Suppose you can invest $1000 in a fund earning simple discount at an annual rate of 3% or in a fund earning simple interest at an annual rate of 16%.
How long must you invest your money in order for the simple discount account to be preferable?

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Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

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.)