*NEW* ACC 225: Week Nine Solution

ACC 225

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 225 Week 9 Solution

1. Final Project: Comprehensive Problem-Perpetual
• Review Chapter 7 Demonstration problem
• Resources: Appendix A, Fundamental Accounting Principles, p. 301, and Appendix C
• Complete the Comprehensive Problem-Perpetual. In this project, follow the steps of the accounting cycle to process given transactions in a business environment. Then, synthesize special journals, a trial balance, financial statements, and a post-closing trial balance.
• Use the spreadsheet in Appendix C available on the student Web site to complete the problems. Use the tabs labeled P07C and Given P07C.

Click here for the SOLUTION

ACC 225: Week Nine Solution

ACC 225

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 225 Week 9 Solution

Final Project: Comprehensive Problem-Perpetual
• Resources: Appendix A, Fundamental Accounting Principles, p. 301, and Appendix C
• Due Date: Day 7 [Individual] forum
• Complete the Comprehensive Problem-Perpetual. In this project, follow the steps of the
accounting cycle to process given transactions in a business environment. Then,
synthesize special journals, a trial balance, financial statements, and a post-closing trial
balance.
• Use the spreadsheet in Appendix C available on aXcess to complete the problems. Be
sure to use the tabs labeled P07C and Given P07C.
• Post your answers as an attachment.
Click here for the SOLUTION

FIN 200: Week Nine Solution

FIN 200

Axia College of University of Phoenix (UoP)

Introduction to Finance: Harvesting the Money Tree

Fin 200 Week 9 Solution

Assignment: Present Value, Future Value, and Annuity Due

• Resource: Ch. 9 of Foundations of Financial Management
• Due Date: Day 5 [Individual forum]
• Complete Problems 3, 4, and 5 on pp. 278-279.
• Post as an attachment.

Click here for the SOLUTION

3. You will receive $5,000 three years from now. The discount rate is 8 percent.
a. What is the value of your investment two years from now? Multiply
$5,000 .926 (one year’s discount rate at 8 percent).
b. What is the value of your investment one year from now? Multiply your
answer to part a by .926 (one year’s discount rate at 8 percent).
c. What is the value of your investment today? Multiply your answer to part b
by .926 (one year’s discount rate at 8 percent).
d. Confirm that your answer to part c is correct by going to Appendix B (present
value of $1) for n 3 and i 8 percent. Multiply this tabular value by
$5,000 and compare your answer to part c. There may be a slight difference
due to rounding.
4. If you invest $9,000 today, how much will you have:
a. In 2 years at 9 percent?
b. In 7 years at 12 percent?
c. In 25 years at 14 percent?
d. In 25 years at 14 percent (compounded semiannually)?
5. Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is
discounted at 12 percent, which should you choose?

Click here for the SOLUTION