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1. On October 1, 2018, Microchip lent $90,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2019.
Context: Prepare the necessary adjusting entries at December 31, 2018, for the Microchip Company for each of the following situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded.
Lexi Inc. owns and operates a delivery truck. Compute gain or loss on the sale of the truck if the sales price was $40,000 cash. gain as "+" and a loss as "-".
European option on this stock has an exercise price of $98 and expire in 85 days (using 365 days). Calculate the price of Call Option and Put Option
The system would cost $40,000 upfront. It will generate net cash flows of $3,300 per year for 15 years. What is the net present value of this investment?
Mexican pesos per dollar, what is the expected future exchange rate in pesos per dollar in three years according to Interest Rate Parity (IRP)?
Question - What are the double-entry for unutilized tax losses and unabsorbed capital allowances carried forward
Huai takes out a $ 3200 student loan at 6.2% to help him with 2 years of community college. Find the total amount of interest accrue for Loan
Suppose Mirror’s operating activities provided, rather than used, cash. Identify three things under the indirect method that could cause operating cash flows to be positive.
Determine company's contribution margin.Illustrate explanation by calculating the contribution margin and contribution margin percent using hypothetical values.
Assume that all merchandise purchases are on account. How much cash was paid to suppliers for inventory purchases in 2019?
You are provided with the following information for Sunland Inc. Sunland Inc. Uses the Periodic method of Accounting for its inventory Transactions.
You need RM2,000 to buy a new stereo for your car. If you have RM800 to invest at 5 percent compounded annually, how long will you have to wait to buy stereo
Castille Corp. purchased land for $600,000. At what amount will Castille record the land on the June 30, Year 1, balance sheet?
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