24. Find the future value of a P120 000-investment compounded semi-annually at 1.5% for 5 years. 25. Find the interest on a P120 000-investment compounded semi-annually at 1.5% for 5 years.
Q: Information about direct materials cost follows for a local company: Standard price per materials gr...
A: Standard price (SP) = $19 Actual quantity used (AQ) = 2450 grams Price variance = $19600 F Actual pr...
Q: 53,000 49,000 1,700,000 18,780 118,750 21,420 50,500 15,000,000 Cash On Hand Accounts Receivable Off...
A: The income statement is the financial statement that shows the financial performance of a business d...
Q: units The master budget at Western Company last period called for sales of 226, at $10.00 each. The ...
A: Profit variance is the difference between actual profit and budgeted profit Sales ariance is differe...
Q: Use the following information for the Exercises below. (Algo) [The following information applies to ...
A: The Break-even point is the point at which the total cost of the production is equal to the total re...
Q: A tavn aver has un utilized or excess Creditablc
A: Untilised or excess CWT is the excess tax paid by the taxpayer to BIR in the fo...
Q: On June 30, 2021, Line Company incurred a P100,000 net loss from disposal of a business segment. Als...
A: Loss from disposal of business segment = P 100000 Property taxes paid = 40000
Q: An annual fixed operating cost of P10,000,000 is incurred by a Auto Devices Manufacturing Company. E...
A: A Break-even point is a point when the total sales are equal to its total cost. It is a point that s...
Q: 14. Electricity costs that were incurred by a company's production processes should be debited to: a...
A: "Since you have asked multiple questions, we will solve first question for you. If you want any spec...
Q: Using the following information, determine the overhead rates and the actual cost assigned for each ...
A: Activity rate = Estimated overhead costEstimated use of cost driver Irrigation installation = Over...
Q: The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed be...
A: 1. Income Statement - This statement shows the income earned and loss incurred by the organization ...
Q: · Sales revenue- P500,000 · Cost of Goods Sold- P350,000 · Operating Expenses- P...
A: Solution: Other comprehensive income before tax will include all revenues or expenses taken before t...
Q: Find the present worth in year 0 (i-10%) Year 0 Year 1 -$50 Year 2 -$50 Year 3 -$70 -$90 Year 4 Year...
A: Present value = Future cash flow /(1+i)n Where is the periodic rate of interest n is the number of ...
Q: Veronica and Jasmine are twin sisters. They recently bought a townhouse together because they knew t...
A: The process of making estimate regarding future expenditures with a planned level of income is calle...
Q: Answer
A: Annual Percentage Rate is the full cost of borrowing from a bank or financial institution over the c...
Q: On July 1, 2022, BTS Company purchased a machinery from a dealer paying P2,310,000 cash. In addition...
A: Purchase cost = P2,310,000 Transportation cost = P150,000
Q: 9. I.J. Millora Corporation recently used P72,000 of direct materials and P3,000 of indirect materia...
A: Direct material is that which a firm used in production process and it can be directly related to th...
Q: Mr. Cruz bought 4,000 TYB shares at P3.00. He received cash dividends of P0.25 per share. The par ...
A: Number of shares = 4000 Purchase price of share = P3.00 Cash dividend = P0.25 Closing price = P4.00
Q: Lilo started operating a service proprietorship on April 1, 2021 with an initial cash investment of ...
A: Introduction:- Cash basis accounting:- Under this method. revenues recognized when cash is received,...
Q: For each of the following (1) identify the type of account as an asset, liability, equity, revenue, ...
A: All assets, expenses, and losses have a nominal debit balance. While liability, revenue and income h...
Q: Cobra Company sells appliance service contracts agreeing to repair appliances for a three-year perio...
A: In the given question, the company is engaged in providing appliance service and repairs and in retu...
Q: Sales revenue- P500,000 · Cost of Goods Sold- P350,000 · Operating Expenses- P55,000 ...
A: Answer Comprehensive income =$117000 Correct answer option A)117000 Comprehensive income is the sum...
Q: Yeontan Company is engaged in a small export business. The company maintain limited records. Most of...
A: Purchases Purchases is considered to be important part in the business entity which was used for the...
Q: In January 2021, ABC Inc. paid property taxes on its factory building for the calendar year 2021 in ...
A: Solution: Property taxes is for whole year, therefore same should be recognized equally in each quar...
Q: A corporation is closing its business on December 31, 2021 due to financial incapacity after being h...
A: The company has to sell the closing inventory and to pay tax on the realised amount.
Q: Timmy Company provided the following information pertaining to revenue earned by operating segments ...
A: The segment is reported if the revenue of the Segment is more than 10% of the total revenue of all t...
Q: 30. Find the monthly payment needed to save a P240000 down payment for a house in an annuity that pa...
A: Time value of money is the concept widely used by the management and individuals to determine the co...
Q: 11. Selected accounts with some debits and credits omitted are presented as follows: Work in Process...
A: Working: Amount (P) Opening balance 7,000 Add: Direct material ...
Q: the owner wishes to replace the old planner by a newly – designed planner with several advantages. T...
A: 1. Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of th...
Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, a...
A: Shareholder equity means the amount that belong to the owner of the company i.e. share holder. Profi...
Q: 58. On July 1, 2022, Kim Seok-jin Company purchased a machinery from a dealer paying P2,310,000 cash...
