Answer:
$213,250
Explanation:
The calculation of cash inflow is shown below:-
Expected cash collections
For the month of June
Months Sales Percentage Expected collections
April $282,500 5% $14,125
May $213,750 30% $64,125
June $225,000 60% $135,000
Total collection in the month of June $213,250
Here we assume Sales for April$282,500, May $213,750 and June $225,000.
Please ignore the last value as it is not relevant to the question
Answer:
$1,256,000
Explanation:
Data provided in the question:
Number of semiannual payments received = 16
Amount of each payment = $100,000
Annual interest rate = 6%
Thus,
Semiannual interest rate = 
= 3% = 0.03
Now,
Payment = Amount × 
or
Payment = $100,000 × 
Payment = $100,000 × 12.56
or
Payment = $1,256,000
The financial analysis component of a business plan is to describe the viability, stability and profitability of a business, sub-business or project.
<span>It is an aspect of the overall business finance function which includes the examining historical data to acquire information about the current and future financial health of a company, business or project.</span>
Answer:
$1510.28
Explanation:
The monthly on the purchase of new sports car can be computed using the pmt excel function as shown below:
=pmt(rate,nper,-pv,fv)
rate is APR of 7.15% expressed in monthly terms i.e 7.15%/12
nper is the number of months that payments would last i.e 60 months
pv is the cost of the new sports car i.e $76000
fv is the balance owed after the 60th payment i.e $0
=pmt(7.15%/12,60,-76000,0)=$1510.28
Answer:
the numbers are missing, so I looked for a similar question:
a. On 1, Tree Service prepaid $7,200 for six months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their balances at adjusts the accounts only at 31, the end of its fiscal year.
Dr Rent expense 1,200 (= $7,200 / 6)
Cr Prepaid rent 1,200
Balances:
Prepaid rent 6,000
Rent expense 1,200
b. On 1, Tree Service paid $1,050 for supplies. At 31, has $400 of supplies on hand. Make the required journal entry at 31. Then post all amounts to the accounts and show their balances at 31. Assume no beginning balance in supplies.
Dr Supplies expense 650 (= $1,050 - $400)
Cr Supplies 650
Balances:
Supplies 400
Supplies expense 650
c. On 1, Tree Service prepaid for six months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their balances at adjusts the accounts only at 31, the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at 31.
SAME AS QUESTION A
