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Consider the solving of applied interest problems that you read about this week. Now, apply your knowledge of these models to a practical problem.
Please respond to all of the following prompts in the class discussion section of your online course:
1. Go to https://www.kbb.com/new-cars and choose a new car you would like to purchase. Go through all the steps of adding additional options to your car. Note the MSRP.
2. Then go to https://www.chase.com/ and click Products and Services and in the dropdown list click on auto loans and check auto loan rates. Input your zip code and compare with the standard auto loan rates. Summarize your findings.
3. Assume you are taking the loan out for 60 months. What would the simple interest and the maturity value be on your new car purchase?
4. Make up your own purchasing example and apply the I = Prt formula to this example.
Prepare the adjusting journal entry needed on December 31, 2006. Prepare the journal entry to record the sale of the Colorado Company stock during 2007.
Mark Wilson, chief of personnel, has been instructed to increase the hiring of women at the Morton Cement Company.
What is its new target variable cost per skier / snowboarder? Compare this to the current variable cost per skier / snowboarder. Comment on your results.
American leases various types of equipment and property, primarily aircraft and airport facilities. The future minimum lease payments required under capital leases
Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $2,600,000. Discuss the advantages and disadvantages of each plan.
Can the state revenue agency collect the outstanding payroll tax from greater under the Federal joint and several liability rules for tax obligation of consolidated return affiliates?
Prepare the 2009 journal entries for all of the following transactions and adjustments. Show full computations. You can ignore dates if not given. Round all amounts to nearest dollar.
Assuming that the company uses the percentage of receivables allowance method, prepare the adjusting entry on December 31, 2001, to recognize bad debts expense.
They made major capital improvements through their 10-year ownership, which totaled $50,000. What is their recognized gain
Making decision for discontinue production of subassemblies and purchase from an outside supplier.
Identify characteristics that distinguish NFP from business enterprises. Specifically identify, from most important to least important, five accounting issues relevant to NFP financial reporting and explain your rationale by reference to existing ..
How many shares does Bob own in Brown Corporation assuming the same facts as in a., above, augmented by BZ's ownership of Brown shares?
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