Your rich aunt has promised to give you $ 2 comma 000 per year at the end of each of the next four years to you pay for college. using a discount rate of 12%, the present value of the gift can be stated as

a. pv = $ 2 comma 000 x 12% x 4.

b. pv = $ 2 comma 000 (pv factor, i = 4%, n = 12).

c. pv = $ 2 comma 000 (annuity pv factor, i = 12%, n = 4).

d. pv = $ 2 comma 000 (annuity fv factor, i = 12%, n = 4). click to select your answer.

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.