How many months will it take to deplete the balance
Assume that you deposited $100,000 in a savings account paying an interest of 12% per year, compounded monthly. You wish to withdraw $3000 at the end of each quarter. How many months will it take to deplete the balance?
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GreenGrass Company purchased a master mulching machine for $240,000 with a 5 year life and a $15,000 salvage value. GreenGrass uses straight-line depreciation.
Wallace Corporation issued 3,000 shares of $10 par value common stock in exchange for a giant water slide valued at $92,500. Since all company stock is privately held, there is no market value for the stock.
Joshua Thorp opened Laser Co. on January 1, 2011. At the end of the first year, the business needed additional funds. On behalf of Laser, Joshua applied to Vermont National Bank for a loan of $500,000.
A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $525,000.
Assume that you deposited $100,000 in a savings account paying an interest of 12% per year, compounded monthly. You wish to withdraw $3000 at the end of each quarter.
The average health care costs per year for a sample of U.S. cities (50,000~200,000 population) are $586. U.S. Department of Health and Human Services has funded several HMOs. Ten [n= 10] samples show the Sample Mean: $521.30, s = $55.80, s.e.=17.6
A revenue that differs between alternatives and makes a difference in decision-making is called a(n):The transfer price approach that will result in the largest contribution margin to the buying division is the:
On January 1, Pete bought a used truck for $14,000. He added a tool chest and side racks for ladders for $4,800. The truck is expected to last four years and then be sold for $800. Pete uses Straight-line depreciation.
The partnership agreement calls for a return of 10% interest on their original investment; Richards is to have a salary of $500,000 per year, and Jagger does not draw a salary.
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