Case 4 The Johnsons Credit Questions (a) Make recommendations to Harry and Belinda regarding where to seek
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Case 4 The Johnsons’ Credit Questions
(a) Make recommendations to Harry and Belinda regarding where to seek fi nancing and what APR to expect.
(b) Using the Garman/Forgue companion website or the information in Table 7.1, calculate the monthly payment for a loan period of three, four, and fi ve years at 8 percent APR. Describe the relationship between the loan period and the payment amount.
(c) Harry and Belinda have a cash-fl ow defi cit projected for several months this year (see Tables 3.8 and 3.9 on pages 90 and 91). Suggest how, when, and where they might fi nance the shortages by borrowing.
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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