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Notes Receivables...

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Chapter 5 Notes Receivable 1. Pr e s e ntva l uei s a .t heval ueno w ofaf ut ur eamount . b. t heamountt ha tmus tbei nve s t e dnow t opr oduc eakno wnf ut ur eva l ue . c . al wa yss ma l l e rt ha nt hef ut ur eval ue . d. al loft hes e . 2. Whi c hoft hef ol l owi ngf ac t or swoul ds how t hel ar ge s tval uef ora ni nt e r e s tr a t eof12% f ors i x pe r i ods ? a . Pr e s e ntval ueof1 b. Pr e s e ntval ueofanor di na r yannui t yof1 c . Pr es e ntval ueofanannui t ydueof1 d. Ans we rc annotbede t e r mi ne d 3. Ahi gheri nt e r e s tr a t er e s ul t st o a. i nc r e a s e damountofpr e s e ntval ue . b. dec r e as edamountofpr es e ntval ue. c .s amea mountofpr e s e ntval ue . d. Ans we rc annotbede t e r mi ne dduet oi ns uffic i e ntda t a 4. As hor t e rpe r i odr e s ul t st o a. i nc r eas e damountofpr es e ntval ue. b. de c r e as e damountofpr e s e ntval ue . c .s amea mountofpr e s e ntval ue . d. s hor t e ra c c ount ant . 5. Thepr e s e ntval ueof1f orape r i odofze r oe qual s a. 1. b. 0 . c . Er r or ! d. Ans we rde pe ndsont hei nt e r e s tr a t e 6. Ane nt i t ys e l l sgoodse i t he ronc as hbas i soron6mont hi ns t al l me ntbas i s .OnJ anuar y1,2 0x1, goodswi t hc a s hpr i c eof₱50, 0 00we r es ol da tani ns t al l me ntpr i c eof₱75, 00 0.Whi c hoft he f ol l owi ngs t a t e me nt si sc or r e c t ? a . Ne tr e c e i vabl eof₱7 5, 000i sr e c ogni ze dont heda t eofs a l e . b. Ne tr e c e i vabl eof₱5 0, 000i sr e c ogni ze duponf ul lpa yme ntoft het ot alpr i c e . c . The₱20, 0 00di ffe r e nc ebe t we e nt hec a s hpr i c ea ndi ns t al l me ntpr i c ei sr e c ogni ze dasi nt e r e s t i nc omeont heda t eofs al e . d. Ne tr ec ei vabl eof₱5 0, 000i sr ec ogni zedont heda t eofs al e. 7. Ane nt i t ys e l l sgoodsf or₱1 50, 0 00t oac us t ome rwhowasgr ant e das pe c i alc r e di tpe r i odof1 ye ar .Thee nt i t ynor ma l l ys e l l st hegoodsf or₱120, 0 00wi t hac r e di tpe r i odofonemont horwi t h a₱1 0, 000di s c ountf orout r i ghtpa yme nti nc as h.How muc hi st hei ni t i alme as ur e me ntoft he r e c e i vabl ei ft hee nt i t ydoe snotus et hepr a c t i c ale xpe di e ntal l owe dunde rPFRS1 5? a . 15 0, 000 b. 13 0, 000 c .1 20, 000 d. 11 0, 000

Us et hef o l l o wi ngi nf o r ma t i o nf o rt hene xtt woq ue s t i o ns : OnJ anua r y1, 20x1, ABCCo. s ol dat r ans por t a t i one qui pme ntwi t hahi s t or i c alc os tof₱1, 0 00, 000and ac c umul a t e dde pr e c i a t i onof₱300, 0 00i ne x c ha ngef orc as hof₱1 00, 00 0andanoni nt e r e s t be ar i ng not er e c e i vabl eof₱800, 0 00dueonJ anuar y1,20x4.Thepr e va i l i ngr a t eofi nt e r e s tf ort hi st ypeof not ei s12%. 8. How muc hi st hei nt e r e s ti nc omei n2 0x1? a. 68, 3 31 b. 76, 5 32 c . 85 , 714 d. 9 6, 000 9. How muc hi st hec ar r yi ngamountoft her e c e i vabl eonDe c e mbe r31, 20x2? a . 800, 0 00 b. 569, 4 24 c . 63 7, 755 d 7 . 14, 286 Us et hef o l l o wi ngi nf o r ma t i o nf o rt hene xtt hr e eq ue s t i o ns : OnJ anuar y1,2 0x1, Moj oCo. s ol dt r ans por t a t i one qui pme ntwi t hahi s t or i c a lc os tof₱20, 0 00, 000and ac c umul a t e ddepr e c i a t i onof₱7, 000, 0 00i ne xc hangef orc as hof₱5 00, 00 0andanoni nt e r e s t be ar i ng not er e c e i vabl eof₱8, 0 00, 000duei n4e qualannuali ns t al l me nt ss t ar t i ngonDe c e mber3 1,20 x1a nd e ve r yDe c e mbe r3 1t her e af t e r . Thepr e vai l i ngr a t eofi nt e r e s tf ort hi st ypeofnot ei s1 2%. 10.How muc hi st hei nt e r e s ti nc omei n20x1? a . 728, 9 46 b. 678, 3 34 c .7 28, 9 64 d. 7 04, 236 11.How muc hi st hec ur r e ntpor t i onoft her e c e i vabl eonDe c e mbe r3 1, 20x1? a . 1, 27 1, 036 b. 1 , 423, 56 0 c . 3, 3 80, 102 d. 1 , 594, 38 8 12.How muc hi st hec ar r yi ngamountoft her e c e i vabl eonDe c e mbe r3 1, 20x2? a . 4, 80 3, 663 b. 3 , 380, 103 c . 6, 0 74, 699 d. 6 , 000, 00 0 Us et hef o l l o wi ngi nf o r ma t i o nf o rt hene xtt hr e eq ue s t i o ns : OnJ anuar y1, 20x1,ABCCo.s ol dt r ans por t a t i one qui pme ntwi t hahi s t or i c alc os tof₱1 2, 000, 00 0and ac c umul a t e ddepr e c i a t i onof₱7, 000, 0 00i ne xc hangef orc as hof₱1 00, 00 0andanoni nt e r e s t be ar i ng not er e c e i vabl eof₱4 , 00 0, 000duei n4e qua la nnuali ns t al l me nt ss t ar t i ngonJ anuar y1 ,2 0x1and e ve r yJ anua r y1t he r e af t e r . Thepr e vai l i ngr a t eofi nt er e s tf ort hi st ypeofnot ei s12%. 13.How muc hi st hei nt e r e s ti nc omei n20x1? a . 408, 2 30 b. 278, 3 34 c . 32 8, 964 d. 288, 22 0

