Aservice contract for a video projection system costs $80 a year. you expect to use the system for four years. instead of buying the service contract, what would be the future value of these annual amounts after four years if you earn 2 percent on your savings? use exhibit 1-b. (round fva factor to 3 decimal places and final answer to 2 decimal places.)

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

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