Answer:
Explanation:
We solve by first, getting the quota Horatio pays on his loan:
PV 12,450
time: 10 yearss x 12 months per year = 120
monthly rate: 7.3% / 12 = 0.006083333
C $ 146.487
Now, we miltiply the quota by the quantity of payment ans subtract the principal to get the amount of interest paid:
quota times quantity of monthly payment: total amount paid
less principal: interest paid.
146.49 x 120 - 12,450 = 5,128,80
Answer:
= $80,273
Explanation:
Value of the right of use asset = Value of lease liability - cash incentive received + costs incurred for lease
= $82,773 -$ 6,000 + $3,000 + $500
=$80,273
Answer:
$166,000
Explanation:
The net cash flow from operating activities using the indirect method is computed below:
Cash flow from Operating activities - Indirect method
Net income $175,000
Adjustment made:
Add : Depreciation expense $28,000
Less: Increase in accounts receivable -$16,000
Less: Decrease in accounts payable -$21,000
Total of Adjustments -$9,000
Net Cash flow from Operating activities $166,000
Answer:
Explanation:
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