Your boss leaves you a note, asking you to determine the present value of a $125,000 payment to be made in four years assuming a discount rate of 16%. however, you misread her handwriting, and mistakenly thought the discount rate you were supposed to use was 6%. what is the dollar value of the mistake in your answer because you used the wrong discount rate?

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost