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Olegator [25]
3 years ago
11

Wells, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 865 2 1,040 3 1,290 4 1,385

a. If the discount rate is 8 percent, what is the future value of these cash flows in Year 4
Business
1 answer:
andrezito [222]3 years ago
5 0

Answer:

Total FV= $5,080.86

Explanation:

Giving the following information:

Cash Flow:

Cf1= $865

Cf2= $1,040

Cf3= $1,290

Cf4= $1,385

Discount rate (i)= 8%

<u>To calculate the total future value, we need to apply the following formula to each cash flow:</u>

FV= Cf*(1+i)^n

Cf1= 865*1.08^3= 1,089.65

Cf2= 1,040*1.08^2= 1,213.01

Cf3= 1,290*1.08= 1,393.2

Cf4= 1,385

Total FV= $5,080.86

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Answer: Please find answers in explanation column

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     Account                                               Debit           Credit  

1) Work in process-Refining department $385,000  

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Account                                                         Debit           Credit  

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Account                                                           Debit           Credit  

3) Work in process-Refining department    $99,000  

factory overhead-refining department                             $99,000  

Entry to record the transfer of production costs to the second department, Sifting.

Account                                                    Debit           Credit  

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Work in process-Refining department                           $626,800

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<span>B. FALSE yes
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Answer:

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<em>rounding against nearest 1,000 dollar: 256,000</em>

<em />

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<em />

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