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Question - At the beginning of January, the first month of the accounting year, the Supplies account had a debit balance of $800. During January, purchases of $200 worth of supplies were added to the Supplies account. At the end of January, $600 of supplies were still available. How should this account be adjusted and what other account is adjusted on January 31 before financial statements are prepared for the current month? What type of account is Supplies? What financial statement will Supplies appear on and what will be the balance on January 31st?
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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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.
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