FREE Trial
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

A personal computer being sold for P85,000 may be bought by making a P15,000 down payment, and the balance is payable in equal quarterly payments for 2 years and 6 months. If money is worth 10% compounded quarterly, find the

A personal computer being sold for P85,000 may be bought by making a P15,000 down payment, and the balance is payable in equal quarterly payments for 2 years and 6 months. If money is worth 10% compounded quarterly, find the quarterly payments.
  • Expert Answer

To find the quarterly payments we can use the formula for the present val View the full answer


answer-question
Related Book For  answer-question
Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books
Post a Question and Get Help

Cannot find your solution?

Post a FREE question now and get an answer within minutes*.

*Average response time.
Posted Date: June 07, 2023 07:26:24
See More Questions

Students also viewed these accounting questions

Q:
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
A:
phase 1 Doesnt everyone At fourteen I began working at Crazy Eddie as a stock boy in 1971 I started off by stealing cash and inflating insurance loss claims This was how the firm operated and I never......
Q:
Items 1 through 4 require use of present value tables. The following are the present value factors of $1 discounted at 8% for one to five periods. Each item is based on 8% interest compounded...
A:
Require......
Q:
Good Harvest Corporation was incorporated on January 1, 2021, with authorized share capital of 300,000 shares at P20 par value. Record the transactions completed during the months of January and...
A:
P1 To record the transactions completed during the months of January and February for Good Harvest Corporation lets first start with the memorandum entry method 1 Memorandum Entry Method a Incorporato......
Q:
a. How could aspirin be synthesized, starting with benzene? b. Ibuprofen is the active ingredient in pain relievers such as Advil®, Motrin®, and Nuprin®. How could ibuprofen be...
A:
a b Od CHC1 AICI CH3 COOH......
Q:
Given the following information, compute the firms free cash flows and the financing cash flows. Dividends............. $ 25 Change in common stock...... $ 27 Change in inventories........ $ 32...
A:
Free Cash Flows Operating income 215 Depreciation expense 20 Income taxes 45 Aft......
Q:
Anita Baker, a then-unknown singer, signed a multiyear recording contract with Beverly Glen Music, Inc. (Beverly Glen). Baker recorded for Beverly Glen a record album that was moderately successful....
A:
No an injunction is not an appropriate remedy in this case Generally a contract to render personal s......
Q:
Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $420,000 on May 20, 2022. Lori expects the taxable income derived from her business (before considering...
A:
c The deduction for the year would be 5710 larger 540000 534290 if 179 expense was first allocated t......
Q:
MUF Architects, LLP, billed clients for 6,000 hours of design work for the month. Actual variable overhead costs for the month were $910,000, and 6,050 hours were worked. At the beginning of the...
A:
Variable overhead spending variance Budgeted variable overhead for actual hours Standard rate actual......
Q:
The local credit union pays interest of 7% on amounts above $540 in a savings account. Helen does not trust banks. She chooses not to have a savings account, and instead keeps $1080 in cash in her...
A:
Helen is keeping 1080 in cash at home instead of putting it in a savings account The difference betw......
Q:
Sanket, after completing his entrepreneurship course from U.SA. returned to India and started a coffee shop 'Fioma Coffee' in a famous mall in Mumbai. The speciality of the coffee shop was the...
A:
The techniques of scientific management used by Riya to solve the problem are a Standardisation of w......
Q:
Use the article "Are audit partners' compensation and audit quality related to their consulting revenue? Journal of Accounting and Public Policy" by Che, L., Langli, J.C., Svanstrom, T. 2021, Answer...
A:
Here are the answers to your questions based on the article you mentioned Objectivespurpose of the study The objective of the study is to examine the relationship between audit partners compensation a......
Q:
a) Stock A just paid an annual dividend of $1.25 per share. The company expects that annual dividends will grow at a steady rate of 4%. Assuming a discount rate of 10.5%, what is the per share value...
A:
a To calculate the per share value of Stock A today using the dividend di......
Q:
3. Find An Bn C in terms of union. 4. Find AUBUCUDUE in terms of intersection. Permutations and Combinations 5. Find the number of rearrangements of the string "combinatorics" 6. Calculate 7....
A:
ANBOC ANBNC AUBUC 4 Similarly AUBUCUDUG AUBUCUDUE ANBneNDNEl 3......
Q:
You are given an N-sided die, along with a corresponding Boolean mask vector, is_bad_side (i.e., a vector of ones and zeros). You can assume that 1 < N 30, and the vector is_bad_side is also of size...
A:
Solution To solve this problem you can create an MDP Markov Decision Process of the......
Q:
Explain the game, and then the goal, "Your goal is to try to defeat these aliens," and then the keys "press F to attack," and " Press arrow keys to move" but when I program it, it will only show two...
A:
Solution The code you have provided is a basic game where the player controls an alien to defeat oth......
Q:
