Homework Answers
Value = 50000 * PVIF ( 8% , 8 years )
50000 * 0.54027 =
$ 27013.5 is the answer.
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Stevenson Inc. purchased equipment by signing a $50,000 noninterest-bearing note due in 8 years. Comparable borrowings...
1 points Save Ans Shaw wants to invest money in a 8% CD account. Interest is...
1 points Save Ans Shaw wants to invest money in a 8% CD account. Interest is compounded annually. Shaw would like the account to have a balance of $100,000 4 years from now. How much must Shaw deposit today to accomplish his goal? (Do not add dollar sign; do not add comma to your amount round the answer to the whole number) Present Value of $1 Present Value of Ordinary Annuity of $1 Period 3% 4% 6% 8% 8 3%...
Rosario's Florist borrows $100,000 to be paid off in 8 years. The loan payments are annual...
Rosario's Florist borrows $100,000 to be paid off in 8 years. The loan payments are annual with the first payment due in one year, and annual interest rate is at 3%. What is the amount of each payment? (Do not add dollar sign; do not add comma to your amount: round the answer to the whole number) Present Value of Ordinary Annuity of $1 Present Value of Annuity Due of $1 Period 3% 446 6% 846 3% 696 8% 4...
A firm leases equipment under a long-term finance lease (analogous to an installment purchase) that calls...
A firm leases equipment under a long-term finance lease (analogous to an installment purchase) that calls for 10 annual payments of $50,000. The first payment is due at the inception of the lease. The annual rate on the lease is 3% What is the value of the leased asset at inception of the lease? (Do not add dollar sign; do not odd commo to your amount; round the answer to the whole number) Present Value of Ordinary Annuity of $1...
A firm leases equipment under a long-term finance lease (analogous to an installment purchase) that calls...
A firm leases equipment under a long-term finance lease (analogous to an installment purchase) that calls for 10 annual payments of $50,000. The first payment is due at the inception of the lease. The annual rate on the lease is 3% What is the value of the leased asset at inception of the lease? (Do not add dollar sign; do not odd commo to your amount; round the answer to the whole number) Present Value of Ordinary Annuity of $1...
Please help thank you January 1, 2012 Kristy Corp is issuing 400,000 of 10% 3-year bonds...
Please help thank you
January 1, 2012 Kristy Corp is issuing 400,000 of 10% 3-year bonds with semiannual interest payments. Potential bond investors want a rate of 8% interest (market Rate). Compute the market price (present value) of the bonds and the "Closing Price % of Face". 14 AE10-17 PV Bond B Kristy Assignment 400k 896 Prem Video XX Show your calculations including the #'s from the PV tables. Text pages 384 - 387 7e Calculate Present value of Bond...
Bond Issue Calculations of Proceeds Present Value of $1 at Compound Interest Periods 4.0% 4.50% 5.0%...
Bond Issue Calculations of Proceeds Present Value of $1 at Compound Interest Periods 4.0% 4.50% 5.0% 5.50% 1 0.96154 0.95694 0.95238 0.94787 2 0.92456 0.91573 0.90703 0.89845 3 0.88900 0.87630 0.86384 0.85161 0.85480 0.83856 0.82270 0.80722 0.82193 0.80245 0.78353 0.76513 6 0.79031 0.76790 0.74622 0.72525 7 0.75992 0.73483 0.71068 0.68744 8 0.73069 0.70319 0.67684 0.65160 9 0.70259 0.67290 0.64461 0.61763 10 0.67556 0.64393 0.61391 0.58543 6.0% 6.50% 7.0% 7.50% 8.0% 0.94340 0.93897 0.93458 0.93023 0.92593 0.89000 0.88166 0.87344 0.86533 0.85734...
Exercise 10-13 Ivanhoe Engineering Corporation purchased conveyor equipment with a list price of $45,200. Three independent...
Exercise 10-13 Ivanhoe Engineering Corporation purchased conveyor equipment with a list price of $45,200. Three independent cases that are related to the equipment follow. Assume that the equipment purchases are recorded gross. 1. Geddes paid cash for the equipment 25 days after the purchase, along with 5% GST (recoverable) and provincial sales tax of $3,164, both based on the purchase price. The vendor's credit terms were 1/10, n/30. 2. Geddes traded in equipment with a book value of $1,000 (initial...
Question 1 of 6 < > 0.93 / 8 View Policies Show Attempt History Current Attempt...
Question 1 of 6 < > 0.93 / 8 View Policies Show Attempt History Current Attempt in Progress On July 1, 2020 Tamarisk Limited issued bonds with a face value of $900,000 due in 20 years, paying interest at a face rate of 11% on January 1 and July 1 each year. The bonds were issued to yield 12%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor...
Pharoah Inc. decided to purchase equipment from Central Ontario Industries on January 2, 2020, to expand its production...
Pharoah Inc. decided to purchase equipment from Central Ontario Industries on January 2, 2020, to expand its production capacity to meet customers' demand for its product. Pharoah issued a $929,000, 5-year, non-interest-bearing note to Central Ontario for the new equipment when the prevailing market interest rate for obligations of this nature was 12%. The company will pay off the note in 5 $185,800 instalments due at the end of each year of the note's life. (The tables in this problem...
