Answer:
Refer below.
Explanation:
I foresee that loan costs would fall with the arrival of forward-thinking, dependable data on all organizations wishing to give bonds on account of expanded buyer request. This data would make it simpler for financial specialists to decide the reliability of firms and request should rise on account of the simplicity and help in dynamic. At the point when request rises, loan fees decrease.
$2,095.30 interest will she pay by the time the loan is repaid
Solution:
The $5,500 guaranteed Stafford loan is taken from Gertrude.
The loan has a monthly compounding interest rate of 6.8 percent.
Price current= $5,500.
Present Value = $5,500
Time period = 10 years
So , N = 10 x 12 = 120 months.
Interest rate, R = 6.8/1200 = 0.005666667
PV = Pmt * [1 - (1+R)^(-N)]/(R)
5500 = Pmt * [1 - (1+0.005666667)^(-120)]/(0.005666667)
Pmt = $63.29418157
She got full refund. = 63.29418157 x 120 = $7,595.30
Interest paid = Total repayment - Loan Principal
= $7,595.30 - $5,500
= $2,095.30
I think it’s true
(Not sure)
Answer: See attachment and explanation.
Explanation:
a. Determine the components of pension expense that the company would recognize in 2017.
Service cost = $52,000
Add: Interest on projected benefit obligation = $380,000 × 10% = $38,000
Less: Actual return on plan asset = ($11000)
Less: Unexpected loss = 200,000 × 10% - 11,000 = ($9000)
Ammortization of prior service cost = $15000
Pension expense = $85,000
b. The journal entry to record the pension expense and the company’s funding of the pension plan in 2017 has been attached.
c. The amount of the 2017 increase/decrease in gains or losses and the amount to be amortized in 2017 and 2018 has been attached.
d. The pension amounts reported in the financial statement as of December 31, 2017 will be $85,000.
Answer:
a.$30,000
b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.
Explanation:
a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building
Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred
b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.
