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Serjik [45]
2 years ago
13

An expense account normally has a ___________ balance. A. Debit B. Credit

Business
1 answer:
swat322 years ago
8 0

Answer:

An expense account normally has a debit balance.

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Which of the following is true about finding the present value of cash flows? Finding the present value of cash flows in future
Neko [114]

Answer:

The correct answer is A: %70,154

Explanation:

Giving the following information:

True: Finding the present value of cash flows in future years tells you how much you would need to invest today so that it would grow to equal the given future amount.

What is the value today of a $158,000 cash flow expected to be received 12 years from now based on an annual interest rate of 7%?

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PV= FV/(1+i)^n

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PV= 158000/(1.07^12)= $70,154

3 0
3 years ago
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