A 60-day, 9% note for $32,400, dated May 1, is received from a customer on account. The maturity value of the note is Oa. $32,886 Ob. $486 Oc. $35,316 Od. $32,400
Q: The cost of maintaining a certain permanent monument in Washington, DC occurs as periodic outlays of…
A: Capitalized cost of the maintenance using an interest rate of 8% per year can be calculated by using…
Q: tently app your existing mortgage $129,350. your bank iS willing to loan up to 709 the appraised…
A: Equity in home is the value of that is available after paying of the mortgage on the loan and credit…
Q: Shanice works in finance for a small manufacturing company and is working on next year’s budget. She…
A: Every Business has to Make Plans Long term and Short term and the ways to Achieve those plans. The…
Q: A loan in the amount of $280,000, is contracted over a period of 25 years to finance the purchase of…
A: Here,
Q: A large profitable corporation is considering a capital investment of $50,000. The equipment has a…
A: After tax cash flow for Year 2 can be calculated by using this equation After tax cash flow for…
Q: office 3-tray photocopier is for sale at PHP 16,000 in cash or on terms: PHP 2,500 down and PHP…
A: Option 1 : 16,000 in cash immediately Option 2 : Down-payment of 2500 and 1200 each month for 12…
Q: If you have $1,000,000 but you have to use it in the next 6 months. SPOT RATE 1S =30.50-31 B 6MTH…
A: Spot and Forward Rates: The spot rate is the exchange rate that is currently prevailing for a…
Q: A one-year annuity that pays $100 semi-annually will starts its payment in 6 months from now. APR is…
A: Present Value of Ordinary Annuity refers to the concept which dictates the discounted value of a…
Q: For the car loan described, give the following information. A car dealer will sell you a used car…
A: Note: As per Bartleby guidelines,If a question with multiple sub-parts are posted, first 3…
Q: Which of the following is not a function of financial markets? Scope transformation…
A: Financial markets, as the name implies, are a type of market that provides a way to buy and sell…
Q: A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is…
A: Short term loan: Short-term loans are borrowed funds used to fulfill immediate liquidity demands,…
Q: The XYZ Company paid $1.75 dividend yesterday. Its dividend growth rate is expected to be constant…
A: Dividend discount model refers to a stock valuation model which is used by the company for…
Q: A mortgage of $161000 is to be repaid by making payments of $1191 at the end of each month. if…
A: Mortgage repayment in equal amounts is a type of annuity. Annuity can be defined as a series of…
Q: Kahn Inc. has a target capital structure of 60% common equity and 40% debt to fund its $8 billion in…
A: For calculating growth rate, first we need to find cost of equity by using WACC equation WACC =cost…
Q: Barry Inc. is considering a project that has the following cash flow and WACC data. What is the…
A: Future value factor = 0.0975 (9.75%) Initial cash outflow = $53,600 n = Period i.e. 5 Years
Q: Equipment for immersion cooling of electronic components has an installed value of P 819,000 with an…
A: The declining balance method of depreciation is also known as the reducing balance method or the…
Q: Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is…
A: No. of shares for the auction = Authorized Shares - Wayne's Holdings - Venture Capitalists -…
Q: What will be the amount of each of the 4 annual payments that will have to be made to settle a debt…
A: Present Value of Annuity Due refers to a concept which determines the value of cash flows at present…
Q: Explain in detail how to derive the fund separation result from week 2. Explain what happens to the…
A: Efficient portfolio An efficient portfolio is one that offers the highest expected rate of return…
Q: What are the projects' NPVs assuming the WACC is 5%? Enter your answer in millions. For example, an…
A: NPV refers to net present value. It is the sum of present values of cash flows that occur in each…
Q: Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 8.75 and a current…
A: Bond: It is is an obligation security that is sold by huge business firms and government bodies to…
Q: Your firm is considering a project with a five-year life and an initial cost of $260,000. The…
A: NPV It is a capital budgeting tool to decide on whether the capital project should be considered or…
Q: What information does the payback period provide? Suppose Praxis Corporation's CFO is evaluating a…
A: The difference between the present value of cash inflows and the present value of cash outflows…
Q: The current price of Estelle Corporation stock is $23.00. In each of the next two years, this stock…
A: High price = Current price ×up move = $23 ×1.23 = $28.29Low price = Current price ×down move =$23…
Q: A service contract for a video projection system costs $80 a year. You expect to use the system for…
A: A series of equal cashflows for a certain number of periods at equal time interval can be defined as…
Q: Which of the following is true? B. The agent is expected to carry out an agency although its…
A: Agency is the contract entered between two parties namely agent and principal in which agent is…
Q: On the day his son was born, a father deposited to a trust company a sufficient amount of money so…
A: Future value of an investment is the value of total money in the investment account at a future…
Q: Entei Bank granted a P5,000,000 loan to Raikou Company on January 1, 2020. The annual interest on…
A: Here in this question we are required to find out the total interest income to be presented on the…
Q: The interest rate on a $14,600 loan is 10.0% compounded semiannually. Semiannual payments will pay…
A: The interest rate compounded semi annually means interest charged for every semi annual period and…
Q: An assembly operation at a software company now requires $100,000 per year in labor costs. A robot…
A: Capitalized cost can be defined as the present value of all future cashflows of a capital investment…
Q: Big Rock Brewery currently rents a bottling machine for $52,000 per year, including all maintenance…
A: Net Present Value: It is net off values of the current worth of money inflows and outflows…
Q: 13 Suppose that Argentina’s 10-year bonds are yielding more than 100 percent annually. Does this…
A: A bond is a bond that represents a loan that an investor makes to a borrower (usually a company or…
Q: What house value can Betty afford? Betty's annual income is $90,000 and she has monthly credit…
A: Here, To Find: Value of the house =?
