Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Thursday Bank made a loan of P5,000.00 to a borrower on January 1, 2011. The loan has a ten percent interest rate that is due yearly beginning December 31, 2011. The loan will be matured in five years, on December 31, 2015. Thursday Bank incurs a direct loan origination cost of P39,400 and an indirect loan origination cost of P10,000. In addition, Thursday charges an 8-point nonrefundable loan origination fee to the borrower. (Round off present value factors to four decimal places.)
Problem 1: What is the loan's effective interest rate?
a) 12.00%
b) 11.94%
c) 10.00%
d) 9.80%
Problem 2: In 2011, what is the interest income to be recognized?
a) P500,000
b) P555,138
c) P493,861
d) P556,728
Problem 3: As of Dec. 31, 2011, what is the carrying amount of the loan?
a) P5,000,000
b) P5,033,261
c) P4,696,128
d) P4,704,538
What is the amount and nature of Stephanie's capital gains and losses? In 2018, Stephanie had the following capital gains (losses) from the sale.
You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today?
Ada borrowed 3000 at 4,75% compounded semi-annually. She repaid the loan in 3 years and 10 months. Calculate the accumulated value at the end of the term
The Windsor Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do so, Windsor has decided to locate a new factory in the Panama City area. As the controller o..
Journalize the entry to record the current depreciation of the old equipment to the date of trade-in.
How much is the net ending balance of Property, Plant and Equipment? How much is the ending balance of Retained Earnings?
How much final tax must have been withheld by Vodka, Inc.? Mr. Seigfried, a resident citizen, received P100, 000 dividend income from Vodka, Inc.,
Grand Company uses a job-order costing system. The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year, manufacturing overhead and direct labor-hours were estimated at $80,000 and ..
Determine and Compute the mark-to-market value of the following long forward Australian Dollar (AUD) contract. The size of the contract is AUD 1,000,000
On the twentieth day of the month, room sales at the Motor Lodge Motel exceeded its breakeven point for the month. Revenue generated by room sales during the remaining days of the month will: decrease in proportion to the additional room sales.
If you had company with employees and wanted to offer fringe benefits to make it more attractive to work for you, what fringe benefits would you offer and why?
Prepare a three-year horizontal analysis of the income statement and balance sheet of your selected company. Discuss the importance and meaning of horizontal analysis. Discuss both the positive and negative trends presented in your company.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd