Lhakhang can invest money at a 7% interest rate per year. How much money would Lhakhang in order to have enough to purchase the equipment in five years? Time value of foun at h back of the exam. (Alow for rounding errors when using the tables.)e tables can ay ld Lhakhang have to invest can value of money mone 10. Lhakhang Inc. wants to buy new equipment in five years from now for $1,250,000 r A. S1,250,000 B. $953,619 C.$891,233 D. $805,761 E. $142,597 make 13 anual lease payments of $90,000 with the first payment due immediately. Accounting standards require the company to record a lease liability when recording this type of lease. Assume a 6% interest rate. What amount should Chamizal record the lease liability for on September 30, 201 8, before the first payment is made? Time value of money tables can be found at the back of the exam. (Allow for rounding errors when using the tables.) a warehouse. Terms of the lease require Chamizal to 11. On September 30, 2018, Chamizal Corp. leased A. $796,741 B. $844,546 C. $879,709 D. $887,693 E. $1,094,230 12. During 2018, its first year of operations, Hueco Tank Industries recorded sales of $11,550,000 and experienced retums of $700,000. Cost of goods sold totaled $6,760,000. The company estimates t 6.75% of all sales will be returned. How much will Hueco Tanks report as net sales on its 201 8 income statement? A. S12,329,625 B. $11,550,000 C. $10,850,000 D. $10,770,375 E. S4,790,000 13. Natalicio Limited's year-end balance in accounts receivable is $2,100,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $29,500. An aging of accoun receivable at the end of the year indicates a required allowance of $50,000. If bad debt ex year? the year was $42,000, what was the amount of bad debts written off by Natalicio Limited dur A. $121,500 B. S62,500 C.$42,000 D.$37,500 E.$21,500 pen