Maturity Value (in $) Date of Maturity Face Value Term of Note (days) Interest Rate (%) Note Date $1,280 Sept. 13 130 Selectv 7.9 Discount Proceeds Date of Discount Discount Period (days) (in $) Rate (%) Dec. 6 11.3
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Given:
Face value = $1280
Days of note = 130
Interest rate = 7.9%
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- Pachel corpolatian re Ports the per teining vecevicable Days Past Due 3-60 followinginfamethon to iti accounts cuNent 1-30 ever90 $2500 1200. $2000 Jhe companys cradit depaltment Plovided the following statement estima ter vegarding the pocent of occounts enfc ted to eventuallyy be writtenoff form. each category current veceveiNable receivables -30 days past due listed aboue aut standing rELENables 31-ho days past due 16 feceivables 6L-G0 days Pajt due receivable Cuer 20 days due. 90 Recold the company's uncollectible account afsuming it hal expense fredit balance for in its llawance Deuhtful accounts pror to the necessaty maling endjustment.In credit terms of 3/15, n/45, the "3" represents the Oa. number of days in the discount period Ob. number of days when the entire amount is due Oc. percent of the cash discount )d. full amount of the invoiceIn credit terms of 3/15, n/45, the "3" represents the Oa. full amount of the invoice Ob. number of days in the discount period Oc. number of days when the entire amount is due Od. percent of the available discount for early payment 4
- In the credit terms of 3/15, n/45, the "3" represents the a. Number of days when the entire amount is due b. Full amount of the invoice c. Percent of the cash discount d. Number of days in the discount periodok D Int = Print Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) 0 ferences # Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable Type here to search Esc fo F1 1 X F2 $ Current Year $ 378,252 100,583 @ 2 0 Horizontal Analysis - Calculation of Percent Change Numerator: 1 Current Year F3 20 #m Prior Year $ 236,897 104,503 91,702 3 378,252 $ 100,583 F4 0 S4 Prior Year $ 236,897 104,503 91,702 F5 $ % 5 Denominator: Dollar Change F6 111,355 (3,920) (91,702) DELL F7 A Percent Change 29.4 % (26.7) % (100.0) % 6 F8 & 7 0 F9 * a 8 F10 9Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) On PV Table 12.3 PV of amount Amount Period Length of time desired at Rate Compounded Rate used PV factor used desired at used end of period end of period 24 10,500 3 years 6 % Monthly ePrev. 5 of 18 Next *े कके ****** ....* cer Σ
- In credit terms of 2/10, n/30 the "2" represents the O A. Number of days in the discount period O B. Full amount of the invoice C. Number of days when the entire amount is due O D. Percent of the cash discountAllowance method Using transactions listed in £6-S. indicate the effects of each transaction on the liquidity metric days’ sales in receivables and profiability metric return on sales.11. In the credit terms of 3/15, n/60, the “15” represents the a. number of days in the discount period. b. percent of the cash discount. c. full amount of the invoice. d. number of days when the entire amount is due
- Calculate APR by table lookup (to nearest hundredth percent): PurchasePrice DownPayment Number ofmonthly payment Amountfinanced Total Payments $1,800 100 20 $1,700 1900 $ 0If a credit card you are interested in has an APR of 24%, what would the Daily Periodic Rate (DPR) be? Express your answer as a percent. A. .000658% B. . 0658% C. . 24% D. 2%The following is the PT ABC Balance Sheet PT ABCTrial balance31 December 200X Debit (Rp) Credit (Rp) Long Term Notes Payable 155.750.000 Interest expense 13.470.000 Adjustment Data: 1.There is an installment of Rp 9,000,000 for long-term notes due next year Required: Make an adjusting entry to the account in question!