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Advanced Financial Accounting Sec: A Sec: B Sec: C Sec: D Sec: E Sec: F
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We ask for a loan to Bank B for 500,000 euros to be paid in 4 years with annual instalments of 150,000 euros each. The amortised cost table is the following. If we do monthly accounting, what would be the entry on 31/10/2019?
| Date | Interest | Payment | Principal amortised | Cost Amortised |
| 01/04/2017 | 500,000 | |||
| 01/04/2018 | 38,569 | 150,000 | 111,431 | 388,569 |
| 01/04/2019 | 29,973 | 150,000 | 120,027 | 268,542 |
| 01/04/2020 | 20,715 | 150,000 | 129,285 | 139,257 |
| 01/04/2021 | 10,742 | 150,000 | 139,258 |
In order to finance the forecasted investments for next year, our company has decided to issue bonds. The amortised cost table of the transaction is the following:
| Date | Interests | Payments | Ppal amortised | Amortised Cost | |
| 1-4-18 | 10,000 | ||||
| 1-4-19 | 820 | 5,820 | 5,000 | 5,000 | |
| 1-4-20 | 410 | 5,410 | 5,000 | ||
| TOTAL | 1,230 | 11,230 | 10,000 |
What will be the entry required on the 30th of April 2018?
Our company decided to buy a new machine for 10,000€. Which of the following financing options would be best for the company?
a) Pay in cash from a fixed-term deposit the company has (which pays the company a 5% interest rate)
b) The lease company offers us a 3 year contract with a 4% nominal interest rate and an effective interest rate of 4.5%
c) The bank offers us a loan with a 3% nominal interest rate and an effective interest rate of 5.5%
We decide to buy a car and request to lease it from “BMZ Leasing Car Corporation”. The corresponding financing chart is as follows:
Date | Interest | Payment | Amortised Principal | Amortised Cost |
| 30/04/2020 |
|
|
| 70,000.00 |
30/04/2021 | 6,790.72 | 28,000.00 | 21,209.28 | 48,790.72 |
30/04/2022 | 4,733.20 | 28,000.00 | 23,266.80 | 25,523.92 |
30/04/2023 | 2,476.08 | 27,000.00 | 24,523.92 | 1,000.00 |
30/04/2023 | 0,00 | 1,000.00 | 1,000.00 | 0.00 |
Total | 14,000.00 | 84,000.00 | 70,000.00 | 0.00 |
If we do monthly closings, we pay instalments annually and the purchase option is set at €1,000, what would we post on 30/04/2020 in terms of the financial lease agreement?
Regarding Credit Lines, please select the correct answer
Provision surplus responds to:
A Company pays employees 4,700 € corresponding to the March salaries. Considering that the company pays 14 times per year (extra pays in June and December), that the tax withholding is 600€ and the social security withholding on the employee is 100€. How much will be amount posted in the account (640) Salaries and Wages, in March?
We have recorded a purchase of €1,000 in our books, but the goods are still in transit (currently heading to our warehouse in a lorry--freight collect). Today is December 31st. What should we do?
Today is 31st December 2024. The company has received merchandise for a total value of 4,000€ but the invoice has not been received yet. The transport of the merchandise amounts to 200€. Please indicate what the company should do:
Today is April 1st X1 and we are collecting the rents due for the 2nd quarter of the year: €30,000. What entry should we post on the journal on May 31st X1? supposing the company does monthly accounting?