How much should he invest in a fund that pays 17% effective rate to accumulate Php350,000 in 4 years? O Php186,777.52 O Php322,211.31 O Php672,211.52 O Php167,765.69
Q: Stryker Industries received an offer from an exporter for 15,000 units of product at $17.50 per…
A: The variable cost per unit remains constant and total fixed costs remain constant at every level of…
Q: A company's product sells at $12.22 per unit and has a $5.33 per unit variable cost. The company's…
A: Break-even is the point at which the entity is in a situation of no profit or no loss. It is the…
Q: Edward Chance sold his 1/3 interest in CCS Partnership to Greg Randall for $112,000 cash on January…
A: When you sale the assets that you have or hold some time ago and than later on you sold the interest…
Q: TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried…
A: DIRECT MATERIALS EFFICIENCY VARIANCE Direct Materials efficiency Variance is the difference…
Q: Q2. From the given information, calculate: (A) P/V Ratio, (B) Fixed Ratio, (C) Break-even Point and…
A: P/V Ratio :— It is the ratio between contribution margin and total sales. Break Even Point (BEP)…
Q: Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $50,000…
A: Costs associated with product failures that occur after they have been sold to customers are known…
Q: Cansela Corporation reports inventory and cost of goods sold based on calculations from a LIFO…
A: LIFO means Last In First Out, which means that the inventory that has been brought into business at…
Q: 18) Red Inc., an S corporation, holds a $1,000,000 balance in accumulated E&P. It reports sales…
A: As per the guidelines under section code 1375 of the IRS, any S corporation having Passive income is…
Q: Fruitas Company uses the weighted average method to determine the cost of its inventory. During July…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Briefly discuss any audit evidence that the auditors may consider or may expect during the stage of…
A: Answer:- Audit:- To ensure that all the departments are using a documented system of documenting…
Q: The Model Company is to begin operations in April. It has budgeted April sales of $70,000, May sales…
A: A company's cash is the amount of money it has on hand. On the balance sheet, it is classified as a…
Q: Dexter Industries purchased packaging equipment on January 8 for $393,800. The equipment was…
A: Depreciation is the non-cash expense which is reported in the income statement. It is charged on the…
Q: Required: Caldwell has estimated that it can reduce the number of purchase orders to 690 and can…
A: Particulars Calculation Amount ($) Sales Revenue a No. of Units 100100 b…
Q: the same total future cash inflows. The schedule of estimated cash receipts for each investment…
A: The question has asked to find out the correct option from the given options, and, compute the net…
Q: Please do general Journal at the attached excel image. a. Dec.1 Jack Simmons, the owner contributed…
A: Journal entry It records all transactions for a business. Transactions are broadly classified as any…
Q: Utease Corporation has several production plants nationwide. A newly opened plant in Dubuque…
A: PRODUCTION BUDGET Production budget is the Determination of Estimated units of Production During…
Q: Prepare the journal entry required on 17 March 20X6 by Thanushan: Prepare the journal entry required…
A: When a company purchase stocks of other company that represents 20%-50% of total stockholding of…
Q: Additional data: 1. Depreciation expense was$18,600. 2. Dividends declared and paid were$17,340. 3.…
A: Statement of cash flow is one of the four basic statements that a company prepares and this…
Q: The 500 shares of Delta Air Lines, Incorporated stock bought at $52.45 were sold at $52. Commission…
A: The units of equity ownership in a business are referred to as shares. When it comes to some…
Q: Use the following purchases journal to record the transactions. (If a box is not used in the journal…
A: Purchase Journal is an accounting Journal which is specialized to record the purchase transactions…
Q: Trago Company manufactures a single product and has a JIT policy that ending inventory must equal…
A: Factory overhead means the amount of money incurred on the factory costs which are involved in the…
Q: During a properly declared U.S. war with Outer Altoona, Harriet, a single taxpayer, was killed in…
A: The term "taxable income" refers to income that is utilized to determine a taxpayer's tax obligation…
Q: Consider the following production and cost data for two products, L and C: Product L $130 10 setups…
