Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Question
Chapter 1, Problem 7R
To determine
Provide a chart that explains whether withdrawal amount that decreases the cash percentage to 50%.
To determine
Complete the transactions on the worksheet and save under the head PTRANST.
To determine
Provide a 3-D pie chart that shows the relative percentages of the balance of the liability and equity accounts.
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Draw cashflow and box the final answer
A man deposited in his bank account an amount of P550,000.He has an annual allowance expense of P9500 and bookcosts of P3000 every 3 years. He was an irregular atengineering and at the end of year 6, the he broke anequipment in the laboratory and was repaired at a rebuild costof 22,000. How much will be left at his account at year 9, at ifmoney rate is 8% compounded annually?
Answer and draw neatly the necessary cash flow diagrams, and box your final answers.
A man purchases a lot worth 1,000,000 if paid in cash. On installment basis, he paid P200,000 down payment, P300,000 at the end of the year, P400,000 at the end of the fourth year and the last payment at the end of the 5th year. If money is worth 16%, what is the worth of the last payment?
Suppose that you borrow a loan of amount P from a bank at the end of month 3 and make the monthly deposits to the bank as in the cash flow diagram below. In the following cash flow diagram A7=A8=A9=1000, and starting with A10, deposits start decreasing in the amount of 40. However, due to a cash problem, you miss a payment at month 12 but continue with your original payment plan thereafter (that is, A10=960, A11=920, A12=0, A13=840 etc). With these payments, your dept to the bank will be 0 at the end of month 20. Assuming that the interest rate is 12% compounded monthly.
1-Find out the initial loan amount P.
2-Find the total interest paid to the bank
Chapter 1 Solutions
Excel Applications for Accounting Principles
Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - Prob. 7R
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