The future value of a $10,000 annuity due deposited at 12 percent compounded annually for each of the next 5 years is ________.
A) $36,050
B) $63,528
C) $40,376
D) $71,152
D) $71,152
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Kata Company uses the allowance method. On May 1, Kata wrote off a $22,000 customer account balance when it becomes clear that the particular customer will never pay. The journal entry to record the write-off on May 1 would include which of the following?
A. Debit to Bad Debt Expense and credit to Allowance for Doubtful Accounts. B. Debit to Allowance for Doubtful Accounts and credit to Accounts Receivable. C. Debit to Accounts Receivable and credit to Allowance for Doubtful Accounts. D. Debit to Allowance for Doubtful Accounts and credit to Bad Debt Expense.
The major difference in the Statement of Retained Earnings between a service business and a merchandising business is:
A) that the Retained Earnings statement of a service business includes Dividends. B) that the Retained Earnings statement of a merchandising business includes Dividends. C) that the Retained Earnings statement of a merchandising business shows the Cost of Goods Sold. D) nothing. There are no differences between the two.
Since 1927 the worst 20-year performance for stocks was a ____ of ____ percent
a. gain; 1 b. loss; 43 c. gain; 3 d. loss; 66
A firm can change its beta through managerial decisions, including capital budgeting and capital structure decisions
a. True b. FalseIndicate whether the statement is true or false