The following amortization schedule indicates the interest and principal to be repaid on an installment note established january 1, 2018, for a company with a march 31 year-end. beginning note interest repaid principal on ending note year payable expense note payable payable 1 10,000 400 2,355 7,645
2 7,645 306 2,449 5,196
3 5,196 208 2,547 2,649
4 2,649 106 2,649 0
total 1,020 10,000
required: assuming the company makes the required annual payments on december 31, use the amortization schedule to determine (a) the amount of the (rounded) annual payment, (b) the amount of interest expense to report in the year ended march 31, 2018, (c) the amount of interest expense to report in the year ended march 31, 2019, (d) the note payable balance at january 1, 2021, and (e) the total interest and total principal paid over the notes entire life.

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

Which of the following is an example of a person’s background? a. jose enjoys drawing and painting. b. tobias works as a preschool teacher. c. jennifer grew up in beirut. d. lin wants to be an architect.