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Vitek1552 [10]
3 years ago
15

Computing Present Values of Single Amounts and Annuities Refer to Tables 1 and 2 in Appendix A near the end of the book to compu

te the present value for each of the following amounts. Round answers to the nearest dollar. a. $130,000 received 10 years hence if the annual interest rate is: 1. 10% compounded annually. Answer 2. 10% compounded semiannually. Answer b. $3,000 received at the end of each year for the next eight years discounted at 8% compounded annually. $Answer c. $900 received at the end of each six months for the next 15 years if the interest rate is 10% per year compounded semiannually. $Answer d. $260,000 received 10 years hence discounted at 10% per year compounded annually. $Answer
Business
1 answer:
Klio2033 [76]3 years ago
7 0
I don’t know the answer
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3 years ago
Read 2 more answers
On January 1, 2017, Accounts Receivable and Allowance for Uncollectible Accounts for Darius Company carried balances of $20,000
kupik [55]

Answer:

(C) $745

Explanation:

The computation is given below:

For computing the bad debt  expense, first we have to determine the ending account receivable balance which is shown below:

Ending account receivable balance = Beginning account receivable + credit sales - collections - written off amount

= $20,000 + $70,000 - $74,700 - $400

= $15,300

So, the bad debt expense is

= Ending account receivable × given percentage

= $15,300 × 5%

= $745

8 0
3 years ago
Suppose there are 70 million people in the labor force, out of which 60 million are employed, then the unemployment rate is?
ZanzabumX [31]

Suppose there are 70 million people in the labor force, out of which 60 million are employed, then the unemployment rate is: 14.28%.

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8 0
2 years ago
What change could be considered an effective sign of economic recovery from the Great Recession?
pogonyaev

Answer:

The answer is C. architecture and construction industry demonstrating a sustainable level of growth

4 0
3 years ago
XYZ Company ended year 1 with accounts receivable of $100,000. On February 1, Year 2 XYZ provided services on account for $40,00
avanturin [10]

Answer:

Account at December 31th, Year 2: 210,000

Explanation:

We work this using the following reasoning

beginning accounts receivable

<u>+ sales on accounts </u>

Total amount to collect

<u>- collection through the period</u>

ending accounts receivable

year 2

beginning accounts receivable 100,000

+ February 1st sale on account   40,000

+ November 1st sale on account <u>70,000</u>

total amount to collect               210,000

As we are not given with any data for collection we assume is zero.

Therefore ending AR balance:

210,000 - 0 = 210,000

8 0
3 years ago
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