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2 Required information Part 1 of 2 7.69 points eBook Hint Print Use the following information for the Quick Study below. [The following information
2 Required information Part 1 of 2 7.69 points eBook Hint Print Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Park Co. is considering an investment that requires immediate payment of $28,065 and provides expected cash inflows of $8,100 annually for four years. If Park Co. requires a 5% return on its investments. QS 25-2 Net present value LO P3 1-a. What is the net present value of this investment? (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) Cash Flow Annual cash flow Select Chart Amount x PV Factor Present Value Present Value of an Annuity of 1 Immediate cash outflows $8,100 x 3.5460= 28,723 28,065 Net present value The trial balance of Syed Moiz Co, shown below does not balance. SYED MOIZ CO. Trial Balance June 30, 2019 Debit Credit Cash $6,340 Accounts Receivable $2,731 Supplies 1,200 Equipment 2,600 Accounts Payable 4,720 Accumulated of dep 200 Unearned Revenue 2,100 S. Moiz, Capital 8,300 S. Moiz, Drawing 1,800 Good Will 5,000 Mortgage notes payable (3000$ within one year) 7,000 Service Revenue 2,781 Prepaid insurance 500 Salaries Expense 3,900 Office Expense 1,030 $22,561 $27,641 Each of the listed accounts has a normal balance per the general ledger. Ai examination of the ledger and journal reveals the following errors. 1. Cash received from a customer in payment of its account was debited for $480, and Accounts Receivable was credited for the same amount. The actual collection was for $840. 2. The purchase of a computer on account for $620 was recorded as a debit to Supplies for $620 and a credit to Accounts Payable for $620. 3. The withdrawal of $600 cash for Moiz's personal use was debited to Salaries Expense for $60 and credited to Cash for $60. Instructions a) Prepare a correct trial balance.
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