Q: 11. Heinz Inc expects to generate earnings over the next five years of Php 50,000.00; Php 60,000.00;…
A: Value of the firm can be calculated by using capitalisation earning method. For this we need to use…
Q: If Phil borrows $40,000 from a loan company at an interest rate of 6.5% per year compounded weekly,…
A: Here, Loan amount = $40,000 Quarterly payment of the loan = $800 Interest rate = 6.5% compounded…
Q: sembly operation at a software company now requires $100,000 per year in labor costs. A robot can be…
A: In this given case, operating cost and Maintenance and operation expenses are to be written off in…
Q: The future earnings, dividends, and common stock price of Callahan Technologies Inc. are expected to…
A: The DCF approach , can be applied as follows, Cost of Equity =Expected dividend Curretn…
Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…
A: As per previous balance method, the interest is ascertained on the outstanding balance at the end of…
Q: Finance A stock has a current price of $267. A trader writes 9 naked option contracts on the stock,…
A: The margin requirement referred to the amount of cash or securities that an investor should deposit…
Q: The Bob's company is considering some new equipment for its bookstores. The project details are as…
A: As you have asked a multiple subpart question, we will answer the first three subparts for you. To…
Q: The carreacy bank hold in their vaults plus their deposits at the Federal Reserve. A Bank Reseves…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: facts, if the grocer, knowing A, allows him to pay on a later date, granting then only credit on the…
A: Business gives the credit on goods to increase the business but some time that turns into bad debt…
Q: Sun Instruments expects to issue new stock at $36 a share with estimated flotation costs of 9…
A: Stock price = $36 Flotation cost = 9% Current dividend = $1.70 Growth rate = 3%
Q: Riley Enterprises and Lane Industries both have new projects that require an initial investment of…
A: Internal rate of return can be defined as the capital budgeting technique which brings down the net…
Q: .What are the reasons for investing?
A: Investments: This includes people who determine the some values and returns relationships related…
Q: 8 GoldPure is considering the following independent, average-risk investment projects: Project…
A: The plowback ratio is a fundamental analysis metric that determines how much profit is kept after…
Q: Suppose there are only three assets (A, B, and C) in a market. Given the following information:…
A: Formula for expected return of the portfolio will be:
Q: The Patel Company has several financial issues to solve. As the company’s Financial Analyst you have…
A: Effective annual rate It is referred to as the real return on any interest paying investment…
Q: e) P130,000,00 5. QC Corp. declared its dividend consistent with its dividend yield of 0.10. This…
A: Dividend Yield refers to the ratio which shows the return potential or investor in form of cash…
Q: Suppose that a young couple has just had their first baby and they wish to ensure that enough money…
A: There is need of proper planning for the future requirements and if you make proper planning on time…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Chapter 08 Homework (Application) Show Me How eBook Calculator Entries for Notes Receivable 1. EX.08.01 Valley Designs issued a 90-day, 9% note for $60,000, dated April 17, to Bork Furniture Company on account. Assume 360 days in a year when 2. EX.08.02 ALGO computing the interest. 3. EX.08.03 ALGO a. Determine the due date of the note. July 16 v 4. EX.08.04 ALGO b. Determine the maturity value of the note. 5. EX.08.06 ALGO 6. EX 08.07 Feedhack 7. EX.08.20 ALGO YChec My Work The due date is the date the note is to be paid. 8. PR.08.02A BLANKSHEET Remember the interest rate is stated on an annual basis, while the term is expressed as days. Assume a 360 day year. The maturity value is the amount that must be paid at the due date of the note. c1. Journalize the entry to record the receipt of the note by Bork Furniture. If an amount box does not require an entry, leave it blank. Notes Receivable v Accounts Receivable-Valley Designs v FeedbackPROBLEM IV Journalize the following transaction: Mar. 1 Received a 60-day, note for $24, 000 dated today from Toy Co. on account Apr. 30 Received amount due on note above. Apr. 30 Received a 90-day , 10% note for $4,800, dated April 30, from Bear Co. on account. May 10 Discounted the note dated April 30 at Third National Bank at a discount rate of 10%.→ w How BE 8-5 Note receivable Obj. 6 Prefix Supply Company received a 120-day, 6% note for $500,000, dated April 12 from a customer on account. a. Determine the due date of the note. b. Determine the maturity value of the note. c. Journalize the entry to record the receipt of the payment of the note at maturity.
