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Question 1: Calculate the current loan outstanding (again, it is 10 years after the loan was initially taken out). Note that the new interest rate only applies from today onwards.
Question 2: Because Gerald's business is doing well, he decides to repay a lump sum of $10,000 immediately. To further reduce the amount of interest he is paying to the bank, he will increase his monthly repayments to $ 1,000 per month. How many full repayments of $ 1,000 does Gerald have to make in order to fully repay this loan?
Purchased inventory that cost $2,200 on account from Blue Co. under terms 1/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $110 were paid in cash.
melanie is the head of two different departments in the similar company. the toys department is doing very well but the
System of internal control, are Sally's actions a significant deficiency or a material weakness and explain your reasoning and rationale.
Why would the courts want to limit the ability of third parties to sue auditors who have been negligent? Are there any arguments that this liability should not be limited?
Calculate the new monthly repayment if Scott pays off the loan by the originally agreed date. Scott Larimore bought a house three years ago
Compute the $ change in "Total Assets" over the last two years. Do the same computation for "Stockholders' Equity." Do the same computation for "Long-Term Debt.
Write a two page report along with the solution. - Review the Consolidated Statements of Earnings and Comprehensive Income for 2012 and 2011. What was the income tax expense for each year?
On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th birthday, again on his 19th birthday, again on his 20th birthday, and a..
12.Procter & Gamble will pay an annual dividend of $0.65 1 year from now. Analysts expect this dividend to grow at 12% per year thereafter until the fifth year. After then, growth will level off at 2% per year. According to the dividend-discount mode..
The building is to be depreciated using the straight-line method over a period of 40 years with no salvage value. What is depreciation for year 1 and year 2?
An employee regularly earns $15 per hour for an 8 hour day with time and a half for overtime hours. Assuming that the employee works a 12 hour day, the total amount of overtime premium is
Record the journal entry for the purchase of the truck. Record the journal entry to record the depreciation at the time of the trade.
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