You invested $5000 eight years ago, and you want to determine the value of the investment now, at the end of year 8. During the past eight years, the nominal interest rate has fluctuated as follows: Year Nominal Interest Rate (% p. a.) 1 4 2 5 3 7 4 8 5 6 6 4 7 5 8 4 If your investment is compounded daily, how much is it worth today

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)