Question 28 of 50 - 16 View Policies Current Attempt in Progress Blossom Manufacturing Company expects the following sales in January, February, and Marche January February March Cash Sales $50600 $46600 $86000 Credit Sales $251500 $245000 $323000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March? $365875 $409000 $353300 $279875 Question 26 of 50 -16 View Policies Current Attempt in Progress James Smith will deposit $17900 into an account today that earns 8% per year compounded annually. Using the following factors what is the amount that will be in the account at the end of the 4 years? Type of Cash Flow PV of $1 FV of $1 PV ordinary annuity FV ordinary annuity PV annuity due Periods Interest Rate Factor 4 8% 0.7350 4 8% 1.3605 8% 3.3121 4 8% 4,5061 4 8% 3.5771 4 O $12176 $26313 $13157 $24353 Question 25 of 50 -/6 E View Policies Current Attempt in Progress Crane, Inc. is considering the purchase of a warehouse directly across the street from its manufacturing plant. Crane currently warehouses its inventory in a public warehouse across town. Rent on the warehouse and delivering and picking up inventory cost Crane $49920 per year. The building will cost Crane $468000. Crane will depreciate the building for 20 years. At the end of 20 years, the building will have a $130000 salvage value. Crane's required rate of return is 10% Click here to view the factor table Using the present value tables, the building's net present value is (round to the nearest dollar) O $998400. $444317 $-23683 0 $-6919 APPENDIX 9.1 Present value of $1 received in n periods. 4% 6% 8 13% 14% Periods 1 2 3 4 5 0.9615 0.9246 8890 0.8548 0.8219 5% 0.9524 0.9070 0.8638 0.8227 0.7835 0.9434 0.8900 0,8096 0.7921 0.7473 7% 09346 0.8734 0.163 0.7629 0.7130 0.9250 0.873 0.7938 0.7350 0.6806 99% 104 0.9174 0.9091 08417 0.8264 0.7722 0.7513 0.7084 0.6830 0.6199 0.6209 0.9009 0.8116 0.7312 0.6587 0.5935 0.8929 0.7972 0.7118 0,6355 0.5674 0.00 0.7831 0.6931 06133 050 0.8772 07695 0.670 0.5921 0.5194 16% 1896 20% 0.8621 0.8475 0.8333 0.7432 0.7182 06944 06-07 0.60 0.5787 0.5523 0.5158 0.4821 0.4761 0.4371 0.4079 0.4556 6 7 8 9 10 0.7903 0.7462 0.7050 0666306302 0.7599 0.7107 0.6651 0.6222 0.5835 0.7307 116768 0.6274 0.5820 0.5403 0.7026 0.6446 0.5919 0.5439 0.002 0.6756 0.6139 0.5584 OSOK 04632 0.596305645 0.5470 05132 O 019 04665 0.460 0.4341 0.4234 03855 0.5346 0.4817 04139 0.5066 0.4523 01039 0106 000 0.4803 0.4251 0.2763 01.29 0.09.16 0.1996 0.3500 0.75 0.2007 0.4101 015 0.030 MO 0.2207 0.3704 0.11.09 0319 012791 0.2660 0.2226 0.225 0.1935 0.1911 0.1615 660 LESED 11 12 13 14 15 0.6196 0.6246 0.0006 0.5775 0.5553 0.547 0.5268 0.550 0.4970 US103 0.66 OSOS 04423 0.4810 04173 04751 0.429 D. 75 0.350 0313 0.440 1971 0.3555 03186 0:25 0415003677 0.3262 0207 0.2575 0.17 0.3405 0.2992 02633 0200 03024 0.3152 0.2745 0.2394 0.2090 0275 2007 0.2366 0.2562 0.2307 02076 0.2292 0201201821 0.6 INOY 0.1997 127 0.1999 0.1401 0,1954 0.1619 0.16 0.1922 0.1452 0.1103 0.1252 0.005 0.1029 0,0835 01146 0.1122 0.0935 0.0779 0.0649 16 17 18 19 20 0.5339 0.5134 0.49% 0.4746 0.4566 0.45810.3936 0.3387 0.4363 0.3714 0.3166 0.4155 0.3503 0.2959 0.3957 0.3305 02755 0.3769 0.3118 0.254 0.2919 02519 0_2703 02:11 0250202120 0.2017 0.1945 0.2145 0,1784 02176 DINN 0.1978 0.1696 0.1799 01528 0.1615 0.1377 16 0.1340 0.1631 0.1456 0-1300 0.1161 0.10.17 0.1415 0.1232 TION 001 OLUN 0.12.20 0.0930 0107 0.00 0.06 0.0001 0,020 0.0426 0.0728 0.0514 0.008 0.05.11 0.0000 00151 0.05 0.0376 00431 0.0313 0.0165 0.0.261 15 PV (1 + Y