A: Since, demand for each product is unlimited, only one of the two products can be manufactured.…
Q: The category of equity that tracks the events relating to stockholder transactions is known as:
A: The correct answer is: (C) Paid-in-capital
Q: Better Biscuits is planning to make and sell a new cookie and expects the following cash flows at…
A: Time Value of Money :— According to this concept, value of money in present day is greater than the…
Q: With the help of accounting ratios, Critically analyse the Solvency performance of the Apple…
A: Solvency can be measured using debt equity ratio. Debt equity ratio can be found out using the…
Q: 4. Compute the sales budget of brewed for the month of January. 5. Compute the total sales budget…
A: Sales Budget is prepared by the Business Entity to estimate the sales revenue to be earned by it…
Q: Kleen Company acquired patent rights on January 10 of Year 1 for $344,000. The patent has a useful…
A: An accounting technique called amortization is used to spread out the costs associated with using a…
Q: On December 1, Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an…
A: Notes payable are a kind of long-term liability that show the money that a firm owes its financiers,…
Q: A company has total earnings after tax this quarter of $300,000. 40% will be retained earnings,…
A: Lets understand the basics. When shares are issued to public then in return of investment in common…
Q: The CEO and the CFO of Automation Company were both aware that the company’s controller was…
A: Fraud Practices in accounting are done to elevate the financial position of the firm in order to…
Q: On September 30, 2020, Zee Company purchased an equipment for P240,000 to be used for the next 4…
A: Depreciation Expense are not deducted from Cost of the Asset instead they are held in the…
Q: Diamond Boot Factory normally sells its specialty boots for $20 a pair. An offer to buy 115 boots…
A: DIFFERENTIAL INCOME IS THE DIFFERENCE IN SALES THAT WILL BE GENERATED BY TWO DIFFERENT COURSES OF…
Q: No matter what cost drivers are chosen, the applied overhead rates are usually changed yearly…
A: Overhead rate is the predetermined rate which is used to assign the estimated overhead costs to the…
Q: Global Giant, a multinational corporation, has a producing subsidiary in a low-tax rate country and…
A: The correct answer is Option D. Establish a high transfer when the producing unit sells to the…
Q: Julie loaned her friend Nathan $2,500. Nathan did not repay the debt and skipped town. Can Julie…
A: The time period terrible debt refers to an sum of money that a creditor ought to write off due to a…
Q: Kai Inc. started its business operations on January 1, 2022. Kai Inc. established an allowance for…
A: When a firm sales goods on credit, it is not always possible to recover all the cash from its…
Q: X8. The bonds were purchased at 100 plus accrued interest. Interest is paid semi-annually on 30 June…
A: In the present case accounting to investment in bond has been discussed, how to record the different…
Q: Question 1 The following is a list of items related to Assembly Parts Ltd at 31 December 2015 and…
A: The items namely, salaries expense and sales are not to be included in the balance sheet. They are…
Q: The following is a partially completed lower section of a departmental expense allocation…
A: Total square feet = 3,300 + 2,700 Total square feet = 6,000
Q: Lily Company issues 5,000 shares of its $2 common stock when the market price is $5 per share. The…
A: Journal entry is the procedure for initially documenting commercial transactions in the books of…
Q: Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and…
A: Direct method of overhead allocation means a method where overhead of support department is direct…
Q: An employer's payroll tax expense would include:
A: The correct answer is: (C) FUTA, SUTA, Social Security and Medicare taxes FUTA (Federal Unemployment…
Q: Item REVENUES Ticket sales Concessions Tuition fees Donations Corporate underwriters Gala ticket,…
A: Budget is a entity's plan of action expressed in monetary terms. It involves estimation of revenues…
Q: 2 Bartolo Delivery has two divisions, air express and ground service, that share the common costs of…
A: COST ALLOCATION Cost allocation is the process of identifying, aggregating, and assigning costs to…
Q: How companies detect theft or fraud in industries
A: the working of the company gets impacted by the miss happening that happen in the company due to the…
