.) Net income for 2020 was P1,825,600. In 2021, it decreased by 53%. Still using the 2020 net income as the base year, by 2022, net income increased by 130%. Determine the net income for 2021 and 2022, respectively. (separate the values

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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1.) Net income for 2020 was P1,825,600. In 2021, it decreased by 53%. Still using the 2020 net income as the base year, by 2022, net income increased by 130%. Determine the net income for 2021 and 2022, respectively. (separate the values by a comma followed by a space ", ")

 

2.) A company has $6,435,000 in common equity and 1,063,000 in outstanding shares. Shares sell at a price of $30.70 each. Calculate the difference of the firm's market and book values per share. (2 decimal places)

 

3.) At a discount rate of 8%, calculate the present value of an investment with the following cash flows. Use 2 decimal places for your final answer. 

 

4.) Arthur is deciding to make end-of-year deposits of P1,200 per year. What rate of return would enable him to have P10,000 at the end of 5 years?  (2 decimal places)      

 

 

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