Simon receives a 10-year increasing annuity-immediate paying 100 the first year and increasing by100 each year thereafter. Jessica receives a 10-year decreasing annuity-immediate payingxthe firstyear and decreasing byx/10 each year thereafter. At an effective annual interest rate of 5%, bothannuities have the same present value. Calculatex.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%