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Question - Interest Rate Calculations
Q1) A dealer quotes 5.3% for a 5-year deposit with interest paid once per year. What equivalent rate should he quote if the customer prefers to receive the interest quarterly?
Q2) "To what amount would USD 2,000 accumulate at 6.25% annual compounding for 3 years?"
Q3) "An investor deposits USD 3 million at 5.3% for 92 days. At maturity, he rolls over the whole principal and interest at 5.4% for 30 days. At maturity, he again rolls over the accumulated principal and interest at 5.6% for 62 days. What is his overall simple rate of interest earned over the whole six months?"
Brisbane Pty Ltd provides consulting services, Provide the journal entry (or entries) for Brisbane Pty Ltd to recognise revenue to be received from AFL Pty Ltd.
pure competition firms make economic losses, but monopolistic competitive firms make economic profits. d) pure competitors confront a perfectly elastic demand curve, while monopolistic competitive firms face a downward-sloping demand curve.
Prepare journal entries and record the October transactions in the T-accounts and key all entries with the number identifying the transaction.
Midlands Inc. had a bad year in 2016. For the first time in its history, it operated at a loss. The company’s income statement showed the following results from selling 80,000 units of product: Increase unit selling price 20% with no change in costs ..
Julia Katchum is in charge of the Eastern Regional Counterterrorism Computer Forensics Unit. Her recent investigations led her to believe that an imminent threat of a terrorist act in the Chicago area exists. What approach should John take in examini..
What is the entry on the retirement of the bond on December 31,20x2? The effective rate is 8%. On December 31, 20x2 after paying the annual interest.
For each cost listed above, show whether it is a direct or indirect cost of the Immunization Center, whether it is indirect or direct cost of immunizing exacting patients.
Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due, using the net method. If an amount box does not require an entry
On October 31, 2018, Damon Company’s general ledger shows a checking account balance of $8,418. The company’s cash receipts for the month total $74,460, of which $71,330 has been deposited in the bank. In addition, the company has written checks for ..
$219,400 note payable. How would this transaction be reported within the cash flow from investing activities section of the cash flow statement?
What do you think about quoting one price for patients and another for insurers? Does this case present an ethical issue? If so, to which party (or parties)?
Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear. How to Prepare the journal entries for the transactions
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