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Eric borrowed money last year to buy a new car for his part-time consulting work. The loan is a 3-year loan with 36 monthly payments. Due to his bad credit history, the loan he got is with a 12% annual interest rate compounded monthly. The monthly payment for Eric is $500/month. If Eric saved some money with this extra consulting work in the past year and is considering paying off this high interest rate loan, how much does Eric owe right after he paid the 15th payment at the end of 15th month? If Eric can use $10,000 of his savings to purchase a device now (at the end of 15 months) that can boost his consulting work income by 10%, should he purchase this device to boost his income instead of paying off his car loan, why?
module 11 what are the maturities on intels long-term debt?2 what are intels projected obligations on long-term debt
questionusing the information below and on the next two pages prepare the following as at 30th june 2014part a
Using the high-low method, estimate - The variable cost per occupied bed on a daily basis and the total fixed operating costs per month.
What is the cost of the asset being depreciated? What amount, if any, was used in the depreciation calculations for the salvage value of this asset?
An employee earned $3,300 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $117,000 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax f..
Calculate earnings per share and return on common stockholders' equity for 2010 and 2009 - weighted average number of shares of common stock outstanding was 80,000 for 2009 and 100,000 for 2010.
as the representative from your accounting firm or practice you are in charge of stock market analysis that will be
legal and accounting fees to set the business up and $9,000 for staff training. What are the tax consequences to Justin for these expenditures when the restaurant opens in July? For Rachel?
Calculate the total amount to be assigned to the ending inventory under each of the following periodic inventory methods: - FIFO - Weighted-average .
Prepare adjusting journal entries as of December 31. Was factory overhead under- or overapplied for the year? Factory overhead is applied at a rate of 80% of direct labor costs.
Your Corporation borrowed $500,000 on the instalment basis on January 1 of Year one. The note provides for 6% annual interest and equal annual payments of interest and principal of $48,912 on December 31 of each year the loan is outstanding. How much..
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
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