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Problem 1: Daniel owes a financing firm P28,000 today and will settle this through quarterly payments for 2 years. If the rate is 18% compounded quarterly, determine his quarterly payment then show amortization schedule.
Problem 2: Mr. Lee's credit card balance as of April 30 was P17,984.28. The credit card company charges 3.5% interest per month, allows a minimum amount due of 15% of the previous balance but charges 7.5% of the minimum amount due for late payments. Mr. Lee made a total purchase of P9,785.36 for the month of May. Due also is the 1st of his 6 installments of P2,342 each. He made a late payment of P20,000 in May. Determine his credit card balance by preparing his statement as of May 31.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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