What is the amount of each monthly payment? tables provided

Q: What is the formula for calculating interest on a note receivable?

A: Introduction:- A note receivable is a written promissory note to receive a specified amount of cash…

Q: What is the due date of a 220 day loan made on February 12?

A: Due Date: It represents the day when the accruals on the loan fall due. Another name for the due…

Q: Beginning balance + interest charged+purchases- minimum payment Ending balance The ending balance…

A: Beginning balance = 656 Yearly interest = 24 % Monthly interest = 2 % i.e, ( 656 x 2 % = 13.12 )…

Q: how did you get the numbers for installment sales?

A: Instalment Method: The installment method is typically employed when a customer is permitted to…

Q: Define each of the following terms:j. Account receivable; days sales outstanding; aging schedule

A: Accounts receivable: Payment due to a company from its sales on credit is called accounts…

Q: How to calculate salaries payable

A: Salaries payable can be defined as the liability account containing the amount of salaries, if any,…

Q: In the payment term 5/10, n/30, the number '10’ represents _________________.

A: The credit term 5/10, n30 means if the debtor has paid the amount within 10 days, then he could…

Q: preparing a balance sheet, interest receivable goes under what heading?

A: Balance sheet:It is one of financial statement which shows the assets, liabilities and shareholders’…

Q: Define Prepaid rent.

A: Prepaid Expense:   It refers to the expenditure incurred by company that is paid in one accounting…

Q: Time lines can be constructed for annuities where the payments occur at either the beginning or the…

A: Time lines can be constructed for annuities where the payments occur at either the beginning or the…

Q: This is the payment method used for setting up automatic monthly payments such as utility bills and…

A: A monthly payment refers to a regular, fixed amount of money that is paid on a monthly basis.

Q: What do you mean by Days Payable Outstanding (DPO)?

A: Definition:   Accounts payable: This is the amount owed for the suppliers, or expenses incurred.…

Q: Explain how to calculate time interest earned.

A:

Q: How to calculate Rent income from income statement

A: Income Statement- It is a report that shows an organization's revenues, expenses, and net profit and…

Q: How long-term deposit accounts benefit borrowers

A: A deposit account is an account that is held by the customers of a bank and financial institutions…

Q: How did you calculate the note payable long term for xi

A: Notes Payable are defined as the long-term liabilities that represent the amount to be paid by the…

Q: What’s the difference between accounts payable and receivable

A: You will have to deal with accounts payable and receivable if you utilise the accrual accounting…

Q: professionals review the existing accounts at least once a

A: Step 1 A debt analyst examines and evaluates a person's financial or corporate financial history to…

Q: Annuity and annuity due vary in that one is paid in advance.

A: This quotation explains abut  Annuity and annuity due vary in that one is paid in advance.

Q: Question  The average collection period is the average amount of time that elapses from a credit…

A: Average Collection Period Average collection period is time allowed by the company to its debtors…

Q: How to calculate the notes payable

A: Notes payable are long-term liabilities that indicate the money a company owes its financiers—banks…

Q: How to calculate monthly interest and apr

A: Wall unit cost = $2200 Down payment = $800 Monthly payment = $43.50 Period of loan = 48 months

Q: Write and submit the Proof of Ordinary Annuity

A: Ordinary Annuity: The sum of ordinary annuity is:F=A[(1+i)n−1]iF= Sum…

Q: find the average daily balance

A: The method which takes daily balances into consideration rather than weekly or monthly balances is…

Q: How can we determine the amount of a periodic payment?

A: The amount of periodic payment is determined using the following formula:

Q: What is the formula to compute interest on a note receivable?

A: Note receivable: Note receivable refers to a written promise for the amounts to be received within a…

Q: Define installment Notes.

A: Installment note: Installment note is an obligation in which the defaulter needs to repay the…

Q: Differentiate annuity dues and deferred annuities.

A: An annuity can be divided into two types: Annuity due: Unlike a regular annuity, annuity due…

Q: What is the formula for the percentages under expenses?

A: The percentage of sales is calculated by dividing the concern value by the sales and multiplying it…

Q: What are accounts for notes payable and interest expense.

A: Payables indicate the amount owed by the organization from outsiders which requires to be paid…

Q: total deductions on payroll register

A: Deductions are subtracted from total earned pay.

Q: definition and the use/s of SWOT Analysis

A: Since you have posted multiple sub-part questions, we will solve the first question for you. To get…

Q: What do short-term notes payable represent?

A: Short-term notes payable: short-term notes payable is a written promise made by the business to pay…

Q: A. Amount of interest charge for each note B. Amount boweower would receive C. Amount payer would…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: What are the Classifications of Annuity.

A: An Annuity is a periodic payment which are made from time to time from a lump sum corpus.

Q: An invoice dated January 25 with terms 2/10 -20 X. Find the final discount rate and the next payment…

A: The invoice is dated 25th January. The payment terms are 2/10 -20 X. Which are to be read as 2%…

Q: Explain how to calculate day’s sales in receivable.

A: Average collection period: Average collection period indicates the number of days taken by a…