Answer:
the equivalent amount the company can spend 3 years from now in then-current dollars is $3,943,200
Explanation:
The computation of the equivalent amount the company can spend 3 years from now in then-current dollars is shown below:
= $2,400,000 × (1 + 17.8%)^3
= $2,400,000 × 1.63942
= $3,943,200
Hence, the equivalent amount the company can spend 3 years from now in then-current dollars is $3,943,200
The answer is "leading questions".
A leading question refers to an inquiry which unpretentiously prompts the respondent to reply in a particular way. Generally these type of questions are unwanted as they result in false or inclined information.It recommends a specific answer that the examiner wants – frequently a basic 'yes' or 'no' answer.
Answer:
c. $161,400
Explanation:
The computation of the cash collections for December month is shown below:
Cash sales
= $160,000 × 30%
= $48,000
Credit sales
For same month = $160,000 × 50% × 70% = $56,000
For one month = $180,000 × 30% × 70% = $37,800
For second month = $140,000 × 20% × 70% = $19,600
So, the total cash collections is
= $48,000 + $56,000 + $37,800 + $19,600
= $161,400
