33.Thomas intends to invest his money in an investment account, beginning today, with the deposits amount of $2,000 annually. He will continue the investment for the next 20 years. If annual compound rate is 8%, calculate the amount in the account upon maturity period.

a. $21,207

b. $91,524

c. $98,846

d. $19,636

35.The current price on iphone 11 pro max is $3,900. The iphone Xr prices have dropped at an average rate of 9% per year in recent years. If you expect this trend to continue, how much will this style of television cost in three years?

a. $2,999

b. $2,939

c. $5,050

d. $4,633

38.Which of the following statements is CORRECT?

a. A reduction in accounts receivable would have no effect on the current ratio, but it would lead to an increase in the quick ratio.

b. If a firm increases its sales while holding its accounts receivable constant, then, other things held constant, its days sales outstanding will decline.

c. There is no relationship between the days sales outstanding (DSO) and the average collection period (ACP). These ratios measure entirely different things.

d. A high average ACP indicates that none of its customers are paying on time. In addition, it makes no sense to evaluate the firm's ACP with the firm's credit terms.

e. If a security analyst saw that a firms account collection period (ACP) was higher than the industry average, and was increasing and trending still higher, this would be interpreted as a sign of strength.

39.A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow for the month if its beginning cash for the month is $50,000 and there are no other cash inflows for the month?

a. $300,000

b. $100,000

c. $150,000

d. $350,000