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Work out several exercises to compute the EAR and APR on a loan. Be sure to use the Excel functions EFFECT and NOMINAL. What is the effective rate of a 4% APR loan compounded quarterly?
What is the nominal rate of a 5.62 effective rate compounded monthly?
An audit client is being sued for $500,000 for discriminatory hiring practices.
selzer equipment company sold 580 rollomatics during 2012 at 6780 each. during 2012 selzer spent 36200 servicing the
Assume that the company follows the practice of allocating all maintenance department costs incurred each month to the divisions in proportion to the actual machine-hours recorded in each division for the month. On this basis, how much cost would ..
What reasons might you have for hesitating?
Describe the effects that this transaction would have had on the company's financial statements. Assume that 600 million shares were outstanding at the time of the transaction, trading at a stock price of $ 33. Why might the board of directors have d..
Identify which ones are revenue or expenses and the combined rev and get a total and combined expenses and get a total then subtract and get you Net
swanson corporation issued 8 million of 20-year 8 percent bonds on april 1 2011 at 102. interest is due on march 31 and
Completed plans for a commercial building but did not immediately collect the fee of $15,000 due to financing problems with the builder.
Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods. Assume that the sale of August 1 was selected from the purchase of June 30. 2. Of the..
Discuss the overall significance of inventory turnover to a retail store. Compare Wal-Mart's 2012 and 2013 inventory turnover rate, and give your opinion on the way in which Wal-Mart could improve its inventory turnover ratio. Provide a rational..
you are an accountant at a local cpa firm that is auditing the accounting records of abc company. you have been asked
during 2012 edwards co. sold inventory to its parent company forsyth corp. forsyth still owned all of the inventory at
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