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Question: 1) The Trinh Corporation had 2,000 cages on hand at the beginning of December. Each cage had cost the company $22. The company purchased 6,000 cages on December 10 at a cost of $24 each. The company purchased 7,000 cages on December 23 at a cost of $25 each. The company sold 4,000 cages on December 13 and 8,000 cages on December 24. The company charged its customers $50 per cage for each cage sold in December. The company uses the FIFO inventory method.
Determine the company's cost of merchandise inventory on hand at the end of December.
2) The Rebekah Corporation had 4,000 lamps on hand at the beginning of January. Each lamp had cost the company $15. The company purchased 14,000 lamps during January at a cost of $15 each. The company's inspection of its purchases revealed 50 defective lamps, which the company returned to its supplier for full credit of $15 each. The company sold 16,000 lamps during January and charged its customers $26 per lamp. The company's January operating expenses were $70,000. The company's expected income tax expense was $38,000.
Determine the company's cost of goods sold for January.
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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