COMPUTE FOR YOUR CARRYING AMOUNT FOR THE YEAR ENDED 2021

Q: What is the present value on January 1, 2016, of 40000 due on January 1, 2020 and discounted at 11%…

A: Step 1: This problem involved the concept of how a certain value or amount of money changes due to…

Q: Define effective (or equivalent) annual rate (EAR or EFF%)

A: The effective annual interest rate is the real return on reserve funds or savings account or other…

Q: Appraise the fiscal performance of Ghana for the past ten years (2022-2012).

A: Fiscal performance refers to how well a government manages its revenue, expenditure, and debt…

Q: On January 1, 2020, a machine was purchased for $400,000 by Younger Leasing Co. The machine is…

A: An agreement of contract that is prepared to transfer the right to use the resources for a…

Q: What amount is required to invest to work between three semesters and at a rate of 16.255% per…

A: Rate is 16.255% per semester monthly capitalization Total amount is $70,866.31 To Find: Amount…

Q: Compute the pretax profit (income before income taxes) if the net income is $140,000 and the income…

A: Net income = $140,000 Income tax rate = 0.30 or 30% Pretax profit = ?   Pretax profit is the profit…

Q: What are total finance charges over that three-year period?

A: Finance charges = Total payment made  - Loan amount.

Q: What is the future value on December 31, Year 11, of 20 cash flows of $15,000 with the first cash…

A: The future value (FV) is a financial concept that represents the value of a sum of money at a…

Q: primo office supplies has been in existence for two years (2019 and 2020). The first year (2019) had…

A: Cash method of accounting is allowed for small Businesses. Small Businesses refers to businesses…

Q: The effective rate of interest is 5% per annum during the calendar years 2016 and 2017, and it is 9%…

A: Future Value = Present Value * (1 +Interest rate)time period

Q: These financial statement items are for Blossom Tax Services at year-end, July 31, 2020. Salaries…

A: Lets understand the basics. Income statement is prepared by management to know the net income…

Q: Beginning December 31, 2018, Stanley wants to make ten equal, annual withdrawals from an investment…

A: Since the withdrawal will be made at the end of each year, therefore, it is an annuity and formula…

Q: Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the…

A: Solution: On Dec 31, 2018, the long term liabilities will be = Principal amount due in 2020 and 2021

Q: determine the  average collection period( days) for pepsi CO. for year 2019, 2020,2021

A: In Millions As per the Consolidated Financial Statement Particulars 2021 2020 2019 2018…

Q: Yogi has the following financial data Investment assets at year end Investment assets at beginning…

A: Investment at the end = $475,000Investment at the beginning = $392,000

Q: What is the future value on June 30, Year 11, of 20 cash flows of $15,000 with the first cash…

A: Compound = Semiannually = 2time = 20 Payment = $15,000Semiannually Interest Rate = 10 / 2 = 5%

Q: Using 2019 values and not averages, answer the following: c) What is the purchase to payment…

A: Cash Conversion Cycle:-  There is basic discussion of working capital cycle of a business, which…

Q: Pronghorn Industries changed from the double-declining-balance to the straight-line method in 2021…

A: Depreciation: It is often defined as a gradual reduction in the cost of fixed assets that are used…

Q: Financial projection for income, balance and cash flow for 1 year for the following information

A: To generate accurate financial projections for income, balance, and cash flow over the next year,…

Q: Big Blue University has a fiscal year that ends on June 30. The 2022 summer session of the…

A: Revenue is to be recognised as and when all performance obligations satisfied and there is…

Q: Search online for Tesla’s Annual Report for fiscal year 2020 that ended on December 31, 2020. Answer…

A: Ratios help analyse how the company is performing. They help investors get valuable insights about…

Q: he following information was available for the year ended December 31, 2019: Earnings before…

A: Times interest earned ratio refers to the measure used to check whether the company is able to pay…

Q: In its November 2018 press release, AT&T revealed that CAPEX for fiscal 2019 was expected to be in…

A: Operating, investing and financial activities are found in the statement of cash flows. Statement of…

Q: compute the material loading charge percentage for sutton's Electronic Repair Shop for the year 2020

A: Introduction:- The following formula used to calculate material loading charge percentage for…

Q: Using the given information, calculate the amount in respect of Subscription that is needed to be…

A: The Income and Expenditure Account is a summary of all items of income and expenditure which relate…