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Question - A guy gets a loan of 420.000.000 dollars, with an interest rate of 1.5% per annum 11 months later, the loan stands at 490.000.000 dollars because the loaning conditions have changed and on top of that the guy has spent 50.000 dollars on an attorney. Calculate the effective interest rate per annum?
Jane, age 65, who lives with her unmarried son, Jack, received $7,000, which was used for her support during the year. Her sources of support were as follows: Social Security Benefits $1,500 Jack 2,600 Carol, an unrelated friend 800 Dwayne, Jane’s so..
What amount should ITSS report as a liability for unredeemed coupons at December 31, Year 10? What amount of coupon expense should ITSS report on its Year
How is interest computed on an interest-bearing short-term note? When would debt that must be repaid within the next year be classified as long- term instead of current?
Calculate the amount of the gain reported by ABC Company as a result of its sale of the Davis Company stock. Do not enter your answer with a minus sign
Describe how you can apply Financial budget, cash budget, cash disbursements to help your family's finances. Explain in detail with example.
Wentworth Limited, a large conglomerate firm, plans to build a new toll way. The cost (NINV) of the project is expected to be $2 billion. Net cash inflows are expected to equal $550 million per year. How many years must the firm generate this cash in..
Several years ago, ABC bought DEF Company. DEF was a supplier of merchandise for ABC and one of the primary reasons for this acquisition was so that ABC could save money on these purchases. In the current year, ABC reports cost of goods sold of $1,00..
Quantitative and qualitative disclosures about market risk: Microsoft was exposed to various economic risks. What are four primary risks Microsoft identified
Compute net cash flows from financing activities. Madison Company issued 10,000 shares of $1 par-value common stock for $50,000 during 2020.
The entity owned a 10% interest in A Company. What amount should be reported as dividend income for the current year
Find what actual amount of manufacturing overhead cost was incurred during August 2013 and find what amount of manufacturing overhead was allocated to all jobs during August 2013?
What is the IRR of the replacement project? (Do not round intermediate calculations. Enter the IRR as a percent rounded to 2 decimal places.)
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