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krok68 [10]
3 years ago
15

Jacob is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 5 years. If the interest

rate on the account is 2.25% compounded annually, what is the present value of the investment? a. $5,666.58 b. $10,461.24 c. $9,358.91 d. $37,731.88
Business
2 answers:
Damm [24]3 years ago
7 0

The answer would have to be B

Mrac [35]3 years ago
6 0

Answer: $9,358.91

Explanation:

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Cumberland Co. sells $1,114 of merchandise to Hancock Co. for cash. Cumberland paid $779 for the merchandise. Under a perpetual
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Answer:

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Explanation:

Based on the information given the correct journal entry(is):

Debit Cash $1,114

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3 years ago
In the year prior to going public, a firm has revenues of $20 million and net income after taxes of $2 million. The firm has no
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Explanation:

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Working Capital

Current Assets:

Cash & marketable securities worth  $335,485

Inventory of                                          $1,651,599

Accounts receivables                          $1,488,121

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Current Liabilities:

Accounts payable worth                       $1,159,357

Short-term notes payable worth           $313,663

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