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Use excel financial function. RATE function. You are thinking about purchasing the washer and dryer for $2300 at store. The store persin has given you all the fiancing information, except for the interest rate of the loan. Suspecting a rip off, you would like to find out if the interest rate will be an wxorbitant amount. The payment quoted id $250 per month, the duration of the loan will be 2.5 years and the interest rate will be compounded quaterly. Write an excel fomula to determine the interest rate of the loan.
Ludwig, Inc., which owes Giffin Co. $1,600,000 in notes payable, is in financial difficulty. To eliminate the debt, Giffin agrees to accept from Ludwig land having a fair value of $1,220,000 and a recorded cost of $900,000.
casey companys bank statement shows a bank balance of 43267. the statement shows a bank service charge of 50. caseys
which of the following principles require the application of the lower-of-cost-or-market rule? answer accounting
question 1 buttercup corporation issued 250 shares of 11 par value common stock for 4125. prepare buttercup journal
Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.
What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some intangible assets not amortized? What is the implication to the financial statements?
air meals is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. the
What is the break-even point expressed in dollar sales? How many units must be sold to earn a net operating income of $100,000 per year? Prepare a formal income statement for the year ended December 31, 2011 under the following:
Information regarding Central Company's individual investments in securities during its calendar-year 2011, along with the December 31,2011, fairs value, follows.
Prepare journal entries to record the following transactions related to long-term bonds of XYZ Co. On July 1, 2008 XYZ retired $150,000 of the bonds at 102 plus accrued interest. XYZ uses straight-line amortization.
ryans operations are divided into metal casting and metal finishing. the casting department uses a departmental
1.why are top management support and cross-functional involvement crucial when attempting to implement an activity-based costing system? 2. why is the activity-based costing unacceptable for external financial reports?
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