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Questions -
Q1. On Sept 30,2015, Barry bought a car for P3,600,000. A down payment of P1,600,000 was made, with the balance due in 10 monthly installments, the first to be made at the end of October, Barry is to make monthly payments of P200,000 plus interest on the unpaid balance at 12%. What is the total collection on Jan 31, 2016?
Q2. Using the same information in the previous problem and Barry is to make equal monthly payments, each payment to apply first as interest at 12% on the unpaid principal and the balance as a reduction in principal, such equal payments are calculated to be P211,164.15. What is the unpaid balance of the installment receivable on January 31, 2016?
The volume is currently Baker's breaking even point. Use this information to determine the dollar amount of Baker Company's fixed costs.
On January 1, Year 1, Lessee entered into a 4-year lease. If no initial direct costs are incurred, what is the lessee's appropriate accounting?
Determine the amount of interest paid on a loan with the following veritable s round to 2 decimal places use simple interest assume 365 days in a year
You are purchasing a 30-year, zero coupon bond. The yield to maturity is 9.1 percent and the face value is $1,000. What is the current market price?
If the company uses the percentage of sales basis to estimate bad debts and anticipates 5% of net sales to be uncollectible, what is adjusting entry at December
According to the Normal model N(0.024, 0.056) describing mutual fund returns in the 4th quarter of 2007 in Exercise 21, what percent of this group of funds would you expect to have return
herzogg company organized in 2012 has the following transactions related to intangible assets. 1212 purchased patent
Indicate if assessable income has been derived and when it was derived in the above situations. A landlord receives rent in advance from his tenants.
Record the first cash payment to the holders of the bonds on 6/30/2020. Compute the book value of the bonds at the end of the fourth year (12/31/2023).
Have the Federal Reserve's countercyclical monetary policies been effective in moderating business cycle swings? Justify your response.
At Reyes Company, checks are not prenumbered because both the purchasing and the treasurer. List the weaknesses in internal conrtrol over cash disbursements
1. Briefly state Adam Smith's four requirements for a good tax system. 2. Based on the discussion in the chapter, evaluate how well each of these taxes meets Adam Smith's four requirements:
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