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Question - Journalize the September transactions
On September 1, Pina Office Supply had an inventory of 35 calculators at a cost of $12 each. The company uses a perpetual inventory system. During September, the following transactions occurred.
Sept. 6 Purchased 95 calculators at $25 each from York Co.
Sept. 9 Paid freight of $95 on calculators purchased from York Co.
Sept. 10 Returned 3 calculators to York Co. for $78 cash (including freight) because they did not meet specifications.
Sept. 12 Sold 30 calculators costing $26 (including freight) for $35 each on account to Sura Book Store, terms n/30.
Sept. 14 Granted credit of $35 to Sura Book Store for the return of one calculator that was not ordered.
Sept. 20 Sold 32 calculators costing $26 for $34 each on account to Davis Card Shop, terms n/30.
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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