Homework Answers
Solution:
Cash to be given = $75000 * Present Value of $1 @8% for 1 period
= $75000 * 0.92593
= $69,445
Add Answer to:
Ready 11/25 i Saved Help Save & Exit Submit Check my work Exercise 10-2A (Algo) Determining...
Exercise 10-2A Determining the present value of a lump-sum future cash receipt LO 10-1 Larry Mattingly...
Exercise 10-2A Determining the present value of a lump-sum future cash receipt LO 10-1 Larry Mattingly turned 20 years old today. His grandfather had established a trust fund that will pay him $82,000 on his next birthday. However, Larry needs money today to start his college education, and his father is willing to help. Mr. Mattingly has agreed to give Larry the present value of the $82,000 future cash inflow, assuming a 10 percent rate of return. (PV of $1...
Larry mattingly Exercise 16-2 Determining the present value of a lump-sum future cash receipt LO 16-1...
Larry mattingly
Exercise 16-2 Determining the present value of a lump-sum future cash receipt LO 16-1 Larry Mattingly turned 20 years old today. His grandfather had established a trust fund that will pay him $72,000 on his next birthday However, Larry needs money today to start his college education, and his father is willing to help. Mr. Mattingly has agreed to give Larry the present value of the $72,000 future cash inflow, assuming a 10 percent rate of return. (PV...
Homework 4--Chapter 15 A Saved Help Save & Exit Submit Check my work Exercise 15-25 (Algo)...
Homework 4--Chapter 15 A Saved Help Save & Exit Submit Check my work Exercise 15-25 (Algo) Lessor; sales-type lease; residual value effect on financial statements [LO15-2, 15-6] 1.66 points eBook At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $35,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2028. The equipment was acquired recently by Crescent at...
h09A Chapter 9A Homework A Saved Help Save & Exit Submit Check my work Your father...
h09A Chapter 9A Homework A Saved Help Save & Exit Submit Check my work Your father offers you a choice of $130,000 in 12 years or $46,000 today. a-1. If money is discounted at 9 percent, what is the present value of the $130,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) points Present value eBook Hint a-2. Which offer should you choose? Print $46,000 today $130,000 in 12 years References b-1. Now assume the...
Chap 2 HW (graded) Help Save & Exit Submit Check my work E2-5 (Algo) Determining Financial...
Chap 2 HW (graded) Help Save & Exit Submit Check my work E2-5 (Algo) Determining Financial Statement Effects of Several Transactions LO 2-1, 2-3 Cannon Sporting Goods is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value. points ebook Hint a. Purchased additional buildings for $178 and equipment for $280: paid $404 in cash and signed a long-term note...
Chapter 15 Homework i Saved Help Save & Exit Submit Brief Exercise 15-5 (Algo) Finance lease...
Chapter 15 Homework i Saved Help Save & Exit Submit Brief Exercise 15-5 (Algo) Finance lease lessee income statement effects (LO15-2] 2 A lease agreement that qualifies as a finance lease calls for annual lease payments of $20,000 over a five-year lease term (also the asset's useful life), with the first payment at January 1, 2021, the beginning of the lease. The interest rate is 5%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of...
Homework #12 -Chapter #13 i Submit Saved Help Save & Exit Check my work Derrick Iverson...
Homework #12 -Chapter #13 i Submit Saved Help Save & Exit Check my work Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's return on investment (ROI), which has been above 20% each of the last three years. Derrick is considering a capital budgeting project that would require a $3,300,000 investment in equipment with a useful life of five years and no salvage value. Holston Company's discount rate is 17%....
Chapter 2 Homework i Saved Help Save & Exit Submit Check my work mode : This...
Chapter 2 Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 0.5 points A. Economic resources to be used or turned into cash within one year. B. Reports assets, liabilities, and stockholders' equity. c. Decrease assets; increase liabilities and stockholders' equity. ssets; decrease liabilities and stockholders' equity. E. An exchange or event that...
Help Save & Exit Submit Check my work B0 Problem 11-2A LO C3, P2, P3 Sanchez...
Help Save & Exit Submit Check my work B0 Problem 11-2A LO C3, P2, P3 Sanchez Company reports the following components of stockholders' equity on January 1 Common stock-$10 par value, 120,00 shares authorized, se,eee shares issued and outstanding Pald-in capital in excess of par value, common stock Retained earnings s se0,000 75,000 410,000 Total stockholders equity During the vear, the following transactions affected its stockholders equity accounts Jam Jan. Feb July Aug. Sept. 5 Directors declared a $2 per...
