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Accounting Questions and Answers January 4, 2011

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On January 1, 2019, Blossom Corporation acquired a small mine for $20 million along with equipment costing $8 million. Management estimated at that time that the mine should produce 25,000 ounces of gold and have no residual value while the equipment would have a useful life of eight years and no residual value. In 2019 and 2020, the company

In an analysis, the use of 'Multiple' type ratios is important. One of the most common of these is the Price Earnings Ratio. However, the EVIEBITDA ratio is another 'multiple' metric to analyze a stock's value. Given the following data, what is the EVIEEITDA ratio? The price of P&G stock is Commen Shares outstanding 250,000 Market Capital need to
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Assume, on January 1 , 2 0 1 9 , a parent company acquired an \ ( 8 0 \ % \ ) interest in its subsidiary. The total fair value of the controlling and noncontrolling interests was \ ( \ $ 6 9 0 , 0 0 0 \ ) over the book value of the subsidiary's Stockholders' Equity on the acquisition date. The parent assigned the excess fair value to the following
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in the current year J gifted shares of a public corporation to her child who is 16 years old. The shares, that originally cost $20,000, had a market value of $22,000 at the time of the gift. Later in the year, the child received an eligible dividend of $400 from the public corporation and then sold the shares for $30,000. What amount, if any, is

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8) A formal Audit and Risk Assurance Committee may be a subcommittee to the Board in larger, and certainly listed, organizations. The Audit and Risk Assurance Committee is charged with ensuring that the Board and Accounting Officer of the organisation gain the assurance they need on governance, risk management, the control environment and on the

Kookie , Inc. receives inventory on Mondays of each week. It makes sales throughout the week, but records sales on a weekly basis on Fridays. Kookie has a beginning inventory of 4,000 purchased at $5 each. Kookie , Inc.s suppliers do not offer discounts. The following purchases and sales were recorded during March. The selling price is $10 per
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Please show calculations- I am specifically struggling with question 2 Alpha and Beta are divisions within the same company. The managers of both divisions are evaluated based on their own division's return on investment (ROI). Assume the following information relative to the two divisions: Case 1 2 3 4 57,000 296,000 103,000 192,000 57,000
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Additional information: Trout adds direct materials at the beginning of the process, while conversion costs are incurred uniformly throughout the process. At the beginning of the period, Work in Process Inventory was 40% complete. At the end of the period, Work in Process Inventory was 70% complete. Required: Fill in the missing amounts. (Round
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What does posting a transaction mean

On January 1 st . 2017, X Company bought 80% of the outstanding common shares of the Y Company for $140,000 cash. On that date Y Company had $50,000 of common shares outstanding and $60,000 retained earnings. On this date the book values of each of Ys identifiable assets and liabilities were equal to their fair values except for the following:-

The power to tax income:

can someone please help me answer this? thanks! luxe model? A. $98,400 B. $93,700 C. $125,000 D. $89,000
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(Para Alteryx Designer) Una herramienta que resulta til en aquellas situaciones en las que se necesita combinar conjuntos de datos que tienen uno o ms campos en comn se denomina a. Unin b. Analizar c. Unirse d. Frmula

n January 1, the Matthews Band pays $68,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $1,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage

It is estimated that the output of 10,000 units would cost $12,000 and that 12,000 units would cost $13,600. Compute the following: i) The amount of fixed cost; ii) The estimated cost of 9000 units; iii) The number of units to be sold in order to break even if the unit selling price is $2.00; iv) The amount of profit if the price was reduced to

Help please! I can't figure out the allocations! Eilers Company has two producing departments and two support departments. The following budgeted data pertain to these four departments: Required: 1. Allocate the overhead costs of the support departments to the producing departments using the reciprocal method. (Round allocation ratios to two
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here was no other changes in stockholders' equity except comprehensive income during the year. Compute the amount f comprehensive income for the year
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Solar Components Incorporated has 50,000 shares of $2 par value common stock 5) outstanding. Solar Components declares a 10% stock dividend on May 1 when the stock's market value is $12 per share. The stock dividend is distributed on May 20. Prepare the joumal entry for the distribution of the stock dividend.

