Robert retired on 31st December 2016 and received a sum of $ 100000 from the company towards gratuity and other terminal benefits. The company has tied up with their bankers which accepts deposits from retiring employees at 9% interest per year provided the investment is for 5 years and interest is paid along with principal. If Robert decides to invest $100000 for 5 years, how much will he get at the end of 5 years? $ 145000.00 $ 190000.00 $ 153862.40 $ 132920.60

Q: Journal entries for Special Revenue Fund transactions The Library Special Revenue Fund commenced…

A: The term "general fund" refers to state income from taxes, fees, interest income, and other sources…

Q: Below is the trial balance as at 31 December 2021 of K.S.Raswoth runs a stationery business.…

A: By examining financial documents like the balance sheet and income statement, ratio analysis is a…

Q: Multiple Choice revenues minus expenses.

A: Revenue : Revenue is the result of sale of goods , exchange of assets, interest ,dividend earned on…

Q: 11. George Corporation has the following information for the current year: Selling price per unit…

A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: If the ending balance in accounts payable increases from one period to the next, which of the…

A: Introduction: Accounts payable (AP) is a balance-sheet liability and a short-term debt in which a…

Q: [The following information applies to the questions displayed below.] NewTech purchases computer…

A: Straight line method of depreciation (Cost of asset - salvage value) / useful life   Depreciation…

Q: do Manager accounting cash concept:- 1) X-ray film used in the radiology lab at your local…

A: Cash Concept Accounting Cash Concept of Accounting which was applicable into the business entity…

Q: Make an amortization table to show the first two payments for the mortgage. Amount of mortgage…

A:

Q: Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at…

A: Budgeting - Budgeting is the best way to produce future estimation to avoid excess cost and generate…

Q: Compute the net present value for each project. (Round answers to 0 decimal places, e.g. 125. If the…

A: Net Present Value: According to Knight, "the present value of the cash flows at the needed rate of…

Q: Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients 4,601.18 2.84…

A: Solution: Contribution is the amount of margin that arrives at be reducing total variable costs from…

Q: cost leadership and differenti

A: Strategy refers to the work at the business where a person should focus on his efforts to achieve…

Q: Outside consultants are paid $300 in cash, and registration fees to issue PR's new stock are $500.…

A: Intangible Assets: These are the assets which has no physical substance, i.e., which cannot be…

Q: Prince Corporation acquired 100 percent of Sword Company on January 1, 20X7, for $195,000. The trial…

A: It is one of the important tools, to prepare the consolidated financial statements of patent and…

Q: Ken is a customer at Orange Grove Bank and frequently banks online. One day he receives an email…

A: So as to compute the social benefits, and other entitlements, of a worker social security number was…

Q: Questions: Based on this information, complete the following working paper:

A: Given in the question: During the year 2021 A new equipment has been purchased in early 2021 for…

Q: From April 1 through October 31, Coles County Highway Department hires temporary employees to mow…

A: High-low method is one of the method to separate the variable cost and fixed cost from the mixed…

Q: Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest…

A: The billing cycle is the time gap between two closing dates of the company. The ending balance is…

Q: Wildhorse Co. accumulates the following cost and market data at December 31. Inventory Categories…

A: Lets understand the basics. As per IAS 2 "Inventory, inventory should be valued at lower of cost or…

Q: Select the necessary words from the list of possibilities to complete the following statements. 1.…

A: There were two types of audit  risks that auditor should assess before conducting an audit. Inherent…

Q: From the following Balance Sheet of Sami Ltd You are required to prepare a Cash Flow Statement ?…

A: Cash Flow Statement:— It is a Financial Statement shows the change in cash and cash equivalents.  It…

Q: Oswego Clay Pipe Company provides services of $46,000 to Southeast Water District #45 on April 12 of…

A: Introduction:- If the customer made payment within discount period, he is eligible for sales…

Q: The following selected transactions relate to cash collections for a firm that mainta $100 change…

A: Journal- A general journal entry is used to visualize the business transactions of any organization.…

Q: On June 30, 2020, the market interest rate is 7% Moreau Enterprises issues $500,000 of 8% , 19-year…

A: A bond is a borrowing security issued by a company to raise funds from the market by making an…

Q: TRUE or FALSE. A distinct good or service can be described as Not interrelated with other goods or…

