The factory has 6,400 square feet of space and Tom rents the factory for $3,050 a month. Tom Nook has decided to switch to an activity-based costing system, and uses the following cost pools: Setups, Machining, Fine Tuning, and Quality Control. 2,800 square feet of the factory are used for machining, while 1,500 square feet (each) are used for Setups and Quality Control. Fine Tunring uses 600 square feet. When assigning indirect costs to each activity, how much factory rent should be assigned to the Setups cost pool

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.