Calculate present value if amount received after two years
Find the present value of $7,000 to be received one year from now assuming a 3 percent annual discount interest rate. Also calculate the present value if the $7,000 is received after two years.
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Discuss the differences between cash flow and accounting income and why it is important to use cash flow in making capital budgeting decisions.
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Lambert Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas.
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The balance in the Insurance Expense account of the worksheet was $355. The journal entry to close the Insurance Expense account is: Insurance Expense 355 Capital 355 Insurance Expense 355 Prepaid Insurance 355
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