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Provide Sue with financial advice on which option has the potential to yield the highest monetary value. Support your rational with calculations using time value of money and comment on the risk return relationship for each option, assume interest rate on savings is 4% and is compounded semi-annually.
Question 1: Sue James is a 55-year old accountant who works at Ernst and Young (EY) who is about to retire. She has the following decision to make:
Option A - Select a lump sum gratuity payment of $120,000 with a reduced pension of $1,750 per month.
Option B - Select a monthly pension of $3,300 with no lump sum gratuity payment.
In addition, Sue has a loan of $72,000 with loan payments of $1,200 per month for the next five years.
Required (Show all workings and round amounts to the nearest dollar.) Prepare general journal entries to record the transactions and events for the period 1 July 2016 to 30 September 2019.
The following information is available for the first month of operations of Hobbies R Us, a manufacturer of art and craft items: Cost of Goods Sold, Direct Materials Cost, Direct Labor Cost.
Which of the theoretical perspective of regulation reviewed in this chapter might best explain the existence of laws that prohibit insider trading?
one of the processing departments at Wrightsel Corporation had beginning work in process inventory of $28,000 and ending work in process inventory of $18,000.
Search the Internet for at least one example of an actual organization that uses throughput or variable costing. Prepare a memorandum to your instructor that describes: The organization its name, industry, size, profitability, strategy, and so on. Th..
Michaels Company segments its income statement into its East and West Divisions. The company’s overall sales, contribution margin ratio, and net operating income are $640,000, 60%, and $64,000, respectively.
marginal costs calculations and the assumptions on capacity and requirement of fixed expenses.company xy manufactures
What is the cost of the asset being depreciated? What amount, if any, was used in the depreciation calculations for the salvage value for this asset? Which method will produce the highest charge to income in Year 1?
Kiddo Company manufactures and ships children's stuffed animals across the nation
How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.2? Do not round intermediate calculations
Sebastian purchases two pieces of equipment for $141,000. Appraisals of the equipment indicate that the fair market value of the first piece of equipment is $98,700 and that of the second piece of equipment is $155,100. What is Sebastian’s basis in t..
Write a 700- to 1,050-word paper analyzing the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories.
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