Annuity -consists of a series of equal payments made at equal intervals of time - are primarily used as a means of securing a steady cash flow for an individual during their retirement years - can be structured according to a wide array of details and factors‚ such as the duration of time that payments from the annuity can be guaranteed to continue. Annuities can be created so that‚ upon annuitization‚ payments will continue so long as either the annuitant or their spouse
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for my college education. However‚ some of us are not lucky enough to receive “free money” from the government or a scholarship. For people like me who need to take out a loan in order to get through college‚ a job is necessary to make the monthly payments. I recently started my first semester in college to hopefully major in business administration in a couple years. I also got myself a part-time job managing finances at my brother’s body shop to pay for some expenses and carry some extra money. Through
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MAT 450 Assignment: Amortization Problems 1. Construct the amortization schedule for a $20000 debt that is to be amortized in 8 equal quarterly payments at an annual rate of 12 % compounded quarterly on the unpaid balance. First‚ determine the size of the payments‚ PMT = _________? |Payment # |size of payment |interest paid |balance paid |unpaid balance | | | | j = 0.03
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ronGreg Newman ACC 707 Jones Ironworks 1) I agree with Freddie. The payment system would be more effective as a piece rate. This should effectively increase the employees’ incentive to produce efficiently. The piece rate will encourage higher production. It will benefit employees for them to know that if they work harder‚ they will get more money. Under the other system‚ they could work inefficiently and get paid the same amount as someone who was working much more efficiently. This encourages
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record the following. • The issuance of the bonds. • The payment of interest on July 1‚ assuming that interest was not accrued on June 30. • The accrual of interest on December 31. QUESTION 3 On January 1‚ Flory Company issued $300‚000‚ 8%‚ 5-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Prepare journal entries to record the following events. • The issuance of the bonds. • The payment of interest on July 1‚ assuming that interest was not accrued
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I. OVERVIEW OF COLLECTION PAYMENT METHOD The Payment Collection of Bills also called “Uniform Rules for Collections” is published by International Chamber of Commerce (ICC) under the document number 522 (URC522) and is followed by more than 90% of the world’s banks. According to URC 522‚ “Collection” means the handling by banks of the documents in accordance with instructions received‚ in order to obtain payment and/or acceptance or delivery documents against payment and/or against acceptance or
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complexity involving the assignment and presentation of its borrowing and payment activity as it relates to the revolving line of credit extended has emerged. The report has been broken down into the following sections: 1. Assignment of Borrowing and Lending Activity: Presentation of cash flows from the revolving line of credit. 2. Recommendations for Presentation: the use of net or gross basis when reporting borrowing and payment activities. 3. Applications of the IFRS standards: IFRS standards that
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c. What type of a problem is this? ___________ 2. If you had a payment that was due you in 5 years for $50‚000 and you could earn a 5% rate of return‚ how much would you accept as payment today for this payment in the future? a. If your rate of return is 8%‚ how much would you accept as payment today? b. If your rate of return is 10%‚ how much would you accept as payment today? c. What type of a problem is this? ___________ 3. You want
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following: 1. The company stores the customer’s information in the repository and with the use of data mining and other business intelligence‚ the company can find the hidden patterns such as what are the buying habits of the customers‚ what is the payment habit of the customer‚ does the customer pay the debt on time or is there any freudism involved. Once the company have all these information from analysing‚ the company can perform better decision making. The company can decide what promotion to
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Methodology: SOURCE OF DATA: Database Dividend payment pattern of all IT companies that are listed for trading on one of the two major exchanges namely National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) during the period 2004-2008 (I refer each year henceforth with the end year i.e.‚ for 2004-2005 to 2005) are employed for analysis. The data has been sourced from Prowess database of the Centre for Monitoring Indian Economy (CMIE). For the purpose of this study‚only final dividend
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