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Question - Listed below are the accounts of Boss Tweed Company. All the accounts have their normal debit and credit balances.
Account Balance
Cash $13,600
Interest expense 500
Accounts receivable 15,400
Salary expense 42,000
Supplies 1,500
Insurance expense 5,000
Prepaid insurance 2,800
Depreciation expense 4,000
Office equipment 34,000
Supplies expense 5,700
Accumulated depreciation 8,000
Advertising expense 12,000
Notes payable 16,000
Service revenue 88,000
Accounts payable 6,000
Dividends 10,000
Salaries payable 3,000
Retained earnings - January 1, 2020 5,000
Interest payable 500
Common stock 20,000
Required - Record the closing entries in general journal form?
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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