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Olympic Supply company uses the direct-off method of accounting for uncollectible account.
Instructions:
Record the following transactions in the general journal.
1. On April 10, sold merchandise on account to Sonya Dickson, $600 plus sales tax, Sales slip 928.
2. On November 30, wrote off Sonya Dickson's account as uncollectible, $630, Memorandum 78.
3. On December 30, received $630 from Sonya Dickson for full payment of her account. This account was written off on November 30, Memorandum 89 and Receipt 277.
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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