accounting

posted by .

Pearson corporation makes an investment today (January 1, 2010). They will receive $10,000 every December 31st for the next six years (2010-2015) If pearson wants to earn 12% on the investment, what is the most they should invest on January 1, 2010? A) $41,114 B) $46,048 C) $81,152 D) $90,890

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Accounting

    Milner company will invest $200,000 today. The investment will earn 6% for 5 yearswith no funds withdrawn. In 5 years, the amount in the investment fund is A) $200,000 B) $260,000 C) 267,646 D) $268,058
  2. Accounnting

    Vannoy Corporation will invest $25,000 every January 1st for the six years (2010-2015). If Wagner will earn 12% on the investment, what amount will be in the investment on December 31, 2015?
  3. accounting

    Lily Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2009 $400,000 $250,000 2010 $460,000 $300,000 2011 $590,000 $400,000 Lily began business on January 1, 2009, with …
  4. accounting

    Pearson Corporation makes an investment today (January 1, 2012). They will receive $6,000 every December 31st for the next six years (2012 – 2017). If Pearson wants to earn 12% on the investment, what is the most they should invest …
  5. fundamental accounting principle II

    How do I explain to a customer about the $6000. loss reported on the sale of its investment of common stock that the customer has 40% interest. When the 2010 income statement reported earning form all investments were $126,000. On …
  6. accounting

    Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 2, 2010. Sherman Corporation had 100,000 shares of common stock outstanding during 20 I3, paid cash dividends of $120.000 …
  7. accounting

    A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to record the earnings made on the sinking fund investment …
  8. accounting

    A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to record the earnings made on the sinking fund investment …
  9. accounting

    Pike Corporation paid $100,000 for a 10% interest in Salmon Corp. on January 1, 2010, when Salmon's stockholders' equity consisted of $800,000 of $10 par value common stock and $200,000 retained earnings. On December 31, 2011, after …
  10. Accounting

    Samantha owned 1,000 shares in Evita, Inc. an S corporation, that uses the calendar year. On October 11, 2010, Samantha sells all of her Evita stock. Her basis at the beginning of 2010 was $60,000. Her share of the corporate income …

More Similar Questions