For a company to deduct a prior-year tax loss, it must Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a. Satisfy either of these two tests in this order: the continuity of ownership or the business continuity test b advise the ATO it intends to deduct the losses, which are not
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PLEASE ANSWER PART 2 ONLY Chapter 2: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks. The Chapter 2 Form worksheet is to be used to create your own worksheet version of the example in the text. Enter formulas in the cells that contain question marks. For
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Pharoah Company manufactures bowling balls through two processes: molding and packaging. in the molding department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are added at the beginning of

One Company uses a normal, traditional (functional) cost system and applies overhead to production based on machine hours. The accounting system provided the following information. Estimated overhead cost $150,000 Actual overhead cost $140,000 Estimated machine hours 20,000 hours Actual machine hours 25,000 hours Calculate the predetermined

Required information Skip to question [The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Per Unit Percent of Sales Selling price $ 135 100% Variable expenses 81 60 Contribution margin $ 54 40% Fixed expenses are $87,000 per month and the company is selling 2,900 units per month. 2-a.

Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, He narrowed his choice to Mount Perry College. Although internships are encouraged by

Prepare the following adjusting journals or correcting journals as at 30 June 2021 for Clarke Limited. Round all numbers to the nearest whole dollar where required. Narrations ARE required. a 1. Supplies totalling $7,000 were purchased by Clarke Limited on 1 July 2020 and recorded as an asset. On 30 June 2021 a stock count indicated supplies of
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intangibles pe Amortization of Intangibles For each of the following intangibie assets, indicate the amount of amortization expense that should be recorded for the year 2017 and the amount of accumulated amortization on the balance sheet as of December 31,2017 . -Represents the straight-line method. If an amount is zero, enter. "O
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Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the companys inventory balances were as follows: Raw materials $ 20,000 Work in process $ 11,600 Finished goods $ 30,800 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would

Which of these is an example of an automated control that is relevant for operational purposes but not likely to be relevant for financial reporting purposes? an airline's system of automated controls to maintain flight schedules a financial institution's automated controls to calculate interest income on loans a retailer's system of revenue
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Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo. The company began operations on May 1 and operated at 100% of capacity (74,800 units) during the first month, creating an ending inventory of 6,800 units. During June, the company produced 68,000 garments during the

QUESTION 4 to these products WYZ GH6,600. Variable Costs: All three products use the same Direct materials and Labour. In the next year, the available Budgeted sales demand (units)300500200 Unit Price (GH)161814 Company ABC manufactures and sells Product W, Y and Z. The following information relates Labour (GH)469 supply of material will be

Wayne and Tammi are partners in The Ivy Arrow . The firm has supplied the following details as at December 31, 2017 DETAILS DR CR Sales 570,000 Wages and Salaries 68,000 Discount Allowed 6,200 Loan Interest 15,000 Creditors 61,315 Return Outwards 8,500 Rent Received 14,000 Purchases 310,200 Debtors 54,350 Provision for Bad Debts 3,200 Telephone

Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 3% stock, $140 par, and 43,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,530; second year, $82,670; third year, $103,960;

please answer clearly Syarikat Layang uses the FIFO (First-in, First-out) costing method for its perpetual inventory system. It had inventory on 1 July 2022 consisting of 400 articles bought at RM4 each. Its purchase during the month of July consisted of 800 at RM4.20 each purchased on 8 July, and 2,000 at RM3.80 each on 18 July. It sold 2,400 at
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The comparative balance sheets for Crane Company show these changes in noncash current asset accounts: Accounts Receivable increased $77,200, Prepaid Expenses decreased $27,020, and Inventory increased $28,950. Calculate net cash provided by operating activities using the indirect method assuming that profit is $289,500 for the year ended May 31,
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Ayayai Co. purchased a machine on January 1, 2018, for $566,500. At that time, it was estimated that the machine would have a 10-year life and no salvage value. On December 31, 2021, the firms accountant found that the entry for depreciation expense had been omitted in 2019. In addition, management has informed the accountant that the company

Provide three examples of real activities management.

