Period Regular Payment Interest Repayment of the Loan Outstanding Balance 0 100000 1 6000 3000 3000 97000 2 6000 2910 3090 93910 3 6000 2817.3 3182.7 90727.3 6000 2721.819 3278.181 87449.119 6000 2623.474 34 LO 5 (A) P80,594.77 (B) P87,072.59 P3,376.53 P3 582 16

Q: 1. translation of account balances using the current rate method     could you please explain…

A: There were some issues to the companies that has operations across the globe. The…

Q: If the traffic speed of the requirements of Iason SA is 5 what is the average collection time of…

A: Answer : Option b -73

Q: What are two ways to calculate returns for a holding period?

A: It is also called as HPR, which states to the total returns during a period for which a investment…

Q: Define each of the following terms:j. Account receivable; days sales outstanding; aging schedule

A: Accounts receivable: Payment due to a company from its sales on credit is called accounts…

Q: When are credits increases? When are credits decreases?

A:

Q: (d) Based on (c), what will be the ending balance in AFDA? What is net realizable value of A/R?

A: Accounts Receivables - Accounts Receivables are the amount unpaid by the customer for the service…

Q: Which term relates to the beginning of a transaction in time value of money problems? Maturity date…

A: Time value of money states that the money which is worth today will not be same as in the future.

Q: how do you do the math the get the percentage/decimal numbers

A: Income statement is the statement in which figures relating to entity performance is incorporated…

Q: What would the credit terms of “2/10, n/EOM” mean?

A:

Q: sum of the years digit method

A:

Q: Wite short notes on the following terms.. iii. Adjustment Letter

A: In a business operation, goods and services are sold to the customers who in return make the payment…

Q: What do you mean by Days Payable Outstanding (DPO)?

A: Definition:   Accounts payable: This is the amount owed for the suppliers, or expenses incurred.…

Q: Amounts of interest depend on lengths of time.Explain how?

A: Interest is also dependent on the base of the length of time A loan taken for a long period of time…

Q: DO DEBITS AND CREDITS HAVE TO EQUAL ON A TRIAL BALANCE??

A: Trial balance: Trial balance is a summary of all the asset, liability, and equity accounts and their…

Q: What are the main sections on a balance sheet?

A: The objective of this question is to identify and explain the main sections of a balance sheet. A…

Q: 25. The amount commissions earned will appear in the balance sheet. O True O False

A: Commissions - It refers to the compensation which is paid to an employee after completion of a…

Q: 10. The following are supporting schedules, except: * A. Summary of adjusting entries B. Cash count…

A: Supporting schedules are the schedules or working that is being attached to the balance sheet and…

Q: What is maturity date?

A: Maturity dates are generally used in order to classify the securities as short term, medium term or…

Q: Do the terms 'debit' and 'credit' signify increase or decrease or can they signify either? Explain.

A: Debit and credit are fundamental accounting terms used to record financial transactions in…

Q: Do time lines deal only with years, or can other time periods be used?

A: The term time line refers to list of events which take place in chronological order. Timelines are…

Q: Is there an answer for questions 4,5,6, and 7 of the problem above?  Total Assets? Total…

A: As you've asked 4 questions, According to Bartleby policy only first 3 can be answered : 4.) Total…

Q: Chapter 10, Question 16: What are contingent liabilities? List three examples of contingent…

A: Contingent liabilities are the liabilities which will arise on the happening or not unhappening of…

Q: What makes the balance sheet balance?

A: The Balance Sheet comprises Assets, liabilities, and equity. Assets represent the resources owned by…

Q: How is Days to Collect A/R calculated?

A: Days to collect accounts receivable known as days sales in outstanding is calculated to know the…

Q: 17. Where is Accumulated Other Comprehensive Loss reported on the balance sheet?

A: A financial statement that lists a company's assets, liabilities, and shareholder equity at a…

Q: find the average daily balance

A: The method which takes daily balances into consideration rather than weekly or monthly balances is…

Q: What does the word balance on the balance sheet mean? Why are the two halves balanced?

A: In the above questions we have asked the meaning of balance in the word balance sheet .

Q: When are debits increases? When are debits decreases?

A: Debits Increases and Decreases: This forms a fundamental part of understanding of the flow of…

Q: For questions 4-7, refer to Daphne's check register shown below. Check Withdrawal Deposit Balance…

A: Daphne's Balance on 6/17 = Balance on 6/1 + Deposits till 6/17 - Withdrawal till 6/17

Q: For 2a, what is the final answer for amounts

A: COGS stands for Cost of goods sold which refers to the carrying value of the goods that are sold…

Q: An aging analysis of accounts receivable is a study of the maturity of accounts receivable, such…

A: Accounts receivables arise when the business provides goods/services on credit to their clients.…

Q: LC2Q7. If the discount period is missed, payment is due by the end of .

A: Invoice means  the bill against which the payment is to be received or paid. 4/15 net 30 means 4%…

Q: a basis per

A: A basis period will be the time period for that a sole trader and the partnership pays the tax for…

Q: What was the 10/31 balance in Accounts Receivable?

A: Calculation of Total Sales for the Oct. Month(Amount in $) Total units to be sold in Oct(a) = 3000…

Q: 11. What is a post-closing trial balance? What purpose does it serve?

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: For VAT and Percentage transactions, state when will be the deadline for the remittances

A: VAT is value added tax and it is indirect tax which means tax is paid by consumer of goods or…

Q: What is meant by maturity date?

A: Bonds are simply corporate debt units that are issued by firms and securitized as tradeable assets.…

Q: are classified on the balance sheet as current or Select one: a. long-term. b. accrued. C. unearned.…

A: The balance shows the assets and liabilities of the business.

Q: Is the following statement true or false? The deposits or payments are made at the end of the period…

A: Annuity is the fixed amount of investment, payment or deposit which is made at regular intervals.…