12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit.
Q: 9-4 (Algo) Recording Transactions and Adjustments for Tangible and Intangible Assets [LO 9-1, LO 9-…
A: Intangible assets are capitalized to asset account as like fixed assets. this allocated cost is…
Q: Morganton Company makes one product and it provided the following information to help prepare the…
A: calculation of cost of raw material to be purchase for july
Q: On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 120…
A:
Q: You invest $600 in security A with a beta of 1.2 and $400 in security B with a beta of 0.90. The…
A: Beta: It is the systematic risk of security or bunch of securities (portfolio) as compared to the…
Q: Calculate FICA Taxes. Please answer question correctly. All calculations should be rounded to two…
A: For calculating the social security tax and Medicare tax please fallow the steps below A .Social…
Q: Can a business do without managerial accounting ?
A: Business is defined as any unit that is engaged in executing activities. They may be involved in…
Q: Explain how annual gifts to his children will reduce both his income during lifetime and estate tax…
A: Answer to the above question please fallow: It will reduce both his income during lifetime and his…
Q: Panamint Systems Corporation is estimating activity costs associated with producing disk drives,…
A: Lets understand the basics. Activity rate is a rate which helps to allocate the cost to production…
Q: (12.) Multi-product Co. produces these products with the following characteristics: Product Tp2 Pq4…
A: Break Even Point (BEP) :— It is the point at which total revenue is equal to total cost. It is the…
Q: How much should be reported as Land under PPE section of the financial position?
A: The land should be reported as p15,10,000 steps fallow below: As per PPE LAND account balance…
Q: (a) Determine the fixed costs and unit variable costs using the high-low method. Total fixed costs…
A: VARIABLE COST Variable Cost are constant at per Unit basis. Total Variable Cost is Varry on…
Q: 2. The company "Bom investor, Lda" needs to replace a heavy vehicle for which it has two…
A: CALCULATION OF EXPECTED CASH FLOWS OVER 5 YEARS IN BOTH ALTERNATIVES ALTERNATIVE 1…
Q: You are examining the records of Shala Company where internal control is identified to be weak. Part…
A: Cash in Hand ledger in hand-opening 5,26,348 Cash receipts 1,30,10,654…
Q: a. overpriced
A: Return as per Capital-asset pricing model (CAPM) = Risk-free rate + Beta * Market risk premium = 6%…
Q: Presented below are a number of balance sheet items for Tamarisk, Inc. for the current year, 2020.…
A: Balance Sheet - Balance Sheet is the statement that contain assets, Liabilities and Equity. It is…
Q: Which of the following statements are true? 1. Wages paid to production supervisors would be…
A: The correct option with proper explanation are as follows
Q: The following cost data relate to the manufacturing activities of Black Company during the just…
A: Cost of goods manufactured means the cost incurred on the making of the goods. It is determined by…
Q: QUESTION 1 The journal entry to reca O о о Manufacturing Ov Work in Process Manufacturing Ov…
A: The correct option with proper explanation are as follows
Q: Mary is newly hired. Her company offers 4 choices for her 401-K plan, three of which are bond and…
A: This is an example of Regret avoidance.
Q: Which of the following statements about using a plantwide overhead rate based on direct labor is…
A: Activity-based costing: Activity-based costing is a method of costing that assigns indirect cost to…
Q: Compton Information Services, Inc., has two service departments: human resources and billing.…
A: Cost allocation is the process of relieving the cost centers of common service organizations that…
Q: Gannett Company, Incorporated, states in a recent annual report that it is "an innovative, digitally…
A: T - Account T - Account is Also Known As Journal Ledger. T - Account is Prepared after making…
Q: an income tax rate of 35%, and its retained earnings statement for 2023 reported a closing balance…
A: answer : Dividend declared = $1.30*100,000 = $130,000 Retained earning for 2022 = 0 Retained earning…
Q: Scoring: Your score will be based on the number of correct matches. There is no penalty for…
A: ABC ABC system calculate the Cost of Individual activities and assign cost to cost object such as…
Q: +1 QS 1-11 (Algo) Identifying effects of transactions using accounting equation-Assets and…
A: ACCOUNTING EQUATION Accounting equation provides the Effect of Each transaction on Assets or…
Q: a. You purchased a new issue GE Corp bond. The bond has a face value of $100, coupon interest rate…
A: The bond that has a coupon rate than the market interest rate is issued at a premium because the…
Q: s with a contribution margin of $500 per unit. The on margin of $300 per unit. Which order will you…
A: The order that will be accepted will be the order that gives the highest total contribution margin…
Q: Income Statement for the Maitz Company for 2018 Sales Cast of goods sold Gross profits Operating…
A: A cash flow statement is a financial statement that provides data regarding all cash inflows a…
Q: Exercise 7-1 (Algo) Cash and cash equivalents; restricted cash; financial statement effects [LO7-2]…
A: calculation of cash and cash equivalent are as follows
Q: Johnson Foods Company had a before-tax profit of $250,000 after deducting interest expenses of…
A: SOLUTION: Return On Assets: Return On Asset is a financial ratio that helps to analyze the…
Q: A vehicle which cost R100 000 and on which the accumulated depreciation is R60 000 on 31 December…
A: Journal entries refers to the entries which are recorded by the businesses at the end of the period…
Q: b. Consider this additional information: The machines differ in terms of hourly operating costs: The…
A: TOTAL COST Total cost, in economics, the sum of all costs incurred by a firm in producing a…
Q: Distinguish between the periodic and perpetual inventory system. Describe the advantages and…
A: Perpetual Inventory System A perpetual inventory system, as opposed to a physical inventory, is a…
Q: Bombs Away Video Games Corporation has forecasted the following monthly sales: January $ 114,000…
