In 2021, a basketball player signed a contract reported to be worth $72.4 million. The contract was to be paid as $10.2 million in 2021, $11.3 million in 2022, $12.6 million in 2023, $12.7 million in 2024, $12.7 million in 2025, and $12.9 million in 2026. If the appropriate interest rate is 7 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year. Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89. Present value

Lindy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 1.5%.Required:1. Record the adjusting entry for estimated warranty costs at the end of 2021.2. Record the summary entry for actual warranty expenditures in 2022, assuming all costs were paid in cash.3. Record the adjusting entry for estimated warranty costs at the end of 2022.4. What is the balance in Warranty Liability at the end of 2021 and 2022?

c) Man - Duen wants to buy a $28,000.00 T - bill that matures on 2019 - 12 - 08. His target price is $27,729.66, the (annual) simple interest rate is 3.120% and the daycount convention is ACT /360. What is the last date on which he can still buy the T - bill? How much does he pay?

A football player is offered a 5-year contract which pays him the following amounts:   Year 1:  $1.2 million Year 2:   1.6 million Year 3:   2.0 million Year 4:   2.4 million Year 5:   2.8 million   Under the terms of the agreement all payments are made at the end of each year.   Instead of accepting the contract, the football player asks his agent to negotiate a contract which has a present value of $1 million more than that which has been offered.  Moreover, the player wants to receive his payments in the form of a 5-year annuity due.  All cash flows are discounted at 10 percent.  If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)?   $1.500 $1.659 $2.439 $1.989 None of the above

please answer within 30 minutes..

On January 1, 2021, Tropical Paradise borrows $33,000 by agreeing to a 6%, four-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $775.01 are due at the end of each month with the first installment due on January 31, 2021.     Record the issuance of the installment note payable and the first two monthly payments. (Do not round intermediate calculations. Round your final answers to 2 decimal places. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

In March 2018, the Buffalo Bills signed Star Lotulelei to a contract reportedly worth $50 million. Lotulelei's salary (including bonuses) was to be paid as $17.1 million in 2018, $8.9 million in 2019, $7.5 million in 2020, and $8.25 million in 2021 and 2022. If the appropriate interest rate is 11 percent, what kind of deal did the defensive tackle sack? Assume all payments are paid at the end of each year. (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89.) Present value

In 2021, a basketball player signed a contract reported to be worth $60.8 million. The contract was to be paid as $8.2 million in 2021, $9.7 million in 2022, $10.6 million in 2023, $10.7 million in 2024, $10.7 million in 2025, and $10.9 million in 2026. If the appropriate interest rate is 10 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year. Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89. Present value

Gus deposits $8,000 on February 2, 2021. How much does Gus have on November 11, 2021 if the simple interest rate is 4%?

A baseball player is offered a 5-year contract that pays him the following amounts: Year 1: $1.26 million Year 2: $1.87 million Year 3: $2.49 million Year 4: $2.54 million Year 5: $3.15 million Under the terms of the agreement all payments are made at the end of each year. Instead of accepting the contract, the baseball player asks his agent to negotiate a contract that has a present value of $1.63 million more than that which has been offered. Moreover, the player wants to receive his payments in the form of a 5-year ANNUITY DUE. All cash flows are discounted at 12.00 percent. If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)? (Express answer in millions. $1,000,000 would be 1.00)