Make an instalment payment schedule for first four payments

Assignment Help Financial Accounting
Reference no: EM132573189

Question 1: You qualify for a $9,000 loan from the Cullumber Student Loans Program to help finance your education. Once you graduate, you start repaying this note payable at an interest rate of 4.8%. The monthly cash payment is $94.58, principal and interest, for 120 payments (10 years). Make an instalment payment schedule for the first four payments

Reference no: EM132573189

Questions Cloud

Compute what would the annual yield to maturity be on bond : A few years ago, Spider Web, Inc. issued bonds, What would the annual yield to maturity be on the bond if you purchased the bond today?
Prepare journal entries to record the semi-annual interest : Prepare the journal entries to record the semi-annual interest on July 1, 2017, and December 31, 2017. Prepare the amortization schedule for the bonds
Strategic management research journal : Describe the role of strategic planning in achieving a competitive advantage. Evaluate the influence of ethics, social responsibility,
What are the consequences of bad netiquette in the classroom : How does netiquette relate to peer assessment? Why is it important to use good manners when leaving feedback? How do you feel about the feedback you received
Make an instalment payment schedule for first four payments : The monthly cash payment is $94.58, principal and interest, for 120 payments (10 years). Make an instalment payment schedule for the first four payments
What isthe firm took more hours than standard hours : What isThe firm took more hours than standard hours but controlled machine expenses and The firm controlled machine hours but incurred more expense
Prepare required journal entries to record transactions : The final instalment payment re (5) above is received and shares are issued. Prepare the required general journal entries to record these transactions
Contract and sues High-End Electronic : The High-End Electronic Store is located in a poor neighborhood. Sam Shyster is the sales manager at High-End Electronic.
Describing the smart and sustainable initiative : Describing the smart and sustainable initiative proposed in the project and the technology used. Students should then carry out further research on the project

Reviews

Write a Review

Financial Accounting Questions & Answers

  Large material and labour variances

when relatively large material and labour variances have been determined

  What entry do we make to record the entry

If you forgot to accrue interest payable and the books are closed for the period, what entry do we make to record the entry?

  Budgeting and financing the organisation

Week 5 Key Concept Exercise Budgeting and financing the organisation Print Page This week's Key Concept Exercise is intended to get you thinking about the use of budgeting in an organisation. There are many different types of budgets. This week, you ..

  Explain why deferred income taxes can be reported

Access the financial statements and related disclosure notes of Google Inc. from its website at investor.google.com. In Google's balance sheet, deferred income taxes in 2010 are reported as both a current asset ($259 million) and a noncurrent asset (..

  Compute basic earnings per share

The information below pertains to Barkley Company for 2015. Net income for the year $1,205,000 8% convertible bonds issued at par ($1,000 per bond); There is no treasury stock. The company also has common stock options (granted in a prior year) to pu..

  What is the amount shown as a cash inflow

If used equipment is sold at a gain, the amount shown as a cash inflow from investing activities equals the carrying amount of the equipment

  Illustrate consolidated sales and cost of goods sold

Intra-entity sales had the same markup as sales to outsiders. Skillet still had 40% of the intra-entity sales as inventory at the end of 2011. What are consolidated sales and cost of goods sold for 2011?

  Illustrate what is the amount of donna tax liability

Only one asset was sold during the year and Donna does not ahve any capital loss carryovers. Illustrate what is the amount of Donna's tax liability? What is thea mount of Donna's tax liability if the stock is held for 11 months?

  Journalize the january transactions

Journalize the January transactions and Journalize the adjusting entry at January 31 for the outstanding note payable. (Hint: Use one-third of a month

  Calculate npv and irr for both projects

Calculate average, variance and standard deviation for annual return column - compute the price for following bond with YTM of 5%

  Determine the amounts of the missing items

Determine the amounts of the missing items, identifying them by letter. (Suggestion: First determine the amount of increase or decrease in stockholders' equity during theyear.)

  Effects on the accounts and financial statements

Illustrate the effects on the accounts and financial statements of the January 29 and May 31 transactions.

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