8 a. The amount that a $20,000 investment today would accumulate at 10% (compound interest) by the end of 6 years equals $33.542 b. $31,737. $35.431 d $37,408 C. 9. On January 1, 2021 Cardinal Corporation decided to invest $25,000 every January 1st for the next six years (2021 - 2026) with the first investment made immediately. If Cardinal will earn 12% on the investment, what amount will be in the investment fund on December 31. 20262 $102.785 b. $115,120 S202,880. d. $227.225. a. c. . 10. On January 1, 2021, Speith Co. sold to Rahm Corp. $400,000 of its 10% (annual rate) bonds for $354,118 to yield 12% (the market rate). Interest is payable semiannually on June 30 and December 31. Interest expense on June 30.2021 will equal $40,000 b. equal $20,000 c. be more than $20,000. d be less than $20.000 12. The category "trade receivables" includes a. advances to officers and employees, b. income tax refunds receivable. c. claims against insurance companies for casualties sustained. d. amounts owed by customers for goods bought or services rendered The accounts receivable turnover ratio measures the number of times the average balance of accounts receivable is collected during the period. b. percentage of accounts receivable turned over to a collection agency during the period. c percentage of accounts receivable arising during certain seasons. d. number of times the average balance of inventory is sold during the period. a. 13. a The accounts receivable turnover ratio is computed by dividing gross sales by ending net receivables. b. gross sales by average net receivables. net sales by ending net receivables. d. net sales by average net receivables. c