A family took out a 6-year, 12 percent loan from a lending institution for P 4,000. After six years, it renews the loan for another three years at a rate of 12 percent, plus the amount owed plus an additional P4,000. How much of the lump amount is due
Q: Date Quantity Price Amount Quantity Price Amount Date 01 The following transactions of Franco…
A: Under FIFO method of inventory valuation , cost of goods sold and cost of ending inventory is…
Q: Study the information provided below and calculate the hourly recovery tariff per hour (expressed in…
A: Effective annual salary is the combination of basic salary plus bonus, also contribution on pension…
Q: Determine whether to sell or process further—joint products. E7.23 (LO 4) Excel Bahrat Inc. produces…
A: Under Incremental Analysis, the product should be --- sold at split off point if Sale Value at Split…
Q: earnings of G. Henry using the straight piecework incentive scheme
A: The straight piece work incentive scheme is the method in which the rate per unit of output is…
Q: BFAR Corp. maintains the following equity balances throughout the years 2020 and 2021: . 10%…
A: The preference shares are paid first and they are given dividend first and then ordinary shares are…
Q: 1. Business Organization Green Corporation (GC) is stock corporation engaged in the events…
A: Answer:- l Option recommended to BOD:- To sell additional preferred shares in the stock market.…
Q: Beginning Inventory 3 units @ $4 $12 Purchases 10 units @ $7 $70 Sales 8 units What is Ending…
A: Weighted-average method: Weighted-average method is a method of inventory valuation. In this method,…
Q: Use the information provided below to prepare the Cash Budget for January and February 2023:…
A: Cash Budget can be prepared only for the cash income and expenses. Hence items which are non cash in…
Q: List Price Trade Discount Rate Trade Discount $282.00 25% Net Price
A: Discount means the reduction in the amount to be paid on purchase of something. It could be cash…
Q: a. The firm was organized and the initial stockholders invested cash of $780. b. The company…
A: Journal entries will list the transaction of the business its course of operations where journal…
Q: Câu 3 A company manufactures two types of component, the XT1 and the XT2. Each component has first…
A: Calculation of Total Polishing hours required XT1 XT2 Total Budgeted Production in…
Q: Beginning Inventory 3 units @ $4 $12 Purchases 10 units @ $7 $70 Sales 8 units What is ending…
A: LIFO: LIFO stands for Last-In, First-Out. In this method inventory purchased at last will be sold…
Q: The following information is provided for an equipment leased by Lessee from Lessor. Lessee and…
A: Lease accounting involves the parties namely the lessor and the lessee who signs the contract to…
Q: calculate the hourly recovery tariff per hour
A: The gross salary is to be calculated by adding the basic salary and the bonus. After that, the…
Q: er uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point.…
A: In perpetual inventory system updates inventory on a continuous basis . Transactions related to…
Q: The September 30, 2021 adjusted trial balance section of Premier Pet Spa's work sheet is below 1 2…
A: Closing Entry: It is the journal entry that is prepared at the end of the accounting period. Balance…
Q: A cost variance of zero indicates that the manufacturing management was *
A: As part of our protocol we provide solution to one question only but you have asked multiple various…
Q: implied 1-year forward rate 1 year from today
A: Given Info: R1=7% R2=8% We have to calculate Implied 1 year forward rate 1 year from today, it can…
Q: a) Prepare the adjusting entries on March 31, assuming that adjusting entries are made quarterly. b)…
A: The purpose of the adjusting entries is to provide for the unearned revenues, outstanding expenses,…
Q: Production to stock is justified when the plant has excess production capacity. Inventory production…
