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Question - Makkari Inc. plans to borrow P425,000 for one year at 10% from Eternals Bank. A 5% compensating balance is required based on the contract of the loan. Makkari Inc. also keeps a minimum transaction balance of P20,000. What is the effective rate of interest?
a. 10.03%
b. 11.65%
c. 10.53%
d. 11.07%
Park Company reported the following March purchases and sales data for its only product.
1.quail co. can further process product b to produce product c. product b is currently selling for 60 per pound and
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Lejeune, Inc., an S corporation in Boone, north carokina, reports operating revenue of $400,000, taxable interest of $380,000, operating expenses of $250,000, and deductions attributable to the interest income of $140,000. Lejeunne's accumulated E..
How much would Division C's income from operations increase (decrease)? How much would Division A's income from operations increase (decrease)?
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