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Problem - On June 30, 2019 Golf Green Inc. sold 12,000 of its $1,000 face value 10-year, 6% bonds when the market rate of interest was 8%. Interest payments are made on June 30th and Jan 1st each year. Golf Green follows IFRS. On May 1, 2021 Golf Green extinguished 3,000 of the bonds by issuing 40,000 common shares. At this time the accrued interest was paid to the bondholders whose bonds were being extinguished. In addition, to the bond retirement Golf Green issued an additional 10,000 new shares at $25 each.
Prepare journals entries for the bond issue, payment of semi-annual interest, year-end adjusting entry, the retirement of the bonds and the issue of the additional shares. The company has a Dec 31 year end.
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
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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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