- -jasoniabattles@cont x udentFunctions/Interface/acellus_engine.html?ClassID=980092141 K to 12 6 BS Acellus - The Scienc M My Gmail B My Classes S My Drive-Google D.. Average Daily Balance Interest Calculation The balance on a credit card, that charges a 20% APR interest rate, over a 1 month period is given in the following table: $150 (initial balance) Days 4-20: $200 ($50 purchase) ($150 payment) Days 1-3: Days 21-30: $50 What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge $ [?] Round to the nearest hundredth. Enter Corporation All Rights Reserved.Find the amount due at maturity for a 180 day note of $38,400 at 11.7% ordinary interest if a partial payment of $20,000 is made on the 100th day of the loan. Show all your work in a neat and organized format. Edit View Insert Format Tools Table 12pt v Paragraph v BIUAv2v Tポv ...Problem 6-3: The Kissagram Corporation The Kissagram Corporation produced the following summary of its Accounts Receivable on October 31, 2021: Customer Total $ Notes Aniston 9000 25% over 30-60 days; Remainder 90. Leblanc 9000 100% > 90 days outstanding. Required 1. Prepare an aged schedule of Accounts Receivable. Use the following categories: 90 days (delinquent). 2. Compute the balance for the Allowance for Doubtful accounts (rounded to the nearest $). Assume bad debt percentages for each category of 0.7%, 7%, 12% and 22%. Upon completion, enter the following data here: Allowance for Doubtful Accounts submit
- 13 On November 1, Orpheum Company accepted a $10,000, 90-day, 8% note from a customer to replace an account receivable. What entry should be made by Orpheum on the November 1 to record the acceptance of the note? Mc Grew Multiple Choice Debit Notes Receivable $10,000 credit Cash $10,000 Debe Notes Receivable $10,000; credit Accounts Receivable $10,000 Dit Notes Receivable $10,000 credit Sales $10,000 Debit Notes Re-evable 310,200, crede Accounts Receivable $10.000: credit interest Revenue $200 Debit Sales $10.000 chade Accounts Receivable $10.000PROBLEM 4: A note purchased for P100 000 .00 is due in 12 months at 10% simple interest . After 5 months , the owner of the note sold it a client who charged a discount rate of 12 % . Determine the price paid for the note.07 Quiz Saved Help Save & Exit Submit TB MC Qu. O7-111 (Algo) Jasper makes... Jasper makes a $36,000, 90-day, 9% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and interest at maturity should be: (Use 360 days a year.) nts eBook Multiple Choice Ask Print eferences Debit Cash for $36,000; credit Notes Receivable $36,000. Debit Cash $36,810; credit Interest Revenue $810; credit Notes Receivable $36,000. Debit Cash $36,810; credit Notes Receivable for $36,810. Debit Notes Payable $36,000; Debit Interest Expense $3,240; credit Cash $39,240. raw ill TV MAR 15 tv MacBook Air 80 DD F1 F2 F3 F4 F5 F6 F7 F8 F9 @ %24 3 4 7 8. 9 Q W Y S D F G H J K
- Total interest to be earned on a $7,500, 5%, 90-day note is a. $93.75. c. $1,125.00. e. $125.00. b. $375.00. d. $31.25.Entries for discounted note payable A business issued a 30-day note for $57,000 to a bank. The note was discounted at 7%. Assume a 360 days in a year. a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. If necessary, round your answers to one decimal place. 88 Cash Interest Expense Notes Payable Feedback Check My Work a. Why is the company issuing the note? What type of note is being issued (interest-bearing or discounted)? How much will the company. owe on the maturity date? b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Notes Payable Cash10. The interest on a 30-day, $5,500 note issued at 8.5% is a. $41.25 b. $38.96. c. $40.68 d. $42.63