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Problem 1: What rate of interest did you receive over a period of 90 days if your principal was $5,000.00 and it has a maturity value of $6,000.00?
Problem 2: What principal will have a maturity value of $61,500.00 at 6.5% p.a. in 17 months?
Problem 3: In how many months will $9,100.00 grow to $9,818.75 at 6.41% p.a.?
Problem 4: Kennedy owed $925.00 to his friend a year ago and owed $600.00 to another friend 6 months ago. If he clears his debt today, what total payment is he expected to make, if the simple interest of 20% is applicable?
Kayla also took out a two-month loan for $40,000 on October 1 at 7%. How much is interest payable on the 12/31 Balance Sheet?
If the HDTVs are marked down to $650, how many would each store have to sell this year to make the same total gross profit as last year?
Minal Hair Products, a New York-based corporation is preparing financial statements for its financial year ended June 30, 2010. The equity capital on July 1, 2009 consisted of 1 million shares of common stock outstanding and 20,000 shares of $50 par ..
Sales for Blue Bill Corporation are projected. Prepare the monthly cash budget for Blue Bill Corporation for June through November.
What is the yield to maturity using the U.S. bond equivalent yield calculation? What is the yield to maturity using the German effective annual yield calculation?
A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an estimated useful life of 40 years. Equipment with a cost of $180,000 has an estimated residual value of $14,400, has an estima..
Explain non attitudes and how it could threaten things like our basic political process. Would you agree? Explain
At the end of year 10, Brave Corporation has a current ratio of 2:1. Which of the following transactions will decrease the current ratio?
Good Earth Products produces orange juice and candied orange peels. A 1,000-pound batch of oranges, costing $520, is transformed using the labor of $40 into 110 pounds of orange peels and 320 pints of juice.
Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $43,000. Budgeted cash receipts total $124,000 and budgeted cash disbursements total $118,000. The desired ending cash balance is $67,500. To attain its desired..
The following information is available for the pension plan of Radcliffe Company for the year 2014. Pension expense for 2014 $ SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record pension expense and the employer’s contribution to t..
Information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained earnings account?
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