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Question 1: Determine the discount period for a promissory note subject to the given terms.
Loan made on: January 25
Length of loan: 180
Date of discount: March 22
The discount period is ? Days
Explain the nature of share of BHP Billiton by distinguishing between an ordinary share and a preference share. (Assume that BHP Billiton had issued)
Account payable R29 150, Account Receivable R296 111, Annual sales R5 330 000, Cost of sales R2 660 000, Current assets R750 000, Current liabilities R310 000, Earnings R443 000, Inventory R533 000, Long term assets R430 000, Number of shares 49 961,..
Audits typically consist of three phases: Planning; Fieldwork; Reporting. Describe activities that accompany each phase. Distinguish between Assurance and Attestation Services. What is a Peer Review and how and when are they performed? Why does gover..
Indicate into which category each transaction or adjustment is placed in the statement of cash flows: operating (O), financing (F), or investing (I) activities.
After identifying suggestions for balancing the economic budget explain the importance of being able to identify various "variances" that may be identified?
Determine Deer Park's net income for 2011 and prepare a balance sheet for Deer Park as of December 31, 2011.
What are the three journal entries that are made to the Allowance for Doubtful Accounts for a company that uses an aging method to deal with bad debts. For each journal entry provide the accounts debited and credited.
In order to expand production capabilities, Mollena has decided that Mr.Speakers needs new equipment and a dedicated production facility. However, the cost of the new equipment and facilities is estimated to be $450,000, and none of you (the owners) ..
Analyzing Debt Terms, Yields, Prices, and Credit Ratings Reproduced below is the debt footnote from the 2013 10-K report of Dell Inc.
Compute depreciation expense on the machine for the year ending December 31, 2017, and the year ending December 31, 2018, using the following methods
What is the value of the stock to you, given a 11% required rate of return? Determine the expected rate of return for the stock.
Prepare the journal entry that was made to record the admission of Shaw into the partnership - shaw purchased 20 percent of the respective capital balances of Miller and Davis, paying $20,000 cash directly to each of them.
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