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Problem - Evaluate alternative notes
A borrower has two alternatives for a loan: (1) issue a $180,000, 45-day, 10% note or (2) issue a $180,000, 45-day note that the creditor discounts at 10%.
a. Calculate the amount of the interest expense for each option.
b. Determine the proceeds received by the borrower in each situation.
c. Which alternative is more favorable to the borrower? Explain.
the per-unit standards for direct labor are 2 direct labor hours at 12 per hour. if in producing 1200 units the actual
Refer to the information above. If Retained Earnings at December 31, 2014, is $100,000, Equipment is carried in Hercules Manufacturing, Inc. accounting records at:$42,000.$58,000.$43,500.$345,000.
Please comment and discuss. For example, what advantages or disadvantages of market-based indicators for making investment (bonds, loans, stock) decisions?
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No taxable gifts had been made in any prior years. What is the total transfer tax (i.e., gift tax and/or GST) due with respect to these gifts
Dillard's, Inc., operates department stores located primarily in the Southwest, Southeast, and Mid-west. In its 2013 third-quarter report, the company reported Cost of Goods Sold of $ 1.0 billion, ending inventory for the third quarter of $ 1.8 billi..
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mozena corporation has collected the following information after its first year of sales. sales were 1710000 on 114000
On January 2, 2014, Floppy Co. issued 6% bonds with a face value of $440,000, Prepare the journal entries for the bond issue on January 2, 2014
Uhura Resort opened for business on June 1 with eight air-conditioned units, prepaid insurance is a one-year premium paid
FNSACC504 - Prepare financial reports for corporate entities - Prepare a classified balance sheet using the account format for San Pedro Industries
If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?
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