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Question - Nick has a MasterCard with an annual percentage rate of 24.0%. His previous balance for his July billing cycle is $3,064.93. In August (billing cycle Aug.1-Aug.31) he made a $94.15 purchase on August 14th. He made a payment of $212.50 on August the 22nd. Find the following Values:
a) What is the Average Daily Balance?
b) What is the Finance Charge?
c) What is the New Balance?
Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.
Problem: Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year).
question 2 deep blue manufactures floatation vests in charleston south carolina.nbsp deep blues contribution margin
Purses are budgeted to sell for an average price. Prepare a pro-forma income statement for the second quarter. Prepare a pro-forma balance sheet as of June 30.
o. guillen beginning capital 60000 and k. williams beginning capital 90000 are partners. during 2010 the partnership
you live in a town with 300 adults and 200 children and you are thinking about putting on a play to entertain your
Verify the tax advantage of debt financing by comparing the balances of the Retained Earnings account in Forecast 2 and Forecast 3.
The fair value of the equipment on the date of sale was €100,000. Record the entry showing how much revenue should JS Co. record on April 1, 2018
Quick bites has a restaurant that is opened all day. Fixed costs total $450,000 per year. Calculate the revenues needed to earn the target net income.
on january 1 2010 alsip corp. acquired 30 percent 13000 shares of stone services inc. common stock for 1300000 as a
Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month.
Risk aversion implies which some securities will go unpurchased in market even if a large risk premium is paid to investors.
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