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Steve owns a car. He decides that he needs a loan in order to improve his house, so he goes to Liv. He agrees to give Liv a security interest in the car in exchange for $4,000. Two weeks later he decides that he needs more money.
He goes to Dane. He gives Dane a security interest in the car in exchange for $10,000. Dane files a financing statement to perfect the interest. A week after that Liv does the same. Eventually, Steve defaults in his payments. The car is reposed, and it is sold for $3,000. How much money will Dane receive? How much money will Liv receive?
Review again the current and historical financials. Consider that one of the company's key goals in its strategic plan is to exceed revenue of $25 million dollars by the year 2015.
To get a rough idea of the project's profitability, what is the project's expected rate of return for the next year (defined as the incremental profit divided by the investment)? Round your answer to two decimal places.
Discuss the reasons a consulting firm might use a normal costing system rather than an actual costing system. What might be some reasons for the firm to change from a one-pool to a multiple-pool allocation concept?
How can Avon have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par
Where do you see Excel being useful for anyone in the area of business when dealing with accounting, bookkeeping, and financial transactions? In your post, be sure to discuss accountants who are already using a computerized accounting system
On July 1, 2014, Bryant Ind issued $100,000,000 of 20 year, 9% bonds at a market interest rate of 10%, receiving cash of 91,420,905. Interest on bonds is payable semiannually on Dec 31 and June 30. The fiscal year is the calendar year. Determine the ..
Prepare an overhead budget for the expected activity level for the coming year and Prepare an overhead budget that reflects production that is 25 percent lower than expected.
Ajax Division desires to maximize its gross margin, should Ajax take on the new customer and drop its sales to Bradley for 2005, and why?
Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment. The balance in the prepaid insurance account, before adjustment at the end of the year, is $10,730.
On the basis of this information, explain how much cost would the firm anticipate at an activity level of 205,000 units?
Record the ending balances from the April 30 post closing trial balance into the ledger sheets or alternatively, you may create T-accounts on an Excel spreadsheet.
how should declared but unpaid dividends be recorded? the problem states that the company has a yearend date of dec
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