what is the total amount of the loan?
Q: Within our forecasting model we do not make "forecasting assumptions", but rather we make "forecasti...
A: Introduction Forecasting is a technique of making estimates and predictions that are useful in deter...
Q: (a) Materials costs per equivalent unit and (b) Conversion cost per equivalent unit
A: a) material costs per equivalent unit = material cost / equivalent units = 630000/3000 = 210
Q: ng must be reduced to zero for a 30-day period during the year. On an equivalent revolving credit ag...
A: Here, The borrowed Amount is $600,000 Borrowing Limits is $1,000,000 Interest Rate of Line of Credit...
Q: A company manufactures and sells a single product. Budgeted data per unit of the product is: $ per ...
A: The marginal costing approach also known as variable costing approach assumes only variable costs to...
Q: Method) Use the following information regarding the Newcastle Corporation to prepare a statement of ...
A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash...
Q: PRO miable Company provided the following roblem 10-1 (IAA) ms counted in the bodega ms included in ...
A: Inventory is a necessary expense for organizations as it is vital for the smooth working of the orga...
Q: Cove’s Cakes is a local bakery. Price and cost information follows: Price per cake $ 13.6...
A: Cost volume profit analysis is the technique used by the management for decision-making. The methods...
Q: how the capital structure, cost of capital, and dividend decisions are related?
A: A dividend is a distribution of a portion of a corporation's earnings to a class of shareholders sel...
Q: I have the entire chart completed as seen in the attachment but I can not figure out what I am doing...
A: Comprehensive Income - Comprehensive Income include items which are not included in the statement of...
Q: For each of the following (1) identify the type of account as an asset, liability, equity, revenue, ...
A: The balance sheet represents the financial position of the business with its assets , liabilities an...
Q: Which of the following statements is/are true? Statement I. Norvs and May are committed for a le...
A: Auditing is made in order to authenticate that the financial statements as well as the internal cont...
Q: John’s Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals, Wee...
A: a. Material price variance = Actual quantity x Standard price - Actual quantity x Actual price Mater...
Q: The following data pertain to Dakota Division's most recent year of operations. Income $ 4,350,000 5...
A: Sales Margin: The sales margin, also known as the contribution margin, is the amount of money a firm...
Q: What is the actual total overhead for the period?
A: Solution:- Given, Applied fixed overhead based on standard direct labor hours allowed = $50,000 Appl...
Q: (The following information applies to the questions displayed below. a On October 1, the Business St...
A: Inventory is the amount of stock that the company has held for the purpose of selling it in the mark...
Q: An insurance agent has been attempting to convince you to purchase an savings plan towards your reti...
A: solution given Saving at beginning of month 325 Number of years 30 Interest rate 1...
Q: An entity is the defendant in a patent infringement lawsuit. The entity’s lawyers believe there is a...
A: The lawsuit against the entity is not concluded as on December 31, 20x1. The liability to pay damage...
Q: PART III - Essay problems 2. Explain why companies must follow accounting standards in presenting fi...
A: the set of practices and policy which said the definition of financial accounting and policy is the ...
Q: CSM Machine Shop is considering a four-year project to improve its production efficiency. Buying a n...
A: Net present value is is one of the capital budgeting technique widely used by the management to eval...
Q: Part #6: H Company’s Direct Labor Budget indicates the number of direct labor hours to be used in Ju...
A: Overhead Budget refers to Expected Overhead to be used in Up coming period during the production. I...
Q: You have been given the choice to reduce your mortgage interest rate for each point received by the ...
A: The answer is stated below:
Q: hy do fraud examiners prefer documents over witnesses
A: Solution Concept \Fraud examiners Fraud examiners are the professional who examines ...
Q: Using the following information, determine the overhead rates and the actual cost assigned for each ...
A: Activity rate = Estimated overhead costEstimated use of cost driver Irrigation installation = Over...
Q: 4. Currently, the three types of fabrics are produced simultaneously in different locations of the f...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: urchase the interest by paying 126, 000 and no goodwill is to be recorded C. The partnership will pu...
A: As per Bartleby policy, only 3 interlinked questions are answered, therefore only till (c) the answe...
Q: RR Corporation acquired 80 percent of the stock of GG Company by issuing shares of its common stock ...
A: A business combination refers to the transaction or agreement in which the acquirer obtains the cont...
Q: The accountant at Fidel Trading has received the November 2010 bank statement. She immediately inves...
A: Solution A journal is a company's official book in which all business transaction are recorded in ch...
Q: equation of exchange from part b) and information of the Bank of Ghana’s Quarterly Bulletin/Statisti...
A: a) Velocity: It refers to the number of time at which money changes hands or moves from one transact...
Q: On December 31, 2020, Glare Company provided the following information: Accounts payable, including ...
A: Answer - Current Liability- Current liabilities are financial obligations as an organisation’s fin...
Q: Cari Furniture has the following information in respect of Coffee tables for 2021: Production sp...
A: The purchase budget is prepared to estimate the units to be purchased during the period.
