Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. abc company sold the rights to use one of their pa

ABC Company sold the rights to use one of their patented processes that will result...

80.2K

Verified Solution

Question

Accounting

ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of $2,500 at the end of each of the next four years and a $4,000 cash payment at the end of the fifth year.  
Calculate the total present value of these payments assuming the interest rate is 5% compounded annually.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is a joule? What is the equivalent unit in the English system?

Physics
Q

Andretti Company has a single product called a Dak. The company normally produces and sells 83,000...

Accounting
Q

Southern blot hybridization is based on hybrization/annealing between:A. DNA and RNA.B. DNA and DNA.C. RNA...

Biology
Q

Given the two events:Event A is drawing a queen.Event B is drawing a red card.Calculate...

Basic Math
Q

The Procter \& Gamble Company Variable Costing Income Statement (assumed) Variable Costing Income...

Accounting
Q

Analyze the accounts and prepare the adjusting entries required using the additional information provided. Post...

Accounting
Q

Proceeds from sale of revenue bonds for building construction Interest income on long-term notes receivable...

Accounting
Q

If the direct materials is 24,000 the direct labor is 18,000 and the applied overhead...

Accounting
Q

Whole Grain Bakery purchases an industrial bread machine for $22,500. In addition to the purchase...

Accounting
Q

ASELSAN, which is one of the most important institutions of Defense Sector in Turkey. It...

Finance
Q

The EPBO for a particular employee on January 1,2024, was $150,000. The APBO at the...

Accounting
Q

please explain and discuss: 1. The concept of just in time inventory management 2. What...

Accounting