On January 1, 2018, QuickStream Communications leased telephone equipment from Digium, Inc. Digium’s cash selling price...
On January 1, 2018, QuickStream Communications leased telephone
equipment from Digium, Inc. Digium’s cash selling price for the
equipment is $1,987,838. The lease agreement specifies six annual
payments of $430,000 beginning December 31, 2018, and at each
December 31 thereafter through 2023. The six-year lease is equal to
the estimated useful life of the equipment. The contract specifies
that lease payments for each year will increase by the higher of
(a) the increase in the Consumer Price Index for the...
1 points Save Ans Shaw wants to invest money in a 8% CD account. Interest is compounded annually. Shaw would like the account to have a balance of $100,000 4 years from now. How much must Shaw deposit today to accomplish his goal? (Do not add dollar sign; do not add comma to your amount round the answer to the whole number) Present Value of $1 Present Value of Ordinary Annuity of $1 Period 3% 4% 6% 8% 8 3%...
Rosario's Florist borrows $100,000 to be paid off in 8 years. The loan payments are annual with the first payment due in one year, and annual interest rate is at 3%. What is the amount of each payment? (Do not add dollar sign; do not add comma to your amount: round the answer to the whole number) Present Value of Ordinary Annuity of $1 Present Value of Annuity Due of $1 Period 3% 446 6% 846 3% 696 8% 4...
A firm leases equipment under a long-term finance lease (analogous to an installment purchase) that calls for 10 annual payments of $50,000. The first payment is due at the inception of the lease. The annual rate on the lease is 3% What is the value of the leased asset at inception of the lease? (Do not add dollar sign; do not odd commo to your amount; round the answer to the whole number) Present Value of Ordinary Annuity of $1...
A firm leases equipment under a long-term finance lease (analogous to an installment purchase) that calls for 10 annual payments of $50,000. The first payment is due at the inception of the lease. The annual rate on the lease is 3% What is the value of the leased asset at inception of the lease? (Do not add dollar sign; do not odd commo to your amount; round the answer to the whole number) Present Value of Ordinary Annuity of $1...
Please help thank you
January 1, 2012 Kristy Corp is issuing 400,000 of 10% 3-year bonds with semiannual interest payments. Potential bond investors want a rate of 8% interest (market Rate). Compute the market price (present value) of the bonds and the "Closing Price % of Face". 14 AE10-17 PV Bond B Kristy Assignment 400k 896 Prem Video XX Show your calculations including the #'s from the PV tables. Text pages 384 - 387 7e Calculate Present value of Bond...
Bond Issue Calculations of Proceeds Present Value of $1 at Compound Interest Periods 4.0% 4.50% 5.0% 5.50% 1 0.96154 0.95694 0.95238 0.94787 2 0.92456 0.91573 0.90703 0.89845 3 0.88900 0.87630 0.86384 0.85161 0.85480 0.83856 0.82270 0.80722 0.82193 0.80245 0.78353 0.76513 6 0.79031 0.76790 0.74622 0.72525 7 0.75992 0.73483 0.71068 0.68744 8 0.73069 0.70319 0.67684 0.65160 9 0.70259 0.67290 0.64461 0.61763 10 0.67556 0.64393 0.61391 0.58543 6.0% 6.50% 7.0% 7.50% 8.0% 0.94340 0.93897 0.93458 0.93023 0.92593 0.89000 0.88166 0.87344 0.86533 0.85734...
Exercise 10-13 Ivanhoe Engineering Corporation purchased conveyor equipment with a list price of $45,200. Three independent cases that are related to the equipment follow. Assume that the equipment purchases are recorded gross. 1. Geddes paid cash for the equipment 25 days after the purchase, along with 5% GST (recoverable) and provincial sales tax of $3,164, both based on the purchase price. The vendor's credit terms were 1/10, n/30. 2. Geddes traded in equipment with a book value of $1,000 (initial...
Question 1 of 6 < > 0.93 / 8 View Policies Show Attempt History Current Attempt in Progress On July 1, 2020 Tamarisk Limited issued bonds with a face value of $900,000 due in 20 years, paying interest at a face rate of 11% on January 1 and July 1 each year. The bonds were issued to yield 12%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor...
Pharoah Inc. decided to purchase equipment from Central Ontario Industries on January 2, 2020, to expand its production capacity to meet customers' demand for its product. Pharoah issued a $929,000, 5-year, non-interest-bearing note to Central Ontario for the new equipment when the prevailing market interest rate for obligations of this nature was 12%. The company will pay off the note in 5 $185,800 instalments due at the end of each year of the note's life. (The tables in this problem...
On January 1, 2018, QuickStream Communications leased telephone
equipment from Digium, Inc. Digium’s cash selling price for the
equipment is $1,987,838. The lease agreement specifies six annual
payments of $430,000 beginning December 31, 2018, and at each
December 31 thereafter through 2023. The six-year lease is equal to
the estimated useful life of the equipment. The contract specifies
that lease payments for each year will increase by the higher of
(a) the increase in the Consumer Price Index for the...
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