A mother borrowed P200.000 with 2% interest monthly and promised to pay the amount in 30 equal monthly installments which will start at the beginning of each period. Determine the monthly payment.
Q: Nix'lt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts th...
A: Closing entries are reported in the books to close the temporary accounts such as expenses and reven...
Q: On January 1, 2021, EXPERT EFFORT Company purchased serial bonds with face value of P3,000,000 and s...
A: Under the amortized cost method, present value of the bond can be calculated by discounting all the ...
Q: Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets ...
A: Debt to equity ratio = Total liabilities / Total equity where, Total liabilities = Accounts payable ...
Q: A. Management has developed a new inventory management system that it projects will reduce company i...
A: The cash would be increased if the inventory would be decreased and accounts payable would be increa...
Q: A company reported that its bonds with a par value of $50,000 and a carrying value of $60,500 are re...
A: Cash flow on retirement of bond On retirement of bond there is cash outflows from financing activiti...
Q: List and describe the components of Gross Domestic Product on the demand side. Be sure to account fo...
A: Gross Domestic Product: In a particular period of time, the gross domestic product (GDP) quantifies ...
Q: Tollowing inrormation, prepare a general journal entry to
A: In Payroll accounting we debit the total amount payable as sa...
Q: Suppose your firm is considering buying a van costing $95,000. What is the Undepreciated capital cos...
A: Proportional Tax- A proportional tax, such as a sales tax, is a sort of proportional tax. All consum...
Q: shmart, Inc., began operations this year. The company produced 1,000 units and sold 1,000 units at a...
A: Solution: Net income under absorption costing will be computed by first determining gross profit and...
Q: A machine has a first cost of P97,198.62 and has an expected salvage value after 10 years P11,240.93...
A: The declining balance method of depreciation: Declining balance method depreciation indicates an acc...
Q: Itzy Corporation provides the following information for the month of February based on the productio...
A: Gross Profit = Sales - Cost of goods sold Cost of goods sold includes direct material , direct labor...
Q: n order to prepare Forms W-2, an employer would utilize the employee's earnings record. True OFalse
A: Form W-2 (Wages and Tax Statement) is an Internal Revenue Service (IRS) tax form used in the United...
Q: 9. the BIR is under the supervision of the: A. Department of Budget B. Bureau of Customs 10. Which o...
A: 9.Answer: C. Department of Finance. The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas In...
Q: La Femme Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follow...
A: In order to determine the amount of Desired profit, the Investment assets are required to be multipl...
Q: 341,000 Fair value of plan assets, Jan. 1 Contributions to the retirement fund during the year Benef...
A: Introduction: Plan assets are assets/investments kept by a long-term employee benefit fund for the p...
Q: Food Delivery Services (FDS) share price is worth $18 today. In a year, the market for meal prep del...
A: In case of probabilistic data, returns are calculated using the various expected returns with corres...
Q: Profits generated by a Machine Prime Inc. were 100 M for the first year and increased by 10 M each y...
A: In the given question, Profit of P 100 million is generated at the end of first year. This amount wi...
Q: Ivanhoe Leasing Company agrees to lease equipment to Shamrock Corporation on January 1, 2020. The fo...
A: Lessor Company: Lessor Company is an entity that permits other entity to utilize their asset for som...
Q: In preparing a company's statement of cash flows using the indirect method, the following informatio...
A: Lets understand the basics. Cashflow statement indicates cash inflow and outflow occur during a year...
Q: D. Income Statement and E. Balance Sheet
A: Answered:
Q: Whispering Steel Company, as lessee, signed a lease agreement for equipment for 5 years, beginning D...
A: Liabilities: In monetary bookkeeping, a liability is characterized as the future penance of financia...
Q: PepsiCo, Inc., reported the following information about its long-term debt in the notes to a recent ...
A: Long term debt is that kind of debt which is presented differently from short term debt and also mos...
Q: Required information Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume ...
A: Cost volume profit analysis is the technique used by the management for decision-making. The methods...
Q: How much is the return on plan assets during the year? c. 101,000 a. 51,000 b. 81,000 d. 1,000
A: Solution:- Actual Return :- An actual return refers to the actual gain or loss an investor experien...
Q: Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies ...
A: The question is based on the concept of Cost Accounting.
Q: a. Show the accounting entries that you would make to record depreciation on tractors of R20 000, wh...
A: Date Account Titles and Explanation Debit Credit Dec'31 Depreciation Expense - Tractors ...
Q: What is common stock
A: Common Stock is the total amount paid in by stockholders for the shares they purchase.
Q: Monica wants to sell her share of an investment to Barney for $58,000 in three years. If money is wo...
A: Present value formula is: PV = FV / (1 + r / n)nt Where, PV = Present value FV = Future value r = ...
Q: A machine with a cost of $144,000, accumulated depreciation of $92,000, and current year depreciatio...
A: Solution: Cash flow from investing activities of cash flow statement shows the cash generated or spe...
Q: Tyler Company has the following information related to purchases and sales of one of its inventory i...
A: Average cost per unit = Total cost of purchaseNumber of units purchased ...
Q: When planning to perform an audit, an accountant must have a clear understanding of audit risk and i...
A: Audit risk It is the risk that financial statements are materially incorrect, even though financial ...
Q: Pedro Corporation owns an 80% interest in Simon Company. In the consolidated financial statements on...
A: Pedro Corporation owns an 80% share in Simon Company, according to the question. The share capital o...
Q: Which of the following has the most effective annual rate of interest? 12.15% compounded semi-annual...
A: Effective Annual Rate of Interest: An effective annual interest rate is the true return on a savings...
