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Question: My Hope Company is negotiating for a 4-month discounted loan for P200,000, at 12% per annum. The negotiated loan requires a 20% compensating balance. What is the effective interest rate of the loan? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.
Your company buys $250,000 worth of material on terms of 10% net 10. Which best describes how you should post that entry?
Sarah - cash of $2,000, accounts receivable with a FMV and tax basis of $1,000, and equipment with a FMV of $40,000 and adjusted basis of $3,500. Sarah also contributed a $23,000 note payable, and the partnership assumed legally responsibility for..
Management estimates that it costs $500 to analyze and close a commerical loan. This amount has been included in the $250,000 of inderict costs. How much of the $250,000 indirect costs should be allocated to the Consumer Department?
Discuss whether you think a government agency or a private body such as the FASB should set accounting standards. The response must be typed.
If the selling price is increase to $64.95 and the total fixed expenses are decreased by 10%, what will the new breakeven point be in units
Compute the labor time required to produce 8 and 16 units. Compare the cost of producing the 1st unit to the cost of producing the 16th unit
Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year
Each product uses skilled labour and the total hours of skilled labour. What is the maximum contribution margin that can be achieved next year?
Governor prepares its financial statements in accordance with IFRS. What amount was credited to bonds payable when the bonds were issued on January 1, 20X1?
Rays International depreciates non-current assets at a rate of 25% per annum. What is the company's depreciation charge for the year to 31 July
Greyhound Stables, Inc. operates several dog racing tracks. Is ethical for Greyhound to leave investment in the short-term investment category? Explain
What are the five major categories of ratios and explain how they could be used to help a firm. What are the most important liquidity ratios and why
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