Add the purchase of land and a warehouse building from Deluxe Properties, check no. 1012, amount: $10,000, as a down payment on land $15,000 and a building $35,000. The balance was paid by signing a long-term note for $40,000 to the Bank of San Diego (a new vendor)
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Add the purchase of land and a warehouse building from Deluxe Properties, check no. 1012, amount: $10,000, as a down payment on land $15,000 and a building $35,000. The balance was paid by signing a long-term note for $40,000 to the Bank of San Diego (a new vendor)
I have seen a one almost the same but its not what im looking for. Do we add a check for the 10,000 and what accounts? and then
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- The following information relates the questions 18. 19, 20, 21 and 22. (Note: The following Information will also be needed to answer questions no. 19, 20, 21 and 22. You may want to take a picture or write it on a paper.) A summary of the entries in the cash ledger account of Bulacan Gardens for the month of March 2019 showed the following: Cash from Accounts: P400,000 250,000 100,000 600,000 Receivables Cash Sales Dividend Received Cash from Issue of Shares Payments for Accounts Payable Payments of Wages Purchase of Land Payment of Dividends Purchase of Service Vehicle 300,000 150,000 200,000 200,000 450,000 150,000 50,000 Payment of Taxes Payment of Interest 18. How much were the receipts from customers of Bulacan Gardens? a. P650,000 b. P250,000 c. P1,350,000 d. P400,000 19. How much were the payments to suppliers an employees of Bulacan Gardens? a. P 150,000 b. P 550,000 с. Р 300.000 d. P 450,000 20. How much was the cash flow from the operating activities of Bulacan Gardens? а. Р…Supposed that you have a business, and you are going to prepare checks for thefollowing: (You can create your own check or simply download a blank check) 150,000 payable to Ronald James Abad for the consultation fee. 65, 350.90 for the payment equipment purchased from Abenson ApplianceStoreYour supervisor has tasked you with evaluating several loans related to a new expansion project. Using the PVIFA table (table 9.4 in the textbook), determine the annual payment on a $365,900, 7% business loan from a commercial bank that is to be amortized over a five-year period. Show your work. Does this payment seem reasonable? Explain.
- Suppose you are a relationship manager at an international bank. A customer who recently got admission at a prestigious Business School approached you for an education loan of Rs. 36,00,000. Your bank offers the education loan at 9.6 percent to be repaid in 10 years in EMIs. You are assigned the task of preparing the amortization schedule for the customer and answer the following. Prepare the amortization schedule for the first 5 EMIs. What will be interest paid for 93th EMI? What will be the loan balance after 93th EMI? What is the total interest paid for the loan?The following certificate of deposit (CD) was released from a particular bank. Find the compound amount and the amount of interest earned by the following deposit. $4000 at 1.21% compounded semianually for 3 years. The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The interest earned is $. (Do not round until the final answer. Then round to the nearest cent as needed.)The local bank is currently offering a new investment product, where deposits earninterest according to the following scheme:• An interest rate of r is applied on the 15th day of each month.• A bonus interest rate of t is applied on the 30th day of every odd month. (Theseare the months of January, March, May, July, September, and November.)1. Suppose that you want to deposit an amount of P dollars into the account twice:on January 1 and August 1 in 2023. If you want the value of your investment tobe S by April 30, 2024, express P in terms of S, r, and t.(Note that r and t are not APRs.)2. What is the effective annual rate of the above compounding scheme?
- I need help for D, E, and G please You are a loan officer at the West Elm Savings and Loan. Mr. and Mrs. Brady are in your office to apply for a mortgage loan on a house they want to buy. The house has a market value of $170,000. Your bank requires 1/5 of the market value as a down payment. (a) What is the amount (in $) of the down payment? $ (b) What is the amount (in $) of the mortgage for which the Bradys are applying? $ (c) Your bank offers the Bradys a 30 year mortgage with a rate of 5%. At that rate, the monthly payments for principal and interest on the loan will be $5.37 for every $1,000 financed. What is the amount (in $) of the principal and interest portion of the Bradys' monthly payment? $ (d) What is the total amount (in $) of interest that will be paid over the life of the loan? $ (e) Your bank also requires that the monthly mortgage payments include property tax and homeowners insurance payments. If the property tax is $1,710 per…tme unIount 0I Ict T ccCIvao. Question 6.2: Bank Mysarah provides a financing facility based on the principles Murabahah to the Purchase orderer to Barakah Construction. to purchase specialized equipment to be used for their business project. The financing amounted to OR 500.000 at a constant rate of return of 10% for a period of 5 years. The annual installment payment is OR 150,000. Required : a) Prepare journal entries for Bank Mysarah only for the first year and final year of the contract. b) Present a statement showing the amount of net receivable and murabahah income for the whole duration of the contract. 6.3(Table) SCENARIO: Assume that Empathy State Bank begins with the balance sheet shown and is fully loaned-up. Vanessa has a checking account at Empathy State Bank. If she writes a check for $5,000 to pay for her new car and if the bank has a reserve requirement of 5%, this bank's excess reserves will be $5,250. negative; Empathy State Bank will need to acquire $2,250 in reserves. $0; Empathy State Bank will be fully loaned-up. $250.
- RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please A merchant acquires a lot of merchandise with a value of $ 350,000 that he agrees to liquidate by making an immediate payment of 123,500 and a final payment 5 months later, agreeing to pay interest at a rate of 23% semi-annually. How much should this payment be?The local bank is currently offering a new investment product, where deposits earn interest according to the following scheme: A ● An interest rate of r is applied on the 15th day of each month. ● A bonus interest rate of t is applied on the 30th day of every odd month. (These are the months of January, March, May, July, September, and November.) 1. Suppose that you want to deposit an amount of I dollars into the account twice: on January 1 and August 1 in 2023. If you want the value of your investment to be S by April 30, 2024, express in terms of S, r, and t. (Note that r and t are not APRs.) 2. What is the effective annual rate of the above compounding scheme?As the Loans Manager at First Union Bank, you are evaluating Woodlawn Racetrack for a potential loan. An examination of the Notes to the Financial Statements indicate restricted cash at year-end amounts to $100,000. Explain as comprehensively as possible how you would use this information in evaluating Woodlawn’s liquidity