cannot pay a note due that day. It is a $500‚000 note with $50‚000 accrued interest payable to Edsen‚ Inc. Edsen agrees to forgive the accrued interest‚ extend the maturity date to December 31‚ 2008‚ and reduce the interest rate to 4%. The present value of the restructured cash flows is $428‚000. Instructions Prepare entries for the following: (a) The restructure on Poore’s books. (5 points) (b) The payment of interest on December 31‚ 2007. (5 points) (c) The restructure on Edsen’s books
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The share market is an important aspect in order to operate the economy that provides a way for individuals and businesses to interact . The share market also provides opportunities for companies or businesses to raise funds needed for their growth and gives returns to individuals for their surplus funds. The share market in Australia plays two key roles; it allows companies to sell shares to new investors and also shareholders to sell all of their security to a new owner. The Australian Stock Exchange
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How did the last economic crisis affect the relations between US and China? Table of contents Page Introduction ..............................................................................................................................2 US-China complex interdependence .......................................................................................3 US-China trade transaction ..................................................................................
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The fall of humans was the introduction of sin into the world‚ and our separation from God. This does not mean that the world is corrupted‚ it just means that sin has caused pain and death to God’s goodness that was life-giving. Everything about the fall on mankind has changed our life on earth as well as our spiritual life. Romans 5:19 says‚ “For just as through the disobedience of the one man the many were made sinners‚ so also through the obedience of the one man the many will be made righteous
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the local car rental market? It’s hard to believe that Avis/Hertz would be able to replicate Enterprise’s success (at least in the near term) in the local car rental market. Given their current dominance in the market‚ relationships with auto shops/dealerships/insurance companies‚ and reservation system’s direct interface with insurers‚ Enterprise is the most well positioned car rental company for discretionary and insurance repair/replacement rentals. Dominance - Enterprise initially sacrificed
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Nissim Ezekiel’S “Enterprise” ‘Enterprise’ is an allegory of human condition on this planet and of the frequent efforts‚ failure and frustrations to which man is subject by the very nature of earthly life. The poet describes a spiritual pilgrimage where each pilgrim faces difficulties and disillusionment along the way. Thus‚ in the ‘Enterprise’ a group of people undertake a journey moved by noble aspirations‚ but it all ends in failures and frustrations as is usually the case with human attempts
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Exchange rate determination is Two-way process and following are factors that Influence Exchange Rates Floating rates are determined by the market forces of supply and demand. How much demand there is in relation to supply of a currency will determine that currency ’s value in relation to another currency. For example‚ if the demand for U.S. dollars by Europeans increases‚ the supply-demand relationship will cause an increase in price of the U.S. dollar in relation to the euro. There are countless
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serious and potentially life-threatening problems for this population. Motor vehicle crashes are the leading cause of death for teenagers. Society faces several questions‚ like why do teens drink‚ what are the results of teen drinking and driving‚ and how can society change this pattern. Every year hundreds of teens die. Apart from drinking and driving‚ teen suicide is the fastest growing killer of youth and if left unaddressed it will affect are future generations. Why do teenagers drink alcohol
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In the Culture and religion of the Yuan dynasty it is said that Genghis Khan is credited with the title of master to the Quan zhen religion so that he could govern all the national Daoism groups. Every base of religion and culture that Genghis Khan was credited for was actually just based off of what Kublai Khan felt was important during his reign as emperor. Part of the reason that the Yuan was open to more religions was because of the Mongolians‚ they were very smart and open to different things
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attention an opportunity to expand our market place internationally. The target country we will discuss is Puerto Rico. Puerto Rico is a commonwealth of the Unites States. All island residents are US citizens. The legal system is based on Spanish Civil Code and it ’s within the US Federal system of justice. The economy is encouraged by duty-free access to the US and by tax incentives. Also the US minimum wage law applies and their monetary currency is the US dollar bill. The current population
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