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(a) Erin put $400 into a savings account earning simple interest. She made no additional deposits or withdrawals. At the end of 3 years, she had $442 in her account. What was the interest rate on the account?
(b) Katie has a balance of $239.56. She deposits a check for $23.89 and a check for $89.06. Then Katie makes a withdrawal from the ATM for $150.00. What is Katie's new balance
(c) An account that is earning interest compounded quarterly will earn more interest than an account earning the same interest rate compounded monthly.
Elise endorses a negotiable instrument she received for painting work she hasn't yet performed "to the order of Karen." Karen takes the instrument for value.
A 2-year old asset is being considered for replacement. Its current market value is $13,000. What is the economic life of the asset
generally accepted accounting principles area a set of standards and rules that are recognized as a general guide for
If the stockholders' required rate of return is 15 percent, what is the expected dividend yield and expected capital gains yield for the coming year?
stone sour corp. issued 10-year bonds 2 years ago at a coupon rate of 7.80 percent. the bonds make semiannual payments.
Discuss whether good corporate governance is necessary for MNEs - Explain the theory of comparative advantage and What is the International Fisher Effect?
Demonstrate your ability to provide reasoning for your response to discussion questions - demonstrate your ability to provide reasoning for your response to discussion questions.
An investment project provides cash inflows of $404 per year for eight years. What is the project payback period if the initial cost is $2388?
The U.S. Treasury attempted to resolve the credit crisis by establishing a plan to buy mortgage-backed securities held by financial institutions. - Explain how the plan could improve the situation for MBS.
accrual accounting requires estimates of future outcomes.for example the reserve for bad debts is a forecast of the
distinguish between net income comprehensive income and continuing income. cite examples of items that create
Are they institutional shareholders (like mutual funds or pension fund organizations)? What are the implications of each type of majority shareholder with respect to the decision making that goes on at the firm?
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