Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*Brief Exercise G-3 Liam Company signed a lease for an office building for a period of 11 years. Under the lease agreement, a security deposit

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

*Brief Exercise G-3 Liam Company signed a lease for an office building for a period of 11 years. Under the lease agreement, a security deposit of $8,400 is made. The deposit will be returned at the expiration of the lease with interest compounded at 8% per year. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Liam receive at the time the lease expires? (Round answer for 2 decimal place . 25.25.) Amount at the time the lease express 00.0 tab *Brief Exercise G-4 Bates Company issued $1,900,000, 15-year bonds and agreed to make annual sinking fund deposits of $71,000. The deposits are made at the end of each year into an account paving annual interest use Sink Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What amount will be in the sinking fund at the end of 15 years? (Round answer to 2 decimal places. e... 25.25.). Amount in the sinking fund Table 4 Present Value of an Annuity of 1 (11) Payments 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 96154 9523894340 93458 92593 91743 90909 9009089286 86957 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2.77509 2.72325267301 2.62432 2.57710 253130 2.48685 2 44371 2.40183 2.28323 3.62990 3.54595 3.46511 338721 331213 3 23972 3.16986 3.10245 3.03735 285498 4451824.32948 421236 4.10020 3 99271 3.88965 3 79079 3 69590 3 60478 3.35216 524214 5.07569 491732 476654 4.62288 4 48592 4.35526 4 23054 4.11141 3.78448 6.00205 578637 558238538929 5 20637 5.03295 4 86842 4.71220 456376 4.16042 6.73274 6.46321 6.20979 5.97130 5.74664 553482 5.33493 5.14612 4.96764 4.48732 7.43533710782 6.80169 651523 6.24689 5.99525 5.75902 5.53705 532825 4.77158 8 11090 7.721737.36009702358 6.71008 6.41766 6.14457 588923 5.65022 501877 8.76048 8306417.88687 749867 7.13896 6 80519 6.49506 6.20652 593770 5 23371 938507 886325838384 794269 7.53608 7.16073 681369 6,49236 6.19437 5.42062 998565 939357 8.85268 8 35765 7.90378 7.48690710336 6.74987 6.42355 558315 10 56312 989864 9.29498 874547 8.24424 7.78615 736669 698187 6.62817 5.72448 11 11839 10.37966 9.71225 9.10791 8.55918 8.06069 760608 7.19087 6.81086 5.84737 11 65230 10.83777 10.10590 9.44665 885137 831256 782371 737916 697399 5.95424 12 16567 11 27407 10.47726 9.76322 9 12164 8.54363 8.02155 7.54879 711963 6.04716 12 65930 11 68959 10.82760 10.05909 9 37189 8 75563 8 20141 7.70162 724967 6. 12797 13.13394 12.08532 11.15812 10.33560 960360 895012836492 7.83929 736578 6 19823 13.59033 12 46221 11.46992 10.59101 981815 9.12855 8 51356 796333 746944 6.25933 Table 3 Present Value of 1 (11) Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 96154 95238 94340 93458 92593 91743 90909 90090 89286 86957 92456 90703 89000 87344 85734 84168 82645 .81162 79719 75614 88900 86384 83962 81630 79383 77218 75132 73119 71178 .65752 85480 82270 79209 7629073503 70843 68301 65873 63552 57175 82193 78353 7472671299 .68058 .64993.62092 5934556743 49718 -79031 74622 70496 66634 63017 59627 56447 53464 50663 .43233 75992 71068 66506 62275 58349 54703 51316 48166 45235 37594 73069 67684 62741 58201 54027 50187 46651 43393 40388 32690 70259 64461 59190 54393 50025 46043 42410 3909236061 28426 67556 61391 55839 50835 46319 42241 38554 35218 32197 24719 64958 58468 52679 47509 42888 38753 35049 31728 28748 21494 62460 55684 49697 4440139711 35554 31863 28584 25668 18691 6005753032 46884 41496 3677032618 28966 25751 22917 16253 57748 50507 44230 38782 34046 2992526333 23199 20462 14133 55526 48102 41727 36245 31524 27454 23939 20900 1827012289 53391 45811393653387329189 25187 21763 18829 16312 10687 51337 43630 37136 31657 27027 23107 19785 16963 14564 .09293 49363 41552 35034 29586 25025 21199 17986 15282 13004 08081 47464 3957333051 2761523171 19449 16351 13768 11611 07027 45639 37689 31180 2584221455 