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:
C. $32,900
Explanation:
The computation of the beginning retained earning balance is shown below"
As we know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
$51,100 = Beginning retained earning balance + $22,500 - $4,300
$51,100 = Beginning retained earning balance + $18,200
So, the beginning retained earning balance would be
= $51,100 - $18,200
= $32,900
Answer: =-9.34%
Explanation:
Assuming the brokerage account pays no interest on your cash, the return, relative to the collateral will be calculated as:
= (Short sell price - dividend - Share buy price)/Capital employed
= (5433 - 100 - 5600) / 2850
= -267 / 2850
= -0.09368
=-9.34%
Note:
Short sell price = 54.33 × 100 = 5433
Dividend = 100
Share buy price = 56 × 100 = 5600
Answer:
Explanation:
Bike Co.
Bank Reconciliation
Cash balance according to Bank statement 8,980
Add:Deposits of May 31,not recorded by bank 1,050
Add:Bank error in charging checks as 730instead of $370 360 1,410
10,390
Deduct:checks outstanding 5,560
Adjusted balance 4,830
Cash balance according to company records 3795 (5140+39175-40520)
Add:collection of note 2,120
5915
Deduct: Error in recording cheque (310-130) 180
Bank service charge 25
NSF 880 1,085
Adjusted balance 4,830
2) Journal entries'
a 31-May Cash 2,120
Note receivable 2,000
interest revenue 120
b. 31-May Accounts payable-rack pro co 180
Miscellaneous expense 25
account receivable 880
cash 1,085
3) 4,830
Answer:
CPI washinton 100
CPI Austin 45
or
CPI Washinton 222
CPI Austin 100
Explanation:
We need a CPI that equalise the salary of 200,000 in Washington DC and the 90,000 in Austin Texas
if Washinton DC is the base, and their CPI is 100
how much does the CPI of Austin needs to be to make 200,000 in Washinton equal to 90,000 in Austin?
90,000/200,000 x 100 = CPI
CPI = 45
A CPI of 100 in Washinton
and a CPI of 45 in Austion make the two salaries have the same purchasing power.
If we use Austin as a base:
100/45 x 100 = 222.22222
Then the CPI for Austin is 100
and the CPI for Washinton 222
