Use these present value tables to answer the following questions.

Below is a table for the present value of $1 at compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	0.890	0.826	0.797
3	0.840	0.751	0.712
4	0.792	0.683	0.636
5	0.747	0.621	0.567

Below is a table of the present value of an annuity of $1 at compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	1.833	1.736	1.690
3	2.673	2.487	2.402
4	3.465	3.170	3.037
5	4.212	3.791	3.605

1-  Using the above tables, what would be the present value of $12,835  to be received four years from now, assuming a 10% rate of return?

2- Using the  partial present value table of $1 at compound interest, what is the present value of $33,956 to be received three years from now with earnings at a rate of 6% per year ?

3.  Using the above tables, what would be the present value of $12,835  to be received four years from now, assuming a 10% rate of return?

4. Using the above tables, what would be the present value of $49,000 (rounded to the nearest dollar) to be received three years from now, assuming a 6% rate of return?

5- A company produces its products through a continuous process that involves three production departments, from 1 to 3. The following are the selected transactions related to production during August:

(a)	Materials purchased on account, $120,000.
(b)	Material requisitioned for use in Department 1, $125,700, of which $124,200 went directly into the product.
(C)	Labor cost incurred in Department 1, $195,400, of which $174,000 was used directly in manufacturing the product.
(d)	General factory costs for Department 1 incurred on account, $54,700.
(mi)	Depreciation of machinery in Department 1, $29,200.
(F)	Expiration of the prepaid insurance charged to Department 1, $7,000.
(grams)	Factory overhead applied to production in Department 1, $106,300.
(h)	Proceeds from Department 1 transferred to Department 2, $362,700.

Required:

Submit entries to record selected transactions related to production during the month of August.

Answer rating: 100% (QA)

answer 1 The present value of 12835 to be received four years from now assuming a 10 rate of return can be calculated using the table for the present ... View the full answer