Using the loan and payment plan developed in Problem 4-99, determine the month that the final payment is due, and the amount of the final payment, if $1500 is paid for Payment 5 and $2500 is paid for Payment 10. Payment No. Principal Owed | Interest owed Principal paid Balance due monthly payment 1 20000.00 100.00 1064.63 1164.63 2 18935.37 94.68 1069.96 1164.63 3 17865.41 89.33 1075.31 1164.63 4 16790.10 83.95 1080.68 1164.63 5 15709.42 78.55 1086.09 1164.63 6 14623.33 73.12 1091.52 1164.63 7 13531.81 67.66 1096.98 1164.63 8 12434.83 62.17 1102.46 1164.63 9 1133237 56.66 1107.97 1164.63 10 10224.40 51 12 1113.51 1164.63 11 9110.89 45.55 1119.08 1164.63 12 7991.81 39.96 1124.68 1164.63 13 6867.13 34.34 1130.30 1164.63 14 5736.83 28.68 1135.95 1164.63 15 4600.88 23.00 1141.63 1164.63 16 3459.25 17.30 1147.34 1164.63 17 2311.92 11.56 1153.08 1164.63 18 1158.84 5.79 1158.84 1164.63

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?