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Question -
On April 1, 2016 Sunrise Plastic Industries (SPI) purchased a new machine costing $87,000. The machine is estimated to have a useful life of six-year or a total production of 450,000 units with an estimated residual value of $12,000 at the end of that time. During 2016, the machine produced 45,000 units of plastic product. The business's year-end is December 31 of each year and the company uses the straight-line method of depreciation for all its fixed assets.
Required (Round your answers to the nearest dollar): Prepare journal entry to record the depreciation expense for the year ended December 31, 2018, assuming that the company uses the double-declining balance (DDB) method of depreciation for all its fixed assets. Explanation is not required. (2 marks) (c) Assume that on April 1, 2020, the machine was exchanged for a similar powerful machine at a cost of $98,000. The old machine was given a trade-in value of $39,000. Journalize the exchange of asset for Sunrise Plastic Industries. Explanation is not required.
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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