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On 1 September 2020, Tolkien Publishing Sdn. Bhd. bought a printing machine for business use at RM20,000. In order to ship the machine from oversea, Tolkien Publishing Sdn. Bhd. had to pay custom duties totalled RM1,500. Furthermore, the machine is highly sophisticated and needs a special installation work from qualified technicians. As such, Tolkien Publishing Sdn. Bhd. paid RM500 in total for two technicians to render their installation services. All the transactions were performed through cheques and recorded by the account clerk as follow:
Double entries Debit (RM) Credit (RM)
Machinery 20,000
Custom duties 1,500
Wages 500
Bank 22,000
Problem (a) Assess the double entries provided above.
Problem (b) Explain the implications involved in preparing financial statements if a capital expenditure is wrongly grouped as revenue expenditure.
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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