User Account

All Pages

What amount will be in the sinking fund at the end years

Assignment Help Managerial Accounting
Reference no: EM132528681

Bates Company issued $1,200,000, 12-year bonds. It agreed to make annual deposits of $81,500 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 12 years. The deposits are made at the end of each year into an account paying 5% annual interest.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

Question 1: What amount will be in the sinking fund at the end of 12 years?

Reference no: EM132528681

Questions Cloud

What is the expected annual net cash inflow from operations : What is the net present value of the screen-printing equipment if Terry must earn a 15% return on the investment in the equipment?
List five functions in accounting system for credit purchase : List the five functions in the accounting system for credit purchases and payment cycle with a brief description of each function. Provide the suitable example.
Determine the net present value for this investment is : Determine The net present value for this investment is? The management of Tony Corporation is considering the purchase of a new machine costing $400,000
Find what is the firm margin of safety : Find What is the firm margin of safety?Selling price per unit (package of 2 CDs),Forecasted annual sales volume (120,000 units)
What amount will be in the sinking fund at the end years : What amount will be in the sinking fund at the end of 12 years? Bates Company issued $1,200,000, 12-year bonds. It agreed to make annual deposits
Calculate each of amount equivalent units of direct material : Calculate each of the amounts Equivalent units of direct material and conversion during June. Use the weighted average method.
Find how many units would abc inc sell in order to earn : Find How many units would ABC Inc. have to sell in order to earn operating income of $260,000?Selling price per unit (package of 2 CDs)
Calculate each of amount equivalent units of direct material : Calculate each of the amounts Equivalent units of direct material and conversion during June. Use the weighted average method.
How many fewer units would have to be sold to earn : If the selling price can be increased by 25% with a similar increase in variable costs, how many fewer units would have to be sold to earn $260,000?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find income under variable costing is

Production was 40 units per year in 2018-2020. Sales were 40 units in 2018, 36 units in 2019, and 44 units in 2020. Income under variable costing for 2019 is

  Produce a profit statement for each division detailing sales

Produce a profit statement for each division detailing sales and costs, separating external sales and inter-divisional transfers. Provide a brief commentary

  Calculate the profitability index for project

You have a project with the following cash flow stream (assume a 10% discount rate).  What is the profitability index of the project?  Is it acceptable? Calculate the profitability index for this project

  Determine the amount of direct material direct labor

Evaluate these costs, and determine the amount of direct material direct labor, factory overhead, and selling/general/administrative costs

  Cost and equity methods

Define the cost and equity methods or accounting for an investment. Under what circumstances would you use the cost or equity method of accounting for an investment?

  Weighted-average interest rate for interest capitalization

Bonita Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,004,000 on March 1, $1,284,000 on June 1, and $3,055,300 on December 31. Compute avoidable interest for Bonita Company...

  Calculate the profit-maximizing quantity of each firm

Consider a perfectly competitive market,Calculate The profit-maximizing quantity of each firm, The market quantity, The market producer surplus

  Prepare a cost of goods manufactured schedule

Prepare a cost of goods manufactured schedule, a partial income statement, and a partial balance sheet - What is the cash payback period for this proposal

  What is the minimum transfer price

The molding division is operating at full capacity. What is the minimum transfer price the Molding Division should accept?

  Journalize the entry to record the addition of direct labor

Create and Journalize the entry to record the addition of factory overhead to Work in Process for the period December 1 through December 15.

  Diagram for a sustainability balanced scorecard

sustainability balanced scorecard you think best portrays the idea of embedding (adding) sustainability to the traditional balanced scorecard that was covered

  Did laarner earn a return on the shares

Compute the net present value. (Hint: Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations)

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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