Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 18L Basic- 50% Hra-20% Da - 12% Travel allowance- 2000 Insurance - 2500 Incentive- 75% target completion Pf 12% Earned leaves - 2 LOP - 4

Q: 11. equipment loan for $20,000 down payment of 20 percent 12 percent APR for 30 months a. What is…

A: As mentioned,  Equipment Purchase Price = 20,000 Down Payment = 20% Down Payment = Down Payment % *…

Q: The shedule g8 a)ing ac cOunts For a compny geav 2020 Account rectubl $20,000 $ So00 $ 4000 $2500 31…

A: Age Accounts receivable Estimate % of Bd debts Estimated uncollectible accounts Current…

Q: Leon Tyler's VISA balance is $793.15. He may pay it off in 12 equal end-of-month payments of $75 ea

A: Interest: It implies to the monetary charge that is paid by the borrower as a result of privilege of…

Q: You observe that one-month and two-month T-strip spot rates are 6% and 7 %, respectively. What is…

A: Spot rate is the rate at which the instrument is selling today and forward rate is the rate sometime…

Q: Calculate the monthly payment from the following information by formula. (Do not round intermediate…

A: Compound = monthly = 12 Time = t = 48 months Present value = pv = $4560 Interest rate = r = 13.5 /…

Q: Calculate the percentage of AR over 90 days:   Total accounts receivable over 90 days: $18,105.50…

A: The percentage is calculated by divide your total accounts receivable by your total accounts…

Q: Assume the following data for Lusk Inc. before its year-end adjustments: Sales for the year…

A: Journal: Recording of a business transactions in a chronological order.

Q: Cash Price $7,880 Down payment $0 Annual Percentage Rate 14.53% Deferred price $11,131.80 or 60…

A: Cash Price = $7,880Down payment = $0Annual Percentage Rate = 14.53%Here in this case we have to…

Q: compute the amount of interest that will be charged

A: Average daily balance method means calculation of interest on daily balances outstanding using an…

Q: structions: repare the entries in the Journal

A: Step 1 Journal is the Part of Book keeping.

Q: A gasoline engine is available on instalment basis with a down payment of P 10,682 and P 5,479 at…

A: Present Value of Annuity Due refers to a concept which determines the value of cash flows at present…

Q: Find the following:   Annual Premium Canceled After Canceled By Premium Cost Refund $600 7months…

A: Premium is an amount paid periodically to the insurer by the insured for covering his risk.

Q: lit sales (each month): ugust and September 2018 October, November and December 2018 anuary,…

A: Receipts and Payments Schedule in the business: It is the scheduled to received the cash from the…

Q: Princeton's detailed age analysis of trade receivables at 31 December 2020 shows the following:…

A: Trade receivables are those receivables which the company have which has not been received by the…

Q: b. Prepare a schedule of monthly cash payments for June through September. Note: Input all amounts…

A: A cash budget is prepared by the companies where they estimate the cash inflows and cash outflows…

Q: The cost of discounts missed on credit terms 2/10, n/50 is (use 360 days)

A: Credit terms Credit terms are those requirements that are mentioned on an invoice that includes the…

Q: previous year. The modified duration calculated on January 1, 2014 is X. Given an annual effective…

A: Perpetuity is different type of annuity in which there is payment forever and may increase with…

Q: Company AA has forecast purchases to be .000 in june 377,000 in juy s317.000 in Augunt nd…

A: Cash payments budget shows expected and estimated cash payments to be made for cash purchases as…

Q: The cash price for furniture for all rooms of a three-bed-room house is $7234. The fumiture can be…

A: In actuarial method, the allocation of payment is made on a loan between the due balance of loan and…

Q: our current balance is $20,000. You may use any method to solve this as long as I can verify your…

A: In this question, we will be creating Loan amortization table until its get fully paid off. The…

Q: Data for RelyaTech Corp., a large merchandiser, is below: • Sales are budgeted at $300,000 for…

A: Accounts Payable: It implies to the sum of money or amount that is owed by any individual or the…

Q: Use Scenario Manager to create a scenario report summarizing the monthly payments (use the PMT…

A: The time value of money (TVM) is a core financial principle indicating that money's worth fluctuates…

Q: what to do in income statement when rent income was in increased by 10% on 1 February 2021.the rent…

A: Income statement is one of the financial statements, which report income, expenditures, profits or…

Q: Here is a forecast of sales by National Bromide for the first four months of 2019 (figures in $…

A: When cash sales are made , Cash inflows arise immediately. However , whenever credit sales are made…

Q: a

A: Nominal Rate of Return reflects actual amount of return to be received over a period. Inflation…

Q: What end of month payments are required over 4 years to pay off a $27,000 loan borrowed at 9.75%…

A: A loan is an agreement between two parties where an amount is forwarded with the promise to pay it…

Q: 8. Fay Teng's expenditures for the past 3 months were: August, $1,735.50; September, $1,829.42; and…

A: The average monthly expenditure can be calculated as arithmetic mean.

Q: For the given student loan, find the interest that accrues in a 30-day month, then find the total…

A: To calculate the interest that accrues in a 30-day month and the total amount of interest that will…

Q: Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA…

A: The Asset Turnover Ratio (ATO): The asset turnover ratio measures the efficiency of a company's…

Q: Previous Balance Annual Percentage Rate (APR Monthly Periodic Rate Finance Charge $35.00 Purchases…

A: Required: Fill in the missing numbers in each row.

Q: a. Convert the following Annual Salaries Monthly 4,583.33 3,333.33 3,125.00 2,000.00 8,000.00 a. $…

A: A social security program called the Canada Pension Plan (CPP) offers qualifying Canadians savings…

Q: What are the key points arising from the credit controller's review in respect of each trade…

A: Trade receivables are those receivables which the company have which has not been received by the…

Q: You wish to finance the purchase of a boat home for $38,400. A finance company offers an APR of 12%…

A: Loan amortization is the process of paying off a loan based on an equal monthly payment. Each…

Q: The schedule of aging accounts for a Company at the end of the year 2020, appears below Accounts…

A: The allowance for doubtful accounts is created to record estimated bad debt expense for the period.

Q: 1. What this ratio tells us about? 2. Do you like the situation in this company? 3. What are your…

A: ANSWER TO (1) Net operating cycle represents the time period during which company converts its…

Q: Complete the following table: Spot One-month Three-month 1.9072-1.9077 Forward Quotations 32-30…

A: Spot rate is given in 4 decimals but swap points are given in 2 decimal , hence we convert swap…

Q: Use PMT  P(r/n) / (1- (1+r/n)-nt to determine regular pymt amt, rounded to nearest dollar. Home cost…

A: The expression to calculate PMT is given below: