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2 years ago

What is the future value if the payments are invested with the first national bank which offers semiannual compounding?

1 answer:

6 0

The problem is missing some details. But here is the complete solution. Now consider the second alternative-5 annual payments of $2,000 each. Assume that the payments are made at the starting of each year.

N = 5
I = 10.25
---> this is computed by: [(1+i/n)^n] -1I = <span>[(1+10/2)^2] -1 = 10.25
</span>PV = O
PMT = -2,000
Using a financial calculator...
Future Value = 13, 528.90

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Larkspur, Inc. had net sales in 2020 of $1,447,100. At December 31, 2020, before adjusting entries, the balances in selected acc

Zielflug [23.3K]

Answer:

The entry to record bad debt expense:

Debit Bad debts expense $24,446

Credit Allowance for Doubtful Accounts $24,446

Explanation:

1. At December 31, 2020,

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2 years ago

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solong [7]

Answer:

Specific performance

Explanation:

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2 years ago

On January 1, a company issued and sold a $399,000, 9%, 10-year bond payable, and received proceeds of $394,000. Interest is pay

Lera25 [3.4K]

Answer:

Cash Interest payable on Bond = $399,000*4.5% = $17,955

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Interest expense = $17,955+$250 = $18,205

Date Journal Entry Debit Credit

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2 years ago

In which core leader competency do you determine information sharing strategies?

Andre45 [30]

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3 years ago

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2 years ago