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Problem - Kevin Ryan is an accountant for Warick Corporation, a medium-size manufacturing firm. One of his responsibilities is to review the adjusting entries at the end of each accounting period. Mary Sellers is a new accountant at Warick Corporation. She is a recent graduate and this is her first accounting job. One of the duties Kevin assigned Mary was to prepare the adjusting entries. After reviewing Mary's work, Kevin came to the conclusion that Mary did not understand the adjusting process for a manufacturing company. During their review meeting, Kevin told Mary that he was concerned about her ability to do the job. Mary admitted not having a sound knowledge of the adjusting and closing process but asked Kevin to give her another month to catch on. Kevin said he would have to think about it over the weekend and he would get back to her on Monday. That weekend, Kevin was offered a much better paying job with a large manufacturing company in the same city. He immediately accepted the position. When he gave his boss notice that he would be leaving Warick, his boss asked him how Mary was doing. Kevin said he thought she'd do just fine.
How will Kevin's decision to not say anything affect Mary?
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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