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Questions -
Q1. A car dealer is ready to let you have a $35,000 car for 72 end of the month payments of $715 each. If you think you can sell the car at the end of 72 months for $10,000 what is the rate that the car financing cost you?
Q2. A bank has a scheme where you deposit $10,000 and you get back $20,000 in 10 years. What is the rate that the bank is paying?
Q3. If you deposited $1,000 in a bank account earning 5% per year, how long will it take for the money to triple?
Q4. You would like to have a loan from a bank for 15 years. You are to make monthly payments at the end of the month at an interest rate of 6% per year, or 0.5% per month (6% / 12 = 0.5%). If the loan amount is $175,000 and you would like to keep $50,000 as a balloon payment at the end of the 15years, what monthly payment will you have to make?
excerpted from exxonmobilu2019s 2012 annual report is the following information about its inventories most of which are
What sort of organizations are likely to use the periodic inventory system? What kind of organizations will prefer to use perpetual inventory system?
Owl Co. Operating Lease First month's rent $50,000 Last month's rent 50,000 Installation of new carpet 600,000, what amount should Owl charge to expense
If the sales mix shifts to 4 units of Product A and one unit of Product B, than the company's total contribution margin ratio will
california mining began operations by issuing common stock for 92500. the company paid 83250 cash in advance for a
Explain the use of reciprocal ledger accounts in home office and branch accounting systems. Discuss in detail and provide the suitable example.
Albert contributes to CarlCo, a newly formed corporation, property worth $80,000 with a basis of $60,000 in exchange for 2,000 shares.
According to IIA guidance, which of the following strategies would be the most effective way to help ensure all key controls are managed effectively?
In 1993, Concord Company completed the construction of a building at a cost of $2,100,000. Compute the annual depreciation to be charged
Speedy Company completed Job 12 on June 30. The company pays its direct laborers 25 $per hour. What is the total cost of Job
At the end of the year, actual manufacturing overhead costs were $120,000, Calculate the predetermined overhead rate per machine-hour
the final processing department in carols production facility began the year with no work in process inventories.
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