A: Historical cost of machinery is the cost incurred to purchase the machine and preparing it ready for...
Q: The accountant at Fidel Trading has received the November 2010 bank statement. She immediately inves...
A: Solution A journal is a company's official book in which all business transaction are recorded in ch...
Q: ne lease agreement, jutling machi: ave been obtained from Lessee's ght-line depreciation for its jut...
A: Lease refers to the contract by which one part rents out an asset for a desired period of time and p...
Q: Given the two machines' data Machine A Machine B First Cost P8,000.00 P14,000.00 Salvage value Annua...
A: Entity have two option to buy machine, machine A and machine B Following is the calculation
Q: On July 1, 2022, Kim Seok-jin Company purchased a machinery from a dealer paying P2,310,000 cash. In...
A: Purchase cost = P2,310,000 Cost incurred to bring the machinery = P150,000
Q: 6. Galera Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: Presented below is selected information pertaining to the Cone Company: § Cash balance, January 1,...
A: Solution: As per basic accounting equation: Total Assets = Total liabilities + Capital Ending Capita...
Q: Define and explain the importance of ‘Too Big to Fail’ and ‘Venture Capital Fund’
A: Too Big to Fail: It is said that a corporation or business sector is "too large to fail" when it is ...
Q: Peterson, Inc. purchased a machine under a deferred payment contract on December 31, 2001. Under the...
A: Given a specified rate of return, Present Value (PV) is the current value of a future sum of money. ...
Q: 5. The process of assigning overhead costs to the jobs that are worked on is commonly called: a. ser...
A: The correct answer for the above mentioned question is given in the following steps for your referen...
Q: 10. A review of a company's Work-in-Process Inventory account found a debit for materials of P67,000...
A: Solution: Production costs incurred are debited to work in process in terms of direct materials used...
Q: Job no. C12 was completed in November at a cost of P18,500, subdivided as follows: direct material, ...
A: Answer) The correct answer in the given question is: Account Titles and Explanation Debit ...
Q: Combe Corporation has two divisions: Alpha and Beta. Data from the most recent month appear below: A...
A: Introduction Break even point is the point at which total cost and revenue is equal, this is the poi...
Q: On December 31, 2020, Glare Company provided the following information: Accounts payable, including ...
A: Answer - Current Liability- Current liabilities are financial obligations as an organisation’s fin...
Q: ABC Company was engaged in leasing machinery. The following were obtained from the incomplete record...
A: Accrual system of accounting means where the cash received or paid is not important but the income a...
Q: (b). Briefly discuss how a firm should choose its debt-equity ratio.
A: Debt- equity ratio is the ratio which measures about how much the firm is financed through the funds...
Q: The warehouse is funded via a mortgage loan of R1 million, which bears interest at 10% per annum. Ta...
A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...
Q: A project costing P250,000 yields a yearly benefit of P80,000 for a period of 10 years with no salva...
A: Project cost = P250,000 Annual benefit (P) = P80,000 Interest rate (r) = 6% Period (n) = 10 Years
Q: n January 2021, ABC Inc. paid property taxes on its factory building for the calendar year 2021 in t...
A: Solution: Property taxes is for whole year, therefore same should be recognized equally in each quar...
Q: ears DIC 5,000. Then much? Exnl
A: Here, x be the age for property, y be the age for comp.
Q: equation of exchange from part b) and information of the Bank of Ghana’s Quarterly Bulletin/Statisti...
A: a) Velocity: It refers to the number of time at which money changes hands or moves from one transact...
Step by step
Solved in 2 steps with 1 images
- If the current rate of interest is 5%, then the future value (FV) of an investment that pays $1,000 per year and lasts 15 years is closest to: A. $12,947 B. $25,895 C. $21,579 D. $30,211What rate of interest, compounded annually, will result in the receipt of P15 938.48 if P10 000 is invested for 8 years?8. Determine the future value at the end of two years of an investment of OMR3,000 made now and an additional OMR3,000 made one year from now if the compound annual interest rate is 4 percent.
- 3. Determine the future values if OMR5,000 is invested in each of the following situations: a. 5 percent for ten years b. 7 percent for seven years c. 9 percent for four yearsWhat is the interest earned on a P100,000 investment if it is held for 20 years at 4.3% simple interest per year?8) Suppose an investment of $5.750.00 paying 6.5% nominal rate compounded semi-annually has a term of 5 years. Find the compound interest.
- 8. Determine the future value at the end of two years of an investment of OMR3,000 made now OMR3,000 made one year from now if the compound annual interest rate is 4 percent. and an additional14. If money is invested at 12% compounded semiannually, find the present value of P3,000 due at the end of 3 1/2 years9. An investment of P2, 500 is made at the end of each year with interest of 2. 5% compounded annualy. a. Determine the equal payment series coumpound amount factor after 8 years b. Determine the total amount of the investment after 8 years. c. How long (in years) will it take for the investment to amount P59, 865. 00?
- 5. Compute the interest fc: an amount of P200,000 for a period of 8 years if was made at 16% compounded every 2 months? I = F-P6) What is the future value (FV) of $20,000 in four years, assuming the interest rate is 4% per year? A) $15,208.16 B) $19,887.59 C) $23,397.17 D) $25,736.895. Find the future worth factor of an annual payment for 15 years at 13 % compounded annually.