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Question 1: The financial manager of Dulo Company wants to determine the amount of cash outlays to be spent for the next period. He asked the help of the accountant and the latter provided a cash budget for the next year. According to the computations, the entity will be incurring cash expenses of $6,612,500 per month. The financial manager has estimated a cost of $40 per transaction in case non-cash asset is converted to cash. The firm's opportunity cost ratio is 12%. What is the optimum cash balance?
Complete journal entries: Jan. 1 Accepted Kent's 90 days, 10% note, as settlement of an outstanding. Received payment in full from Sam's. for outstanding note & interest
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Correction of a mathematical error in inventory pricing made in a prior period - a change from prime costing to full absorption costing for inventory valuation.
The loan would have an interest rate of 15%. It would be nonamortizing, with only interest paid at the end of each year. What is the cost of owning?
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Jennifer just celebrated her 25th birthday today. What is the value of Jennifer's investment on her 60th birthday if all invested funds earn 4.00% annually?
ABC Company purchased office supplies, Find The appropriate adjusting journal entry to be made at the end of the period would be.
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