a. Two years ago your firm took out a 30- year amortizing loan to purchase a small office building. The loan has a 4.80% APR with monthly payments of $2623.33.
i. How much do you owe on the loan today? (4 points)
ii. How much interest did the firm pay on the loan in the past year? (5 points)
iii. Suppose starting next year (fourth year) the loan rate jumps to 7.2% APR. What is the remaining balance? What will be the monthly payment? (6 points)
Answers
Answer:
i. How much do you owe on the loan today?
remaining principal balance = $484,331.31ii. How much interest did the firm pay on the loan in the past year?
during year 2, $23,458 was paid in interests ($28,833.33 was paid in interest during year 1).iii. Suppose starting next year (fourth year) the loan rate jumps to 7.2% APR. What is the remaining balance? What will be the monthly payment?
the remaining balance at the beginning of year 4 is $475,916the new monthly payment will be $3,375.72Explanation:
I prepared two amortization schedules using an excel spreadsheet. The principal on the loan was $500,000. The first one has a fixed 4.8% APR for the whole 30 years. In the second one, the APR changes to 7.2% at the beginning of year 4.
Related Questions
You were hired as a consultant to Kangaroo Corporation, whose target capital structure
is 30% debt, 5% preferred, and 65% common equity. The before-tax cost of debt is
9.55%, the yield on preferred is 8.75%, and the cost of retained earnings is 14.00%.
The tax rate is 35%.
1. What is the company's WACC?
Answers
Answer: 11.4%
Explanation:
The weighted average cost of capital (WACC) is used by companies to calculate their cost of capitsk. It should be noted that a weight is assigned to every category of capital that's utilized.
Sources of capital, such as bonds, common and preferred stock, etc are included when the WACC is being calculated.
The WACC for the company is 11.4%. Check the attachment for more details.
the upper part of the sewing machine head being driven by hand when starting the machine
Answers
Answer:
I think its the Arm
Explanation:
(a) Explain the quantity theory and
(b) how does the theory explains the cause of inflation
Answers
It assumes an increase in money supply creates inflation and vice versa.
What will happen in the market for wine if the price of cheese increases (wine and cheese are complements)?
Answers
If wine and cheese are complement goods, when the price of cheese increases, the demand for wine would decrease.
What are complement goods?Complement goods are goods that are consumed together. An example of complement goods are bread and jam.
According to economic theory, there is an inverse relationship between price and the quantity demanded. When the price of one of the complement good increases, it would become more expensive to consume the good. Thus, there would be a decrease in demand for that good. As a result of the decrease in quantity demanded, there would b a decrease in demand of the other complement good.
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How is it possible for a company to show positive net income but go bankrupt? Give one example.
Answers
Why does the scientific method not follow an exact order?
Answers
Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
What is an scientific method?Making an observation, formulating a hypothesis, making a prediction, carrying out an experiment, and then evaluating the findings are the fundamental steps. The scientific method's principles can be used in various contexts, including business, technology, and scientific study.
A set of steps are used in the scientific process to establish facts or generate knowledge. The general procedure is generally known, but depending on what is being examined and who is performing it, each step's specifics may alter. Only questions that can be tested and either proven true or false can be answered using the scientific method.
Therefore, Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
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Visit two different companies in ghana with opposing pay-out policies ( where one pays low and the other pays high).Find out from their Management some real- world factors influencing their choice of pay-out policy
Answers
A company that is experiencing high growth and has many profitable investment opportunities may choose to retain earnings and reinvest them back into the business rather than paying out dividends.
Some shareholders prefer to receive dividends while others are more interested in capital appreciation. Companies may take into account their shareholder base and their preferences when deciding on a pay-out policy.
For example, companies in the utility sector may pay out a higher proportion of their earnings as dividends compared to companies in the technology sector.
