111A 2005 Midterm

111A 2005 Midterm - .t NAIvIE)e"o.1 O TA SAM 1A TEST2(t in...

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.t NAIvIE ,.)e{"o.1 O\- TA SAM 1A TEST 2 (t 28. An indiridual is to receive $137,350 in 4 years. Using the correct factor, determine the current investrnent if interest of 10% is assumed. FVIF 1.1000 12100 1.3310 1.4&1 1.6105 eeriods 1 2 F (,{> -r PVIF FVIFA .9091 1.0000 .82& 2.1000 .7513 32781 .6830 4.5731 .6029 5.9847 FVIFA .9091 1.7355 2.4869 3.1699 3.7908 liljf'D x o . 6rro 1-\<^)1lf a 13t,lo.of A $30,034.33 B. 9€,329.44 ,figsr,,arc.1 Ysor.oe4.14 htel6 24. ln preparing ils bard< reconcilidion d Decem- ber 31, 1987, Case Company has arailable the follouring data Bdance per bank staternent, 12131187 $38,075 Deposit in transit, 1PB1l87 5,200 Outstandirg checl,{s, 12131187 6,750 ' Arnount enoneansly credlted by bank to Gase's [email protected], 12t28187 40O Bank seMce cfiarges for December 75 Case's aqu$ed cash in bank balance at Decern- . ber 31, 1987 is A. $36,s2s B. $36.4sO (6ogo,rzs D. $36,050 ? ttz z I rf l.lzt 30 go?o O-l\- d^-r r \ otu/oo { )9 .a_ _, \ ;^\ i 31. Delta, tnc. sells to whotesalers on terns of 2t15, net 30. Delta has no cash sales b{.FO96 of Dbltas cr.Ftomers lake acfvantage of the discdiirt- Delta uses the gioss method of iecording sales arrl trade receivables. An analysis of Delta's trade receivables batanc€s at December 31, 1993 revealed followir€: Aqe (}'15 days 16€O days 31€O daYs Over 60 days Amount $100,000 60,000 5.000 2.500 s167.500 ln ils December 31 , 1993, balance sheet, whd arnount shotild tlelta report for allonarrce for discounts? @"'* 8.',$1.620 $1,67s J. g,2.OO0 Collec'tible 'too% .
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This test prep was uploaded on 04/07/2008 for the course ECON 111A taught by Professor Shepherd during the Fall '05 term at UCSC.

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111A 2005 Midterm - .t NAIvIE)e"o.1 O TA SAM 1A TEST2(t in...

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