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Problem
Prepare journal entries to record the estimated uncollectible accounts expense for the following independent situations.
1) The allowance for uncollectible accounts has a $700 credit balance. Net credit sales during the year are $217,000. Management estimates that 4% of net credit sales will be uncollectible.
2) The allowance for uncollectible accounts has a $600 credit balance. An aging of accounts receivable reveals that $7,300 of the receivables are estimated to be uncollectible.
3) The allowance for uncollectible accounts has a $535 debit balance. An aging of accounts receivable reveals that $5,100 of the receivables are estimated to be uncollectible.
4) The allowance for uncollectible accounts has an $800 debit balance. Net credit sales during the year are $239,000. Management estimates that 3.5% of net credit sales will be uncollectible.
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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