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Question - A cable TV bill of $105 is shared between two house-mates, Nicholas and Crystal in the ratio of 1 : 2 1/2. Calculate the following, rounding to the nearest cent. (Question relates to Mathematics of Business and Finance).
a. How much should Nicholas pay?
b. How much should Crystal pay?
What was the prevailing interest rate, using compound interest
Peter McKenzie invested a retirement gratuity of $17,570.00, If interest on RRIF is 9.5% compounded monthly, for how long will Peter receive monthly payments?
Draw or show the banks balance sheet and determine the value of bank equity. Is it worried about falling or rising rates based on this duration gap?
Prepare adjusting journal entries for the year ended (or date of) December 31, 2005. Depreciation on the company's equipment for 2005 is computed to be $16,000.
Bruce Corporation issued 8,000 common shares in exchange for land that has a fair market value of $184,000. The entry to record this transaction would
Troy Baker Inc. reported these transactions during July. Beginning inventory was 1,000 units all at $50/unit. Find: Cost of goods sold, Value of ending inventory, and Gross profit if Troy Baker uses FIFO and a personal inventory system.
Show a stock card for Item1 and Item2 using the FIFO assumption. Adjust the stock card records for any stock losses or stock gains revealed by the stocktake.
On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $106,975; Allowance for Doubtful Accounts, credit balance of $1,046. What amount should be debited to Bad Debts Exp..
In the event that you were a famer developing harvests for market, how might you support your danger? By taking agreements to sell at pre-concurred forward cost
Schaefer Organic Farms purchased a new tractor at a cost of $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the tractor's useful life, the salvage value of the tractor is expected to be $5,000..
If interest rate is expected to increase, what characteristics and types of the bonds and stocks would have a better performance?
Joan Matel is a resident of Ontario, Calculate her 2019 federal and provincial Tax Payable before consideration of credits, and her average rate of tax.
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