ACC 421 Complete Class

1
ACC 421 Week 5 Team Assignment P6-7, P5-7,
P23-7, P23-8

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• P6-7 (Time Value Concepts Applied to Solve
  Business Problems) Answer the following questions
• related to Dubois Inc.
• (a) Dubois Inc. has 600,000 to invest. The
  company is trying to decide between two
  alternative uses ofthe funds. One alternative
  provides 80,000 at the end of each year for 12
  years
• (b) Dubois Inc. has completed the purchase of new
  Dell computers. The fair value of the equipment
  is824,150. The purchase agreement specifies an
  immediate down payment of 200,000
• (c) Dubois Inc. loans money to John Kruk
  Corporation in the amount of 800,000. Dubois
  acceptsan 8 note due in 7 years with interest
  payable semiannually. After 2 years (
• (d) Dubois Inc. wishes to accumulate 1,300,000
  by December 31, 2022, to retire bonds
  outstanding. Thecompany deposits 200,000 on
  December 31, 2012, which will earn interest at
  10
•  
•  
• P23-7 (SCFDirect and Indirect Methods from
  Comparative Financial Statements) Chapman
  Company,
• a major retailer of bicycles and accessories,
  operates several stores and is a publicly traded
  company.
• The comparative balance sheet and income
  statement for Chapman as of May 31, 2012, are
  shown on thenext page. The company is preparing
  its statement of cash flows.