21. What is the present value today of $15,000 to be received six years from today with interest rate of? a. $3,131 b. $115,734 c. $8,467 d. $15,000 e. None of the above 22. $320,000 110,000 140,000 90,000 Lohmeyer Corporation reports: Cash provided by operating activities Cash used by investing activities Cash provided by financing activities Beginning cash balance What is Lohmeyer's ending cash balance? a $410,000. b. $440,000 c. $570,000 d. $660,000 23. Harding Corporation reports the following information: Net Income $530,000 Depreciation expense 140,000 Increase in accounts receivable 60,000 Harding should report cash provided by operating activities of a. $330,000. b. $450,000. C. $610,000 d. $730,000 Wellington Corp. has outstanding accounts receivable totaling $6 million as of December 31 and sales on credit during the year of $30 million. There is also a debit balance of $24,000 in the allowance for doubtful accounts. If the company estimates that 8% of its outstanding receivables will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? a $2,400,000. b. $ 456,000. C. $ 480,000. d. $ 504,000 25. During the year Tulip reported net sales of $960,000. The company had accounts receivable of $75,000 at the beginning of the year and $120.000 at the end of the year Compute Tulip's average collection period (assume 365 days a year.) a. 28.5 days b. 37.2 days c. 45.7 days. d. 74.2 days