Q: Henry is saving his money to purchase ACE Engineering Company at a cost of $1,000,000. He curre...
A: solution given Required amount (Future value ) 1000000 Current amount (present value ) 2...
Q: What the answer for 22, 24, 27 For 22 I had got 950,000 and it’s wrong For 24 I had got 46,500 and i...
A: Calculation of Sales. Sales = Net Sales - Sales Discount. Sales = 5950000 - 20000 = 5930000
Q: Music World reports the following budgeted sales: August, $190,000; and September, $250,000. Cash sa...
A: Lets understand the basics. Cash receipt and cash payment schedule is prepared by the management to ...
Q: .Explain why companies must follow accounting standards in presenting financial statements.
A: Accounting standards are the policies and practices that every company needs to follow in preparing ...
Q: TB MC Qu. 6-137 Using a perpetual inventory system, how... Using a perpetual Inventory system, how s...
A: The question is based on the concept of Cost Accounting. Purchases, buy returns and allowances, purc...
Q: prises purchased equipment for... t for $75,500 on January 1, 2021. The equipment is expected to hav...
A: Solution Given Purchase cost 75500 Date of purchase January 1 2021 Residual value ...
Q: a) Calculate the value of your savings at the end of 30 years.
A: solution given Saving at beginning of month (P) 325 Number of years 30 Interest rate...
Q: Use the following to answer questions 7– 17 During September, KC Company sells 730 mountain bikes fo...
A: 1. FIFO Method - Under FIFO Method, Inventory purchased first is sold first. 2. LIFO Method - Under ...
Q: James Company has an arrangement with with Jorge Company that operates a customer loyalty program. T...
A: Customer loyalty programs are accounted for as per IFRS 15. Such a program is used by a company to i...
Q: e lower (high or plus +? an
A: Let x be the age for property and y be the age for comp.
Q: Peterson, Inc. purchased a machine under a deferred payment contract on December 31, 2001. Under the...
A: Given a specified rate of return, Present Value (PV) is the current value of a future sum of money. ...
Q: A corporation is closing its business on December 31, 2021 due to financial incapacity after being h...
A: Ending inventory balance refers to the amount of inventory which the company has in stock at the end...
Q: Sage Hill Corporation had sales of $3,360,000 for the year ended December 31, 2022. The unit selling...
A: The income statement shows the net income or net loss of the company. It is calculated by deducting ...
Q: · Beginning cash balance on March 1, $77 . Cash receipts from sales, $300,000. . Cash payments for d...
A: A cash budget is an estimation of the cash inflows and outflows for a business over a specific peri...
Q: A taxpayer has unutilized or excess Creditable Withholding Taxes (CWT) for the taxable year 2019. Th...
A: Withhold taxes The term withhold taxes which can be described as portion of amount which can be dedu...
Q: ABC Company provides the following details: Rf = 7% B = 1.20 Rm - Rf = 6% %3D %3D CALCULATE the cost...
A: Cost of retained earnings is the cost of funds that the company has generated internally. If the fun...
Q: Nellie has paid $3358.46 in CPP this year. She makes $2800.00 per pay and is paid bi-weekly How much...
A: Some pension plans are exempt by tax authority to the certain level to encourage individuals to save...
Q: On April 2, 2021, ABC Corporation issued for cash 12,000 shares of no-par ordinary shares with a sta...
A: Sno Account Titles and Explanation Debit Credit Apr'2 Cash (12,000 Shares X P 17 per share) P...
Q: Cobra Company sells appliance service contracts agreeing to repair appliances for a three-year perio...
A: In the given question, the company is engaged in providing appliance service and repairs and in retu...
Freddie’s loan is to be settled by paying ₱1,800 at the end of each month for two years. If interest is 3% compounded monthly, what is the total amount of the loan?
Step by step
Solved in 2 steps
- Calculating single-payment loan amount due at maturity. Stanley Price plans to borrow 8,000 for five years. The loan will be repaid with a single payment after five years, and the interest on the loan will be computed using the simple interest method at an annual rate of 6 percent. How much will Stanley have to pay in five years? How much will he have to pay at maturity if hes required to make annual interest payments at the end of each year?Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600Calculating and comparing add-on and simple interest loans. Eli Nelson is borrowing 10,000 for five years at 7 percent. Payments, which are made on a monthly basis, are determined using the add-on method. a. How much total interest will Eli pay on the loan if it is held for the full five-year term? b. What are Elis monthly payments? c. How much higher are the monthly payments under the add-on method than under the simple interest method?
- Cost of Bank Loan Mary Jones recently obtained an equipment loan from a local bank. The loan is for 15,000 with a nominal interest rate of 11%. However, this is an installment loan, so the bank also charges add-on interest. Mary must make monthly payments on the loan, and the loan is to be repaid in 1 year. What is the effective annual rate on the loan (assuming a 365-day year)?Calculating interest and APR of installment loan. Assuming that interest is the only finance charge, how much interest would be paid on a 5,000 installment loan to be repaid in 36 monthly installments of 166.10? What is the APR on this loan?
