Buffon Electronics Company issues a $1,000,000, 10%, 20-year mortgage note on January 1. The terms provide for
Question:
Buffon Electronics Company issues a $1,000,000, 10%, 20-year mortgage note on January 1. The terms provide for semiannual installment payments, exclusive of real estate taxes and insurance, of $58,276. After the first installment payment, the principal balance is
a. $1,000,000
b. $983,034
c. $991,724
d. $779,125
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
c 991724 Computation of the First installment payment the principal bal...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Biju Company issues a 10%, 6-year mortgage note on January 1, 2014, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment...
-
Frazier Company issues a 10%, 5-year mortgage note on January 1, 2019, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment...
-
Frazier Company issues a 10%, 5-year mortgage note on January 1, 2022, to obtain fi - nancing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment...
-
Jacomo Companys output for the current period was assigned a $300,000 standard direct materials cost. The direct materials variances included a $44,000 favorable price variance and a $6,000 favorable...
-
As we know, if a soft drink can is shaken and then opened, the drink escapes violently. However, if after shaking the can we tap it several times with a metal spoon, no such "explosion" of the drink...
-
The accompanying diagram shows data for the interest rate on 10-year euro area government bonds and inflation for the euro area for 1996 through mid-2016, as reported by the European Central Bank....
-
The price of a share is \(\$ 100\). During the following six months the price can go up or down in a \(10 \%\) per month. If the risk-free interest rate is \(8 \%\) per year, continuously compounded,...
-
The Sterling Trust owns a business and generated $100,000 in depreciation deductions for the tax year. Mona is one of the income beneficiaries of the entity. Given the following information, can Mona...
-
A force at = 4.00 N - 3.00 N is applied to an object at position = 2.00 mi + 3.00 mi. What is the torque about the origin?
-
What is the Sharpe ratio of the best feasible CAL? A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund,...
-
You must choose between two passive investments. Investment A requires an initial investment of $50,000 but will return $71,000 in three years. Investment B requires an initial investment of $45,000...
-
Gardial Fisheries is considering two mutually exclusive investments. The projects' expected net cash flows are as follows: a. If each project's cost of capital is 12%, which project should be...
-
On September 1, 20X6 Perfect Ltd., a steel recycling company, purchased 90% of the issued voting shares of Loser Ltd., a distributor of sportswear, from an arms length person. Loser Ltd. had incurred...
-
For the system given below with the block diagram: a) Find the closed-loop transfer function C(s)/R(s) of the system when K = 0.025 and T = 10 seconds. b) By determining the natural frequency (w) and...
-
Required: Prepare the statement of profit or loss and other comprehensive income (by nature) and the statement of changes in equity for the year ended 31 October 2019 and statement of financial...
-
Based on the information provided pls answer the following questions: ? 1. What was the amount of total assets for RFC on December 31, 2013? 2. What was the amount of net income for RFC for fiscal...
-
q a alt N @ 2 - SHARK TANK WORKSHEET Business Ownership (Sales Presentations by Entrepreneurs to seek investors/partners) Be observant of the financial terms used during the Shark Tank Presentations...
-
Study problem-solving (decision- making) integrative case in the end of the textbook and prepare case study report following the four-step case study model introduced below.? Identifying problems...
-
Liquidated damages provisions are used when parties are not able to ascertain the exact damages attributable to a breach. True or False
-
If |62x|>9, which of the following is a possible value of x? A. 2 B. 1 C. 0 D. 4 E. 7
-
What is trade credit?
-
Which of the following events would normally cause revenue recognition, assuming use of accrual accounting and transfer of title on delivery? 1. Collection of cash from a customer 30 days after the...
-
Indicate if each of the following items would be recognized in TelCan Ltd.s financial statements for 20X3 and, if so, what elements would be recognized. For any items that would not be recognized,...
-
The independent auditor of Fluidity Inc. found the following situations: a. The company uses the straight- line method of measuring depreciation on manufacturing machinery, even though it knows that...
-
The GASB format cash flow statement Blank______. Multiple select question. includes cash received from investment income as an investing activity requires cash flows from operating activities to be...
-
Consider the data shown: 36 49 88 19 28 106 61 83 44 23 94 34 39 68 72 79 50 Find the five-number summary. Find the interquartile range. Draw a boxplot.
-
Mr. Jenkins builds Victorian dollhouses. He wants to carpet every room of a seven-room doll house. The square inches for each room are 120, 90, 64, 40, 56, 36, and 70. How many square inches of...
Study smarter with the SolutionInn App