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2 years ago

11

What is the present value of a series of payments received each year forever, starting with $1,000 paid one year from now and th

e payment growing in each subsequent year by 6%

1 answer:

Ivanshal [37]2 years ago

8 0

Answer:

Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.

Explanation:

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What careers are in the Information Support and Services career pathway of the IT career cluster? (15 points for you)

yKpoI14uk [10]

I think it’s “help desk specialists, PC support specialists”

6 0

2 years ago

Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on Janu

Romashka [77]

Answer:

D) $32,624,514.

Explanation:

Installments (A) = $10,070,000

Principal due (B) = $39,169,279

Interest Payment (C) =B x 9% = $39,169,279*9%

Interest Payment (C) = $3,525,235

Principal Payment (D) = A - C

Principal Payment (D) = $10,070,000 - $3,525,235

Principal Payment (D) = $6,544,765

Total Due (E) = B - D

Total Due (E) = $39,169,279 - $6,544,765

Total Due (E) = $32,624,514

So, after the first payment was made, the note payable liability on December 31, 2016 is closest to $32,624,514

7 0

2 years ago

The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation.

tia_tia [17]

Answer:

Explanation:

See below

5 0

2 years ago

Brief Exercise 3-12 Record the adjusting entry for interest payable (LO3–3) Midshipmen Company borrows $17,000 from Falcon Compa

kati45 [8]

Answer:

Calculate the 2021 year-end adjusted balances of Interest Payable and Interest Expense.

July 1 2021

Db Cash ________________________ 17000

Cr Borrow payable______________________________ 17000

December 31 2021

Db Interest expense______________ 1020

Cr Interest payable_______________________________ 1020

June 30 2022

Db Interest expense______________ 1020

Cr Interest payable_______________________________ 1020

Explanation:

Borrow Loan__%I__ Int.___Amount

July 1 2021 to December 31 2021 17000 6% 1020__18020

July 1 2021

1

Db Cash ________________________ 17000

Cr Borrow payable______________________________ 17000

December 31 2021

Db Interest expense______________ 1020

Cr Interest payable_______________________________ 1020

June 30 2022

Db Interest expense______________ 1020

Cr Interest payable_______________________________ 1020

6 0

3 years ago

Which of the following is a highly suspicious financial statement relationship? a. Increased revenues with increased cash flows

Crank

Answer:

The correct answer is letter "C": Increased inventory with decreased payables.

Explanation:

If in a general ledger there is more inventory but fewer account payables it is a clear indication that there has been a mistake recording the operations of a company or there are activities in the company that might be the result of fraud. Accounts payable represent obligations of the company to a third party because of short-term debt incurred. If there is more inventory, the logical is to have more accounts payable recorded.

3 0

2 years ago