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Question - National Co. needs to borrow P300,000 for the next 6 months. The company has a line of credit with a bank that allows the company to borrow funds with a 10% interest rate subject to a 20% of loan compensating balance. Currently, National Co. has no funds on deposit with the bank and will need the loan to cover the compensating balance as well as their other financing needs. How much will National Co. need to borrow?
What factors would you need to take into consideration to determine if you want to incorporate or not? Explain your rationale, detailing the specific effects
Five years ago Gerald invested $124,000 in a passive activity, At the end of 2019, what is the amount of Gerald's adjusted basis in the activity
Pierre's Hair Salon is considering opening a new location in French Lick, California. Calculate the annual rate of return on the project
Describe the flow of an AP invoice through the system and the controls that should be in place. Explain your ideas and explain why
If this estimate of the percentage completion is used, what will be the cost of goods sold for the year?complete with respect to the conversion costs
in a sample of 200 republicans160 indicated they opposed the new tax law changes. while in a sample of 120 democrats 84
Using the most recent 10-K filed by Google (ticker GOOG), please answer exactly as presented in the 10-K. Compute the total assets
On January 1, 2020, MANGO Corp. issues $100 million of convertible bonds at par value. Determine amount of expense related to the convertible bonds
1. explain how accountants determine solutions to various accounting business demands.2. what basic accounting concepts
Purple never used the land for any business purpose during the time it was owned by the corporation. What amount of loss can Purple Corporation recognize
Cullumber Inc. issues $3,000,000, 5-year, 8% bonds at 102, Prepare the adjusting journal entry to record interest expense and bond premium amortization
On-The-Mark Construction began operations on December 1. In setting up its accounting procedures, the company decided to debit expense accounts.
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