A medium-sized manufacturing firm seeks to expand its operation in Mindanao. With a loan amounting to Php5M payable in 12 periods and with interest rate of 12 percent, what would be the average amortization for the said loan? Php 1,250,000 1,194,559 Php 1,182,731 1,218,590
Q: Using ABC, the total manufacturing costs for product Regular is:
A: Overhead cost per activity = Total overhead cost for the activity / No. of activity
Q: The income statement of Headland Company is shown below. HEADLAND COMPANY INCOME STATEMENT FOR THE...
A: The statement of cash flows can be prepared using two methods, i.e. Direct Method and Indirect Metho...
Q: Alice promised to give you a car if Mark will pass the CPA board examination. When Mark passed the s...
A: A potestative condition is a condition suspensive in nature and which depends upon the sole will of ...
Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. The ...
A: Introduction:- The act of recording or keeping track of any financial or non-financial action is ref...
Q: Zachary Transport Company divides its operations into four divisions. A recent income statement for ...
A: Avoidable cost : Salaries for drivers Fuel expenses Insurance Division - level Facility - sustainin...
Q: What is the annual interest rate earned by a 33-day T-bill with a maturity value of $1,000 that sell...
A: solution Given Maturity value 1000 Present value 996.16 Duration of t bill 33 day ...
Q: Give
A:
Q: The following data maybe few of your considerations to determine the beginning balance of the outsta...
A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with...
Q: What amount will be received after 18 months if P15 000 is invested at 4% compounded semi annually? ...
A: Invested amount (PV) = P15000 Interest rate = 4% Semi annual interest rate (r) = 4%/2 = 2% Number of...
Q: On March 1, 2022, Purrchezza bought 500 pieces of hirts from Sellenaur at a cost of P100 each with t...
A: The FOB shipping point means that buyer becomes the owner of the goods as soon as goods are reached ...
Q: Cullumber Corporation had the following 2020 income statement. Sales revenue $213,000 Cost of go...
A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the so...
Q: the design and specification of its customers, and accordingly uses the job order costing system. I...
A: in managerial accounting , the job costing is very popular. job costing methods it is used when a co...
Q: The following information is available for Integrity Co. for the current year: Beginning Work in Pr...
A: Equivalent units concept is used when opening or ending work in progress is not 100% complete but pa...
Q: Class Assignment: From the following information prepare the Income Statement of a sole proprietor f...
A: For Income statement of sole proprietor first of all we need to prepare cost of goods sold statement...
Q: Monty Corporation had the following activities in 2020. 1. Sale of land $194,000 4. Purchas...
A: Monty Corporation Cash Flow Statement (Partial) For the year ended December 31, 2020 Cash...
Q: he Gasson Company uses the weighted-average method in its process costing system. The company's endi...
A: Solution Given ending work in process inventory 10000 units Materials 100% complete ...
Q: Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the 2020 a...
A: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational e...
Q: Discuss the differences in the evaluation methods for PP&E permitted under IFRS and under US GAAP. W...
A: US GAAP and IFRS are accounting standards used for preparation and presentation of financial stateme...
Q: X Company's Job AAA manufactured 12,000 units that were completed in April at unit costs presented a...
A: Spoiled loss is considered as normal so. Cost of spoiled units shall be part of total cost.Calculat...
Q: Suppose Alexa has a weekly paycheck with gross earnings of $1,234.00 and is single with no dependent...
A: Payroll refers to the payment to be made by the employer to the employees for the services rendered ...
Q: A company has traditionally allocated its overhead based on machine hours but had collected this inf...
A: Activity-based costing is used to distribute the overhead. in this overheads are allocated on the ba...
Q: What is the value of the transparency of the hospital compare data (consider for hospitals that are ...
A: Quality score in hospitals is a standard /metric/ tool used which signify the trend of patients’ exp...
Q: Simple interest 1. If 30,000Pesos accumulates to 30,412.50!at 8 ¼ % simple interest, how many days a...
A:
Q: he following data are taken from the records of Trust Manufacturing Company for the quarter end epte...
A: Manufacturing overhead rates are computed to apply overheads to various jobs completed in a factory....
Q: Blossom Company manufactures pizza sauce through two production departments: Cooking and Canning, In...
A: Journal entry: It is the first step of recording transactions of a company. Before this, no other ...
Q: Victorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following...
A: Calculation of Total manufacturing cost per unit (Amount In P) Direct material Cost per uni...
Q: Gueess Aparel completed 3,600 expensive bags during the 1st quarter of the current year. The follow...
A: Gross profit refers to the profits of any business which is result of deduction of all costs which a...
Q: At January 1, 2020, Teal Inc. had accounts receivable of $73,000. At December 31, 2020, accounts rec...
A: January 1, 2020 accounts receivable = $73,000 December 31, 2020 accounts receivable = $54,000 Sales ...
Q: Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue ...
