3101 Homework Solutions ch.06

# 3101 Homework Solutions ch.06 - Acct 3101 Intermed Acctg 1...

This preview shows pages 1–5. Sign up to view the full content.

Acct 3101 Intermed. Acctg 1 Homework Solutions Text: Kieso et al. 13 th ed. Chapter 6 EXERCISE 6-3 (a) \$9,000 X 1.46933 = \$13,223.97. (b) \$9,000 X .43393 = \$3,905.37. (c) \$9,000 X 31.77248 = \$285,952.32. (d) \$9,000 X 12.46221 = \$112,159.89. File: 3101 Homework Solutions ch.06 Page 1

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
EXERCISE 6-4 (a) Future value of an ordinary annuity of \$5,000 a period for 20 periods at 8% \$228,809.80 (\$5,000 X 45.76196) Factor (1 + .08) X 1.08 Future value of an annuity due of \$5,000 a period at 8% \$247,114.58 (b) Present value of an ordinary annuity of \$2,500 for 30 periods at 10% \$23,567.28 (\$2,500 X 9.42691) Factor (1 + .10) X 1.10 Present value of annuity due of \$2,500 for 30 periods at 10% \$25,924.00 (Or see Table 6-5 which gives \$25,924.03) (c) Future value of an ordinary annuity of \$2,000 a period for 15 periods at 10% \$63,544.96 (\$2,000 X 31.77248) Factor (1 + 10) X 1.10 Future value of an annuity due of \$2,000 a period File: 3101 Homework Solutions ch.06 Page 2
for 15 periods at 10% \$69,899.46 Exercise 6-4 (d) Present value of an ordinary annuity of \$3,000 for 6 periods at 9% \$13,457.76 (\$3,000 X 4.48592) Factor (1 + .09) X 1.09 Present value of an annuity due of \$3,000 for 6 periods at 9% \$14,668.96 (Or see Table 6-5) File: 3101 Homework Solutions ch.06 Page 3

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
PROBLEM 6-1 (a) Given no established value for the building, the fair market value of the
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 13

3101 Homework Solutions ch.06 - Acct 3101 Intermed Acctg 1...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online