Q: A widower was granted a loan of P20,000 by her employer with an interest of 6% for 3 months. The com...
A: A promissory note is a type of debt instrument that consists of a written pledge by one party (the c...
Q: Dannilynn Davis Decorators began business on July 1st, and had the following transactions: 7-1: Dann...
A: Financial Statement - Financial Statement includes Income Statement, Statement of Owner's Equity, an...
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year roun...
A: * As per Bartleby policy, in case multiple questions are asked then answer first three only. a. Calc...
Q: Davenport Inc. offers a new employee two options. First, the employee can receive a one-time signing...
A: Present value is the concept that states an amount of money today is worth more than that same amoun...
Q: Powers Company reported net sales of $1,310,000, average Accounts Receivable, net of $67,500, and ne...
A: Accounts receivable turnover ratio = Net salesAverage Accounts receivable =$1,310,000$67,500=19.49 t...
Q: Tempura Company produces 2,000 parts each year that are used in one of its products. The unit cost o...
A: An accounting method which determines the value of profit which is realized from a operations of bus...
Q: Complete the remaining columns of the payroll register for the five employees whose information was ...
A: The payroll register is prepared to calculate the withholdings and net pay of each and every employe...
Q: Apr.1Purchased for cash $372,000 of Vasquez City 3% bonds at 100 plus accrued interest of $2,790. J...
A: Face Value: Face value is a monetary term used to portray the ostensible or dollar worth of a securi...
Q: anuary 1, 2026 and were purchased for P5,550,000 to yeild 11%. The entity classified the bondss as h...
A: Price of bond is the present value of coupon payment and the present value of the par value of the b...
Q: An engineer bought equipment for P500,00O. HE spent an additional amount of P30,000 for installation...
A: Total cost of the equipment = P500,000 + P30,000 = P530,000 Annual depreciation = Total depreciat...
Q: 's and would like to earn a long-run i ka division will change its unit selling is return. The follo...
A: Tokyo Company has invested 1,400,000 in the business and desires to make a profit of 20% on its inve...
Q: 10. Determine the rate of depreciation, the total depreciation up to the end of the 8th year and the...
A: Depreciation Expense - Depreciation Expense is the expense incurred because of usage, wear and tear,...
Q: A company has net income of $950,000; its weighted-average common shares outstanding are 190,000. It...
A: given A company has earnings per share net income of $950,000; its weighted-average common shares ...
Q: Swift Delivery is a small company that transports business packages between New York and Chicago. It...
A: Solution a: Net Present value of City Vans Year 0 1 2 3 4 Initial investment -90000...
Q: Hoyt Corp's current balance sheet reports the following stockholders' equity: 5% culmulative prefere...
A: We need to calculate Preferred stock interest = Par value of Preferred stock P250,000 Premi...
Q: Tanek Corp's sales slumped badly in 2017. For the first time in its history, it operated at a loss. ...
A: The break even sales are the sales where business earns no profit no loss during the period.
Q: a. Show the accounting entries that you would make to record depreciation on tractors of R20 000, wh...
A: Lets understand the basics. Depreciation is a reduction in value of asset due to wear and tear, tech...
Step by step
Solved in 2 steps
- I need answer ASAp A mother borrowed 293,957 with 0.16 compound semi-annually and promised to pay the amount by 24 equal semi-annual installments which will start at the beginning of each period. Determine the semi-annual payment.A mother borrowed P200,000 with 2% interest monthly and promised to pay the amount by 30 equal monthly installments which will start at the beginning of each period. Determine the monthly payment.A mother borrowed 169,908 with 0.07 compounded monthly and promised to pay the amount by 19 equal monthly installments which will start at the beginning of each period. Determine the monthly payment.
- Ma. Nochna Pula borrowed $10,000 at 6% annual compound interest. She agreed to repay the loan with five equal annual payments at end of each year. How much is the annual payment?A mother borrowed 244,635 with 0.14 compounded semi - annually and promised to pay the amount by 8 equal semi - annual installments which will start at the beginning of each period. Determine the semi - annual payment.A woman deposits $260 of her quarterly check into an annuity for the education of her child. She does this at the end of each quarter for 4 years into an account paying 6% per year, compounded quarterly. Find the amount of the annuity and the interest earned.
- Maria deposits $1,000 in her account at a rate of 3% per year as interest for 2 years. what is the interest percent?Ruth bought an insurance for 66,000 at 6% to receive an annuity for 16 years. Find the specified amount for each condition. (A) Monthly payments with interest rate compounded semiannually; (B) Payments at the beginning of each 6 months with interest rate compounded quarterlyOn August 19, Siobhan O’Sullivan started an ordinary annuity. She arranged to have $150 deducted from her end-of-month paychecks. The money would earn 6 7/8 % interest compounded monthly. a) Find the future value of the account on December 1.b) Find Siobhan’s total contribution to the account.c) Find the total interest earned.
- Tiffany received a loan of $8,600 at 4.75% compounded monthly. She settled the loan by making periodic payments at the end of every three months for 5 years, with the first payment made 3 years and 3 months from now. What was the size of the periodic payments?Shelly Obama Sanders gets a loan for $3,000 and repays the loan in 12 monthly payments of $258.75 per month. Under the APR formula, what is the amount of interest included in her first payment? Keep your answer to two decimal placesJohn bought a car with cash value of P15,294 on the installment plan under the following terms: P4,312 cash upon delivery and the balance payable in 12 equal monthly payments. Assuming money is worth 5.23% compounded quarterly. What is his monthly payments? How much is his remaining debt at the end of eight months? Topic: Annuity
