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Question - Comparative entries for partnership and corporation
Suraj uppal and Parvinder Atwal began new business on February 14, When each invested $154,500 in the company. On December 20, it was decided that $60,800 of the company's cash would be distributed equally between the owners. Two cheques for $30,400 were prepared and given to the owners on December 23. On December 31, the company reported a $121,600 profit.
Prepare two sets of journal entries to record the investments by the owners, the distribution of cash to the owners, the closing of the income summary account, and the withdrawals or dividends under these alternative assumptions:
a. The business is a partnership.
b. The business is a corporation that issued 1,000 common shares.
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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