Homework answers / question archive / 1)$200,000 loan amortized over 20 years, interest rate of 10%

1)$200,000 loan amortized over 20 years, interest rate of 10%

Accounting

Share With

1)$200,000 loan amortized over 20 years, interest rate of 10%. annual payment=?

2)Take me to the text RMN Manufacturing Company makes large drills for specific customers and uses job order costing to accumulate costs. The company started operating in January 2019 with no inventories. During January, it worked on two jobs. Job # 1 Job # 2 Direct Materials Used $71,000 $51,000 Direct Labor at $14 per hour $84,140 $114,380 RMN incurred manufacturing overhead costs of $207,000. Budgeted monthly manufacturing overhead is $280,000. The company uses a predetermined overhead rate based on 14,000 direct labor hours per month. Do not enter dollar signs or commas in the input boxes Round all answers to 2 decimal places. a) Calculate the predetermined overhead rate per direct labor hour. Predetermined Overhead Rate: b) Determine the amounts of overhead to apply to each job. Job # 1: Job # 

3) Sarasota Inc. bought a business that expected to give a 25% annual rate of return on the investment of the total amount paid for the business, $75,800 was deemed to be goodwill, and the rest was attributed to the identifiable net assets. Sarasota Inc. estimated that the annual future earnings of the new business would be equal to the average ordinary earnings per year of the business over the past three years. The total net income over the past three years was $380,000. This amount included a loss on discontinued operations of $24,500 in one year and an unusual and non-recurring gain of $93,700 in one of the other two years. Calculate the fair value of the identifiable net assets that Sarasota Inc. purchased in this transaction. (Round answer to 0 decimal places, e.g. 5,275.) Fair value of the identifiable net assets Question Attempts: 0 of 6 used SAVE FOR LATER SUBMIT ANSWER