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g Dan Watson started a small merchandising business in Year 1. The business experienced the following events during its first year of operation. Assume that Watson uses the perpetual inventory system. Acquired $30,000 cash from the issue of common stock. Purchased inventory for $18,000 cash. Sold inventory costing $15,000 for $32,000 cash. Required a. Record the events in general journal format. b. Post the entries to T-accounts. c. Determine the amount of gross margin. d. What is the amount of net cash flow from operating activities for Year 1
Answers
Answer:
a. Journals
Cash $30,000 (debit)
Common Stock $30,000 (credit)
Cash in Exchange of Common Stock
Inventory $18,000 (debit)
Cash $18,000 (credit)
Cash Purchase of Inventory
Cash $32,000(debit)
Cost of Sales $15,000 (debit)
Sales Revenue $32,000 (credit)
Inventory $15,000 (credit)
Sale of Inventory on cash basis
b. T - Accounts
Cash Account
Debit :
Common Stock $30,000
Sales Revenue $32,000
Credit :
Inventory $18,000
Balance $44,000
Common Stock
Debit :
Balance $30,000
Credit :
Cash $30,000
Balance
Inventory
Debit :
Cash $18,000
Credit :
Cost of Sales $15,000
Balance $3,000
Sales
Debit :
Balance $32,000
Credit :
Cash $32,000
Cost of Sales
Debit :
Inventory $15,000
Credit :
Balance $15,000
c. Gross Margin = $17,000
d. net cash flow from operating activities for Year 1 = $14,000
Explanation:
Gross Margin = Sales - Cost of Sales
= $32,000 - $15,000
= $17,000
Net Cashflow from Operating Activities
Cash Paid to Suppliers ($18,000)
Calculation :
Cost of Sales $15,000
Add Increase in Inventory $3,000
Cash Paid to Suppliers $18,000
Cash Receipts from Customers $32,000
Net Cash From Operating Activities $14,000
Wat is the main advantage of using The Sentence Method
Answers
According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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What is 30% of 3/5
Answers
Answer: Solution for What is 30 percent of 3/5
30 percent *3.50 =
(30:100)*3.50 =
(30*3.50):100 =
105:100 = 1.05
Now we have: 30 percent of 3.50 = 1.05
Question: What is 30 percent of 3.50?
Percentage solution with steps:
Step 1: Our output value is 3.50.
Step 2: We represent the unknown value with $x$x.
Step 3: From step 1 above,$3.50=100\%$3.50=100%.
Step 4: Similarly, $x=30\%$x=30%.
Step 5: This results in a pair of simple equations:
$3.50=100\%(1)$3.50=100%(1).
$x=30\%(2)$x=30%(2).
Step 6: By dividing equation 1 by equation 2 and noting that both the RHS (right hand side) of both
equations have the same unit (%); we have
$\frac{3.50}{x}=\frac{100\%}{30\%}$
3.50
x=
100%
30%
Step 7: Again, the reciprocal of both sides gives
$\frac{x}{3.50}=\frac{30}{100}$
x
3.50=
30
100
$\Rightarrow x=1.05$⇒x=1.05
Therefore, $30\%$30% of $3.50$3.50 is $1.05$
Explanation:
Answer: 2
Explanation:
30% 0f that number works out to be 3/5
30/100 * x = 3/5
isolate x by multiplying on both sides by 100/30
100/30 * 30/100 *x = 100/30 * 3/5
x = 20/10 = 2
Treat it as direct proportion
3/5 = 0.6
so,
x/100 = 0.6/30
x = 100*0.6/30
x = 2
Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should
Answers
Answer: invest in US savings bonds because of its short term.
Explanation: Investing in savings bonds will help Julie get more money so she can buy her car but at the same time have more money. Julie can get her money out in no time if she needs it and she'll have bigger profits.
Answer:
Its B
Explanation:
2022 edge
sollution for marketing in challenging times
Answers
Answer:
Keep your customers informed.
Reassure your customers.
Explain what you have to offer.
Send special offers via email.
Be personal.
Educate your customers.
Meet virtually.
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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Most products are well suited to distribution by high-speed digital transmission.
True
False
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Explain how supply and demand is relevant to wages,rent, or food cost in Charles and Ebony's budget
Answers
The forces of supply and Demand will influence the wage, food cost and rent of Charles and Ebony's budget because they will determine how much is spent or allocated for the various expenses.
What is the Demand and Supply?
Demand and supply is an economic principle that describes the ways good and services are transacted in an open market.
