Sheridan Quest Games Co. adjusts its accounts annually. The following information is available for the year ended December 31, 2020. 1.Purchased a 1-year insurance policy on June 1 for $1,500 cash.
2.Paid $6,200 on August 31 for 5 months’ rent in advance.
3.On September 4, received $3,510 cash in advance from a company to sponsor a game each month for a total of 9 months for the most improved students at a local school.
4.Signed a contract for cleaning services starting December 1 for $1,200 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.)
5.On December 5, received $1,300 in advance from a gaming club. Determined that on December 31, $475 of these games had not yet been played.

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

Personal financial planning is the process of creating and achieving financial goals? true or false

Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be