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Problem
Plug Corporation purchased 60% of Coy Company's common stock approximately 10 years ago. On January 1, 20X2, Coy sold equipment to Plug for $850,000 and recorded a $ 150,000 loss on the sale. Coy had purchased the equipment for $ 1,200,000 on January 1, 20X0 and was depreciating it on a straight-line basis over 12 years with no assumed residual value. In preparing Plug's consolidated financial statements for 20X2 its chief accountant increased the reported amount of the equipment by $150,000 and eliminated the loss on the sale of equipment recorded by Coy. No other elimination or adjustments related to the equipment were made. Required: As a member of the audit firm Gotcha and Gotcha, you have been asked, after reviewing Plug's consolidated income statement, to prepare a memo to Plug's controller detailing the elimination procedures that should be followed in transferring equipment between subsidiary and parent. Include citations to or quotations from the authoritative literature to support your recommendations. Your memo should the correct eliminating entry and explain why each debit and credit is needed.
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
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Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
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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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