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Nina [5.8K]
3 years ago
10

On December 31, 2018, Wasley Corporation borrowed $500,000 on a 10%, 10-year mortgage note payable. The note is to be repaid wit

h equal semiannual installments, beginning June 30, 2019.
Required

a. Compute the amount of the semiannual installment payment using a financial calculator or Excel, and round amount to the nearest dollar.
Business
1 answer:
oksano4ka [1.4K]3 years ago
7 0

Answer:

$40,121.29

Explanation:

The amount to be paid as semi-annual equal equipment can be calculated using a calculator using the inder listed parameters as follows:

Semi-annual equal installment = Loan amount/Annuity factor

Annuity factor =  (1- (1+r)^(-n))/r

<em>Parameters to be used include</em>

r- 10/2 = 5%,  n- 2× 10 = 20,

Annuity factor = ( 1- (1.05)^(-20) )/0.05

                       = 12.4622

Semi-annual equal installment

= 500,000/12.4622

=  $40,121.29

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Option C

Membership in the Knights of Labor was:  open to all working people, including employers.

<u>Explanation:</u>

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3 years ago
Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.83 times at the end of 2008. If the firm's tota
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Answer:

Trina's Trikes have equity of 5.03 million

Explanation:

Debt to equity ratio is the rate of debt as compared to equity of the firm.

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3 years ago
At September 1, 2017, Five-O Inc. reported retained earnings of $136,000. During the month, Five-O generated revenues of $20,000
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Answer:

correct answer is $142,000 credit

Explanation:

given data

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expenses = $12,000

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paid dividends = $2,000

solution

we get here first net income that is

net income = revenues  - expenses  ...........1

net income = $20,000 - $12,000

net income = $8,000

now we get here balance in retained earnings that is

balance of retained earning = Retained Earnings + net income - dividends ..........2

balance of retained earning = $136,000 + $8,000 - $2,000

balance of retained earning = $142,000  credit

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