Q: What is the entry: someone lend money to my company $10,000 cash in exchange for a two-year, 6% note…
A: Cash: Cash is the money that is readily available in the form of currency. Since cash can be easily…
Q: Subje Note: - You are attempting question 1 out of Bank 1 is offering interest rate of 8.4% (com 2…
A: The question is multiple choice question. Required Choose the Correct Option.
Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…
A:
Q: You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table…
A: Solution:- Given, Loan = $88,000 Life time = 30 years Compounded quarterly at 4.1%
Q: Previous Balance Annual Percentage Rate (APR) (as a %) Monthly Periodic Rate Finance Charge (in $)…
A: Finance charge is an extra amount which paid by a person on borrowed amount for the period. It is an…
Q: compounded monthly is now $2,997.78. How much of this amount is principal and how much is interest?…
A: Future value of amount is value of principal amount and interest while present value is amount of…
Q: Fample Problem: Principal = P150,000 Period P I A rate = 18% 1 term = 1 year compounding mode…
A: The more is compounding more is accumulated interest and more is the future value of money…
Q: The annual rate required for a principal of 12000 OMR to earn 1020 OMR annual interest is Select…
A: Interest is the amount received on the capital that is owed to the borrower or invested for some…
Q: Installment accounts receivable, 1/1/09 755,000 Installment accounts receivable, 12/31/09 840,000…
A: Installment Sales: Installation contracts are a kind of purchase agreement in which the customer…
Q: find the interest earned principle 8000 rate .06 compounded annually years 3
A: The formula to calculate accumulated value is given below:
Q: 1/1/x1 borrowed 100000 for 4 years at 8% assume quarterly prt=$5892 1)loan pament 2)journal entries…
A: Loan payment refers to paying back to the bank or institution from which one has borrowed the…
Q: j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note).…
A: The account receivables are also known with the name of debtors. These are the values due to a firm…
Q: IV. Fill the missing items (Use 360 days per year). Interest (I) Principal (P) ? Amount (A) P 3,500…
A: No.s Interest (I) Principal(P) Amount(A) Rate of interest('r) Time (t) Days 1 ? ? 3500 8% 60 2 ?…
Q: Find the simple interest on a $3,500 principal deposited for four years at 2.45% A. $2,143.75 B.…
A: Simple Interest = Principal * Interest rate * Time period
Q: The interest earned in 6 years on Php 400,000 deposited in an account paying 9% interest, compounded…
A: Lets understand the basics. For answering this question, we need to check how much amount will be…
Q: Čalculate the amount of simple interest earned. $1,000 at 6% for 5 years %24
A: Simple interest can be calculated by the following formula Simple interest = Principal * Interest…
Q: long term note payable for $100,000 pay back principal and 6% semi annual interest (annual interest…
A: Interest rate = 6% compounded semi annually So, semi-annual rate = 3% Similarly, time = 5 years…
Q: fter 22 years of 7.2% interest compounded monthly, an account has ₱502,355. What was the original…
A: Original amount is the present value and can be found out by calculating the present value of…
Q: aughn Manufacturing borrowed $413000 on April 1. The note requires interest at 12% and principal to…
A: Step 1 Interest is the cost of the debt or leverage availed by the entity for its financial…
Q: Chapter 1 – Provisions, Accounts Payable Stock Dividends Payable Withholding Tax Payable ssS…
A: 1. Mortgage notes payable = P1300000 Maturity of mortgage note payable = 15.02.2021 The maturity is…
Q: Use the information for the next two (2) questions. Bold Company estimated annual warranty expense…
A: Introduction: Warranty liability means repairing the products which was sold earlier. Warranty…
Q: Simple Interest Time Principal Amount Rate P 8,000.00 P 12,000.00 1 year 2 years 1% 5. 2%
A: The simple interest can be computed using the Principal amount, the interest rate, and the time…
Q: d) Suppose you begin making a monthly payment of $75.00. Fill in the table. Current Month Interest…