Using a 0.20 M phosphate buffer with a pH of 6.4, you add 0.72 mL of 0.51 M HCl to 45 mL of the buffer. What is the new pH of the solution? (Enter your answer to three significant figures.)
A:
Click to View...
Q:
One of the significant and relevant accounts for this cycle is equipment. For this account, what would typically be the most relevant assertions for the auditor to consider? Why is it important for...
A:
The existence and valuation assertions related to longlived assets are usually th......
Q:
Locate the stock tables for the two major stock exchanges in any issue of the Wall Street Journal. Beginning from any point within the table, prepare a list of the first digits of the daily volume...
A:
The timing of carrying out this requirement and the st......
Q:
What are the two major objectives of materials control?
A:
The two major objectives of......
Q:
What are the two major components of stockholders equity? Which accounts generally appear in each component?
A:
Stockholders are the owners of a corporation and have a residual interest in......
Q:
A 15 mm 15 mm silicon chip is mounted such that the edges are flush in a substrate. The chip dissipates 1.4 W of power uniformly, while air at 20C (1 atm) with a velocity of 25 m/s is used to cool...
A:
A silicon chip is mounted flush in a substrate that provides an unheated starting length The surface......
Q:
The chapter describes efforts by some mainstream marketers to appeal to Muslim consumers by making halal products. Given the political attitudes some Americans hold regarding Muslims, is this a...
A:
Students are likely to have different opinions about whether it is dangerous or cour......
Q:
Padmas Pools Inc. paid $500 for office supplies. What was the impact of this transaction on Padmas cash flow?
A:
The impact of this transaction on Padmas cash flow would be like If you use cash to purchase the su......
Q:
No experienced person is incompetent. Jenkins is always blundering. No competent person is always blundering. Jenkins is inexperienced. The following sorites are taken from Lewis Carrolls Symbolic...
A:
Click to View...
Q:
Eastern airlines knows that 20 percent of its customers fly first class, 20 percent fly business class, and the rest fly coach. Of those customers who fly first class, 70 percent are from the east...
A:
A B Event Ei PEastEi PothersEi Peast and Ei PEi East FC 2 7 3 7214 1439......
Q:
On Jan 1, 2021, I bought a straddle on a stock with a strike price of 50. Recall that a long straddle is a combination of a long call and long a put with the same strike price and the same time to...
A:
To determine what can deduce about the price of the stock on December 31 2021 we can analyze the pro......
Q:
A company has two factories, one at Liverpool and one at Brighton.[20] In addition it has four depots with storage facilities at Newcastle, Birmingham, London and Exeter. The company sells its...
A:
a The optimal distribution plan is following The variable cells in the solver parameter are the cells highlighted in light yellow inside the optimal d......
Q:
What are the limitations of measuring financial characteristics using financial ratios?
A:
To the extent that financial statements can be distorted the financial ratios that......
Q:
What is monetary policy? How do interest rates affect economic growth? Why do interest rates affect some stock prices more than others? Which federal agency influences interest rates?
A:
Monetary policy refers to a set of techniques used by the Bank of Canada to......
Q:
In general, an nth root of unit f is called primitive if all the nth roots of unity are obtained by raising it to successive powers: 1, , 2, 3, .... (a) Find all primitive (i) Fourth (ii) Fifth (iii)...
A:
a i i i ii e 2ki5 for k 1 2 3 o......
Q:
The sales managers' wages are included as part of prime cost. True/False?
A:
False The sales managers wages are not included as part of prime cost Pr......
Q:
A factory produces rice noodles. Which section of a manufacturing account would you expect to find the wages of the owner's personal assistant?
A:
In a manufacturing account the wages of the owners personal assistant would not typic......
Q:
Otis Taylor plots the price per share of a stock that he owns as a function of time and finds that it can be approximated by the function S(t) = t(25 5t) + 18, where t is the time (in years) since...
A:
The average price of the stock over a given time interval can be calculated by finding the average v......
Q:
A crate is placed at the center of a 5-meter board that is supported only at its ends. The weight of the crate causes a deflection of the board at its center. If the shape of the deflected board is a...
A:
The equation of the deflected board in polar coordinates is g......
Q:
Some properties of neoplastic cells are the same as the properties of normal cells, including a. Anaplasia. b. Metastasis. c. Mitosis. d. Autonomy.
A:
The correct answer is c Mitosis Neoplastic cells which are often referred to as cancer cells exhibit......
Q:
Describe in words the region of R 3 represented by the equation(s) or inequality. x + y? + z? = 4
A:
The equation y z 4 is equivalent to x y......
Q:
Refer to the information from Exercise 22-19. Use the information to determine the (1) Weighted average contribution margin , (2) Break-even point in units, and (3) Number of units of each product...
A:
Contribution Percentage of Weighted 1 Margin per unit x sales mix Unit CM Easy 20 40 8 Mo......
Q:
In the machine with homogeneous limbs, L-length limb 2 is under the influence of Mi+ moment and limb 4 is under the influence of horizontal F force. q is the main coordinate, r and x are the...
