The use of a Sales Discounts Forfeited account implies that the recorded amount of Sales Revenue is: Select one: O a. Retail price O b. Retail price plus the sales discount amount, when taken c. Retail price plus the sales discount amount, whether or not taken O d. Retail price less the sales discount allowable, when taken Oe. Retail price less the sales discount allowable, whether or not taken Starting 1/1/14 and continuing each January 1 for four additional years, Case Corporation will deposit $10,000 in an account that will initially earn interest at a rate of 5% credited each year on December 31. After the last deposit is made on 1/1/18, the account will earn 10% interest. What will be the approximate amount of the investment fun on December 31, 2020? Select one a $ 66,860 b. 560,782 O c $67,012 d. $70.363 O. 573.546 Sharon Walsh has developed an educational software package. She agrees to sell the patent to Pensca for five annual payments of $50,000 each. The payments are to begin three years from today. Given an annual rate of 8%, what is the approximate present value of the five payments? Select one a $199,635 b. $184,848 O c5158.477 d. $171.155 O e $369,511 On January 1, 2015, Oxford Company finished consultation services and accepted in exchange a promissory note with a face value of $500,000 and a due date of December 31, 2017. The stated rate of interest is 10% with interest receivable at the end of each year through 12/31/17. Assume an effective interest rate of 5% is implicit in the agreed upon price. The effective amortization method is used Oxford's journal entry on 1/1/15 will record approximately what amount of service revenue? Select one a $500,000 b. 5450,000 O c 5562.171 d. 5437.829 O e 5568,081