1.What is the value today of receiving $5,500 at the end of two years, assuming...
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Accounting
1.What is the value today of receiving $5,500 at the end of two years, assuming an interest rate of 8% compounded semiannually? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.)
a.$1,760
b.$4,715
c.$4,701
d.$5,701
2.
A bond issue with a face amount of $504,000 bears interest at the rate of 10%. The current market rate of interest is also 10%. These bonds will sell at a price that is:
a.Equal to $504,000.
b.Less than $504,000.
c.More than $504,000.
d.The answer cannot be determined from the information provided.
2.
Lense Laboratories' net income was $260,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories?
Increase in Accounts Receivable
$
70,000
Increase in Salaries Payable
$
57,500
Decrease in Inventory
$
36,000
Depreciation Expense
$
48,500
Increase in Prepaid Insurance
$
4,000
a.$264,000
b.$476,000
c.$328,000
d.$353,000
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