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Question - Your accounts receivable clerk, Mitra Adams, to whom you pay a salary of $2,265 per month, has just purchased a new Acura. You decide to test the accuracy of the accounts receivable balance of $123,820 as shown in the ledger.
The following information is available for your first year in business.
(1) Collections from customers$298,980.
(2) Merchandise purchased483,200.
(3) Ending merchandise inventory135,900.
(4) Goods are marked to sell at 40% above cost.
Required - Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made on account.
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.
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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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