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Question - Mary will start college in five years. She has just informed her parents that she wants to enroll for a five year course in chemical engineering. The total cost of the program will be $500,000 per year.Anticipating Mary's ambition, her parents started investing $100,000 per year five years ago and will continue doing so for five more years. The rate of interest is 10%.Required:
How much more will your Mary's parents have to invest each year for the next five years to have the necessary funds for Mary's education if the cost of education is assumed to come at the end of each year?
What amount should Lewelling's paid-in capital-excess of par increase as a result of this transaction?
Assume that Kilgore Realty, Inc., borrowed $80,000 from First City Bank and Trust. In recording the transaction, Kilgore erroneously recorded the receipt.
Cambridge Company is a small editorial services company owned and operated by Dave Maier. On December 31, 2008, the end of the current year, Cambridge Company's accounting clerk prepared the unadjusted trial balance shown at the top of the following ..
The asset account, Office Supplies had a beginning balance of $6,000 during the accounting period, office supplies were purchase ,on account for $5,400 A physical count. on the last day of the accounting period. show $2,000 of office supplies on hand..
Alamo completed the followingtransactions in January, 2010. Prepare journal entries in good form for these transactions.
a company had inventory on november 1 of 5 units at a cost of 20 each. on november 2 they purchased 10 units at 22
Analyzed the provisions of the Sarbanes-Oxley Act
opper corporation has 60000 shares of 1 par value common stock and 16000 shares of cumulative 7 100 par preferred stock
the charter of a corporation provides for the issuance of 102124 shares of common stock. assume that 36269 shares were
Were the earnings impressive because of the company's productivity and sound business strategy or because LucidCom took advantage of an acquisition and toyed with financial reports?
Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense?
tonga toys manufactures and distributes a number of products to retailers. one of these products playclay requires two
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