Investment A for $100,000 is invested at a nominal rate of interest, j, convertible semiannually. After 4 years, it accumulates to 214,358.88. (b) Investment B for $100,000 is invested at a nominal rate of discount, k, convertible quarterly.
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Richardson Company has a condensed income statement as shown. Year 2 Year 1 Sales $150,000 $165,500 Total operating expenses 133,000 147,500 Net income 17,000 18,000 Using horizontal analysis, calculate the amount and percent change for sales.
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Read, Inc. instituted a new process in October 2008. During October, 10,000 units were started in Department A. Of the units started, 8,000 were transferred to Department B, and 2,000 remained in Work-in-Process at October 31, 2008.
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