Malakas deposited P5 000 on the day his son was born. If the money is worth 12% compounded quarterly, how much money will his son have on his 21st birthday
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- . What happens to the provident fund balance in the event of an employee's death?Illustrate and distinguish between simple and general annuities the provide 5 examples. Thanks a lot!James sold his home for $379,000. If the real estate commission was 5.5%, how much commission did he have to pay? O $20,845 to the listing broker. O $10,422.50 to the listing broker and $10,422.50 to the selling broker. O $45.845 to the listing agent. O $20.845 to the buyer's broker.
- HC6Q 2) Mr. Hamid bought a new home in Wave Muscat for OMR 65000. If he puts OMR 5000 as down payment. Bank Dhofar is ready to finance at rate of 8.00% for 20 years. Amortization Table (Partial- Mortgage principal and interest per 1000) Terms in years 5.50% 10 12 15 17 20 6.50% 11.36 10.02 8.72 7.00% 11.62 10.29 8.99 8.40 76 7.50% 11.88 8.00% 8.50% 12.40 6.00% 9.00% 10.86 9.51 8.18 11.11 9.76 8.44 12. 14 10.83 9.56 8.99 8.37 12.67 11.39 10.15 9.59 9.00 10.56 9.28 11.11 9.85 7.56 6.88 7.84 7.17 8.12 7.46 8.69 8.06 9.29 8.68 i) The mortgage is OMR. I) The monthly payment for Mr. Hamid is OMR . II) Total cost of interest for Mr. Hamid is OMR. iv) Balance of payment at the end of 1st month payment is OMR.It is less common to confirm accounts payable at an interim datethan accounts receivable. Explain why! Required information [The following information applies to the questions displayed below.] Doyle Company issued $394,000 of 10-year, 7 percent bonds on January 1, Year 1. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $79,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 1. Required a. Prepare the journal entries for these events, and post them to T-accounts for Year 1 and Year 2. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Prepare the journal entries for Year 1 and Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal 1 Jan 01 Bonds payable Cash Debit Credit
- 3 a joint life policy pays A after the first insured dies B after the last insured dies C after each insured dies D one-half of the face amount after each insured died.A fairly reliable forecast now has been obtained indicating that the company would be able to sell 300 of the limited-edition grandfather clocks, which appears to be enough to justify introducing this new product. However, Meredith is concerned that this conclusion might change if more accurate estimates were available for the various costs and revenues. Therefore, she wants what-if analysis done on these estimates. Perform what-if analysis by independently investigating each of the following questions.27. William has a bakery with total assets of P4,000,000 inclusive of a lot with a book value of P1,200,000. Gross income from sales of bread P300,000 Interest on promissory notes of retail store clients 12,000 Royalties on sale of recipe books 36,000 Dividend income from domestic stocks 10,000 Note that William's total asset i s P2,800,000, excluding the lot. Hence, William's business qualifies as a BMBE. If William obtained a certificate of authority to operate as a BMBE, the following items of operating income are exempt from income tax а. Р 300,000 О Б.Р346,000 О с. Р312,000 O d. P 358,000
- Old Alfred Road, who is well-known to drivers on the Maine Turn- inflation. That is, they will be automatically increased in propor- pike, has reached his seventieth birthday and is ready to retire. Mr. tion to changes in the consumer price index. Road has no formal training in finance but has saved his money and invested carefully. Mr. Road owns his home-the mortgage is paid off-and does not want to move. He is a widower, and he wants to bequeath the inflation, but the interest on his investment portfolio will not. house and any remaining assets to his daughter. He has accumulated savings of $180,000, conservatively the interest from his investment portfolio? How much could he invested. The investments are yielding 9% interest. Mr. Road also has $12,000 in a savings account at 5% interest. He wants to keep value intact? the savings account intact for unexpected expenses or emergencies. Mr. Road's basic living expenses now average about $1,500 per month, and he plans to spend $500 per…A shopping center investor bought a 36,000 square foot shopping center in Calabasas, California with a 25-year fully amortizing fixed rate mortgage loan at a stated annual interest rate of 5.5%, a loan to value ratio of 80%, and a down payment of $600,000. What was the monthly payment on the loan a.$14,738.10 b.$18,422.62 c.$11,790.48 d.$3,684.52Brandon is going to get a 3% commission on the sale of a property for $300,000. How much is Brandon's commission? $10,000 §9.000 $12,000 S30,000