porrowed P400,000 from Mr. hat money is worth 5% comp n June 1, 2012 and P140,00C
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- A sum of money was invested on December 12, 2021 at 3.7% simple interest p.a. When the money was withdrawn on July 8, 2022, it had matured to $6879.61. How much money was originally invested? d Moving to another question will save this response. Question 4 of 15On Jan 1, 20X1, ABC Corp received a P450,000 3-year note from a customer. The principal and interest of the note is collectible in 3 equal payments starting on Jan 1, 20X2. Effective interest rate is 10% . How much is unearned interest income at Jan 1, 20X1? PV of P1 at 10% for 3n = .75131 PV of ordinary annuity of P1 at 10% for 3n = 2.48685 338,090 373,028 111,910 76,972974,297.37 Aldrine borrowed P175,000.00 from Alliance Financing Company at 8 4 % 1p simple interest For how long will he pay a final amount of P200,500.00? Express your answer in terms of years, months and days. O 1 year, 3 months and 7 days O 2 years, 11 months and 3 days 0 1 year, 9 months and 6 days 2 years, 3 months and 2 days At what point on the x-axis will the inequality 5y-3s2y-4 pass through?
- Described below are certain transactions of Jeno Corporation during 2022. 1. On April 1, the corporation bought a truck for P6,000,000 from Haechan Corporation, payingP1,000,000 in cash and signing a one year, 12% note for the balance of the purchase price. 2. On May 1, the corporation received proceeds of P18,760,000 from Jisung Bank by signing a 10% note payable in equal annual installments of P2,000,000. The payment is to apply first to interest and then to principal. The first installment is due or April 30, 2023.3. On August 1, the Board of Directors declared a P300,000 cash dividend that was payable on September 10, to shareholders of record on August 31.4. On December 15, the corporation purchased goods from Chenle Company for P1,500,000 subjectto cash discount terms 2/10, n/30. Purchases and accounts payable are recorded by the corporation at net amounts after cash discounts. The invoice was paid on January 14, 2023.5. Sales during the month of December amounted to P6,832,000,…K A property was purchased for $9964.00 down and payments of $1586.00 at the end of every year for 3 years Interest is 5% per annum compounded sems-annualy What was the purchase price of the properts How much is the cost of financing? The purchase price of the property was (Round the final answer to the nearest cent as needed. Round all intermediate values to sax decimal places as needed) The cost of financing S (Round the final answer to the nearest cent as needed Round at intermediate values to six decimal places as needed)For the same property with net operating cash flows of $15,000, $16,000, $20,000, $22,000, and $17,000 as well as a sale price of $200,000 at the end of the fifth year, what is the IRR if the investor pays $170,000? Answer as a percentage out to 2 decimal places.
- On April 1, 2022 Blo Inc. receives a 6-year $60,000 note in exchange for a parcel of land. The cost of the land was $35,000. Neither the market rate nor the fair value of the land can be determined. Notes of similar risk carry a 12% imputed rate of interest. The financial year ends December 31. a. The present value of the note is $Answer b. There was a (gain or loss) Answer on the sale of the land of $AnswerOn January 2, 2026, a tract of land that originally cost P800,000 was sold by SIMBAJON CORPORATION. The company received a P1,200,000 note as payment. It bears interest rate of 4% and is payable in 3 annual installments of P400,000 plus interest on the outstanding balance. The prevailing rate of interest for a note of this type is 10%. The present value table shows the following present value factors of 1 at 10%: Present value factor of 1 for 3 periods 0.75132 Present value factor of 1 for 2 periods 0.82645 Present value factor of 1 for 1 period 0.90909 Present value of an ordinary annuity of 1 for 3 periods 2.48685 20. The gain on sale of land on January 2, 2026 is: 21. The interest income on the note receivable for the year ended December 31, 2026 using effective interest method is: 22. How much cash will SIMAJON CORPORATION received from notes receivable?using a capitalization of 10% a commercial property is valued at 420000. the expenses are 30% of the gross income. what is the monthly gross incom
- Practice Q3 Kevin came into an inheritance of $36000, to be paid in equal monthly instalment for the next 5 yea starting 1 month from now. The money earns 7.5%/a compounded monthly. Determine the monthly instalment. N = 1%= PV = PMT = FV P/Y = C/Y =15. On January 1, 20x1, ABC sold a used vehicle with a historical cost of P2,000,0000 and accumulated depreciation of P700,000 in exchange for cash of P100,000 and a noninterest bearing note receivable of P1,000,000 due in 4 equal annual installments starting on December 31, 20x1 and every December 31, thereafter. The prevailing rate of interest for this type of note is 12%. On December 31, 20x3, the current portion of the note receivable is approximately (use 6-decimal present value factor) The correct answer is: 223,214On January 1, 20x9, Fairness Company sold a tract of land that was acquired years ago for P 3,000,000. Fairness received a three year non-interest bearing note for P 6,000,000 in exchange for the land, but the current market rate of interest for comparable notes is 10%. The note is payable in equal annual instalments of P 2,000,000 every December 31 starting December 31, 20x9. a. Compute for the carrying value of the note on January 1, 20x9b. Compute for the gain or loss on salec. Compute for the interest income recognized in 20x11.d. Compute for the carrying value of the note in December 31, 20x10e. Prepare all entries.