ESG comapny sold merchandise for $4,000 cash. which has a cost basis of $2000 The journal entry to record this transaction

In December, 20X8, a US company bought merchandise from an Israeli firm for 250,000 shekels. The exchange rates for the shekel were $.27 when the purchase was made, $.284 at year-end, and $.30 when the shekels were paid in 20X9. What are the US gains/losses in 20X8 and 20X9, respectively? $0, $7,500 gain $3,500 loss, $4,000 loss $3,500 loss,

please do this in GAAP principal not in Indian format ok this is new one. please do it in GAAP principal ACCT 20 PROJECT #1 July 2022 You and a partner, Santa Claus, started a kayaking and canoeing lessons business in Brighton on July 1, 2021. You invested $50,000 in cash and Mr. Claus gave the business a used van he owned, valued at $30,000, to
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Jurisdiction Z levies an excise tax on retail purchases of jewelry and watches. The tax equals 3 percent of the first $1,000 of the purchase price plus 1 percent of the purchase price in excess of $1,000. Required: Individual D purchases a watch for $6,400. Compute Ds excise tax and average excise tax rate. Individual D purchases a watch for

Tru Developers, Inc., sells plots of land for industrial development. Tru recognizes income for financial reporting purposes in the year it sells the plots. For some of the plots sold this year, Tru took the position that it could recognize the income for tax purposes when the installments are collected. Income that Tru recognized for financial

Calculate Beta estimate given the below information P=10weeks,O=6weeks,M=5weeks 6 5 18 3
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Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $350,000

A Hospital begins a capital campaign for a new building. A private foundation agrees to match all contributions from other sources, up to $10 million. During the year it receives contributions from other sources of $.5 million. Record journal entry

how to find 1 0 precentile using this excel sheet ?
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On your own words, describe the differences between current and long-term liabilities. Provide an example of each type. (1 Mark).

Hello, can you please show how you got the loss/disp calculation in this one? Thanks On November 3, 2020, Gamez 2 Go Media exchanged an old computer for a new computer that had a list price of $190,000. The original cost of the old computer was $150,000 and related accumulated depreciation was $65,000 up to the date of the exchange. Gamez 2 Go
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Q1. Examine with suitable examples, how organization strategy provides a valuable contribution in achieving organization vision? Give an example of a Saudi company and assess two examples of organizational strategies and operating plans. (2 Marks) Q3. What is regression analysis and how does it help in estimating a cost function? Interpret your

When are budgetary comparison schedules or statements required? Should the actual revenues and expenditures on the budgetary comparison schedules be reported on the GAAP basis? Why or why not?

show work please Tennessee Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: If the net income for the year was $71,000, what amount of dividends must have been declared during the year
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Shonda owns 1 , 0 0 0 of the 1 , 5 0 0 shares outstanding in Rook Corporation ( E & P of $ 1 , 0 0 0 , 0 0 0 ) . Shonda paid $ 5 0 per share for the stock seven years ago. The remaining stock in Rook is owned by unrelated individuals. Question Content Area a . What are the tax consequences to Shonda when Rook Corporation redeems 4 5 0 shares of

Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $6,100 and a fair market value of $14,100. Kelsey will invest a building with a book value of $30,000 and a fair market value of $68,100. What amount will be recorded to Sandra's capital account? a.$30,000 b.$68,100 c.$14,100 d.$6,100

how to slove this question? Consider a monopolist firm that faces the demand QD=4P+20. 1. (1 point) Find the inverse demand function and derive the revenue function of the firm, R(Q). That is, express the revenue as a function of the quantity Q (and not of the price). 2. Suppose that the monopolist's total production costs are linear and take the
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Provide any two (2) measures to reduce the undesirable effects of absorption costing. [10 marks]

