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Critical Thinking View Grade Info Grade: N/A Executive Summary (115 Points) Messineo LLC borrowed $15,000 at a 14% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal annual end of year payments. As the CFO of Messineo, LLC you must prepare a report of the pertinent information in a short summary for the CEO. Calculate the annual end of year loan payment amount. Prepare a loan amortization schedule showing the interest and principal break down of each of the three loan payments. Prepare a one page executive summary for the CEO, Linda Messineo,with the loan payment schedule explaining why the interest portion of each payment declines with the passage of time. Also, be sure to remind her that the interest portion of the loan payment is tax deductible. You should include your spreadsheet as an appendix to your executive summary to prove your figures in the loan payment schedule. Hint: Using a spreadsheet, you will start with the PMT function to calculate the annual payment. Next you will use the IPMT function to find the interest portion for each of the three years.
last year 2013 richter condos installed a mechanized elevator for its tenants. the owner of the company ron richter
bull create a scenario where using the high-low method results in flawed decisions for pricing or performance
The purchase of Truffles Inc. will require an investment of $800,000 and with the synergy between the two companies will increase the Boxed Candy Division's operating income by $76,000. The residual income for the Boxed Candy Division after the pu..
Carol attends State University and received a $10,000 scholarship for her senior year that began in September, 2011. Up to the time of her graduation in May, 2012, Carol had paid the following expenses for the two semesters from her scholarship fu..
On January 1, 2009, the balance in Great Lakes Co.'s Allowance for Bad Debts account was $5,200. During the year, a total of $3,500 of delinquent accounts receivable were written off as bad debts. The balance in the Allowance for Bad Debts account..
Analyze the differences between US GAAP and IFRS in accounting for equity statements to determine which presents the greatest challenges for the greatest number of companies. Provide specific examples to support your response.
the production department of zan corporation has submitted the following forecast of units to be produced by quarter
for gore company actual sales are 1116300 and break-even sales are 770247. compute the following a the margin of safety
white companys required rate of return on capital budgeting projects is 12. the company is considering an investment
the printing experts tpe prints elaborate high-quality color brochures in its facility located in seattle wa. it
a. purchased 25000 of merchandise from presidio co. account terms 210 n 30 b. paid the amount owed on the invoice
Prepare the entry to record the weekly payroll and the costs and liabilities related to the bonus and the vacation pay, assuming that Vance is the only employee
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