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Questions -
(a) Assume that you want to buy a new car and the interest rate you are offered is 4.8% APR, with monthly payments for 5 years. You can afford a payment of $550 per month. What is the greatest amount you can borrow?
(b) Now let's assume that you decide that $550 per month is more than you want to spend. In order to buy that same car (answer to part a), if you take your loan out over 7 years instead of only 5, how much more will you be paying in interest over the life of the loan compared to the previous loan (part a)? Hint, you need to first calculate the alternate payment, then your answer to this question is how much more in interest do you pay over the life of the 7-year loan over the 5-year loan for the same value of car, with financing at the same interest rate?
Panthers Corp. purchased 8,000 shares of Canes Corp., Prepare the journal entries required under IFRS as well as those that would be required under GAAP.
Immediately after a used truck is acquired, a new motor is installed at a total cost of $3,850. Is this a capital expenditure or a revenue expenditure
Calculate ending inventory, cost of goods sold, gross profit under each of the following methods
Which statements it true of the World Trade Organization (WTO)? it is beyond the scope of the WTO to monitor the provisions of the General Agreement on Tariffs.
a state requires large merchants i.e. those with sales over a specified dollar amount to report and remit their sales
During the year prepaid expenses decreased $7920 and accrued expenses payable increased $5280. Calculate the cash payments for operating expenses
Calculate the current ratio in each of the following separate cases (round the ratio to two decimals).
What should be the adjusted balance of Allowance for Doubtful Accounts at December 31, 2012
The Pizza Company is considering entering the marketplace in your community. Use the information from "The Pizza Company Data" worksheet, located in Week 3 (attachment) of your course shell, to complete this assignment.
stephen bosworth a super salesman contemplating retirement on his fifty-fifth birthday decides to create a fund on an 9
Conner Enterprises issued $150,000 of 10%, 5-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield
Sales declined in fiscal 2008. Does that mean that profitability, as measured by the gross profit rate, necessarily also declined
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