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The assets and liabilities of S Harrison as at 30 June 2012 are:
On 1 July 2011 when the business commenced, Harrison owed $58,000 on the land and buildings and $1,200 on the plant, which cost $5,200. At this time Harrison had no other assets or liabilities except $300 in the bank and $2,700 of stock. During the year drawings for personal use totalled $800 cash and goods of $90. Prepare a statement to determine profit for the year.
For a given IOS and MCC, how do financial managers decide which proposed capital budgeting projects to accept, and which to reject? For a given MCC and IOS, all independent pro
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Given that risk-averse investors demand more return for taking on more risk when they invest, how much more return is appropriate for, say, a share of common stock, than is appropr
How do financial managers calculate the average tax rate? Average tax rates are computed by dividing tax dollars paid by earnings before taxes (EBT).
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Briefly discuss the three approaches to the short-term financing problem and provide relevant examples of each?
The issuer will not have to disclose the rating to the public. The firm can, either independently or with the help of its investment banker, assess its shadow
How is a country’s economic well-being enhanced through free international trade in goods and services? As per to David Ricardo, with free international trade, it is mutually adv
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