A ledger is where the initial record of a day's transactions is entered. True or False True False
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For each of the separate revenue contract scenarios 1 through 5 , ( a ) measure the transaction price and ( b ) determine whether the transaction price is fixed, variable, or some combination of both. 1 . Loyola Inc. sells $ 5 0 , 0 0 0 of inventory during the year to customers for $ 1 0 0 , 0 0 0 . Loyola Inc. accepts returns up to 3 months after

You have to do further research on these three tests ( Mann- Whitney U test, Wilcoxon Rank Sum test, Spearman's rank correlation)

send me and asap. Cash Marketable Securities Accounts Receivable Inventory Prepaid Expense Equipment Accumulated Depreciation Total Assets 20x1 18,000 37,000 25,000 23,000 13,000 425,000 (183,000) 358,000 20x2 30,000 32,000 28,000 17,500 23,000 576,000 (200,000) 506,500 Current Liablities Accounts Payables Accrued Expense Dividends Payable
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Subject Terms Accounting Education Accounting and auditing profession Accounting education programs to advance the accounting and auditing profession Economics as a science HB71-74 Political science Description The aim of the research is to advance accounting education programs in a way that confronts the successive changes represented in the

(d) Suppose conditional volatility in a series is modelled using the following equation. Give the name of this model. What advantages does this model have relative to an ARCH(q)? 2=0+112+112 [4 Marks] (e) Suppose the following model is fitted to estimate conditional volatility in a time series. log(2)=+log(12)+112+[|1|122] Give the name of this

Use T-accounts to record the transactions below, which occur on March 12, 2022, close the T-accounts, and construct a balance sheet to answer the question. 1. Sell, deliver, and receive payment of $20,000 for service 2. Consume good or service and pay expense of $2,000 3. Sell product for $25,000 in cash with historical cost of $20,000 What is the
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In the U.S. financial reporting environment A. Financial Standards are determined by IFRS. B.Relevant information is always disclosed. C.Entities have primary responsibility for providing financial information about themselves. D. GAAP provides clear guidelines about how to handle all financial reporting issues faced by a firm.

How does an organization avoid getting Pensionable Insurable Earnings Report in the future?

Spherical Manufacturing recently spent $12 million to purchase some equipment used in the manufacture of disk drives. This equipment has a CCA rate of 45% and Spherical's marginal corporate tax rate is 32 a. What are the annual CCA deductions associated with this equipment for the first five years? b. What are the annual CCA tax shields for the

inventory hw 1-ventsn Cesting Mathods-fieriodesyitien Reguiredi 2. Prepare income statements under each of the three methods. 3. Which method do you recommend so that Weaver pays the least amount of taxes during 2017
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What strikes you as so strange about defining PRICE in marketing as "Everything the buyer gives up in exchange for the product:'

g and her spouse are both employed and salaries are their sole source of income. in the current year g's employment income was $90,000 and her spouse's was $97,000. They have two children ages 4 and 9. Child care expenses for the year include the following day care fees of $9,000 for the 4-year-old, after school day care fees of $4,500 for the

please help If you invest $5,244 in a long-term venture, you will receive $1,080 per year forever. Assuming your interest rate is 10% per year, what is the capitalized worth of your investment? Choose the closest answer below. OA. The capitalized worth of your investment is $5,136. OB. The capitalized worth of your investment is $5,680. OC. The
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need help with worksheet 1. Complete the following for the three projects assuming a hurdle rate of 12% 2. Invest $7,000 today, receive $2,000 in year 1,$4,000 in year 2 , and $8,000 in year 3 . - Calculate the Net Present Value assuming a hurdle rate of 10% - Calculate the internal rate of return. 3. Your favorite neighbor Poindexter learns you
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I have part A done and need help with part B. I keep getting the error shown in the attachment. Please show me how to fix this problem and to get the correct table. Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades oranges on a scale of 1 (poor) to 10 (excellent). At present, Sunblessed has 100,000
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The proper application of the Accrual Basis of Accounting records revenue and expenses in the following manner: Group of answer choices Revenue is recorded when earned, Expenses are recorded when paid. Revenue is recorded when cash is receivede, Expenses are recorded when incurred Revenue is recorded when cash is received, Expenses are recorded

