QUESTION 50Aston Tate Company collected $88,000 in May of 2020 for 3 months of service which would take place beginning October2020.Calculate the monthly revenue that is to be earned each month. (Please note that answers should be rounded to thenearest dollar amount, l.e. $1,666.67 should be entered as 1,667)

It is a case of calculating monthly revenue where the firm is receiving revenue for the 3 months of…

Answered: QUESTION 50 Aston Tate Company…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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View Policies Current Attempt in Progress On June 30, 2020, Kovacs Company borrowed $410,000 at a bank by signing a five-year, 10% loan. The terms of the loan require equal semi-annual principal payments plus interest beginning December 31, 2020. The loan agreement requires the company to maintain a current ratio of 2.5. The December 31, 2020, year-end statement of financial position, immediately prior to the bank loan repayment and the reclassification of long-term debt, follows: Current assets Non-current assets Total assets $205,200 511,800 $717.000 Current liabilities Loan payable Common shares Retained earnings $54,000 410,000 157,000 96,000 Total liabilities and shareholders' equity $717,000 Does Kovacs Company comply with the current ratio requirement prior to recording the December 31 loan payment? (Round answer to 1 decimal place, e.g. 1.2.)
quest 1 Benson Limited is constructing a Power Plant which was completed on 31st December 2019. The company obtained a bank loan of R1,000,000 at a rate of 15% per annum to construct the Power Plant on 1st January 2019. As of 31st December 2019, Benson Limited also had the following loans outstanding: I. 18% 5-year loan Note of R1,500,000 II. 14% Debentures of R1,000,000 Expenditures on the project were made as follows: I. On the 31st March 2019, R600,000 was incurred; II. R800,000 was incurred on 30th June 2019; III. The final expenditure incurred was R300,000 on 31st December 2019. During the year Benson Limited invested R400,000 of the bank loan for 2 months at an interest of 9% per annum. Required: Determine the amount of borrowing costs to be capitalized and expensed.
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Q15 Under Present value future earnings model, how to compute the value of human resource if Mr. Ansari is appointed at the age of 30 in the organization and his service period expires in 30 years, once he attains the age of 60. The p.v. factor is assumed at 10%. Incase if Mr. Ansari draws a salary of OMR 600 per month then how is salary computed according to this method? a. All options are correct b. His each year’s salary of OMR 7,200 is multiplied with p.v. factor at the rate of 10% c. His salary is OMR 7,200 every year up to 30 years of his service. d. Finally net present value is found and added to get the p.v. of future earnings
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Determine the exact simple interest on P 5,000.00 for the period from June 10 2015 to November 21, 2020 if the rate of interest is 21% O P5,730.41 P5,722.01 P5,733.61 O P5,727.79 A contractor can buy trucks for P950,000 each or rent them for P1,500 per
Question 50 Choose the correct answer from the choices.
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Question 12 On August 1, 2020, Alba Trading sold a machine for $13,000 cash with a two-year parts warranty. On March 1, 2021, the machine requires on-site repairs which cost $200 of the repair parts inventory. Alba estimates warranty costs to be 4% of dollar sales. In 2020, Alba reports warranty expense of: O A. $ 720. O B. $ 320. O C. $ 520. O D. $ 200.
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View Policies Current Attempt in Progress Windsor Industries borrows $18800 at 8% annual interest for six months on October 1, 2022. Which is the appropriate entry to accrue interest if Windsor employs a December 31, 2022, fıscal year? O Dr Interest Expense $1504 Cr Interest Payable $1504 O Dr Interest Expense $376 Cr Interest Payable $376 O Dr Interest Expense $376 Cr Notes Payable $376 O Dr Notes Payable $1504 Cr Interest Payable $1504 Save for Later Attempts: 0 of 1 used Submit Answer
Question Content Area On June 8, Williams Company issued an $72,668, 11%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? When required, round your answer to the nearest dollar. a. $7,993 b. $80,661 c. $72,668 d. $75,332

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