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Problem 1: Trevor Williams Company borrowed $10,000 from Mike Trout National Bank on May 1, 2019. Interest on the note, which accumulates at 6% annually, is paid when the loan principal is repaid. The loan remains outstanding on June 30 when both the Williams Company's and the Trout National Bank close their books to prepare financial statements. What is the effect on The Trout National Bank's pre-tax June 2019 income related to the loan?
A) Reduce June's pre-tax income by $50
B) Increase June's pre-tax income by $50
C) Increase June's pre-tax income by $100
D) Reduce June's pre-tax income by $100
What portion of Prisha's and Riya's income for current year will be included in consolidated return, assuming its income is earned evenly throughout the year
Hersh inherits $50,000 from his grandfather. He receives the money on January 1 and immediately invests $25,000 in General Motors bonds that pay 8% annual interest and $25,000 in Lane County highway improvement bonds with a 6% annual interest rate..
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Budgeted sales for December are 3, 500 units. The November 30 inventory was 550 units. What are budgeted purchases in units?
Sales, P 550,000; Sales Discount, 5%; Gross profit, P209,000; operating expenses, P150,000; Find the cost of sales ratio or cost ratio
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The Governmental Products Division's divisional segment margin is $255,000 and the Export Products Division's divisional segment margin is $59,800. The total amount of common fixed expenses not traceable to the individual divisions is $163,700. Wh..
a companys cash flow on total assets ratio equals 16. if average total assets equal 2937500 and total cash flows equal
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