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Prepare a system flowchart for the following narrative of a small grocery storewho use a small office network of PCs to document their inventory and accounting transactions.
When groceries arrive from suppliers, the warehouse clerk reviews the packing slip and compares it to the open purchase order file on her PC. During this process, updates to the stock records and the open purchase order file are made via the PC to reflect the new items received. She then makes a photocopy of each packing slip and sends the original to the accounting clerk. She files the copy in the warehouse by date.
The vendors' invoices are mailed directly from the supplier to the accounting clerk, who matches them with the packing slips and examines them for correctness. He updates the general ledger program stored on the PC, then files the matched documents in a temporary file that is organized by due date. As bills come due each week, he removes the matched invoice and packing slip from the temporary file and forwards them to the manager for payment.
The manager approves the bills for payment and manually prepares a two-part check for the total amount due to each supplier. He sends the original check to the supplier by mail, and the copy back to the accounting clerk. The accounting clerk uses the check copy to update the general ledger via his PC to reflect the decrease in amounts due. The accounting clerk then prints out a summary of cash disbursements for the day. He files both the summary and all check copies by date.
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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