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Questions -
Q1. Markus failed to make three payments of $2,500 scheduled one year ago, nine months ago, and six months ago. As his creditor has successfully sued Markus in small claims court, the judge orders him to pay his debts. If the court uses a simple interest rate of 1.5% per month, what amount should the judge order Markus to pay today?
Q2. An investor places $30,500 into a short-term 120-day GIC at the Bank of Montreal earning 0.5% simple interest. The maturity value is then rolled into another short-term 181-day GIC earning 0.57% simple interest. Calculate the final maturity value.
Once the drug is proven to be effective in clinical trials, it will be approved for sale by the government and patented by the company.
Miami Rivet had $12 million in net plant and equipment the prior year. What is the company's free cash flow (FCF) for the year that just ended
What is the total investment position of Mr. Jay in dollar terms? Given a margin requirement of 60%, Mr. Jay deposited $30,000 into his margin account
What is the present value of regular end -of -month $150 payments to a 10 year annuity earning 2.1% annual interest compounded monthly?
which assertion(s) for accounts receivable should the auditor be most concerned with? Why? which assertion for sales should the auditor be most concerned with.
ACOO1 - Prepare the necessary journal entries to eliminate the Intangible Assets accounts, and to set up separate accounts for each distinct types of intangible assets.
A company has $6.50 per unit in variable costs and $4.40 per unit in fixed costs, what price should be charged if 68,000 units are expected to be sold
Briefly distinguish between financial and managerial accounting as they relate to (1) the primary users, (2) the type and frequency of reports
10 percent, and a present value of $478,107 was determined. What amount of interest expense should Anderson recognize for Year One?
A 192-room hotel in year 2013 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and undistributed operating expenses were 24.7% of total revenue. What is the new GOP percentage for year 2014..
Determine whether the depreciation of the machine will lead to a deferred tax asset, or a deferred tax liability. What would be the balance of the deferred tax
Actual hours worked were 195,000 and actual overhead was $978,000. Compute the predetermined manufacturing overhead rate. Compute the applied manufacturing overhead.
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