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Bill decides to purchase a new car for $37 000. He has $12 000 deposit saved but will need to borrow the rest. A stamp duty at 0.55% of the purchase price will be included in the loan and loan establishment fees amount to $210. He arranges a personal loan for the amount at a flat rate of 5.2% p.a. and he agrees to pay the amount back in equal monthly payments over 4 years.
Question a) Calculate the amount he will need to borrow.
Question b) What is his monthly repayment?
What are the major differences between managerial accounting and financial accounting
Using the case study Jim's Auto Body, prepare an audit program to audit revenue. You will use all of the relevant management assertions as the audit objectives.
Cash Flows of a government must be presented in four categories, rather than the three used by businesses
During the month of January, Katelyn invested $11,000 in starting her legal practice. Which of the following would be the proper journal entry?
Discuss How does exercising Christian principles play a part in running a successful business while operating within state and federal regulations?
Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50.
Calculate the total out of pocket expenses for both the purchase and the lease. Calculate the cost of the lease after taxes.
prepare an income statement an owners equity statement and a balance sheet for the accupuncture practice of bi loi from
The issuance of direct materials for use in production.
Reliance Corporation sold 5,300 units of its product at a price of $25 per unit. Compute the contribution margin for the company
On November 1, 2009, the Reid Corporation acquired bonds with a face value of $700,000 for $673,618.61.
Compute the net operating income - assuming that the company uses absorption costing, compute the net operating income. Show computations.
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