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Assist with the below present value situation.
Using a present value table, calculator, or a computer program present value function, calculate the present value for the following: (Use appropriate factor(s) from the tables provided.)
a. A car down payment of $30,000 that will be required in eight years, assuming an interest rate of 14%.
b. A lottery prize of $6 million to be paid at the rate of $300,000 per year for 20 years, assuming an interest rate of 12%.
c. The same annual amount as in part b, but assuming an interest rate of 14%.
d. A capital lease obligation that calls for the payment of $8,000 per year for 10 years, assuming a discount rate of 8%.
Draw Jim's budget line (throughout, please put coffee on the vertical axis)-Use a budget line-indifference curve map analysis to explain which pricing scheme Jim prefers.
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Indicate whether each of the following independent situations should be treated as a temporary difference or as a permanent difference and explain why.
The use of accounting databases enables researchers to obtain data to help answer their questions more efficiently. Using the FASB Codification database and other sources such as the SEC Web site as guides, answer the following questions:
Who is the best employ in Dr. Conrad's office to reconcile the bank statement? Would a bank reconciliation uncover office fraud?
You're an IT auditor working for $15 million sales per year speciality chocolate candy manufacturer. The company is planning to engage in e-commerce over Internet. What would be your five biggest concerns regarding risk and why?
Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavourable or favourable.
Make the required end-of-period adjusting entries for each independent case listed below.
Assuming that the trend of sales indicated in part (1) is to continue in 2009, compute the unit sales volume to be used for preparing the sales budget for the year ending December 31, 2009. Place your answer in a columnar table similar to that in ..
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August 31 falls on a Thursday. On Friday, September 1, the part-time employee John J. Jones was paid $250 or $50 per day for a five-day work week which ended that Friday.
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