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Please expain or give work steps for question 2, 8, 10 2. Your friend is...

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Accounting

Please expain or give work steps for question 2, 8, 10

2. Your friend is considering an investment costing $43,950 which is expected to return an annuity for the next 5 years. The minimum annual cash inflow (to the nearest dollar) required to satisfy your friends required rate of return of 8% per year is

a) $6,528

b) $11,007

c) $8,790

d) $13,600

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Use the following information to answer the next three questions. Harry Haywire Limited has the following sales budget for the first four months of 2017. anuary February March April $250,000 $260,000 $240,000 $230,000 Sales are normally 35% cash and 65% credit in any one month. Credit sales are collected 60% in the first month and 40% in the second month following sale. 8.The balance of accounts receivable on 1 March is expected to be a) $62,400 b) $250,400 c) $169,000 d) $234,000 9.Total cash receipts for March will be a) $250,400 b) $188,500 c) $279,000 d) $210,000 10, The cost of goods sold is expected to be 60% of sales. The company wants sufficient inventory to be available at the end of each month to cover 30% of the following month's sales. The expected cost of purchases in February is a) $144,000 b) $142,200 c) $152,400 d) $151,800

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