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54) Use the following 8% interest factors. 7 periods 8 periods 9 periods Present Value...

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Accounting

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54) Use the following 8% interest factors. 7 periods 8 periods 9 periods Present Value of Ordinary Annuity 5.2064 5.7466 6.2469 Future Value of Ordinary Annuity 8.9228 10.63663 12.48756 If S6,000 is deposited annually starting on January 1, 2012 and it earns 8%, what will the balance be on December 31, 2019? a) $63,820 b) $68,925 c) $57,820 d) $53,537 55) Lohmeyer Corporation reports: Cash provided by operating activities Cash used by investing activities Cash provided by financing activities Beginning cash balance $220,000 110,000 140,000 70,000 What is Lohmeyer's ending cash balance? a) $320,000 b) 470,000 c) 540,000 d) 250,000 56) Niles Co. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory. March 31 100 units 350 units 70 units 130 units @$2.10 $2.20 $2.25 The value assigned to ending inventory if Niles uses LIFO is a) $292 b) $276 c) 5273 d) 5290

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