A: The operating income can be calculated by deducting variable costs and fixed cost from the sales rev...
Q: What is the rate of interest if P40000 earned interest of P1200 in 140 days? (А) 2% (в) 7.82% c) 7.7...
A: Principal amount = P40000 Interest amount = P1200 Period = 140 days = 140/365 = 0.383561643835616
Q: Assume the following: XYZ Engineering Supplies Company had the following transactions (Please, use t...
A: A balance sheet is a financial statement that shows a corporation's assets, liabilities, and shareho...
Q: On January 1,2019, an entity granted 15,000 share options to its employees. The share options will v...
A: Number of employees Employees entitled to share options 15,000 FV (15000 * 60) = 900,000 ( 3yea...
Q: What is the total amount that should be disclosed as compensation to key management personnel for Bu...
A: Related Party Disclosures governs by IAS 24. "Related Party Definition : A person or a member of per...
Q: Please answer correct with good presentation using commas and dollar sign in each figure Opportu...
A: The relevant cost includes all those cost which would affect the decision making process and it also...
Q: Compensation of key management personnel: Group 2014 2013 Parent 2014 2013 Short-term employee benef...
A: Compensation to key management personnel An entity is required to disclose compensation to key manag...
Q: Tome Insert Draw Page Layout Formulas Data Review View O Tell me e Share X - A A Σ E Insert v Calibr...
A: A bond is a fixed-income investment that represents an investor's debt to a borrower (typically corp...
Q: If you invest $2000 at 12% annual interest rate, compounded weekly, how much would you have after 5 ...
A: The formula to be used is future value of a single payment
Q: a. Benson has excess capacity and receives a special order for 7,000 clocks for $21 each. Calculate ...
A:
Q: 8.Determine when each of the following must deposit its Form 941 tax liabilities. Quikstep, a month...
A: 1.Quikstep, a monthly depositor, pays employees on Friday. Its 941 tax liability for the April 17, 2...
Q: Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the 2020 a...
A: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational e...
Q: Alain company prepared draft financial statements that showe income before tax for the year ended De...
A: Profit before tax is the term of accounts that measure the profits of business before business has t...
Q: inancial information extracted from Ukulel ary ledger and general ledger at September scal quarter o...
A: Days past due Amount Due Percent Uncollectible Allowance for Doubtful Accounts 1-30 $ 15,00...
Q: Condensed financial data of Novak Company for 2020 and 2019 are presented below. NOVAK COMPANY COM...
A: NOVAK COMPANY Cash Flow Statement (Indirect Method) For the year ended December 31, 2020 Cash ...
Q: A company purchased P10,000 of merchandise inventory from a vendor who offers credit terms of 2/10 n...
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....
Q: Stover Company uses the weighted-average method in its process costing system. Information concernin...
A: Cost per Equivalent Unit The Calculation of Cost per equivalent unit in material which can be taken ...
Q: iger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhe...
A: Tiger Equipment Inc. Factory Overhead Cost Variance Report—Welding Department For the Month Ended Ma...
Q: War Room Company manufactures fire extinguisher per the design and specification of its customers, a...
A: rework cost inclued in cost per unit if it's normal. If rework is abnormal then it will not charge t...
Q: o types of dog food. BasicDiet is a standard mixture for healthy dogs. SpecialDiet is a reduced prot...
A: A performance report is a report that compares the actual costs with the budgeted. It further evalua...
Q: A binds himself to give P10,000 to B upon the death of the father of A. Is the obligation of A condi...
A: Obligation is a course of action taken by a person because of legal commitment.
Q: Bella Company had an overdue 8% note payable to Marimar Bank at Php8,000,000 with acrrued interest o...
A: Notes Payable: Known as long-term obligations, notes payable represent the money a firm owes to its ...
A medium-sized manufacturing firm seeks to expand its operation in Mindanao. With a loan amounting to Php5M payable in 12 periods and with interest rate of 12 percent, what would be the average amortization for the said loan?
