ACCT 550 Week 4 Homework Assignment

ACCT 550 Week 4 Homework Assignment

Author: Minh Reed


E6-5 (Computation of Present Value) Using the appropriate interest table, compute the present values of the periodic amounts, shown on page 344, due at the end of the designated periods.
E6-12 (Analysis of Alternatives) Brubaker Inc. Which building would you recommend that Brubaker Inc. locate, assuming a 12% cost of funds?
E7-2 (Determine Cash Balance) Presented below are a number of independent situations.
E7-5 (Record Sales Gross and Net) On June 3, Bolton Company sold to Arquette Company merchandise having a sale price of $2,000 with terms of 2/10, n/60, f.o.b. shipping point. An invoice totaling $90, terms n/30, was received by Arquette on June 8 from John Booth Transport Service for the freight cost. On June 12, the company received a check for the balance due from Arquette Company.
E7-12 (Journalizing Various Receivable Transactions) Related to Sanford Corp.

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