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1. Mrs Harris, the owner of three rented houses in Extown, asks her next-door neighbour, Ted, to collect rent from the tenants for her while she is abroad on business. Ted collects the rents and when Mrs Harris returns she says to him, 'I'll give you £50 for your work.'
Can Ted enforce the promise?
2. John, a plumber, installs a new bathroom for Mr and Mrs Bolton for an agreed price of £500. Five weeks after sending the bill John still has not received payment. He rings the Boltons and speaks to Mrs Bolton. She says that she is unhappy about the quality of John's work, which she claims is only worth £350 at most. She also tells John that her husband has just lost his job and they can only afford to pay £100. John reluctantly agrees to accept a cheque for this amount 'in full settlement'.
Three months later John hears that Mr Bolton is back in employment and he wonders whether he can recover the outstanding money.
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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