This means that if all economic factors remain constant, the price for a unit of a product or other traded commodities such as labor or liquid financial assets, will continue to shift or adjust until it meets at a point where the quantity which is demanded in a market at the current price will equal the quantity supplied at the current price.
This adjustment will result in an economic equilibrium for price of the commodity and the quantity of that commodity transacted.
Therefore, for Charles and Ebony's budget, the amount allocated to wages, rent and food cost will continue to adjust until they are able to purchase at a given market price based on the forces of demand and supply.
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resource demand curves slope downward because multiple choice in perfectly competitive markets, the lower the price, the greater the output. of the diminishing marginal product of the resource. of economies of scale. of the diminishing marginal cost of the resource.
Answers
Resource demand curves slope downward of the diminishing marginal product of the resources.
When managing productivity, managers frequently take into account the law of diminishing marginal productivity. It often states that benefits achieved from small improvements on the input side of the production equation will only advance marginally per unit and may level out or even drop beyond a certain point.
When advantageous modifications are made to input variables that affect overall production, marginal productivity often decreases.
According to the law of declining marginal productivity, the productivity gained from each subsequent unit produced once a factor of production is improved will only slightly increase from one unit to the next.
When enhancing variable inputs for greater production and profitability, production managers take the law of declining marginal productivity into account.
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Jasmine (29) is filing as a single taxpayer. In 2019, she received income from the following sources:
$36,000 in wages.
Unemployment income of $4,320.
$500 in gambling winnings from a winning lottery ticket.
Jasmine also paid $2,100 in eligible student loan interest during the year. She will claim the standard deduction.
Use Schedule 1 (Form 1040), Additional Income and Adjustments to Income.
Answers
Answer:
$38,720
Explanation:
From the given information:
Using Schedule 1 (Form 1040), Additional Income & Adjustment to Income.
The taxable income can be determined as follows:
Particulars Form Amount($)
Wages (Form 1040, Line 1) 36,000
Add: Unemployed Income Schedule 1, Line 7 4,320
Add: Gambling winning Schedule 1, Line 8 500
Total Income $40,820
Less: Student loan Interest Schedule 1, Line 20 2,100
Taxable income $38,720
What happens when borrowers don't repay those loans? Who suffers?
mm
Answers
Answer:
the borrowers they get charged more
An IRB may suspend or terminate an ongoing clinical study if:
Answers
An IRB may suspend or terminate some or all research activities on a protocol if events are identified that represent serious or continuing noncompliance or unanticipated problems involving risk to subjects or others.
IRB Chair or his/her/their designee has the authority to suspend some or all research activities if exceptional participant safety issues are identified. This authority is only exercised if an action is required prior to a convened meeting and it is not feasible to assemble an emergency meeting.
IRB Chair or his/her/their designee has the authority to suspend some or all research activities if exceptional participant safety issues are identified. This authority is only exercised if an action is required prior to a convened meeting and it is not feasible to assemble an emergency meeting.
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At the beginning of the current period, Marin Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period, it had net credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,000 at the end of the period. (Omit cost of goods sold entries.)
Account Titles and Explanation
(A) Accounts Receivable DR - 864,300
Sales Revenue CR - 864,300
(B) Cash DR - 687,610
Accounts Receivable CR - 687,610
(C) Allowance for Doubtful Accounts DR - 6,804
Accounts Receivable CR - 687,610
Cash DR - 3,219
Accounts Receivable CR - 3,219
(D) Bad Debt Expense DR - 18,075
Allowance for Doubtful Accounts CR - 18,075
!!QUESTION!!:
Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.
Ending balance in Accounts Receivable: $?
Ending balance in Allowance for Doubtful Accounts: $?
Answers
The ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.
What does Accounts Receivable mean?Accounts Receivable refers to the amount of money owed to a company by its customers for goods or services that have been sold but not yet paid for. In other words, it represents the company's right to receive payment from its customers. Accounts Receivable is considered an asset on the company's balance sheet and is often a significant component of a company's working capital. As customers make payments on their outstanding balances, the amount in Accounts Receivable decreases, and the amount of cash on the company's balance sheet increases.
To determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts, we need to take into account all the transactions that occurred during the period.
Beginning balance in Accounts Receivable: $196,800
Add: Net credit sales: $864,300
Less: Collections: ($687,610)
Less: Write-offs: ($6,804)
Add: Recovery of previously written-off account: $3,219
Ending balance in Accounts Receivable: $369,905
Beginning balance in Allowance for Doubtful Accounts: ($9,510)
Less: Write-offs: $6,804
Add: Bad debt expense: $18,075
Ending balance in Allowance for Doubtful Accounts: $1,761
Therefore, the ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.
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Locke Inc has a machine that installs tires. The machine is now in need of repair. The machine originally cost $10,000 and the repair will cost $1,000, but the machine will then last two years. The labor cost of operating the machine is $0.50 per tire. Instead of repairing the old machine, Locke could buy a new machine at a cost of $5,000 that would also last 2 years; the labor cost would then be reduced to $0.25 per tire.
Required:
Should Williams repair or replace the machine if it is installing 10,000 tires in the next two years?
Answers
Answer: William should replace the machine with a new one because over that 2 year span he will be losing less money, if he were to repair he would lose more money.
Explanation:
7. IV flow rate (gtt/min) The nurse is caring for a client prescribed DSXNS IV to infuse at 125 ml/hr. There is a gravity set available with a drop factor of 15 gtt/ml. How many gtt/min will the nurse administer? gtt/min
8. Completion (infusion) time (using military time) The nurse is caring for a client prescribed DSLR IV at 100 ml/hr. The day shift nurse hangs a new 1-liter bag of DSLR at 100 ml/hr at 1100. At what time will a new bag of DSLR need to be hung? (Answer in military ti
Answers
7. To calculate the IV flow rate in gtt/min, the nurse needs to first convert the prescribed hourly rate of 125 ml/hr to ml/min by dividing by 60 (minutes in an hour). This gives a rate of 2.08 ml/min.
To determine the number of drops per minute, the nurse then multiplies the ml/min rate by the drop factor of the gravity set.
Which is 15 gtt/ml. This gives a flow rate of 31.25 gtt/min. Therefore, the nurse will administer 31.25 gtt/min for the DSXNS IV infusion.
8. To calculate the completion time for the DSLR infusion, the nurse needs to first determine the infusion rate in ml/min by dividing the prescribed hourly rate of 100 ml/hr by 60. This gives a rate of 1.67 ml/min. The nurse then needs to calculate the time it will take for the 1-liter bag to infuse by dividing the total volume of the bag (1000 ml) by the infusion rate (1.67 ml/min). This gives a completion time of approximately 600 minutes or 10 hours. Therefore, a new bag of DSLR will need to be hung at 2100 military time (11:00 + 10 hours = 21:00).
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What is the best way to experience what it's like to work in a field that interests you?
O Watch a movie that features a main character working in that field.
O Get an internship in that field
O Look up information about the field on the Bureau of Labor Statistics Web site.
O Gather ideas from your friends about the field.
Answers
Answer:
O Get an internship in that field.
Explanation:
Depending on one's interest, there are numerous ways by which one can get an experience of such a field. One of the most exciting and first-hand means of getting to experience is to be an intern in that field.
An internship is the temporary employment of a person by a company that allows the person to learn and be familiar with the workings of the company or field. In such a manner, the intern is made a part-time employee where he/ she learns, be familiar, and also get more knowledge about the workings of that place.
Thus, the best way to experience working in a field that one likes is to get an internship in that field.
At December 31, before adjusting and closing the accounts had occurred, the Allowance for Doubtful Accounts of Seaboard Corporation showed a debit balance of $3,200. An aging of the accounts receivable indicated the amount probably uncollectible to be $2,100. Given this information, write the year-end adjusting entry for Seaboard Corporation in Journal Entry format.
Answers
Answer:
Debit to Uncollectible Accounts Expense of $5,300.
Explanation:
Based on the information given the year-end adjusting entry for Seaboard Corporation in Journal Entry format will be DEBIT TO UNCOLLECTIBLE ACCOUNTS EXPENSES OF $5,300.
