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Question 1: You own Howl Coffee Inc., and just decided to open up a new store in Riverside, CA. This will cost around $200,000 but you have $0 in your business account! However, three banks you have visited are willing to give you the $200,000 loan to fund the Riverside store. CSUSB Bank is offering you a $200,000 loan at 8.7% simple interest (no compounding). Bank of Riverside has offered you a $200,000 loan at 8.5% compounded daily (assume 365 days in a year). Finally, Bank of Redlands has offered you an 8.4% loan compounded monthly (12 times a year). What is the EAR of the most expensive (highest effective interest) loan?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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