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In response to a question about financing the acquisition, James replied "The production equipment will cost $950,000. We will also need to purchase $50,000 of additional equipment to complete installation. We will finance this purchase with a five year $1,000,000 loan from the Regional Bank. The interest rate will be 10% per annum payable quarterly. The repayment schedule negotiated is for quarterly repayments over the duration of the loan. The interest payment and the loan repayment will occur on the last day of each quarter.
RSC Designs Pty, Ltd. is a manufacturer of metal and glass sculptures. The firm's two product lines are designated as SML (small sculptures: 13 x 17 cm) and LGE (large sculptures: 26 x 34 cm). The primary raw materials are metal strips and 30 cm by 40 cm glass sheets. Each SML sculpture requires a 60 cm metal strip; and each LGE sculpture requires a 1.2m metal strip. Allowing for normal breakage and scrap glass, the company can get either four SML sculptures or one LGE sculpture from one glass sheet. Other raw materials, such as solder, rivets, glitter and glue are insignificant in cost and are treated as indirect materials.
ACCUMULATION ACCOUNTS FOR MINORS (a) Income accumulations : When property is left in trust for minors, the income earned for the period will be divided equally or according t
Example of Short-term Solvency Current Ratio = Current Assets / Current Liabilities = 5.38
Permanent accounts would not include a interest expense b wage payable c prepaid rent d unearned revenues
Determine the accounting aspects of business Accounting scandals can have a profound effect on all those connected with business. Enron scandal, for instance, ultimately led t
Q. What is Stock Split? Stock Split - Increase in number of shares of a company's COMMON STOCK outstanding that result from the issuance of additional shares proportionally to
what is international financial analysis
CarloffCremes (CC) planned to sell 40,000 Queen size at $20 each and 20,000 King size at $15 each. Actual sales of the former were 45,000 and 25,000 of the latter, at $19 and $16 r
Trying to calculate earnings per share. Is net income the same as earnings before interest and taxes?
Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,728,224.
zorn conducted his professional practice through zorn, inc. the corporation uses a fiscal year ending september 30 even though the business purpose test for a fiscal year cannot be
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