What is the cash value of a three-year lease of office facilities renting for $1536.50 payable at the beginning of each month if money is worth 9% compounded monthly?

Payments of $1000 are due at the end of each year for five years. If the payments are deferred for three years and interest is 10% compounded quarterly, what is the present value of the deferred payments?

A debt of $5000 is amortized by making equal payments at the end of every 3 months for 2 years. If interest is 8% compounded quarterly, construct an amortization schedule.

The City Board of Education borrowed $750 000 for 20 years at 13% compounded annually to finance construction of Hillview Elementary School. The board created a sinking fund to repay the debt at the end of 20 years. Equal payments are made into the sinking fund at the end of each year, and interest earned by the fund is 10.5% compounded annually. Rounding all computations to the nearest dollar,

determine the annual cost of the debt;

compute the book value of the debt at the end of 10 years;

Ace Machinery wants to provide for replacement of equipment seven years from now, estimated to cost $60 000.00. To do so, the company sets up a sinking fund into which it will pay equal sums of money at the beginning of each of the next seven years. Interest paid by the fund is 4.5% compounded annually.

What is the size of the annual payment into the fund?

What is the total paid into the fund by Ace Machinery?

How much of the fund will be interest

P3-374 Red Fire Inc. produces fire trucks. The company uses a normal job-onder costing system toca calculate the under or over apputed over goods manufactured. The company's policy is to price its job at cont plus 30% markup. On January 1, 2016 one job in process, with the following costs: Job 200 Direct materials $13,500 Direct labour 18,000 Applied overhead 27.000 Total $58,500 The following balances were taken from the general ledger of the company as of January 1, 2016 Direct materials inventory $45.000 Finished goods inventory (for Job 100) 585.000 During the year 2016, the following events occurred: Direct materials were purchased on account for $375,000 Two more jobs were started: Job 200 and Job 400. Direct materials and direct labour costs incurred by end process during the year 2016 were as follows: Job 200 Job 300 Job 400 Direct materials $150,000 $45,000 $35,000 Direct labour $130,000 $45,000 $25.000 The company incurred the following actual factory overhead during the year. Factory rent $135.000 Factory supplies $ 55,500 Indirect labour $ 85,750 Jobs 200 and 300 were completed Jobs 100 and 200 were sold Destruction 4) Calculate the total applied overhead for the year 2016. The factory overhead costs are applied to each job on the best of direct labour dollars b) Prepare simple job-order cost sheets for jobs 200, 300, and 400 for the year ended December 31, 2016 Prepare a schedule of cont of goods sold, Identifying both normal and adjusted cost of goods med fire that you could December 31, 2016 Calculate the selling price of Job 200. Calculate the embung balances as of December 31, 2016, for the following accounts: Direct Materials and week in handen