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Question - Tullis Construction enters into along-term fixed price contract to build an office tower for? $10,200,000. In the first year of the contract Tullis incurs? $3,000,000 of cost and the engineers determined that the remaining costs to complete the project are? $5,000,000. Tullis billed? $4,000,000 in year 1 and collected? $3,200,000 by the end of the end of the year. How should Tullis report Construction in Progress and Billings on Construction in Progress at the end of year 1 on the balance sheet assuming the use of the completed-contract ?method?
A. asset of? $800,000
B. liability of? $800,000
C. asset of? $1,000,000
D. liability of? $1,000,000
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.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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