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A company had revenues of $63,500 and expenses of $48,250 for the accounting period. The company paid $7,000 cash in dividends to the owner (sole shareholder). Which of the following entries could not be a closing entry?
Debit Income Summary $15,250; credit Retained Earnings $15,250.
Debit Income Summary $63,500; credit Revenues $63,500.Debit Revenues $63,500; credit Income Summary $63,500.Debit Income Summary $48,250, credit Expenses $48,250.
Debit Retained Earnings $7,000, credit Dividends $7,000.
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.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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