A: Month Current Balance Interest Payment Amount applied to the Principal 1 $2750.00 $45.38 $75…
Q: What's New ACTIVITY 4.1 Simple and Compound Interest A. Fill in the blanks of the table involving a…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Principal: $16,100 Interest rate: 28% Compounded quarterly Calculate the effective rate (APY) of…
A: APY = [(1+ r/n)^n] - 1 where, r = 28% n =4 as interest is compounded quarterly
Q: 6. Determine the accumulated balance: $1200 invested in an account that cams interest at an APR of…
A: Future value of the investment that is compounded continuously can be calculated using the…
Q: Maturity Value
A: The formula to calculate the maturity value is given by: V = P*(1+r)^n Where P is the principal…
Q: Principal The principal represents an amount of money deposited in a savings account subject to…
A: A = P (1 + r/n )nt P= 8000 R = 6% N = 2 T = 4
Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…
A:
Q: Find the balance of the account earning compound interest annually $7000 at 2% for 4 years. S7000 at…
A: Solution:- Future amount means the amount after the effect of compounding after specified years.…
Q: Interest of $1,632 with principal of $16,000 for 306 days (ordinary interest) results in a rate of:…
A: Interest = $1632 Principal = $16000 Period = 306 days
Q: Principal 25,000 Rate 8.5% Time Years Interest…
A: We need to calculate the period for which the interest was earned. A = P0 *(1+r/100)^n
Q: Accounts Debit (Peso) Credit (Peso) Notes Payable, due after 10 years Prepaid Rent Chen, Capital…
A: Introduction: Statement of financial position: All assets and liabilities are shown in statement of…
Q: An amount borrowed at 29% interest per year, compounded continuously, has accumulated to R38 279,20…
A: [2] 1200000 is correct answer Compounded interest is the interest which is charged or received…
Q: 2. Find the amount (in $) of interest on the loan
A: Interest: It is the monetary charge paid to the lender by the borrower for taking a loan. Interest…
Q: Loan amount is Rs. 1,000, to be repaid in 4 equal monthly payments of principal and interest. Stated…
A: Installment is the amount of periodic payments a borrower has to make to its lender in order to pay…
Q: at t-5), various interest rates are applied: 4% for year 1; 6% for years 2 and ivalent net value at…
A: In this we have to determine net value at end of 5 years.
Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…
A: Here,
Q: a. Paid P24,000 for a 1-year fire insurance policy to commence on Sept. 1. The amount of premium was…
A: The transactions are the happenings that take place during the usual course of business. These may…
Q: Fill in the missing values A through D in the table for a loan of $10,000, if the interest rate is…
A: Compound Interest is the interest on a deposit or loan that is calculated on the initial principal…
Q: Table 2 P m i t n C P a)_ Semi- b)_ c)_ 2 d)_ e). 2,000 annually 2,800 quarterly g) h) 5 yrs and 6 P…
A: The concept of the time value of money(TVM) is working on the purchasing power capacity of money.…
Q: Find the total number of conversion periods needed in order for a principal of P4,500 to amount to…
A: The time interval that are between the successive conversions for the interest into principal, which…
Q: Principal: $16,900 Interest rate: 12% Compounded quarterly Calculate the effective rate (APY)…
A: The real interest that an investor earns on the investment and a borrower pays on the loan after…
Q: What is the warranty expense for the current year? What is the warranty liability at the beginning…
A: A warranty liability is the amount that the company will have to spend to repair or replace its…
Q: Accumulate P16,500 for 2 years and 10 months at 13% simple interest
A: Given: Present value =P16,500 Periods = 2years and 10 months = 34 months Interest rate = 13%
Q: What is the present value of 6 receipts of $10,000 each received at the beginning of each period,…
A: Present value = Annual amount receipt x Present value factor (9%. 6 years)
The amount of interest is the amount that the borrower needs to pay on the principle amount as per fixed interest rate over the period of time.
