What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $2,400 at the end of Year 4 if the interest rate is 5%?
A. $7,464.66
B. $9,952.87
C. $8,858.06
D. $12,341.56
E. $10,848.63
Answer: B
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[APPENDIX] Stockton Corporation has made an accounting entry to record deferred taxes as a liability resulting from temporary differences between accounting income and taxable income. Which of the following statements is true?
a. Deferred tax will be decreased. b. Stockholders' equity will be increased. c. Stockholders' equity will be decreased. d. Assets will be decreased.
Pecan Inc. produces water valves. Overhead costs have been identified as follows: Activity PoolCostActivity DriverActivityQuality control$55,500Number of inspections185Material maintenance$87,400Number of machine hours19,000Setups$75,000Number of production runs60 Pecan makes 3 models of valves with the following details: ?EconomyStandardPremiumUnits produced20,00040,0007,000Number of inspections540140Machine hours4,50012,0002,500Production runs52035Required: a. Calculate the activity rate for each activity. b. Determine the amount of indirect costs assigned to each of the products.
What will be an ideal response?
______ believes every human has inherent dignity and has human rights.
A. UN Declaration of Human Rights B. The Caux Principles C. Moral foundations theory D. UN Global Compact
Which one of the following below would not be classified as an operating activity?
A) interest expense B) income taxes C) payment of dividends D) selling expenses