How do you calculate quarterly hour system?

Q: The journal entry to record the payment of the monthly rent would include:

A: As per accounting rule, all expenses account will be debited and all asset account like Cash will be…

Q: Define annual percentage rate (APR)

A: A rate at which a borrower is ready to pay and depositor is ready to receive the money is known as…

Q: Calculate the amount of the required monthly payment. (D. whole dollar amount.)

A: Monthly Payment: It is the payment made by the borrower to the lender for taking a loan. These…

Q: Question 3: Define the Followings • Annual Percentage Rate • Effective Annual Rate

A: Annual percentage rate (APR): The yearly rate that borrower pays on loan and investors receives on…

Q: 1. Suppose you have an account with an APR of 6%.   (a) If interest is compounded daily, determine…

A: The real interest that an investor earns on the investment and a borrower pays on loan after…

Q: Complete the following without using Table 12.1. Principal  $575, Time 1 year, Rate 4%, Compounded…

A: Calculation of period used: Answer: Number of periods compounded is 4. Given information: Principal…

Q: What is the amount of each monthly payment? tables provided

A: Time value of money(TVM) means that the amount of money received in the present period will have…

Q: The term of the annuity is year(s) and month(s).

A: Annuity refers to the pattern of payment made at equal intervals. It is a type of long-term…

Q: What is the semiannually compounded nominal (annual) nterest rate for this CD?

A: Number of periods = 9 * 2 = 18 Semi annual rate = (Future value / initial value)^1/periods - 1 Semi…

Q: Given the following credit term, 2/7, n/21, what is the effective annual equivalent percentage?

A: Effective Annual percentage = [ 1 + Timely rate ]Number of times in year - 1

Q: What general rule can be developed concerning maximum values and compounding intervals within a…

A: The question is based on the concept of future value calculation with compounding intervals, by use…

Q: What does a "back-end" ratio consist of? Maximum monthly payments O 39% of gross monthly income O…

A: Back end ratio compares PITI (principal, interest, taxes and insurance) and other monthly debt…

Q: What is an annual report? Briefly describe the key parts of the annual report.

A: Annual report is a overview of company's financial position. Those who want to evaluate company…

Q: The quarterly pay

A: The loan amount refers to the money which a person should owe from a bank or financial institution…

Q: nded monthly is e compounded con

A: Given information :

Q: How much is the quarterly deposit?

A: given  FV = 25,000,000 i=2% n= 10*4=40    PMT=FV*i/((1+i)^n-1)

Q: w and pay a $95 per m termine the months of

A: Consider the number of months be x. Now, the lease total cost for X months as, 850x

Q: The amount to be financed is $ Amount to be repaid is $ Monthly payment is $

A: Time value of money (TVM) is used to measure the value of money at different point of time in the…

Q: What will you do in the cash receipt during the current month? * O Multiply O Divide Add O Deduct O…

A: Introduction:- Prof of cash provides a greater degree of detail, and so makes it easy to identify…

Q: Find the number of periods that corresponds to the given time span, if a period is a quarter of a…

A: Number of quarters in a year is 4. Number of months in a year is 12 Number of days in a year is 365.

Q: What is the accrued interest using the 30/360-day count convention?

A: When the interest on bond is paid  semi annually, we derive the amount of interest as follows: Par…

Q: How do I turn a 7% APR compounded weekly into EAR?

A: Whenever money is borrowed or lent to an individual, the money is expected to earn interest, and…

Q: If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on…

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: compounded weekly. Determine the sıze of payments, and the total interest paid.

A: Amount borrowed by Jessica = $ 3300 She repays every week up to 2 years  Interest Rate = 3%…

Q: of each month. At 6% compounded semiannually what is the required time?

A: More is compounding more is the effective interest and more is interest being accumulated over the…

Q: what is the equation to get the 0.007984 monthly rate.

A: The Rate function in the excel is used in the solution.

Q: • Write your monthly allowance (computed by daily allowance x number of days in a month). Compute…

A: Personal income statement shows the inflows of income and outflows of expenses. If income is more it…

Q: why do we need to divide 55 days to 365 days for the net recievables and net payable

A: Net Receivables: Net receivables are the total amount of money owing to a firm by its customers…

Q: ery month. What is the APR?

A: APR is annual percentage rate of credit card which is charged based on monthly basis interest rate.

Q: A summary of the time tickets for the current month follows:

A: Account titles and explanation Debit Credit Work in Process $21,710   Factory Overhead $10,130…

Q: Find a formula for the balance 8 after t monthly payments.

A:

Q: prmula for annual E umber of years in se ry, The annual bene:

A: The calculation is given as,

Q: what do you call the number of compoundings that take place in a year?

A: When number of compounding  is monthly, then the interest rate is divided by 12; when number of…

Q: are the net date if the shipment arrives November 14?

A: ROG means receipt of goods. As the terms of sale are 3/10 ROG, we have to consider discount &…

Q: Convert the given time period to years, assuming a 360-day year. 9 months

A: In 360 days convention every month is assumed to have 30 days

Q: ve in your account today ompounded annually. Calculate the amou and th 5860

A: Given information :

Q: The letters APR stand for annual percentage rate. O False O True

A: The annual percentage rate is the stated annual cost of borrowing before taking the compounding…

Q: When is the posting usually made? * O everyday O weekly O monthly O annually

A: Recording the transaction in journal is the first step in accounting process. Then all the recorded…

Q: Compute the present values of the following annuities first assuming that payments are made on the…

A: Present Value: It is the present worth of future annuity payments or future sum of money. It is…

Q: ming interes % yearly

A: Future value is the present value and compounded interest on that.

Q: Should we record account payable at 12/31, if the invoice date is after 12/31, lets say 1/3, for…

A: Accounts payable: Accounts payable is an obligation of the business which is shown on the liability…

Q: Suppose you have an account with an APR of 6%. (a) If interest is compounded daily, determine the…

A: Nominal rate = 6.00% Compounding frequency = 365 times (daily) Effective rate of interest = 1 +…

Q: Calculate the allowance ratio for the year ending 30 June 2020. Assume the number of days in the…

A: Allowance Ratio considering : Beginning Allowance is numerator and  Current Year's Accounts…