A: Note: As per our guidelines, we will solve the first three subparts. 1. Annual Sales = $924000/$5…
Q: HOH INCOME Salary Business Income Interest Income from taxable bon Tax-exempt Bond interest Total…
A: Tax system is progressive that means as income increase with increase in income but there are some…
Q: After the accounts have been adjusted at October 31, the end of the fiscal year, the following…
A: Lets understand the basis. Accounts are divided into two types which are, (1) Temporary accounts (2)…
Q: Statement Of Owner's Equity Reporting Net Income Betsy Ray started an accounting service on June 1,…
A: Statement of owner's equity shows the amount which belongs to the equity owner's of the company. It…
Q: 2. Grace is a self-employed sales consultant who spends significant time entertaining potential…
A: The tax deduction reduces taxable income. It's a form of tax incentive. The standard deduction and…
Q: PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alt- [LO 9-2, LO 9-3]…
A: Answer :Double declining depreciation rate = 2*(100%/Estimated useful life in year) Double declining…
Q: Complete the following table by entering either the word increase or decrease in each column. Assets…
A: The elements of the balance sheet (assets, liabilities and stockholders' equity) are increased or…
Q: Given the following information, determine the activity rate for setups. Budgeted Activity Activity…
A: Budgeted activity cost is the total cost budgeted/ estimated for the particular activity. Total…
Q: On July 1, Novak Corporation purchases 570 shares of its $5 par value common stock for the treasury…
A: The question is based on the concept of Financial Accounting. When the company buyback its own…
Q: Dazzle, Inc. produces beads for jewelry making use. The follow operations for June. The journal…
A: Answer : Work in process inventory = $87,000
Q: Analyze the risks associated with auditing accounts payable. Explain the process of auditing…
A: Auditing refers to the procedure of examining or investigation of the financial statements of the…
Q: why it is necessary to monitor cost per product or unit operating cost in order to determine the…
A: Unit cost or unit operating cost is the cost per unit produced. It helps in deciding and formulating…
Q: 1: Mortimer Klein earned gross pay of $1,340 Each period he makes a 401(k) contribution of 3% of…
A: Social Security Tax Both self-employed taxpayers and those who are employed are subject to the…
Q: Entity A entered into a sale and repurchase agreement for its head office on 1 January 2022, selling…
A: Sale and repurchase agreement is also known as (repo). It is short term borrowing and interest is…
Q: 33. Compute MACRS depreciation for the following qualified assets for the calendar mo years 2022 and…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Using the liquidity effect and income effect, explain the outcome on interest rates of a higher rate…
A: All else being equal , a larger money supply lowers market interest rates , making it less expensive…
Q: Shannon Sharpe owns and operates three Frazer Speedo outlets in Columbus, OH. Frazer Speedo is an…
A: Prime cost is the sum of raw material costs and the direct labor costs. Utility costs, manager pay,…
ANSWER EVERYTHING AND PLEASE DO THIS TYPEWRITTEN FOR UPVOTE
Step by step
Solved in 2 steps
- 9. At what interest rate compounded quarterly will RM15,000 become RM19,500 in 2 years 3 months? ANS: 11.83% 10. If RM 6,000 will accumulate to RM7,500 in five years' time, what is the interest rate compounded annually? ANS: 4.56% 11. At the birth of her grandson, Samantha Jones commits to help pay for his college education. She decides to make deposits of $600 at the end of each 6 months into an account for 17 years. Find the amount of the annuity and the interest earned, assuming 6% compounded semiannually. ANS: $14,238.11 Page 2Grace and Donna deposited PHP 8,000 in a saving account at 5 3/4%. if interest is compounded monthly, what will be the amount of their deposit at the end of two years? a. The interest rate in the problem is: b. Php 8,000 in the problem is: c. What is asked in the problem?1. Buchoy deposits Php10 000 in a bank that pays 4% compound interest annually. How much money will he have after 12 years without withdrawal?
- 4. Laura wants to accumulate RM150, 000 in her bank account by depositing RM1000 at the beginning of each month. If interest on the account is 5% compounded monthly, for how long does Laura have to deposit the money?27. You hope to accumulate an account balance of $20,000 in 4 years by making a single deposit today. If the account earns a 5% annual rate of return, you will need to deposit into the I account today.How much money should I deposit today into an account earning 7 3/8% annually compounded interest in order to have Php2,000 in the account 5 years from now?
- 1. 12 In order to accumulate enough money for a down payment on a house, a couple deposits $314 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 7 years? Type the amount in the account: $ (Round to the nearest dollar.)8 Kai has an interest only loan for $105,000.00 maturing in 6 years. The interest rate on the loan is 3.250% compounded semi-annually. He will repay the principle at maturity by making annual deposits into a sinking fund paying r(2) = 6.250%. How much are his annual depositsWhat amount is needed to invest today by a man if he wants to receive a quarterly cash out of Php 49623 for 7 years with an interest rate of 7% compunded quarterly.
- H4. Fred and Ethel are going to take out a business loan on which they will make annual payments of $7,500 for six years. At that point in time they will also pay off the remaining balance which will be $37,155. Their interest rate is 7.6% compounded semiannually. What is the amount that Fred and Ethel borrowed? Please show proper step by step calculation2. You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?Q14) Suppose that Ahmed deposits 2000 $ every 6 month in a saving account which pays 12% annual interest compounded half-yearly. How much will Ahmed have in the bank at the end of 8 years. Assuming that Ahmed deposits his money at the beginning of each 6-month period.