please help me 20.>On 12-31-20 J entered into an agreement allowing J to collect the following:Starting 12-31-21, $1,000 every 12-31 until 2024.On 12-31-25, a one-time collection of $2,000.Nothing in 2026Starting 12-31-27, $500 every 12-31 until 12-31-30.How much total cash will J eventually collect?Assume a market interest rate of 5%. As of 12-31-20, what was the present value of J's receivable?

Amount are not received at one time but are received in steps over the period but value of money…

Answered: 20. On 12-31-20 J entered into an…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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On January 1, 2022, Ace Company finished landscaping services and accepted in exchange a 10% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable at December 31 each year. Notes with similar risk have a market rate of interest of 5%. Set financial calculator to zero decimal place. Required: (a) Determine the value of the following: N = Answer 1 Question 4 I/Y = Answer 2 Question 4 PMT = $Answer 3 Question 4 FV = $Answer 4 Question 4 (b) The present value of the note was $Answer 5 Question 4 (c) Prepare a Schedule of Note Discount/Premium Amortization for Ace Company under the effective interest method. Ace Company Schedule of Note Discount/Premium Amortization Effective Interest Method Date Cash Interest Amortized Amount Carrying Value of Note Jan 1, 2022 $Answer 6 Question 4 Dec 31, 2022 $Answer 7 Question 4 $Answer 8 Question 4 $Answer 9 Question 4 Answer 10 Question 4 Dec 31,…
Mf2. 5. In March 2022, General Electric and JPMorgan Chase enter into a three-year OIS. GE agrees to pay JPMorgan Chase a fixed rate of 4% every three months on a notional principal of $120 million. JPMorgan Chase agrees to pay GE the three-month SOFT floating reference rate on the same $120 million notional principal. For General Electric, what are the floating cash flows received, fixed cash flows paid, and overall net cash flows with the following SOFR rates: 2.15; 2.65; 2.90; 3.15; 3.20; 3.45; 3.60; 3.80; 3.95; 4.05; 4.20; 4.35
Jena Pattinson expects to withdraw uniform amounts for the next five years. Find the value "A" for the cash flow shown below at 8%. A. A. A A 1 3 5 8 $250 $250 $250 O a. $518 O b. $203 O c. $347 O d. $481
KF2. Ned used $98,303.259 to purchase a 180-day $100,000 bank bill on 1 May 2022. He sold this bank bill on 21 August 2022 at a yield rate of 4.77% p.a. (simple interest rate). 3. Calculate Ned’s holding period yield (expressed as a percentage and rounded to two decimal places). Select the correct answer. a. 2.48% b. 2.61% c. 2.95% d. None of above option is correct. 4. Find Ned’s capital gain/loss component of the dollar return on his investment (rounded to two decimal places). The “dollar return on the investment” means the difference between the sale price and the purchase price. Select the correct answer. a. 194.78 b. -233.00 c. -421.89 d. None of above option is correct
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What is the interest income for 2022? Beach Bank loaned Boracay Company P7,500,000 on January 1, 2019. The terms of the loan were payment in full on January 1, 2023 plus annual interest payment at 11%. The interest payment was made as scheduled on January 1, 2020. However, due to financial setbacks, Boracay Company was unable to make the 2021 interest payment. Beach Company considered the loan impaired and projected the cash flows from the loan on December 31, 2021. The bank accrued the interest on December 31, 2020, but did not continue to accrue interest for 2021 due to the impairment of the loan. The projected cash flows are: Date of cash flow Amount projected on December 31, 2021 December 31, 2022 December 31, 2023 500,000 1,000,000 December 31, 2024 2,000,000 December 31, 2025 4,000,000 The PV of 1 at 11% is 0.90 for one period, 0.81 for two periods, 0.73 for three periods, and 0.66 for four periods. a. 589,600 b. 534,600 O c. 825,000 O d. 599,456
o19 Dabur Limited expected the folowing future cash fiows from the use of equipment End of Year 1 OMR 7500, End of Year 2 OMR 6500, End of Year 3 ed OMR 9200, End of year 4 OMR 8500. The discount rate was determined as 12% The equipment can be sold in the active market for OMR 27,000 d out of with an agent's commission of OMR 2000.The recoverable amount of the equipment shall be ouestion OMR 23,000 None of them OMR 25,000 OMR 21,000
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57. On April 1, 2028, A Company issued a P 9,000,000 non-interest-bearing note due March 31, 2031, for a piece of land with a cash price of P 6,949,800. Effective interest rate is 9%. Determine the interest expense for the year ended December 31, 2028 Round off final answer to the nearest peso.
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20. Assume that $100 is received at the beginning of year 1, and that $200 is received at the beginning of year 2, and that $300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is ________.of year 3 is ________.A) $1,536B) $ 672C) $ 727D) $1,245

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