20. Present value is based on A) the dollar amount to be received. B) the length of time until the amount is received. C the interest rate. D) All of these answers are correct. 21. If the single amount of $2,000 is to be received in 2 years and disco present value is A) $1,623. B) $2,754. C) $1,802. D) $1,818. 22. If $30,000 is deposited in a savings account at the end of each yea interest of 5% compounded annually, what will be the balance of of 10 years? A) $377,337 B) $48,867 C) $315,000 D) $450,000 23. Clark Company manufactures a product with a standard direct la $18.00 per hour. During July, 2,000 units were produced using 4 per hour. The labor quantity variance was A) $2,460 U. B) $3,660 U. C) $3,660 F D) $3,600 U. 20. Present value is based on A) the dollar amount to be received. B) the length of time until the amount is received. C the interest rate. D) All of these answers are correct. 21. If the single amount of $2,000 is to be received in 2 years and disco present value is A) $1,623. B) $2,754. C) $1,802. D) $1,818. 22. If $30,000 is deposited in a savings account at the end of each yea interest of 5% compounded annually, what will be the balance of of 10 years? A) $377,337 B) $48,867 C) $315,000 D) $450,000 23. Clark Company manufactures a product with a standard direct la $18.00 per hour. During July, 2,000 units were produced using 4 per hour. The labor quantity variance was A) $2,460 U. B) $3,660 U. C) $3,660 F D) $3,600 U