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Problem 1: A city has $2.5 million worth of school bonds that are due in 20 years and has established a sinking fund to retire his debt. If the funds earn interest at the rate of 7% compounded semi-annually, what must be deposited semi-annually into this fund?
What is the answer to Rent a Wreck, Inc. began operations on July 1, 2012. On July 1, the company paid $9,600 cash in advance for a one-year insurance policy
The following information for 2016 is available for Marino Company: Compute the cost of the ending inventory before the physical inventory is taken. Ignore Sales allowances in your computations. Compute the amount of the cost of goods sold that came ..
What the pro forma balance sheet reflects the impact of a company's strategic plan on its? revenue and expenses. / revenue and expenses
Company ABC is considering refunding a $40,000,000, annual payment, 12% coupon, 30 year bond issue that was issued 5 years ago. It has been amortizing $4 million of floatation costs on these bonds over their 30-year life. The company could sell a new..
The company declares and pay 1:5 bonus issue out of the company’s revaluation surplus. The company’s share capital is $500,000 and the value of the revaluation surplus is $200,000. Indicate whether this action lead to an increase, decreases or have n..
ABC reported sales of $300,000, write-offs of uncollectible accounts of $10,000 against the allowance for doubtful accounts, and a decrease in net accounts receivable of $40,000 during 2014. What would be ABC's cash collected from customers during 20..
The suspense account of Lubuto Ltd,What entry should be made in the suspense account to correct the error in relation to the trade receivables in note?
JD Enterprise will pay her RM35,000 per year until she dies. The interest rate is 8%. How long must she live after the day she retired to come out ahead
Compare the main features of financial products and providers and Analyse the effects on consumers of changes and trends in the financial market place
On June 1, 2017, Record all necessary entry/entries related to this contract on the June 30, 2017, when HIF closes its books of accounts dates
The petty cash fund of the Owls Agency is established at $200. At the end of the current period, the fund contained $33 and had the following receipts: Film rentals - $49 Refreshments for meetings - $56 (both expenditures to be classified as Entertai..
Edward worked at three jobs during 2011. he earned 40,000, 37,000 and 9,000 respectively from the jobs and claimed three allowances on each of his W-4's. What it the totla amount of FICA tax that would have been withheld for Edwards wages?
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