Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. construction accounting problem an electric

construction accounting problem An electrical contractor has a...

60.1K

Verified Solution

Question

Accounting

construction accounting problem

image

An electrical contractor has a contract with ABF Manufacturing to provide maintenance for its computers and other electrical devices. What is the present worth of the contract if the company will receive a total of $12,000 yearly payments beginning in year 2 and ending in year 10 with an interest rate of 10% per year? Select the correct factor formula: P=12k(P/A,10%,9)(P/F,10%,1)P=12k(P/A,10%,2)+$12k(P/F,10%,10)P=12k(P/F,10%,2)+(P/F,10%,10)P=12k(P/A,10%,8)(P/F,10%,2)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Discuss the role of plant tissue culture methods for generation of (a) somatic hybrid plants, and...

Biology
1.2K views

what are the effects of treachery smoking and secondary smoking.

Advance Math
1.2K views

Let L1 be the line passing through the point P1=(?3, ?1, 1) with direction vector ?d1=[1, ?2, ?1]T, and let L2 be the line passing through the point P2=(8, ?3, 1) with direction vector ?d2=[?1, 0, 2]T. Find the shortest...

Basic Math
1.2K views

The IMF is an international organization of 189-member countries that, among other things, looks to assist...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Hart Company made 4,900 bookshelves using 22,000...

Biology
1.2K views

The DNA strand that is replicated in discontinuous segments is known as the strand.Okazakileadinglagging3' ->...

Calculus
1.2K views

Consider the function p x Select the correct answer below 20 V 1200 32 554...

Accounting
1.2K views

Exercise 10-14A Straight-line amortization of a bond discount LO 10-4 Diaz Company issued bonds with...

Accounting
1.2K views

The PP&E gross book value at the start of the month is 60,000, and the...

Finance
1.2K views

Question #6 (10 points) MBI LLC expects an EBIT of $2,300 every year forever. The...

Accounting
1.2K views

The city of Tallahassee's total tax-supported debt service expenditures in fiscal year 2016 were $12,032...

Finance
1.2K views

7. Nonconstant growth stock As companies evolve, certain factors can dilive sudden growth. This may...