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A company wants to accumulate 8.000 TL at the end of 5 years. It starts quarterly payments in a bank account which pays J4=9%.
Question a) Find the size of quarterly payments.
Question b) After 3 years, bank decreases the rate to j4= 7%. Find the size of quarterly payments for last 2 years required to meet the 8.000 TL goal?
In the month of June, Jose Hebertâs Beauty Salon gave 3,560 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,900 and variable costs were 75% of sales. Determine the contribution margin in dollars, ..
On 14 July 2016, a rights issue of 1,280,000 ordinary shares were madeat $1.25 each. The underwriting commission and other shares issue costs forthe issue amounted to $15,000. The shares issued ranked equally with existing shares for dividend.
Colby is employed full time as a food technician for a local restaurant chain. This year he has incurred the following expenses associated with his employment. Colby was reimbursed $264 of the expenses from his employer's accountable plan. What amoun..
Southern Atlantic Distributors began operations in January 2013 and purchased a delivery truck for $100,000. Southern Atlantic plans to use straight-line depreciation over a four-year expected useful for financial reporting purposes. Complete the fo..
Michael has a program coaching football, basketball, and baseball. However, the baseball program is not doing very well and he is considering discontinuing his baseball coaching.
On December 1, George Company purchased $400 of supplies for cash. The purchase was recorded as an asset, supplies. On December 31, it was determined that various supplies had been consumed in operations and that supplies costing $300 remained on han..
Actual warranty expenditures totaled $48,000. The tax rate is 30%. At year end, Dash Corporation will have to pay taxes equal to?
Describe how financial target setting can motivate employees within an organisation. Provide two examples to justify your answer.
William Smith is a sole proprietor of a successful business. He is interested in incorporating to protect his personal assets. Which advantage of incorporation is most applicable? What are other advantages of organizing as a corporate entity?
Prepare a adjustments or corrections journals. Orders from PT Krakatau for sales on 12/28/2018 amounting to Rp11,000,000 of good
Jenson Company began the year with retained earnings of $250,000. During the year, the company recorded revenues of $350,000, expenses of $275,000, and paid dividends of $30,000. What was Jenson’s retained earnings at the end of the year?
On January 1, 2013, VKI Corporation awarded 12 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. On the grant date, the shares have a market price of $2.50 per share. Determine..
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