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- Table 1: Half-Year Convention 200% Declining Balance Year 3 Year 5 Year 7 Year 1 33.33% 20.00% 14.29% 2 44.45% 32.00% 24.49% 3 14.81% 19.20% 17.49% 4 7.41% 11.52% 12.49% 5 11.52% 8.93% 6 5.76% 8.92% 7 8.93% 8 4.46% Below are four asset purchases made in Asset Cost Date Office Table $1,000 January 1 Office Desk 1,500 September 29 File Cabinet 2,000 October 15 Computer 6,000 December 31 What is the maximum 2018 Sec. 179 deduction for these purchases? $10,500 $2,500 $8,000 $0Problem 6-12 Calculating EAR [LO4] Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) Number of Times Effective Rate Compounded (EAR) 8.5 % 17.5 Quarterly Monthly % 13.5 Daily 10.5 Infinite#9 O Item Prior year Current year Accounts payable 8,193.00 7,858.00 Accounts receivable 6,044.00 6,592.00 Accruals 1,021.00 1,379.00 Cash ??? ??? Common Stock 11,724.00 12,455.00 COGS 12,775.00 18,196.00 Current portion long-term 4,957.00 5,018.00 debt Depreciation expense 2,500 2,754.00 Interest expense 733 417 Inventories 4,101.00 4,775.00 Long-term debt 14,725.00 14,635.00 Net fixed assets 50,550.00 54,207.00 Notes payable 4,377.00 9,925.00 Operating expenses (excl. 13,977 18,172 depr.) Retained earnings 28,729.00 29,950.00 Sales 35,119 47,942.00 Тахes 2,084 2,775 What is the firm's cash flow from investing? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: Infinity
- #9 O Item Prior year Current year Accounts payable 8,113.00 7,909.00 Accounts receivable 6,029.00 6,555.00 Accruals 999.00 1,352.00 Cash ??? ??? Common Stock 11,096.00 12,144.00 COGS 12,698.00 18,074.00 Current portion long-term 4,971.00 4,959.00 debt Depreciation expense 2,500 2,836.00 Interest expense 733 417 Inventories 4,232.00 4,816.00 Long-term debt 14,899.00 14,036.00 Net fixed assets 50,114.00 54,819.00 Notes payable 4,323.00 9,810.00 Operating expenses (excl. 13,977 18,172 depr.) Retained earnings 28,849.00 29,434.00 Sales 35,119 46,806.00 Таxes 2,084 2,775 What is the firm's cash flow from investing? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: InfinityQuestion 6 At what rate compounded quarterly will Php15,000 accumulate to Php18,000 in 5 years? O 6.09% 3.66% 3.65% 6.07%mid term q1 (1).jpg 8°C Partly sunny 2021 QS 10-2 Current portion of long-term debt LO1 On January 1, 2020, La Petite Macaron, a local French bakery, borrowed $84,000 from the bank. Interest is calculated at the rate of 4% and the term of the note is four years. Four equal annual payments will be made in the amount of $23,141 each December 31. The payment schedule is shown below: 2022 Year Annual Payment Principal Portion of Payment Interest Portion of Payment Principal Balance at Year-End 2020 $19,781 $3,360 $64,219 20,572 2,569 43,647 21,395 22,252 22,252 2023 $23,141 23,141 23,141 23,141 e Show how La Petite Macaron will show the note on its year-end balance sheet: 1. December 31, 2020 2. December 31, 2021 H Q Search : 444 hp 1,746 889 6 -0- Q 100% ENG IN 23:48 05-11-2023 0 pa dn
- Question content area top Part 1 What sum deposited today at 6% compounded annually for 15 years will provide the same amount as $1000 deposited at the end of each year for 15 years at 7% compounded annually?GLOBE § 1AW a all 46% O 8:54 pm SET A - At the beginning of the year, Gilas Company had the total assets of P2,000,000 and a total liabilities of P500,000. Answer the following questions: 1. If the total assets increased by P300,000 during the year and total liabilities decreased by P120,000, what is the amount of owners' equity at the end of the year? 2. During the year, total liabilities increased by P200,000, and owner's equity decreased by P140,000. What is the amount of total assets at the end of the year? 3. If total assets decreased by P160,000 and owner's equity increased by P200,000 during the year, what is the amount of total liabilities at the end of the year? SET B - Use the expanded equation to answer each of the following questions: 4. At the beginning of the year, the owner's capital of Matobato Company is P450,000 while its liabilities at the end of the year are P270,000. During the year, the owner withdrew cash for his personal use amounting to P120,000 and the results…10:19 x SEASON REQUIRED: 2.1 2.2 Phillip Mosena is the sole owner. The information relates to the VAT period ended 31 July 2022. The standard VAT rate of 15% is applicable to all goods purchased and sold. sü • INFORMATION Calculate the VAT amount that is payable to SARS on the 31 July 2022. During August, the accountant came across a document for furniture bought by Phillip Mosena for his personal home, for R46 000 cash. Phillip said that R6 000 VAT included in this amount must be regarded as input VAT. Further investigation revealed that similar documents were regularly entered in the books over the past year. Advise the Phillip on how to deal with this matter. State TWO points. DETAILS A. Amount due to SARS on 1 July 2022 is R31 470. B. The following transactions appeared in the records for July 2022. Total sales Purchases of stock Discount received from suppliers Goods returned by debtors Stock taken by owner at cost Debtors' accounts written off EXCLUDING VAT R535 000 385 000 11…
- #8 O Item Prior year Current year Accounts payable 8,100.00 7,786.00 Accounts receivable 6,081.00 6,685.00 Accruals 1,000.00 1,553.00 Cash ??? ??? Common Stock 10,998.00 11,247.00 COGS 12,678.00 18,011.00 Current portion long-term 4,928.00 4,981.00 debt Depreciation expense 2,500 2,774.00 Interest expense 733 417 Inventories 4,250.00 4,824.00 Long-term debt 13,238.00 13,578.00 Net fixed assets 51,887.00 54,423.00 Notes payable 4,300.00 9,879.00 Operating expenses (excl. 13,977 depr.) 18,172 Retained earnings 28,209.00 29,224.00 Sales 35,119 45,333.00 Taxes 2,084 2,775 What is the firm's cash flow from financing? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: InfinityProblem 6-13 Calculating EAR (LO3) Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Stated Rate (APR) 10.8% 19.8 15.8 12.8 Number of Times Compounded Quarterly Monthly Daily Infinite Effective Rate (EAR) 용Question 11 A nine months 15% note for $9,000 dated April 15 is reciebed from a customer. The maturity value of the note is ____
