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Problem1 : Sam would like to buy a new car but must complete a 2-year commitment to the army before he can purchase and drive the new car. The current price of the car that Sam wants to get id RM22,000, and the dealer expects the price of a similar new car to be RM24,000 in two years. If Sam can earn an annual interest rate of 3% on his savings, should he the car now or wait for 2 years. Explain and provide calculations.
A pet store is subject to a 5% sales tax. If the gross amount is $32,000 then the amount that should be carved out and recorded as sales taxes payable?
Bjorn owns a 35% interest in an S corporation that earned $200,000 in 2010. He also owns 10% of the stock in a C corporation that earned $200,000 during the year. The S corporation distributed $10,000 to Bjorn and the Corporation paid dividends of $1..
There are many challenges and opportunities facing managers in the long-term care system of the future. Describe what skills managers will need to meet those challenges and opportunities, and specifically what skills you personally would have or need..
Spartan bought the stock on February 14 for $10,100. Prepare the journal entry on Spartan's books on March 5
An upfront payment of $80,000 immediately. Calculate the present value of each alternative and determine which payment option the company should accept
Which is not a good example of the matching principle? Recognition of revenue for which associated expenses cannot yet be determined is delayed until.
Question - If you wish to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%
Do you believe the current tax system is effective at raising adequate revenue while not adversely impacting business and personal financial decisions?
What is the available production capacity? What is the break-even-point (BEP) in units? What is the contribution margin per unit?
Meower Corp. recieved a charter authorizing 120,000 shares of common stock at $15 par value per share. During the first year of operations, 40,000 shares were sold at $28 per share. 600 shares were issued in payment of a current operating debt of $18..
Cash Flow Statement - Ford Motor Company In a two- to three-page paper (not including the title and reference pages), explain the purpose of a cash flow statement and how it reflects the firm's financial status.
You made a down payment of $5,000 plus will pay $200 every two weeks (26 times/year) for 4 years starting in two weeks. Calculate the cost of financing
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