Please help me answer these questions. No explanation needed
A company will save $8,501 at the end of each quarter in a 10% annual rate account (assume quarterly compounding) to eventually obtain the $275,000 needed to replace its equipment. How many years will it take to obtain the necessary funds? (Ch6) 24 years C 5 years O 6 years 20 yearsA company is offering a 10% \"'trade discount" on cleaning products. If a customer purchases $400 of cleaning products. how much sales revenue should be recorded? (Ch?) On April 1, 20X1, a company purchases equipment for $44,200 that is expected to have a $4,800 salvage value and a useful life of 5,000 units produced (i.e., an activity method of depreciation is used). If the equipment produces 3,200 units in 20X1 and 2,500 units in 20X2, how much depreciation expense should be recorded in 20X2? (Ch11) $14, 184 O $0 $20,488 O $19,700On November 1, a company purchases a patent for $475,000 by signing a five-month, zero-interest-bearing, $485,000 note. What journal entry should be recorded at maturity if the company has a December 31 year- end? (Ch13) O Dr. Notes payable $485,000; Dr. Interest expense $6,000; Cr. Discount on notes payable $6,000; Cr. Cash $485,000 Dr. Notes payable $485,000; Dr. Interest expense $2,500; Cr. Discount on notes payable $2,500; Cr. Cash $485,000 Dr. Notes payable $485,000; Cr. Discount on notes payable $6,000; Cr. Cash $479,000 Dr. Notes payable $485,000; Cr. Discount on notes payable $2,500; Cr. Cash $482,500A company uses LCNRV and finds that its inventory has a total NRV of $124,000 and a total cost of $137,000. What entry is needed if the loss method of adjustments is used? (Ch9) No entry Dr. Loss due to decline in inventory $13,000; Cr. Allowance to reduce inventory $13,000 Dr. Cost of goods sold $13,000; Cr. Inventory $13,000 Dr. Loss due to decline in inventory $13,000; Cr. Inventory $13,000