Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Chapter 1, Problem 7P
Summary Introduction

To write: A report on the top technology initiatives survey of AICPA.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

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Question 1 Determine the price of a zero-coupon bond that has a par value of $8000 with a maturity date in 10 years that is priced to yield 5% compounded yearly. Question 2  A bond has a face value of $10,000 and matures in 10 years. The coupon rate is 3% compounded quarterly. a) What is the amount of the dividend each quarter? b) What is the price of the bond to yield a true interest rate of 2.5% compounded quarterly?  c) How much will you make if you invest in this bond?  Question 5   You want to have $50,000 in 5 years.  A. How much must you deposit each QUARTER in an account paying 10% compounded quarterly to reach this goal in 5 years? Round to the nearest cent. B. How much is your total contribution? Round to the nearest cent. C. How much interest did you earn for this investment? Round to the nearest cent. Question 3  The amortization schedule below is based on a $150,000, 30-year mortgage, financed at 6.01%. It has partially filled in for you.    Payment…
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