Pharoah Company issued $1,100,000, 12-year bonds and agreed to make annual sinking fund deposits of $79,600. The deposits are made at the end of each year into an account paying 4% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 12 years? (Round answer to 2 decimal places, e.g. 25.75.)

Q: 4-How are the funds used which are provided by FUTA and SUTA?

A: Federal Unemployment Tax Act (FUTA) is the tax on payroll which will be paid by the employers on the…

Q: Differentiate between Reserve capital and Capital Reserve on the basis of time when it can be used.

A: Capital:   It refers to the funds raised to support the business. It is the difference between the…

Q: Explain what is meant by future deductible amounts. Why is it important to understand this concept?

A: Future deductible amounts refer to the expenses that a business incurs in the current period but…

Q: When do the funds earn interest at the MARR?

A: The MARR (Minimum Acceptable Rate of Return), generally referred to as hurdle rate is the lowest or…

Q: What is the purpose of using the retained funds?

A: After paying the dividends, the company retains the remaining net income which is called addition to…

Q: Executory costs include Select one: a. insurance. b. property taxes. c. maintenance. d. all…

A: In case of leased assets there are certain expenses incurred Upto the economic life of the asset,…

Q: How is the present value of a lump sum determined?

A: Definition:   Present value: It refers to the current value of the whole amount that will be…

Q: What is the Depreciation Allowance under Inflation?

A: Inside these laws of unique cost depreciation, the absolute estimation of the duty exclusions in…

Q: Explain the difference between asset allocation funds and lifecycle funds

A: Asset allocation Funds make investments in different asset classes based on the efficient frontier…

Q: Write the summary of sources and uses of funds according to changes in the account?

A:

Q: Define sinking fund

A: Fund: A fund is a pool of money save for a particular purpose. Those pools can be frequently…

Q: 3 what is the difference between a sinking fund and a call feature ?

A: Bonds are debt instruments. These are issued by the borrowing organizations to raise debt. Bonds…

Q: e following statements about annuities are true? Ch hnuity due earns more interest than an ordinary…

A: Annuities are instruments that involve fixed payments. There are mainly two types of annuities i.e.…

Q: Explain the term refundable deposits.

A:

Q: What is a mathematical term that is on display when using the fractional reserve?

A: Fractional reserve banking is defined as the system, where the fraction of the bank deposits that…

Q: The amount to be capitalized should be:

A: Answer:   Option a.

Q: What are the various types of long term assets? Name them.

A: Definition: Long-term assets are the assets which are intended to be held for a longer period of…

Q: Does the recognition of depreciation in the accounts provide a special cash fund for the replacement…

A: Depreciation is a non-cash outlay that the company has to report in the books for the purpose of…

Q: Net Income is a ( SOURCE / USE) of funds.

A: Net income is the amount of profit that is arrived by paying all expences from sales or revenue. In…

Q: What is the amount of the plan assets available to pay benefits? What are the factors that can cause…

A:

Characteristics of Bonds