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Question - If you are receiving flat payments of 120,000 per year in retirement income for 36 years the total value of the payments would be 4,320,000. But if the inflation rate was 4% per year, what would the total value of all the payments be (what would the actual purchasing power of the total payments be) when adjusted for the decline in value due to inflation? If possible, please sow calculation in terms of present value and future value for number (N) and inflation rate.
Discuss the accounting treatment and disclosure for each of the following independent events and transactions. Assume that the tax rate is 25%
Fresh Company has outstanding 7%, What amount of unamortized premium on bond should Fresh report in its June 30, 2015 statement of financial position?
Chicago National Bank, which demands interest on the note of (10%,2). What is the amount DoKado Inc. will receive on the sale of the note?
Prepare the journal entry that was made to record the admission of Shaw into the partnership - shaw purchased 20 percent of the respective capital balances of Miller and Davis, paying $20,000 cash directly to each of them.
At the end of each year, Gibson still owned 30% of the goods. Net income for Sparis was $912,00 during 2011. What was the noncontrolling interest's share of Sparis net income for 2011?
Harry Ltd employ its staff on a five-day work a week, Prepare the appropriate journal entries when the wages are ultimately paid to the employees on Friday.
Make the journal entries to make the required adjustment in KK's consolidated financial statements for the year ended 30 September 2013.
What would the new amortization (depreciation) expense be per year on the machine? An extraordinary repair takes place on a 3 year old machine that cost $20,000
Evaluate the cost of abnormal rework and spoilage, goods completed, and ending work in process.
Which of the accompanying portrays interpretation hazard? The danger of organizations being not able to raise unfamiliar cash for global exchanges.
The vector q11.r contains, What is the 1% one-day historical VaR in dollar terms? Answer in decimal representation, and keep at least 2 decimal places.
For computing tax, it provides 15% depreciation under Written-down-value (WDV) method. If tax rate is 30%, the deferred tax amount in the first year is equal to
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