Chapter 1 problems

Based on the provided information in the attached image, please calculate the following simpe equations; (It's super simple, just tiny simple mathematical calculations that should take only 2 minutes, I'm just lost with the wording...) Average collection period, =  Days to sell inventory, =  Accounts payable payment period, = Amborse's cash-to-cash cycle, = The company's bank loan =

Answer please.it's an accounting question.it would be really helpful. surely will upvote

please step by step solution.

Without using excel, answer the question: An investor takes a loan for $40000 to  purchase inventory to start a business.  The terms of the investors loan state that the interest rate is 12%, interest is compounded monthly and payments will be made in 12 equal end of month payments. How much would the investor need to pay in month 7

Alice’s second initiative calls for Fresh & Fruity to obtain a bank loan of a sufficient size to enable the company to take all suppliers’ discounts. What is the minimum size of this loan? (Hint: To take all suppliers’ discounts, the average payment period must be 10 days, and net purchases will be purchases – (Purchases from Figure 1 x .02). Assume that all this happens, and solve the following formula for the new accounts payable balance, using:   Accounts payable = Average payment period x Purchase per day* *Based on net purchases/360.   Now compare the accounts payable you just solved with the new accounts payable balance you found in question 3. The difference is the size of the loan that is required. Assume that Fresh &Fruity does obtain an 8 percent loan for one year in the amount you solved in question 5, and it reduces its accounts payable balance accordingly. Now the company is taking 2 percent discounts on all purchases and paying 8 percent a year on the loan…

Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.) $4000 balance, 14%, $2,500 payment (a) previous balance method $ (b) adjusted balance method $ (c) average daily balance method $ Need Help? Read It

K1. 15) FIGURE OUT THE NEW STATEMENT BALANCE. You have a credit card that charges 18.99% on any outstanding balances, and 25% on cash advances, plus a fee of 3% of the amount of the cash advance. The closing date on the credit card is the 1st of each month. Last month you left a balance of $1800 on your credit card. This month you took out a cash advance of $450 and made $1600 in additional purchases. You made a payment of $950. What will the total of your new balance be on your next credit card statement, considering finance charges?

Solve this problem & give accurate answer

Solve the following ledger please 1. We buy goods on credit for $30,000.00, we pay 50% in cash, and the rest on credit. 2. We buy goods on credit for $150,000.00, we pay 50% in cash, 30% on credit and for the rest we sign a document. 3. On March 1, 2005, we bought merchandise for $65,000.00 and signed a document, for which they will charge us 1% per month. we paid on May 31, 2005. 4. On February 1, 2005, we took a loan from BBVA for the amount of $230,000.00, signing a promissory note at 17% per year for 60 days. the document was paid on March 31, its expiration date. (document with interest and document with discounted interest). 5. On June 1, 2004, we requested a loan from Mr. Adolfo López in the amount of $320,000.00, and we signed a promissory note at 15% per annum for 6 months. (both methods). 6. On July 1, 2004, we accepted a document from "Abarrotera Novoa" for $37,800.00, payable on December 31 of the same year. In October, our company requires liquid resources, so we…

DO IT IN EXCEL AND SHOW FORMULAS DO IT IN EXCEL AND SHOW FORMULAS Jorge Del Llano, a start-up merchant, needs $360,000.00 liquid to invest in inventory and pay certain start-up expenses for his business. The Bank has investigated him and considers him eligible for credit. The Bank authorizes an unsecured credit facility, subject to the provision of a line of credit appropriate to your needs, charging 18% interest for a term of 60 days. The origination fee is 1.25%. For what amount was the loan signed for Del Llano to receive the $360,000 free of charge?

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Tom&Dick sells computer software. All credittransactions are done through credit cards, so there is a100% probability of receiving the money, but there is await of up to 10 days while the transaction is beingprocessed. When Tom&Dick prepares financialstatements at the end of its first business year, it should*a. exclude accounts receivable, because customersmay not pay b. include accounts receivable as an assetbecause of the matching principle c. exclude accountsreceivable as the amount is variable with interest ratesd. include accounts receivable as an asset because ofthe cost principle e. none of the above

I'm not sure that I understand this March 15 Swifty sold merchandise for $1,000 in its retail outlet and the customer used his Swifty credit card. March 31 Swifty added 1.4% monthly interest to the customer’s credit card balance. To calculate we need to use formula [$1,000 X 1.4% X (1/2) month].  I would appreciate it if somebody would explain to me why we multiplied [($1,000 X 1.4%) on 1/2 months]

Please solve this question

whats the answer to number 1?

RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please A merchant acquires a lot of merchandise with a value of $ 350,000 that he agrees to liquidate by making an immediate payment of 123,500 and a final payment 5 months later, agreeing to pay interest at a rate of 23% semi-annually. How much should this payment be?

You have a credit card with an APR of 16%. You begin with a balance of $750. In the first month you make a payment of $550 and you make charges amounting to $400. In the second month you make a payment of $300 and you make new charges of $600. Complete the following table. (Round your answers to the nearest cent.) Previous balance Payments Finance charge New balance Purchases Month 1 $750 Month 2 %24 24 eBook

You had a balance of $2,100 last month after your payment on your credit card. You charged one pair of shoes on the 10th for $210. Your card has a minimum finance charge fee of $5 per month and an APR of 8%. What is your total balance due this period if the card's fees are calculated via the adjusted balance method? Total balance due $ 2,319

Can you help me wit the spreadsheet in the picture attached. this is the rest of the information given. for my homeowrk please help asap The fiscal period is one month. Merchandise Inventory at November 30 is $265 000. Supplies on hand November 30 are valued at $11 400. Equipment depreciation is 25 percent per year, using the declining-balance method. Round off the depreciation to the nearest dollar.   $450 interest is owed on the bank loan. $1300 is owed to employees.