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Problem 1: You estimate that you will have $44,500 in student loans by the time you graduate. The interest rate is 6.5 percent, compounded monthly. If you want to have this debt paid in full within five years, how much must you pay each month?
A. $745.69
B. $873.65
C. $870.69
D. $741.67
E. $880.40
Problem 2: You are buying a previously owned car today at a price of $8,125. You are paying $600 down in cash and financing the balance for 36 months at 7.9 percent, compounded monthly. What is the amount of each loan payment?
A. $198.64
B. $199.94
C. $202.02
D. $214.78
E. $235.46
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Generally accepted accounting principles (GAAP) and are audited by CPA firms. Do investors need to worry about the validity of statements?
Gideon Company uses the allowance method of accounting for uncollectible accounts.
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The annual interest rate is 5% and the loan is repaid over 6 years. Annual repayment of the note is $19,702. Journalize the issuance of the note
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A company believes it can sell 5,500,000, If the company desires to make a profit $2,000,000 on the mouse, what is the target variable cost per mouse?
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The tax rate for the current year is 30% and 40% beyond the current year. What amount should be reported as total income tax expense
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