Given Information:
Principal amount is $85,000
Interest rate is 4%
Time is 2.5 years
Formula used:
Step by step
Solved in 5 steps with 2 images
- Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)Category Prior Year Current Year Accounts payable 3,147.00 5,976.00 Accounts receivable 6,925.00 8,910.00 Accruals 5,635.00 6,187.00 Additional paid in capital 19,527.00 13,950.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,974.00 18,270.00 Current portion long-term debt 500 500 Depreciation expense 975.00 976.00 Interest expense 1,278.00 1,155.00 Inventories 3,048.00 6,717.00 Long-term debt 16,569.00 22,919.00 Net fixed assets 75,968.00 73,882.00 Notes payable 4,045.00 6,584.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,870.00 34,759.00 Sales 46,360 45,347.00 Taxes 350 920 What is the firm's cash flow from operations? What is the firm's dividend payment in the current year? What is the firm's net income in the current year?
- Category Prior Year Current Year Accounts payable 3,123.00 5,969.00 Accounts receivable 6,987.00 8,940.00 Accruals 5,642.00 6,108.00 Additional paid in capital 19,885.00 13,325.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,986.00 18,120.00 Current portion long-term debt 500 500 Depreciation expense 1,035.00 988.00 Interest expense 1,290.00 1,167.00 Inventories 3,006.00 6,743.00 Long-term debt 16,856.00 22,001.00 Net fixed assets 75,521.00 74,000.00 Notes payable 4,072.00 6,540.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,244.00 34,874.00 Sales 46,360 45,055.00 Taxes 350 920 What is the firm's cash flow from financing?- Use the following facts to calculate Return on Assets: Ending Total Assets = $825,000; Beginning Total Assets = $425,000; Earnings before interest and taxes (EBIT) - $200,000; Tax Expense = $31,000; and Interest Expense = $26,000.2.The Moon Company had net income in 2022 of AED 40 million. Here are some of the financial ratios from the annual report. Return on Assets = 5% Debt Assets Ratio = 55% Profit Margin = 4.5% Inventory in days = 20 days Using these ratios, calculate the following for the Remal Company: a) Salesb) Total assetsc) Total asset turnover d) Total debte) Stockholders' equity f) Return on equityg) Inventory
- Income 31955 , assets 213000, assets at end year, 259000. What return on assetsCalculate the following for Co. XYZ: c. Average collection period (365 days) d. Times interest earned Assets: Cash and marketable securities $400,000Accounts receivable 1,415,000Inventories 1,847,500Prepaid expenses 24,000Total current assets $3,686,500Fixed assets 2,800,000Less: accumulated depreciation 1,087,500Net fixed assets $1,712,500Total assets $5,399,000Liabilities: Accounts payable $600,000Notes payable 875,000Accrued taxes Total current liabilities $1,567,000Long-term debt 900,000Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000Less: Cost of goods sold 4,375,000Selling and administrative expense 1,000,500Depreciation expense 135,000Interest expense Earnings before taxes $765,000Income taxes Net income Common stock dividends $230,000Change in retained earningsRandall Corporation reported the following revenue data:Year Net revenues (in millions)$$$$6,8007,0046,7327,2762016201720182019Use 2016 as the base year. The trend percentage in 2019 is closest toa. 93%.b. 104%.c. 107%.d. 112%
- The company had the following final balances after the Arst year af aperations: assets, $45,000, stockhalder equity, $25,000; dividends, $3,000; and net income, $10,000. What is the amount of the tompany liabilities? A $13,000. B $7,000. C $40,000. D $65,000.Assets - P100,00; Liabilities - P30,000; Equity - P20,000; Income - P60,000; Expenses - P10,000. What is the equity at the end of the period?D. An entity reported the following information during the first year of operations:Pretax financial income 9,000,000Nontaxable interest received 1,000,000Nondeductible life insurance premiums paid 500,000Long-term loss accrual in excess of deductible amount 1,500,000Tax depreciation in excess of financial depreciation 2,000,000Income tax rate 25%1. What is the current tax expense?2. What is the total tax expense?3. What is the deferred tax liability at year-end?4. What is the deferred tax asset at year-end?