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- 16Current Attempt in Progress Michael is planning for his retirement this year. One option that has been presented to him is the purchase of an annuity that would provide a $38,000 payment each year for the next years. Click here to view the factor table. Calculate how much Michael should be willing to pay for the annuity if he can invest his funds at 7%. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,971.) Payment $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit AnswerCarter Company is considering a project with an initial investment of $600,500 that is expected to produce cash inflows of $131,000 for ten years. Carter's required rate of return is 16%. E (Click on the icon to view Present Value of $1 table.) (Click on the icon to view Present Value of Ordinary Annuity of $1 table.) 14. What is the NPV of the project? 15. What is the IRR of the project? Is this an acceptable project for Carter? 16. 14. What is the NPV of the project? (Enter the factor amount to three decimal places, X.XXX. Round the present value of the annuity to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) Annuity PV Factor (i=16%, n=10) Net Cash Present Years Inflow Value 1- 10 Present value of annuity Investment Net present value
- Question 15: The 2021 Social Security wage base is Answer: А. S100,000 В. O $113,700 S125,000 D. O 142,800 C.HaradevTenth National Bank has a 200,000, 12% note receivable from Priday Company that is due on December 31, 2022. On December 31, 2019, Priday misses the interest payment due on that date. The bank expects that the company will also miss the next payment, but will pay the principal on the maturity date. On December 31, 2020, Priday misses the interest payment due on that date. On December 31, 2021, Priday pays half the interest payment due on that date and is not expected to pay the other half. In early January 2022, the bank and the company agree to a loan restructuring because of the financial condition of the company. The bank forgives the unpaid interest, extends the loan to December 31, 2024, and reduces the interest rate to 6%. The market rate for the loan is estimated to be 10% at this time. Required: 1. Compute the value of the impaired loan on December 31, 2019. 2. Prepare the journal entries from 2019 to 2024 for the bank to record the above events. Assume that Priday makes all required payments under the modified agreement.
- Appendix C Future value of an annuity of $1, FVA Period 1 2 3 5 THREE 15 17 19 20 25 30 40 50 1.000 2.010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 10.462 11.567 12.683 13.809 14.947 16.097 17.258 18.430 19.615 20.811 22.019 28.243 34.785 48.886 64.463 1.000 2.020 3.060 4.122 5.204 6.308 7.434 8.583 9.755 10.950 12.169 13.412 14.680 15.974 17.293 1.000 2.030 3.091 4.184 5.309 6.468 7.662 8.892 10.159 11.464 12.808 14.192 15.618 17.086 18.599 20.157 21.762 23.414 18.639 20.012 21.412 22.841 24.297 32.030 40.588 60.402 84.579 112.80 FVA-A 25.117 26.870 36.459 47.575 75.401 (1+0)" 1.000 2.040 3.122 4.246 5.416 6.633 7.898 10.583 12.006 13.486 15.026 16.627 18.292 20.024 23.698 25.645 27.671 29.778 41.646 56.085 95.026 152.67 1.000 2.050 3.153 4.310 5.526 6.802 8.142 9.549 12.578 14.207 15.917 17.713 19.599 21.579 23.657 25.840 28.132 30.539 33.066 47.727 66.439 120.80 209.35 Percent 1.000 2.060 3.184 4.375 5.637 6.975 8.394 9.897 11.491 13.181 14.972 16.870 18.882 21.015 23.276 25.673…Question Content Area Assuming a 360-day year, when a $15,586, 90-day, 7% interest-bearing note payable matures, total payment will be a.$1,091 b.$16,677 c.$15,859 d.$273Solve this accounting question
- m - Aug 28 X + nd.vst.idref%3DP7001016677000000000000000003B8F]!/4/2[P700101667700000000000... 2 ☆ S4-2 At December 31, 2020, before any year-end adjustments are made, White Corporation had a $50 balance in Accounts Receivable and a $0.6 debit balance in the Allowance for Uncollectible Accounts. Requirements O 1. What is the normal balance in the Allowance for Uncollectible Accounts? What would cause this account to have a debit balance? 2. How does management determine the amount of uncollectible accounts? 3. The aging of receivables indicates that White Corporation will not collect $1.5 million of its accounts receivables. Prepare the journal entry to record the bad debt expense for 2020. PUCE a 209Grove Media plans to acquire production equipment for $845,000 that will be depreciated for tax purposes as follows: year 1, $329,000; year 2, $189,000; and in each of years 3 through 5, $109,000 per year. A 10 percent discount rate is appropriate for this asset, and the company's tax rate is 20 percent. Use Exhibit A.8 and Exhibit A.9. Required: a. Compute the present value of the tax shield resulting from depreciation. b. Compute the present value of the tax shield from depreciation assuming straight-line depreciation ($169,000 per year). Complete this question by entering your answers in the tabs below. Required A Required B Compute the present value of the tax shield resulting from depreciation. Note: Round PV factor to 3 decimal places. Present value of the tax shieldHw.92. i need the total carrying amount for 2019 and 2021...