Question
In: Accounting
Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round...
Complete the following using present value. (Use the Table
provided.) (Do not round intermediate calculations. Round
the "PV factor" to 4 decimal places and final answer to the nearest
cent.)
| Amount desired at end of period | Length of time | Rate | Compounded | On PV Table | PV factor used | PV of amount desired at end of period | |
| Period used | Rate used | ||||||
| $10,700 | 4 years | 12% | Monthly | % | $ | ||
Solutions
Expert Solution
|
Amount desired at end of period |
Length of time |
Rate |
Compounded |
On PV Table |
PV factor used |
PV of amount desired at end of period |
|
|
Period used |
Rate used |
||||||
|
$10,700 |
4 years |
12% |
Monthly |
48 [4 years x 12 months each year] |
1% [12% annual interest x 1month/12months] |
0.6203 [1/(1.01)48] |
$6,637 [10700 x 0.6203] |
ekkarill92 answered 2 years agoRelated Solutions
Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round...
Complete the following using present value. (Use the Table
provided.) (Do not round intermediate calculations. Round the "PV
factor" to 4 decimal places and final answer to the nearest cent.)
Amount desired at end of period Length of time Rate Compounded On
PV Table PV factor used PV of amount desired at end of period
Period used Rate used $10,700 4 years 12% Monthly % $
Complete the following using present value. (Use the Tableprovided.) (Do not round intermediate calculations. Round...
Complete the following using present value. (Use the Table
provided.) (Do not round intermediate calculations. Round
the "PV factor" to 4 decimal places and final answer to the nearest
cent.)Amount desired at end of periodLength of timeRateCompoundedOn PV Table 12.3PV factor usedPV of amount desired at end of periodPeriod usedRate used$18,1005 years24%Quarterly%$
Complete the following table: (Use Table 15.1) (Do not round intermediate calculations. Round your answers to...
Complete the following table: (Use Table 15.1) (Do not
round intermediate calculations. Round your answers to the nearest
cent.)
First
Payment
Broken Down Into—
Selling
price
Down payment
Amount
mortgage
Rate
Years
Monthly
payment
Interest
Principal
Balance at end of month
$150,000
$30,000
$120,000
7%
30
$
$
$
$
For each of the following, compute the present value: (Do not round intermediate calculations and round...
For each of the following, compute the present value:
(Do not round intermediate calculations and round your
answers to 2 decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future Value
$
11
5
%
$
17,828
3
10
42,017
15
13
795,382
20
12
652,816
Complete the following using present value. (Use the Table provided.)
Complete the following using present value. (Use the Table provided.)
For each of the following, compute the future value: (Do not round intermediate calculations and round...
For each of the following, compute the future value: (Do
not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future Value
$
2,450
10
13
%
$
9,853
23
8
103,305
17
6
241,382
33
4
For each of the following, compute the future value: (Do not round intermediate calculations and round...
For each of the following, compute the future value: (Do
not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future
Value
$
1,850
11
13
%
$
7,952
7
9
68,355
14
12
175,796
8
6
Using the table below create SinCo's Income Statement for 2013 and 2014.(Do not round intermediate calculations....
Using the table below create SinCo's Income Statement for 2013
and 2014.(Do not round intermediate calculations. Round
your answer to 2 decimal places.)
2017
2018
Revenue
$4,000
4053
Cost of Good Sold
1,600
1,702
Depreciation
500
505
Inventory
300
352
SG&A
500
545
Interest Expenses
150
160
Common Stock and
Paid-in Capital
2,200
2,200
Federal and State Taxes
(35% of EBT)
400
Accounts Payable
300
315
Accounts
Receivable
400
437
Net Fixed Assets
5,000
5269
Retained Earnings
(Balance Sheet)
1,000...
Using the table below create SinCo's Income Statement for 2013 and 2014.(Do not round intermediate calculations....
Using the table below create SinCo's Income Statement for 2013
and 2014.(Do not round intermediate calculations. Round
your answer to 2 decimal places.)
2013
2014
Revenue
$4,000
5252
Cost of Good Sold
1,600
2,101
Depreciation
500
524
Inventory
300
335
SG&A
500
534
Interest Expenses
150
175
Common Stock and
Paid-in Capital
2,200
2,200
Federal and State Taxes
(35% of EBT)
400
Accounts Payable
300
354
Accounts
Receivable
400
424
Net Fixed Assets
5,000
4962
Retained Earnings
(Balance Sheet)
1,000...
Complete the following using the present value table 12.3.
Complete the following using the present value table
12.3.amount desired at end of period, length of time, rate,
compounded.On PV table 12.3period used, rate used, pv factor used, pv of amount desired at end
of period. 12-10. $20,000 20 years 8% Annually
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