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Blossom, Inc., sells $201,000 of its accounts receivable to factors at a 2 percent discount. The firm's average collection period is 90 days.
Problem 1: What is the dollar cost of the factoring service? (Round answers to nearest whole dollar, e.g. 5,275.) Dollar cost over 90 days?
Problem 2: What is the simple annual interest cost of the loan? (Do not round itermediate calculations. Round answer to 1 decimal place, e.g. 15.1%.)
Problem 3: What is the effective annual interest cost of the loan?
What need to find form a partial amortization table for first Three months. ABC Company, re-schedule its mortgage with the Bank
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Find what is the payback period for a project with an initial outlay of $15,000 and cash flows of $4,000 p.a. for the next five years?
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He has spent the last month working with employees in the plant to change over the machines more quickly with the same reliability. He plans to produce 117,000 units of J25P and 48,500 units of J40X in the first quarter
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Explain the effect of accrued interest expense towards the determination of accounting profit and taxable income in relation to MFRS112 Income Taxes
A company should accrue a loss contingency only if the likelihood that a liability has been incurred is: In a period when costs are rising and inventory quantities are stable, the inventory method that would result in the highest ending inventory is:
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