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Question - Sam want to buy a house. The sales required her to pay an initial down payment of 30% of the selling price and the balance to be paid in 36 equal monthly installments with an interest of 11.5% per annum.
Required -
How much will Sam pay as down payment should the house be sold at 1,500,000?
How much interest will it earn at the end of 36 months?
How much will be the monthly installments to be amortized to Sam as a payment of the house?
The conversion cost for the period in the bottling department is 360,000. Determine direct materials and conversion cost
Calculate the relevant unit and total cost of the special order, including the new information about batch-related costs
Kensington's capital balance is $32,000 after admitting Atchley to the partnership by investment. If Kensington's ownership interest is 20% of total partnership capital, what were?
The register total for March 16 is $17,820. All sales are subject to a 8% sales tax. Compute sales taxes payable
ABC Corp declared dividends of $1.50 per share on January 1, 2015. Record the entry to accrue dividends. Record the entry to pay the dividends
The property was sold to the Vice-President of Operations for P11,000,000. How much is the fringe benefits tax expense of ABC Corp
Your city has a voluntary health and welfare organization (VHWD) that provides musical opportunities for inner-city youth. It does not use fund accounting.
After a discount of 32%, a publishing company purchased an offset printing press for $50,000. Calculate the original price of the machine
Will the CPA firm be liable to the creditors who extended the money because of their reliance on the erroneous financial statements if Newell Corporation should fail to pay them? Explain.
Alicia was partially insured for the loss and in 2016 she received a $100,000 insurance settlement. What is Alicia's allowable casualty loss deduction for 2016
Required - Show the extract of the Balance sheet as at 31 December 2005 and the extract of the Balance Sheet as at 31 December 2006
Assuming Farell is deemed to be an active participant in Sierra Vista and he has a $280,000 loss. How much total trade or business loss Farell will deduct
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