Answer:
beginning inmediately: $ 140,095.127
after a year: $ 152,703.688
with a salvage value: $ 148,227.912
Explanation:
We need to find the PMT of 980,000 dollars being ordinary annuity or annuity-due discounted at 9%
Annuity-due:
PV $980,000.00
time 10
rate 0.09
C $ 140,095.127
Annuity:
PV $980,000.00
time 10
rate 0.09
C $ 152,703.688
If there is a salvage value, we discounted from the lease value:
980,000 - present value of salvage value:
Maturity $68,000.0000
time 10.00
rate 0.09
PV 28,723.93
980,000 - 28,724 = 951,276
<u>Now we calculate the PMT:</u>
PV $951,276.00
time 10
rate 0.09
C $ 148,227.912
Answer:
A
Explanation:
Identify, analyze, plan, track, and control
Answer:
Statement B is correct
Explanation:
Provided Information that,
Company A has shorter Average Collection Period than Company B,
Average Collection Period refers to the period in which the cash is collected from debtors.
Thus in the given statements only statement B states that Company A is more efficient in collecting receivables from debtors, thus it is the correct statement.
Statement A is wrong as Company A has less Average Collection Period, thus it's credit sales percentage would be higher than Company B.
Statement C which states about generating revenue is not correct as the company might have cash sales.
Statement B is correct
Answer:
$5,603
Explanation:
The calculation of Interest Expense is shown below:-
Interest made accrued on Dec 31, 2018 = Services issued × Stated rate × Remaining months ÷ Number of Months in a year
= $305,000 × 11% × 2 ÷ 12
= $305,000 × 11% × 0.167
= $5,603
Therefore for computing the Interest Expense we simply applied the above formula.
Answer:
$13,000
Explanation:
Given that:
Jeremy operates a business as a sole proprietorship which uses a cash method of accounting. Now he is planning transfer them into a new corporation in exchange for its stock.
The assets are :
$10,000 of accounts receivable with a zero basis
have a basis of $20,000 and an FMV of $40,000
Liabilities
payable of $12,000
The note payable on medical equipment is $7,000.
Therefore , Jeremy's basis for his stock is : $20,000 -$7,000 = $13,000
since that will reduce the basis by amount of the note payable.
The liabilities payable will be deducted and taken care of by the corporation.
