Answer:
$ 238.47
Explanation:
To do the calculation first you have to identify that they are asking for the monthly payment so all the calculation will be done by month.
First you calculate the monthly rate, you change the TEA 7% to TEM which is 0.57% (use the formula (1+TEA)^(1/12))-1.
The loan period is 4 years but you have to convert it to months so will be 48 months.
With all this information you can calculate the payment by month, you can use excel with the excel formula <u>PMT(rate;period;loan amount)</u>.
Answer:
The gain of $18000 would be reported in income statement
Explanation:
At each reporting date, the investment needs to be recorded at fair value to reflect current market prices and realities.
As a result,the fair value increase in investment of $18000 (fair value less costs) would be shown in income statement as unrealized gain on investment since the investment has not been disposed of.
Under IFRS for instance the gain would be shown under other comprehensive in order to emphasis its unrealized nature.
In accounting, the controlling account is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
Answer:
$85 per share and $35 per share
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the par of shares by using following formula:-
Corporation’s Preferred Stock‘s Par Value is
= Preferred Equity ÷ No. of Preferred Outstanding Shares
= $85,000 ÷ 1,000
= $85 per share
Corporation’s Common Stock‘s Par Value is
= Common Equity ÷ No. of Common Outstanding Shares
= $140,000 ÷ 4,000
= $35 per share
Answer:
Break-even points = 265.38
Explanation:
Given:
Fixed cost = $3,450
Variable costs = $12
Selling price = $25
Number of balls sold = 300
Find:
Break even costs
Computation:
Contribution per unit = Sales - Variable costs
Contribution per unit = $25- $12
Contribution per unit = $13
Break-even points = Fixed cost / Contribution per unit
Break-even points = $3,450 /$13
Break-even points = 265.38
