INTER. ACCOUNTING - CONNECT+ALEKS ACCESS
INTER. ACCOUNTING - CONNECT+ALEKS ACCESS
10th Edition
ISBN: 9781264770335
Author: SPICELAND
Publisher: MCG
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A company signed an agreement to rent warehouse space for four years at $40,000 per year, payable at the beginning of each year. Assuming an annual interest rate of 6% is appropriate, the present value of an ordinary annuity is 3.46511 × 40,000 = $138,604, and the present value of an annuity due is 3.67301 × $40,000 = $146,920. At which amount should the rental obligation be recorded? $169,600 $160,000 $138,604 O $146,920
What is the average collection period for accounts receivable in days on these financial accounting question?
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