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1. Briefly explain what is "utility". Briefly explain which is worth more, a dollar today or a dollar in the future (in your explanation be sure and explain "why")? How does inflation affect the value of money? Are we in a period of inflation or deflation today?
2. Briefly explain the three Uses and Misuses of Credit? In your answer please give an example of each. What is the difference between a want and a need (please explain in your own words).
3. Briefly explain the difference between open-end (revolving) and closed-end credit. What is the difference between fixed interest rate and variable rate?
4. Explain the value of personal accounting system. In your explanation why keeping good records is important and uses for these records. What is the purpose of a budget?
Compute the future value of Rs.5000 at the end of 6 years, whether nominal interest rate is 12 percent and the interest is allocated (payable) quarterly at frequency = 4 Soluti
Holding company with a subsidiary and a sub-subsidiary Where the subsidiary company has another subsidiary company, then that subsidiary is referred to as a sub-subsidiary compan
a,b,c carried on business and their profit and loss ratio 3:4:5.they decided dissolve the partnership as on 1st july,2011.the following balance sheet..... creditors-10000 loan A/c-
Case laws related to accounting for investment
The forecast income statements are as follows: WORKINGS Sales = 50000 × 1·12 = $56000000 Variable cost of sales = 30000 × 1·12 × 0·85 = $28560000 Fixed cost of sa
In the NPV analysis, sunk cost is not relevant whereas opportunity cost is for project evaluation. Requirements: Describe and justify the above statement about sunk cost an
Question 1: (a) Define program evaluation. (b) Discuss the four types of program evaluation that are usually carried in the Public Sector. Question 2 (a) You have
DIVIDENDS The dividends that appear in the consolidated statement of change in equity are for the holding company only. This is because the dividends of the subsidiary belong to
What is the implications of applying accounting concepts wrongly?
Ask quwhats taxtonomy of intermediaries estion #Minimum 100 words accepted#
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