This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm plans to depreciate a five year asset in the next planning period. The statements that will ... (Read 104 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jul 10, 2018
A firm plans to depreciate a five year asset in the next planning period. The statements that will be directly affected are the ________.
 
  A) pro forma income statement, pro forma balance sheet, and cash budget
  B) pro forma balance sheet, cash budget, and statement of retained earnings
  C) cash budget and pro forma balance sheet
  D) pro forma income statement and pro forma balance sheet

Question 2

Upon taking his first job out of college, your Dad earned an annual salary of 38,000 and set a goal to earn 100,000 per year. If his salary increased at an average annual rate of 12, how long did it take to reach his goal?
 
  A) At that rate of growth, your Dad still has not earned 100,000 in a single year.
  B) 2.63 years
  C) 26.31 years
  D) 8.54 years


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

Answer: D
Explanation: D) n = = = 8.54 years
MODE = END
INPUT ? 12 -38,000 0 100,000
KEY N I/Y PV PMT FV
CPT 8.54


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jul 10, 2018
Wow, this really help

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ... Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
Embryonic Period Embryonic Period
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Walking into new year kids drawing Walking into new year kids drawing
Video: Mutations and translation

For a complete list of videos, visit our video library