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Questions -
Q1. You are asked to determine the amount of money should an investor deposit in a fixed deposit account paying 10% p.a simple interest if he would wish to receive R8,000 in 6 years' time?
Q2. Ms Adele deposits R 5,000 in a fixed deposit account with Bunting Road Bank for 8 years at a rate of interest of 10% p.a. compounded quarterly. How much will Mr Andrew receive upon maturity?
Q3. What is the annual rate of interest being charged by the Bunting Road Bank on a loan of R20,000 if R30,500 is to be repaid in one and half years' time in full settlement if interest is compounded half yearly?
Q4. If an amount of R40,100 is invested at 14% p.a. compounded quarterly, how long will it take to reach R224,328.27?
Q5. A father decides to invest R600 per month for 10 years at 10% p.a. compounded monthly to pay for his 15-year-old girl's tertiary education in 3 years' time. What amount of money will be available at the end of 3 years?
What investments has the company made in affiliated companies? How are consolidated and equity methods of accounting different?
Horace is an employee of Ace Electric Company. Ace provides all employees with group term life insurance equal to twice their annual salary. How much gross income does Horace have under each of the following assumptions?
Explain how a deferred annuity works as a tax shelter. How does a tax-sheltered annuity work, and who is eligible to purchase one?
Consider a 30 year, zero-coupon bond with a yield to maturity of 5 percent. Calculate the price of the bond now with the new yield
At December 31, 2016, Erwin Graphics has a $8,550 debit balance in Allowance for Uncollectible Accounts. Prepare the journal entry to record the year
Amortization in 2013-2015 included amortization on the P75,000 for the remaining life of the relevant patent. What is the carrying value of patent
The fair value of the differential is estimated at 80,000. How much is the goodwill (gain on bargain purchase)
1. find the discussion of depreciation methods in the notes section in your 10-k. what methods are used? discuss why
Amelie is an employee who uses her personal automobile in connection with her job. Compute Amelie's deduction before the 2% of AGI floor
he total revenues of $6,500, total expenses of $3,500, What is the net change in Retained Earnings for the month? Please show equations
Doylene Company recently purchased/retired some of its outstanding common stock. Doylene had 40,000 shares of $6 Par stock ($240,000 of Par outstanding).
Coolidge Company estimates that the factory overhead for the following year will be $196726. Find the over- or underapplied amount for the month
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