Principal P 1,000,000 12% bank loan (1.5 years) 10% bank loan (3-year) 8,000,000 Expenditures made on the qualifying asset were as follows: P 5,000,000 4,000,000 Jan. 1 March 1 August 31 3,000,000 December 1 2,000,000|
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On January 1, 20x1, Entity A had the following general borrowings. A part of the proceeds was used to finance the construction of a qualifying asset as shown in the image.
Construction was completed on December 31, 20x1.
How much is the cost of the qualifying asset on initial recognition?
Note: Answer should be numerical, do not put a comma or any symbol. Round to the nearest peso, no decimals (e.g. 123456)
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- Total interest expended will be: a. OMR 50,400,000 b. OMR 45,000,000 c. OMR 55,000,000 d. OMR 45,400,000 Total of non-interest expenses during the year was: a. OMR 9,660,000 b. OMR 8,680,000 c. OMR 16,860,000 d. OMR 16,680,000On Jan 1, 20X1 ABC received a P1,200,000 3-year 10% note. Interest and principal is collectible on due date. How much is the maturity value? 120,000 360,000 1,200,000 1,560,000On Jan 1, 20X1 ABC received a P1,200,000 3-year non interest note. Interest and principal is collectible on due date. How much is the maturity value? 120,000 360,000 1,200,000 1,560,000
- 34.ABC Corp received a three-year 10% P2,000,000 on January 1, 20X1. Principal and interest are due after 3 years, How much is the interest receivable at Dec 31, 20X2 200,000 400,000 600,000 2,000,0003.- WHAT INTEREST WILL PRODUCE A CAPITAL OF $25,000 AT 16.169% SEMI-ANNUAL IN 4 YEARSA) S 60323.8B) $62,000C) OTHERD) $60525.5Amortization schedule Loan amount to be repaid (PV) $25,000.00 Interest rate (r) 11.00% Length of loan (in years) 3 a. Setting up amortization table Formula Calculation of loan payment #N/A Year Beginning Balance Payment Interest Repayment of Principal Remaining Balance 1 2 3 b. Calculating % of Payment Representing Interest and Principal for Each Year Year Payment % Representing Interest Payment % Representing Principal Check: Total = 100% 1 2 3 Formulas Year Beginning Balance Payment Interest Repayment of Principal Remaining Balance 1 #N/A #N/A #N/A #N/A #N/A 2 #N/A #N/A #N/A #N/A #N/A 3 #N/A #N/A #N/A #N/A #N/A b. Calculating % of Payment Representing Interest and Principal for Each Year Year Payment %…
- A P1000 000.00 issue of 3%, 15-year bonds is sold at 95%. The miscellaneous initial expense of the financing were P20 000.00 and yearly expenses of P2000.00 is incurred. What is the true cost the company is paying for the money it borrowed? (Ans. 3.8%)21. On January 1, 20x1, ABC Bank extended a 10%, P1,000,000 loan to XYZ. Principal is due on January 1, 20x4 but interests are due annually every January 1. ABC Bank accrued direct loan origination costs of P12,000 and indirect loan origination costs of P8,000. In addition, ABC Bank charged XYZ a 6-point non-refundable loan origination fee. The effective interest after considering capitalizable cost is 12%. On December 31, 20x3, the carrying value of the loan receivable is approximately The correct answer is: 982,18921. On January 1, 20x1, ABC Bank extended a 10%, P1,000,000 loan to XYZ. Principal is due on January 1, 20x4 but interests are due annually every January 1. ABC Bank accrued direct loan origination costs of P12,000 and indirect loan origination costs of P8,000. In addition, ABC Bank charged XYZ a 6-point non-refundable loan origination fee. The effective interest after considering capitalizable cost is 12%. On December 31, 20x3, the carrying value of the loan receivable is approximately The correct answer is: 982,189 REQUIRED: Provide a step-by-step solution. NOTE: The answer should be the same with the given, I have already asked and they answered 982,144. I need the process that has the answer, P982,189.
- 21. On January 1, 20x1, ABC Bank extended a 10%, P1,000,000 loan to XYZ. Principal is due on January 1, 20x4 but interests are due annually every January 1. ABC Bank accrued direct loan origination costs of P12,000 and indirect loan origination costs of P8,000. In addition, ABC Bank charged XYZ a 6-point non-refundable loan origination fee. The effective interest after considering capitalizable cost is 12%. On December 31, 20x3, the carrying value of the loan receivable is approximately The correct answer is: 982,189 REQUIRED: Provide a step-by-step solution.ABC Co. receives P210,000 3-year non-interest bearing note. Collections is on the principal and interest is to be made every 12 months. Effective rate was 12%. How will ABC measure the note on initial recognition? 210,000 X PV of P1 at 12% for 3n 70,000 X PV of ordinary annuity at 12% for 3n 210,000 X PV of ordinary annuity at 12% for 3n 70,000 X PV of P1 at 12% for 3n. Estimate the duration of Deposit NBank Balance SheetCash = $ 50Loan M (7%, 6 years) = $200Deposit N (3 years, 2%) = $ 200Equity = $ 50Total Assets = $250Total Liabilities = $ 250 a.1.94 b. 2.94 c. 3.94 d. 4.94