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10. Dale wants to invest money in a 6% CD account that compounds semiannually. Dale would like the account to have a balance of
10. Dale wants to invest money in a 6% CD account that compounds semiannually. Dale would like the account to have a balance of $50,000 five years from now. How much must Dale deposit to accomplish her goal? Choose closest answer. 8.. Ned received $300,000 from customers as deposits on returnable containers during 2021. Fifteen percent of the containers were not returned. The deposits are based on the container cost marked up 20%. How much profit did Ned realize on the forfeited deposits? 9. As part of a promotion campaign, Lime Cereal includes one coupon in each issue of various national magazines and offers a toy car in exchange for $1.00 and three coupons. The cars cost Lime $1.50 each. Experience indicates that 4% of the coupons eventually will be redeemed. During the last month of 2021, the first month of the offer, 12 million coupons were distributed and 240,000 million of the coupons were redeemed. Lime recognizes coupon promotion expense in the period coupons are issued. What amount should Lime report as coupon promotion expense on its December 31, 2021, income statement?
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