How large will account balance be in twenty five years
You are planning to make annual deposits of $5,730 into a retirement account that pays 9 percent interest compounded monthly. How large will your account balance be in 25 years?
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Gorgeous Georgie Pty Ltd (Georgie) is a private company with many strategic investments. The finance director is concerned that he might be required to consolidate some of these investments in accordance with AASB 127.
Hinton Company is considering purchasing new equipment for $570,000. It is expected that the equipment will produce annual net income of $66,500 over its 20-year useful life. Annual depreciation will be $28,500.
A large industrial firm uses 3 local motels to provide overnight accommodations for its clients. From past experience it is known that 20%:
Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made on account.
In February Lyla slipped while cleaning the dispensary and suffered injuries which prevents her from working for longer than 6 hours in any day and as she cannot work a full day her employer terminates her employment.
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Manilow Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Manilow's Accounts Receivable account was $601,400.
financial year Jackson Ltd sell inventory to Action Ltd at a sales price of $700 000. The inventory cost Jackson Ltd $420 000 to produce. At 30 June 2012 half of the inventory is still on hand with Action Ltd. The tax rate is 33 percent.
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