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Question - Whispering Winds Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below.
Dr Cr
Cash $9,700
Accounts Receivable 8,700
Equipment 16,300
Accumulated Depreciation-Equip. $7,300
Accounts Payable 5,000
Unearned Rent Revenue 1,700
Common stock 19,300
Retained Earnings 23,900
Divides 16,200
Service Revenue 64,100
Rent Revenue 6,900
Depreciation Expense 6,600
Salaries and wages Expense 56,200
Utilities Expense 14,500
$128,200 $ 128,200
1) Prepare an income statement for the year.
2) Prepare a retained earnings statement for the year.
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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