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please see attached and make corrections. thank you in advance Question 1 Not yet answered Points out of 2.00 Flag question 0 qaid=5333492&qu 0 Question
please see attached and make corrections. thank you in advance
Question 1 Not yet answered Points out of 2.00 Flag question 0 qaid=5333492&qu 0 Question text 1 Given the following: Accrual-basis Sales Revenue is: Select one: a. $125 b. $119 c. $135 d. $114 e. $130 Question 2 Not yet answered Points out of 2.00 Flag question 0 qaid=5333493&qu 0 Question text 1 Red Wings Inc. maintains accounting records on a cash basis. The following information is provided for 2018: Accrual-basis Expenses for 2018 are: Select one: a. $31 b. $39 c. $29 d. $21 Question 3 Not yet answered Points out of 2.00 Flag question 0 qaid=5333494&qu 0 Question text 1 Black Hawks Inc. maintains accounting records on a cash basis. The following information is provided for 2018: Cost of Goods Sold for 2018 is: Select one: a. $62 b. $63 c. $58 d. $57 e. $56 Question 4 Not yet answered Points out of 2.00 Flag question 0 qaid=5333495&qu 0 Question text 1 North Star Inc. maintains accounting records on a cash basis. The following information is provided for 2018: Accrual-basis Sales for 2018 is: Select one: a. $103 b. $97 c. $105 d. $108 e. $100 Question 5 Not yet answered Points out of 2.00 Flag question 0 qaid=5333496&qu 0 Question text 1 For the BRB Company, all customers pay in advance for the services they will receive and all amounts are entered in Unearned Revenue. During 2018, $192,250 was received in cash from customers. In the December 31, 2018, financial statements, the firm reported $225,500 in Revenue and $43,700 in Unearned Revenue. What was the beginning balance in Unearned Revenue at January 1, 2018? Select one: a. $76,950 b. $10,450 c. $417,750 d. $33,250 e. $97,850 Question 6 Not yet answered Points out of 2.00 Flag question 0 qaid=5333497&qu 0 Question text 1 Mr. Ridge wants to invest a certain sum of money at the end of each year for five years. The investment will earn 10% compounded annually. At the end of the fifth year, he will need a total of $30,000 accumulated. What is his approximate required annual investment? Select one: a. $5,348 b. $4,914 c. $3,726 d. $4,095 Question 7 Not yet answered Points out of 2.00 Flag question 0 qaid=5333498&qu 0 Question text 1 Portland Company wants to invest $1,000 on 1/1/15. The investment will earn 12% compounded semiannually. What will be the approximate investment amount at 12/31/17? Select one: a. $1,340 b. $1,611 c. $1,419 d. $1,191 e. $1,405 Question 8 Not yet answered Points out of 2.00 Flag question 0 qaid=5333499&qu 0 Question text 1 Skagway Company purchases a machine on 1/1/17. The four Annual Payments will be $1,000 each January 1, beginning 1/1/17 through 1/1/20 inclusive. Interest Rate is 5% compounded annually. What is the approximate true cost of the machine? Select one: a. $3,546 b. $3,723 c. $3,329 d. $4,546 Question 9 Not yet answered Points out of 2.00 Flag question 0 qaid=5333500&qu 0 Question text 1 Hyde Park Company opens a savings account and agrees to deposit five $1,000 annual installments beginning one year from the account opening. The computation to determine the value of the account immediately after the fifth deposit is based on the Select one: a. Future Value of Annuity b. Present Value of Annuity c. Future Value of Annuity Due d. Present Value of Annuity Due Question 10 Not yet answered Points out of 2.00 Flag question 0 Question text qaid=5333501&qu 0 1 Janice invests $100,000 in a savings account on 1/1/15. The account pays 5% annual interest through 12/31/18, and 10% thereafter. What is the approximate bank balance on 12/31/20? Select one: a. $147,077 b. $177,150 c. $154,081 d. $205,081 e. $140,073Step by Step Solution
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