Q: Employee Chris worked 2,000 hours in Green Company in 2021 as members of qualifying targeted groups,…
A: Please fallow the answer below a) Calculation of WOTC Category of company. Calculation of Work…
Q: During the year, Dan Davis, a single taxpayer, pays $2,200 of interest on a qualified student loan.…
A: 8) Answer is B 2200 You can deduct up to $2,500 on student loan interest deduction if your AGI Does…
Q: The Homemaker Corporation was authorized to issue 80,000 ordinary shares with P100 par value. During…
A: Shares are the primary source of finance for the company. The holder of a common share in also known…
Q: Which of the following statements are true regarding dividends? check all that apply A large stock…
A: Dividends are payments made by a corporation to its investors as a way of sharing the firm's…
Step by step
Solved in 3 steps
- Q3. Mr. X promises Mr. Y to give Rs. 2,00,000/- in cash after 9 years. He has the following two options (a) If Mr. X makes annual payments into a fund after 1 year how much will each have to be if the fund pays 8 %. (b) If Mr. X decides to invest a cumulative amount in the account after 1 year and let it compound annually, then how much will the lump sum? What should Mr. X do? 1Suppose that you want to earn Php 9,281.25 after 27 months and you have Php 75,000. At what rate should you invest the said amount? a. 5.50% b. 5.75% c. 5.25% d. 11.50%How much should Nina set aside and invest in a fund earning 9% compounded quarterly if she wants to accumulate P200.000 in 3 years and 3 months? a. P158,900.50 b. P149.763.81 c. P125.784.56 d. P140.781.78
- How much will I invest in a fund that will amount P1 500 000 in 12 years if money is worth 5% compounded quarterly? A P826 284.73 B P272 303. 23 P272 304.00 D P1 427 286.41Q7a. A fund begins the year with $100 million and grows to $120 million by the end of the first year. The manager is entitled to a 10% incentive fee. What will the manager receive in terms of payment? SHOW YOUR WORK. You want to start saving for retirement. If you deposit Php2000 each year at the end of the next 60 years and earn 11% on the investment, how much will you have when you retire? a. Php792,000 b. Php1,048,114 c. Php9,510,132 d.Php10,556,246
- 11. A man deposited P6,000 at a rate of 10% per annum. However, to add more fund, he deposits P500 per year that started one year after he deposited the P6,000. If he is withdrawing P1,500 per year for his expenses, for how long will the fund last and what will be the balance in the fund after the last withdrawal was made?An engineer invests $10,000 a year for 20 years into a fund. At the end of the 20 years, how much money is in the fund if the interest rate was 4% ? simple interest A. $220,000 . B. $300,000 ● C. $240,000 D. $270,000B&F 209: Home work 1. Find the discounted value of an ordinary sinmple perpetuity paying S400 a year, if interest is (a) j1-8%, (b) j1=12,48%. 2. How much money is needed to establish a fund that pays a research scholarship of $10,000 each half year, if the fund can be invested at j2-10%, and if the first scholarship will be provided (a) a half-year from now? (b) immediately? (c) Four years from now? 3. On the assumption that a farm will net $1500 annually indefinitely, whatis the fair price(discounted value) for it, If money is worth (a)j1-8°o (b) j12-15%o.
- At what Rate do you have to invest Php 22,500 that makes Php 11,475.00 in 5 yearsPlease answer with solution. Bob has saved a total of ₱2,550,000.00 for retirement. He put the money in a mutual fund which pays 9% interest compounded monthly. How much should he withdraw each month in order to have enough money to last for 15 years? * A. ₱25,863.80 B. ₱6,738.80 C. ₱6,688.63 D. ₱25,671.26Q1 Mr Amir wish to get her daughter admitted into a medical college after 15 years from now. He will be required total Rs 2500000 to get admission into the college. For this he has identified a fund, which pays interest 9% per annum. In this regard he wanted to know the amount to be invested in each of the following situation: I. If he decides to make payment into fund at the end of the year. II. If he decides to make payment into fund at the beginning of the year. Q2 The British Company is purchasing a building and has a Rs. 190000 mortgage loan for 7 years. The loan bears a compound annual interest rate of 17% and calls for equal annual installment payments at the end of each of the 7 years. What is the amount of the annual payment and also prepare amortization schedule. Q3. Write down the importance of time value of money for healthcare organization.