Find annuity payment required

Assignment Help Accounting Basics
Reference no: EM131268560

Rosey's Roses Present and Future Values -

Future need: $15,000.00

Term (in years): 4

Interest rate: 6%

Find Annuity payment required: ?

Future need: $15,000.00

Term (in years): 4

Interest rate: 6%

Invest now: ?

Annuity investment: ($1,000.00)

Term (in years):                4

Interest rate: 5%

Future value: ?

Current investment: ($4,000.00)

Term (in years): 4

Interest rate: 5%

Future value: ?

Rosey's Roses Predicting Costs -

Month Miles Driven Delivery  Expense
Jan-12                     5,400  $ 12,000
Feb-12                     5,700  $ 12,100
Mar-12                     6,300  $ 12,600
Apr-12                     4,200  $ 10,100
May-12                     7,500  $ 13,750
Jun-12                     3,500  $ 10,000
Jul-12                     8,000  $ 18,000
Aug-12                     5,300  $ 12,000
Sep-12                     5,100  $ 11,000
Oct-12                     4,700  $ 10,100
Nov-12                     6,300  $ 13,000
Dec-12                     7,500  $ 15,000
Jan-13                   10,200  $ 20,000
Feb-13                     8,800  $ 15,700
Mar-13                     7,500  $ 14,500
Apr-13                     6,900  $ 12,950
May-13                     7,900  $ 18,000
Jun-13                     7,200  $ 13,500
Jul-13                     9,500  $ 18,000
Aug-13                     9,800  $ 19,000
Sep-13                   11,300  $ 21,000
Oct-13                   12,500  $ 21,050
Nov-13                     6,500  $ 14,000
Dec-13                     5,900  $ 10,500
High Expense

Low Expense

Difference

Rosey's Roses - Allowance for Uncollectible Accounts

Aging Method Information

Current

0 - 30 Days Past Due

31 - 60 Days Past Due

61 - 90 Days Past Due

> 90 Days  Past Due

Total

Amount

 

 

 

 

 

 

Past experience ratio

 

 

 

 

 

 

Past experience ratio for % of sales method       

Facts:   

Accounts receivable balance (beg)          

Sales on account             

Collections on account  

Write-offs of accounts receivable            

Accounts receivable balance (end)         

Percentage of Sales Method:

Allowance for uncollectible accounts (beg)         

Write-offs of accounts receivable            

Uncollectible accounts expense               

Allowance for Uncollectible accounts (end)        

Aging Method:

Allowance for uncollectible accounts (beg)

Write-offs of accounts receivable

Uncollectible accounts expense

Allowance for uncollectible accounts (end)

Attachment:- Assignment.rar

Reference no: EM131268560

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