A: Goods- Goods include things you can typically consume or possess, such as clothing, food,…

Q: Prepare a Statement of Cash Flows for The Dr. J Co. for the period ending December 31, 2021

A: Given in the question: Account 2021 2020 Cash  $5,68,000  $80,000 Accounts…

Q: In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) was signed…

A: There are many ethical issues concerning with the giving rewards to the whistleblower who report…

Q: For next year, if the expected sales quantity is 5,000 units, what is the number of units needed to…

A: Expected sales xxx Add quantity needed in ending inventory xx Total quantity required for the period…

Q: uly 1               150 units              $5.20                 $  780 July 10             200…

A: Inventory may be : Opening Inventory  Closing Inventory  Number of units sold = Number of units…

Q: TB MC Qu. 11-71 (Algo) Pre-tax operating income for the firm: Rings Company Rings Company has three…

A: Contribution margin takes into consideration Variable costs while operating income takes into…

Q: Materials costs of P200,000 and conversion costs of P214,200 were charged to a processing department…

A: Process Costing : Process costing is very important method between the various methods of…

Q: Cash had a beginning balance of $206,700. During the month, Cash was credited for $48,000 and…

A: Cash balance is the amount of cash that an entity have at a point of time. The ending cash is the…

Q: During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $24,000. On the…

A: The structure of the balance sheet is highlighted by an accounting equation, The double-entry…

Q: Company A is considering acquiring company B. Calculate the combined PV of Companies A and B, the…

A: As per the given information: Present value of Company A - 30 mn Present value of Company B - 75 mn…

Q: Firm 1 must decide whether to enter an industry in which firm 2 is an incumbent. To enter this…

A: This question is about decision making of the two firms in which firm 2 is…

Q: Analyze and journalize these transactions.  James Mead invested in a new company. The investments…

A: Journal Entry :- It is the process of Recording transaction of Business. Every transaction have 2…

Q: What is the importance of annual reports?

A: Introduction: An annual report is a document that public corporations are required to present to…

Q: illustrate the earnings management continuum

A: Answer:-  Earnings management meaning:- Earnings management is the practice of using accounting…

Q: Impairment occurs when the estimated future cash flows from a long-lived asset are greater than the…

A: Long-lived assets are the long-term or non-current assets of an entity. These are the resources that…

Q: You want to buy a new sports coupe for $75,600, and the finance office at the dealership has quoted…

A: Monthly installments=Amount of loan×APR12 months×1+APR12 monthstotal period1+APR12 monthstotal…

Q: XYZ Corporation, a U.S. parent firm, has a wholly owned sales affiliate, ABC Ltd., in the United…

A: Liabilities- The balance sheet items known as liabilities refer to the debts that must be repaid in…

Q: Find the future value and total interest of the annuity. Periodic Annual interest Annuity type…

A: We know that, FVA Ordinary  = P×1+in-1i =$2400×1+10%44×5-110%4=$61,307.1782=$61,307.18

Q: An expense represents a liability a cost of doing business none of the above a withdrawal

A: The money spent, or expenditures incurred, by a firm in an effort to create revenues are referred to…

Q: On January 1, 20Y1, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line…

A: Lets understand the basics. In straight line basis, depreciation is calculated in equal installments…

Q: Anchor Company manufactures a variety of tool boxes. The firm is currently operating at 80% of its…

A: Income statement: The financial statements consist set of statements. The three major statements in…

Q: Which of the following creates an audit trail that protects both consumers and businesses from…

A: Fraud- Fraud is an intentionally carried out event that is illegal and unethical, but the…

Q: In each accounting period, a manager can select the inventory costing method that yields the highest…

A: Change in accounting policy can only be done if it helps improve the accuracy of the organization's…

Q: QUESTION 2 The following trial balance of Anderson Pryion has been prepared by his accountant. After…

A: Income statement: It shows the difference between the income earned and expenses incurred during a…

Q: Prepare the divisional income statements for the two divisions. Round your interim calculations to…

A: A divisional income statement summaries the financial performance of an operating unit inside your…

Q: 1 2 3 4 5 6 7 8 00 9 10 22336 11 12 13 14 A B FINANCIAL TRANSACTION WORKSHEET ASSETS = 100 000…

A: The basic accounting equation in accounting is; Assets = Liabilities + Equity wherein; Assets are…