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Questions -
Q1-Robert made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years, the fund had an accumulated value of $45,000. If the RRSP was earning 4.50% compounded monthly, what was the size of the quarterly deposits?
Q2-Robert received a $29,350 loan from a bank that was charging interest at 4.50% compounded semi-annually.
a. How much does she need to pay at the end of every 6 months to settle the loan in 5 years?
b. What was the amount of interest charged on the loan over the 5-year period?
Q3-You plan to save money for a down payment of $32,000 to purchase an apartment. You can only afford to save $6,000 at the end of every 6 months into an account that earns interest at 5.50% compounded monthly. How long will it take you to save the planned amount? Months? and years?
Estimated net losses on assets disposal were P300,000. P200,000 assets are worthless. Estimated deficiency for unsecured creditors
Assuming it is more likely than not that one-half of the deferred tax assest will not be realized, prepare the journal entry to record income taxes.
Research one publicly traded company in which you are interested using the Internet and/or Strayer databases. Review its most recent statement of cash flows and income statement on the company Website.
Compare differences between nonqualified stock option plans and incentive stock options (ISO) plans. In addition, assume your employer is considering
1. a company had a 22000 favorable direct labor efficiency variance during a time period when the standard rate per
Variance analysis, working backward. The Hiro Corporation sells two brands of wine glasses: Plain and Chic. Hiro provides the following information for sales.
joanne believes that its time to start thinking about her future. her bank offers a savings account that compounds
jose purchased a delivery van for his business through an online auction. his winning bid for the van was 37500. in
Explain in you own words how the quote from Luke (below) might help guide a partner when dealing with an unwise decision of another partner.
Calculate the ending balance of each of the three accounts after the posting from the purchases journal. Indicate whether each balance is a debit or credit
What are the 3 metrics that you believe are appropriate measures of the effectiveness and efficiency of a mass transit system?
Alpha will withhold $210 federal income taxes. Prepare the general journal entries to accrue alphas Payroll expense for Bravo Zulu
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