Reference no: EM133000489
Questions -
Q1) If Jessica deposited $3,000 in an investment fund that was earning 5.5% compounded semi-annually for a period of 3 years, calculate the accumulated value of the investment and the interest earned during the period.
Q2) The interest rate on a Guaranteed Investment Certificate (GIC) is 4.5% compounded daily. What was the purchase price if it has a maturity value of $37,290 in 300 days?
Q3) What single payment today would replace a payment of $6,000$6,000 in one year and $9,000$9,000 in two years if the interest rate is 5%5% compounded monthly?
Q4) On March 12, 2019, Jessica received a loan at 7% p.a. simple interest. She settled the loan on December 18, 2019. If she was charged an interest amount of $420.00, calculate the principal amount of the loan.
Q5) Answer the following problems rounding your answers to two decimal places.
a. What is $180 increased by 80%?
b. What is $90 decreased by 90%?
c. How much is $4,500 increased by 140%?
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Prepare the journal entries to record the restricted stock
: Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021
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What is the revised depreciation expense
: On January 1, 2022, Oriole decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2022
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What was the beginning balance in retained earnings
: If Sam paid dividends of $1,000 and incurred a net loss of $3,000, what was the beginning balance in retained earnings
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Prepare an incremental analysis for this situation
: The company paid $100,000 to upgrade their production equipment last year. Prepare an incremental analysis for this situation
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What was the purchase price
: The interest rate on a Guaranteed Investment Certificate (GIC) is 4.5% compounded daily. What was the purchase price if it has a maturity value of $37,290
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Which method of payment do you recommend for transaction
: A South African business owner is exporting a quantity of their product worth US$6,230. Which method of payment do you recommend for transaction
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Prepare a schedule of estimated cash collections
: Prepare a schedule of estimated cash collections from revenue for the first 6 months of 2020 for Bounce Athletics Ltd
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Calculate total manufacturing costs for the period ending
: Smart Manufacturing Systems Pty Ltd provides the following information: Calculate total manufacturing costs for the period ending 30 June 2019
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Discuss the ethical issues and accounting issues which face
: Assume IFRS16/AASB16 is effective 1 January 2019. Discuss the ethical issues and accounting issues which face the financial controller in the situation above
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