annual deposit should BOBOT Company make for four years in order to accumulate the desired amount on July 1, 2023

Q: On January 1, 2020, Aggie Company purchased a building for $65,000, making a cash down payment of…

A: Interest Expenses:- It is an amount which one pays over the principal amount of loan or mortgage…

Q: In order to meet some future liabilities, a company makes the following series of regular…

A: Given information : First three year payments made in every 4 months  13633 Second four year…

Q: On March 15, year 1, ABC Corporation adopted a plan to accumulate P1,000,000 by September 1, year 5.…

A: Amount to be accumulated = P1000000 Number of deposits (n) = 4 r = 10% Let the annual deposit = A

Q: The balance of cash surrender value of life insurance policy on the books of Paulo Corporation…

A: Insurance: It is the agreement between the insurance company which called insurer and person…

Q: On January 15, 2012, Dolan Corp. adopted a plan to accumulate funds for environmental improvements…

A: Annuity refers to the series of payments made at an equal set of intervals. Annuity due refers to…

Q: airment loss for 2020? (Round PV factors to 2 decimals)

A: Given: To find the correct option from the given data's as,

Q: Qin Jiushao deposits 1, 000 into a fund on January 1, 2020 and then another deposit of unknown…

A: Here, Deposit Amount is $1000 Time Weighted Yield Rate is 10%

Q: Wiseman Video plans to make four annual deposits of $2,000 each to a special building fund. The…

A: The future value for 4 years of ordinary annuity $9,559 is computed by multiplying annual deposit,…

Q: On March 15, year 1 ABC Corporation adopted a plan to accumulate P1,000,000 by September 1, year 5.…

A: Annual deposit = X Interest rate (i) = 10%

Q: $122093

A:

Q: On December 31, 2020, Chase Bank has a 5-year loan renewable with a face value of $5,000,000 dated…

A: 5 year Loan               = $5000000 Accrued Interests       =   $500000 Total receivable…

Q: The sum of $159,760 is invested at 5.5% compounded monthly for four years. After the four years, the…

A: The present value of annuity refers to the current value of future annuity payments to be paid at a…

Q: P240,000 will be deposited in a fund at the beginning of each six months for 5 yrs. Using 11% as the…

A: Semi annual deposit = P = P240,000 Interest rate = 11% Semi annual interest rate (r) = 11%/2 = 5.50%…

Q: $150,000 is deposited in a fund that pays 5% annual compound interest for 2 years, 3% annual…

A: There are two methods of charging interest on loans. One is the simple interest method and other is…

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: On December 31, 2020, Sack Port Ventures Inc. borrowed $103,000 by signing a four-year, 8.0%…

A: The note payable is liability for the business. The amount on note payable due in one year is…

Q: An annuity pays $300 each on January 1 in the Year 2025, 2030, 2035, 2040 and 2045. The annual…

A: The sum of all succeeding, equal payments or deposits made at some point in the future represents…

Q: On June 30, 2019, BM Corporation issued a five-year note payable with a face amount of P1,000,000…

A: Accrued interest on December 31,2020 = (face value of note -  annual payment made on June 30, 2020)…

Q: Determine the combined present value as of December 31, 2021, of the following four payments to be…

A: Present value:   The value of today’s amount to be paid or received in the future at a compound…

Q: he prevailing market rate is 10%. What is the loan impairment loss for 2020? (Round PV factors to 2…

A: Interpretation of data: Face value of Loan=P 6000000 Interest rate= 9% anuually term of loan= 5…

Q: On January 1, 2020, Jackie Company issued a note with a face amount of P5,000,000. The note carried…

A: Working note: Computation of carrying amount of note payable on June 30, 2022:

Q: On January 1, 2020, Jackie Company issued a note with a face amount of P5,000,000. The note carried…

A: When a creditor defaults in the payments of principal as well as interest, then debtor allows him to…

Q: RED Corporation

A: Current liabilities square measure a company's short-run money obligations that square measure due…

Q: On January 1, 2020, Jackie Company issued a note with a face amount of P5,000,000. The note carried…

A: Working note: Computation of carrying value of note payable on June 30, 2022 before modification of…

Q: On April 1, 2021, ABC CO. issued a 9% interest bearing note with a face amount of P 30,000,000 for…

A: It is pertinent to note that non-current liabilities are those obligations that need to be paid…

Q: On January 1, 2020, Mewtwo Company sold a piece of equipment with a carrying amount of P1,500,000 to…

A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If you…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: On July 1, 2020, KOLA Corporation issued a five-year note payable with a face value of ₱250,000 and…

A: Current liabilities represent the obligation that has to be paid within a year.

