1.For the BRB Company, all customers pay in advance for the services they will receive and all amounts are entered in Unearned Revenue. During 2018, $225,500 was received in cash from customers. In the December 31, 2018, financial statements, the firm reported $192,250 in Revenue and $76,950 in Unearned Revenue. What was the beginning balance in Unearned Revenue at January 1, 2018?

Select one:

a. $33,250

b. $10,450

c. $417,750

d. $43,700

e. $97,850

2.Mr. Ridge wants to invest a certain sum of money at the end of each year for five years. The investment will earn 10% compounded annually. At the end of the fifth year, he will need a total of $25,000 accumulated. What is his approximate required annual investment?

Select one:

a. $15,348

b. $6,595

c. $3,723

d. $4,095