Find the amount that results from the given investment. \( \$ 300 \) invested at \( 4 \% \) compounded quarterly after a period of 3 years After 3 years, the investment results in \( \$ \square \). (Round to the nearest cent as needed.)

QUESTION 8 A new cell phone was purchased for R 7 200. Determine the value of the cell-phone after 3 years if it depreciates at \( 25 \% \) per annum on Reducing Balance scale. \( A=P(1-i)^{n} \)

E5-32B. (Learning Objective 5: Apply GAAP for uncollectible receivables) At December 31, 2024, Concord Travel Agency has an Accounts Receivable balance of \( \$ 87,000 \). Its net accounts receivable is \( \$ 86,120 \) before the year-end adjustment. Service revenue (all on account) for 2024 was \( \$ 800,000 \). Concord estimates that its bad debt expense for the year is \( 3 \% \) of service revenue. Requirêments 1. Calculate Concord's bad debt expense for 2024 . 2. How are Concord's balance sheet and income statement impacted by the adjustment to recognize bad debt expense for the year? 3. Calculate the net realizable value of accounts receivable as of December 31,2024 .

7. Mohammed borrowed N2500 at \( 4 \% \) p.a. com- pound interest. He repays N600 at the end of each year. Find out during which year the debt will finish.

2. Which statements are wrong? A. Percentage taxes are basically on sales of services. B. Percentage taxes are not allowed by law to be shifted to the customers or clients. C. An isolated transaction not in the course of business will not result in a liability for a percentage tax. D. None of the above.

A car was valued at \( \$ 31,000 \) in the year 1995 . The value depreciated to \( \$ 11,000 \) by the year 2003. A) What was the annual rate of change between 1995 and 2003 ? \( r=\square \) Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2007 ? value \( =\$ \)