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1. What will be the balance on September 1, 2024 in a fund which is accumulated by making $20,000 annual deposits each September 1 beginning in 2017, with the last deposit being made on September 1, 2024? The fund pays interest at 8% compounded annually. (The answer is A. but how they got that?)
a. $212,733 b. $178,458
c. $151,200 d. $114,932
2. Charlie Corp. is purchasing new equipment with a cash cost of $250,000 for the assembly line. The manufacturer has offered to accept $57,400 payments at the end of each of the next six years. What is the interest rate that Charlie Corp. will be paying? (The answer is C. but how they got that?)
a. 8%. b. 9%.
c. 10%. d. 11%.
Determine the amount of retained earnings as of November 1.- Indicate increases and decreases resulting from each transaction and the new balances after each transaction.
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The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year.
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Green Corporation made extensive modifications to a portion of a building so that it could be used to conduct product research. Discuss whether the modification costs would qualify as research and experimental expenditures.
Prior to install a JIT system, Plasticize Company used machine hours to assign maintenance costs to it three products of 3-inch, 5inch and 7-inch plastic tubing. The maintenance costs totaled 120,000 per year. After installing JIT, three manufacturin..
explain if the statement of cash flows shows the profitability of the company
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