Chapter 15 Homework i Saved Help Save & Exit Submit Exercise 15-14 (Algo) Lessor; operating lease;...
Chapter 15 Homework i Saved Help Save & Exit Submit Exercise 15-14 (Algo) Lessor; operating lease; effect on financial statements [LO 15-4) 6 1.5 points At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $30,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2028. The equipment was acquired recently by Crescent at a cost of $225,000 (its...
Exercise 10-2A Determining the present value of a lump-sum future cash receipt LO 10-1 Larry Mattingly turned 20 years old today. His grandfather had established a trust fund that will pay him $82,000 on his next birthday. However, Larry needs money today to start his college education, and his father is willing to help. Mr. Mattingly has agreed to give Larry the present value of the $82,000 future cash inflow, assuming a 10 percent rate of return. (PV of $1...
Larry mattingly
Exercise 16-2 Determining the present value of a lump-sum future cash receipt LO 16-1 Larry Mattingly turned 20 years old today. His grandfather had established a trust fund that will pay him $72,000 on his next birthday However, Larry needs money today to start his college education, and his father is willing to help. Mr. Mattingly has agreed to give Larry the present value of the $72,000 future cash inflow, assuming a 10 percent rate of return. (PV...
Homework 4--Chapter 15 A Saved Help Save & Exit Submit Check my work Exercise 15-25 (Algo) Lessor; sales-type lease; residual value effect on financial statements [LO15-2, 15-6] 1.66 points eBook At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $35,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2028. The equipment was acquired recently by Crescent at...
h09A Chapter 9A Homework A Saved Help Save & Exit Submit Check my work Your father offers you a choice of $130,000 in 12 years or $46,000 today. a-1. If money is discounted at 9 percent, what is the present value of the $130,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) points Present value eBook Hint a-2. Which offer should you choose? Print $46,000 today $130,000 in 12 years References b-1. Now assume the...
Chap 2 HW (graded) Help Save & Exit Submit Check my work E2-5 (Algo) Determining Financial Statement Effects of Several Transactions LO 2-1, 2-3 Cannon Sporting Goods is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value. points ebook Hint a. Purchased additional buildings for $178 and equipment for $280: paid $404 in cash and signed a long-term note...
Chapter 15 Homework i Saved Help Save & Exit Submit Brief Exercise 15-5 (Algo) Finance lease lessee income statement effects (LO15-2] 2 A lease agreement that qualifies as a finance lease calls for annual lease payments of $20,000 over a five-year lease term (also the asset's useful life), with the first payment at January 1, 2021, the beginning of the lease. The interest rate is 5%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of...
Homework #12 -Chapter #13 i Submit Saved Help Save & Exit Check my work Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's return on investment (ROI), which has been above 20% each of the last three years. Derrick is considering a capital budgeting project that would require a $3,300,000 investment in equipment with a useful life of five years and no salvage value. Holston Company's discount rate is 17%....
Chapter 2 Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 0.5 points A. Economic resources to be used or turned into cash within one year. B. Reports assets, liabilities, and stockholders' equity. c. Decrease assets; increase liabilities and stockholders' equity. ssets; decrease liabilities and stockholders' equity. E. An exchange or event that...
Help Save & Exit Submit Check my work B0 Problem 11-2A LO C3, P2, P3 Sanchez Company reports the following components of stockholders' equity on January 1 Common stock-$10 par value, 120,00 shares authorized, se,eee shares issued and outstanding Pald-in capital in excess of par value, common stock Retained earnings s se0,000 75,000 410,000 Total stockholders equity During the vear, the following transactions affected its stockholders equity accounts Jam Jan. Feb July Aug. Sept. 5 Directors declared a $2 per...
Chapter 15 Homework i Saved Help Save & Exit Submit Exercise 15-14 (Algo) Lessor; operating lease; effect on financial statements [LO 15-4) 6 1.5 points At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $30,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2028. The equipment was acquired recently by Crescent at a cost of $225,000 (its...
Most questions answered within 3 hours.
-
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 33 minutes ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 1 hour ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 1 hour ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 1 hour ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 1 hour ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 2 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 2 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 2 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 3 hours ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 2 hours ago -
In doing an allocation for a basket purchase
Use the individual costs and the total market...
asked 3 hours ago -
what were the social political and economic causes and impacts of
the late 19th century urban...
asked 3 hours ago