Answer:
Monthly installment= $168.77
Explanation:
<em>Loan amortization is a loan repayment arrangement where a loan is repaid using a series of equal installments over the years of the loan. Each installment covers the interest due and a portion of the principal balance
</em>
The monthly installment = Loan amount/monthly annuity factor
<em>Annuity factor = (1 - (1+r)^(-n))/r)
</em>
r - monthly interest rate, n- number of months
Monthly interest rate = 6%/12= 0.5%
Number of months = 15× 12 = 180
Annuity factor = ( 1-(1.005)^(-180))/0.005
= 118.50
Monthly installment = 20,000/168.771
= $168.77
Answer:
Monthly installment= $168.77
Answer:
The actual overhead cost for manufacturing is $21700
Explanation:
Given data:
Pre determine overhead cost = $6
Number of hour of direct labor = 3200 hr
Under applied overhead = $2500
actual manufacturingg overhead cost can be determined as
![actual\ overhead\ cost = [pre-determned\ overhead\ cost \times direct\ labor\ hours] + applied\ overhead](https://tex.z-dn.net/?f=actual%5C%20overhead%5C%20cost%20%3D%20%5Bpre-determned%5C%20overhead%5C%20cost%20%5Ctimes%20direct%5C%20labor%5C%20hours%5D%20%2B%20applied%5C%20overhead)
putting all value to get the required value of actual overhead cost
actual overhead cost ![= [$6 \times 3200 hr] + $2500](https://tex.z-dn.net/?f=%3D%20%5B%246%20%5Ctimes%203200%20hr%5D%20%2B%20%242500)

= $21700
The actual overhead cost for manufacturing is $21700
Answer:
There is a 1,500 gain
Explanation:
we have commercial subtance so we can recognize gain/loss
these will be the numebrs of the transaction:
truck
purchase 24,000
acc depreciation 17, 000
book value 7, 000
equipment 8,000
cash 500
total 8,500
received - given up = gain/loss
8,500 - 7,000 = 1,500 gain
the journal entry would be
Equipment 8,000 debit
cash 500 debit
acc dep truck 17,000 debit
Truck 24,000 credit
gain on disposal 1,500 credit
Answer:
Jana just found out that she is going to receive an end-of-year bonus of $32,200. She is in the 35 percent marginal tax bracket. Calculate her income tax on this bonus.
- tax liability = $32,200 x 35% = $11,270
Now assume that instead of receiving a bonus, Jana receives the $32,200 as a long-term capital gain. What will be her tax?
- tax liability = $32,200 x 15% = $4,830
Which form of compensation offers Jana the best after-tax return?
- if the bonus is taxed as a long term capital gain, she will páy less than half the taxes, so it is the best option for her
Would your calculation be different if the gain was short-term rather than long-term?
- Short term capital gains are taxed at the same rate as ordinary income, so the difference between the bonus being a long vs short term capital gain is very significant to Jana.