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David K.
Accounting Student at Oklahoma State University
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Finance
TutorMe
Question:

You receive payments over 4 years of $2000. To begin you had to make an initial investment of $1000. The relevant interest rate is 6%. What is the net present value of this account?

David K.
Answer:

The net present value is $5,930.21

Algebra
TutorMe
Question:

5(-3x-2) - (x - 3) = -4(4x + 5) +13

David K.
Answer:

The equation ends up becoming 0 = 0

Accounting
TutorMe
Question:

What is the difference, when accounting for revenue, between cash basis accounting and accrual basis accounting?

David K.
Answer:

You recognize revenue when you receive cash in cash accounting, and recognize revenue when you earn it in accrual accounting.

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