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Exercise 1 - Assume that Gulistan Inc. has the following accounts at the end of the current year.
1.
Common Stock
14.
Accumulated Depreciation-Buildings.
2.
Discount on Bonds Payable.
15.
Cash Restricted for Plant Expansion.
3.
Treasury Stock (at cost).
16.
Land Held for Future Plant Site.
4.
Notes Payable (short-term).
17.
Allowance for Doubtful Accounts-Accounts Receivable.
5.
Raw Materials
18.
Retained Earnings.
6.
Preferred Stock Investments (long-term).
19.
Paid-in Capital in Excess of Par-Common Stock.
7.
Unearned Rent Revenue.
20.
Unearned Subscriptions Revenue.
8.
Work in Process.
21.
Receivables-Officers (due in one year).
9.
Copyrights.
22.
Finished Goods.
10.
Buildings.
23.
Accounts Receivable.
11.
Notes Receivable (short-term).
24.
Bonds Payable (due in 4 years).
12.
Cash.
13.
Salaries and Wages Payable.
Prepare a classified balance sheet in good form.
Exercise 2 - Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31.
2012
2011
Cash
$233,616
$116,064
Accounts receivable
267,840
275,280
Investments
77,376
110,112
Equipment
443,424
357,120
Less: Accumulated depreciation-equipment
(157,728)
(132,432)
Current liabilities
199,392
224,688
Capital stock
238,080
Retained earnings
427,056
263,376
Additional information: Investments were sold at a loss (not extraordinary) of $10,416; no equipment was sold; cash dividends paid were $74,400; and net income was $238,080.
(a) Prepare a statement of cash flows for 2012 for Sondergaard Corporation.
(b) Determine Sondergaard Corporation's free cash flow.
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?
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Create a cost-benefit analysis to evaluate the project
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Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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