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Question - Flounder Equipment Limited sold 480 Rollomatics on account during 2020 for $5,900 each. Ignore any cost of goods sold. During 2020, Flounder spent $27,300 servicing the two-year warranties that are included in each sale of the Rollomatic. All servicing transactions were paid in cash.
Prepare the 2020 entries for Flounder using the assurance-type (expense-based) approach for warranties. Assume that Flounder estimates (accurately) that the total cost of servicing the warranties will be $109,200 for two years and payments for completed warranty repairs are paid in cash.
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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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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