A: Production to stock : Production to stock means producing required stock to consumers and providing…
Q: PA9-2 (Algo) Recording and Interpreting the Ly Company disposed of two different assets. On January…
A: A record is frequently maintained in the general ledger, but it can alternatively be maintained in a…
Q: Year 5 Net cash flows Year 1 Year 2 Year 3 Year 4 Year 5 R10 000 R90 000 R90 000 R90 000 R90 000 R90…
A: Net Present Value- Net present value (NPV) is a tool used to calculate the current value of…
Q: During the year, BFAR Corp. completed the following transactions related to its treasury shares:…
A: Share premium includes the amount which is computed if the shares are purchased or sold at the…
Q: goods sold Consolida Balanc 1,150, 675, $ 69
A: Noncontrolling interest refers to the concept when the shareholder of a company owns less than 50%…
Q: INFORMATION The following information was provided by Intel Enterprises: The bank balance on 31…
A: Cash Budget- An projected cash input and outflow over the budgeted time are shown in a cash budget.…
Q: Sharp Motor Company has two operating divisions-an Auto Division and a Truck Division. The company…
A: Cost Charged :- Cost include all type of variable Cost ( DM, DL, Variable manufacturing Cost,…
Q: Johnson Manufacturing company, a manufacturer of custom-made drones, uses a job order cost system to…
A: Under or over absorption of overhead is calculated by taking out the difference between the actual…
Q: Brownley Company has one service department and two operating (production) departments. Payroll…
A: Introduction: Operating costs are associated with a company's day-to-day operations and management.…
Q: The year before last, Victor earned $85,000 from his retail management position, and Maria began…
A: Tax liability is the amount owed to the government by the income earner and this is computed by…
Q: BFAR Corp. was authorized to issue 300,000 P7 par value ordinary shares. It received subscriptions…
A: Subscribed share capital is the shares that have been subscribed by the investors. These may be paid…
Q: Use the information provided below to calculate the Internal Rate of Return (expressed to two…
A: Internal rate of return is the discount rate at which the present value of the future cash flow and…
Q: Montana Mining Company pays $3,478,510 for an ore deposit containing 1,560,000 tons. The company…
A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…
Q: reciprocal method
A: Direct Method Particulars Basis of Apportionment Bricks Bars Information Systems Personnel…
Q: balanced scorecard,
A: The non-financial perspectives of a balanced scorecard are produced as under: Perspective…
Q: Sales Selling price per unit Finished products on 01 March 2022 Products manufactured during the…
A: Variable overhead efficiency variance alludes to the distinction between the actual time taken to…
Q: Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales for…
A: Introduction: Ending inventory is the cost of goods on hand just at end of a reporting period. A…
Q: 1.1 Calculate the annual economic order quantity from the information provided below.
A: Given in the question: Each Month Expectation of units to be sold 800 Selling Price of…
Q: Sales Selling price per unit Finished products on 01 March 2022 Products manufactured during the…
A: Income statement: It is a financial statement that calculates the net income generated by a…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: The dividend per share is calculated as total dividend divided by number of shares outstanding. The…
Q: The basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her…
A: The effective hourly rate is the hourly wage rate of the employee. The effective hourly rate…
Q: GMA Corp. has 500,000 shares authorized and has the following information at the end of its first…
A: Authorized shares mean the maximum number of stock stated in Article of Incorporation which a…
Q: calculate Samantha’s remuneration for 17 March 2022.
