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Prepare a general journal payroll entry for Advanced Computer Programming using the following information: Cumulative Earnings Weekly Before Payroll Salary Department C. Lester $60,000 $1,000 Office C. Oros 90,000 1,600 Sales J. Carnarvon 165,000 2,100 Office Assume the following: a. FICA: OASDI, 6.2% on a limit of $106,800; Medicare, 1.45% b. Federal income tax is 15% of gross pay c. Each employee pays $20 per week for medical insurance
2. Explain why the account Sales Tax Payable is credited when a sale is made subject to a sales
3. compare and contrast the controlling account accounts payable to the accounts payable subsidiary ledger. Discuss why the balance of the controlling account, accounts payable, does not equal the sum of the accounts payable ledger during the month
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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