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With the accounting rule of Assets=Liabilities+Stockholders Equity can you assist in building a ledger for the following. This is a review question on a study guide and I want to make sure that I am understanding what I am doing?
1. Issued shares of common stock to investors in exchange for 146000 in cash
2. Borrowed 45000 by issuing bonds
3. Purchased delivery trucks for 63000 cash
4. Received 15000 from customer for services performed
5. Purchased supplies for 5000 on account
6. Paid rent of 5900
7. Performed services on account for 10700
8. Paid salaries of 27400
9. Paid a dividend of 10100 to shareholders
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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