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1. Kevin bought a new car for $22,000. He made a down payment of $9,500 and has monthly payments of $308.10 for 4 years. He is able to pay off his loan at the end of 30 months. Using the actuarial method, find the unearned interest and payoff amount.
A) u = $356.02; payoff amount: $5,853.88 B) u = $391.62; payoff amount: $4,948.08 C) u = $356.02; payoff amount: $5,497.86 D) u = $391.62; payoff amount: $6,047.65
Monica (not in the loan business) loaned Lateisha $25,000 two years ago. During the current year, Lateisha declared bankruptcy. The bankruptcy trustee informed the unsecured creditors that no assets are available for distribution from the bankrupt..
How does the phrase perception is reality apply to Bear Stearns?
Tex's applies an overhead rate of $10/unit based on 200 units. If Tex's produces 210 units and has a flexible overhead budget of $1,900, the overhead volume variance is:
Assuming that all sales are on credit, compute the current ratio (two decimal places), inventory turnover ratio (one decimal place), and accounts receivable turnover ratio (one decimal place) for 2013. Explain what each ratio means for Cintas.
Reisner Company assembled the following information in completing its March bank reconciliation: balance per bank $11,460; outstanding checks $2,325; deposits in transit $3,750; NSF check $240; bank service charge $75; cash balance per books $13,200...
shown below are responsibility income statements for roberts inc. for the month of march. investment centers roberts
finestra corporation produces a single product that it currently sells for 10. fixed expenses are 120000 for the year
Make the adjustment needed to prepare the governmental activities column of the 2012 government wide statements Record the year 2013 transactions in the General Fund, including the year end adjustment needed to prepare the fund financial statements.
In addition Explain what type of manufacturing would use the "Process Cost Accounting" to account for cost of manufacturing.
harris corp. recently purchased a manufacturing facility for 2.5 million. the company will depreciate the facility by
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cottrell inc. is investigating an investment in equipment that would have a useful life of 9 years. the company uses a
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