How much should be deposited at the end of each quarter

Assignment Help Financial Accounting
Reference no: EM132508564

Question 1: Flint Inc. wishes to accumulate $1,222,000 by December 31, 2030, to retire bonds outstanding. The company deposits $188,000 on December 31, 2020, which will earn interest at 12% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1,222,000 is available at the end of 2030. (The quarterly deposits will also earn at a rate of 12%, compounded quarterly.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Reference no: EM132508564

Questions Cloud

What would be the adjusting entry recorded on december : Assuming Janno records deferred expenses using the alternative? treatment, what would be the adjusting entry recorded on December? 31, 2019?
Contrast them to help the classmate understand : Compare and contrast them to help the classmate understand.
Chemical equation for the reaction of baking soda : The chemical equation for the reaction of baking soda (sodium bicarbonate, NaHCO3) and vinegar (acetic acid, CH3COOH) may be written
Touring process : The associated suppliers, inputs, process steps, outputs, customers, the measurement systems, and how the measurements are used to manage and improve process.
How much should be deposited at the end of each quarter : In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1,222,000 is available
What would be the adjusting entry recorded on december : Assuming Janno records deferred expenses using the alternative? treatment, what would be the adjusting entry recorded on December? 31, 2019?
Prepare the complete equity section of the balance sheet : Prepare the complete 12/31/18 Equity section of the balance sheet. Prepare the 12/31/18 journal entry to adjust the investment.
Playing field in the legislative marketplace : The public interest theory focuses on efficiency in the market and the special interest theory levels the playing field in the legislative marketplace.
Would solid nacl conduct electricity : Would solid NaCl conduct electricity? Why did the salt make the water more conductive to electricity?

Reviews

Write a Review

Financial Accounting Questions & Answers

  The accrual basis of accounting

The accrual basis of accounting:

  Compute the amount of interest that agasse would capitalize

Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2013. Agasse made payments to the general contractor of $400,000 on April 1, $900,000 on August 31, and $500,000 on December 31. Comput..

  Calculate the mean of the data set

Suppose the following data set represents the starting salaries for the population of teachers from seven states:

  The gross margin

Nikkel Corporation, a merchandising company, reported the following results for July: The gross margin for July is:

  Financial management goes far beyond accounting

What operational issues impact financial management? How can a business use efficiency to impact their profitability?

  The bond premium was amortized on straight-line basis

On January 1, 2011, F Corp. issued 2,800 of its 9%, $1,000 bonds for $2,884,000. These bonds were to mature on January 1, 2021, but were callable at 101 any time after December 31, 2014. Interest was payable semi annually on July 1 and January 1. On ..

  Prepare the journal entries in books of salman company

ACCT 302 Advanced Financial Accounting Assignment, Saudi Electronic University, Saudi Arabia. Prepare the journal entries in books of SALMAN company

  Discuss the factors that the ceo should consider in deciding

Discuss the factors that the CEO should consider in deciding whether to outsource the marketing research function. Gizmo, Inc. is a diversified multinational

  What is the average return on the stock over the five-year

What is the average return on the stock over this five-year period? The inflation rate is 1.02%. What is the risk premium on Stock A?

  Calculation of break even sales using cvp formulathe

calculation of break even sales using cvp formula.the following are the monthly fixed expenses for peyton traveloffice

  What is the ocf for the project

The project is estimated to generate $1,696,000 in annual sales, with costs of $659,000. If the tax rate is 23 percent, what is the OCF for this project?

  Advantage of the discount

what date must the invoice be paid in order for the buyer to take advantage of the discount

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