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In 1880 five aboriginal trackers were each promised the equivalent of 50 Australian dollars for helping to capture the notorious outlaw Ned Kelley. In 1999 the granddaughters of two of the trackers claimed that this reward had not been paid. The prime minister stated that if this was true, the government would be happy to pay the $50.
However, the granddaughters also claimed that they were entitled to compound interest. a. How much was each entitled to if the interest rate was 4%? Future value $ b. How much was each entitled to if the interest rate was 8%? Future value $
What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries?
Which pair of accounts follows the rules of debit and credit, in relation to increases and decreases, in the same manner?
an aging of a companys accounts receivable indicates that 4500 are estimated to be uncollectible. if allowance for
ROCE measures return on assets after the fact. ARR measures potential returns. Why might a finance department be quizzing the proposal manager (PM) about the ARR? And more importantly, why is it important that the PM give a reasonable ARR?
utilizing a public policy of your choice from a local government where you reside prepare a paper assessing that
Sherman Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction.
What is the best way to explain accounting to a non-accountant? Analyze the importance of having a good understanding of accounting, and the implications of a lack of understanding have for business?
Selected transactions for Protheroe Corporation during its first month in business are presented below.
analyze and explain how you think big banks are or are not ripping off pension funds. support your response with
Determine the administrative costs calculated to each operating department.
Your beginning food inventory was $26,000. You have purchased an additional $24,000 and have accepted $12,000 in transfers from other locations. In total, you sold $39,000 worth of food for the same time period. Your ending inventory is $29,000. W..
you are part of a project management team evaluating accounting software packages that could be used by samps i.e. the
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