Find what was the amount of the final payment

Assignment Help Financial Accounting
Reference no: EM132905696

Problem 1: A debt of $4871.39 is repaid by payments of $1772.24 in 6 months, $888.33 in 15 months, and a final payment in 23 months. If interest was 4% compounded semi-annually, what was the amount of the final payment?

Reference no: EM132905696

Questions Cloud

How do journalize the withdrawal of sara : Journalize the withdrawal of sara assuming she receives $60,000 cash. Journalize the withdraw of sara assuming she receive $30,000.
Influential methodology to study social systems : Agent-based modeling has been applied in many domains. Why are they becoming an influential methodology to study social systems?
What is the monthly amount of depreciation required : Blue Company purchased a building for $100,000. What is the monthly amount of depreciation required to include in end of month adjusting entries?
Journalize payment of semi annual interest and amortization : Wilkes Mutual insurance company issued 100,000, Journalize the payment of semi annual interest and amortization of bond discount or premium on july 1, 2018.
Find what was the amount of the final payment : $888.33 in 15 months, and a final payment in 23 months. If interest was 4% compounded semi-annually, what was the amount of the final payment?
How much is the cost of the new building : How much is the cost of the new building?The entity began the self-construction of a new building on Jan 1, 2021 and the building was completed on June 30, 2022
Global perspective in management : Consider data mining from both a global perspective in the management of big data and the impact of data mining on individual organizations.
What is the total purchases for the period : What is the total purchases for the period. There are no unpaid selling and administrative expenses as of December 31. expenses are 15% of sales.
Particular type of testing : When is each type of testing appropriate? Are there situations that preclude the use of a particular type of testing?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What interest expense recognized for first semiannual

Bartlet Corporation's fiscal year end is June 30. The interest expense recognized for the first semiannual interest payment on January 1, 2020 is

  Transaction price for contract-sunland corp

Sunland Corp. enters into a contract with a customer to build an apartment building for $1,069,900. The customer hopes to rent apartments

  Prepare bank reconciliation statement

Matthew's Cash Book at 31 July 2016 showed a debit balance of RM2,500. After comparing the bank statement with the Cash Book, it was found that the balances did not agree. Complete the Cash Book and carry forward the adjusted balance. Prepare Bank Re..

  Which is not considered a stakeholder of an organization

Which is not considered a stakeholder of an organization? Which Stockholders can best be defined as? investors who lend money to a business for a short period

  Find how much money does albert son owe albert

Albert's son did not realize it, but his son signed a contract agreed to pay Albert, how much money does Albert's son owe Albert if owed 10.25 three months ago?

  Determine the carrying amounts of the right-of-use asset

ABC knows that the lessor expects a 10% return on the lease. Determine the carrying amounts of the right-of-use asset and lease liability

  Accept in order to maximize operating income

Assume an engineering company provides services for three types of clients. Each service requires a different amount of a specific form of specialized labor that is in limited supply. If the company is limited to 4,000 hours of this specialized labor..

  Allocation to the controlling and noncontrolling interests

Parson Company acquired 80% of Sonyi Corporation’s common stock for $72,000 in cash on January 8, 2016. At that date, Sonyi had $38,000 of reported net assets. Calculate the total goodwill and its allocation to the controlling and noncontrolling inte..

  What the total amount allocated to each partner for salaries

What the total amount allocated to each partner for salaries and net profit would be? If the salaries are recorded in the accounts of the partnership

  Calculate the mix and yield variances for direct labour

Calculate the mix and yield variances for direct labour - Analysts at Spring Break Ltd. have gathered the data

  How to discuss the pros and cons of the consultant proposal

How to Discuss the pros and cons of the consultant's proposal. What further justification should management demand before buying?

  Compute what will total dividend for year ended december

Evaluate What will be the total dividend for the year ended December 31, 2018, assuming that the number of shares remains unchanged?

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