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Monday, January 20, 2014

Fin-419 Week 3 Assignment

* The spare-time activity are responses to the following problems from the text: Ch. 2: P2-2, Ch. 4: P423, P446, Ch. 6: P615, and Ch. 7: P76. * Chapter 2: P22 Financial controversy notice identification: Mark all(prenominal) of the accounts listed in the following turn off as follows: a) In column (1), indicate in which dictationincome statement (IS) or balance sheet (BS)the account belongs. b) In column (2), indicate whether the account is a flow tread plus (CA), current liability (CL), set down (E), immov equal asset (FA), long-term debt (LTD), tax (R), or investment firmholders equity (SE).
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| (a)| (b)| notice construct| Statement| Type of account| Accounts due| BS| CL| Accounts receivable| BS| CA| Accruals| BS| CL| hoard depreciation| BS| FA| Administrative expense| IS| E| Buildings| BS| FA| Cash| BS| CA| Common commonplace (at par)| BS| SE| Cost of goods sold| IS| E| disparagement| IS| E| Equipment| BS| FA| General expense| IS| E| vex expense| IS| E| Inventories| BS| CA| Land| BS| FA| long debts| BS| LTD| Machinery| BS| FA| Marketable securities| BS| CA| Notes payable| BS| CL| Operating expense| IS| E| Paid-in nifty in excess of par| BS| SE| preferable stock| BS| SE| Preferred stock dividends| IS| E| Retained earnings| BS| SE| gross sales revenue| IS| R| Selling expense| IS| E| Taxes| IS| E| Vehicles| BS| FA| * * Chapter 4: P423 Funding your retirement: You device to retire in exactly 20 years. Your goal is to make believe a descent that forget allow you to receive $2 0,000 at the end of each year for the 30 yea! rs amidst retirement and finish (a psychic told you would die exactly 30 years after you retire). You know that you will be able to earn 11% per year during the 30-year retirement period. a. How large a fund will you need when you retire in 20 years to hand over the 30 year, $20,000 retirement rente? *...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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