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Required information One Product Corp. (OPC) incorporated at the beginning of last year. The balances on its post-closing trial balance prepared on December 31, at
Required information One Product Corp. (OPC) incorporated at the beginning of last year. The balances on its post-closing trial balance prepared on December 31, at the end of its first year of operations, were $19,780 8,350 1,065 14,580 1,960 46,600 4,560 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Sales Tax Payable FICA Payable Withheld Income Taxes Payable Salaries and Wages Payable Unemployment Tax Payable Deferred Revenue Interest Payable Note Payable (long-term) Common Stock Additional Paid-In Capital, Common Retained Earnings Treasury Stock 500 600 500 1,600 300 4,500 536 23,800 18,500 19,745 18,740 4,000 10. Use present value tables to show how the total bond issuance proceeds of $97,704 were determined in item 17 by calculating the present value of (a) the $108,000 face value and (b) the annual interest payments 11. Rather than issue bonds to obtain cash for purchasing new equipment, OPC could have saved up and invested cash over several years. If OPC can earn 7 percent interest compounded annually, what single lump sum would it have to invest now to reach $116,000 in three years? 2. Instead of investing one large amount of cash, OPC could invest equal amounts over the next three years. If OPC can earn 7 percent interest compounded annually, how much cash would OPC need to invest equally at the end of each of the next three years to have saved $116,000? (For all requirements, Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.) Future Value of $1 Complete this question by entering your answers in the tabs below Required 10 Required 11 Required 12 Use present value tables to show how the total bond issuance proceeds of $97,704 were determined in item 17 by calculating the present value of (a) the $108,000 face value and (b) the annual interest payments. Table values based on n E Present value of $108,000 face value Present value of $108,000 annuity Total Rather than issue bonds to obtain cash for purchasing new equipment, OPC could have saved up and invested cash over several years. If OPC can earn 7 percent interest compounded annually, what single lump sum would it have to invest now to reach $116,000 in three years? Table Function: Future Value: Present Value Instead of investing one large amount of cash, OPC could invest equal amounts over the next three years. If OPC can earn 7 percent interest compounded annually, how much cash would OPC need to invest equally at the end of each of the next three years to have saved $116,000? Table Function: Future value i- Annuity payments Required information One Product Corp. (OPC) incorporated at the beginning of last year. The balances on its post-closing trial balance prepared on December 31, at the end of its first year of operations, were $19,780 8,350 1,065 14,580 1,960 46,600 4,560 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Sales Tax Payable FICA Payable Withheld Income Taxes Payable Salaries and Wages Payable Unemployment Tax Payable Deferred Revenue Interest Payable Note Payable (long-term) Common Stock Additional Paid-In Capital, Common Retained Earnings Treasury Stock 500 600 500 1,600 300 4,500 536 23,800 18,500 19,745 18,740 4,000 10. Use present value tables to show how the total bond issuance proceeds of $97,704 were determined in item 17 by calculating the present value of (a) the $108,000 face value and (b) the annual interest payments 11. Rather than issue bonds to obtain cash for purchasing new equipment, OPC could have saved up and invested cash over several years. If OPC can earn 7 percent interest compounded annually, what single lump sum would it have to invest now to reach $116,000 in three years? 2. Instead of investing one large amount of cash, OPC could invest equal amounts over the next three years. If OPC can earn 7 percent interest compounded annually, how much cash would OPC need to invest equally at the end of each of the next three years to have saved $116,000? (For all requirements, Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.) Future Value of $1 Complete this question by entering your answers in the tabs below Required 10 Required 11 Required 12 Use present value tables to show how the total bond issuance proceeds of $97,704 were determined in item 17 by calculating the present value of (a) the $108,000 face value and (b) the annual interest payments. Table values based on n E Present value of $108,000 face value Present value of $108,000 annuity Total Rather than issue bonds to obtain cash for purchasing new equipment, OPC could have saved up and invested cash over several years. If OPC can earn 7 percent interest compounded annually, what single lump sum would it have to invest now to reach $116,000 in three years? Table Function: Future Value: Present Value Instead of investing one large amount of cash, OPC could invest equal amounts over the next three years. If OPC can earn 7 percent interest compounded annually, how much cash would OPC need to invest equally at the end of each of the next three years to have saved $116,000? Table Function: Future value i- Annuity payments
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