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Problem 1: A student applied for NLSPS to pay for his tuition in Year 2, Year 3 and Year 4 of his undergraduate study. The tuition fee is $74,000 per year. Assuming the annual interest rate and the study interest rate are both 1.132%, calculate the monthly installment amount to pay off the debt in 120 months after graduation.
Problem 2: You borrowed $350,000 from a private financial institution. The monthly flat rate is 0.24% and you plan to pay it off in 6 years with monthly repayment. Interest is allocated based on Rule of 78. Find the amount of interest accrued in the final month.
Twice Shy Industries has a debt-equity ratio of 1.4. Its WACC is 9.4 percent, and its cost of debt is 6.7 percent. The corporate tax rate is 35 percent.
Prepare the entry on June 1, prepare the adjusting entry on June 30 and prepare the entry at maturity, assuming monthly adjusting entries have been made through November 30.
Prepare journal entries in all Funds journals and/or Activity journal for the related transactions provided. The following transactions occurred for the City of Fontaine’s General Fund. The budget prepared for the fiscal year included Total estimated..
Using the units-of-production method, determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year
Find the conversion price for a convertible $1,000 bond with a conversion ratio of 15. The market price of the common stock is $47.00 per share.
computation of machine hour overhead rate and product cost.cabigas company manufactures two products product c and
What is the purpose of the Statement of Cost of Goods Manufactured, example of direct labor cost for an airplane manufacturer
What are two groups of financial statements mandated by GASB Statement No. 34? For each group, what are the names of the individual statements that must be produced?
As a result of this improvement, the company estimates that the useful life of the equipment will be extended an additional five years. What should be the depreciation expense for this equipment in 2014?
What accounting method can a partnership, C-corp, and S-corp use? Use section numbers are reference.
what is the increase-decrease in overall company profites if this transfer takes place
Prepare the profit and loss account for the period. Explain what you understand by ‘period costs' and discuss your treatment of them in the calculations you have carried out.
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