Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. (Negative Amortization) Good-Deal Inc. developed a new sales gimmick to help sell its inventory of new automobiles. Because many new car buyers need financing, Good-Deal offered a low down payment and low car payments for the first year after purchase. It believes that this promotion will bring in some new buyers. On January 1, 2010, a customer purchased a new $33,000 automobile, making a down payment of $1,000. The customer signed a note indicating that the annual rate of interest would be 8% and that quarterly payments would be made over 3 years. For the first year, Good-Deal required a $400 quarterly payment to be made on April 1, July 1, October 1, and January 1, 2011. After this one-year period, the customer was required to make regular quarterly payments that would pay off the loan as of January 1, 2013.
(a) Prepare a note amortization schedule for the first year.(b) Indicate the amount the customer owes on the contract at the end of the first year.(c) Compute the amount of the new quarterly payments.(d) Prepare a note amortization schedule for these new payments for the next 2 years.(e) What do you think of the new sales promotion used by Good-Deal?
on december 30 2011 roberta purchased four tickets to a charity ball sponsored by the city of san diego for the benefit
There are two methods of reporting an accounting change:
what are the components of pension expense? how do the components of pension expense differ among the various types of
you are building a yacht. it will be done in 5 years. you have 3 choices regarding payment. 1 you can pay for it now
James Welling, a 37 year old engineer has an appointment to meet you in about an hour. As you are reviewing his accounts, you notice that he is a fairly active trader. He seems to do pretty well with returns that outpace the averages
in 2014 gray corporation a calendar year c corporation has a 75000 charitable contribution carryover from a gift made
the following information is available actual inputs for actual price each unit of output per unit of input direct
cash flows from operating activities-direct method the cash flows from operating activities are reported by the direct
Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month. Illustrate the effect on the accounts and financial statements of the materials transferred in (a)
jenkins appliances has cash flow problems and needs to borrow between 50000 and 60000 for approximately sixty days.
Prepare the general journal entries to record the share issue and the purchase of the land and building on January 1 and the amortization expense on December 31, 20B.
Your firm has clients named Danny and Mary. They are married and have two dependent children. They also fully support Mary's mother, who lives with them and has no income.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd