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Problem - The following items are taken from the financial statements of Butler Company for 2012:
Accounts Receivable
$20,000
Cost of Goods Sold
95,000
Utilities Expense
3,500
Accounts Payable
7,000
Common Stock
100,000
Rent Expense
5,500
Advertising Expense
9,000
Dividends
10,000
Insurance Expense
2,000
Note Payable (due 2014)
50,000
Depreciation Expense
Prepaid Insurance
18,000
Accumulated Depreciation
30,000
Retained Earnings (beginning)
33,000
Salaries Expense
40,000
Salaries Payable
4,500
Net sales
170,000
Supplies
3,000
Supplies Expense
2,500
Instructions -
(a) Calculate the net income.
(b) Calculate the balance of Retained Earnings that would appear on a Balance Sheet at December 31, 2012.
(c) Calculate the gross profit percentage.
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?
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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.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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