Find the amount of each deposit of a company

Assignment Help Financial Accounting
Reference no: EM132935133

Problem 1: The financial manager of a company wishes to accumulate $126,817 in a type of investment that pays 8.18% per annum with tetramestral capitalization. He needs to make deposits in equal amounts during 4 tetramesters. Find the amount of each deposit.

Problem 2: The foreign students need $1,975 each month for 5 months to meet their personal expenses. Their parents are wondering, how much will they have to deposit now so that they can make their withdrawals at the end of each month, if the bank offers them a monthly interest rate of 2.89%?

Reference no: EM132935133

Questions Cloud

Demonstrate the added values provided by the reporting : Enforcing adherence to these standards, critique the current requirements and demonstrate the added values provided by these reporting formats to the users.
What are the important items on the income statement : If you had to analyze the non-consolidated accounts of a holding company of several industrial participations, which profit level would you focus on?
What is total number of shares available for subscription : Subscribed ordinary share P500,000; Share premium ordinary P100,000. What is the total number of shares available for subscription
Prepare gable statement of comprehensive income for the year : Gable reports its comprehensive income, Prepare Gable's statement of comprehensive income for the year ended December 31, 2021.
Find the amount of each deposit of a company : Find the amount of each deposit. how much will they have to deposit now so that they can make their withdrawals at the end of each month?
How will this event be handled or reported : Ignoring taxes, how will this event be handled/reported, if at all, in the financial statements for the year ended December 31, 2020
How much should the initial deposit be : A person wishes to receive $1000, If the bank account pays 8% per annum compoundable quarterly, how much should the initial deposit be?
Find how much should save each month to get the money needs : How much should he save each month to get the money he needs, if he is paid a rate of 24% per annum compounded monthly, and the deposits are made
Explain why a deferred tax liability should be recognised : Using the fundamental principle from paragraph 10 of IAS 12, explain why a deferred tax liability should be recognised in relation to the following scenarios

Reviews

Write a Review

Financial Accounting Questions & Answers

  Solve the depreciation expense at the end of year two

The firm hired a marketing team to analyze the viability of the product and marketing analysis cost. Calculate the depreciation expense at the end of year 2.

  What celia fabric current ratio indicates

Using the Industry average as a guide, Celia Fabric's current ratio for 2015 indicates that the business's ability to pay current debts is

  Draw the payoff diagrams after hedging the price

Draw the payoff diagrams after hedging the price. You should include the underlying position, futures position and the final position.

  Calculate the interest amounts

Complete the table below to calculate the interest amounts - Prepared an adjusting entry to record the accrued interest on the Lee note.

  Evaluate sales price per dozen pretzels

Evaluate sales price per dozen pretzels using 120% markup on variable cost and evaluate contribution margin per dozen pretzels and the breakeven point for the quarter (three months) in dollars and units

  What is the description and debit and credit

What is the description, post ref, debit, and credit. During the fiscal year Ebony Company had total sales of $4,350,000 of which cash sales was $1,725,000

  Prepare reorganized financial statements

Prepare reorganized financial statements.-  - Compute free cash flow.- Reconcile free cash flow to cash flow available to investors.

  What code violation have occurred in this case

The IRS filed a lien for non-payment of employee payroll taxes, which was published in a local newspaper. What code violation have occurred in this case

  Determine the future values of the ordinary annuities

Determine the future values of the ordinary annuities. The annuities described in parts a and b have the same amount of money paid into them during the 5-year

  Powder company listed the following stockholders

On January 1, 2010, the Powder Company listed the following stockholders equity section of its balance sheet:

  Determine the amount of operating cash flows

Determine the amount of operating cash flows the company will report as received from customers in the current year

  Determine for the balance of inventory

Compute for the balance of inventory. Inventory sold under a bill and hold arrangement, included in the stock of inventory in warehouse 20,000

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!

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