User Account

All Pages

What was the cash price of the said property

Assignment Help Financial Accounting
Reference no: EM132642662

A certain property was purchased at an instalment basis wherein the buyer needs to pay 30% of the cash price as down payment. Remaining balance be paid within the period of two years in four payments at the end of every semi-annual. The first payment amounts to P525,000.00, second payment amounts to P600,000.00, third payment amounts to P470,000.00 and the last payment at an amount of P385,500.00. If money is worth 12% compounded quarterly,

Question a) what was the cash price of the said property?

Question b) What was the amount of the down payment?

Reference no: EM132642662

Questions Cloud

What Adjusting entry is necessary at December : A. a one-year insurance policy was purchased on November 1 for $2400. What Adjusting entry is necessary at December
What are the three categories of surveillance : Action and preservation of evidence is an important skill when at a crime scene. For this assignment, you will discuss the collection and preservation within.
What was the amount of the final payment : If the debtor wishes to pay all his debt after one year of payments, what was the amount to be paid? What was the amount of the final payment?
What information is missing that might explain increases : What information is missing that might explain some of the increases? What crimes should be analyzed a little closer in the hopes of finding a trend?
What was the cash price of the said property : A certain property was purchased at an instalment basis wherein the buyer needs to pay 30%, What was the cash price of the said property?
What are the factors that Pilgrim officials should evaluate : What are the factors that Pilgrim's officials should evaluate when making this decision (provide at least 3 factors)
What was equivalent rate of interest compounded quarterly : What amount of money would this account will have seven years from now? what was the equivalent rate of interest compounded quarterly?
What are the legal issues related to surveillance : What are the legal issues related to surveillance? Name a minimum of two, explaining why these might result in legal concerns? In addition, what steps must be.
How will this acquisition affect your audit plan : How will this acquisition affect your 2020 audit plan for A2B? Your answer should be supported by at least four factors

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the after-tax proceeds from sale of equipment

$1 million is sold for $2 milion. The tax rate is 40%. What is the after-tax proceeds from sale of equipment added to the free cash flow in the year of the sale

  February 700 units of sales 1900 units desired ending

february 700 units of sales 1900 units desired ending inventory2600-800 beginning inventory800 units to be produced 2

  Same in total as the number of units produced changes

Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes? The management of Favreau Corporation is considering the purchase of a machine that would cost $310,464 and would have a usef..

  Explain the role of positive cash flow over course of year

Relative to an entrepreneur owner of a small firm seeking to expand his/her geographic footprint, explain the role of positive cash flow over the course

  Calculate the balance in connecttas work in process

ACC200 INTRODUCTION TO MANAGEMENT ACCOUNTING T119 : King's Own Institute- Describe when it is appropriate for a company to use a job costing system.

  Translation and conversion are different

Translation and conversion are different. One is the physical exchange of one currency for another, and the other is the restatement of the currency in another form, such as British pounds, U.S. dollars, and Japanese yen.

  Receivable and doubtful accounts

ending balances in account receivable and doubtful accounts

  Compute the april inventory and the april cost of goods

Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Whispering Company uses a periodic inventory system

  Calculate the indicated ratios for barry

Calculate the indicated ratios for Barry. Round your answers to two decimal places - Construct the Du Pont equation for both Barry and the industry

  What is the estimated inventory on september

What is the estimated inventory on September 28, 2013, immediately prior to the fire - fire destroyed the entire merchandise inventory of Carroll Corporation.

  Calculate ebit at indifference point

Calculate EBIT at Indifference Point - if the company wants to raise Rs 50 lakh either by Ordinary Share (60%): 12 % Preference Share (10%)

  Prepare a determination and distribution of excess schedule

Prepare a determination and distribution of excess schedule for the investment (a value analysis is not needed). Prepare all the eliminations and adjustments that would be made on the 20X1 consolidated worksheet.

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