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Question 1: Calculating the APR on simple interest and discount loans
Question 2: Find the finance charges on a 8.7 percent, 18-month, single-payment loan when interest is computed using the simple interest method. Assume that the loan amount requested is $1,000. Round your answer to the nearest cent.
Question 3: Determine the APR in this case. Round your answer to two decimal places.
Question 4: Find the finance charges on the same loan when interest is computed using the discount method. Round your answer to the nearest cent.
Question 5: Determine the APR in this case. Round your answer to two decimal places.
On January 1, 2014, Valley Company entered into a 3-year construction contract that had an estimated gross revenue of P3,000,000. The entity used the percentage of completion method in recognizing income on its books.
On December 31, 2015, when the bond has accrued market discount of $600, A sell the bond for $8,500. How much interest income does A recognize in 2015
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Net income for the year totaled $2,000. Compute return on assets - Rearrange balance sheet to be in standard British format.
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What discount rate would you use in analysing the option alternative? Why?
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The company manufactures a piece Power Ring to $ 3.40 per unit. This cost is based on the normal production of 50,000 units per year. Variable costs are $ 1.50 per unit, fixed costs associated with bringing this piece is $ 50,000 per year and (Alloca..
How have the size and functions of government changed during the last two centuries? did the framers of the U.S. constitution seek to limit the size of the federal government? if so, how?
Explain the reason for any difference in the ending inventory balances under the two costing methods and the impact of this difference on reported net operating income.
Suppose that a firm makes two products, A and B. The sales mix in units for the period is 70% for A and 30 % for B. If the unit contribution margin for A is $8.89 and the unit contribution margin for B is $5.38, then the weighted-average unit contrib..
If the income effect is in effect for all taxpayers, what average tax rate will result in an 8.5% increase in tax revenues?
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