Swifty Corporation produced 340000 units in 160000 direct labor hours. Production for the period was estimated at 350000 units and 175000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at 175000 hours and 160000 hours. 170000 hours and 175000 hours. 160000 hours and 160000 hours. 170000 hours and 160000 hours.

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to: