You have decided that you want to be a millionaire when you retire in 45 years.
(a) if you ca...
Business, 08.10.2019 20:00 jacxirylopez
You have decided that you want to be a millionaire when you retire in 45 years.
(a) if you can earn an annual return of 11.2 percent, how much do you have to invest today? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
(b) what if you can earn an annual return of 5.6 percent? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
Answers: 1
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On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester 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 chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.
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