Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 08, 2024

Senior Agila bought a parcel of land with total contract price of 10,535,000. He paid a down payment of 35% and will amortize at 10

Senior Agila bought a parcel of land with total contract price of 10,535,000. He paid a down payment of 35% and will amortize at 10 years at 25% rate. How much is the monthly amortization of Senior Agila? (MA factor- 0.02275)

Step by Step Solution

★★★★★

3.49 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

Heres how to calculate Senior Agilas monthly amortization Calculate the loan ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Gail Fayerman

1st Canadian Edition

9781118774113, 1118774116, 111803791X, 978-1118037911

More Books

Students also viewed these Accounting questions

Question

Cisco Packet Tracer. https://drive.google.com/file/d/1Zm2EuEHFraWdafbk1X3BEXcdzoUwQlbi/view?usp=sharing Explore Topology Interface Status Routing Configuration and Observation DHCP (or lack thereof)...

Answered: 1 week ago

Question

★★★★★

Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...

Answered: 1 week ago

Question

★★★★★

A group of five successful business people were awarded the franchise for one of two new expansion teams in the North American Sports League (NASL). The professional sports franchise was named the...

Answered: 1 week ago

Question

★★★★★

Rainbow manufactures wooden backyard playground equipment. Rainbow estimated $1,785,000 of manufacturing overhead and $2,100,000 of direct labour cost for the year. After the year was over, the...

Answered: 1 week ago

Question

★★★★★

What was the net impact on Jensen Company's 2018 income as a result of this fair value hedge of a firm commitment? a. $-0-. b. $1,319.70 decrease in income. c. $77,980.30 increase in income. d....

Answered: 1 week ago

Question

★★★★★

Suppose that both loans have an interest rate of 10% and the total first-year interest is $300. If possible, determine the amount of each loan. Interpret your results.

Answered: 1 week ago

Question

★★★★★

6.14 A normal random variable x has an unknown mean and standard deviation or =2. If the probability that X exceeds 7.5 is 0.8023, find .

Answered: 1 week ago

Question

★★★★★

The Simple Simon Bakery produces fruit pies for freezing and subsequent sale. The bakery, which operates 5 days per week, 52 weeks per year, can produce pies at the rate of 64 pies per day. The...

Answered: 1 week ago

Question

★★★★★

My Subs E Menu Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price...

Answered: 1 week ago

Question

★★★★★

Busy Sally Socialite has trouble remembering people's birthdays, so she has organised her friends into what she calls a Birthday Support Team, or BST. Each friend needs only to keep track of three...

Answered: 1 week ago

Question

★★★★★

I need help on question 11 please. My calculations are giving me $41,200 as an answer instead of $66,810. I created a balance sheet for reference with my Total Assets = $184,500, Total Liabilities =...

Answered: 1 week ago

Question

★★★★★

Define Decision making

Answered: 1 week ago

Question

★★★★★

What are the major social responsibilities of business managers ?

Answered: 1 week ago

Question

★★★★★

What are the skills of management ?

Answered: 1 week ago

Question

★★★★★

Which of these chemicals is used as a water softening agent? [A] Baking soda [B] Washing soda [C] Bleaching powder [D] Slaked lime

Answered: 1 week ago

Question

★★★★★

Which of these chemicals is used to form soaps containing sodium salts? [A] Sulphuric acid [B] Sodium hydroxide [C] Nitric acid [D] Carbonic acid

Answered: 1 week ago

Question

★★★★★

Please respond to answer according to the table given Reporting Gains Losses on Discontinued Operations (extended phase out period) For each case presented below, determine the gain a loss to be...

Answered: 1 week ago

Question

★★★★★

Refrigerant R-12 at 30C, 0.75 MPa enters a steady flow device and exits at 30C, 100 kPa. Assume the process is isothermal and reversible. Find the change in availability of the refrigerant.

Answered: 1 week ago

Question

★★★★★

At the date the parent acquires a controlling interest in a subsidiary, if the carrying amounts of the subsidiarys assets are not equal to fair value, explain why adjustments to these assets are...

Answered: 1 week ago

Question

★★★★★

When a parent increases its ownership in a subsidiary, the consolidated equity is affected. Explain how.

Answered: 1 week ago

Question

★★★★★

At January 1, 2013, Berke Ltd. acquired all the shares of Tauber Ltd. for $283,000. At this date the equity of Tauber consisted of: Share capital100,000 shares ...$200,000 Retained earnings...........

Answered: 1 week ago

Question

★★★★★

What type of question requires that you understand the material so well that you are able to compare and contrast it to other material? a. factual b. applied c. conceptual d. true/false

Answered: 1 week ago

Question

★★★★★

Which of the following is not a mistake often made by students when taking notes? a. Taking notes while reading the chapter before going to the lecture b. Highlighting material in the textbook as the...

Answered: 1 week ago

Question

★★★★★

Your mom wants you to eat some breakfast before going off to your first psychology exam. What will you tell her? a. No thanks. A big meal will probably put me to sleep. b. Sounds good. Can I have...

Answered: 1 week ago

Previous Question Next Question