Catelyn makes deposits of $1242 at the beginning of every 6 months into an account earning 6.68% compounded quarterly. How much will she have after 2 years?
Q: How can we determine the interest rate of a company from the annual report ? provide examples
A: Interest Expenses It is important for the business entity to calculate the interest cost which are…
Q: Gross profit Less: Operating income 4. What if November production was 57,000 units, costs were…
A: Contribution margin is the excess of sales over variable cost.
Q: Question 4 Based on the following information provided by Max Trading Company on December 31, 200,…
A: The net income is calculated as gross profit less expenses
Q: Buddy uses the LIFO method for a majority of their inventory. If Buddy had used FIFO for all of…
A: Basic Accounting Impact of change in Inventory valuation method on retained earning.
Q: Assume thet e compeny makes oriy one product meinteins no beginring or encing inventories, and uses…
A:
Q: Questions: 1.) How many people should attend the seminar to break-even? 2.) Given this BEP number,…
A: We will use the BEP analysis here. BEP analysis refers to breakeven point analysis.
Q: Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company reports inventory and…
A: Under FIFO Inventory Cost Method, Units which comes in first will be sold first and the inventory…
Q: Do all the sub parts otherwise I downvote the answer.
A: Variance is the difference between standard and actual.
Q: journalize. Completed services that were paid for six months earlier, $3,700
A: When the cash was received in advance the following journal was passed: Account Titles and…
Q: ced quantity and realized price in a duopoly with firms A and B that is characteriz
A: Given a demand function P= 140-Q where Q= Q1+ Q2 MC=$ 20
Q: At the end of the financial year ending 30 June 2022, the following adjustments are required.…
A: The adjustment entries are prepared to adjust the revenue and expenses at the year end. The…
Q: Which of the following audit phases would generally be conducted last in relation to the others? *
A:
Q: Indirect materials used are 10,000 and indirect labor is 20,000. Purchases of materials are 100,000.…
A: Direct material used = Purchase of material + Decrease in material - Indirect material used =…
Q: 1. Gabriel works on a commission basis and receives 3.8% on his monthly sales for ST. Peter Life…
A: Dear student as you have asked multiple different questions ,and as per guidelines we will solve…
Q: The Bomb Pop Corporation sold ice cream equipment for $18,500. The equipment was originally…
A: Formula: Gain or loss = Sale value - Net book value of Asset
Q: On June 1, 2021, Conundrum Company purchased at 101 a $300,000 face value bond paying 6%, with…
A: The debt is the type of securities issued by the corporation to raise funds. The company pays a…
Q: Company had the following property cquired a tract of land and building in P120 per share on the…
A: Acquistion of long term asset If Long term asset is acquired in exchange of non cash items, Fair…
Q: P Co. issued 6,000 shares of its common stock, valued at $300,000, to the former shareholders of S…
A: Basic accounting concept of issue of shares
Q: journalize. Completed services that were paid for six months earlier, S3,700
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: During the first year of Wilkinson Co.'s operations, all purchases were recorded as assets. Supplies…
A: Formula: Supplies expense = Beginning supplies + Supplies purchased - Ending supplies
Q: 9. Assuming the management chooses the first option, which amount the product lines will be…
A: Blackpink Inc. has 4 product lines - La-Lisa, Jennie, Jisoo and Rose. Two products out of the 4 are…
Q: file his annual ITR on February 2019. On May 2020, he received a notice of assessment from BIR for…
A: X files annual return on Feb 19. On receiving notice from BIR for underpayment, X can file amended…
Q: 3. Macaroni Inc. showed the following balances in its financial statements for 2021. 510,000…
A: Assets are the resources being used by the business for its operations and progress. These can be…
Q: Merchandise with a list price of P 20.000 was purchased under the terms 2/10, n/30 vwith trade…
A: The purchases will be recorded at List Price less 10% and then 5% discount. As per terms 2/10, a…
Q: Triple-F Health Club (Family, Fitness, and Fun) is a not-for-profit, family-oriented health club.…
A: Cash budget is the one which includes the quantitative estimates for the payments and receipts of…
Q: Dec 31 Purchased new equipment for P750,000, paying P150,000 cash and signing a 3-year, 7% note for…
A: Warranty expense refers to the expenses which is to be incurred by a business entity in case their…
Q: 5. The following information are related to Bacon Corporation: Sales Php 15,000,000 3.0x Asset…
A: Calculation of Book Value per share Book value per share = Total Equity/ Number of equity shares…
Q: Determine if this shall result in recognition of liabilities 6. Declaration of cash dividends on…
A: Cumulative preference shares are those preference shares whose dividend gets accumulate if any year…
Q: Chicago Company reported the following information at the end of the current year: Common…
A: The dividend can be paid to the shareholders from the retained earnings of the business. The…
Q: Determine the amount of any depreciation recapture (DR), capital gain (CG), or capital loss…
A: The answer is stated below:
Q: Required information Problem 17-6AA (Algo) Income statement computations and format LO A2 (The…
A: Loss from operating a discontinued segment = $19850( pretax) Less:…
Q: Group 2 On August 1, 2022, AtrasZhinigang Manufacturing Co. received P4,200,000 from The STUVWXYZ…
A:
Q: 1. Assume expenses are 40% of revenue. If we trend Revenue growth at 3% per year for 5 YEARS, AND…
A: Answer:- 1 13.97 % higher is Net Operating Income in Year 5 vs Year 1. Notes:- Lets' assume…
Q: low-cost range for multiple alternatives. variable cost/unit location fixed cost elm 125 01 ferry 50…
A: Cost accounting is one of the important branch of accounting. Under this branch, various type of…
Q: Based on the following audited financial statements of Fast Truckers at the end of December 31,…
A: Net income is calculated as gross receipts less total expense
Q: P Co. issued 6,000 shares of its common stock, valued at $300,000, to the former shareholders of S…
A: Business Combination means acquisition of shares of one company by another company. The Business…
Q: Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Which of the following would be an example of a reasonable assurance engagement?
