User Account

All Pages

Calculate the present value of the loan

Assignment Help Accounting Basics
Reference no: EM132536547

Question - A company must repay the bank a single payment of $49,000 cash in 5 years for a loan it entered into. The loan is at 10% interest compounded annually. The present value factor for 5 years at 10% is .6209. The present value of an annuity factor for 5 years at 10% is 3.7908. Calculate the present value of the loan?

Reference no: EM132536547

Questions Cloud

Provide the adjusting entries related to bad debt expense : On December 31st 2020, Mercy Inc. had $200,000 of accounts receivables outstanding. Provide the adjusting entries related to bad debt expense
How is possible to increase net operating income : In what fundamental ways does activity-based costing differ from traditional costing methods? how is it possible to increase net operating income
Prepare journal entries for Custom drill : The drill were delivered on Jun 30th and installed on July 15, 2019. Prepare journal entries for Custom drill relating to these contracts
Which company has the better operating leverage : Sells it merchandise at $50 per unit. it has variable costs of $45 per unit and fixed costs of $60,000, which company has the better operating leverage?
Calculate the present value of the loan : The present value factor for 5 years at 10% is .6209. The present value of an annuity factor for 5 years at 10% is 3.7908. Calculate the present value of loan
How successfully land on the other ramp : Assuming the ramps have an incline of 30? and are spaced by 40 m, what speed (in units of km/hr) does the biker need to leave the first ramp in
What dollar sales are necessary to achieve an after tax : BITCO has fixed costs of $100,000 and a 25% contribution margin ratio. What dollar sales are necessary to achieve an after tax net income of $120,000
Should the company accept the special order and why : Should the company accept this special order? Why? Albertine Co. manufactures and sells trophies for winners of athletic and other events.
Prepare income tax expense section in the income statement : Frank reports € 80,000 in pre-tax financial income for 2019. Prepare the income tax expense section in the income statement for 2019

Reviews

Write a Review

Accounting Basics Questions & Answers

  How many shares of common stock are outstanding use the

youve made it corporation presents the following partial balance sheet as of december 31 2015stockholders

  Accounting system before financial statements

Each involves an adjustment that must be made to the accounting system before financial statements can be prepared. Show the effects of each adjusting entry on the accounting system.

  What entry should the conservatory make

A local Conservatory is a not-for-profit entity which held a fund-raising drive. What entry should the Conservatory make

  Ddetermine how heartstrings gift shoppe sells an assortment

Determine how Heartstrings Gift Shoppe sells an assortment of gifts for any occasion. During October, Heartstrings started a Gift-of-the-Month program.

  Problem related to adjusted gross income

The partnership made an ordinary cash distribution of $10,000 to Marcie, and paid guaranteed payments to partners Marcie, Alice, and Pat of $20,000 each ($60,000 total). How much will Marcie's adjusted gross income increase as a result of the abov..

  The additional paid in surplus account

The December 31 , 2013 balance sheet of schism inc 120,000 in common stock account and 2,120,000 in the additional paid in surplus account.

  Seacuts light lunches sells three soup and salad buffet

seacuts light lunches sells three soup and salad buffet lunches for every one sub sandwich lunch. the price for the

  What is sawyer corporation federal taxable income

In 2016, Sawyer Corporation, a calendar year, accrual method C corporation had income per books before tax of $350,000.

  What would have been bonanza drink

ACCTG 372 - Overview of Financial Forensic Accounting - What would have been Bonanza Drink Co.' selling price per bottle (for the bottles produced

  Determine the retailer purchases or sells merchandise

The inventory system wherein a retailer's inventory account is updated whenever the retailer purchases or sells merchandise is a inventory system.

  Compute price and usage variances for direct materials

direct materials and direct labor variancesdulce company produces a popular candy bar called rico. thecandy is produced

  Difference between debt ratio and insolvency

Difference between debt ratio and insolvency

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd