3. By reference to IAS 2 Inventories, determine whether the following costs should be treated as inventory costs: (i) (ii) Indirect labour Sales commission (4 marks) 4. (a) What is the present value of 20,000 to be received at the end of each of the next 16 years, discounted at 5%? (2 marks) (b) If you deposit 10,000 in a bank account that pays 4% interest compounded annually, how much money will be in your account after 6 years? (2 marks) 5. Holding all other factors constant, explain whether each of the following changes generally signals good or bad news for a company. (i) (i) (iii) Decrease in acid test ratio Increase in return on assets ratio Decrease in debt to assets ratio (6 marks)