Homework Answers
| Statement showing Computations | |||||
| Monthly Payment number | Outstanding balance due | 1% Interest Payment | Amount of monthly payment | Reduction in balance Due | Outstanding balance due |
| 1.00 | 690.00 | 6.90 | 100.00 | 93.10 | 596.90 |
| 2.00 | 596.90 | 5.97 | 100.00 | 94.03 | 502.87 |
| 3.00 | 502.87 | 5.03 | 100.00 | 94.97 | 407.90 |
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Jill bought a $690 rocking chair. The terms of her revolving charge are...
Jill bought a $720 rocking chair. The terms of her revolving charge are 1% on the...
Jill bought a $720 rocking chair. The terms of her revolving charge are 1% on the unpaid balance from the previous month. If she pays $100 per month, complete a schedule for the first 3 months. Be sure to use the U.S. Rule. (Round your final answers to the nearest cent.) Monthly payment number Outstanding balance due 1.0% Interest payment Amount of Reduction in monthly payment balance due Outstanding balance due
zoom picture please Peg Gasperoni bought a $50,000 life insurance policy for $340 per year. Ryan...
zoom picture please
Peg Gasperoni bought a $50,000 life insurance policy for $340 per year. Ryan Life Insurance Company sent her the following billing instructions along with a premium plan example: "Your insurance premium notice will be mailed to you in a few days. You may pay the entire premium in full without a finance charge or you may pay the premium in installments after a down payment and the balance in monthly installments of $85. The finance charge will...
zoom please Peg Gasperoni bought a $50,000 life insurance policy for $340 per year. Ryan Life...
zoom please
Peg Gasperoni bought a $50,000 life insurance policy for $340 per year. Ryan Life Insurance Company sent her the following billing instructions along with a premium plan example: "Your insurance premium notice will be mailed to you in a few days. You may pay the entire premium in full without a finance charge or you may pay the premium in installments after a down payment and the balance in monthly installments of $85. The finance charge will be...
please do C part only Assume that your group represents the Credit Manager of a North...
please do C part only
Assume that your group represents the Credit Manager of a North Vancouver Credit Union and that Mr. Wayne Gretski, on his way through Vancouver to the 2022 Olympics, has asked that you analyze the history of his previous and current mortgage transactions. Exactly 10 years ago, Mr. Wayne Gretski purchased a beautiful condo at Whistler for $760,000 and made a down payment of $295,000. The balance was mortgaged at the Canada Bank at 4.30% compounded...
Question 1 - Interest & loan Sue will need $120,000 to refurbish her house at the...
Question 1 - Interest & loan Sue will need $120,000 to refurbish her house at the comer of a main road into a cake shop in 5 years. She has a saving account which cam 3.47% p.a compounding quarterly and she is able to deposit $800 into that account at the end of each month for 5 years. a) Will Sue have enough money after 5 years? If not, how much is in short? Show all calculations. (4 marks) b)...
Question 1 -Interest & loan Sue will need $120,000 to refurbish her house at the corner...
Question 1 -Interest & loan Sue will need $120,000 to refurbish her house at the corner of a main road into a cake shop in 5 years. She has a saving account which carn 3.47 % p.a. compounding quarterly and she is able to deposit $800 into that account at the end of each month for 5 years. a) Will Sue have enough money after 5 years? If not, how much is in short? Show all calculations. (4 marks) b)...
Comprehensive Problem #2 Budget Project Accounting 2302 The Excel file of this project is to unde...
Comprehensive Problem #2 Budget Project Accounting 2302 The Excel file of this project is to understand and apply the basic concepts of profit planning. Use the to complete the assignment and submit the completed Excel file on Blackboard. a comprehensive 6-month budget, including supporting schedules, for the period January 1, 2018 to June 30, 2018 for Henron, Inc. (a fictional company). The budgets must be prepared on Excel using the templates I have prepared Part of this project is demonstrating...
Please put the following transactions into the General Journal. Dec 1: Purchased equipment costing $15,608 by...
Please put the following transactions into the General
Journal.
Dec 1: Purchased equipment costing $15,608 by taking out a 4-month installment note with First Bank. The note will be paid back in four equal installments of $4,000 at the end of each month for four months. The interest rate on the note is 12% compounded monthly, and the first installment payment is due on December 31, 20X5. Interest calculations are rounded to the nearest whole month and whole dollar. The...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...
Please read the article and answer about questions. You and the Law Business and law are...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
Jill bought a $720 rocking chair. The terms of her revolving charge are 1% on the unpaid balance from the previous month. If she pays $100 per month, complete a schedule for the first 3 months. Be sure to use the U.S. Rule. (Round your final answers to the nearest cent.) Monthly payment number Outstanding balance due 1.0% Interest payment Amount of Reduction in monthly payment balance due Outstanding balance due
zoom picture please
Peg Gasperoni bought a $50,000 life insurance policy for $340 per year. Ryan Life Insurance Company sent her the following billing instructions along with a premium plan example: "Your insurance premium notice will be mailed to you in a few days. You may pay the entire premium in full without a finance charge or you may pay the premium in installments after a down payment and the balance in monthly installments of $85. The finance charge will...
zoom please
Peg Gasperoni bought a $50,000 life insurance policy for $340 per year. Ryan Life Insurance Company sent her the following billing instructions along with a premium plan example: "Your insurance premium notice will be mailed to you in a few days. You may pay the entire premium in full without a finance charge or you may pay the premium in installments after a down payment and the balance in monthly installments of $85. The finance charge will be...
please do C part only
Assume that your group represents the Credit Manager of a North Vancouver Credit Union and that Mr. Wayne Gretski, on his way through Vancouver to the 2022 Olympics, has asked that you analyze the history of his previous and current mortgage transactions. Exactly 10 years ago, Mr. Wayne Gretski purchased a beautiful condo at Whistler for $760,000 and made a down payment of $295,000. The balance was mortgaged at the Canada Bank at 4.30% compounded...
Question 1 - Interest & loan Sue will need $120,000 to refurbish her house at the comer of a main road into a cake shop in 5 years. She has a saving account which cam 3.47% p.a compounding quarterly and she is able to deposit $800 into that account at the end of each month for 5 years. a) Will Sue have enough money after 5 years? If not, how much is in short? Show all calculations. (4 marks) b)...
Question 1 -Interest & loan Sue will need $120,000 to refurbish her house at the corner of a main road into a cake shop in 5 years. She has a saving account which carn 3.47 % p.a. compounding quarterly and she is able to deposit $800 into that account at the end of each month for 5 years. a) Will Sue have enough money after 5 years? If not, how much is in short? Show all calculations. (4 marks) b)...
Comprehensive Problem #2 Budget Project Accounting 2302 The Excel file of this project is to understand and apply the basic concepts of profit planning. Use the to complete the assignment and submit the completed Excel file on Blackboard. a comprehensive 6-month budget, including supporting schedules, for the period January 1, 2018 to June 30, 2018 for Henron, Inc. (a fictional company). The budgets must be prepared on Excel using the templates I have prepared Part of this project is demonstrating...
Please put the following transactions into the General
Journal.
Dec 1: Purchased equipment costing $15,608 by taking out a 4-month installment note with First Bank. The note will be paid back in four equal installments of $4,000 at the end of each month for four months. The interest rate on the note is 12% compounded monthly, and the first installment payment is due on December 31, 20X5. Interest calculations are rounded to the nearest whole month and whole dollar. The...
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