Great news!! Our favorite pizza shop, Joe's had a record year. They had $4,743,823 in sales. For the year they had cash operating expenses of $523,854. They had COGS of $1,240,000. They had depreciation of $100,000 (not counted in cash operating expenses), They paid interest on their bonds of $114,000. They decided to pay $52,000 in dividends. They also received $27,000 in dividend income in a company they have a 45% ownership stake in, what is their tax liability?
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- This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $126,323 left to pay on your loan. Your house is now valued at $220,000. How much of the original loan have you paid off? (i.e, how much have you reduced the loan balance by? Keep in mind that interest is charged each month - it's not part of the loan balance.) The total mortgage amount as $144,000, interest rate is 8%, the mortgage is 30 years.A corporation creates a sinking fund in order to have $910,000 to replace some machinery in 8 years. How much should be placed in this account at the end of each month if the annual interest rate is 6.8% compounded monthly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years. 2 years S 4 years S 6 years S How much interest was earned during the second month of the 6th year? SA corporation creates a sinking fund in order to have $910,000 to replace some machinery in 9 years. How much should be placed in this account at the end of each month if the annual interest rate is 5.7% compounded monthly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years How much interest was earned during the third month of the 4th year? $
- A corporation creates a sinking fund in order to have $950,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each week if the annual interest rate is 3% compounded weekly? (Round your answers to the nearest cent.)$ How much interest would they earn over the life of the account?$ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ How much interest was earned during the fourth week of the 6th year?can you help meA company deposited $8,500 into an investment fund at the beginning of every quarter for 4 years. It then stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at 4.50% compounded monthly.a. What was the accumulated value of the fund at the end of 4 years ?$0.00b. What was the accumulated value of the fund at the end of 7 years ?$0.00c. What was the amount of interest earned over the 7-year period? Since the birth of his granddaughter, 18 years ago, Nicole has deposited $150 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was 4.50% compounded monthly for the first 9 years and 4.75% compounded monthly for the next 9 years. a. What was the accumulated value of the RESP at the end of 9 years? b. What was the accumulated value of the RESP at the end of 18 years? c. What was the amount of interest earned over the 18-year period?
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