estimated cost of $5,000,000

Q: On December 31, 2017, Park Company sold used equipment with carrying amount of P2,000,000 in…

A: The note requires ten equal payments of P500,000 for the next 10 year. The first annual payment is…

Q: 2. Northern Flying Science is preparing to buy an aircraft estimated to cost $600,000 by making…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Red Company invested $10,000 in a fund that was earning interest at a rate of 3.00% compounded…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: On March 15, year 1, ABC Corporation adopted a plan to accumulate P1,000,000 by September 1, year 5.…

A: Amount to be accumulated = P1000000 Number of deposits (n) = 4 r = 10% Let the annual deposit = A

Q: sinking fund is established such that $12,000 will be available to replace a facility at the end of…

A: In this we need to calculate the sinking fund factor from that we can get the payment.

Q: "To pay off $66000000 worth of new construction bonds when they come due in 31 years, a water…

A: Future value required (FV) = $ 66000000 Interest rate = 6.7% Quarterly interest rate (r) = 6.7%/4 =…

Q: On January 1, Whispering Corporation issues a $140,000, 10-year non-interest-bearing note to Camden…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

Q: On January 1, 2021, Monster Corporation borrowed $9 million from a local bank to construct a new…

A: Amortization schedule: It can be defined as a table that shows the expense of interest, repayment of…

Q: To pay off $50,000,000 worth of new construction bonds when they come due in 20 years, a water…

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: On January 15, 2012, Dolan Corp. adopted a plan to accumulate funds for environmental improvements…

A: Annuity refers to the series of payments made at an equal set of intervals. Annuity due refers to…

Q: Novak Corporation, having recently issued a $ 20,006,100, 15-year bond issue, is committed to make…

A: Given information, Annual sinking fund deposit =$619,000 Return (r)=10% No of years(N) =15 years

Q: An engineer wishes to set up a special fund by making uniform semiannual end-of-period deposits for…

A: The net amount of cash and cash equivalents being transferred in and out of a company is referred to…

Q: Qin Jiushao deposits 1, 000 into a fund on January 1, 2020 and then another deposit of unknown…

A: Here, Deposit Amount is $1000 Time Weighted Yield Rate is 10%

Q: Wiseman Video plans to make four annual deposits of $2,000 each to a special building fund. The…

A: The future value for 4 years of ordinary annuity $9,559 is computed by multiplying annual deposit,…

Q: Cincinnati Company has decided to put $30,000 per quarter in a pension fund. The fund will earn…

A: Quarterly payment is $30,000. Maturity period is 10 years. Rate of interest is 6%. Compounding…

Q: On March 15, 20x1, Ashe Company adopted a plan to accumulate P5,000,000 by September 1, 20x5. Ashe…

A: Given: Future value - P5,000,000 Interest rate = 10% Years = 4 Annuity is annuity due. FV of annuity…

Q: Conners' Equipment established a sinking fund to accumulate $250,000 by making payments at the…

A: As per the given question, Conners Equipment accumulated $250,000 at the beginning of the year.…

Q: The first $4,750 deposit is made on December 31, 2020, interest is compounded annually, and interest…

A: Given data; deposit amount = $4750 number of payments = 4 rate of interest = 12%

Q: A company has to retire 500,000 debenture of 8% interest 10 years from today. The company plans to…

A: Sinking fund is created to accumulate fund which can be used to retire debt at maturity. In this…

Q: On December 31, 2020, Pearl Limited acquired a machine from Pronghorn Corporation by issuing a…

A: The value of note is the calculated by discounting the amount payable at future date at appropriate…

Q: A certain amount was invested on 2021 such that it generated a periodic payment of $10,000 at the…

A: The present value of the annuity due is the current worth of a cash flow series received or paid at…

Q: A project is estimated to cost $210,862 and provide annual net cash flows of $31,000 for nine years.…

A:

Q: A manufacturing firm sets aside P50,000 at the end of each year for 5 years in a sinking fund…

A: Annual deposit = P 50,000 Period = 5 Years Annual interest rate = 12%

Q: A company has retire 500,000 debentures of 8% interest 10 years from today. The company plans to put…

