ABC Construction started 2020 with the following accounting data: $280,000 in monthly revenue for construction work completed $26,836 in monthly bank loans $316,000 quarterly payments for construction materials $5,600 in monthly insurance premiums $1.250,000 real estate owned appraised during 2020 $31,892 in monthly payroll $82,000 in owned construction equipment appraised during 2020. How much is this company worth at the end of 2020? O $2,656,064 O $2.035936 O $1.250.000 O $4,035,218
ABC Construction started 2020 with the following accounting data: $280,000 in monthly revenue for construction work completed $26,836 in monthly bank loans $316,000 quarterly payments for construction materials $5,600 in monthly insurance premiums $1.250,000 real estate owned appraised during 2020 $31,892 in monthly payroll $82,000 in owned construction equipment appraised during 2020. How much is this company worth at the end of 2020? O $2,656,064 O $2.035936 O $1.250.000 O $4,035,218
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 14E: Future Values and Long-Term Investments Portman Corporation engaged in the following transactions...
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![Question 5
ABC Construction started 2020 with the following accounting data:
$280,000 in monthly revenue for construction work completed
$26,836 in monthly bank loans
$316,000 quarterly payments for construction materials
$5,600 in monthly insurance premiums
$1.250,000 real estate owned appraised during 2020
$31,892 in monthly payroll
$82,000 in owned construction equipment appraised during 2020.
How much is this company worth at the end of 2020?
O $2.656,064
O $2.035936
O $1.250,000
O $4,035,218](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F81cd4f0c-d768-4c21-8b63-b4c8ba80eb2e%2Fbec79ac7-2340-494d-9769-ca6b282fdd06%2F6im6khm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 5
ABC Construction started 2020 with the following accounting data:
$280,000 in monthly revenue for construction work completed
$26,836 in monthly bank loans
$316,000 quarterly payments for construction materials
$5,600 in monthly insurance premiums
$1.250,000 real estate owned appraised during 2020
$31,892 in monthly payroll
$82,000 in owned construction equipment appraised during 2020.
How much is this company worth at the end of 2020?
O $2.656,064
O $2.035936
O $1.250,000
O $4,035,218
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