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Problem - Adjustment for unearned revenue - For a recent year, Microsoft Corporation (MSFT) reported short-term unearned revenue of $23,223 million. For the same year, Microsoft also reported total revenues of $93,580 million.
a. Assume that Microsoft recognized $2,000 million of unearned revenue as revenue during the year, what entry for unearned revenue did Microsoft make during the year? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.
b. What percentage of total revenues is the short-term unearned revenue? Round to one decimal place.
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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Create a cost-benefit analysis to evaluate the project
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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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