Amortization table for the installment note

Reference no: EM13137785

On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2010. The December 31, 2012 carrying amount in the amortization table for this installment note will be equal to:

a. $0

b. $13,000

c. $14,252

d. $16,603

Reference no: EM13137785

Questions Cloud

Amount of gain or loss on the sale : An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $47.50 per share. What is the amount of gain or loss on the sale?

Identify and describe these activities : The employee worked in Starbuck's Information Technology Department. RAD Services Inc. charged Starbucks as much as $429,800 for consulting services in a single week. For such a fraud to have taken place, certain control activities were likely no..

What alternatives would you suggest to combat : what alternatives would you suggest to combat some of the difficulties that Barilla’s operations system faces?

What was the amount of raw materials used during quarter : Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current year.

Amortization table for the installment note : On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2010. The December 31, 2012 carrying amount in the amortization table..

Computing a constant pressure process : Calculating a Constant Pressure Process, In a constant pressure, nonflow process, 6Btus of heat are added to a gas while the volumes change from 1.6ft^3 to 2.0ft^3

The impression one gains : The impression one gains from the internal inconsistency of many of the arguments upon the which justification of conventional accounting, is made to rest is strongly reminiscent of the underlying philosophy of the rulers of Oceania in George Orwell'..

Evaluate the pros and cons in the field of managed care. : Medicare Part D has become one of the established programs in the field of managed care. Find an online source of information evaluating the program as it exists today. Are the concerns raised at the time of the implementation of the program still is..

What direction did cost of purchases move during period : first-out than it would have been using last-in, first-out. Assuming no beginning inventory, in what direction did the cost of purchases move during the period?

User Account

All Pages