Reference no: EM132999585

Question -

Q1. You are the new CEO of Triangle Pediatrics and two weeks after you started in your new position the Chief Financial Officer and Associate PV of Finance left for greener pasture. The parent of one of the clinics' patient who owed $10,000 and the account is 180 days past due approaches you and requests a 5 year-5 payments plan. She agreed to pay 14% APR. You must prepare an amortization plan for her. Indicate the annual payment amount. How much would she pay in total interest?

Q2. The new CEO of George Washington Hospital a for profit hospital wants to increase efficiency of GWH data processing operations. She decides to acquire a computer system that would reduce the hospital collection by five days among other benefits.  The computer system cost $2,700,000 and spent $241,175 to renovate a building to accommodate the new equipment. The useful life of the computer system is estimated to be eight years and the computer residual value is $100,000.00. Using straight line depreciation method. Calculate GWH yearly depreciation on that equipment. What would be the book value after year 5?