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Problem 1: You wanted to buy property with Market Value of Php1.5million. The bank requires a 20% downpayment. The rest is amortized monthly for 20 years with an annual rate of 7.5%. How much of your monthly payment will be allocated to interest payment of the 5th month?
Problem 2: You wanted to buy a property with Market Value of Php 625,000. The bank requires a 20% downpayment. The rest is amortized monthly for 10 years with an annual rate of 5.75%. How much of your monthly payment will be allocated to principal payment on the 3rd month?
Problem 3: What is the monthly payment on a $350,000, 30 year mortgage if the mortgage rate is 10%?
How to account for the sale and leaseback in its financial statements if the office building were to be sold at the fair value of $10 million
ABC, Inc. purchased a crane on January. If ABC Inc. uses the straight line method of depreciation, what will be the depreciation expense for the crane in 2020?
What would be the need for external financing if the net profit margin went up to 9.5% and the dividend payout ratio was increased to 50%?
Ignoring operating expenses, what deferred tax liability would UML report in its year-end 2021 balance sheet
What was the corporation's net sales, cost of goods sold, and gross profit?- What was the corporate tax rate?- What was the corporation's net interest expense?
Iceberg Lounge, Inc., is an accrual basis corporation which reports on the calendar year. Oswald Cobblepot owns 90% of the stock (he cut Butch in) and has a stock basis of $90,000. On January 1 of the current year, Iceberg had accumulated E & P of $2..
On January 20, 2015, Tamira Nelson, the accountant for Picton Enterprises, is feeling pressure to complete the annual financial statements. Identify several courses of action that Tamira could have taken instead of the one she took. If you were in Ta..
Today Thomas deposited $130,000 in a three-year, 8% CD that compounds quarterly. What is the maturity value of the CD? A company issued $ 100,000 5-year, 7.00% bonds and received $ 101,137 in cash. The market rate of interest when the bonds were issu..
The adjusting entries involving Rent Receivable and Salaries Payable could be reversed. Write TRUE if statement is correct. Write FALSE if statement incorrect
Explain how many units must be sold each year to break even? C. How many units must be sold to make a profit of $144,000?
questionin its intial month of operation moraine company purchased 100 units of inven-tory for 6 then 200 units for 7
Journalize the July transactions for Myer Company. July 13. Purchased equipment for $41,000, paying $25,000 in cash and a note payable for the remainder.
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