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Question 1: If you deposit $5,000 in a savings account that pays 8% annual interest compounded monthly, and make no other deposits to the account, how much will you have after 5 years?
Question 2: In addition to the $5,000 as specified in the above problem, how much will you have at the end of 5 years if you also deposit an additional $200 at the end of each month for the entire 5 year period?
On January 1, x1, Brown Corp initiated a non contributory defined benefit pension plan for all six employees in its word processing department. The plan benefit formula provides that each year of service earns each employee an annual retirement benef..
What is the amount of goodwill resulting from the business combination?
Using the LIFO method: beginning inventory on August 1 has 2 items valued at $100 each. On August 8, three items were purchased for $250 per unit. On August 10, two units were sold. On August 20, two units at $300 each were purchased. What is the val..
The following information is extracted from the bank statement and the accounting records of Sun Corporation for the month of July, 2016: Prepare a bank reconciliation for Sun on July 31, 2016. Prepare the journal entries necessary to adjust Sun’s bo..
How much is petty cash fund? Prepare initial entry of variance upon discovery, if any. Company A's petty cash fund, which has an imprest balance of 5,000
Calculate your gain/loss from the futures contract as well as the balance of your performance bond account for each of the past three days.
The unadjusted trial balance of Blanton Department Store at December 31, 2017 is below. Prepare all the journal entries necessary to record the transactions noted above as they occurred and any necessary adjusting journal entries at December 31. Ensu..
Jill is the sponsoring broker of Gary a licensed salesperson. Gary listed property owned by Dennis and put a sign on the property with Jill's firm's real estate office number. Kera called Gary to inquire about buying the property. Is Kera a customer,..
Westerville Company reported the following results from last year’s operations: What is the % for last year’s margin? What is last year’s turnover? What is the ROI related to this year’s investment opportunity? What is the residual income of this yea..
On March 1, it was discovered that the following errors in the journalizing and posting transations: The receipt of $8,350 for services rendered was recorded as a debt to accounts receivable and acredit to fees earned the purchase of supplies of $310..
Calculate the debt-equity ratio and equity multiplier for each year. Calculate the NWC to total assets ratio for each year. (Round the final answers)
If bought a stock for $80 and sold it for $100 after a year, you also received a dividend of $15 in that year. What was the RETURN you received over the year?
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