Given the Following Cash Flows,what Is the Future Value at Year

question 32

Multiple Choice

Given the following cash flows,what is the future value at year ten when compounded at an interest rate of 4.0%? $$\begin{array} { | c | c | c | c | c | } \hline \text { Year } & 7 & 8 & 9 & 10 \\\hline \text { Cash Flow } & \$ 4,000 & \$ 3,000 & \$ 2,000 & \$ 1,000 \\\hline\end{array}$$

• A)$30,000.00
• B)$25,267.31
• C)$16,864.17
• D)$10,824.26

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Definitions:

Standard Rates

Predetermined costs or charges used for billing, budgeting, or for setting up baseline expectations for financial performance.

Standard Direct Materials Quantity

The amount of raw materials budgeted to be used in the production of goods, based on efficiency standards.

Waste And Spoilage

Materials or products that are lost, unusable, or less valuable due to inefficiencies or defects in the production process.

Direct Labor Quantity Standard

The amount of labor hours expected to be required to produce one unit of a product.