Intermediate financial accounting Show all working and journal entry for the following: Hazzizzi Ltd Trial balance as at March 31, 2023 Trade receivables 22,800,000 Trade payables 6,100,000 Provision for bad debt 7,600,000 Bank 2,100,000 Cash in hand 928,000 Petty cash 203,000 Interest income 4,700,000 Dividend income 2,600,000 Royalties 1,900,000 Contingent liability 17,300,000 Revenues 3,277,000,000 Land […]
Tag Archives: mortgage
What can you conclude about the relationship between the mortgage term and the amount of the monthly payment?
Question Critical Thinking Skills Assignment Evaluation skill: Evaluation is associated with the ability to judge the value of material for a given purpose. The judgements are to be based on definite criteria. These criteria may be determined by relevance, purpose, statements, and numerical values or calculations.watch the video clips provided on Evaluating Logic Part 1,2 […]
Which option should you choose? (calculate the present value of future savings)
Financial economics Value of the house 500,000. You are using a 30-year mortgage. Also, you are putting down 20%. (show your work) You have two options: a. Mortgage rate of 4.5% with no points. b. Mortgage rate of 4.35% and 1.5 points. Which option should you choose? (calculate the present value of future savings)
Calculate the property taxes for the first ten years assuming they are $2000 for year 1 and rise by 3% each year.
Mortgage Analysis Part I (10 points) Type your name in the title and fill in the terms for each scenario in sheet 1 and 2. Cells- A6:D6 (10 points)Calculate the monthly payment using the equation for both terms. Cell- E6 (10 points)Use the built in PMT function in Excel to verify the payment is correct. […]
Briefly explain the following business terms:
Business Question Briefly explain the following business terms: Mortgage Payroll Ledger Invoice Inventory
what is Securitization of Loans? Explain Mortgage-backed loans.
what is Securitization of Loans? Explain Mortgage-backed loans.
Explain How much time do you have for completing your report? How much space will you be allowed for reporting on your topic? How accessible are the data you need? How thorough should your research be?
Formal reports begin with a definition of the project. Probably the most difficult part of this definition is limiting the scope of the report. Every project has limitations. Decide at the outset what constraints influence the range of your project and how you will achieve your purpose. How much time do you have for completing […]
How many months will it take to pay off a $10,000 balance on a credit card that has an APR of 18%, assuming you charge no additional money on the card and make regular monthly payments of $175? hint: you need to use the Excel NPER function and enter the payment as a negative number.
TVM Excel Problems — Valuation of Future Cash Flows 1. What is the implied discount rate in an annuity product that costs $50,000 today and pays the owner twenty annual payments of $3,000? hint: you need to use the Excel RATE function and enter the payment as a negative number. 2. How many months will […]
What is the loan amount for the mortgage problem? What mortgage interest rate can you get? What will be the monthly payment? How much of that is interest and how much is principal repayment in the 1st and 2nd month?
Mortgage Problem Suppose you are planning to buy a house using a 30 years mortgage financing. Which house would you like to buy? What is its price? If you provide 20% down payment, what will be the approximate amount needed to complete the transaction, including closing costs? How would you set up the timeline for […]
