perellon vo PVSS for 10 periods: 46319 of 53.000.000 FVSS for 10 periods: 2.15892 PVA for 10 periods: 6.71008 ta FVA for 10 periods: 14.48656 tars, wech 550 mount in 16 1 a. 000 00878 $192,931. $150,537 b. C. $217,404. Uploss 000,000 d. $306,709. 000.00 1.000.000 abitluits prus opfam to incoluritionau 6. A machine is purchased by making payments of $11,000 at the beginning of each of the next five years. The interest rate is 10%. The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine? a. $45,869 b. $73,672 C C. $41,699 d $67,156 7. Travel Vibes, Inc. had net sales (all on account) in 2022 of $600,000. At December 31, 2022, before adjusting entries, the balances in selected accounts were: accounts receivable $900,000 debit, and allowance for doubtful accounts $1,500 debit. Travel Vibes, Inc. estimates that 3% of its gross accounts receivable will prove to be uncollectible. What is the net realizable value of the receivables reported on the financial statements at December 31, 2022? a. $582,000 2 b. $882,000 C. $876,000 d. $873,000 The 8. Assuming there are no positive cash balances at the same bank, which of the following statements is true with respect to reporting bank overdrafts, if material, on the balance sheet? A. A bank overdraft should be reported as a deduction in the current asset section. B. A bank overdraft should be included in the investments section. C. A bank overdraft should be reported as a current liability. D A bank overdraft should be netted against positive cash balances at other banks 9. Rabblerouser Inc. loaned $386,090 to Doubletrouble & Co. and accepted a 3 year, $500,000 non-interest bearing note. The implicit interest rate for this type of transaction is 10%. The PVSS for 10% and 3 periods is .77218. The journal entry on Rabblerouser's books would include a debit of: a. Cash, $500,000. b. Notes Receivable, $500,000 C. Discount on Notes Receivable, $113,910. d. Notes Receivable, $386,090. 10. In preparing its bank reconciliation for the month of April 2022, Plumeria, Inc. has the following information available. Balance per bank statement, 4/30/22 NSF check returned with 4/30/22 bank statement $22,250 350 Deposits in transit, 4/30/22 Outstanding checks, 4/30/22 4,500 3,120 Bank service charges for April 20 What should be the correct balance of cash at April 30, 2022? a. $23,630 b. $23,280 C. $23.610 d. $26,750 totalm itiona
