FUTURE VALUE OF A SINGLE CASH FLOW. Shubert Products has just been paid $25,000 by Apex Enterprises,

Question:

FUTURE VALUE OF A SINGLE CASH FLOW. Shubert Products has just been paid $25,000 by Apex Enterprises, which had owed Shubert this amount for 30 months but had been unable to pay because of financial difficulties. Had it been able to invest this cash, Shubert assumes that it would have earned an interest rate of 12% compounded monthly (1% per month).

REQUIRED:

1. Prepare a cash flow diagram for the investment that could have been made if Apex had paid 30 months ago.

2. Determine how much Shubert has lost by not receiving the $25,000 when it was due 30 months ago.

3. Would Shubert make an entry to account for this loss? Why, or why not?

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