05/12/19

What would be the appropriate account for written off loans to friends and family?
In the past I have lent some money to friends and family, which I have not gotten back. I don't want to ask them for the cash, but I do want to clean up my accounts. How would I record this in my... more
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05/12/19

How to divide up utilities amongst tenants?
Let's say I have two tenants who share my apartment with me. It is agreed that utilities shall be divided equally amongst us. However, one tenant has, as part of his lease, a stipulation that all... more
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05/09/19

David had an outstanding balance on his credit card account of $469.86 for purchases he made. Find the finance charge if it was 2.5% per month. Round answer to the nearest cent.
I would really appreciate the work, thank you so much
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04/30/19

How are the balance sheet and income statement connected?
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04/26/19

Accounting Help: How to calculate new product cost per unit for Variable & Absorption costing?
In 2017, ABS manufacturing produced and sold 50,000 units of "x" product in their first year. The following info is provided:Total sales: (50,000 x $80) 4,000,000Units Produced and Sold: ... more
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02/25/19

how do I translate “three times the sum of a number and twelve is 108” into an equation

How to translate three times the sum of a number and twelve into an equation?
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02/17/19

Financing Problem

Friendly Finance requires a 15% down payment on the purchase of an automobile. If the list price is $23,500...How much will they finance?
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08/25/18

What is the formula for solving compound interest with monthly deposits included
Im trying to find out how to calculate compound interest with monthly contributions. For example, Jimmy deposits $1000 into and account that accumulates 5% interest annualy. Jimmy also makes a... more
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08/25/18

8. Mr. Baker has baked some muffins. If he packs them in boxes of 4, he will have 3 left over. If he packs them in boxes of 5, he will also have 3 left over. I
How to do it it’s so hard!!!!!!!!!!!!!!!!!!!!!!
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08/24/18

Word Problem
Lavina bought some shares of stock for $18,040. Later when the price had gone up to $18 per share she sold all but 20 of them $20,000. How many shares had she bought?
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10/29/15

the steps in the accounting cycle for a merchandising company are different from those in the accounting cycle for service enterprise
do you agree or disagree?
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10/28/15

linear equations
You have 3 bank accounts. The first pays 1%, the 2nd pays 2%, and the 3rd pays 3%. You havetwice as much invested in the second account as the first. You have $35,000 invested betweenthe 3. If you... more
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10/28/15

Maximus invests a sum of money in a bank account which earns 2%, and increases by 1% every 6 months. The interest is compounded monthly. He pulls out $4300 out
Maximus invests a sum of money in a bank account which earns 2%, and increases by 1% every 6 months. The interest is compounded monthly. He pulls out $4300 out of his account after 21 months. How... more
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10/28/15

One year ago, Paul divided an investment of $42000 into two equal amounts placed in separate accounts. Both accounts have a nominal rate of interest of 8%. The
One year ago, Paul divided an investment of $42000 into two equal amounts placed in separate accounts. Both accounts have a nominal rate of interest of 8%. The first account is compounded... more
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05/26/15

Typically, the only credit to the retained earnings account for a corporation is
 Typically, the only credit to the retained earnings account for a corporation is A. the initial investment of stockholders. B. net income of the period. C. net loss of the period. D. any... more
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12/14/14

Calculate the monthly mortgage payment of principal and interest for the a loan with an initial balance of 150,000, an annual stated interest rate of 6%, and 30
Calculate the monthly mortgage payment of principal and interest for the a loan with an initial balance of 150,000, an annual stated interest rate of 6%, and 30 years to maturity. Use Excel to... more
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