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Randy Comply purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the certificate of deposit be

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Randy Comply purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the certificate of deposit be worth at the end of five years if interest is compounded at an annual rate of 9%? A. $855, 723. B. $142, 985. C. $319,000. D. $338, 496. How much must be invested now at 9% interest lo accumulate to $10,000 in five years? A. $9.176. B $6, 499 C. $5, 500 D. $5, 060 For a typical manufacturing company, the most common critical point for recognizing revenue is the date: A. An order is received. B. Production is completed. C. The product is delivered. D. Payment hits the bank. Quanbin Associates has sold a good to a buyer and wants to recognize revenue. Which of the following is an indicator that control of a good has passed from Quanbin to the buyers? A. Buyer has scheduled delivery. B. Buyer has a strong credit history, such that bad debts are reasonably estimable. C. Buyer has not scheduled delivery. D. Buyer has assumed the risk and rewards of ownership

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