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Exam (elaborations)

Solutions for Financial Accounting for Executives & MBAs, 5th Edition by Simko

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Complete Solutions Manual for Financial Accounting for Executives & MBAs, 5e 5th Edition by Simko, Wallace, Comprix. ISBN-13: 978-1-61853-366-1 Full Chapters Solutions are included Chapter 1 The Economic Environment of Accounting Information (pg. 2) Chapter 2 From Business Events to Financial Statements (pg. 38) Chapter 3 Measuring Performance: Cash Flow and Net Income (pg. 84) Chapter 4 Using Financial Statements for Investing and Credit Decisions (pg. 130) Chapter 5 Operating Cycle, Revenue Recognition, and Receivable Valuation (pg. 178) Chapter 6 Operating Expenses, Inventory Valuation, and Accounts Payable (pg. 222) Chapter 7 Long-Lived Fixed Assets, Intangible Assets, and Natural Resources (pg. 264) Chapter 8 Investing In Other Entities (pg. 300) Chapter 9 Debt Financing: Bonds, Notes, and Leases (pg. 344) Chapter 10 Commitments and Contingent Liabilities, Deferred Tax Liabilities, and Retirement Obligations (pg. 386) Chapter 11 Equity Financing and Shareholders’ Equity (pg. 418) Chapter 12 Using Accounting Information in Equity Valuation (pg. 460)

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Institution
Financial Accounting
Course
Financial Accounting








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Institution
Financial Accounting
Course
Financial Accounting

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Uploaded on
July 13, 2023
Number of pages
252
Written in
2022/2023
Type
Exam (elaborations)
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Questions & answers

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Appendix A
The Time Value of Money
EXERCISES
A.1 a. $7,000 x 1.25440 = $8,781

b. $7,000 x 1.40493 = $9,835

c. $7,000 x 1.26677 = $8,867


A.2 a. $3,000 x 2.15892 = $6,477

b. $3,000 x 2.19112 = $6,573

c. $3,000 x 2.20804 = $6,624


A.3 $1,000 x 5.63709 = $5,637


A.4 $4,000 x 241.33268 = $965,331


A.5 a. $20,000 x 0.83962 = $16,792

b. $20,000 x 0.83748 = $16,750


A.6 $8,000 x 3.88965 = $31,117


A.7 $30,000 x 0.21455 = $6,437 so it is better to accept $15,000 immediately.


A.8 $30,000 x 0.23300 = $6,990

$1,000 x 12.78336 = $12,783

Present value of the combined payoff is $19,773.




Solutions Manual, Appendix A A-1

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