The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is ________
A) $11,808
B) $11,464
C) $ 8,530
D) $10,000
B
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eBay Inc is an online auction and shopping company. Procter & Gamble is an American multinational corporation that manufactures a wide range of consumer goods. Both companies sell their products online
How are these companies different from a marketing channel perspective?
The Lawrence Company records its trade accounts payable net of any cash discounts. At the end of 2016, Lawrence had a balance of $300,000 in its trade accounts payable account before any adjustments related to the following items: 1. Goods shipped to Lawrence FOB shipping point were in transit on December 31. The invoice price of the goods was $50,000, with a 2% discount allowed for prompt
payment. 2. Goods shipped to Lawrence FOB destination on December 29 arrived on January 2, 2017. The invoice price of the goods was $9,000, with a 4% discount allowed for payment within 20 days. 3. On December 10, Lawrence had recorded a shipment received. The recorded invoice price was $24,750, net, with a 1% discount allowed for payment within 14 days. At the end of the year, payment had not been made. At what amount should Lawrence report trade accounts payable on its December 31, 2016 balance sheet? A) $349,000 B) $349,250 C) $357,680 D) $357,930
“BILL” stands for ______.
A. Big Idea at Long Last B. Big Idea a Little Later C. Best Idea a Lot Later D. Big Idiom a Little Later
Clint contests the amount of a bill he received from Car Care Specialists. Under the Restatement, settlement of the claim:
a. is not valid consideration. b. is not a legal detriment to Clint if his contentions were not made in good faith. c. is valid consideration if at the time of the settlement the claim was doubtful because of uncertainty as to the facts. d. does not involve a disputed debt unless Clint contests both the existence of the obligation and the amount of the bill.