Answer is a hope this helps cause its like common sense
<span>Present
value is the current value of a future sum of money. Present value of money is
used to compute the time value of money. It is also known as ‘present discounted
value’ or ‘discounted value.’ It is the worth of money now to be paid in series
of payments at a certain interest rate to arrive at the future value.</span>
Answer:
Cash 2,157 debit
bank service expense 85 debit
account receivables 2,242 credit
Explanation:
To record the bank memorand:
The collection in behalf of the firm will increase cash
The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.
Net cash variation: 2,242 - 85 = 2,157
For the Company errors another entry will be made looking for errors between our numebrs and the bank.
Answer:
910.18
Explanation:
After Chin's down payment the amount borrowed is ...
(1 - 20%)($180,000) = 0.80·$180,000 = $144,000
The amount of the payment is given by the amortization formula ...
A = P(r/n)/(1 -(1 +r/n)^(-nt))
for P borrowed at rate r for t years, compounded n times per year.
A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18
The monthly loan payments will be 910.18.
Answer and Explanation:
The journal entries are shown below:
1. The revised estimated amount of total compensation is
= 100,000 shares × $6
= $600,000
2. The action shows that the Farmer Fabrication cumulative effect for the year 2022 earnings
3. The journal entries are shown below:
For the year 2022
Compensation expense
To Paid-in Capital-Stock options $200,000
(Being the compensation expense is recorded) $200,000
For recording this we debited the compensation expense as it increased the expenses and credited the paid in capital as it increased the stockholder equity
The computation is shown below:
= $600,000 ÷ 3 years
= $200,000
