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Question - I borrow $2,000 at an interest rate of 6% per month to be repaid to my dad in 12 months ($100 at month 0 will result in $106 at month 1 because of the 6% interest per month!). I tell my dad I will pay him back at the end of each month according to the following schedule: $200 the second month, $500 the third month, $1000 the third month.
A. What will be the size of the payment at month 12 that will pay off the money I borrowed from my dad? Draw the cash flow diagram.
B. If the loan was repaid in equal end-of-the-month payments over 12 months, how much would each payment be? Draw the cash flow diagram.
What the journal entry to close the Sales Revenue, $750, and Rent Revenue, $175, accounts during the year-end closing process would be?
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The tax rate is 35% and the required return is 12%. The machine is expected to result in cost savings of $75,000 per year. What is annual operating cash flow?
My-Best Weight Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2012, the end of the current fiscal year, the balances of selected accounts from the ledger of My-Best ..
Paper should be not less than 4 and not more than 5 pages of text. Research the adoption and use of XBRL standards. Based on your research discuss the advantages and disadvantages.
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Mr Zulu wants to purchase an adjoining farm ('the subject farm') from his neighbour. What value would you estimate Mr Zulu should pay
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