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Problem - Identifying accounting principles
Identify which GAAP most directly describes each of the following correct practices:
a. Tracy Regis owns two businesses, Second Time Around Clothing and Antique Accents, both of which are sole proprietorships. In having financial statements prepared for the antique store, Regis should be sure that the revenue and expense transactions of Second Time Around are excluded from the statements of Antique Accents.
b. In December 2016, Classic Coverings received a customer's order to install carpet and tile in a new house that would not be ready for completion until March 2017. Classic Coverings should record the revenue for the order in March 2017, not in December 2016.
c. If $30,000 cash is paid to buy land, the land should be reported on the purchaser's balance sheet at $30,000 although the purchaser was offered $35,000 the following week.
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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