Drill Problem 20-13 (Algo) [LU 20-3 (1)] Britney Sper, Territory 5 Class 18 operator Compulsory, 10/20/5 Optional a. Bodily injury, 25/60 b. Property damage, 25M c. Collision, $100 deductible Age of car is 3; symbol of car is 5 d. Comprehensive, $200 deductible Calculate the total annual premium for the above: (Use tables 20.5. 20.6, 207, 20.8.20.9) Total annual premium
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![Drill Problem 20-13 (Algo) [LU 20-3 (1)]
Britney Sper, Territory 5
Class 18 operator
Compulsory, 10/20/5
Optional
a. Bodily injury, 25/60
b. Property damage, 25M
c. Collision, $100 deductible Age of car is 3; symbol of car is 5
d. Comprehensive, $200 deductible
Calculate the total annual premium for the above: (Use tables 20.5. 20.6, 207, 20.8.20.9)
Total annual premium](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F48272b15-2cb1-444b-9b4b-4703050d986d%2Fa199fed6-8cfb-4b9b-b66b-615a7304bfa5%2Fmyu50t_processed.png&w=3840&q=75)
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- Help me pleaseDrill Problem 15-2 (Algo) [LU 15-1 (2)] Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent. Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $ 94,000 $ 4,000 6.0 % 30Drill Problem 15-4 (Algo) [LU 15-1 (3)] Use the following amortization chart: Selling price of home $ 88,000 Down payment $ 6,000 Principal (loan). $ 82,000 Rate of interest 6.0% Total cost of interest Answer is complete but not entirely correct. 95,120 Years 30 Payment per $1,000 $ 5.9955 What is the total cost of interest? Note: Do not round Intermediate calculations. Round your answer to the nearest whole dollar. Monthly mortgage payment $ 491.63
- Invoice price |Shipping cost Installation cost Cost to tear down old swing Insurance to cover 2019 and 2020 Necessary repair during installation 261,100 1,100 6,000 200 4,000 2,000 Required 1 Determine the capitalized cost of the asset. Туре of Cost $ Value of Cost Page 1 2 Determine the proper treatment for the following expenditures. Key Capitalize Expense Treatment Oil the gears of the swing each month, $25 Installed new swing seats in year 2, $22,000 Replaced the motor in year 3, $32,000 Repainted the posts in year 3, $600 Spray the swing seats with sanitizer each week, $45 Repaired broken exterior light on two of the swings, $175COLLEGE Question 4: The following details regarding Machines are provided: Machine Date of purchase Cost Date of sale Cash Proceeds $ 1,000,000 02/06/2020 450,000 XX Y 05/04/2017 01/01/2019 2,000,000 The policy of the company is to depreciate its PP&E at 10% on cost. Depreciation is charged in full in the year of purchase disposal. Required: For year ended 31st December 2020 prepare: Machinery account Accumulated depreciation account Machinery disposal a/c SPOL Extract SFP Extract Question 5: A machine was purchased on 2nd July 2016 for $1,200,000. It was traded in for new one whose price was $1,000,000 on 2nd June exchange. The policy of the company is to charge depreciation for its PP&E at 10% on cost per annum Depreciation is charged in depreciation is charged in the year of disposal.Advance financial dcounting BCOM Page semester-2 Chaptey-1. Depueciation, rovision and Resewe Straight Line method on ut April, 2017 as asset uas purchased for 40,000 sfter which scHap value will e 2500. bepane Aset dccount for forst 3 yearu sfta pronidiing depueciation every 13ut vrauch by straight lime mettied. Sts estimated life is 5 yeaus solve numercial solution
- 12 Review the details of transaction for the purchase of a new primary residence and determine if the loan satisfies Fannie Mae guidelines? And why? notes: Closing Costs Prepaid Expenses Sales Price $ 160,000.00 $ 3,198.00 $3,050.00 Total $ 166,248.00 Mortgage Amount $ 152,000.00 $ 1,000.00 EMD Seller Pd Costs $6.400.00 Cash needed to close $6,848.00 Answer:Need typing answer A Ltd. purchased a building worth CU 9.900.000 and issued 12% Debentures of CU 100 each at a premium of 10%. What will be the amount of premium?Question 15: If the Coverage A limit on an HO 3 is $200000 and the insured has a detached garage valued at $50000 what would they need to do? Question Value: 1 O Use the HO 04 48 endorsement to add $30000 to Coverage B O Use endorsement HO 04 48 to add $50000 to Coverage B O The garage is automatically covered for its full value under Coverage B O A separate policy must be written to cover the garage
- L Download Onfo DO Exam Three Practice Exercises (Blank).pptx Page of 6 ZOOM + Pretax financial income $480,000 Estimated litigation expense 189,000 Installment sales (160,000) Taxable income $509,000 The estimated litigation expense of $189,000 will be deductible in 2021 when it is expected to be paid. The profit from the installment sales will be realized in the amount of $80,000 in each of the next two years, estimated Iliability for litigation is classified as noncurrent and the installment accounts receivable are classified as $80,000 current and $80,000 noncurrent. The income tax rate is 30% for all years. Income tax expense 46°F Mostly clear ENG INTL ovoDrill Problem 18-3 [LU 18-1 (2)] Complete the following amortization chart. (Round your answers to the nearest cent.) Monthly mortgage payment Selling price of home $ Down payment 187,000 $ 50,000 Principal (loan) Rate of interest 7.00% Years 35Prim erences Exercise 5-20 (Algo) Deferred annuities; solving for annuity amount (LO5-8,5-9] On April 1, 2024, Antonio purchased appliances from the Acme Appliance Company for $1100. In order to increase sales, Acme allows customers to pay in installments and will defer any payments for six months. Antonio will make 18 equal monthly payments, beginning October 1, 2024. The annual interest rate implicit in this agreement is 24% Required: Calculate the monthly payment necessary for Antonio to pay for his purchases Note: Use tables, Excel, or a financial calculator. Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. (EY of 51. PV of 51, EVA of SJ. EVA of $1. EVAD. of $1 and PVAD of $1) Monthly payment S A 51