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2 years ago

1. Use a financial calculator or computer software program to answer the following questions:

Business

1 answer:

netineya [11]2 years ago

3 0

Answer:

a. $66,889.63

b. $107,726.42

Explanation:

We use the Present value function that is to be reflected on the attachment

a. In the first case

Data provided in the question

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $66,889.63

b. In the second case

Data provided in the question

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $107,726.42

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A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end of each year for n years.(whi

Evgesh-ka [11]

Answer:

Y = $391.10

Explanation:

We have 0.125B(n-1) = i

B(n-1) = In = 142.78

So that B(n-1) = 142.78/0.125 = 1142.24

Furthermore, B(n-1) = Px = Pv = P/(1+0.125) = 1142.24

P/1.125 = 1142.24

P = 1142.24*1.125

P = 1285.02.

The total amount of the loan = Principal repaid as of time (n-1) + Principal repaid in last payment

= 6009.12 + 1142.24

= 7151.36

So, the total amount of the loan is 7151.36.

The principal repaid in the first payment Y = 1285.02 - 0.125*7151.36

Y = 1285.02 - 893.92

Y = $391.10

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2 years ago

On March 1, 2018, Lewis Services issued a 6% long-term notes payable for $18,000. It is payableover a 3-year term in $6000 princ

GaryK [48]

Answer:

B) Cash A/c Dr $18,000

To Long-Term Notes Payable $18,000

Explanation:

Since we have to pass the journal entry for the beginning year, so we have to record the issued amount also,

The journal entry is shown below:

Cash A/c Dr $18,000

To Long-Term Notes Payable $18,000

(Being long term notes payable)

The principal installment amount should not be considered in the recording of the journal entry. Hence, it is ignored.

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2 years ago

a report must be sent promptly to FINRA if a registered employee of a member firm for all of the following EXCEPT: A has violate

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Answer:

is ticketed for careless driving

Explanation:

FINRA Rule 4530 says one can report

each member of the firm promptly to FINRA, within 30 calendar days,

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3 years ago

Which career would organize,train and support teachers and educational workers to help them provide better instruction?

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Instructional coordinators can provide training for teachers in curriculum

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3 years ago

Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,770 and two j

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Answer:

Explanation:

WORK IN PROCESS INVENTORY

May 1 balance 3770 May 31 Finished Goods 9234

31-May Material 11470

31-May labour 13870

31-May Overheads 9431.6

may 31 Balance 29307.6

JOB COST SHEET

Job no. Beg. WIP Material Labour Overheads Total

430 1340 3850 3400 2312 10902

431 0 4680 8170 5555.6 18405.6

TOTAL 1340 8530 11570 7867.6 29307.6

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Beginning cost 2430

Add: Material 2940

Add: Labour 2300

Add: Overheads (2300*68%) 1564

Total cost of Job 429 9234

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2 years ago