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Question - On January 1, 2020, Jack Skilling, Kenneth Lay, and Andy Fastow formed a partnership by contributing $45,000 in cash, $65,000 of equipment, and a delivery van worth $35,000 respectively. The partners agreed to share the profits and losses as follows: Lay and Fastow were to receive an annual salary allowance of $20 000 each and the remaining profit or loss was to be shared 5 : 2 : 3. On December 31, 2020, the partnership's first year-end, the Income Summary account had a debit balance of $30 000.
Required - In the table below, calculate the partnership allocation for the year ended December 31, 2020.
Complete the December 31, 2020 journal entry to close the income summary account to the partners' capital accounts.
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
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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.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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