Bus Finance

• Compound Interest -The interest is computed not only to the original principal but also any interest earned in the previous period.
• Future Value -It is the estimated value of a current asset or investment at a specific time in the future based on an interest rate.
• Present Value -It is today’s value of money you expect from future income calculated at a specified level of rate of return.
• Cash budget -It is prepared in order to determine the financial needs of the company which shows the detailed lists of all cash receipts and expenses for a particular period.
• Production Budget -It refers to the number of units to be produced after the sales budget has been established and ending inventory has been set forth.
• Sales Budget -It refers to the planned volume of production that the company is expected to sell based on forecasted sales.
• Operating Budget -This budget shows the plan of operations and includes the details of sales, productions and expenses.
• Simple Interest -The interest earned or incurred is always computed based on the original principal
• Strategic Planning -The type of planning that covers the formulation of the long-term plans of a company.
• Financial Planning -It is defined as the forecasting of a business for future financing requirements and is also about setting goals and identifying ways to achieve them.
• Selling and Administrative Budget -. It shows the selling and administrative expenses in selling the products of the co
• Financial Statement - It is used to get financial information to assess the economic progress of the firm.
• Financial Plan -It is a document that contains assumptions made by those involved in financial planning.
• 26,250 -John obtained a housing loan for P 500,000 with an annual rate of 5.25 % for 5 years. Using simple interest. Compute for the annual interest
• 131,250 -John obtained a housing loan for P 500,000 with an annual rate of 5.25 % for 5 years. Using simple interest. Compute for the total interest
• 631,250 -John obtained a housing loan for P 500,000 with an annual rate of 5.25 % for 5 years. Using simple interest. Compute for the total amount to be paid at the end of the term.
• 29,078.60 -John obtained a housing loan for P 500,000 with an annual rate of 5.25 % for 5 years. Using compound  interest. Compute for the 3rd year interest.
• 145,773.96 -John obtained a housing loan for P 500,000 with an annual rate of 5.25 % for 5 years. Using compound  interest. Compute for the total interest for 5 years.
• 645,773.96 -John obtained a housing loan for P 500,000 with an annual rate of 5.25 % for 5 years. Using compound  interest. Compute for the total amount to be paid at the end of the term.
• 1599.2029 -China Bank is offering an interest rate of 5.75%. Using simple interest, how much was invested if he earned P 550  for 6 years?
• 2144.2029 -China Bank is offering an interest rate of 5.75%. Using simple interest, Compute the total amount to be received if he earned P 550  for 6 years?
• 757.03 -Rhea invested P20,000 for six years with an interest rate of 3.75% compounded semi-annually. Compute the annual interest for the 1st year.
• 4994.33 -Rhea invested P20,000 for six years with an interest rate of 3.75% compounded semi-annually. Compute the total interest.
• 24994.33 -Rhea invested P20,000 for six years with an interest rate of 3.75% compounded semi-annually. Compute the total amount to be received at the end of the term.