Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses.

Additional Information on Current Year Transactions

1. The loss on the cash sale of equipment was $24,125 (details in b).
2. Sold equipment costing $103,875, with accumulated depreciation of $49,125, for $30,625 cash.
3. Purchased equipment costing $115,375 by paying $68,000 cash and signing a long-term note payable for the balance.
4. Borrowed $5,900 cash by signing a short-term note payable.
5. Paid $59,625 cash to reduce the long-term notes payable.
6. Issued 4,400 shares of common stock for $20 cash per share.
7. Declared and paid cash dividends of $53,900.

The following selected information is from Company A's Year 2 and Year 3 financial statements:

The company uses the balance-sheet approach to calculate the allowance for uncollectible accounts. The company estimates that 4% of its gross accounts receivable will become uncollectible. During Years 2 and 3, no accounts previously written off became payable.

Complete Company A's balance sheet using the information above. Enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. Round all amounts to the nearest dollar. If no entry is necessary, enter a zero (0).

A stock has had the following year-end prices and dividends: Year Price Dividend 0 $ 14.25 — 1 16.43 $ 0.15 2 17.43 0.22 3 15.93 0.27 4 18.27 0.28 5 21.38 0.32 What are the arithmetic and geometric returns for the stock?

The Wall Street Journal provides the net asset value, the year-to-date percent return, and the three-year percent return for 748 mutual funds.† Assume that a simple random sample of 12 of the 748 mutual funds will be selected for a follow-up study on the size and performance of mutual funds. Use the first column of the table of random numbers, beginning with 63271, to select the simple random sample of 12 mutual funds. Begin with mutual fund 271 and use the last three digits in each row of column 1 for your selection process. What are the numbers of the 12 mutual funds in the simple random sample? (Enter your answers as a comma-separated list.)

RANDOM NUMBERS

63271       59986       71744       51102       15141       80714       58683       93108       13554       79945      

88547       09896       95436       79115       08303       01041       20030       63754       08459       28364      

55957       57243       83865       09911       19761       66535       40102       26646       60147       15702      

46276       87453       44790       67122       45573       84358       21625       16999       13385       22782      

55363       07449       34835       15290       76616       67191       12777       21861       68689       03263      

69393       92785       49902       58447       42048       30378       87618       26933       40640       16281      

13186       29431       88190       04588       38733       81290       89541       70290       40113       08243      

17726       28652       56836       78351       47327       18518       92222       55201       27340       10493      

36520       64465       05550       30157       82242       29520       69753       72602       23756       54935      

81628       36100       39254       56835       37636       02421       98063       89641       64953       99337      

84649       48968       75215       75498       49539       74240       03466       49292       36401       45525      

63291       11618       12613       75055       43915       26488       41116       64531       56827       30825      

70502       53225       03655       05915       37140       57051       48393       91322       25653       06543      

06426       24771       59935      

49801       11082       66762       94477       02494       88215       27191      

20711       55609       29430       70165       45406       78484       31639       52009       18873       96927      

41990       70538       77191       25860       55204       73417       83920       69468       74972       38712      

72452       36618       76298       26678       89334       33938       95567       29380       75906       91807      

37042       40318       57099       10528       09925       89773       41335       96244       29002       46453      

53766       52875       15987       46962       67342       77592       57651       95508       80033       69828      

90585       58955       53122       16025       84299       53310       67380       84249       25348       04332      

32001       96293       37203       64516       51530       37069       40261       61374       05815       06714      

62606       64324       46354       72157       67248       20135       49804       09226       64419       29457      

10078       28073       85389       50324       14500       15562       64165       06125       71353       77669      

91561       46145       24177       15294       10061       98124       75732       00815       83452       97355      

13091       98112       53959       79607       52244       63303       10413       63839       74762       50289      

Project B has the following Cash Flows: Cost = $800,000; Year 1 = $329,000; Year 2 = $260,750; Year 3 = $192,500; Year 4 = $147,000; Year 5 = $101,500. Calculate the Net Present Value when using a WACC of 8.28%.

38. When calculating real GDP we keep ___ fixed from year to year. When calculating the cost of living (consumer price index) we keep ____ fixed from year to year.

Group of answer choices quantities : quantities prices : prices prices : quantities quantities : prices

2/ Which of the following will increase productivity?

Group of answer choices

an increase in human capital

a decrease in the unemployment rate

an increase in the growth rate of nominal GDP

a decrease in the inflation rate

3.

A country aims to double real GDP per capita in the next 24 years. If the rate of population growth in the country is 1.01% per year then at approximately what rate does real GDP need to grow to achieve this goal?

5‐year bond is issued with a 5% coupon. After 1 year and 40 days from its issue, the owner decides to sell it. Calculate the price at which the buyer sells the bond (clean price) and the actual price received by the seller. Consider an interest rate of 3%.

Clean price: Answer % (rounded to the second decimal)

Price paid by the buyer: Answer % (rounded to the second decimal)

Use 1 year=365 days for calculations

1. A 20 year annuity has annual payments which increase by $500 each year. The first payment is $10,500 on Jan. 1, 2018. The annual effective interest is 1%. What is the value of the annuity on Oct. 1, 2017?

The answer should be $274,250.53 And I don't have more information about this...this is how the problem looks like.

2. A loan is repaid with level installments payable at the end of each half-year for 3(1/2) years, at a nominal rate of interest of 8% convertible semiannually. After the 4th payment, the outstanding loan balance is $5000. Find the amount of the loan.

3. Perpetuities in arithmetic progression. If a perpetuity has first payment P and each payment increases by Q, then its present value, one period before the first payment, is P/i + Q/i^2 Using this formula, find the present value of a perpetuity-immediate which has annual payments with first payment $360 and each subsequent payment increasing by $40, at annual interest rate 1.3%.

4. Filip buys a perpetuity-immediate with varying annual payments. During the first 5 years, the payment is constant and equal to 10. Beginning in year 6, the payments start to increase. For year 6 and all future years, the current year’s payment is K% larger than the previous year’s payment. At an annual effective interest rate of 9.2%, the perpetuity has a present value of 167.50. Calculate K, given that K < 9.2.

Hugo’s daughter, Wanda, completed her senior year of college in the current year. Hugo paid $5,0000 in qualified education expenses for Wanda in the current year. Hugo is a MFJ taxpayer and has an AGI of $60,000 for the current year. What, if any, education credit will provide Hugo the highest credit and how much is that credit?

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses.

Additional Information on Current Year Transactions

1. The loss on the cash sale of equipment was $11,125 (details in b).
2. Sold equipment costing $64,875, with accumulated depreciation of $36,125, for $17,625 cash.
3. Purchased equipment costing $102,375 by paying $42,000 cash and signing a long-term note payable for the balance.
4. Borrowed $4,600 cash by signing a short-term note payable.
5. Paid $53,125 cash to reduce the long-term notes payable.
6. Issued 3,100 shares of common stock for $20 cash per share.
7. Declared and paid cash dividends of $51,300.