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Question 1: Explain the differences between permanent and temporary accounts and identify which types of accounts must be closed at the end of a company's fiscal year.
Question 2: Once closing entries have been entered in the general journal and posted to the ledger, what is the effect on the owner's capital (or retained earnings) account?
Question 3: Explain the purpose of a post-closing trial balance and answer this question: Is the post-closing trial balance mandatory as a step in the accounting cycle?
Question 4: Reflect on this question: Assuming a company's first year-end, would financial statements be affected if the closing process were not completed? Explain.
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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