A: The audit is done in order to review the financial statement and finds the errors and misstatement…
Q: 23 October Purchased tables and chairs for P65 750.00 paid in cash 23 October Paid rental for space…
A: Lets understand the basics. Journal entry is required to make to record event and transaction occur…
Q: towards Company was form accounting fees; P150,000 for legal fees; stock certification costs of…
A: Basic Accounting concept Capitalisation of expense Revenue nature expenses identification
Q: Why is it important to include the tax effect into cost of capital computations for firms with debt…
A: In case of debt financing company Cost of debt we take for computation of weighted average cost of…
Q: Husband and Wife are engaged in business of selling product X in Mindanao, where there are many…
A: Return file which means submitting to the tax authority about the incomes which has been earned…
Q: Lina Company purchased equipment on January 1, 2022 for P5,000,000. The equipment had a useful life…
A: Solution... Depreciation rate using double Declining method = 200% ÷ life = 200% ÷ 5 = 40%…
Q: Outline the relevant forces that exert pressure on Legal & Tax as an organisational system to…
A: Gender mainstreaming means integrating the concept of gender equality into all categories and levels…
Q: A company shows a $20,000 unfavorable direct labor rate variance and a $10,000 unfavorable direct…
A: Total direct labor variance = Actual cost of direct labor - Standard cost of direct labor where,…
Q: What nominal rate compounded semiannually will yield the effective rate 6%? 2. Find the effective…
A: Effective annual interest rate = (1 + (nominal rate / number of compounding periods)) ^ (number of…
Q: Word Problem Question 4: (You have to submit an image of your FULL sólütioh to the question in…
A:
Q: _7. To avoid fraud, it is recommended to check the Philippine Stock Exchange (PSE) to see if a…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Rhett Corporation provides the following information for 2020: 20 Budgeted manufacturing…
A: The overhead rate is calculated as total overhead cost divided by estimated base activity. The…
Q: Business Law
A: Business law refers to the body of law that governs the working of business, trade, or commerce.…
Step by step
Solved in 3 steps
- Isabelle makes deposits of $365 monthly (at the end of each month) into an account that pays 1.5% interest compounded monthly. How much money will be in the account after 5 years?Vilma wants to have P350,000 at the end of 5 years by making a regular deposit at the end of each quarter in an account that pays 9.6% interest, compounded every 3 months. a. Find the amount of quarterly deposit. | b. Find the accumulated amount in the account after the 15th deposit. PAlina deposits $129 at the end of every six months into an account that earns 2.56% compounded monthly. Find the future value of the account in 10 years and 6 months. Round your answer to the nearest cent. future value = S
- Anna places $384 each quarter into an account that earns. If the account earns 1.41% interest compounded quarterly. After 7 years, the amount in the account should be? What kind of account is thisKim deposits 4,700 pesos into an account earning 1.25% intererst per annually. How much money will be added to her account 9 months?Suzana would like to accumulate RM5,000 in 3 years in a saving account which pays 6% annual interest compounded monthly. How much should she saves every month if she makes her deposit: (a) At the end of each month. (b) At the beginning of each month. (c) At the end of each month, with the last payment to be made 6 months before 3 years. 5.
- Erica deposits $1,400 at the end of every 3 months in an RRSP that is earning 6.90% compounded semi-annually. For the RRSP to accumulate to $38,000, calculate the following: a. How many deposits will he have to make? Round up to the next whole number b. How long will he have to make these deposits? years months Express the answer in years and months, rounded to the next payment periodBeatrice deposits $75 at the end of each month into an account earning 4.75% compounded monthly. How much will the account hold after 8 years?Tess wanted to have P100,000 on her bank account at the end of 8years. She plans to deposit an amount at the beginning of each month at an interest rate of 3.5% compounded quarterly.a.What is her monthly deposits?b.What is the present worth of these deposits?
- Abigail received a loan of $41,000 from the bank at 5.75% compounded monthly. If she had to repay $250 at the end of every month, what will be the principal balance at the end of 3 years? Round to the nearest centSammi deposits $12000 at the beginning of each 6-month period into a special savings account. This account will last for 7 years and pays the interest rate of 6% compounded semi-annually. What will be the balance when she closes the account in 7 years? $.......Fernaline wants to have 5000 dollars after 6 years in the account that draw a nominal interest of 7 percent that is compounded monthly. How much is the deposit for each month starting in 1 month?
