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Question: You are to write 2 pages, case study, that will provide full and clear answers to the highlighted requirements.
Case: The Runner Shop: Litigation Support Review of Audit Working Papers for Notes Payable (By Frank A Buckless, Mark S. Beasley, Steven M. Glover, and Douglas F. Prawitt)
Requirements: You are working for the litigation support firm hired to identify deficiencies with the audit work performed by Green and Brown, LLP. Your assignment is to identify deficien¬cies with the audit work performed by the audit firm related to TRS's Notes Payable. The purpose of reviewing this section of the working papers is to demonstrate a pattern of careless behavior on the part of the auditors to build a case of auditor negligence.
The audit work performed by the audit firm related to TRS's Notes Payable is doc-umented in the enclosed working papers. Green and Brown, LLP's guidelines for the preparation of working papers have also been provided for your information. Deficien¬cies you identify should be listed on the enclosed schedule.
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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