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Questions -
Q1. A company receives a 10%,90-day note for 150,000.
a. What is the total interest on the note?
b. What is the total amount paid if the company paid in full after 3 months?
Q2. Anna borrowed cash from a bank of 300,000 as initial capital for her business. The loan is payable within 3 years. The bank charge Ana 9% interest per annum.
a. Using simple interest method compute for the interest paid by Ana to the bank after 5 months
b. What will be the loan balance of Ana after 9 months of paying the monthly amortization?
How do calculate the net tax payable by Melbourne Awesome Ltd for the year ended 30 June 2019. (Assume company tax rate is 30%)
Journalize the transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank
Service Pro Corp (SPC) is preparing adjustments for its September 30 year-end. Show the September 30 adjusting entries that SPC would make
Division A of Dixon, Inc. has $5,000,000 in assets. Its yearly fixed costs are $684,000, What is Division A target full product cost
Prepare an income statement for the month using the variable costing method and Prepare an income statement for the month using the absorption costing method
bakers bagels llc produces and sells 20 types of bagels by the dozen. bagels are priced at 6.00 per dozen or 0.50 each
Explain the operational and behavioral benefits that generally are attributed to a participative budgeting process
Journalize each of the transactions assuming a perpetual Inventory system (Purchase Transactions). Purchased for cash $8,200 of merchandise inventory.
How do ethics codes apply to project selection and capital budgeting? What are the potential risks to a company of unethical behaviors by employees? What are potential risks to the public and to stakeholders? Please explain how Saint Leo's core value..
Calculate the payout ratio and return on common stockholders' equity ratio for 2012 and 2011. Comment on your findings
Invoices representing $1,200 of services performed during the month have not been recorded as of June 30. Prepare the necessary adjusting entries for January
For a project with cash flows of -$70,000 in the first year, and +$8,760 per year for each of 10 years thereafter, What is the project NPV
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