The liabilities of Organic Foods are made up of $60,000 in notes payable as of its December 31 year-end. For those notes payable,$3,000 is due within the next year. Prepare the liabilities section of Organic Foods's December 31 year-end balance sheet.ORGANIC FOODSLiabilities Section of Balance SheetDecember 31Current liabilitiesLong-term liabilitiesTotal liabilities

Given that total liabilities are $ 60,000 payable as of 31 December. $3000 is due with next year on…

Answered: e liabilities of Organic Foods are made…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity $80 every month 2 1 2 6 monthly $
Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) Time Interest $25,000 8.7 years $10,875
← Find the present value of an ordinary annuity which has payments of $700 per year for 13 years at 5% compounded annually. The present value is $ (Round to the nearest cent.)
Kalie has $25,000 that she would like to invest in a certiicate of deposit earning 2.15% compunding monthly over a 5 year period. What would be the future value of her investment? $25,000.00 $27,834.59 $32,250.00 $125,000.00
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Calculate the missing information on the revolving credit account. Interest is calculated on the unpaid or previous month's balance. (Round dollars to the nearest cent.) PreviousBalance AnnualPercentageRate (APR)(as a %) MonthlyPeriodicRate FinanceCharge(in $) Purchasesand CashAdvances PaymentsandCredits NewBalance(in $) $2,470.00 1 1/4% $1,334.98 $400.00
Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $3,000 every year 20 4 annually $
PRACTICE ANOTHER Clearlake Optical has a $50,000 note that comes due in 3 years. The owners wish to create a sinking fund to pay this note. If the fund earns 1.5% compounded semiannually, how much must each semiannual deposit be? (Round your answer to the nearest cent.)
Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $300 every month 1 1 4 6 monthly
Latanya Brown established an ordinary annuity of $1,000 annually at 9% annual interest. What is the future value of the annuity after 17 years? How much of her own money will Latanya have invested during this time period? By how much will her investment have grown? LOADING... Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value is $nothing
Payment Number Amount of Payment 0 1 $310.97 2 $310.97 3 $310.97 4 $310.97 5 $310.97 6 $310.97 7 $310.97 8 $310.97 9 $310.97 10 $310.97 11 $310.97 12 $310.97 Amortization Table Interest for Period $35.00 $32.24 $29.45 $26.64 $23.79 $20.92 $18.02 $15.09 $12.13 $9.15 $6.13 $3.08 Portion to Principal $275.97 $278.73 $281.52 $284.33 $287.18 $290.05 $292.95 $295.88 $298.84 $301.82 $304.84 $307.89 Principal at End of Period $3500.00 $3224.03 $2945.30 $2663.78 $2379.45 $2092.27 $1802.22 $1509.27 $1213.39 $914.55 $612.73 $307.89 $0.00
Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $300 every month 1 1 4 6 monthly $

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