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On April 1, the AIM Inc. assigned 800,000 of accounts receivable to a bank under a nonnotifcation arrangement. The bank advances 80% less a service charge of 5,000. AIM Inc. signed a promissory note that provides for interest of 1% per month on the unpaid balance. On April 5, AIM Inc. issued a credit memo for sales return to a customer whose account was assigned for 50,000. On April 10, the company collected 300,000 of the assigned accounts less 2% discount. On April 30, AIM Inc. remitted the total collections to the bank plus interest for 1 month. On May 7, 30,000 worth of assigned accounts proved to be worthless. On May 20, AIM Inc. collected 300,000 of the assigned accounts. On May 30, the company remitted the total amount due the bank to pay off the loan balance plus interest for one month.
Problem 1: What is the remaining balance of assigned accounts receivable to be transferred back to unassigned accounts receivables?
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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