The Grace Corporation had the following transactions Aug….

The Grace Corporation had the following transactions Aug. 1 Owner invested $38,000 to start the company Aug. 1 Purchased $600 of supplies Aug. 1 Purchased a three month insurance policy for $585 on account Aug. 22 Paid $350 for advertising  Aug. 29 Performed $800 of services for customers Aug. 30 Reported supplies on hand of $100 What amount of total assets would the company have at the end of the month?

The Lokken Company is considering investing in a financial c…

The Lokken Company is considering investing in a financial contract which will return the following amounts: Year 1 $5,800 Year 2 4,200 Year 3 3,100 Year 4 1,900 Assuming the contract earns ten percent interest, what amount should the company pay for the contract?  As needed use time value of money factors with at least four decimal places and then round your final answer (not intermediate steps) to the nearest whole dollar.