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At the beginning of the current period, Windsor, Inc. had balances in Accounts Receivable of $185,100 and in Allowance for Doubtful Accounts of $8,880 (credit). During the period, it had net credit sales of $758,500 and collections of $691,100. It wrote off as uncollectible accounts receivable of $7,839. However, a $2,841 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,050 at the end of the period. (Omit cost of goods sold entries.)
(a) Prepare the entries to record sales and collections during the period.
(b) Prepare the entry to record the write-off of uncollectible accounts during the period.
(c) Prepare the entries to record the recovery of the uncollectible account during the period.
(d) Prepare the entry to record bad debt expense for the period.
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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CAPM and Venture Capital
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