WGU D103

WGU D103 Pre-Assessment Intermediate Accounting I Units 5-7 (JMV1) (PJMV) A company deposits $10,000 in a bank where it will earn simple interest of 10% annually. What is the amount of interest earned in Year 2? - $1,000 $10,000 x .10 = $1000 A company is putting together a list of transactions that are affected by the time value of money. Which transaction should be included in this list? -Long-term leases A company needs to have $70,000 in cash at the end of four years. The company ...

A company deposits $10,000 in a bank where it will earn simple interest of 10% annually. What is the amount of interest earned in Year 2? - $1,000 $10,000 x .10 = $1000 A company is putting together a list of transactions that are affected by the time value of money. Which transaction should be included in this list? - Long-term leases A company needs to have $70,000 in cash at the end of four years. The company can invest the cash now in a money market account that will return 6% intere...