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Problem 1: Rico invested P5,000 for 3 years at 8%.
a) Find the amount of simple interest.
b) Find the compound interest if interest is calculated once per year.
Problem 2: Jun wants to save P500,000 before he buys his first car, and he has P50,000 right now to invest at 5$ interest compounded monthly, how long will he have to wait?
What is the meaning of internal control in the context of accounting? What is five examples of internal control procedures
Explain that it takes a variety of techniques and approaches to verify and corroborate audit evidence
Compute the total liabilities that would appear in the corporation's basic accounting equation (Assets = Liabilities + Owners' Equity (Capital Stock))
Notes receivable and interest collected by bank 5210 and Cash balance per books, 4/30 $15500. Calculate the adjusted cash balance per books on April 30
Countries as having four accounting values. Describe two (2) such accounting values and determine which best describes the Australian business environment.
Use the Control Procedures to answer the following- Identify the missing internal control PROCEDURE(S) in each situation. Identify each firm's possible problem created by not having the control procedure(s). Propose a solution
Prepare a consolidated balance sheet (January 1, 2012) - assuming the acquisition had taken place on January 1, 2012 (remember to provide work paper detail).
As of December 31, 2020, the prevailing rate of interest for all debt instruments is 14%. What is the impairment loss to be recognized
In the month of November Gavin Company Inc. wrote checks in the amount of $27,750. What is the amount of outstanding checks at the end of December
What was your impression of managerial accounting before the semester started vs. what you think about it now?Focus on one or two topics
New labor-saving machinery has been installed and will be fully operational by March 1
The reported net incomes for the first 2 years of us books corp. were as follow: 2017, $388,000, Prepare the correcting entry necessary
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