Q: A trust fund is to be formed by depositing #4766 twice a year for 7 years in a bank that promises to…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: On January 1, 2020, Flannagan Fencing Corp. establishes a debt retirement fund to pay off a $500,000…

A: The mathematical equation is:

Q: On April 1, 2020, ABC Corporation borrows $50,000 on a 6-month note that charges an annual interest…

A: Total cash paid on maturity = Face value of the Notes + Interest on Notes where, Interest on Notes =…

Q: On March 15, year 1, ABC Corporation adopted a plan to accumulate P1,000,00 by September 1, year 5.…

A: When an equal amount is paid every period at the beginning of each period, it is called as an…

Q: On January 1, 2020, MWB, Inc. borrowed cash by issuing a $600,000, 6-year note that specified 6%…

A: solution given Face value $600000 Life 6 year Coupon rate 6%   If interest to…

Q: are ? k of &, Deposits of $100 are made at the end of each calendar year from 2014 through 2019…

A: Time value It tells value received today has more value than that of receiving the exact value later…

Q: Deposits of $100 are made at the end of each calendar year from 2014 through 2019 inclusive. The…

A: Perpetuity is a series of payment which is made for an indefinite period of time. It does not end in…

Q: The Moustache Company is replacing most of the windows in its Alden factory by purchasing them under…

A: Interest expense for 2019 = face value of notes x rate of interest x period = $37,908,000 x 10% =…

Q: On January 1, 2021, Beaver Tours financed the purchase of a new building by borrowing $600,000 from…

A: Journal: Recording of a business transactions in a chronological order.

Q: estimated cost of $5,000,000

A: Annuity refers to the series of payments made at equal set of intervals. Annuity due refers to the…

Q: On December 31, 2020, BROWN Bank has a 5-year loan receivable with a face value of 6,000,000 dated…

A:

Q: On April 1, 2021, ABC CO. issued a 9% interest bearing note with a face amount of P 30,000,000 for…

A: Present Value Factor = 1(1+i)n where, i= market rate n= period

Q: On September 1, 2020, ABC Company borrows $40,000 on a 2-month note that charges an annual interest…

A: Maturity Amount = Amount Borrowed + Interest Rate

Q: current liabilities section

A: The first annual payment of P200,000 is made on June 30, 2020. The balance of note payable will be…

Q: On January 1, 2020, Jackie Company issued a note with a face amount of P5,000,000. The note carried…

A: Working note:  Computation of fair value of note after the modification of terms under Scenario A:…

Q: A 5-year promissory note for $3200 issued on September 15, 2018, with interest at 6.5% compounded…

A: formula of promissory note: p=m1+rt m=maturity value r=rate of interest t=time in years

Q: On January 1, 2021, New Spaghetti Co. adopted a plan to accumulate P50,000,000 by December 31, 2030.…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: How much interest expense should be accrued

A: Interest charged on the principal amount at a fixed rate for a fixed period of time is known as…

Q: What is the present value on January 1, 2019, of $10,000 to be received on January 1, 2023, and…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: ecember 31, 2024. Scenario B: The terms of the note were modified on June 30, 2022. The principal…

A: Working note: Computation of carrying value of note payable on June 30, 2022 before modification of…

Q: On June 1, 2023, Lugaw Corp. issued a three-year interest-bearing note payable in installment in…

A: Installment note are long term liabilities. And carry interest to be paid with specific point of…

Q: Pearl Inc. wishes to accumulate $1,352,000 by December 31, 2030, to retire bonds outstanding. The…

A: Time value of money is a concept which states that the worth of one unit of currency today is higher…