een Single entry system and Double entry system? 12. On 1st April, 2008, Bihar Collieries obtained a machine on the hire purchase system, the total amount payable being Rs 2,50,000. Payment was to be made Rs 50,000 down and the balance in four annual installments of Rs 50,000 each. Interest charged was at the rate of 15 per cent. At what value should the machine be capitalized record necessary journal entries?

een Single entry system and Double entry system? 12. On 1st April, 2008, Bihar Collieries obtained a machine on the hire purchase system, the total amount payable being Rs 2,50,000. Payment was to be made Rs 50,000 down and the balance in four annual installments of Rs 50,000 each. Interest charged was at the rate of 15 per cent. At what value should the machine be capitalized record necessary journal entries?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Solve in digital format STEP BY STEP please (Show the complete procedure please, the equations you used and the substitutions) A company requested a bank loan of $ 100,000 agreed for a two-year term, at an interest rate of 18%, with a monthly capitalization clause. What is the future amount or value of the operation?
デジタル形式で段階的に解決ありがとう!! SOLVE STEP BY STEP IN DIGITAL FORMAT 4-Determine the payback period for the general distribution company s de rl de cv, The first machine requires an initial investment of $14,000 and will generate annual cash receipts after taxes of $3,000.00, 4,900.00, 1,500.00, 5,450.00, 800.00, 2,490.00, over the next 6 years. The second machine requires an initial investment of $21,000 and will provide an annual after-tax cash inflow of $4,000, 5,000.00, 6,000.00, 1,200.00, 1,100.00, 2,800.00, 3,600.00 for 7 years. a) Determine the payback period for each machine. b) Comment on whether the acquisition of the machines is acceptable, assuming that they are independent projects. c) Which machine should the company accept? Because?
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Subject: accounting
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1. Answer what is required of the problem.
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