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Q1. Isko bukol Company received a line of credit from its bank. The stated interest rate is 12%, deducted in advance. The line of credit agreement requires that an amount equal to 20% of the loan be deposited into a compensating balance account. On March 1, the company drew down the entire usable amount of the loan and received the proceeds of P340,000. How much is the principal amount of the loan?
Q2. Budol Company obtained a short-term loan of P500,000 at an annual interest rate of 10%. The bank requires that a compensating balance of 20% be maintained in the borrower's account. The compensating balance will earn interest of 2% per annum, payable on the maturity of the loan. Even before the approval of the loan, the company has been maintaining a balance of P50,000 in the account. Thus, in compliance with the bank's condition, the company will just deposit from the loan principal an amount of P50,000. What is the effective interest of the loan?
1. which of the following items would be includable in the gross income of the recipient?a. insurance payments for
Each unit of capacity is worth $6 plus $4 per automation rating. the Baldwin company will sell the capacity for 35% off. How much do they receive when
April 4. The following assets were received from John Addams: cash, Rs.1, 500,000; accounts receivable, Prepare a post-closing trial balance
june 11 purchased five jazelle jets from springview incorporated. the list price of the jets is 4250.00 each with a
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What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.
Suppose you bought a $1,000 par bond, 7% annual coupon payment with 5 years maturity when the market interest rate is 8%. After 1 year and immediately after you received the coupon payment you decided to sell the bond when the market interest rate..
These bonds were to mature on January 1, 2021, but were callable at 101 any time after December 31, 2014. Interest was payable semiannually
Pascoe's cash balance on 1 August was $220 000. Prepare a cash budget for Pascoe for August that includes expected cash balance on 31 August
the following data are the actual results for marvelous marshmallow company for october.actual output
Assume the first outflow occurs in period zero. The relevant per-period discount rate is 10%. Determine the IRR of this cash flow
Demonstrate the impact on the financial statements and the implication for different users of accounts of alternative ways of treating controversial accounting items
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