On September 1, Sheehan Inc. signed a 5.5% mortgage (installment) note for $340,000. The monthly payment of
Question:
Transcribed Image Text:
Amortization Table Monthly Unpaid Balance Payment Unpaid Balance at Interest Reduction in Date Beginning of Month Payment Expense Principal of Debt at End of Period Sep. 30 340000 2000 -18700 340000 338000 Oct. 31 338000 2000 336000 Nov. 30 336000 2000 334000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Calculation of interest Interest for September 340000x 55 18700 12 1558 Int...View the full answer
Answered By
KHAWAR MAHMOOD ZAFAR
I am GURUPRASATH M, final year student pursuing my Bachelor's in Computer Science and Engineering with an emphasis in Cybersecurity and Networking at Vel Tech Rangarajan Dr. Sagunthala R&D Institute of Science and Technology, Tamil Nadu, India. I will graduate in June,2023, with a Bachelor’s degree in Computer Science and Engineering (B.Tech. CSE).
I feel proud to share that I am one of the best students in my class who has a desire to learn many new things in my field. During my initial career, I got an opportunity to gain enough knowledge and experience in my classroom, workshops, and in my practice sessions. I find cybersecurity and the networking field more interesting and practically satisfying. Subjects I like a lot are penetration testing, network security, cyber forensics. I have also participated thoroughly from the past 2 years to improve my understanding and mastery of the subjects, and have greatly enjoyed this process. I also have a surplus interest in exploring various core domains of Computer Science and Engineering such as Artificial Intelligence (AI), Machine Learning (ML), and data science too.
During my study, I have parallelly participated in various workshops, internships and certification courses too, which helps me a lot in acquiring field specific knowledge. I have completed various courses offered by CISCO such as Introduction to Cybersecurity, Introduction to Packet Tracer, Introduction to IoT, CCNA: Introduction to networks, Cybersecurity Essentials. And I have completed a few online certification courses such as developing an android app with MIT app inventor in COURSERA and Cyber Network Security in CYBRARY. I have attended a two days Cyber Security-Ethical Hacking hand-on workshop conducted by IIT MADRAS, where I have handled an awesome practical session with the help of a supervisor. In the past semester I have completed a virtual internship on cybersecurity offered by AICTE, where I have gained field specific skills.
We have published a research paper on the domain of Artificial Intelligence. We have submitted our research paper at ICTCS. When working with paper, I did not have any idea about where to begin and was stuck in plenty of stages. However, I thought of taking help from one of my faculty members and this turned out really well. In the end, I got appreciated for my achievement by the faculty members. From the experience, I learned giving up isn’t a good idea, for each and every problem there is a solution. My research will be an experimental determination for AI and ML. In the past semester I did various value-added courses like NVIDIA Deep Learning certification, Process Mining by celonis, AWS, RPA by BLUE PRISM, Palo Alto, and Linux automation by Red Hat.
I came across your company while exploring the major organization in my field of interest and it seems to be the right fit for me. Moreover, I would get the perfect opportunity to gain hands-on experience in areas where my interest lies. I possess the required attributes along with great academic achievement related to the industry. I request you to have a look at my LinkedIn profile at https://www.linkedin.com/in/gurupranan .
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Corporate Finance questions
-
1. Which of the following combinations correctly describes the relationship between foreign currency transactions, exchange rate changes, and foreign exchange gains and losses? .:. 2. In accounting...
-
On July 1, 2012, the Fitzgerald Corp. bought a machine for use in operations. The machine has an estimated useful life of six years and an estimated residual value of $ 2,500. The company provided...
-
On August 15, 2003, Wilbert Heikkila signed an agreement with Kangas Realty to sell eight parcels of Heikkilas property. On September 8, 2003, David McLaughlin met with a Kangas agent who drafted...
-
In the Tokyo subway system, routes are labeled by letters and stops by numbers, such as G-8 or A-3. Stations allowing transfers are sets of stops. Find a Tokyo subway map on the web, develop a simple...
-
Two identical conducting spheres each having a radius of 0.500 cm are connected by a light 2.00-m-long conducting wire. A charge of 60.0 %C is placed on one of the conductors. Assume that the surface...
-
Mark each statement. Justify each answer. In each part, A represents an n x n matrix. (T/F) A positive definite quadratic form can be changed into a negative definite form by a suitable change of...
-
The following transactions occurred between Retro Furniture and E & S Furniture Warehouse during October of the current year: Requirements 1. Journalize these transactions on the books of Retro...
-
Using the data given in Problem 2-6, assume that Aron Company purchases 80% of the common stock of Shield Company for $320,000 cash. The following comparative balance sheets are prepared for the two...
-
Workshop 7 (week 8): The cost of hedging against the 'unknowns' In this workshop we want you to work out the cost of hedging the tail risk (the 'unknowns') of a trading portfolio. Note that banks can...
-
You work for ConstCo, a medium-sized engineering and construction company with annual profits of about $100 million. You recently entered as a contractor into a bidding process for a large...
-
On October 1, 2015, Holt Company places a new asset into service. The cost of the asset is $120,000 with an estimated 5-year life and $30,000 salvage value at the end of its useful life. What is the...
-
Pouch Corporation acquired an 80% interest in Shenley Corporation on January 1, 2014, when the book values of Shenley's assets and liabilities were equal to their fair values. The cost of the 80%...
-
What is the target market and how does it differ from the other types of markets (TAM, SAM, PM)?
-
Consider a version of Solow's Model: Y = AKL-a SY K+1 K++8Kt Lt = Lo(1+n)t 1 a) Rewrite the production function and the equation of capital accummulation using variables normalized by the units of...
-
The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $190,000...
-
Assume the random variable X is normally distributed, with mean = 54 and standard deviation = 8. Find the 7th percentile. The 7th percentile is (Round to two decimal places as needed.)
-
Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $10,500 cash and $45,150 of photography equipment in the company in exchange for common...
-
9. If f(x)=In x, then lim f(x)-(3) is 813 413
-
Kingston Corporation leases equipment from Falls Company on January 1, 2020. The lease agreement does not transfer ownership, contain a bargain purchase option, and is not a specialized asset. It...
-
Which provision could best be justified as encouraging small business? a. Ordinary loss allowed on $ 1244 stuck. b. Percentage depletion. c. Domestic production activates deductions. d. Interest...
-
The following cycloalkene gives a mixture of two alcohols on hydroboration followed by oxidation. Draw the structures of both, and explain the result.
-
What products would you expect from the following reactions? CH2 (a) + CHCI3 CH (b) Zn(Cu) CH2I2 H2HH
-
What product would you obtain from catalytic hydrogenation of the following alkenes? CH2H (a) (b) CH "CH
-
At the end of the current year, Accounts Receivable has a balance of $880,000, Allowance for Doubtful Accounts has a credit balance of $8,000, and sales for the year total $3,960,000. Bad debt...
-
On January 1 of this year, Ikuta Company issued a bond with a face value of $120,000 and a coupon rate of 5 percent. The bond matures in 3 years and pays interest every December 31. When the bond was...
-
Discuss the impact of enzyme engineering and directed evolution in the development of enzymes with enhanced or novel catalytic activities for industrial or pharmaceutical applications .
Study smarter with the SolutionInn App