Business

AccountingQ&A LibraryYou are calculating the present value of $5,000 that you will receive at the end of everyyear for the next ten years. Which table will you use to obtain the present value factor tocalculate the total present value of those $5,000 payments you will be receiving?a. Present Value of $1 tableb. Future Value of $1 tablec. Present Value of Ordinary Annuity of $1d. Future Value of Ordinary Annuity of $1Start your trial now! First week only $4.99!*arrow_forward*

Question

You are calculating the present value of $5,000 that you will receive at the end of every

year for the next ten years. Which table will you use to obtain the present value factor to

calculate the total present value of those $5,000 payments you will be receiving?

a. Present Value of $1 table

b. Future Value of $1 table

c. Present Value of Ordinary Annuity of $1

d. Future Value of Ordinary Annuity of $1

Tagged in

Business

Accounting

Find answers to questions asked by students like you.

Q: On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five...

A: 1. 200 percent declining-balance: It means 200% or 2X of Straight-Line Method Rate Therefore, Deprec...

Q: Alexander Company purchased a piece of equipment for $12,000 and depreciated it for three years over...

A: Depreciable cost of equipment = Cost of equipment - Residual value ...

Q: BSO, Inc. has current assets of $1,000,000 and current liabilities of $500,000, resulting in a curre...

A: b.

Q: Sprague Company uses the aging method to adjust the allowance for uncollectibleaccounts at the end o...

A: The aging method alludes to the technique for assessing the measure of an organization's records rec...

Q: Jackson Moving & Storage Co. paid $120,000 for 25% of the common stock ofMcDonough Co. at the be...

A: Given information is: Jackson Moving & Storage Co. paid $120,000 for 25% of the common stock of ...

Q: what is a condensed income statement

A: Definition: Financial statements: Financial statements are condensed summary of transactions communi...

Q: Define amortization

A: Intangible Assets: These are the long-term assets having no physical existence. However, the benefit...

Q: Costs of $5,000 were incurred to acquire goods and make them ready for sale. The goods were shipped ...

A: Buyer’s total cost of merchandise inventory = Cost of goods purchased + Freight in + Additional nece...

Q: Identify the following users of accounting information as either an (a) external or (b) internal use...

A: Answer: External user.