20. In what way(s) is net income different from net cash flow? a. Cash flow is o
ID: 2542990 • Letter: 2
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20. In what way(s) is net income different from net cash flow? a. Cash flow is on the balance sheet 'as of" a certain date; while net income covers a period of time, b. Cash flows may relate to transactions that would not be reported on the income statement. c. Net income is reported on the accrual basis; cash flow is not. d. a, b, and c are all correct answers e. Only b and c are correct answers. 21, Cheri has $1,00 to invest today. How much money will she have in 15 years if she earns 9% compounded semiannually? a. $3,745 b. $13,268 c. $3,642 d. $1,935 e. $29,361 Jessie began making $2,000 equal annual deposits in a fund starting on January 2, 2014. The fund earns 10% compounded annually, and the last deposit is made on January 2, 2018, How much will be in the fund on January 2, 2019, one year after the final deposit? a. $9,282 b· $10,210 c. $12,210 d. $13,431 e. $14,774 22. Susan has just won $150,000 in the state lottery. The $150,000 will be paid out in ten equal annual payments of $15,000, beginning one year from today. Assuming an 8% interest rate compounded annually, the value of those receipts today is a. $69,479 b. $100,651 c. $108,703 d. $138,000 e. $217,298 23.Explanation / Answer
As per chegg guidelines we answer one question per post. Kindly post remaining questions in next post Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Q20 e only b and c are correct answers b is correct since Investing activities (like purchase and sales of fixed asset) and financing activities (Issue of stock, repayment of loan) are not part of income statement c) yes cash flow statement is not on accrual basis since it considers transactions affecting cash Q21 A = 1000 (1+4.5/100)^30 3,745.32 a $ 3,745
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