Question: Please help me answer these questions. No explanation needed A company wants to deposit $68,400 into a 9% investment fund. How much will be in

Please help me answer these questions. No explanation needed

Please help me answer these questions. No explanation needed A company wantsto deposit $68,400 into a 9% investment fund. How much will bein the account after 5 years? (Ch6) O $105,242 $409,354 $44,455 O$266,052A company uses dollar-value LIFO and has layers of $200,000 at a1.00 index from 20X1 and $40,000 at a 1.04 index from 20X2.

A company wants to deposit $68,400 into a 9% investment fund. How much will be in the account after 5 years? (Ch6) O $105,242 $409,354 $44,455 O $266,052A company uses dollar-value LIFO and has layers of $200,000 at a 1.00 index from 20X1 and $40,000 at a 1.04 index from 20X2. If the company has $260,000 of inventory at end of year prices for 20X3 and a 1.11 index for 20X3, what would be the total dollar-value LIFO amount for 20X3? (Ch8) O $237,000 O $260,000 $234,234 O $235,603Which of the following subsequent costs on a building would be expenaed? (Chit?) O Repairing a defective electrical wire in an office 0 Adding a new loading dock to the building 0 Remodeling and rearranging the cafeteria area 0 Replacing windows with improved hurricane-proof glaea On October 1, 20X8, a company has a fire that destroyed equipment that originally cost $160,000 on January 1, 20X4. The equipment's yearly depreciation was $13,000. If the insurance proceeds total $124,000, what should the company record? (Ch10) )Dr. Cash $124,000; Cr. Gain on disposal of equipment $12,750; Cr. Equipment $111,250 O Dr. Cash $124,000; Dr. Accumulated depreciation $48,750; Cr. Gain on disposal of equipment $12,750; Cr. Equipment $160,000 Dr. Cash $124,000; Dr. Accumulated depreciation $61,750; Cr. Gain on disposal of equipment $25,750; Cr. Equipment $160,000 O Dr. Cash $124,000; Dr. Accumulated depreciation $48,750; Cr. Gain on disposal of equipment $16,000; Cr. Equipment $160,000A company signs a contract for $510,000 for light bulbs to be produced later in the year. Before the light bulb production has started, the market value of the contract falls to $490,000. What journal entry should be recorded for the payment after the contract completion? (Ch9) O Dr. Inventory $490,000; Dr. Estimated liability on purchase commitments $20,000; Cr. Cash $510,000 O Dr. Inventory $510,000; Cr. Cash $510,000 O Dr. Inventory $490,000; Cr. Cash $490,000 O Dr. Inventory $490,000; Dr. Loss on settlement of contract $20,000; Cr. Cash $510,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!