Answer all these questions i will upvote plz help meQuestion $1(10$ marks$)$

Respond to the accounting situations below using your financial calculator. Show your financial calculator inputs. Use of tables is not acceptable. All rates are expressed as an annual rate. Round mathematically to the nearest dollar.

Required

Calculate the following on your financial calculator. Show your calculations for possible partial marks.

Present value of a payment of $$500,000$ that you will receive $12$ years from now at $3\mathrm{.}8\%.(2$ marks$)$

The future value of a deposit today of $$500,000$ to be received $15$ years from now compounded twice yearly at an annual rate of $4\%.(2$ marks$)$

The present value of a series of equal yearly payments of $$50,000$ at $2\mathrm{.}5\%$ for $20$ years with payments received at the end of the year. $(3$ marks$)$

The price of a $20-$year, $$1,000,000$ bond with a coupon rate of $4\mathrm{.}2\%$ and a market $($yield$)$ rate of $3\mathrm{.}8\%$ with interest paid twice per year. $(3$ marks$)$

Question $4(6$ marks$)$

Salt Company owns equipment that was purchased in an acquisition of Pork Company. The equipment has a book value of $$1,820,000.$ It must be assessed for impairment on an annual basis. As part of this test, Salt Company needs to estimate the value in use of the equipment. It has developed cash flow estimates related to the equipment. The estimates reflect expected annual cash flows over the next $7$ years. The equipment is assumed to have no residual value, and cash flows occur at the end of each year. Salt Coalt Company determines that the appropriate discount rate for these cash flows is $6\%.$

Salt Company has developed the following cash flow estimates related to the equipment:

Year

Cash Flow Estimate

$13$

$$210,000$

$46$

$340,000$

$7$

$410,000$

Required

Considering valuation under IFRS $13,$ use your financial calculator to estimate the value in use of the equipment. Note that the cash flow keys provide the most efficient solution to this problem. Show your calculations for possible partial marks. $(6$ marks$)$

Question $5(10$ marks$)$

The December $31,2022$ trial balance of Leo Wholesale Company, before adjusting entries, included the selected accounts shown below. Note that this is a partial trial balance. Many accounts are not shown. All accounts have a normal balance.

The trail balance of Leo Wholesale Company included the following selected accounts:

Accounts receivable

$176,000$

Notes receivable

$200,000$

Unearned delivery revenue

$24,000$

Prepaid rent

$36,000$

Prepaid insurance

$18,000$

Equipment

$240,000$

Accumulated depreciation: Equipment

$61,250$

Salaries expense

$120,000$

Delivery revenue

$473,300$

Required

Provide the year$-$end adjusting journal entries for the situations provided below. Year end is December $31.$ Properly formatted journal entries are required for full marks. Complete these entries in the order they are presented.

The equipment has an estimated life of $12$ years, no residual value, and the straight$-$line method is used for calculating depreciation. $(2$ marks$)$

The prepaid rent was payment for a $6-$month lease beginning on November $1,2022.(2$ marks$)$

The prepaid insurance represents the annual premium on a policy providing coverage starting August $1,2022.(2$ marks$)$

On September $12,2022,$ Leo Wholesale Company accepted a $$250,000$ note from a customer in payment for delivery services. It is a $6-$month note, and the interest rate is $9\%.$ You need to count exact days to determine the interest. $(2$ marks$)$

The supplies inventory on January$1,2022$ was $$8,350.$ Supplies costing $$16,650$ were acquired during the year. A count on December $31,2022$ indicated supplies on hand of $$6,810.(2$ marks$)$