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Krebsbach Company is negotiating a loan with FIS Bank. Krebsbach needs $900,000. As part of the loan agreement, FIS Bank will require Krebsbach to maintain a compensating balance of 15% of the loan amount on deposit in a checking account at the bank. Krebsbach currently maintains a balance of $50,000 in the checking account. The interest rate Krebsbach is required to pay on the loan is 12%; the interest rate FIS pays on checking accounts is 4%.Instructions:
1. Compute the amount of the loan.
2. Determine the effective interest rate on the loan.
Evaluate Peter's 2012 diluted earnings per share. Evaluate the amount of retained earnings available for dividends at the end of 2013?
Indicate the deficiencies in the income statement presented above. Assume that the corporation desires a single-step income statement.
Betty DeRose, Inc. uses job order costing. Manufacturing overhead is applied to jobs using a PDR of 140% of direct labor cost
On June 1, 2012, Josh purchased a used automobile that cost $24,000. The car is used 60% for business and 40% for personal use. (Assume this percentage is maintained for the life of the car.) Determine the cost recovery deduction for 2013.
1 differentiate between the accounting provisions for revenue recognition for patient revenue and bad debts for
Determine the weighted average number of shares outstanding as of December 31, 2012.
What is the balance in Cartwright's capital account at the end of that year?
this is a project due by the 18th of april. get a magazine newspaper etc. online or otherwise choose an article
The tax rate is 35%. Calculate operating cash flow using the four different approaches described in the chapter and verify that the answer is the same in each case.
1. what is sales order processing system?2. what is data flow diagram? define.3. how might data flow diagram going to
Douglas manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product Units Produced Sales Value at Split-Off Additional Costs Sales
Prepare the adjusting entries for the month of April. Show computation - Depreciation on the equipment is RM 500 per month.
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