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On March 31, 2020, Karen admits Lanie for an interest in his business. On this date, Karen's capital account shows a balance of P250,175. The following were agreed upon before the formation of the partnership.
1. Prepaid expenses of P11,200 and accrued expenses of P4,500 are to be recognized.2. 4% of the outstanding accounts receivable of P90,000 of Karen is to be recognized as uncollectible.3. Lani is to be credited with a 45% interest in the partnership and is to invest cash aside from the Equipment with a book value of P48,000 and a fair value of P46,500.
Problem 1: How much is the adjusted capital of Karen and the new capital of the partnership?
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.
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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.
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