You won a lottery! to collect your winnings you will be paid annual amounts of $10,500 for each of the next 24 years. the appropriate discount rate is 10 percent per year. calculate the difference in the present values if you are paid these annual amounts of money at the beginning of each year rather than at the end of each year.

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?