User Account

All Pages

Determine the amount of the annual payment

Assignment Help Financial Accounting
Reference no: EM132505905

In December 2013, Dayanara bought a new BMW 328i car for $ 70,000, paying $ 8,000 suddenly. This agreed with the XYZ Bank to pay the balance making annual payments equal in 6 years, at 9% interest.

Question A. Determine the amount of the annual payment that will pay off the debt.

Question b. Make the amortization table.

Reference no: EM132505905

Questions Cloud

Explain the strengths and weaknesses of each policy : Explain the strengths and weaknesses of each policy. Using the WHO's Organization's global health agenda as well as the results of your own research.
How much additional capital should borrow to invest : A firm is planning, How much additional capital should they borrow to invest $750,000? Use the average flotation cost to determine the amount
How much do you gain-lose if you do : Two years ago, you purchased a $21,000 car, putting $4,000 down and borrowing the rest. Your loan was a 36-month fixed rate loan at a stated rate
Explain the policy or regulation you selected : Briefly and generally explain the policy or regulation you selected. Address the impact of the policy or regulation you selected on system implementation.
Determine the amount of the annual payment : Determine the amount of the annual payment that will pay off the debt. In December 2013, Dayanara bought a new BMW 328i car for $ 70,000
How safety measures are applied in nursing science : Provide a contemporary example of how quality or safety measures are applied in nursing science. Identify the quality and/or components needed to analyze.
Critical analysis - constructivism and its impact : Critical Analysis - Constructivism and its impact on early childhood teaching and learning - Learning connected to the brain's learning processes
Determine should undertake the project : Its capital structure is 50% debt and 50% equity. If the cost of equity is 18% and after-tax cost of debt is 8%, should they undertake the project?
What is the yield to maturity of bond : What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Reviews

Write a Review

Financial Accounting Questions & Answers

  What a gain on the sale of plant assets is

On the statement of cash flows, a gain on the sale of plant assets is shown as a deduction from net income in the cash flows from operating activities section

  What would be the amount of each installment

On January 1, a company borrowed cash by issuing a $300,000, 5% installment note to be paid in three payments at the end of each year beginning December 31. What would be the amount of each installment? pare the journal entry for the second installme..

  Gain from dispositions of certain depreciable property

A taxpayer sold for $250,000 equipment that had an adjusted basis of $220,000. Through the date of the sale, the taxpayer had deducted $40,000 of depreciation. Of this amount, $27,000 was in excess of straight-line depreciation. What amount of gain w..

  What amount of deferred gross profit should blake report

Cooper made a timely payment of the first installment on January 2, 2011, of $325,000, which included accrued interest of $75,000. What amount of deferred gross

  Question qtip corp owns stock in maxey corp the investment

question qtip corp. owns stock in maxey corp. the investment shows a 10 percent interest and qtip is unable to exercise

  Prepare journal entries to record interest for each of years

Amber Mining and Milling, Inc., contracted with Truax Corporation to have constructed a custom-made lathe. The machine was completed and ready for use on January 1, 2016. Amber paid for the lathe by issuing a $700,000, three-year note that specified ..

  What are patterson dividends in arrears

Patterson declared a dividend of $35,000 during 20X8. Assuming the dividends are cumulative, what are Patterson's dividends in arrears as of 12/31/X8?

  What is after tax cost of debt for micro spin offs inc

What is after tax cost of debt for Micro Spin offs Inc. Micro Spin offs Inc, issued 20-year debt a year ago at par value with a coupon rate of 9%

  What is minimum level of earnings before interest and taxes

This new debt will be used to repurchase shares of the outstanding stock. The restructuring is expected to increase the earnings per share. What is minimum level of earnings before interest and taxes that the firm is expecting? Ignore taxes?

  Statements about cost of goods sold is wrong

Which of the following statements about cost of goods sold is wrong?

  Hiatt toothpaste company

Hiatt Toothpaste Company initiates a defined benefit pension plan for its 50 employees on January 1, 2014

  Determine the best regression equation possible

Determine the best regression equation possible given the data in Table 1 and the fact that overhead is to be the dependent variable.

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