Chapter 1, Problem 40P

Aggressive Corporation approaches Matt Taylor, a loan officer for Oklahoma State Bank, seeking to increase the company’s borrowings with the bank from $100,000 to $150,000. Matt has an uneasy feeling as he examines the loan application from Aggressive Corporation, which just completed its first year of operations. The application included the following financial statements.     The income statement submitted with the application shows net income of $30,000 in the first year of operations. Referring to the balance sheet, this net income represents a more-thanacceptable 15% rate of return on assets of $200,000. Matt’s concern stems from his recollection that the $100,000 note payable reported on the balance sheet is a three-year loan from his bank, approved earlier this year. He recalls another promising new company that, just recently, defaulted on its loan due to its inability to generate sufficient cash flows to meet its loan obligations. Seeing Matt’s hesitation, Larry Bling, the CEO…

Aggressive Corporation approaches Matt Taylor, a loan officer for Oklahoma State Bank, seeking toincrease the company's borrowings with the bank from $100,000 to $150,000. Matt has an uneasyfeeling as he examines the loan application from Aggressive Corporation, which just completed itsfirst year of operations. The application included the following financial statements The income statement submitted with the application shows a net income of $30,000 in the first yearof operations. Referring to the balance sheet, this net income represents a more-than-acceptable15% rate of return on assets of $200,000.Matt's concern stems from his recollection that the $100,000 note payable reported on the balancesheet is a three-year loan from his bank, approved earlier this year. He recalls another promising newcompany that, just recently, defaulted on its loan due to its inability to generate sufficient cash flowsto meet its loan obligations.Seeing Matt's hesitation, Larry Bling, the CEO of…

Mr. Dalisay applied for a bank loan with a principal of P150,000 to be paid after five years in order to purchase a vehicle. He negotiated for the stated rate of the loan at 6% wherein the current market rate is 10%. How much proceeds will Mr. Dalisay receive from the bank

On May 8, 2015, Mrs. Siega borrowed php 100,000 from Mr. Singh at 6% payable in 90 days. If the amount is equivalent to 5% in a bank, find it’s present value on July 16, 2015.

2) On July 1, 2020 you borrowed $8,000 from the bank and purchased 400 shares in Gone Ltd. for $20 per share. You had read online that Gone Ltd. would be paying dividends of $3.00 a share during the last half of 2020. The dividend payment didn't happen as expected and you received a total of $100 in eligible dividends during 2020. On December 31 you paid the bank loan interest of $240. On her 2020 tax return, Esther will report: A) Net Property Income of $100. B) Net Property Income of $138. C) Net Property Income of $0. D) Net Property Loss of $102.

Use the information presented below in answering questions 11-15. On December 31, 2018, Tina Company, a financing institution lent P4,000,000 to Erika Corporation due three years after. The loan is supported by an 6% note receivable. Transaction costs incurred to originate the loan amounted to P100,000, P466,557 was chargeable to Erika as origination fees. Interest on the loan are collectible at the end of each year. The yield rate on the loan is 11%. Tina was able to collect interest as it became due at the end of 2019 and 2020. During 2021, however, due to Erika Corporation’s business deterioration and due to political instability and faltering global economy, the company was not able collect amounts due at the end of 2021. After reviewing all available evidence at December 31, 2021. Tina determined that it was probable that Erika would pay back only P2,500,000 is collectible as follows: December 31, 2023    0.5M December 31, 2024    1M December 31, 2025    0.6M December 31, 2026…

Laura borrowed a total of $18000 from two different banks. one bank charged 6% simple interest and the other 7.5% simple interest. If the total interest after 2 years was $2,220 determine the amount borrowed by both banks. let x represent the principal of the loan business loan 6% then what is the remaining amount borrowed at 7.5%?

PLEASE TYPE IT AND NOT HANDWRITTEN A businessman invested P5,000,000 in a money market offered by a local bank. The money market pays an interest of 45% APR. How much is the amount of his investment after 3 years?

1. Mr. Sosa borrowed Php. 1,500,000 for the purchase of a car. If his monthly payment is Php.27,000 on a 5-year mortgage, find the total amount of interest. 2. A loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded quarterly. Find the value of the loan. 3. Marilyn owns 1,000 shares of a company at Php.840 per share. She also owns 10,000 shares of another company at Php.240 per share. In which company is the total value of her share greater? Explain. 4. On October 30, 2015. Tess bought 500 shares ACTS stock for Php.640 per share. On November 15, 2016, ACTS paid a Php.620 dividend per share, and on January 15, 2017, she sold the stock for Php.677.80 per share. Dis Tess gain or lose on the investment? How much money did she gain or lose in the investment?