To find the present value of a cash flow expected to be paid or received in the future, you will the future value cash flow by (1 + I)N. What is the value today of a $42,000 cash flow expected to be received 17 years from now based on an annual interest rate of 7%? $20,609 $13,296 $16,620 $132,670

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.