Below are four transactions and five tige value concepts. Match each transaction to a time value concept that should apply. A time value concept can be used for more than once or not at all. (2 points each: 8 points total) Sue wins a lottery today. She will be paid $10,000 at the beginning of every period for 5 periods starting from today. She wants to know the value of the lottery today. 1. Future value of 1 Auther Inc. plans to deposit $60,000 today in a fund that earns 5% compounded annually. It wants to know what amount the fund will grow in 5 years. 2. Present value of 1 3. Future value of ordinary annuity of 1 Jenny Co. plans to accumulate $ 800,000 for a new factory construction 10 years from now. It plans to make annual deposits at the end of avar var 4. Present value of ordinary annuity of 1 Mint Co. uses the conventional retail inventory method to value its merchandise inventory. The following schedule (in scrambled order) is prepared for the current years Cost Retail Beginning inventory $ 35,000 $ 76,000 Purchases 153,000 247,000 Net markdowns 13,000 Freight-in 3,400 Sales revenue 189,000 Net markups 3,900 Normal damage 5,300 Requirements: 1. What is the ending inventory at retail? (4 points) Answer: Ending inventory at retail= 2. Show the work to calculate the cost-to-retail ratio under the conventional retail inventory method by filling out the amount for the numerator in box (a) and the amount for the denominator in box (b) as indicated below. (2 points each) Cost-to retail ratio = (a) ? (b) ? Requirements: 1. What is the ending Inventory at retail? (4 points) Answer: Ending inventory at retail 2. Show the work to calculate the cost-to-retail ratio under the conventional retail inventory method by filling out the amount for the numerator in box (a) and the amount for the denominator in box (b) as indicated below. (2 points each) Cost-to retail ratio (b) ? Answer: Amount in box (a)= A/ Amount in box (b)= A