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Drake Cushing and Shawn Tadlock started the CT partnership on January 1, 2014. The business acquired $70,000 cash from Cushing and $140,000 from Tadlock. During 2014, the partnership earned $75,000 in cash and paid $39,000 for cash expenses. Cushing withdrew $2,000 cash from the business, and Tadlock withdrew $4,000 cash The net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business.
Prepare the income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for the CT partnership for the 2014 fiscal year.
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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Term Structure of Interest Rates
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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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