Joan borrowed $15 000 to buy a car. She repaid $2000 two months later and $5000 seven
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
PV 15 00000 I Y 7 C Y 12 712 0583 000583 n 2 FV 15 00000100583 2 15 000001011701 15 1755...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
A variable rate demand loan showed an initial balance of $12 000, payments of $5000 after 18 months, $4000 after 30 months, and a final payment after 5 years. Interest was 11% compounded...
-
Nancy borrowed $8000 from her grandfather to buy a car when she started college. The interest rate being charged is only 4.5% compounded monthly. Nancy is to make the first $200 monthly payment on...
-
To travel to her new job, Dharshana required a car. Reading the newspaper, she noticed an ad for an Acura TSX. It was just the vehicle she wanted. The ad quoted both a cash purchase price of $37 500...
-
Download a copy of the ACFE Compensation Guide for Anti-fraud Professionals, which is available at no charge at: www.acfe.com/documents/2008-comp-guide.pdf. Based on this resource, answer the...
-
Explain each type of competency required by a responsible manager: domain, procedural, social, and self-competencies. Provide an example for each type of competency.
-
Consider the following information for Huntersville Incorporated for the fiscal year ended December 3 1 . Depreciation expense administrative office $ 3 5 , 8 5 0 Depreciation expense plant and...
-
Explain the significance of collection class and provide two examples.
-
Melody Abington decided to open Melodys Nail Spa. Melody completed the following transactions: 1. Invested $19,000 cash from her personal bank account into the business. 2. Bought store equipment for...
-
What role does technology-enabled organizational design play in facilitating virtual collaboration, remote work arrangements, and geographically dispersed team dynamics, and how can organizations...
-
Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30. The following information is available: Deacon Company Balance Sheet March 31 Assets...
-
A demand loan of $3000 is repaid by payments of $1500 after two years, $1500 after four years, and a final payment after seven years. Interest is 9% compounded quarterly for the first year, 10%...
-
A variable rate demand loan showed an initial balance of $9000, payments of $2500 after 6 months, $2500 after 21 months, and a final payment after 4 years. Interest was 8% compounded quarterly for...
-
Air enters a constant-area duct with \(M_{1}=2.95\) and \(T_{1}=500^{\circ} \mathrm{R}\). Heat transfer decreases the outlet Mach number to \(M_{2}=1.60\). (a) Compute the exit static and stagnation...
-
The unstretched length of the spring is 0.4 m.When the 50 kg mass is suspended at B, the length of the spring increases to 0.45 m. What is the spring constant k? (Figure 1) Express your answer with...
-
HCO Company would like to determine the start dates for tasks that they need to work on. Set a spreadsheet that accepts as inputs an end date and the number of working days for a task. HCO Company...
-
1. Establish an employee earnings record for each of the company's four employees. Complete the top portion of each record.
-
The following information relates to Fleete Co. for the year 2020. $18,000 Advertising expense 0 100 900 Investment by owner Owner's capital, January 1, 2020 Salaries and wages expense Withdrawals by...
-
The financial statements of Plate Limited for the financial year 1 are as follows: Statement of Financial Position at 31 December Year 1 Sm ASSETS Non-Current Assets Intangible assets Tangible assets...
-
Perform the indicated operations and simplify. When exponents are used, use only positive exponents in the result. 8ax - 4ax4 -2ax
-
The swap spread is the difference between the swap rate and the equivalent-maturity Treasury bond yield. Explain why a widening swap spread may be a signal of deteriorating economic conditions. Plot...
-
Find the trade discount or net price as indicated. Round to the nearest cent. Single discount rate 10% Trade discount List price L. $48 2. $100 12% 3. $425 15% 4. $24.62 $5.93 5. $0.89 $0.12
-
Find the decimal equivalents of complements, net decimal equivalent, and net price. Round to the nearest cent. Decimal equivalents of complements Net decimal equivalent List price Trade discount...
-
How much would have to be paid on an invoice for $328 with terms of 2/10 ROG if the merchandise invoice is dated January 3, the merchandise arrives January 8, and the invoice is paid (a) January 11;...
-
what ways do individuals navigate and negotiate their identities within the complex matrix of socialization processes, considering factors such as ethnicity, gender, and socioeconomic status ?
-
Discuss in three paragraphs how a bank can decrease its labor expense to to improve its risk/return profile. give correct answer with explanation in long.
-
discuss the concept of resocialization and its significance in situations where individuals undergo significant life transitions or experiences that challenge their existing social identities and...
Study smarter with the SolutionInn App