Php 1,250,000
1,194,559
Php 1,182,731
1,218,590
Step by step
Solved in 2 steps
- A medium-sized manufacturing firm seeks to expand its operation in Mindanao. With a loan amounting to Php5M payable in 12 periods and with interest rate of 12 percent, what would be the average amortization for the said loan? Group of answer choices Php 1,250,000 None of the answers is correct. 1,218,590 1,194,559 Php 1,182,731An FI is planning the purchase of a $4 million loan to raise the existing average duration of its assets from 4.8 years to 6.3 years. It currently has total assets worth $20 million, $4 million in cash (0 duration), and $16 million in loans. All the loans are fairly priced. a-1. Assuming it uses the cash to purchase the loan, calculate the duration of the existing loan. a-2. Assuming the FI uses the cash to purchase the loan and that the loan has a 8.3 year duration, calculate the resulting duration of the asset portfolio. a-3. Should it purchase the loan if its duration is 8.3 years?b. What asset duration loans should it purchase in order to raise its average duration to 6.3 years?Compañía CSB, S.A., requires short-term financing and requests a loan from Banco del Comercio, and proposes to guarantee it with inventories, for an amount of US$ 500,000.00. The bank accepts the proposal, with the following credit conditions: Credit conditions: a) Term 1 year b) He receives the inventories for a value of 90% of the value c) Charges you a 3% disbursement fee d) the interest rate is 20% per year e) The costs related to the mobilization of inventories are borne by Meyer Co., which are 3% of 100% of the value of the inventories. All costs involved must be covered in advance and will be deducted at the time of disbursement. It is requested: 1.- Determine the amount of the credit 2.- Calculate each cost involved in the transaction 3.- Determine the total amount of costs 4.- Determine the net amount you will receive after deducting the total costs 5.- Calculate the real rate of financial cost (TEA)
- A lending institution charges its client Php1,008,000 on a loan of Php1.6m for 5 years and 3 months. What simple interest rate is applied?An institutional lender is willing to make a loan for $1 million on an office building at a 6 percent interest (accrual) rate with payments calculated using an 4 percent pay rate and a 30-year loan term. (That is, payments are calculated as if the interest rate were 4% with monthly payments over 30 years.) After the first five years the payments are to be adjusted so that the loan can be amortized over the remaining 25-year term. Required: a. What is the initial payment? b. How much interest will accrue during the first year? c. What will the balance be after five years? d. What will the monthly payments be starting in year 6?The Kangal Enterprise needs to increase its working capital by Rs 3.5 million for which it will borrow from the Banque de Fraude at 18% per year, for one year. Banque de Fraude is generously extending Kangal Enterprise a revolving credit of Rs 4.5 million, with a compensating balance of only 15.5% and commitment fees rate of 3.5%. Required [a] Calculate the interest on discount & collection basis [b] Calculate the overall cost of the annual revolving credit agreement [c] Approximately how much should Kangal Enterprise utilize of the precious 4.5 million revolving credit agreement, to fulfill its requirement of raising working capital by about 3.5 million and at what overall cost?
- Cullumber needs to borrow $4 million for an upgrade to its headquarters and manufacturing facility. Management has decided to borrow using a five-year term loan from its existing commercial bank. The prime rate is 4 percent, and Cullumber’s current rating is prime + 2.57 percent. The yield on a five-year U.S. Treasury note is 1.91 percent, and the three-month U.S. Treasury bill rate is 0.12 percent. What is the estimated loan rate for the five-year bank loan?Sheridan needs to borrow $4 million for an upgrade to its headquarters and manufacturing facility. Management has decided to borrow using a five-year term loan from its existing commercial bank. The prime rate is 4 percent, and Sheridan’s current rating is prime + 2.49 percent. The yield on a five-year U.S. Treasury note is 1.99 percent, and the three-month U.S. Treasury bill rate is 0.10 percent. What is the estimated loan rate for the five-year bank loan? Estimated loan rate is enter the estimated loan rate in percentages %A growing company plans to borrow IDR 1,000,000,000 for 5 years from a bank. Bank Sweet is willing to provide loans with an interest of 21% with installments every 6 months. Another bank, namely Bank Sour, is willing to provide a loan with a modest interest rate of 19%, to be paid every 6 months, but on the condition that the company must make a deposit for the repayment fund in the bank with an interest of 14% every 6 months. Which alternative should be chosen? Calculate the amount of savings that can be made every semester!
- a) A commercial bank is planning to give a loan of $3,000,000 to a firm. The bank expects to charge an up-front fee of 0.15% and a service fee of 0.04%. The loan has a maturity of 10 years. The cost of funds (and the RAROC benchmark) for the commercial bank is 12%. The commercial bank has estimated the risk premium on the loan to be approximately 0.20%, based on three years of historical data. The current market interest rate for loans in this sector is 12.15%. The 99th (extreme case) loss rate for borrowers of this type has historically run at 4%, and the dollar proportion of loans of this type that cannot be recaptured on default has historically been 85%. The 'bank's Return on Equity (ROE) ratio is 13%. Using the risk-adjusted return on capital (RAROC) model, should the commercial bank make the loan? Please show each step of your calculation.SALAMAT Bank offers you two investment plans. The first investment requires you to invest Php 12,000 which pays a simple interest of i1 per annum. On the other hand, the second investment requires you to invest Php 20,000 which pays an effective interest rate of 2.5% per annum. SALAMAT Bank promises that the total amount of the two investment plans after 3 years is Php 35,000. Find an expression for i1 and use the expression to approximate i1Cloud Venture has a line of credit with a local bank of $75,000. The loan agreement calls for interest of 6 percent with a compensating balance requirement of 3 percent that is based on the total amount borrowed. What is the effective interest rate if the firm needs $58,000 for one year to finance a fixed asset purchase?
