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Big Howie's hot Dog Stand is a fast-food restaurant specializing in hot dogs and humburgers. The store employs 8 full-time and 12 part-time workers. The store's weekly payroll averages $5,600 for all 20 workers. Big Howie's hot Dog Stand uses a personal computer to assist in preparing paychecks. each week, the store's accountant collects employee time cards and enters the hours worked into the payroll program. The payroll program calculates each employee's pay and prints a paychek. The accountant uses a check-signing machine to sign the paychecks. next, the restaurant's owner authorizes the transfer of funds from the restaurant's regular bank account to the payroll account.
For the week of may 12, the accountant accidentally recorded 100 hours worked instead od 4o hours for one of the full-time employees. Does Big Howie's Hot Dog Stand have internal controls in place to catch this error? If so, hiw will this error be detected?
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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Term Structure of Interest Rates
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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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