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Question - Karla and her family plans to purchase a house in Dural this year, the selling price for the house is $1.8 million. She wants to borrow 80% of the total capital from the bank using a principal and interest loan and pay 30-year monthly mortgage payments, ANZ bank received her loan application and provided a valuation report based on current market conditions .However, the bank valuation is conservative , stating the market value is only $1.5 million , and to lower the risk from the bank 's side ,it only approves the loan with an LVR (Loan to Value Ratio) of 70% or less.
If Karla wishes to borrow as much as possible from ANZ bank, how much will her monthly payments be for such a mortgage? The current interest rate from ANZ is 2.19%A. Ignore other costs.
Doubtful accounts had a debit balance of $827 instead of a credit balance of $2,653, prepare the adjusting journal entry for bad debt expense.
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Cash paid to acquire fencing materials to mark out the area-of-interest 20 000. Determine the amount of the E&E asset to be capitalised
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If the reporter were to subject the president's statement to statistical scrutiny by questioning a sample of the company's residential customers, would the test be one-tail or two-tail? What would be the appropriate null and alternative hypotheses..
Millburn Company has acquired a property that included both land and a building for $510,000. The company hired an appraiser who has determined that the market.
Assume that Zollinger uses the DOUBLE-DECLINING balance method for calculating depreciation. What amount will be reported as "Depreciation Expense"
Prepare a flexible budget estimate. Present side-by-side the budget, flexible budget estimate, and actual surgical revenue (and related volumes)
Calculate the price Ithaca would have paid for the Cortland bonds on January 1, 2011 (ignoring brokerage fees), and prepare a journal entry to record the purchase.
Mystic Pizza Company purchases a franchise from NY Pizzeria, Inc., for $96,000 on June 1, Year
Which Management's disclosures in the financial statements with regard to a going concern uncertainty include? the principal conditions or events that raised
Accrued expenses - ? 18,750; accrued interest income - ? 2,500; delivery expense - ?10,600. How much is the net income for the year ended?
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