The net profit or loss for a particular period of time is reported on the

Suppose that you have just borrowed $250,000 in the form of a 30 year mortgage. The loan has an annual interest rate of 9% with

Oksi-84 [34.3K]

Answer:

Consider the following calculations

Explanation:

PMT(Interest_Rate/Num_Pmt_Per_Year,Loan_Years*Num_Pmt_Per_Year,Loan_Amount)

Interest_Rate = 0.09

Num_Pmt_Per_Year = 12

Loan_Years = 30

Loan_Amount = 250,000

If you input these values on a financial calculator, PMT = 2011.56

Balance of the loan at the end of 13 years = 209798.54

Interest paid in the 6th year = 21464.51

224th Payment Principal = 722.70

7 0

3 years ago

What is the first step to build a house of quality? A. Relate customer wants to product hows. B. Determine the desirable techni

prohojiy [21]

Answer:

The correct answer is C. Identify customer wants.

Explanation:

Despite the fact that the architects, due to their experience, can provide alternatives based on factors such as location, size, type of house, etc., the client's requirements play a very important role since, prior to this, they have designed in their minds what they would like to have. in your new house. The architects serve as support to give a professional touch to the property, but taking into account the requirements of the person it is possible to adjust certain aspects to offer the best possible experience when the construction is finished.

3 0

3 years ago

Read 2 more answers

On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, r

Tomtit [17]

Answer:

1.Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

Cr Bonds payable 40,000,000

2a.Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

b.Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

3.$1,535,896.90

4. Yes

5.$37,282,000

Explanation:

1. Preparation of the Journal entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.

Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

(40,000,000-37,282,062)

Cr Bonds payable 40,000,000

2. Preparation of the Journal entries to record the following:

a. Journal entry to record the first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount

First coupon payment December 31, Year 1, f

Dr Interest expense 1,535,896.90

(1,400,000+135,896.90)

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

(2,717,938 / 20 coupons = $135,896.90)

b. Journal entry to record the interest payment on June 30, Year 2, and the amortization of the bond discount

June 30, Year 2, second coupon payment

Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

(2,717,938 / 20 coupons = $135,896.90)

3. Calculation to Determine the total interest expense for Year 1.

Cash 1,400,000 + Discount on bonds payable 135,896.90 = $1,535,896.90

4. Yes the bond proceeds will always be less than the face amount of the bonds in a situation where the contract rate is less than the market rate of interest because if we have a high market rate than the coupon, this would mean that the bonds will sell at a discount

5. Computation for the price of $37,282,062 received for the bonds using the present value tables

PV factor, 4%, 20 periods =0.4564

PV annuity factor, 4%, 20 periods =13.590

Present Value (Face value) = $40,000,000 x 0.4564 = $18,256,000

PV of coupon payments = $1,400,000 x 13.590 = $19,026,000

Therefore the bond's market price will be:

Present Value (Face value) +PV of coupon payments

Bond's market price = $18,256,000 + $19,026,000

b

Bond's market price = $37,282,000

5 0

3 years ago

The weekly profit of a company is modeled by the function w = –g2 + 120g – 28. The weekly profit, w, is dependent on the number

FromTheMoon [43]

Answer:

120 gizmos.

Explanation:

We have been given that the weekly profit of a company is modeled by the function $w =-g^2+120g-28$ . The weekly profit, w, is dependent on the number of gizmos, g, sold. The break-even point is when $w=0$ .

To find the number of gizmos the company must sell each week in order to break even, we will substitute $w=0$ in profit function as:

$0 =-g^2+120g-28$

$-g^2+120g-28=0$

Now, we will use quadratic formula to solve for g.

$g=\frac{-120\pm\sqrt{120^2-4(-1)(-28)}}{2(-1)}$

$g=\frac{-120\pm\sqrt{14400-112}}{-2}$

$g=\frac{-120\pm\sqrt{14288}}{-2}$

$g=\frac{-120\pm 119.53242237987}{-2}$

$g=\frac{-120-119.53242237987}{-2}\text{ or }g=\frac{-120+119.53242237987}{-2}$

$g=\frac{-239.53242237987}{-2}\text{ or }g=\frac{-0.46757762013}{-2}$

$g=119.76621118\text{ or }g=0.2337888$

$g\approx 120\text{ or }g\approx 0.23$

We will take the larger value for the number of gizmos.

Therefore, the company must sell 120 gizmos each week in order to break even.

5 0

3 years ago

Write the necessary steps that need to be followed in maketing

zimovet [89]

There are nine major steps required to develop a well-crafted, strategic marketing plan: set your marketing goals, conduct a marketing audit, conduct market research, analyze the research, identify your target audience, determine a budget, develop specific marketing strategies, develop an implementation schedule for ...

7 0

2 years ago