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Q: compounded weekly. Determine the sıze of payments, and the total interest paid.
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Q: ) What is the accumulated sum of $35 a year for the next 7 years compounded annually at 7%?
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Interest earned on the principal and may be for a umber of years may be called ..............................
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- Expenditures—Operating—Salaries.......................................... Cash................................................................................ Salaries Payable for example? Incurred salaries of $300,000 $280,000 of which was paid. Where do i put these salaries.Trouble Company has provided the following data: Sales........................................................... $5,000,000 Interest expense......................................... $30,000 Total assets, beginning of year .................. $185,000 Total assets, end of year ............................ $215,000 Tax rate ...................................................... 30% Return on total assets ................................. 15.5% Tribble Company's net income was: A) $1,000 C) $22,000 B) $31,000 D) $10,000#8Aaron Moses Company prepared the tabulation below at December 31, 2020.Net Income ............................................................................................................ $500,000Adjustments to reconcile net income to net cash provided by operating activities:Depreciation expense, $63,000 ..................................................................... ______Decrease in accounts receivable, $50,000 .................................................... ______Increase in inventory, $23,000 ....................................................................... ______Increase in accounts payable, $15,300 ......................................................... ______Increase in interest receivable, $7,000 .......................................................... ______Increase in supplies, $6,000 .......................................................................... ______Decrease in income taxes payable, $7,500…
- .......................................................................................... The length of the maximum payback period depends on: Select one: a. profits from projects only b. The type of project and the financial situation of the company c. size of projects and companies d. complexity of projectsQuestion 9. Repaid a 6-month note (face value, $50,000) and interest on the note ($2,500). Note Payable....................................................................................... Enter amount Expenditures—Debt Service—Interest....................................... Enter amount Cash................................................................................ Enter amount To record retirement of note plus interest.Calculation of interest over 360 days is called …………. Fill in the blank provided.A) Actual interestB) DiscountC) Commercial interestD) Interest for the periodE) Professional interest
- Compound interest is interest on any past unpaid interest accrued to date. calculated by multiplying the principal times the rate times the period of time. interest on the original principal paid or received. interest on the original principal plus any past unpaid accrued interest to date.Information taken from Tuscarora Paper Company’s records for the most recent year is as follows: Direct material used ............................................................................... $290,000Direct labor ............................................................................................. 100,000Variable manufacturing overhead .......................................................... 50,000Fixed manufacturing overhead .............................................................. 80,000Variable selling and administrative costs .............................................. 40,000Fixed selling and administrative costs ................................................... 20,000 Required:1. Assuming Tuscarora Paper Company uses variable costing, compute the inventoriable costs for the year.2. Compute the year’s inventoriable costs using absorption costing.Find the following: a. total number of conversion period b. conversion period per year c. interest rate per conversion period d. principal e. compound interest
- Record each of these transactions 1 Cash………………………………………. 300,000 Capital Stock…………………………………………… 300,000 Issued capital stock at $60 per share 4 Diagnostic Equipment……………………250,000 Cash………………………………………………… 100,000 Notes Payable……………………………………… 150,000 Purchased equipment, paying part in cash and signing a note payable for the balance 12 Account Payable…………….......6,000 Cash…………………………………. $6,000 Paid account payable to Zeller Laboratories 19 surgical supplies……………………4,000 Accounts Payable……………………… $ 4,000 25 Cash…………………..80,000 Accounts Retrievable…………………….. 80,000 30 Dividends……………$50,000 Cash…………….. 500,000 ADDITIONAL REQUIREMENT FOR 3.2 Posting of transaction from General Journal to T-Accounts Prepare trial…*see attached What is the interest income for the current year? a. 1,297,905b. 1,357,905c. 900,000d. 870,168To have a times interest earned of 8. Determine whether A. FinancialB. Nonfinancial
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