Find present value of cash flows-discounted at four percent
Joseph has just accepted a job as a stockbroker. He estimates his gross pay eah year for the next 3 years is $35.00 in 1 year, $21,000 in year 2, and $32,000 in year 3. What is the present value of these cash flows if they are discounted at 4%?
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He estimates his gross pay eah year for the next 3 years is $35.00 in 1 year, $21,000 in year 2, and $32,000 in year 3. What is the present value of these cash flows if they are discounted at 4%?
Flyer estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. What is the balance in the allowance for doubtful accounts after bad debt expense is recorded?
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