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Asignment
You are called by Tim Duncan of Culver Co. on July 16 and asked to prepare a claim for insurance as a result of a theft that took place the night before. You suggest that an inventory be taken immediately. The following data are available.
Inventory, July 1 $ 37,300Purchases-goods placed in stock July 1-15 85,300Sales revenue-goods delivered to customers (gross) 120,900Sales returns-goods returned to stock 4,400
Your client reports that the goods on hand on July 16 cost $33,600, but you determine that this figure includes goods of $5,700 received on a consignment basis. Your past records show that sales are made at approximately 30% over cost. Duncan's insurance covers only goods owned.
Compute the claim against the insurance company. (Round ratios for computational purposes to 2 decimal places, e.g. 78.73% and final answer to 0 decimal places, e.g. 28,987.)
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Term Structure of Interest Rates
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Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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