A: Hasley's Bonus System of remuneration calculation is based on the hours that the employee has…
Q: Study the information given below and calculate the value of closing inventory as at 31 March 2022…
A: Inventory valuation is a very important and crucial part that is to be played by the management. The…
Q: Cala Manufacturing purchases land for $297,000 as part of its plans to build a new plant. The…
A: A Journal entry is a primary entry that records the financial transactions initially. The…
Q: Use the information provided below to prepare the following for January and February 2023:…
A:
Q: Warner Company's year-end unadjusted trial balance shows accounts receivable of $104,000, allowance…
A: Allowance for uncollectible accounts is considered a contra asset account. It is prepared against…
Q: Use the following stock table to find the most recent dividend. 52-WK Week's Tick Vol. Sym 100s High…
A: Dividend refers to the distribution of some of the earnings of the business to the class of its…
Q: Use the following stock table to find the most recent dividend. 52-WK High Low Name 16.88 8.78 Idno…
A: Dividend refers to part of the profit of company which is being paid to the shareholders of the…
Q: 5.1.1 Calculate the Payback Period of Project A (expressed in years, months and days). 5.1.2…
A: When a company has to select one alternative out of two or more alternative then company compare its…
Q: Please answer asap! UPVOTE will be given! No long explanation needed. At December 31, 2020, GMA…
A: Treasury Stock - Treasury stock is the own shares purchased by the corporation. It shows as the…
A family took out a 6-year, 12 percent loan from a lending institution for P 4,000. After six years, it renews the loan for another three years at a rate of 12 percent, plus the amount owed plus an additional P4,000. How much of the lump amount is due?
Step by step
Solved in 3 steps
- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Ariells borrows 400,000 at i-.03. She repays this loan by paying off only the interést due at the end of each year to the lender and depositing a level amount Y at the end of each year into a sinking fund account offering 6% APY so as to accumulate the full balance of the loan amount in the sinking fund at the end of 15 years. Find the AEIR that Arielle has ended up paying on this loan. O A..01744 OB. 0115 O C..02009 O D..01194 O E..01586A couple borrows $935,000 for 7 years for the purchase of a vacation home at interest rate of 7 percent. The loan requires that the interest and principle be paid in equal, annual payments. The interest is determined on the declining balance that is owed. What are the required annual payments on the loan? How much is the principal loan balance reduced by during the first year?
- Ms X borrows 5000 at 5% annual effective interest, with payments at end of each year. The lender keeps the interest portion and accumulates the principal portion in a fund at 3.5% until loan is paid in full. Ms X pays 750 each year until a smaller payment will complete the loan payment. What is the amount of this last payment, including interest? (a) 350 (b) 84 (c) 724 (d) 524 (e) 566 (f) 687A man buys a house for $330,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 10 years. The interest rate on the debt is 8%, compounded semiannually.(a) Find the size of each payment.$ (b) Find the total amount paid for the purchase.$ (c) Find the total interest paid over the life of the loan.$Ms Smith borrows 5000 at 5% annual effective interest, with payments at end of each year. The lender keeps the interest portion and accumulates the principal portion in a fund at 3.5% until loan is paid in full. Ms Smith pays 750 each year until a smaller payment will complete the loan payment. What is the amount of this last payment, including interest?
- A man buys a house for $350,000. He makes a $150,000 down payment and amortizes The rest of the purchase price with semi annual payments over the next 10 years. The interest rate on the debt is 13% compounded semi annually. A.find the size of each payment B.find the total amount paid for for the purchase C.find the total interest paid over the life of a loanABC bank loans $250,000 to Yossarian to purchase a new home. Yossarian will repay the note in equal monthly payments over a period of 30 years. The interest rate is 12 percent. Required: If the monthly payment is $2,571.53, how much of the first payment is interest expense, and how much is principal repayment?\A bank loans a family $90,000 at 8% annual interest rate to purchase a house. The familyagrees to pay the loan off by making semiannual payments over a 25 year period. Howmuch should the semiannual payment be in order to pay off the debt in 25 years?
- Mr. Bean borrowed P600,000 from Maligaya Lending Corp. for 6 years at 12%. At the end of 6 years, it renews the loan for the amount due plus P600,000 more for 3 years at 12%. What is the lump sum due?c. By how much will the amortization period shorten if Shawn made an extra payment of $54,000 at the end of the year 3? years E months Express the answer in years and months, rounded to the next month2. A couple borrowed P 4,000 from a lending company for 6 years at 12%. At the end of 6 years, it renews the loan for the amount due plus P 4,000 more for 3 years at 12%. What is the lump sum due? ANSWER: 16,382.60
