A dental clinic is earning a net monthly income of P35 000 with fixed expenses of P20
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A dental clinic is earning a net monthly income of P35 000 with fixed expenses of P20 000. The clinic acquired a new machine worth P270 000 and plans to pay 25% advance payment and the balance by quarterly amortization for 5 years. If money is worth 5% compounded quarterly, find the following:
a). Remaining balance to be paid.
b). Quarterly amortization
c). Disposable income per quarter
d). Net income per quarter
e). The expense-to-income ratio then interpret the resultrn
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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