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Question: Jun is 60 years old and has a current super balance of $550,000. He has just inherited a large sum of money and is looking to boost his overall superannuation balance for retirement. He has $650,000 in cash and would like to put as much as possible into his super fund. Jun is single and intends to continue working until at least age 65. His current salary is $85,000 per year.
a) What options does Jun have to contribute to boost his super balance?
b) How much can he contribute under each option?
1.a local furniture store is advertising a deal in which you buy a 3000 dining room set and do not need to pay for two
the chief financial officer of the company believes a more realistic scenario would be a 2 million increase in sales
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Explain the difference between variable and full costing - explain why income calculated under full absorption costing will be greater than income calculated under variable costing when production exceeds sales.
Assets A and B has commercial substance, record the exchange for both Flounder, Inc. and Culver, Inc. in accordance with generally accepted accounting principle
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Selected financial statement information is reported below for Cameron Corporation for the year ended December 31, 2012. Using the above data, determine the cash flow from operating activities for the year using the direct method. Show your work.
Based on the following information, compute the (1) current ratio and (2) working capital - Current assets $165,120 and Total assets 774,000
On January 1, 2020, Veruska Company issued 3-year bonds with a face amount of P3,000,000 at P106. How much is the carrying amount of the bonds payable
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