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When an authorized purchase requisition comes into the system, it is checked to see that it has been authorized. Furthermore, the budget master file is acessed to ensure that the purchase is covered by the authorizer's budget. After the purchase requisition has been validated, a vendor is selected from those in the vendor master file. At this time, a purchase order is prepared and the purchase requistion is filed away in the purchase requisition file.
All the departments in the organization that will be affected by this purchase are notified. These departments are the warehouse, receiving department, and accounts payable department.
The purchase order is submitted to the vendor. The purchase order data are recorded in the open purchase order file, which is a file that stores unfilled purchase orders. The vendor sends back an acknowledgment that the order will be filled. That information is also entered into the open purchase order file.
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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