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Beta bought a computer at a cost of $ 45,000. To finance the purchase, she signed a promissory note that requires six equal annual payments. Beta will make the first payment in a year. Each payment will be in the amount of $ 10,637.
Question a. Determine the interest rate on this note.
Question b. Prepare the wage entries Beta will do for the first payment and for the last payment.
Question c. Suppose that immediately after making the third payment, Beta refinances and signs a new three-year note for the amount owed on the first note and the interest rate is 7.5%, how much will be the annual payment on the new note.
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1. we produce wood tables. the standard costs are as follows per tablewood - 20.5 linear feet at a cost of 13.15
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talbot partners uses a consulting firm with clients across the nation. within the company is a travel group that
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The actual cleaning equipment and supplies for the month was $3,580. Compute the spending variance for cleaning equipment and supplies in April
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a companys balance sheet shows cash 24800 accounts receivable 17400 office equipment 53500 and accounts payable 18400.
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