14.How muc hi st hec ar r yi ngamountoft her e c e i vabl eonDe c e mbe r3 1, 20x1? a . 1, 69 0, 510 b. 892, 8 57 c .2 , 690, 0 51 d. 1 , 594, 38 8 15.How muc hi st hec ar r yi ngamountoft her e c e i vabl eonJ anuar y1 , 20x3? a. 892, 8 57 b. 3, 38 0, 102 c . 6, 0 74, 699 d. 6 , 000, 00 0 Us et hef o l l o wi ngi nf o r ma t i o nf o rt hene xtt woq ue s t i o ns : OnJ a nuar y1,20x1,ABC Co.s ol dmac hi ne r ywi t hhi s t or i c alc os tof₱3, 000, 00 0and a c c umul a t e d de pr e c i a t i onof₱9 00, 0 00i ne x c ha ngef ora3 ye ar ,₱2, 1 00, 000noni nt e r e s t be ar i ngnot er e c e i vabl edue i ne quals e mi annualpa yme nt se ve r yJ ul y1andDe c e mbe r31s t ar t i ngonJ ul y1, 20x1. Thepr e va i l i ng r a t eofi nt e r e s tf ort hi st ypeofnot ei s10%. 16.How muc hi st hei nt e r e s ti nc omei n20x1? a . 88, 8 25 b. 177, 6 49 c . 12 8, 964 d. 164, 59 1 17.How muc hi st hec ar r yi ngamountoft her e c e i vabl eonDe c e mbe r3 1, 20x1? a. 1, 24 1, 083 b. 982, 3 78 c . 1, 6 90, 051 d. 1 , 594, 38 8 18.OnJ anuar y1 ,20 x1,ABCCo.s ol dma c hi ne r yc os t i ng₱3, 000, 0 00wi t hac c umul a t e dde pr e c i a t i on of₱1, 100, 0 00i ne x c ha ngef ora3ye ar ,₱900, 000noni nt e r e s t be ar i ng not er e c e i vabl edueas f ol l ows : Da t e Amo unto fi ns t a l l me nt De c e mbe r31, 20x1 4 00, 0 00 De c e mbe r31, 20x2 3 00, 0 00 De c e mbe r31, 20x3 2 00, 0 00 To t a l 9 00, 0 00 Thepr e vai l i ngr a t eofi nt e r e s tf ort hi st ypeofnot ei s10%.How muc hi st hec ar r yi nga mountof t her e c ei vabl eonDe c e mbe r3 1, 20x1? a . 467, 3 54 b. 4 38, 016 c . 37 6, 345 d. 4 28, 346 Us et hef o l l o wi ngi nf o r ma t i o nf o rt hene xtt woq ue s t i o ns : OnJ a nuar y1,20x1,ABCCo.s ol di nve nt or yc os t i ng₱1, 800, 0 00wi t hal i s tpr i c eof₱2, 200, 00 0anda c as hpr i c eof₱2 , 000, 0 00i ne xc hangef ora₱2 , 400, 00 0noni nt e r e s t be ar i ngnot edueonDe c e mbe r3 1, 20 x3. 19.How muc hi st hei ni t i alme as ur e me ntoft her e c e i vabl e ? a . 1, 80 0, 000 b. 2, 20 0, 000

c .2 , 000, 0 00 d. 2 , 400, 00 0 20.How muc hi st hec ar r yi ngamountoft her e c e i vabl eonDe c e mbe r3 1, 20x1? a. 2, 12 5, 390 b. 2, 13 5, 341 c . 2, 0 98, 343 d. 2 , 000, 00 0

“Not only so, but we also glory in our sufferings, because we know that suffering produces perseverance;” (Romans5: 3) -END...