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Question - Mike plans to start a new business. He borrowed RM120,000 from a bank at 7.3% interest compounded every two months for 15 years,
a) Find the periodic payments for his loan.
b) Calculate the total interest charged for the loan.
c) Find the amount that he has to pay on the 6th payment, if he failed to pay the first 5 monthly payments.
d) After paying for 13 years, he plans to settle the loan with a single payment. Find the outstanding balance of the loan.
Assume the percentage-of-completion method of revenue recognition is used on a long term construciton contract. Under this method, revenues that are earned but unbilled at the balance sheet date should be disclosed
last month when holiday creations inc. sold 39000 units total sales were 287000 total variable expenses were 232470 and
Company A lost the lawsuit and it paid 13M a month later. What are the journal entry on 10/21/20Y1, 11/29/20Y1, and 12/29/20Y1?
Assume that the City of Amber maintains its books and records in a manner that facilitates the preparation of the fund financial statements. Amber City maintains a general fund, a capital projects fund, and a special revenue fund. During the curre..
Prepare an income statement for the adjusted trial balance of Hanson Storage. Prepare a balance sheet from the adjusted trial balance of Hanson Storage
The Bear Company collected the following monthly information on units produced and electricity costs
a cardboard poster containing 32 in2 of printed region is to have a margin of 2 in at top and the bottom and 43in at
After William's death the corpus of the trust will pass to William's son. If the life estate is valued at $84,250, what is the total amount of the taxable gifts
Cost of Goods Sold (Cost of sales) $1,400,000. Calculate the average number of days that inventory was held by Weller, Inc. during 2017
Fair value of the land at time of the sale was $40,000. What is the discount rate implicit in the amortization schedule presented above
State intangible assets which are specifically excluded to be recognised as intangible assets as per paragraph 63 of AASB 138 Intangible Assets.
1. What is organisational legitimacy and why might it be considered to be a 'resource'? 2. If an organization's management considered that the organisation might not have operated in accordance with community expectations(it broke the terms of the so..
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