Uncollectible Accounts Expense=Allowance for Doubtful Accounts +Accounts receivable Uncollectible
Uncollectible Accounts Expense=$3,200+$2,100
Uncollectible Accounts Expense=$5,300
A transportation app developer knows that the commute times for a specific route follow an approximately normal distribution with a mean of 30 minutes and a standard deviation of 6 minutes. Using the norm.dist() function in excel, the developer has calculated the following probabilities for specific commute times. Probability Calculations P (Commute < 16.04) = 0.01 P (Commute < 20) = 0.048 P (Commute < 20.13) = 0.05 P (Commute < 25) = 0.202 P (Commute < 35) = 0.798 P (Commute < 39.87) = 0.95 P (Commute < 40) = 0.952 P (Commute < 43.96) = 0.99 9. What is the probability that a commute is between 25 and 40 minutes? 10. Name the two values (don’t round), equidistant from the mean of 30 minutes, such that 90% of all commute times are between these values?
Answers
9. Probability (between 25 and 40 minutes) = 0.75.
10. Two values are 18.3 minutes (lower value), and 41.7 minutes (upper value)
For the probability that a commute is between 25 and 40 minutes, calculate the difference between the cumulative probabilities of the upper and lower bounds.
P(25 < Commute < 40) = P(Commute < 40) - P(Commute < 25)
Using the given probability values:
P(25 < Commute < 40) = 0.952 - 0.202
P(25 < Commute < 40) = 0.75
Therefore, the probability that a commute is between 25 and 40 minutes is 0.75.
10. To find the two values equidistant from the mean of 30 minutes such that 90% of all commute times are between these values, calculate the corresponding z-scores.
Since the data follows an approximately normal distribution, use the z-score formula:
z = (x - μ) / σ
Where:
z is the z-score
x is the value
μ is the mean
σ is the standard deviation
To find the z-scores corresponding to the cumulative probabilities, use the norm.inv() function in Excel.
The z-score for the lower value, which corresponds to the 5th percentile (0.05 cumulative probability), is given by:
z1 = norm.inv(0.05, 0, 1)
The z-score for the upper value, which corresponds to the 95th percentile (0.95 cumulative probability), is given by:
z2 = norm.inv(0.95, 0, 1)
Now, find the corresponding commute times by rearranging the z-score formula:
x = z * σ + μ
Using the given mean (μ = 30) and standard deviation (σ = 6):
For the lower value:
x1 = z1 * σ + μ
For the upper value:
x2 = z2 * σ + μ
Calculating the values:
For the lower value:
x1 = norm.inv(0.05, 30, 6) ≈ 18.3 minutes
For the upper value:
x2 = norm.inv(0.95, 30, 6) ≈ 41.7 minutes
Therefore, the two values (without rounding) equidistant from the mean such that 90% of all commute times are between them are 18.3 minutes & 41.7 minutes
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Justin builds fences for a living. Justin's out-of-pocket expenses (for wood, paint, etc.) plus the value that he places on his own time amount to his a. profit. b. producer surplus. c. cost of building fences.
Answers
Answer:
c. Cost of building fences.
Explanation:
The cost of production encompasses the money spend as well as the time to produce a commodity. For example, if a person spends $15 to make a juice cup and invest 1 hour to make so the total cost of production is $15 and the time invested by the producer. Thus, option "c" is correct.
Which of the following is NOT a feature in the Formulas menu of the Macabacus Excel add-in? Review Later Summary Statistics Error Wrap Quick CAGR Formula Flow
Answers
The following that is NOT a feature in the Formulas menu of the Macabacus Excel add-in is Formula Flow. This is further explained below.
What is Formula Flow?Generally, The formula for the volumetric flow rate is as follows: Vf = A*v, where A is the cross-sectional area and v is the flow velocity.
In conclusion, Macabacus is an Excel add-in that has many useful features, but Formula Flow is not one of them.
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The BEST way to __________________ a customer is right then and there at that moment!
Answers
Answer:
serve
Explanation:
hope that helps
(-)
identify each CSTO from its description
Answers
PAS
National FFA
NYFEA
I hope it helps