On January 1, 2016, Belden, Inc. issued long-term notes payable for $50,000. The note will be paid over 10 years with payments of $5,000 plus 12% interest due each January 1, beginning January 1, 2017. Prepare the amortization schedule for the first three payments.

Belden, Inc.

Amortization Schedule

PeriodPV                  PMT          Interest        Deduction     Net Liability

2017   $50,000.00  $11,000.00  $6,000.00    $5,000.00    $45,000.00

2018   $45,000.00 $10,400.00  $5,400.00    $5,000.00     $40,000.00  

2019   $40,000.00  $9,800.00  $4,800.00    $5,000.00     $35,000.00

Explanation:

a) Data and Calculations:

Long-terms payable = $50,000

Period of note = 10 years

First payment = $11,000 ($5,000 principal + $6,000 interest)

Interest rate = 12%

Long-term payable after January 1, 2017 = $45,000 ($50,000 - $5,000)

12% Interest on payable balance of $45,000 = $5,400

Second payment = $10,400 ($5,000 principal + $5,400 interest)

Long-term payable after January 1, 2018 = $40,000 ($45,000 - $5,000)

12% Interest on payable balance of $40,000 = $4,800

Third payment = $9,800 ($5,000 principal + $4,800 interest)

Long-term payable after January 1, 2019 = $35,000 ($40,000 - $5,000)

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3