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Problem 1: You purchased LG Side by Side Fridge from Courts Fiji Ltd on 05 October 2020 worth $8799 by making a deposit of $650. The payments will be made over two years on a monthly basis with the first payment due on 04 November 2020. The interest rate charged by Courts Fiji Ltd on hire purchases is 18% per annum. Calculate the monthly instalment to be paid over the two years.
1. How, if at all, will a $870,000 cash purchase of inventory affect the current ratio?
What should a loan proposal include? What are the different types of bank loans? Would any of them make sense for your business?
XYZ Company had total assets of $500,000 and total liabilities of $200,000 at January 1, 2016. At December 31, 2016, XYZ Company had total equity of $400,000. XYZ Company reported a return on investment (ROI) of 16% for 2016 and a net income of $93,0..
Things to do: Expound the following alternative courses of actions in order to make the company grow ( in two paragraphs each). A set of decision rules which can differentiate acceptable from unacceptable alternatives. Control of expenditures and car..
Examine GMMC's financial statements and then conduct a financial ratio analysis. Does the firm have adequate collateral in receivables and inventory?
Prepare the closing journal entries at October 31. What's the closing balance of the Capital account after the closing entries on October 31?
Prepare the journal entries to record the bond transactions for Year 1 and Year 2. (If no entry is required for a transaction/event, select)
Why is an entity permitted to change an accounting policy? The change would allow the entity to present a more favorable profit picture.
Prepare the closing entry required at September 30, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required)
For which of industries would you expect the highest average leverage ratios, based on Australia data? Which of statements is related to the Hamada Equation
There are several income statement formats, but why is the multi-step income statement generally accepted as the best format? Each Class Associate. What is a method a company might use control or distort the revenues and /or expenses which would impa..
What challenges may a firm have encountered (or is likely to encounter) in terms of incorporating ethics into financial management practices
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