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Problem 1: You borrow $5000 on August 22nd this year. Your loan carries an interest rate of 8.41% simple interest. You make partial payments of $500 on September 15th and $1575 on October 17th. You want to make a final payment to pay off the remaining outstanding balance on November 21st. What is the size of your final payment?
Problem 2: A loan of $20 000 is paid over 5 years by monthly payments of $450. What is the nominal rate of interest on the loan?
What revenue two corporation received from investment in zep corporation was reported in 2012? Produce the dividend acceptance journal recorded
In 2007, Bell declared and paid dividends of $12,000. How much of the 2007 dividend was distributed to preferred shareholders?
Determine the depreciation expense, accumulated depreciation and net book value of the machine for the years 2007, 2008, 2009 and 2010.
Assuming that all the investments are classified as available-for-sale, use the spreadsheet Journal Entries to prepare the journal entries necessary to classify the amounts into the proper accounts.
Compare the recognition criteria for intangible assets acquired in a business combination to the ones for internally-generated intangible assets.
Discuss both the meaning of, and the basis for, fund accounting-a major consideration and constraint on governmental accounting procedures and how that compares to financial reporting that is handled with far less constraints in the for-profit sec..
Billy deposited 15,000 in his bank account and left it there for 10 years while the annual rate of interest was 8%. Interest compounds semiannually. At the intersection of what n and i would he find the factor to determine the future value of his inv..
The regression analysis for Cruz Catering gave the following results: Total costs = $3,000 + $1.90 meals + $15 jobs + $100 new products + $50 new customers. What are the estimated total costs in a month in which there are 3,000 meals prepared/sold, 2..
what is the gross profit - Revenue 2430000, Cost of sales 1336,500 Operating profit 340,200
Compute the following items for the statement of cash flows: Beginning and ending Plant Assets, Net, are $99,000 and $92,000, respectively. Depreciation for the period was $11,000, and purchases of new plant assets were $23,000. Plant assets were sol..
Determine for the carrying amount of the loan receivable on December 31, 2022. JKL Bank granted a P5,000,000 loan to a borrower with 10% stated rate
Marcus wants to purchase a home in six years. What is the future value of the investment, when marcus needs to make a down payment?
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