Which is the correct organization for a   Triad? 

Cost of goods available for sale is computed as follows:  

Both merchandising and manufacturing companies normally have multiple inventory accounts.

The cost flow assumption adopted must be consistent with the physical movement of the goods.

Spencer Corporation will invest $20,000 at the end of each year for the next six years (2025 – 2030). If Spencer earns 12% on the investment, what amount will be in the investment fund on December 31, 2030? Period                 Future value of an ordinary annuity of $1 at 12% 6                          8.11519   Period                 Future value of an annuity due of $1 at 12% 6                          9.08900  

What is the normal journal entry when writing off an account as uncollectible under the allowance method?  

Bella requires $240,000 in four years to purchase a new home. What amount must be invested today in an investment that earns 6% interest, compounded annually?                                 Periods               Present value of $1 at 6% 1                         0.94340 2                         0.89000 3                         0.83962 4                         0.79209 5                         0.74726 6                         0.70496          

What is the primary difference between an ordinary annuity and an annuity due?   

Companies record and report long-term notes receivable at the present value of the cash they expect to collect.

Massers Company is issuing long-term bonds to raise money for a planned acquisition.  The face value of the bonds is $10,000,000.  The stated interest rate is 10% payable semiannually for the 10-year term.  The current market rate for similar bonds is 8%.  What price should Massers issue this bond at? Period                 Present value of $1 at 8% 10                       0.46319 Period                 Present value of $1 at 10% 10                       0.38554   Period                 Future value of $1 at 8% 10                       2.15892 Period                 Future value of $1 at 10% 10                       2.59374   Period        Present value of an ordinary annuity of $1 at 8% 10                6.71008 20                 9.81815   Period        Present value of an ordinary annuity of $1 at 10% 10                6.14457 20                8.51356   Period        Present value of an ordinary annuity of $1 at 4% 10                8.11090 20                13.59033   Period        Present value of an ordinary annuity of $1 at 5% 10                7.72173 20                12.46221