JK Industries Just Signed a Sales Contract with a New

question 41

Multiple Choice

JK Industries just signed a sales contract with a new customer.JK will receive annual payments in the amount of $62,000,$108,000,$135,000,and $150,000 at the end of Years 1 to 4,respectively.What is this contract worth at the end of Year 4 if the firm earns 4.3 percent on its savings?

• A)$497,425.35
• B)$402,311.19
• C)$466,118.00
• D)$485,271.13
• E)$478,639.54

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Definitions:

Portal Triads

are structures in the liver consisting of a bile duct, a branch of the hepatic artery, and a branch of the hepatic portal vein.

Submucosa

The layer of dense irregular connective tissue or loose connective tissue that lies beneath a mucosa, providing it with nutrients and support.

Alimentary Canal

The whole passage along which food passes through the body from mouth to anus, including the esophagus, stomach, and intestines.

Common Hepatic Duct

A duct in the liver that carries bile from the liver and joins with the cystic duct to form the bile duct.