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Yuliya22 [10]
3 years ago
7

» Q-9-1. Accrued Interest Payable Interest accruals are calculated using a 365-day year with the day after the note was made cou

nting as the first day. General ledger account numbers for the journal entry are: A/C #40800 (Interest Expense) and A/C #20900 (Interest Payable). What is the amount of the interest accrual at 12/31?
Business
1 answer:
saveliy_v [14]3 years ago
4 0

Answer: $197.26

Explanation:

$80,000 x 6% x 2yrs = $4,800 x 2yrs = $9,600

$4,800 ÷ 365 = $13.15/day

$13.15 x 15 days = $197.26

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Which of the following is a criticism of the national income and product accounts?
jok3333 [9.3K]

I believe the correct answer among the choices is:

b) They do not capture most nonmarket economic activity

 

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9 . Implied interest rate and period Consider the case of the following annuities, and the need to compute either their expected
vodomira [7]

Answer:

IRR 6% for Jabob

His friend will need 12 years saving cash to obtain their collegue funds.

Explanation:

We will solve for the rate being the annuity of 3 payment of 800

and the present value 2,138.41

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 800

time 3

PV 2,138.41

rate ?

800 \times \frac{1-(1+x)^{-3} }{x} = 2,138.41\\  

To solve we can use excel, a financial calculator or trial and error

For excel we will do the following:

write the list of cash through the loan life:

-2,138.41

+800

+800

+800

then we write in the empy cell

=IRR(

select the values and press enter

This will give the IRR which is 6%

For the second assignment:

we need to solve for time:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C    3,800

time            n  

rate            0.06

PV $31,897

3800 \times \frac{1-(1+0.06)^{-n} }{0.06} = 31,897\\  

 We work out the formula:

(1+0.06)^{-n} = \frac{31,897\times 0.06}{3,800}

Now we solve the right side and apply logarithmic properties

-n = \frac{log0.503636842&#10;}{log1.06}

-n = -11.77128325

n = 11.77

It will take 12 years to obtain their target amount

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A broker-dealer offers 4 summer passes to an amusement park to each of its agents who sell at least $10,000 of bonds during the
inn [45]

Answer:

I (allowed) and IV (not considered soft dollar compensation)

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mojhsa [17]

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