You're trying to save to buy a new car valued at $48,690. you have $38,000 today that can be invested at your bank. the bank pays 3.7 percent annual interest on its accounts. how long will it be before you have enough to buy the car for cash? assume the price of the car remains constant.5.13 years9.29 years4.67 years7.08 years6.82 years

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.