An engineer plans to work with a consultant before starting her own firm. She estimates that she will need $70,000 to start her own firm in ten years, $110,000 at the end of the first year of business, $50,000 at the end of the second year, and $30,000 at the end of the third year. After the third year of business, her firm should be self-sufficient. Assuming that the interest rate is 5% and that her annual payments occur at the ends of years one through ten, approximately how much does she need to deposit each year in order to have the funds required to start her own firm

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)