Pineapple Enterprises has an outstanding liability that will require them to payApple Co. $50,000 in 5 years. How much cash would Pineapple need to deposittoday into an account, earning 8% interest, compounded quarterly, in order tohave the amount needed in 5 years?Select one:O a. $12,532O b. $33,650O C. $34,030d. $45,285e. None of the above

Determine the present value of 1.

Answered: Pineapple Enterprises has an…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Pronghorn Company acquires a delivery truck at a cost of $57,000. The truck is expected to have a salvage value of $6,000 at the end of its 10-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method. 2. On January 1, 2020, Whispering Winds Country Club purchased a new riding mower for $24,000. The mower is expected to have an 8-year life with a $8,000 salvage value. What journal entry would Whispering Winds make at December 31, 2020, if it uses straight-line depreciation?
Please help!!!! I'm not sure how to do these This is question 2:
Give typing answer with explanation and conclusion YG Corporation recently issued 270-day commercial paper with a face value of $2,000,000 and a simple interest rate of 11 percent. The company paid a transaction fee equal to 0.4 percent of the issue, which was taken out of the issue amount before the company received any funds. Assuming there are 360 days in a year, what is the commercial paper's effective annual rate (rEAR)? a. 17.51% b. 11.99% c. 12.56% d. 12.63% e. 12.82%
11. BONUS: A business wants to borrow $300,000 from a bank for a future investment. The bank offers a 5 year loan, compounded quarterly, at 5% interest. The company, however, choses to put the loan (plus interest) in a SINKING FUND to help discharge the bank loan. The sinking fund offers an interest of 4%, compounded quarterly. Using the future lump sum debt as the lump sum that the business must pay to the bank in 5 years, FIND the quarterly deposits (R) that the business must pay into the sinking fund to pay off its bank debt in One Lump Sum after 5 years. Hint: This is a Problem directly from the Chapter 6 Worksheet
43. The Bluebird Company has a $10,000 liability it must pay three years from today. The company is opening a savings account so that the entire amount will be available when this debt needs to be paid. The plan is to make an initial deposit today and then deposit an additional $2,500 a year for the next three years, starting one year from today. The account pays a 3% rate of return. How much does the Bluebird Company need to deposit today? A. $1,867.74 B. $2,079.89 C. $3,108.09 D. $4,276.34 E. $4,642.28
New Tab O e) None of the above 9. Suppose you need $1,000 ten years from now to settle your university education fees. If the interest rate is 5.5%, how much should you deposit today in the bank? * a) $585.43 O b) $614.7O c) $645.44 d) $677.71 e) None of the above 10. Royal Corp's sales last year were $560,000, and its net income was 5 poin $46.000, What was its profit marain? * Classwork for BFI. a NO Aessm PChapter S Time.
Dpn't provide handwritten solution ... The Taylors have purchased a $300,000 house. They made an initial down payment of $10,000 and secured a mortgage with interest charged at the rate of 7%/year on the unpaid balance. Interest computations are made at the end of each month. If the loan is to be amortized over 30 years, what monthly payment will the Taylors be required to make? What is their equity (disregarding appreciation) after 5 years? After 10 years? After 20 years?
A company plans to take $1000000 bank credit for 11 years while i=40%. After some negotiations, manager of the company convince the bank for i=38%. The decrease in interest rate result in a decrease in total debt. What is the approximate percantage of debt decrease? a. 10% O b. 20% O c. 15% O d. 8%
Red Lions Corporation takes out a $8.6 million short-term amortizing loan for nine months at 11.4% per annum. It makes monthly payments to pay off the loan. However, after completing 5 months of repayments, it decides to payoff early the remaining part of the loan amount. Q1. How much are the monthly repayment (in millions of dollars)? millions. (Give answer to 4 decimal places) $ Q2. How much does it repay to payoff the remaining part of the loan (in millions of dollars)? $ millions. (Give answer to 4 decimal places)
A 153. Subject:- finance

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