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Question - Little People Daycare of Toronto, Ontario, has applied to the bank for a loan. The bank manager has some doubts about the financial statements and asks Fateh, a public accountant, to audit the books. The records that Little People Daycare has submitted to the bank indicate that the business is quite profitable. However, their recordkeeping techniques are unusual.
In order to save time Little People Daycare does not use a journal but records all accounting entries directly in the ledger accounts. In addition, they do not keep a file of business papers. Three days into the audit, Fateh finds that he cannot proceed any further until some questionable entries are explained.
Required - Write a short report to the bank manager indicating the conventional accounting procedures that should be followed by Little People Daycare. Your report should also indicate the importance of such procedures.
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
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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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