Finance Questions
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A lender makes a $90,000 mortgage at 9% interest with monthly payments for 25 years. How much principal will be repaid during the fourth year of the loan
How many discount points are necessary to raise the yield of a 12% loan with 360 monthly payments of $514.30 to 12.42%?
A real estate investment is expected to return to its owner $3,500 per year for 16 years after expenses. At the end of year 16, the property is expected to be sold for $49,000. Assuming the required rate of return is 14% for investments with this degree of risk, what is the net present value of this property if the purchase price is $28,000 today
Another term frequently used to describe stockholders' equity is:
What IFRS explains reverse factoring?
When a firm purchases supplies for use in its business, and the cost of the supplies purchased is recorded as an asset, the following adjustment to recognize the cost of supplies used will probably be required:
Make the JE for a loan, also accounting for the upfront free that is detracted from the amount borrowed by the borrower
When a firm buys land on which there is a building, and the building is torn down so that an appropriate new building can be constructed on the land:
inventory at start of year/ daily cost of goods sold
A concept or principle that relates to transactions is:
A transaction that is likely to cause an increase in a current liability is:
You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will deposit the money in an account that pays 6% interest. How much will you have just after you make the 5th deposit, 5 years from now?a. $14,764.40b. $13,431.83c. $16,911.28d. $17,843.15e. $15,119.76
Noncurrent, intangible assets such as leasehold improvements, patents, and copyrights are all subject to:
Leasehold is an example of which of the following types of assets?
A magazine publisher has an account called "Unearned Subscription Revenue." The transaction that causes the balance of this account to decrease is:
A company turns to a bank to obtain a delay of 90 days for its trade payables written in the FS for an amount of euro 3660. Bank agrees to the delay with the company and accepts to pay its trade payables to the supplier on behalf of the company. The cost of this operation will be Euro 340, paid at reimbursement. When the reverse factoring is obtained, the company derecognizes the payables from its balance sheet. Make the JEs:
What type of liabilities are the principal amount of a loan and its interest?
On 1 January 20X0 an entity obtains a 5 year loan for euro 300.000, incurring transaction costs of Euro 3300, thus the net amount obtained is 296.700 after costs. Terms and condition of the agreement provide the following- rate: 3% paid at the end of each year- reimbursement plan: interest at 01/10 of each year, capital at the end note - 3% of 300 000= 9000- initial capital = 296.700- end capital = 300.000- effective interest rate = 3,242% - the rate that discounts the expected cash flows on the bond to the initial carrying amount make JE
A company obtains a renewal of its loan whose original termination was in 2019 and the remaining sum was euro 6000 at a rate of 2%. New conditions are: - new termination in 2021- sum: euro 10 000- rate: 2%- upfront fee: 500Make the JE to derecognize the original loan and recognize the new one
Which of the following accounting methods accomplishes much of the matching of revenues and expenses?