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Question 15 2 pt On January 15, 2012, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2016. at an
Question 15 2 pt On January 15, 2012, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2016. at an estimated cost of $5,000,000. Dolan plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1, 2012. Future value factors are as follows: Future value of 1 at 10% for 5 periods 1.61 Future value of ordinary annuity of 1 at 10% for 4 periods 4.64 Future value of annuity due of 1 at 10% for 4 periods 5.11 Dolan should make four annual deposits of $978,474 $889.522 $1.077,586. $1.250.000 2 Question 16 inf sinn at the end of each of five years. The The following information pertained to Azur Co for the year: Purchases 102,800 Purchase Discounts 10,280 Freight in 15,420 Freight out 5,140 Beginning Inventory 30,840 Ending Inventory 20,560 What amount should Azur report for Cost of Goods Sold for the year? $118,220. $123,360. $102.800. $128.500. Question 15
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