A: Sinking fund is created to retire debt of $500,000 after 10 years which would earn an interest of…

Q: The city isrequired to make regular payments every 3 months into a sinking fund paying 5.4%…

A: A)The interest rate is 5.4% compounded quarterly.There would be 40 quarters in 10 years.The cost of…

Q: A construction equipment with no salvage is to be replaced at the end of 12 years from now at a cost…

A: The replacement value of machine (i.e., 800,000) is the future value of annuity at 15% compounded…

Q: On January 1, 2020, Flannagan Fencing Corp. establishes a debt retirement fund to pay off a $500,000…

A: The mathematical equation is:

Q: On March 15, year 1, ABC Corporation adopted a plan to accumulate P1,000,00 by September 1, year 5.…

A: When an equal amount is paid every period at the beginning of each period, it is called as an…

Q: A company wants to accumulate $100,000 to purchase replacement machinery 8 years from now. To…

A: An annuity is the sum of an equal amount after an equal interval of time made in an account to…

Q: are ? k of &, Deposits of $100 are made at the end of each calendar year from 2014 through 2019…

A: Time value It tells value received today has more value than that of receiving the exact value later…

Q: Deposits of $100 are made at the end of each calendar year from 2014 through 2019 inclusive. The…

A: Perpetuity is a series of payment which is made for an indefinite period of time. It does not end in…

Q: RD Inc. projects the following quarterly expenses over a 2-year period of time beginning 3 years and…

A: N = Number of quarterly expense periods = 8 Time period after which quarterly expense starts = 3…

Q: A certain amount was invested on Jan 1, 2016 such that it generated a periodic payment of $1,000 at…

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: FinanceCo lent $8 million to Corbin Construction on January 1, 2018, to construct a playground.…

A: 1.

Q: A project is estimated to cost $361,465 and provide annual net cash flows of $83,000 for six years.…

A: Internal Rate of Return (IRR) It can be referred to as that rate of interest at which the present…

Q: Tamarisk Inc. is building a new hockey arena at a cost of $2,250,000. It received a down payment of…

A: The stated interest rate is 10.5% which is more than the market interest rate of 10% and therefore…

Q: House Publishers offered a contest in which the winner would receive ₱1,000,000, payable over 20…

A:

Q: A project is estimated to cost $320,320 and provide annual net cash flows of $77,000 for seven…

A: Internal Rate of Return: Internal Rate of Return is the return where the sum of discounted cash…

Q: Franklin's investment fund had a balance of $280,000 on January 1, 1995 and a balance of $448,000…

A: An investment fund is a fund in which investors pool their money in order to generate returns.…

Q: A company wants to accumulate $100,000 to purchase replacement machinery 8 years from now.To…

A: Annuity means no. of payment which is equal in size and made at equal interval of time. Person get…

Q: A project is estimated to cost $496,798 and provide annual net cash flows of $89,000 for seven…

A: Compute the present value factor:   Present Value Factor      = Initial Investment / Cash inflows…

Q: On February 1, 2020, Baby Goats Unlimited took out a loan from Local City Bank for $300,000. It was…

A: Notes payable is referred to as promissory note containing a promise to repay the amount of loan…

Q: FinanceCo lent $8 million to Corbin Construction on January 1, 2021, to construct a playground.…

A: Hey, since there are multiple requirements posted, we will answer the first three requirements. If…

Q: Northern Flying Science is preparing to buy an aircraft estimated to cost $600,000 by making equal…

A: a)  Size of the quarterly payment N = 5*4 =20 I/Y = 8/4 = 2 PV =0 FV = -600,000 Compute PMT

Q: Calculate the yield rate of the fund during the first six months of 2017, quoted in terms of the…

A:

Q: annual deposit should BOBOT Company make for four years in order to accumulate the desired amount on…

A: Plan to accumulate = P5,000,000 by July 1,2023  To Make 4 equal annual deposits at interest 10%…

Q: House Publishers offered a contest in which the winner would receive ₱1,000,000, payable over 20…

A: Given information, Installment=P50,000 Purchase of annuity =P418,250