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Mr. Lim is 25 years old today; he is beginning to plan for his retirement as he intends to set up an account and make regular payments into it. Hence, He intends to set aside an equal amount at the...

ABC Company purchased a building for \$2,850,000.00   At closing the following took place: Mortgage Loan Payable of \$2,796,400.50 Security deposit from tenant \$11,121.26 Real...

Mr. Lim is 25 years old today; he is beginning to plan for his retirement as he intends to set up an account and make regular payments into it. Hence, He intends to set aside an equal amount at the...

Assume you are the owner of 10% shares of a firm. The firm pays \$2,000,000 total dividend today out of its total fund of \$7,000,000 and invest the remaining fund at 20%. Market rate of return is 10%...

In Accounting there are plenty of formulas, theories, and equations, but by far the most important is the following: Assets = Liabilities + Equity First, I will describe in layman’s terms the three variables within the equation above. An asset is a resource that will be used to operate a business (e.g. inventory, plant, machinery). A liability is a creditors right to the... read more

Jovin and Simrin each received a different inherited from their families. Jovin invested his inheritance that earned an annual rate of interest of 5.25% compounded quarterly for 20 years and now had...

When Josh was 10 years old, his godfather bought him a \$5000 CSB that earned simple interest. When josh turned 20 years old the CSB was worth \$9000. At what rate did the CSB earn annual interest? anwser:...

a. 3-year; 0 percent coupon b. 3-year; 6 percent coupon c. 10-year; 0 percent coupon d. 10-year; 6 percent coupon

Billy’s Exterminators, Inc., has sales of \$734,000, costs of \$315,000, depreciation expense of \$48,000, interest expense of \$35,000, a tax rate of 35 percent and paid out \$85,000 in cash dividends...

Earnhardt Driving School’s 2010 balance sheet showed net fixed assets of \$2.8 million, and the 2011 balance sheet showed net fixed assets of \$3.6 million. The company’s 2011 income statement showed...

Consider the implication of online banking with respect to control over banking transaction

Life Situation:            Financial Data: Single                      Monthly Income \$1,750 Age 21  ...