Construction Accounting And Financial Management (4th Edition)
4th Edition
ISBN: 9780135232873
Author: Steven J. Peterson MBA PE
Publisher: PEARSON
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Textbook Question
Chapter 15, Problem 30P
At what periodic interest rate is a $4,000 cash receipt occurring at the beginning of year 1 equivalent to ten annual $750 cash disbursements? The first cash disbursement occurs at the end of year 1, the second occurs at the end of year 2,…, and the tenth occurs at the end of year 10.
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The following is a December 31, 2021, post-closing trial balance for Almway Corporation.
Account Title
Debits
Credits
$
67,000
132,000
71,000
211,000
Cash
Investment in equity securities
Accounts receivable
Inventory
Prepaid insurance (for the next 9 months)
9,000
Land
112,000
Buildings
Accumulated depreciation-buildings
Equipment
Accumulated depreciation-equipment
Patent (net)
Accounts payable
Notes payable
Interest payable
Bonds Payable
431,000
$ 111,000
121,000
71,000
21,000
97,000
163,000
31,000
251,000
333,000
118,000
$1,175,000 $1,175,000
Common stock
Retained earnings
Totals
Additional information:
1. The investment in equity securities account includes an investment in common stock of another corporation of $41,000 which
management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.
2. The land account includes land which cost $36,000 that the company has not used and is currently listed for sale.
3. The cash…
Hook Inc. accepts on April 1, 2022 a 120-day 12% note for $8,000 worth of accounts receivable past due. Calculate the amount of cash Hook should collect on the note at maturity.
The company issued a note receivable on September 30th, 2020 for OMR 10,000 with an interest rate of 5%. The maturity date of
the note is 11th December, 2020. The note was honored on the maturity date. Calculate the interest amount received by the
company on the maturity date assuming 360 days in a year.
OMR 101.388
OMR 97.22
OMR 98.61
OMR 100
Calculate the amount of cash and cash equivalents if bank balance is OMR 50, Post-dated cheques are OMR 35, Cash in hand is
OMR 75, Advance granted to employees is OMR 85, stationery on hand is OMR 36:
ull lis is!
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Chapter 15 Solutions
Construction Accounting And Financial Management (4th Edition)
Ch. 15 - On what three things is equivalence based?Ch. 15 - Prob. 2DQCh. 15 - How do you find the interest rate at which two or...Ch. 15 - Prob. 4DQCh. 15 - How does inflation affect interest rates?Ch. 15 - Prob. 6DQCh. 15 - What is the future value, ten years from now, of...Ch. 15 - What is the future value, ten years from now, of...Ch. 15 - Prob. 9PCh. 15 - Prob. 10P
Ch. 15 - Prob. 11PCh. 15 - What is the future value, five years from now, of...Ch. 15 - Prob. 13PCh. 15 - Prob. 14PCh. 15 - Prob. 15PCh. 15 - Prob. 16PCh. 15 - Prob. 17PCh. 15 - Prob. 18PCh. 15 - Prob. 19PCh. 15 - Prob. 20PCh. 15 - Prob. 21PCh. 15 - Determine the future value at the end of June for...Ch. 15 - Prob. 23PCh. 15 - Prob. 24PCh. 15 - Prob. 25PCh. 15 - Prob. 26PCh. 15 - Prob. 27PCh. 15 - Prob. 28PCh. 15 - Prob. 29PCh. 15 - At what periodic interest rate is a 4,000 cash...Ch. 15 - Prob. 31PCh. 15 - Prob. 32PCh. 15 - Prob. 33PCh. 15 - Prob. 34PCh. 15 - How much money needs to be set aside today to...Ch. 15 - How much money needs to be set aside today to...
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