A loan contract signed on Mar/06/2013 called for a payment of $300,000 on Oct/11/2014 and a...
A loan contract signed on Mar/06/2013 called for a payment of $300,000 on Oct/11/2014 and a second payment of $700,000 on Feb/11/2018. What was the single equivalent amount for these two payments on Jul/11/16 calculate at an interest rate of 4.05% compounded monthly?
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A loan contract signed on Mar/06/2013 called for a payment of
$300,000 on Oct/11/2014 and a...
11. [12pt] A homeowner obtains a loan called a mortgage from a bank for 130,000 dollars....
11. [12pt] A homeowner obtains a loan called a mortgage from a bank for 130,000 dollars. The loan has a yearly interest rate of 6.9 percent, which is compounded monthly. That is, each month the amount that the homeowner still owes increases by 6.9/12 0.575 percent of the amount currently owed (called interest). The loan is intended to last for 102 months. So, after making 102 total payments (all equal in amount), the homeowner will have paid back not only...
Ari Goldstein issued $300,000 of 11%, five-year bonds payable on January 1, 2018. The market interest...
Ari Goldstein issued $300,000 of 11%, five-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually. Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) (Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest dollar.) Upon issuance of the bonds payable, the company received $...
ents due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest....
ents due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest. redit More Info 2018 Mar. 1 Borrowed $300,000 from Bartow Bank. The 15-year, 9% note requires payments due annually, on March 1. Each psyment consists of $20,000 principal plus one year's interest Dec. 1 Mortgaged the warehouse for $400,000 cash with Sammon Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 6 % and accrues monthly. The first...
Total Loan amount: The total mortgage loan amount is the amount you borrow after paying your down payment. Here, we assumed that you would pay 20% of the home value (property value) as a down payment. 2. Months: The mortgage payment period is set to 30 ye
Total Loan amount: The total mortgage loan amount is the amount you borrow after paying your down payment. Here, we assumed that you would pay 20% of the home value (property value) as a down payment. 2. Months: The mortgage payment period is set to 30 years. In terms of months, this is equivalent to 30 years multiplied by 12 months. We put our primary basis of payments in terms of months, which is why we need to convert everything...
1. The unit cost of installing a solar power system per km² was $5,000 in 2010...
1. The unit cost of installing a solar power system per km² was $5,000 in 2010 when the construction cost index was 1,850. Construction of a 5 MW power system requires 50 km² of land. Estimate the cost of constructing a solar power system of 20 MW in 2020 given that the construction cost index is 2,450 and the size-factor is 0.75? 2. A company that manufactures general-purpose transducers invested $2 million four years ago in high-yield junk box bonds....
Below is set of transactions for company, Orange Electronics Warehouse (“OEW”), from January 1, 2018 through...
Below is set of transactions for company, Orange Electronics Warehouse (“OEW”), from January 1, 2018 through December 31, 2018. Prepare the journal entries for each transaction shown, Also, please prepare any adjusting entries which may be required such as depreciation, amortization of prepaid expenses, etc., they can be done once at the end of the year The following transactions took place during the year ended December 31, 2018: (1) January 2 New investors contributed $225,000 cash to help in launching...
Tucker Boats began business on September 1, 2013, ...Tucker Boats has adopted a September 30 as...
Tucker Boats began business on September 1, 2013, ...Tucker Boats has adopted a September 30 as fiscal year end, just in time to stock new merchandise. On September 1, Joe ...hired a recent graduate, Henry Webster. In the next few days of September, he rented a sales office, boat garage, and lot space. The store is open Monday through Saturday and Joe is there all six days. Henry works 8 hours per day, Monday through Friday. Both Henry and Joe...
What is an annuity? Select one: a. present worth of a series of equal payments. b....
What is an annuity? Select one: a. present worth of a series of equal payments. b. a single payment. c. a series of payments that changes by a constant amount from one period to the next. d. a series of equal payments over a sequence of equal periods. e. a series of payments that changes by the same proportion from one period to the next. Question 2 The present worth factor Select one: a. gives the future value equivalent to...
MUST SHOW ALL CELL FORMULAS Required: You need to prepare a comprehensive 12-month budget, including supporting...
MUST SHOW ALL CELL FORMULAS
Required: You need to prepare a comprehensive
12-month budget, including supporting schedules and a report for
the period January 1, 2020 to December 31, 2020 for Hedron,
Inc.
INFORMATION FOR HEDRON, INC.
Hedron, Inc. is a company that re-sells one product, a
particularly comfortable lawn chair. An overseas contractor makes
the product exclusively for Hedron, so Hedron has no manufacturing
related costs.
PRODUCT COSTS
In Nov of 2019, each lawn chair costs
Hedron $4 per...
Adjustment information as of September 30, 2013 not already given in original transactions: Joe was very...
Adjustment information as of September 30, 2013 not already
given in original transactions:
Joe was very conscientious in checking his customers' credit
history. However, while at the Nevada State Boat Show, he learned
that it is customary within the pleasure boating industry for
retail boat sales to suffer bad debt losses equal to 5% of
credit sales. Joe decides that it is prudent to
use the 5% industry-wide standard until he has more experience with
his own business and customers....
11. [12pt] A homeowner obtains a loan called a mortgage from a bank for 130,000 dollars. The loan has a yearly interest rate of 6.9 percent, which is compounded monthly. That is, each month the amount that the homeowner still owes increases by 6.9/12 0.575 percent of the amount currently owed (called interest). The loan is intended to last for 102 months. So, after making 102 total payments (all equal in amount), the homeowner will have paid back not only...
ents due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest. redit More Info 2018 Mar. 1 Borrowed $300,000 from Bartow Bank. The 15-year, 9% note requires payments due annually, on March 1. Each psyment consists of $20,000 principal plus one year's interest Dec. 1 Mortgaged the warehouse for $400,000 cash with Sammon Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 6 % and accrues monthly. The first...
1. The unit cost of installing a solar power system per km² was $5,000 in 2010 when the construction cost index was 1,850. Construction of a 5 MW power system requires 50 km² of land. Estimate the cost of constructing a solar power system of 20 MW in 2020 given that the construction cost index is 2,450 and the size-factor is 0.75? 2. A company that manufactures general-purpose transducers invested $2 million four years ago in high-yield junk box bonds....
MUST SHOW ALL CELL FORMULAS
Required: You need to prepare a comprehensive
12-month budget, including supporting schedules and a report for
the period January 1, 2020 to December 31, 2020 for Hedron,
Inc.
INFORMATION FOR HEDRON, INC.
Hedron, Inc. is a company that re-sells one product, a
particularly comfortable lawn chair. An overseas contractor makes
the product exclusively for Hedron, so Hedron has no manufacturing
related costs.
PRODUCT COSTS
In Nov of 2019, each lawn chair costs
Hedron $4 per...
Adjustment information as of September 30, 2013 not already
given in original transactions:
Joe was very conscientious in checking his customers' credit
history. However, while at the Nevada State Boat Show, he learned
that it is customary within the pleasure boating industry for
retail boat sales to suffer bad debt losses equal to 5% of
credit sales. Joe decides that it is prudent to
use the 5% industry-wide standard until he has more experience with
his own business and customers....
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