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Answers to Practice Problems for Appendix A

# Answers to Practice Problems for Appendix A - 4 The Hoefts...

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The University of Texas at Austin McCombs School of Business, Business Foundations Program ACC 310F: Foundations of Accounting Answers to Practice Problems for Appendix A 1. Ferris Company 2. House down payment = 15,000 x 0.792 = 11,880 3. Welz Company 4. Franklin, Inc. is considering investing in two machines with the following cash flows

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Unformatted text preview: 4. The Hoefts Page 1 5. You want to retire a millionaire 6. Java Co., Ltd PV Factor Annuity (8%, 10 years) * \$15,000 = Present Value of an annuity 6.7101 * \$15,000 = \$100,651.50 PV Factor (8%, 10 years) * \$4,500 = Present Value of a dollar .4632 * \$4,500 = \$2,084.40 \$100,651.50 2,084.40-45,000.00 \$57,735.90 Page 2...
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Answers to Practice Problems for Appendix A - 4 The Hoefts...

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