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Questions -
Q1-Lush Gardens Co. bought a new truck for $50,000. It paid $5,500 of this amount as a down payment and financed the balance at 4.06% compounded semi-annually. If the company makes payments of $1,600 at the end of every month, how long will it take to settle the loan? years? months?
Q2-You plan to save money for a down payment of $30,000 to purchase an apartment. You can only afford to save $6,000 at the end of every 6 months into an account that earns interest at 5.75% compounded monthly. How long will it take you to save the planned amount?
private college transactions. elizabeth college a small private college had the following transactions in fiscal year
Blistre Company operates on a contribution margin of 30% and currently has fixed costs of $530000. Next year, sales are projected to be $3000000. An advertisting campaign is being evaluated that costs an additional $90000. How much would sales ..
Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept is important (use an example other than inventory control).
Carleton Service Center just purchased an automobile hoist for $14,947. The hoist has a 5-year life and an estimated salvage value of $1,410. Compute the payback period for the new hoist.
What are the benefits of adopting international accounting standards for (a) investors, and (b) business enterprises?
benskin corporations capital structure consists of 600000 of assets and 325000 of liabilities. the average interest
During the month, inventory costing $300,000 was completed and transferred to the Finished Goods Inventory. What was OE Cost of Goods Manufactured for the month
Peter transfers a piece of land to Partnership PAT for a partnership interest, The land had an adjusted basis in Peter's hands of $25 and a fair market value.
On October 1, 2018, Microchip lent $100,000 to another company. Prepare the necessary adjusting entries at December 31, 2018, for the Microchip Company
If the estimated manufacturing overhead for the year was $22,300, and the applied overhead was $29,700, what was the actual manufacturing overhead cost for.
The management of Berry ltd values any non-controlling interest in James Ltd at fair value. Prepare the consolidated Worksheet Journal entries for June
Calculate the gross profit rate under each of the following methods: last-in, first-out (LIFO); first-in, first-out (FIFO); and average cost.
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