1.Find the present value of an investment in equipment if it is expected to provide annual savings of $11,000for10years and to have a resale value of $75,000at the end of that period. Assume an interest rate of9% and that savings are realized at year end.(Round factor values to 5 decimal places, e.g. 1.25125 and final answer to 0 decimal places, e.g. 458,581.)

2.On January 1, 2017,Oriole Companydecided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $63000at9% each January 1 beginning in 2017. What will be the balance in the fund, on January 1, 2022 (one year after the last deposit)? The following9% interest factors may be used.

Present Value of

Ordinary Annuity

Future Value of

Ordinary Annuity

4 periods 3.2397 4.5731

5 periods 3.8897 5.9847

6 periods 4.4859. 7.5233

$377036

$343350

$410969

$315000

Coronado Industries's allowance for uncollectible accounts was $186500at the end of 2017 and $180000at the end of 2016. For the year ended December 31, 2017,Coronadoreported bad debt expense of $29200in its income statement. What amount didCoronadodebit to the appropriate account in 2017 to write off actual bad debts?

$22700

$35700

$6500

$29200

4.Bonita Industrieshad the following bank reconciliation at March 31, 2017:

Balance per bank statement, 3/31/17$74600Add: Deposit in transit2040095000Less: Outstanding checks25300Balance per books, 3/31/17$69700Data per bank for the month of April 2017 follow:Deposits$87600Disbursements99300

All reconciling items at March 31, 2017 cleared the bank in April. Outstanding checks at April 30, 2017 totaled $12500. There were no deposits in transit at April 30, 2017. What is the cash balance per books at April 30, 2017?

$50400

$62900

$70800

$57800

5.Accounts receivable in the amount of $600,000were assigned to the Fast Finance Company by Marsh, Inc., as security for a loan of $660,000. The finance company assessed a2% finance charge on the face amount of the loan, and the note bears interest at10% per year.

During the first month, Marsh collected $440,000on assigned accounts. This amount was remitted to the finance company along with one month's interest on the note.

Make all the entries for Marsh Inc. associated with the transfer of the accounts receivable, the loan, and the remittance to the finance company.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)