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Question - It is December 31, 2019, and you are about to close the firm's books for the year. Just as you think everything is done:
a) The firm's Sales Manager comes to you with 75 completed customer service orders (valued at $63,000) that his sales technicians have just turned in to him. They had performed this work in December, but had forgotten to turn them in immediately after completing the work, as required.
b) The firm's Purchasing Manager comes to you and informs you that he had just negotiated a "great" deal for the IT Department. Sun Systems has agreed to sell the firm a new server for $1 million. The original offer was for $1.25 million. The price reduction reflects Sun's desire to capture the sale in 2019. The Purchasing Manager also tells you that no advance payment is required, and that the server will be delivered on March 1, 2021.
Explain how you will handle each of these transactions, including any required adjusting entries, based on established accounting principles.
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.
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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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