This document discusses sinking funds. Some key points:
- A sinking fund is an accumulation scheme where periodic deposits are made to build up a target amount over time including interest earned.
- Formulas are provided to calculate the periodic deposit amount, amount in the fund after k deposits, interest earned, and more.
- Examples demonstrate calculating annual deposits to a sinking fund to reach $800k in 5 years, quarterly deposits to reach $15M in 4.5 years, and comparing costs of loan amortization vs. repayment via sinking fund.
This is a school standard presentation for class 10 students .
It will be very helpful to you all.
Hope you all like this .
And pass your exams with flying colors
This is a school standard presentation for class 10 students .
It will be very helpful to you all.
Hope you all like this .
And pass your exams with flying colors
An Islamic Scientist Sir Alkhwarizmi. his contributioins are in Arithematic,Linear Algebra,Quadratic equation,Trignometry,Astronomy,Geography,Cartography and etc.
An Islamic Scientist Sir Alkhwarizmi. his contributioins are in Arithematic,Linear Algebra,Quadratic equation,Trignometry,Astronomy,Geography,Cartography and etc.
ACG 2021 Final Assessment Short Answer. 8 points each.docxbobbywlane695641
ACG 2021 Final Assessment
Short Answer. 8 points each.
1. Why is the separation of duties an important control activity in a good system of internal control?
2. How is the account Allowance for Uncollectible Accounts presented in the financial statements, and what
purpose does this presentation serve?
3. What is goodwill and when may it be recorded?
4. A company enters into a contract to purchase a certain quantity of goods from another company during the
following month. At this point, would a liability exist? Explain why or why not.
5. When a bond sells at a premium, what is probably true about the market interest rate versus the face interest
rate? Discuss.
6. When a bond sells at a discount, what is probably true about the market interest versus the face interest rate?
Discuss.
Problems
1. Prepare in proper form the stockholders' equity section of the balance sheet from the following selected
accounts and balances taken from the adjusted trial balance of Cooper Corporation as of December 31, 20x5.
17 Points.
Partial Adjusted Trial Balance
Account Debit Credit
Common Stock—$10 par value, 200,000 shares authorized, 110,000
shares issued and outstanding 1,100,000
Preferred Stock—$100 par value, 9 percent cumulative, 40,000 shares
authorized, 8,000 shares issued and outstanding 800,000
Additional Paid-in Capital, Preferred 30,000
Additional Paid-in Capital, Common 800,000
Retained Earnings 180,000
2. The following 20x5 information relates to Taylor, Inc.: 8 points each.
Net Income $365,000
Depreciation Expense 96,000
Amortization of Intangible Assets 11,000
Beginning Accounts Receivable 420,000
Ending Accounts Receivable 439,000
Beginning Inventory 516,000
Ending Inventory 560,000
Beginning Prepaid Expenses 48,000
Ending Prepaid Expenses 42,000
Beginning Accounts Payable 119,000
Ending Accounts Payable 146,000
Purchase of Long-Term Assets for Cash 616,000
Cash from Issuance of Long-Term Debt 200,000
Issuance of Stock for Cash 160,000
Issuance of Stock for Long-Term Assets 110,000
Purchase of Treasury Stock 64,000
Sale of Long-Term Investment at Cost 39,000
a. Calculate the net cash flows from operating activities. Show your work.
b. Calculate the net cash flows from investing activities. Show your work.
c. Calculate the net cash flows from financing activities. Show your work.
d. Calculate the net change in cash. Show your work.
WRITING ASSIGNMENT / PROJECT
Topic: Time Value of Money
A. Write a 6 page paper on the subject.
Outline of a ‘research project’:
Section 1: Theory
In section 1 of your document, you should examine where, when, and by who your particular research topic was conceived and what it ‘looked’ like at that time. Your research should include the seminal work that laid the foundation for your topic.
Section 2: Present
In section 2 of your document, you should examine how t.
| Capital Budgeting | CB | Payback Period | PBP | Accounting Rate of Return |...Ahmad Hassan
After studying this, you should be able to:
• Understand the payback period (PBP) method of project evaluation and selection, including its: (a) calculation; (b) acceptance criterion; (c) advantages and disadvantages; and (d) focus on liquidity rather than profitability.
• Understand the three major discounted cash flow (DCF) methods of project evaluation and selection – internal rate of return (IRR), net present value (NPV), and accounting rate of return (ARR).
• Explain the calculation, acceptance criterion, and advantages (over the PBP method) for each of the three major DCF methods. l Define, construct, and interpret a graph called an “NPV profile.”
• Understand why ranking project proposals on the basis of the IRR, NPV, and ARR methods “may” lead to conflicts in rankings.
• Describe the situations where ranking projects may be necessary and justify when to use either IRR, NPV, or ARR rankings.
• Understand how “sensitivity analysis” allows us to challenge the single-point input estimates used in traditional capital budgeting analysis.
• Explain the role and process of project monitoring, including “progress reviews” and “postcompletion audits.”