17843 14864 12403 1036706110 Table 2 Future Value of an Annuity of 1 (n) Payments 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 1.00000 100000 100000 10000 1.00000 100000 100000 100000 100000 100000 204000 2.05000 2.06000 20700 2.08000 2.09000 210000 2.11000 22000 215000 3.12160 3.15250 3.18360 3.21493.246403 27810331000 334210337440 347250 4.24646 431013 437462 4.4399 4.50611 457313 4.64100 470973 477933 4.99338 5.41632 5.52563 5.63709 5.7507 5.86660 598471 6.10510 6.22780635285 6.74238 663298680191 697532 7.1533 733592 752334 7715617912868.11519 8.75374 7.89829 8.14201 8.39384 86540 8922809.20044 9.48717 9.78327 10.08901 11.06680 921423 954911 9.89747 10.2598 10.63663 11 02847 11.43589 11.85943 12 29969 13.72682 10.58280 11.02656 11.49132 11.9780 12 48756 13 02104 13.57948 1416397 14.77566 16.78584 12.00611 12.57789 13.18079 13.8164 14.48656 15.19293 1593743 16.72201 17.54874 20.30372 13.48635 14 20679 14.97164 15.7836 16 64549 1756029 18.53117 19 56143 206545824.34928 15.02581 15.91713 16.86994 17 8885 18 97713 20.14072 21 38428 22.71319 24.13313 29.00167 16 62684 17.71298 18.88214 20 1406 21.49530 22.95339 2452271 26.21164 28.02911 3435192 18.29191 19.59863 21.01507 22.5505 24.21492 26 01919 27.97498 30.09492 32 39260 40.50471 20 02359 21 57856 23 27597 25.1290 27.15211 29 36092 31.77248 34.40536 37 27972 47.58041 21 82453 23.65749 25 67253 27.8881 30 32428 33.00340 35.94973 39 18995 42.7532855.71747 23.69751 25.84037 28 21288 30.8402 33.75023 36 97351 40.54470 44 50084 48.88367 65 07509 25 64541 28.13238 30 90565 33 9990 37 45024 41 30134 45.59917 50 39593 55 7497275.83636 27.67123 30.53900 33.75999 37 3790 41.44626 46.01846 51.15909 56 93949 63.4396888 21181 20 29.77808 33.06595 36.78559 40 9955 45.76196 51 16012 57.27500 6420283 72.05244 102 44358 Table 1 Future Value of 1 (11) Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 0 1.00000 1.00000 100000 100000 1.00000 100000 1.00000 100000 100000 1.00000 1.04000 105000 1.06000 107000 1.08000 1.09000 110000 11000 112000 1.15000 1.08160 1.10250 112360 1.14490 1.16640_1 18810 121000 1.23210 125440 1.32250 1.12486 115763 1.19102 122504 1.25971 1.29503133100 1367690193 1.52088 1.16986 121551 1.26248 131080 136049 141158 1.46410 151807 157352 174901 1.21665 1.27628 1.33823 140255 1.46933 1.53862 161051 1.68506 1.76234 2.01136 1.26532 1.34010 1.41852 1.50073 1.58687 1.67710 1.77156 1.87041 197382 231306 1 31593 1.40710 1.50363 1.60578 1.71382 1.82804 194872 2.07616 2.21068 2.66002 1.36857 147746 1.59385 1.71819 1.85093 199256 214359 2.30454 2.47596 3.05902 1.42331 155133 1 68948 1.83846 199900 2.17189 2.35795 255803 2.77308 351788 1.48024 1.62889 1.79085 196715 2.15892 236736 259374 2.83942 3.10585 404556 1.53945 1.71034 1.89830 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 4.65239 1.60103 1.79586 201220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 1.66507 188565 2.13293 240985 2.71962 3.06581 3.45227 3.88328 4.36349 6.15279 173168 1.97993 2 26090 2.57853 2.93719 3.34173 3.79750 4.31044 488711 7.07571 1.80094 2.07893 2.39656 275903 3.17217 3.64248 4.17725 4.78459 5.47357 8.13706 1.87298 2.18287 2 54035 2.95216 342594 3.97031 4.59497 5.31089 6,13039 9.35762 194790 2.29202 2.69277 3.15882 3.70002 4 32763 5.05447 5 89509 6.86604 10.76126 2.02582 2.40662 2.85434 3 37993 3.99602 4.71712 5.55992 6.54355 7.68997 12.37545 2.10685 2.52695 3.02560 3.61653 431570 5.14166 6.11591 7.26334 861276 14 23177 2.19112 2.65330 320714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 16 36654

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Risk Based Approach to Conducting a Quality Audit

Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg

10th edition

1305080572, 978-1305465664, 1305465660, 978-1305080577

More Books

Students also viewed these Accounting questions

Question

LO 19-1 What causes diffi culties and failures in remembering?

Answered: 1 week ago

Question

=+e. Storytelling present product in a story.

Answered: 1 week ago