財(cái)務(wù)會(huì)計(jì)概念與應(yīng)用英文版lectu(3)-wenkub.com
2025-01-03 21:28 本頁(yè)面
【正文】 2022 Thomson SouthWestern, a part of The Thomson Corporation. Thomson, the Star logo, and SouthWestern are trademarks used herein under license. 1 Chapter 10 LongTerm Debt Financing Albrecht, Stice, Stice, Swain 2 Present Values ? The value today of $1 to be received or paid in the future, given a specified interest rate. ? $ is the present value of $100 received in one year. $ $100 One Year Period at 10% rate Present Value 3 Future Values ? The value in the future of $1 to be received or paid today, given a specified interest rate. ? $100 is the future value in one year of $ paid or invested today. $ $100 One Year Period at 10% rate Future Value 4 Computing Present Values ? Using present value tables (Table I): ? Choose the time period and interest rate used. ? Multiply the factor by the amount to be received in the future. Period 7% 8% 9% 10% 12% 1 2 3 4 5 6 $100 X = $ 5 Computing Future Values ? Using future value tables (Table III): ? Choose the time period and interest rate used. ? Multiply the factor by the amount invested today. Period 7% 8% 9% 10% 12% 1 2 3 4 5 6 $ X = $100 6 Annuities ? A series of equal amounts to be received or paid at the end of equal time periods. ? Present values or future values can be puted for annuities. – Use number of periods and rate to find appropriate factor. – Multiply the factor by the annuity (payment) amount. Present value factor of annuity (Table II) X Payment = Present value 7 Notes Payable ? Longterm debt that is paid back at the end of the loan term. ? Interest is usually paid throughout the loan period. To record a loan from the bank (2 year 10% loan): Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 Notes Payable. . . . . . . . . . . . . . . . . 10,000 To record the interest for year 1: Interest Expense. . . . . . . . . . . . . . . . . . 1,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 To record the repayment of the loan and year 2 interest: Notes Payable . . . . . . . . . . . . . . . . . . . . 10,000 Interest Expense . . . . . . . . . . . . . . . . . . 1,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . 11,000 8 Mortgages ? A written promise to pay a stated amount of money. ? Secured by the pledging of certain assets. ? Liability recorded on the balance sheet is the amount borrowed (which is also the present value of the future payments). A pany takes out a 30year, $100,000 mortgage with monthly payments. The interest rate on the mortgage is 8%.
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