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2. 2.3 Sinking Funds2.3 Sinking Funds
• Sinking fund – a fund-accumulation scheme
wherein the amount is generated by making
periodic deposits
• In amortization problems, we usually want to
find the following values:
– Periodic deposit
– Amount in the fund after any kth
deposit
– Interest earned in any period
– Increase in the fund in any period
3. 2.3 Sinking Funds2.3 Sinking Funds
• Sinking fund schedule – a table which shows
how a target amount is completely attained
through periodic deposits as well as interests
these deposits earn in the process
• Sinking fund method of paying off a debt –
happens when the debtor pays interest
periodically and pays the principal in one
lump-sum payment at the end of the term
from a sinking fund
4. 2.3 Sinking Funds2.3 Sinking Funds
Formulas:
• Amount in the fund after k deposits
• Periodic deposit
Sk = D
(1+is)k
−1
is
⎡
⎣
⎢
⎤
⎦
⎥
D =
Skis
(1+is)k
−1
5. 2.3 Sinking Funds2.3 Sinking Funds
Formulas:
• Interest earned
• Principal repayment
• Periodic cost (when a sinking fund is used to
pay off a debt)
IEk = Sk−1is = D (1+is)k−1
−1[ ]
INCk = Sk − Sk−1 = D(1+is)k−1
C = iA A +
isA
(1+is)n
−1
6. 2.3 Sinking Funds2.3 Sinking Funds
1. In order to have Php800,000 in 5 years, Shane
deposits an amount each year in a sinking
fund earning 6% effective. Find the annual
deposit and construct the sinking fund
schedule.
D =
Skis
(1+is)k
−1
=
(800,000)(.06)
1.065
−1
= Πηπ141,917.12
14. 2.3 Sinking Funds2.3 Sinking Funds
3. To raise money for office space expansion, a
small business operator estimates that
Php15M will be needed in 4 ½ years. He
projects that a certain amount must be
invested every 3 months in a fund which earns
interest at 12% converted quarterly.
a) How much is the quarterly investment?
b) How much will be in the fund after the 3rd
deposit?
c) How much interest is earned on the 3rd year?
15. 2.3 Sinking Funds2.3 Sinking Funds
3. To raise money for office space expansion, a
small business operator estimates that
Php15M will be needed in 4 ½ years. He
projects that a certain amount must be
invested every 3 months in a fund which earns
interest at 12% converted quarterly.
a) How much is the quarterly investment?
D =
Skis
(1+is)k
−1
=
(15,000,000)(.03)
1.0318
−1
= Πηπ640,630.44
16. 2.3 Sinking Funds2.3 Sinking Funds
3. To raise money for office space expansion, a
small business operator estimates that
Php15M will be needed in 4 ½ years. He
projects that a certain amount must be
invested every 3 months in a fund which earns
interest at 12% converted quarterly.
b) How much will be in the fund after the 3rd
deposit?
S3 = D
(1+is)3
−1
is
⎡
⎣
⎢
⎤
⎦
⎥ = 640,630.44
1.033
−1
.03
⎡
⎣
⎢
⎤
⎦
⎥= Πηπ1,980,124.63
17. 2.3 Sinking Funds2.3 Sinking Funds
3. To raise money for office space expansion, a
small business operator estimates that
Php15M will be needed in 4 ½ years. He
projects that a certain amount must be
invested every 3 months in a fund which earns
interest at 12% converted quarterly.
c) How much interest is earned on the 3rd year?
IE12 = 640,630.44(1.0311
−1) = Πηπ246,151.91
18. 2.3 Sinking Funds2.3 Sinking Funds
5. Caloi and Santi want to pool their money in
order to have P1M in 5 years. They will place
semi-annual deposits in a fund that earns 5%
compounded semi-annually. How much each
of these deposits should be?
D =
Skis
(1+is)k
−1
=
(1,000,000)(.025)
1.02510
−1
= Πηπ89,258.76
19. 2.3 Sinking Funds2.3 Sinking Funds
9. A Php500,000 loan at 13% interest rate
payable semi-annually is to be repaid in 10
years. Find the semi-annual expense if
a) the loan is to be amortized every 6 months
b) the loan is repaid through a sinking fund
earning at 15% compounded semi-annually.
How much does the borrower save semi-
annually by choosing the cheaper method?
20. 2.3 Sinking Funds2.3 Sinking Funds
9. A Php500,000 loan at 13% interest rate
payable semi-annually is to be repaid in 10
years. Find the semi-annual expense if
a) the loan is to be amortized every 6 months.
R =
(500,000)(.065)
1−1.065−20
= Πηπ45,378.20
21. 2.3 Sinking Funds2.3 Sinking Funds
9. A Php500,000 loan at 13% interest rate
payable semi-annually is to be repaid in 10
years. Find the semi-annual expense if
b) the loan is repaid through a sinking fund
earning at 15% compounded semi-annually.
C = iA A +
isA
(1+is)n
−1
= (.065)(500,000) + (.075)(500,000)
1.07520
−1
= Πηπ44,046.10
Τηε βορροωερ σαϖεσ Πηπ1,332.10.
22. 2.3 Sinking Funds2.3 Sinking Funds
11. George borrows Php80,000, with a plan to
repay the whole amount in 4 years. Between
now and that time, he has to make monthly
interest payments at 12% compounded
monthly. The Php80,000 will be repaid by
making deposits each month in a sinking fund
that earns 13% compounded monthly. How
much is the monthly cost of the loan?
C = iA A +
isA
(1+is)n
−1
= (.01)(80,000) +
.13
12( )(80,000)
1+ .13
12( )
48
−1
= Πηπ2,079.53