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3 years ago

8

LeVon Fashions specializes in imported clothing. During March, LeVon completed a series of transactions. For each of the followi

ng items, give an example of a transaction that has the described effect on the accounting equation of LeVon Fashions.

1 answer:

nadezda [96]3 years ago

8 0

Answer: Increase an asset , increase a liability.

Purchasing asset on account and getting long term Loan

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Present value for option 1 = $1,460,000

Present value for option 2 = $1,460,971.84

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Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator.

For the first option, the present value is $1,460,000.

For the second option:

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For the fourth option:

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To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

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I hope my answer helps you

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