Carol wants to invest money in a $8\%$ CD account that compounds semiannually. Carol would like the account to have a balance of $$50,000$ five years from now. How much must Carol deposit

to accomplish her goal?

A$)$ $$34,069.$

B$)$ $$43,131.$

C$)$ $$34,029.$

D$)$ $$33,778.$

$2)$ The transferor relinquish control on the receivables if:

A$)$ The transferred assets have been isolated from the transferor.

B$)$ Each transferee has the right to pledge or exchange the assets it received.

C$)$ The transferor does not maintain effective control over the transferred assets through either repurchase or redemption agreements before maturity or the ability to cause the transferee to return

the assets.

D$)$ All of these answer choices must occur.

$3)$ For $2018,$ Rahal's Auto Parts estimates bad debt expense at $1\%$ of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $$86,500$ and $$2,100,$

respectively, at December $31,2017.$ During $2018,$ Rahal's credit sales and collections were $$404,000$ and $$408,000,$ respectively, and $$2,040$ in accounts receivable were written off.

Rahal's final balance in its allowance for uncollectible accounts at December $31,2018,$ is:

A$)$ $$4,340.$

B$)$ $$4,100.$

C$)$ $$3,800.$

D$)$ $$4,040.$

$4.$ Lester Company reported the following information for the year ended December $31,2019$:

Net income $ $1,000,000$

Preferred dividends declared and paid $250,000$

Common dividends declared and paid $90,000$

Average common shares outstanding $100,000$

Ending market price per share $35$

Net sales $3,100,000$