Lucy Corporation purchased and used 70,000 board feet of lum…

Lucy Corporation purchased and used 70,000 board feet of lumber in production at a total cost of $1,050,000. Original production had been budgeted for 15,000 units with a standard materials quantity of 5 board feet per unit and a standard price of $15.50 per board foot. Actual production was 14,000 units.​The direct materials price variance is

Suppose you want to open a bank account with continuously co…

Suppose you want to open a bank account with continuously compounding interest at a rate of 5%. Assume that you deposit some amount of money \(P\) into the account, and do not make any other deposits or withdrawals. Suppose you will only withdraw from the account once its value is DOUBLE what you originally deposited. How long would it take for that to happen? Simplify your answer, and leave it in exact form.