Question 21 (5 points) (continued from the previous question) Which of the following is (approximately) the present value? (note: if your answer is within $50 from one of the answer choices, it's a rounding issue: select that answer. For example, if you got something like $8,140, select the answer "$8,103") $5.405 $8.103 $9,065 $6,047 $19.063 $20.016 None of the above, because all the answers are more than $50 away from the correct present value Question 18 (5 points) On 1/1/X1 your company rendered a service to a customer and accepted in exchange a 2- year, non-interest bearing note receivable with $100.000 face value. You estimate the annual interest rate to be 10%, compounded annually. Which of the following statement is correct? On 1/1/X1 Revenue is credited for (approximately) $100,000 On 1/1/X1 Revenue is credited for (approximately) $82,645 On 1/1/X1 Revenue is credited for (approximately) $121,000 On 1/1/X1 Revenue is not credited, but other journal entries are red No journal entry is required on 1/1/X1 Question 21 (5 points) (continued from the previous question) Which of the following is (approximately) the present value? (note: if your answer is within $50 from one of the answer choices, it's a rounding issue: select that answer. For example, if you got something like $8,140, select the answer "$8,103") $5.405 $8.103 $9,065 $6,047 $19.063 $20.016 None of the above, because all the answers are more than $50 away from the correct present value Question 18 (5 points) On 1/1/X1 your company rendered a service to a customer and accepted in exchange a 2- year, non-interest bearing note receivable with $100.000 face value. You estimate the annual interest rate to be 10%, compounded annually. Which of the following statement is correct? On 1/1/X1 Revenue is credited for (approximately) $100,000 On 1/1/X1 Revenue is credited for (approximately) $82,645 On 1/1/X1 Revenue is credited for (approximately) $121,000 On 1/1/X1 Revenue is not credited, but other journal entries are red No journal entry is required on 1/1/X1