$1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and $3,300 is received at the beginning of year 3
If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is ________.
A) $ 6,700
B) $17,072
C) $12,510
D) $ 8,142
D
You might also like to view...
How do manufacturing firms adjust the overapplied or underapplied factory overhead account at the end of an accounting period?
What will be an ideal response?
Gloria ________ swim faster than anyone else on the team
a. can b. may
Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2Year 1Current assets: Cash$160 $100 Accounts receivable, net 190 190 Inventory 140 130 Prepaid expenses 90 90 Total current assets$ 580 $ 510 Current liabilities: Accounts payable$200 $180 Accrued liabilities 30 30 Notes payable, short term 90 80 Total current liabilities$ 320 $ 290 Sales on account during the year totaled $1,200 thousand. Cost of goods sold was $800 thousand.Required:Compute the following for Year 2:a. Working capital.b. Current ratio.c. Acid-test (quick) ratio.d. Accounts receivable turnover.e. Average collection period.f. Inventory turnover.g. Average sale period.
What will be an ideal response?
A distinct characteristic of the functional structure is that few employees in the functional organization have direct contact with customers or even a clear idea of how their work combines with the work of others to satisfy customers
a. True b. False Indicate whether the statement is true or false