Question
1.)What is the future value of a $620 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations and
1.)What is the future value of a $620 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
2.) Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $255,000, fixed assets of $805,000, current liabilities of $190,000, and long-term debt of $295,000. What is Jack and Jill's total stockholders' equity?
3.) Statement of Retained Earnings Night Scapes, Corp. began the year 2008 with $29 million in retained earnings. The firm suffered a net loss of $3.9 million in 2008 and yet paid $2.19 million to its preferred stockholders and $1.19 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Night Scapes?
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