LOWEDOPUSDIS P E - - - - - Remaining Time: 4 hours, 59 minutes, 10 seconds. Question Completion Status: QUESTION 1 Brynn purchased a new machine on January 1, for $420,000. Brynn paid $10,000 down with the rest payable in 10 equal annual payments, beginning in one year, which include interest at 10%. The amount of each payment would be: A $ 68,353,07 B. $ 66,725.61 C. $ 41000+ interest D. 592.451.22 E. none of the listed choices QUESTION 2 Jeffrey wants to have $100,000 in the bank in 10 years bank pays interest at 12% compounded quarterly, how much does he need to put in today? A $30,655.68 B. 574,409.39 C. 531,180.47 OD. $ 32,197.32 E none of the listed choices QUESTION 3 The accounting equation is A Recording all expenses incurred in generating the revenues of the period Chok Save and submit to me and submit Chek Sow All Arters to sell a s Search D.edu/webapps/assessment/take/launch jsp?course_assessment_id=_377560_1&course ide_528388_1&content_id103571841 Remaining Time: 4 hours, 58 minutes, 27 seconds Question Completion Status: QUESTION 4 Jenna's Teen Shoppe had a fire. The entire inventory was lost. Jenna is puting together a daim for the insurance company Sales this year were $2,000,000 up until the fire. Last year's sales were $1.000.000 Jenna marks her inventory up 100% de she sells her merchandise at 200% of her cost The inventory at the beginning of the year was $400 000 (at cost) Jenna owed suppliers $300 000 last year. The company had purchased $800,000 of dresses this year (at cost up until the date of the fire How much can Jenna daim as lost during the fire? A $240.000 B. $440,000 OC. $200,000 D$ 340,000 E. $ 640.000 QUESTIONS Which of the following best describe what happens when a business issues bonds at discount O A assets increase and liabilities decrease Bassets decrease and liabilities increase C. expenses increase and assets decrease Drevenue increases and assets increase E assess increase and abilities increase QUESTION 6 Tacca cha nar n e to the Chok Sarand submit to save and the sal e ore alla Search Question Completion Status: QUESTION 6 Tessa Co. issues 3,000 shares of $10 par value stock for $90,000, the credit to "Paid-in capital" would be A $80,000 B. $ 60.000 C. $ 78,000 D. $ 87,000 E none of the listed choices QUESTION 7 Matt will sell you a new thing for $2,000. The deal is 10% down and the rest payable in four equal annual payments that include interest at 24 You called the bank and they said that they would charge you 10% for a similar loan How much are the payments if you take Matt's deal O A $567.85 3. $ 600,00interest OC $525.25 D. none of the listed choices E $472.72 QUESTIONS Click Save and submit to save and submit. Click Save All Answers to see all wers -search LOWEDOPUSDIS P E - - - - - Remaining Time: 4 hours, 59 minutes, 10 seconds. Question Completion Status: QUESTION 1 Brynn purchased a new machine on January 1, for $420,000. Brynn paid $10,000 down with the rest payable in 10 equal annual payments, beginning in one year, which include interest at 10%. The amount of each payment would be: A $ 68,353,07 B. $ 66,725.61 C. $ 41000+ interest D. 592.451.22 E. none of the listed choices QUESTION 2 Jeffrey wants to have $100,000 in the bank in 10 years bank pays interest at 12% compounded quarterly, how much does he need to put in today? A $30,655.68 B. 574,409.39 C. 531,180.47 OD. $ 32,197.32 E none of the listed choices QUESTION 3 The accounting equation is A Recording all expenses incurred in generating the revenues of the period Chok Save and submit to me and submit Chek Sow All Arters to sell a s Search D.edu/webapps/assessment/take/launch jsp?course_assessment_id=_377560_1&course ide_528388_1&content_id103571841 Remaining Time: 4 hours, 58 minutes, 27 seconds Question Completion Status: QUESTION 4 Jenna's Teen Shoppe had a fire. The entire inventory was lost. Jenna is puting together a daim for the insurance company Sales this year were $2,000,000 up until the fire. Last year's sales were $1.000.000 Jenna marks her inventory up 100% de she sells her merchandise at 200% of her cost The inventory at the beginning of the year was $400 000 (at cost) Jenna owed suppliers $300 000 last year. The company had purchased $800,000 of dresses this year (at cost up until the date of the fire How much can Jenna daim as lost during the fire? A $240.000 B. $440,000 OC. $200,000 D$ 340,000 E. $ 640.000 QUESTIONS Which of the following best describe what happens when a business issues bonds at discount O A assets increase and liabilities decrease Bassets decrease and liabilities increase C. expenses increase and assets decrease Drevenue increases and assets increase E assess increase and abilities increase QUESTION 6 Tacca cha nar n e to the Chok Sarand submit to save and the sal e ore alla Search Question Completion Status: QUESTION 6 Tessa Co. issues 3,000 shares of $10 par value stock for $90,000, the credit to "Paid-in capital" would be A $80,000 B. $ 60.000 C. $ 78,000 D. $ 87,000 E none of the listed choices QUESTION 7 Matt will sell you a new thing for $2,000. The deal is 10% down and the rest payable in four equal annual payments that include interest at 24 You called the bank and they said that they would charge you 10% for a similar loan How much are the payments if you take Matt's deal O A $567.85 3. $ 600,00interest OC $525.25 D. none of the listed choices E $472.72 QUESTIONS Click Save and submit to save and submit. Click Save All Answers to see all wers -search