A:
i To assess whether it is financially beneficial for Yoyo to enter into the factoring arrangement we need to calculate the cost of credit control before and after factoring Cost of credit control befo......
Q:
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
A:
A hotels target market is a specific subset of all hotel customers from whom a particular property seeks to obtain business This could be business travelers and families on vacation to a hotel near an......
Q:
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
A:
Answer 12 AA bonds coupon rate sometimes abbreviated simply to coupon isnt affected by its price BHowever the coupon rate influences the bonds price by influencing the bonds competitiveness and value......
Q:
1. You and a friend agree to meet at your favorite restaurant between 5:00 P.M. and 6:00 P.M. The one who arrives first will wait 15 minutes for the other, and then will leave (see figure). What is...
A:
1 1 45 2 60 2 1 45 60 2 1 3 4 2 1 9 16 7 16 2 a If the cente......
Q:
In the Statistics Norway on-line article "The Times They Are a Changing," J. Kristiansen discussed the changes in age at the time of marriage in Norway. The ages, in years, at the time of marriage...
A:
a Using Minitab choose Stat Basic Statistics Paired t enter MEN in the First sample box and WOMEN in......
Q:
Winston Industries and Ewing Inc. enter into an agreement that requires Ewing Inc. to build three diesel-electric engines to Winstons specifications. Upon completion of the engines, Winston has...
A:
a The lease should be treated as a capital lease by Winston Industries requiring the lessee to capitalize the leased asset The lease qualifies for cap......
Q:
In 2022, Bianca earned a salary of $164,000 from her employer. Determine the amount of FICA taxes and Medicare taxes withheld from her salary.
A:
Biancas FICA tax is 9114 62 1......
Q:
Myles Company expects to produce 1,200,000 units of Product XX in 2012. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are:...
A:
MYLES COMPANY Monthly Manufacturing Flexible Budget......
Q:
Determine if the graph is symmetric with respect to x-axis, y-axis, and/or the origin. -10 -10- 10 X Q O A. x-axis, origin B. Origin C. y-axis O D. x-axis
A:
The detailed answer for the above question is provided below 1......
Q:
The accompanying graph is a special histogram with additional information; it was made using StatCrunch. People who studied music as children were asked how many hours a day they practiced when they...
A:
Those who still play tended to have practiced more as teenage......
Q:
A financial manager has a fundamental role in a business in seeking to ensure that cash flows are properly managed. Discuss the role that the financial manager has, and the goals that are often...
A:
As a financial manager you have a crucial role in managing the financial resources of the company and ensuring that cash flows are effectively utilized The primary goals associated with this role incl......
Q:
James Co. decided to issue 100 bonds at 102. The bonds will include 10 warrants with each bond. On the issue date the fair market value (FMV) of each bond is 96, and the FMV of each warrant is $5....
A:
To calculate the amount of Additional PaidIn Capital resulting from the exercise of warrants we need......
Q:
An RC series circuit has a power factor of 76.4%. How many degrees out of phase are the current and voltage with each other?
A:
Click to View...
Q:
The Morningside Company Ltd had the following results for the year to 31 December 20X7. A single product a woggley was made by the company. The standard cost of manufacturing each unit was 2.20....
A:
To calculate the price and volume variances on sales for The Morningside Company Ltd in 20X7 you can......
Q:
The following information relates to The Melted Cheese Company Ltd for the year to 31 December 20X1: Calculate the price, volume and mix variances for 20X1. Budget Product units XY N Sales % 800 14.3...
A:
To calculate the price volume and mix variances for The Melted Cheese Company Ltd for the year 20X1......
Q:
Calculate the appropriate overhead variances from the following data. (a) Budgeted for 9,000 variable overhead expenditure and 1,500 labour hours of production activity. (b) Budgeted for 60,000...
A:
To calculate the appropriate overhead variances well use the following formulas Variable Overhead Ex......
Q:
A condition of an 8-year loan of 40,000 is that the borrower will pay equal annual amounts into a sinking fund so that it accumulates at the end of the 8 years to the amount of the loan. The sinking...
A:
The sinking fund formula is A P 1 rn 1 where A is the annual payment int......
Q:
What is the annualised amount of the net benefits from the project in Question 46.7? Data from Question 46.7 What is the payback period on the following project cash flows? (Brackets indicate...
A:
To calculate the annualized amount of the net benefits from the project we need to first determine t......
Q:
Compose a paper on Regression and Correlation Analysis to Determine the Factors Associated with Body Mass Index, And Its Relation to Overweight and Obesity
A:
ABSTRACT Body mass index is used to determine whether one is in a healthy weight range for his or her weight The study was aimed in determining the factors that are associated to the BMI of.........
Q:
Fill in each blank so that the resulting statement is true. 83 + 103 = ______ .
A:
83......
Other Peoples Money 1st Edition - ISBN: 1610397150 - Free Book