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Waterway Industries will invest $760000 today. The investment will earn 10% for 6 years, with no funds withdrawn. In 6 years, the amount in the
Waterway Industries will invest $760000 today. The investment will earn 10% for 6 years, with no funds withdrawn. In 6 years, the amount in the investment fund is O $760000. O $1216000. $1346386. O $1348458. Coronado Industries will receive $1700000 in 6 years. If the appropriate interest rate is 12%, the present value of the $1700000 receipt is O $867000. O $861271. O $2567000. O $3355494. Bramble Corp. will invest $102000 every December 31st for the next six years (2020-2025). If Bramble will earn 10% on the investment, what amount will be in the investment fund on December 31, 2025? $865690. $444236 $488663. $786992. Concord Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $20000. During 2020, it wrote off $15100 of accounts and collected $4360 on accounts previously written off. The balance in Accounts Receivable was $400000 at 1/1 and $550000 at 12/31. At 12/31/20, Concord estimates that 6% of accounts receivable will prove to be uncollectible. What should Concord report as its Allowance for Doubtful Accounts at 12/31/20? $33000. $22260. $9260. $17900
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