Use the compound interest formulas A = P(1+r/n)^nt and A =

Sally will invest 8 000 a year for 20 years in a fund that will earn 6 annual interest If the first payment occurs at year end what amount will be in the fund in 20 years O a 294 284 72 O b 311 941 81 O c 310 942 35 O d 277 627 10

F Flag question A trial balance before adjustments included the following Sales 425 000 credit Sales returns and allowance 14 000 debit Accounts receivable 43 000 debit and Allowance for doubtful accounts 760 credit If the estimate of uncollectible is made by taking 10 of gross account receivables the amount of the adjustment is O a 4 300 O b 3 540 O c 4 224 O d 5 060

Flag question Ayman Inc made a 25 000 sale on account with the following terms 2 10 n 30 If the company uses the net method to record sales made on credit what is are the debit s in the journal entry to record the sale Oa Debit Accounts Receivable for 25 000 O b Debit Accounts Receivable for 25 000 and Sales Discounts for 500 Debit Accounts Receivable for 24 500 and Sales Discounts for 500 O d Debit Accounts Receivable for 24 500 C

Hamada invests 20 000 at 8 annual interest leaving the money invested without withdrawing any of the interest for 8 years At the end of the years Hamada withdraws the accumulated amount of money the amount of interest assuming the investment earns compound interest is O a 32 800 O b 17 018 60 O c 12 800 O d 7 200

At a restaurant If a party has eight or more people the gratuity is automatically added to the bill If x is the cost of the meal then the total bill C x with a 17 gratuity and an 8 sales tax is given by C x x 0 08x 0 1x Evaluate C 280 and interpret the meaning in the context of this problem Round to the nearest cent If the cost of the food is S then the total bill including tax and tip Is S X 3

2 pints Manny a calendar year taxpayer uses the cash method of accounting for his sole proprietorship In late December he performed 42 000 of legal services for a client Manny typically requires his clients to pay his bills immediately upon receipt Assume Manny s marginal tax rate is 37 percent this year and next year and that he can earn an after tax rate of return of 7 percent on his investments Required a What is the after tax income if Manny sends his client the bill in December b What is the after tax income if Manny sends his client the bill in January Use Exhibit 3 1 Note Round your answer to the nearest whole dollar amount c Based on requirements a and b should Manny send his client the bill in December or January Complete this question by entering your answers in the tabs below Required A Required B Answer is complete but not entirely correct Required C What is the after tax income if Manny sends his client the bill in December

The following information is available for Brendon Company before closing the accounts What will be the amount in the Income Summary account that should be closed to Brendon Capital J Brendon Capital J Brendon Withdrawals Services revenue Depreciation Expense Equipment Wages expense Interest expense Insurance expense Rent expense Multiple Choice 80 000 64 400 43 000 112 000 32 000 187 000 12 000 71 400 3 300 11 700 24 200

Required information Let Q x y denote the statement x is the capital of y Determine the truth value of Q Detroit Michigan The truth value of Q Detroit Michigan is Click to select Click to select true false

The graph of y f x is shown below b Is f x continuous at x 0 OYes No From left to right the graph starts below the x axis for negative values of x and decreases to negative infinity as x approaches zero from the left There is no point on the curve when x equals zero Then for positive values of x the graph decreases from positive infinity and approaches the x axis from above Answer each of the following questions about f x You have one submission for each question a Does lim f x exist x 0 OYes No c Is f x differentiable at x 0 Yes No 2

3 Jos borrows 1400 to buy a racing bicycle He repays the loan 2 years later in the amount of 1700 What annual rate of simple interest was Jos charged