FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The rate of earnings is 6% and the cash to be received in 4 years is $81,183. The present value amount, using the following partial

image text in transcribed

The rate of earnings is 6% and the cash to be received in 4 years is $81,183. The present value amount, using the following partial table of present value of $1 at compound interest is (round to two decimal points). Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 a. $64,296.94 b. $68,193.72 c. $55,447.99 d. $51,632.39

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_2

Step: 3

blur-text-image_3

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

Core Concepts Of Accounting

Core Concepts Of Accounting

Authors: Leslie K. Breitner, Robert N. Anthony

10th Edition

0136029442, 9780136029441

More Books

Students also viewed these Accounting questions

Question

★★★★★
List the steps necessary to measure and record a corporations current and deferred income taxes.

Answered: 1 week ago

Question

★★★★★
How is associative memory like a spider web?

Answered: 1 week ago

Question

★★★★★
Use the data given in Table 6.13 on smokeless tobacco use and dental caries to (a) Compute an estimate of the odds ratio of developing tooth caries due to the risk factor uses smokeless tobacco. (b)...

Answered: 1 week ago

Question

★★★★★
Required a. In parallel columns, list the accounts that would be debited and credited for each of the following unrelated transactions: (1) Acquired cash from the issue of common stock. (2) Provided...

Answered: 1 week ago

Question

★★★★★
ASU math alek placement test

Answered: 1 week ago

Question

★★★★★
1. Your company has 1 million shares outstanding. You pay an annual dividend of $5 per share and the next dividend is due today. The required rate of return on your equity (stock) is 10% per year. If...

Answered: 1 week ago

Question

★★★★★
How can Apple\'s HR department promote the success of its program of stock grants? 2 . If you worked in Apple\'s HR department, what kind ( s ) of individual incentives would you use? Would these be...

Answered: 1 week ago

Question

★★★★★
you must process 3 jobs on 3 machines ( provide the machine routing and processing time as you wish ) a ) create a semi active schedule that is not active b ) create a active schedule

Answered: 1 week ago

Question

★★★★★
Create a Report: Include 5-7 content specific paragraphs that outline the various computer security risks and how the risks attack your system and data. Include methods to protect your system from...

Answered: 1 week ago

Question

★★★★★
( a ) Explicitly state the wastes that you see in the U - profile in Part 3 . State if the process is balanced or not. Briefly discuss the effects of the wastes on production, revenue, and profit.

Answered: 1 week ago

Question

★★★★★
Referring to KMART Transaction Process, please help me to figure out these question - Based on your experience with the process, identify an improvement opportunity. Adjust your process model,...

Answered: 1 week ago

Question

★★★★★
You are offered a great job, but you have to relocate to a distant city. Your family agrees that the decision is yours to make, but you know they do not want to move. What do you do?

Answered: 1 week ago

Question

★★★★★
Your personal relationships: Are you closely connected to your family? Who are your friends?

Answered: 1 week ago

Question

★★★★★
3. When asked for advice for future entrepreneurs, Vickie Stringer said, Be patient, allow room for growth, build your company on a strong accounting system, and as always, dare to dream. How does...

Answered: 1 week ago

Previous Question Next Question