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| Question 2.2 (Total 15 marks, -5 per error) Pickle Company issues a six-year, 8mortgage note on January 1, 2020, to obtain financing for new
| Question 2.2 (Total 15 marks, -5 per error) Pickle Company issues a six-year, 8mortgage note on January 1, 2020, to obtain financing for new equipment. The terms provide for semi-annual instalment payments of $112825 Required: 1) What were the cash proceeds received from the issue of the note? You can use the PV Table located in your textbook a financial calculator or Excel function to solve this question Question 2.3 (Total: 27 marks: 3 marks each) Financial information follows for four different companies Apple Inc. Banana Corp. Cherry Ltd. Dragon Fruit Ltd. $102,000 $144,000 5122,000 (a) $8,000 12,000 9.000 74,000 110.000 132,000 23,000 (d) 40,000 24,000 Sales Revenue Sales Returns and Allowances Net Sales Revenue Beginning Inventory Purchases Returns and Allowances Ending inventory Cost of Goods Sold Gross Profit 105.000 le) 99.000 60,000 6,000 10,000 8,000 th) (b) 48.000 30,000 28.000 () 72.000 64.000 10,000 82.000 29,000 18,000 ( Required 1 1. Determine the missing amounts for parts (a) to (i) in the table. Show all cakulations after that
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