10) Required information Problem 6-36 (LO 6-2) (Algo) Skip to question [The following information applies to the questions displayed below.] Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $60,000 and has incurred the following medical expenses: Dentist charges $ 1,270

Price Co. reported net income of $20,000 for the current year. It had unrealized losses on availableforsale debt securities of $1,700 after tax, and a foreign currency translation loss of $600 after tax. What is comprehensive income for the current year? A. $17,700 B. $19,400 C. $20,600 D. $18,300

Show that adj(adjA)=A if A is an invertible matrix with detA=1
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(a) Four years ago, Sungai Way Berhad acquired a computer-controlled milling machine to use in its medical device manufacturing operations at a cost of $5,000,000. The firm expected the machine to have an eight-year useful life and zero salvage value. The company has been using straight-line depreciation for the asset. Due to the rapid rate of

Brandon, an individual, began business four years ago and has never sold a 1 2 3 1 asset. Brandon owned each of the assets for several years. In the current year, Brandon sold the following business assets: Asset Original Cost Accumulated Depreciation Gain or Loss Machinery $ 3 0 , 0 0 0 $ 7 , 0 0 0 $ 1 0 , 0 0 0 Computers 1 0 , 0 0 0 6 , 0 0 0 (

Andy works for AB Co , a Hong Kong company, at an annual salary of $ 6 0 0 , 0 0 0 . On 1 May 2 0 2 0 , Andy married Marie. As a marriage gift, AB Co paid $ 1 8 , 0 0 0 to a travel company for the couple s honeymoon package tour to Japan. In addition, AB Co provided Andy with a flat, rent - free, from 1 May 2 0 2 0 , although Andy and Marie did

The purpose of this question is to assess students on SILOs - 1 , 2 & 3 . The financial information of Gamma Ltd and its 1 0 0 % owned subsidiary, Delta Ltd , for the period ended 3 0 June 2 0 2 4 is provided below. Gamma Ltd ( $ ) Delta Ltd ( $ ) Retained earnings ( 1 July 2 0 2 3 ) 6 7 5 , 0 0 0 3 5 1 , 0 0 0 Profit for the period 5 1 2 , 5 0 0

During 2021, Victory Co. purchased $1,600,000 of goods from Sauce Ltd. At the end of the year, 50% of those goods were still in Victory Co.'s ending inventory. During December 2021, Sauce Ltd. purchased $400,000 of goods from Victory Co. At the end of the year, 100% of those goods were still in Sauce Ltd.'s ending inventory. Both Victory Co. and
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1 5 points ReferencesItem 2 Mercer Asbestos Removal Company removes potentially toxic asbestos insulation and related products from buildings. There has been a long - simmering dispute between the company s estimator and the work supervisors. The on - site supervisors claim that the estimators do not adequately distinguish between routine work,
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Shiva Ltd. has introduced three products M, N and P. The following details are available: M N P Units per Machine Hour (Sh.) 100 50 25 Material costs per 100 units (Sh.) 8 12 25 Labour costs per Machine Hour (Sh.) 4 4 4 It is also informed that the same machine can interchangeably manufacture all products. Budget for the year 2022 shows: Total

Beaver Construction purchases new equipment for $42,840 cash on April 1, 2021. At the time of purchase, the equipment is expected to be used in operations for seven years (84 months) and have no resale or scrap value at the end. Beaver depreciates equipment evenly over the 84 months ($510/month). Required: 1.&2. Record the necessary entries in the

The aging method for estimating uncollectible accounts considers that a higher percentage of "older" accounts will not be collected compared to "newer" accounts. Group startsTrue or False

Engberg Company installs lawn sod in home yards. The companys most recent monthly contribution format income statement follows: Amount Percent of Sales Sales $ 138,000 100% Variable expenses 55,200 40% Contribution margin 82,800 60% Fixed expenses 25,000 Net operating income $ 57,800 Required: 1. What is the companys degree of operating leverage?

Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceWhite, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product White Fragrant Loonzain Total Percentage of total sales 48% 20% 32% 100% Sales $ 360,000 100% $ 150,000 100% $ 240,000

Royce, a California resident receives $20,000 from a rental building in Arkansas. Royce only reports the $20,000 to Arkansas and pays $2,000 net income tax to Arkansas. Since Royce is a California resident, California also taxes the $20,000, but gives him a tax credit for what amount for the tax he paid to Arkansas?

What tools and equipment are required to make sugar?

Bold Stapler Sales Company (BSS) began 2021 with cash of $80,000, inventory of $7,200 (400 staplers that cost $18 each), $2,000 of common stock, and $2,000 of retained earnings. The following events occurred in 2021. 1. BSS purchased additional inventory twice during 2021. The first purchase consisted of 1,600 staplers that cost $21 each, and the

On December 31, 2019, Silver Corporation acquired the following three intangible assets: A trademark for P300,000. The trademark has 7 years remaining legal life. It is anticipated that the trademark will be renewed in the future, indefinitely, without problem. Goodwill for P1,500,000. The goodwill is associated with Silvers Easy Manufacturing

question 11 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $25,015 cash plus $1,635 in sales tax for a new delivery truck estimated to have a five-year life and a $2,000 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual
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a) What is the difference between a control account and a subsidiary account? What is factoring receivables? b) A business maintains subsidiary accounts for each of its customers. On April 7, the business provides $2,500 in services to Anne Hill on account. On April 9, the business sells $4,000 (sales price) of merchandise inventory to Ron Wilson

please i need help for jul 31 , how to calculate cost of goods sold ant the quantity on the inventory on hand. Evootreira liseten Criva
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In vertical analysis for common-sized financial statements, the base for the income statement is typically A) Net Income B) Gross Margin C) Total Assets D) Net Sales

Centennial Inc. uses a perpetual inventory system and has the following data available for inventory, purchases, and sales for a recent year: Activity Units Purchase Price (per unit) Sales Price (per unit) Beginning inventory 150 $5.50 Purchase 1, Jan. 15 675 6.00 Sale 1 (395) $7.80 Sale 2 (325) 8.00 Purchase 2, Mar. 20 690 6.10 Sale 3 (370) 8.00

hello, can you help me how to explain this? thanks in advance. Variances Data for Variance Analysis: Labor 160 $ Materials 600 S Variances for Collar Sales Favorable/ Unfavorable Direct Labor Time Variance (Actual Hours-Standard Hours)x Standard Rate 320.00 Unfavorable Direct Labor Rate Variance 90.00 Unfavorable (Actual Rate-Standard Rate)x
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For this assignment you will be preparing all four financial statements for Dress Right Clothing Corporation. All of the information needed to prepare the statements has been provided on the trial balance tab of the Excel Project 3 Excel file. You must follow the correct format of the statements as shown in your ACC 200 textbook. 2 From the Trial

transactions pt2 froternet fayatie Rewuiredt Acevity 1+sef+5 * Ousmither 1) Defermine wivity Bussesses bere w tavey se raje moner fom seileg of their uf bek. 3) Gaimen Sheet arfouris AMets = Babrities + Stockholsen' Equir. 2. 1dentify and analyre the bujustonents for the chiceth of March 2017 . Activity 1aterest Rayave increase, interest Erosase
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Measures the resources controlled by a company and the claims on resources at a given point in time. Statement of Cash Flows Statement of Income Statement of Changes in Equity Statement of Financial Position

trader joes will invest $8,040 a year for 18 years in a fund that will earn 8% annual intrest if the first payment in the fund occurs today, what amount will be in the fund in 18 years? if the first payment occures at year end what ammojnt will be funned in 18 yr 1. first payment today 2. first year end payment

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