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Use the present value formula to determine the amount to be invested now, or the present value needed if the desired accumulated amount is $15,000 after 7 years invested in an account with 4% interest compounded quarterly.
Prepare journal entries to record the June 2015 transactions for the business and post these journal entries to suitable T accounts and prepare an unadjusted trial balance as at 30 June 2015
If the current balance is $14,730, how long will it take for the account to be paid off? (Do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
On February 1, 2015, one of the huge storage tanks of Viking Manufacturing Company exploded. Windows in houses and other buildings within a one-mile radius of the explosion were severely damaged, and a number of people were injured. Discuss fully th..
Prepare a traditional income statement for each week. Calculate the average value-stream product cost for each week. What does this cost signal, if anything?
The total payroll for all it's employees for A company was $172,000 for the current month. The FICA-Social security rate is 6.2%, Medicare tax rate is 1.45%. None of the employees have reached the limit for FICA taxes. Given these facts what is the a..
Identification of the objectives of the article analysed Bodies of literature drawn on in the article and the articles research design
Use U.S GAAP to determine how to subsequently measure the following financial assets. Three choices of measurement basis are amortized cost, fair value through other comprehensive income, and fair value through profit or loss. Long-term loans that ar..
Allowance for Doubtful Accounts has a credit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customer ledger indicates the estimated amount of uncollectible accounts should be $16,000. Based on the estim..
You want to start a restaurant business. Your initial investment is $10,000, borrowed at 4% annual rate. Your cash flow for (at the end of) years 1, 2, 3, 4 and 5 are respectively $2400, $3100, $2100, $4300 and $5000. Using Present worth analysis..
On an involuntary conversion in which the taxpayer does not buy replacement property within the replacement period, the gain on the involuntary conversion and any tax due must be reported: With an involuntary conversion, what is the time limit to pur..
Which of the following is not a concept from the performance principle under generally accepted auditing standards?
calculation of salary payable net taxes.calculate and show all work for1 gross pay2 net pay for employee 12s weekly pay
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