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Question - The National Co. has a revolving line of credit of P300,000 with a one-year maturity. The terms call for 7% interest rate and a 1/2 percent commitment fee on the unused portion of the credit line. The average loan balance during the year was P100,000. What the annual cost of this financing arrangement?
Compute the MACRS deduction allowable for 2013, 2014 and 2015 for Oak Corp. If any asset was removed from service compute gain or loss on that asset.
Compute avoidable interest for Kingbird Company. Use the weighted-average interest rate for interest capitalization purposes
The EFT from a customer in payment of the customer's account of $1,200. What journal entry should be recorded by Egrane for the NSF check returned
the potter company reported net income of 225000 for the current year. depreciation recorded on buildings and equipment
Skylark Company started operation in January 1, 2019.Calculate the balance in the deferred tax asset or the deferred tax liability account at 31, December 2020.
Determine the materials price and quantity variances and the labor rate and efficiency variances. Compute the materials price and quantity variances for month.
At time of shipping of the goods when ownership is transferred. The payment is in cash. How should the cash receipts be recorded by Hairy Happy Harry Limited?
Lulu company received $95,158 cash instead of issuing bonds at 10% market rate and 5% of stated rate. Calculate the face value for the Bonds
Why is the role of entrepreneurs much more important in the new growth theory than in the traditional economic growth model?
The bondsare dated 1/1/19 and pay interest semiannually on 7/1 and 1/1. Record the issuance of the bonds
What do you think is the basis for charge - A frequent argument is that inductive reasoning is value-free because it simply investigates empirical evidence. Yet some charge that it is not value-free.
Allocating Joint Costs Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your position with evidence from the text or external ..
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