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Question 1: You deposit N700,000 in a bank today for 4 years at 12% annual interest. The interest on the deposit is compounded quarterly. How much will the deposit grow to at the end of 4 years?
Question 2: A farmer had buried N500,000 on his farm. His son had convinced him to take the money to a bank. The farmer decided to take only N400,000 to his son's bank. If the Cash Reserve Ratio is 27.5% and the Liquidity Ratio is 30%, what quantum of new money will the banking system create out of the farmer's deposit?
Question 3: A project costs N3 million and is expected to last for 10 years, yielding a cash flow of N500,000 yearly. If the cost of capital is 20%, what is the Net Present Value (NPV) of the project? Should be project be adopted?
If the company’s intention is to turn around the investment and generate a short term profit, then this is considered the asset is a srading Security and is reflected on the Income Statement; unrealized gain/loss are reflected on the Balance Sheet as..
In addition, Sami received stock with a fair market value of $50 in exchange for services she provided to the corporation in the incorporation process. Which of the statements best describes the tax result to Sami as a result of the exchanges?
Price Mart is considering outsourcing its billing operations. A consultant estimates that outsourcing should result in after-tax cash savings of $9,000 the first year, $15,000 for the next two years, and $18,000 for the next two years. Interest is at..
The tax rate is the same as in first quarter 1988. Other income and corporate expense is the same as in year ending Feb. 29, 1988. Corporate expense was inferred from Exhibit 8, using interest expense and other income data from Exhibit 7.
On January 1, 2014, Lennon Industries had stock outstanding as follows. 6% Cumulative preferred stock, $106 par value, issued and outstanding 10,700 shares $1,134,200 Common stock, $11 par value, issued and outstanding 264,000 shares 2,904,000 To acq..
Market sold $1,000 of goods on credit with terms of 2/10,n/30. The required journal entry to record Jo's Market customer's payment on July 6 would be
What are the main issues that need to be considered in designing and implementing a successful performance evaluation system for a foreign subsidiary?
determine the under applied overhead in ligitation department.winkle kotter and zale is a small law firm that contains
When assessing the fraud risk, Indicate the effect on the audit if such a fraud is discovered by the auditors when they start their audit procedures.
Compute the variable and fixed cost elements using the high - low method.
question smart hardware purchase new shelving for its store on 1st april2011. the shelving is expected to have a 20 yr
Analyzing changes in inventory and accounts payable. EkaPhone, a Swedish firm specializing in communication networks, reported a balance in Inventories
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