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Question - Suppose you took a personal loan in 2018 from City Bank amount of 9 lacs taka for the period of 4 years at 11% interest rate. However, according to the instruction Bangladesh Bank regarding interest rate reduction to 9% for all types of loan. Thus city Bank also reduce your interest rate from 11% to 9% after payment of 15 instalments. Instalments need to pay in every month. In this situation crate a loan amortization schedule for this loan and (i) calculate the total amount of money you have to pay for the loan (ii) If you wanted to settle your loan after 25 instalments you have to pay 1.5% extra settlement charge. So how much money you need to pay to Bank.
Compute Cheyenne's 2020 diluted earnings per share. (Round answer to 2 decimal places) Cheyenne Corporation reported net income of $269,280 in 2020
Current interest rates are 5.4 percent APR with weekly compounding. What is the present value of the annuity? Show your work
McGill, Smyth, and Coburn have given $30,000, $25,000, and $20,000 cash to the partnership respectively. How much of the partnership profits is given to McGill
What is ShaTin Company's cost of equity? Under the tax rate of 20%, an unlevered firm ShaTin Company's WACC is currently 11 percent.
What is her FICA tax obligation for the year? Assume Brooke works for Company A for half of 2016, earning $50,000 in salary, and she works for Company B for the second half of 2016, earning $70,000 in salary. What is Brooke's FICA tax obligation for ..
On April 3, 2020, a customer's account balance of $4,000 is written off as uncollectible. Record the write-off in general journal form
Prepared the adjusting and closing entries, Smith Manufacturing, Inc. has asked that you prepare a classified Balance Sheet, a multiple-step Income Statement, and Cash Flow Statement using the indirect method.
Cost flow assumptions—FIFO and LIFO using a periodic system The beginning inventory was 600 units at a cost of $20 per unit. Goods available for sale during the year were 2,600 units at a total cost of $57,600. Calculate the number of units purchased..
Prepare the cash bank account in the general ledger as a result of the adjustments required to balance the account to the bank statement for the month
landline corporation is a public company with a calendar year-end. landline provides a wide variety of
Should Markham Hotel sell at the higher price? If Markham Hotel sells its standard room at $100 and deluxe room at $120, it will have 100% occupancy.
Sam Will is from New Zealand and now he is interested in investing. What is the difference between a momentum and a contrarian investor?
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