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Problem - Revenue Recognition Journal Entries
1. Leons sells you furniture on a "no money down, no interest, and no payments for one year" promotional deal. The furniture is delivered to your home the same day. What are the journal entries Leons would enter based on the following events:
a) At time of delivery b) Over the one year term of the loan c) Upon final Payment.
2. The Toronto Raptors sell season tickets on-line to games in the Scotia Bank Arena. Fans can purchase the tickets at any time, although the season does not officially begin until April 1. The season runs from April 1 through October each year. Payment is due in full at the time of purchase. What are the journal entries the Raptors would enter based on the following events:
a. At time of ticket purchase: b. As each game is played during the season.
3. RBC lends you money in October. The loan and interest are repayable in full in two years. What are the journal entries CIBC would enter based on the following events:
a. At time loan is provided b. Over the two year loan term c. Upon final payment.
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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