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Questions -
QUESTION 1 - Today is July 1 and Barow Company will need a fixed interest rate loan of P1,200,000 for 6 months starting on October 1. The bank quotes an FRA rate of 8% for the loan. If the actual rate on October 1 is 10%, how much interest in pesos, should Barow pay the bank (actual cash outflow)?
QUESTION 2 - Garantea Company enters into an IRG arrangement with Metrobank for a 9 months, P800,000 loan starting 3 months from now. The IRG rate is at 11% and the bank quotes a premium of P4,000. Compute the effective interest rate if the actual interest rate 3 months from now is 8%?
Analysts should treat deferred tax liabilities that are expected to reverse as: A. equity.
Why do proprietary type funds use full accrual accounting?
US GAAP mandates for proper accrual journal entries to comply with the matching principle. Find an article that discusses how a business utilizes accrual.
The fixed cost is P400,000 and the variable cost is 60% of the selling price. In order to realize a profit of P100,000, what should be selling price per unit
After the accounts have been adjusted at October 31, the end of the fiscal year, the following balances were taken from the ledger of Smart Delivery Services Co.
What challenges would you face when comparing Barcelona's intangible assets to those of a football club without a strong football academy?
REQUIRED - Schedule to show the cost of goods sold and ending inventory using the first in first out (FIFO) method of costing
"Vaughn Manufacturing purchased a new machine on May 1, Year 9 for $550800. At the time of acquisition, the machine was estimated to have a useful life of ten.
laid off workers who become entrepreneurs because they cannot find meaningful employment with another company are
in a recent newspaper release the president of keene company asserted that something has to be done about depreciation.
Use the following information obtained from the records and management of Fultz Industries. A form for making inventory calculations and a form for completing.
Give the required entries on the partnership books to record the admission of Corrales under each of the following assumptions
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