Quiz 4 - Vi ,«9 ti“ ACC 311 - Quiz 4 - 5 Points Each...

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Unformatted text preview: Vi ,«9 ti“ ACC 311 - Quiz 4 - 5 Points Each Unless Marked Circie the most appropriate response Name 3952W awed» Section (time) 3AM 1. Assume you receive $1,000 cash on each December 31st for three years (2009, 2010, and 2011). On 3anuary 15‘, 2009, what is the present value of these payments assuming an interest rate of 10 ercent? 3—,»: “a p 5 $7,460.70 ‘0‘?” "L we?" «75°95 $ 2,486.90 C. $ 3,310.00 D. $ 3,000.00 E. None of the above 2. On January 1, 2009, Starbucks bou new delive trucks. The company signed a note payable agreeing to pay $500,000 on December 31, 2012. The market interest rate for this note is $14%. What is the appropriate journal entry needed on January 1""t 2009? ACCOUNTS CREDIT I "Ti w. my Sat-9,006 ° (“twin ° Veg, 3. You have won the lottery and have two choices for collecting your winnings. You can collect $50,000 today or receive $13,225 per year for the next 5 years. A financial analyst has told you that you can earn 10% on ths. Which alternative should you select? Ignore any tax implications. . a. $50,000 today Q. Log l - 132.13" $13,225 per year for 5 years ANNIE“! 4. The future value of 5 yearly payments of $2,000 assuming an interest rate of 6% a 1.0m- W sw ii,ms.m (951.1“ 5. The future value of $5,000 at 5% interest in 5 years is: 9:090 o ‘37:!“ $ 6,680.00 Future Value of $1 Invested for "n" erlods at "1" rate. 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 20% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.000 1.100 1.110 1.120 1.100 1.140 1.150 1.200 0 1 .323 1.440 . 20 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.232 1.254 1.277 1.30 1.330 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.368 1.405 1.443 1.482 1.521 1.726 1.041 1.062 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.464 1.518 1.574 1.630 1.689 1.749 2.074 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.685 1.762 1.842 1.925 2.011 2.486 Present Value 0131 to be received afler "n" erloda at "I" rate. 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 0.8772 0.8696 0.8333 0.9603 0.9612 0.9426 0.9246 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 0.8116 0.7972 0.7831 0.7695 0.7561 0.6944 0.9706 0.9423 0.9151 0.6890 0.8633 0.8396 0.6163 0.7938 0.7722 0.7513 0.7312 0.7118 0.6931 0.6750 0.6575 0.5787 0.9610 0.9238 0.8685 0.6548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6587 0.6355 0.6133 0.5921 0.5718 0.4823 0.9515 0.9057 0.8626 0.8219 0.7635 0.7473 0.7130 0.6806 0.6499 0.6209 0.5965 0.5674 0.5428 0.5194 0.4972 0.4019 011550306“: arlods at "I" rate. Present Vaiue of an annul of $1 10 be renewed at the and of each of "n" 3% 4% 5% 6% 7% 6% 9% 10% 11% 12% 13% 14% 1576. 0 . 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 0.8772 0.869 . 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 1.7125 1.6901 1.6681 1.6467 1.6257 1.5278 2.9410 2.8839 2.8286 2.7751 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 2.4437 2.4018 2.3612 2.3216 2.2832 2.1065 3.9020 3.8077 3.7171 3.6299 3.5460 3.4651 3.3872 3.3121 3.2397 3.1699 3.1024 3.0373 2.9745 2.9137 2.8550 2.5887 4.8534 4.7135 4.5797 4.4518 4.3295 4.2124 4.1002 3.9927 3.8697 3.7908 3.6959 3.6048 3.5172 3.4331 3.3522 2.9906 1 % 2% macaw-41:. "' are Value of Annuity 0161 TIME" 2% 3% 3.75% 4% 4.25% 5% 6% 7% 8% 1. 1. 1. 1. 1. 1. 1. 1. 1. 2.02 2.03 2.0375 2.04 2.0425 2.05 2.06 2.07 2.08 3.0604 3.0909 3.1139 3.1216 3.1293 3.1525 3.1836 3.2149 3.2464 4.1215 4.1836 4.2307 4.2465 4.2623 4.3101 4.3746 4.4399 4.5051 5.2040 5.3091 5.3893 5.4163 5.4434 5.5256 5.6371 5.7507 5.8668 .. 6.3081 6.4684 5.5914 6.6330 6.6748 5.8019 6.9753 7.1533 7.3359 1 7.4343 7.8625 7.8386 7.6983 7.9585 8.1420 8.3938 8.6540 8.9228 8.5830 3.8923 9.1326 9.2142 9.2967 9.5491 9.8975 10.2598 10.6366 9.7546 10.1591 10.4750 10.5828 10.5918 11.0266 1 1.4913 11.9780 12.4876 10.9497 11.4639 11.8678 12.0061 12.1462 12.5779 13.1808 13.8184 14.4856 24.2974 26.8704 29.0174 29.7781 30.5625 33.0660 36.7858 40.8955 45.7620 .- _ 0115* 9% 10% 11% 12% 13% 14% 15% 20% 25% 1. 1. 1. 1. 1. 1. 1. 1. 1. 2.09 2.10 2.11 2.12 2.13 2.14 2.15 2.20 2.25 1! 3.2781 3.3100 3.3421 3.3744 3.4069 3.4396 3.4725 3.6400 3.8125 4.5731 4.6410 .1 4.7097 4.7793 4.8498 4.9211 4.3934 5.3680 5.7656 fr 5.9847 6.1051 6.2278 6.3528 6.4803 6.6101 6.7424 7.4416 8.2070 1 7.5233 7.7156 7.9129 8.1152 8.3227 8.5355 8.7537 3.9299 11.2588 1 9.2004 9.4872 9. 7833 10.0890 10.4047 10.7305 1 1.0668 12.9159 15.0735 11.0285 1 1.4359 11.8594 12.2997 12.7573 13.2328 13.7268 16.4991 19.8419 13.0210 13.5975 14.1840 14.7757 15.4157 16.0853 16.7858 20.7989 25.8023 15.1929 15.9374 18.7220 17.5487 18.4197 19.3373 20.3037 25.9587 33.2529 51.1501 57.2750 64.2028 72.0524 80.9100 91.0249 102.4430 186.8680 312.9447 ...
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This note was uploaded on 03/03/2011 for the course ACC 311 taught by Professor Charrier during the Spring '08 term at University of Texas at Austin.

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Quiz 4 - Vi ,«9 ti“ ACC 311 - Quiz 4 - 5 Points Each...

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