Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Present and future value tables of $1 at 9% are presented below. 1 | PV of $1 | EV of $1 | PVA of $1

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Present and future value tables of $1 at 9% are presented below. 1 | PV of $1 | EV of $1 | PVA of $1 | EVAD of $1 | EVA of $1 0.91743 1.09060I .91743 1.0900 1. 2 .84168 1.18810T 1.75911 2.2781 . 2.09 3 .77218T 1.29503 2.53129 | 3.5731 3.2781 4T .70843 1.41158 3.23972 4.9847 | 4.5731 5 I 0.64993 1.53862 | 3.88965 6.5233T 5.9847 6 .59627I 1.67710 4.48592 8.2004 T 7.5233 How much must be deposited at the beginning of each year to accumulate to $25.000 in two years if interest is at 9%? Multiple Choice Present and future value tables of $1 at 3% are presented below. N F V $1 PV 51 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1. e3eee 0.97087 1. eeee 2.97087 1.e3ee 1. eeeee 2 1.06090 .94260 2.e3ee 1.91347 2.090 1.97887 3 1.09273 0.91514 3.0989 2.82861 3.1836 2.91347 4 1.12551 0.88849 4.1836 3.71710 4.3091 3.82861 5 1.15927 0.862615 .30914.57971 5.4684 6 1.19405 0.83748 6.46845.417196 .6625 5.57971 7 1.229870 .81309 7.6625 6.23028 7.89236.41719 8 1.26677 0.78941 8 .8923) 7.01969 9.1591 7.23028 9 1.36477 0.76642 10.15917.78611 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12.8e78 9.25262 1 3. 1920 9.53020 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.25262 13 1.46853 0.68095 15.6178 10.63496 16.0863 10.954ee 14 1.51259 0.66112 17.2863 11.29687 17.5989 11.63496 151.55797 .64186 18.5989 11.93794 19.1569 12.29607 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $100,000 four years from now. How much must Shane deposit to accomplish his goal? company understated its ending inventory In Year 1 by $25,000 and also understated its ending Inventory In Year 2 by $20.000. Neither error was discover "ear 3. As a result, of these two errors, gross profit for Year 2 was: Multiple Choice o Understated by $45,000 Overstated by $5,000 Overstated by $25,000 Understated by $20,000 Masterlink Co, in applying the lower of cost or market method, reports its inventory at net realizable value Which of the following statements is correct? Multiple Choice Costis greater than not realizable value C ) Cost is less than NRV minus a normal profit margin NRV is greater than replacement cost Cost is less than netreble value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Contrast cost-based pricing and valuebased pricing.

Answered: 1 week ago

Question

Organizing Your Speech Points

Answered: 1 week ago