Problem 25-3 (IAA) Innuendo Company had the following loans outstanding for the entire year 2021. Specific construction loan General loan 2,000,000 10,000,000 10% 12% The entity began the self-construction of a building on January 1, 2021 and the building was completed on December 31, 2021. The following expenditures were made during the current year: January 1 July November 1 1,000,000 4,000,000 3,000,000 Total 8,000,000 Required: Compute the cost of the new building.

Problem 25-3 (IAA) Innuendo Company had the following loans outstanding for the entire year 2021. Specific construction loan General loan 2,000,000 10,000,000 10% 12% The entity began the self-construction of a building on January 1, 2021 and the building was completed on December 31, 2021. The following expenditures were made during the current year: January 1 July November 1 1,000,000 4,000,000 3,000,000 Total 8,000,000 Required: Compute the cost of the new building.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Hi There! I solved the problem, but can you correct my written formula to get a total of $90,691.36 please, the answer I got is italicized and underlined below. Please also answer the questions, and put everything on an excel spreadsheet and show the formulas please for all of the questions below. Thank You! You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $5,000 each beginning in 26 years. If you desire an annual interest rate of 12% compounded monthly, answer the following two questions: How much would you be willing to invest today? How much would the money (that you will be willing to invest today) be worth at the end of your last payment (i.e., in year 35)? Amount that you would be willing to invest today = PV = $5,000/(1.01)26*12 + $5,000/(1.101)27*12 + $5,000/(1.01)28*12 + $5,000/(1.01)29*12 + $5,000/(1.01)30*12 + $5,000/(1.01)31*12 + $5,000/(1.01)32*12 + $5,000/(1.01)33*12 + $5,000/(1.01)34*12 +…
4
Your Question: QUESTION: 1. Work Related Car Expenes (3800 Km + 500 Km) * $0.72 per Km? May know which method are you choose cents per km method or logbook method? which method better? 2. why no medical levy ? 3. Work-related mobile phone expense? How to calculate? 4.Work-related car expense?How to calculate?
Subject -account Please help me. Thankyou.
ndex.html?deploymentid=60338517901669990751687760&eISBN=9780357517642&nbld=3626933&snap... ☆ MINDTAP ework Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living 25 years after you retire and would like to have $80,000 annually on which to live. Your first withdrawal will be made one year after you retire and you anticipate that your retirement account will earn 10% annually. $ a. What amount do you need in your retirement account the day you retire? Do not round intermediate calculations. Round your answer to the nearest cent. Hide Feedback b. Assume that your first withdrawal will be made the day you retire. Under this assumption, what amount do you now need in your retirement account the day you retire? Do not round intermediate calculations. Round your answer to the nearest cent. $ Incorrect f6 Check My Work Feedback Review the PVAN definition and its equation. 6 Understand the difference between an ordinary annuity and an annuity due. Be…
Solve #4 and #5
a and b please
[College: Project Cost-Benefit Analysis Course, Economic Questions] - Can someone please explain the steps on how to complete these problems? Thank you in advance! Find the equivalent cash cost today for a car purchased for $1000 down and $500 a month for 36 months, if money is worth 12% per year compounded monthly. A person deposits $1100 at the end of the year for 20 years, and then withdraws an amount at the end of each year for the next 5 years. If money is worth 6% per year, and the same amount is withdrawn each year, what is the amount of each withdrawal? A person invests $1000 per year in a fund, for 10 years, and then stops making payments. If money is worth 8% per year, what is the value in the fund at the end of 20 years?
What is the internal rate of return for this rental condominium investment?
Question Completion Status: O $255,243,325.72 QUESTION 2 Ann found an apartment that costs $800,000 to buy. She will make a $100,000 down payment and get a mortgage for $700,000. The mortgage will be a fully amortizing 30-year fixed rate mortgage at 4.25% with monthly payments and monthly compounding. The following 6 questions will use this information above (round all answers 2 decimal places. do not inclue commas or dollar signs in responses. enter percentages as whole numbers i.e. 4.952% should be entered as 4.95) a) What is Ann's Loan to Value when she gets the Loan? 87.5 b) What will Ann's monthly mortgage payment be? c) What will be the balance on Ann's mortgage after the 7th monthly payment d) How many dollars is Ann paying in interest in her 8th monthly mortgage payment? e) How many dollars of Ann's 8th monthly mortgage payment will be principal? f) What is the total sum of all cash flows that Ann will pay the bank over the entire life of the loan, assuming she keeps the loan…
Question 4: Jerry's Concrete allows his customers to create six-month promissory notes on any stamped concrete driveway project with interest at 8.9%. Three months after completing a $17,300 job on February 2, 2022, Jerry had some liquidity problems and sold the promissory note to a financial institution at a simple interest rate of 10.35%. Calculate Jerry's proceeds on the sale
Please do not give solution in image format ? And Fast Answering Please And Explain Proper Step by Step.