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Question - Given the following adjusted account balances in random order, prepare the CLOSING entries on December 31, XX. Use the back of the paper if you need more room, or submit your answer on a separate page or document.
Cash 35,000
Tom Smith, Capital 85,000
Accounts Payable 33,000
Revenue 84,000
Deprec. Expense building 12,000
Salary Expense 29,000
Interest Revenue 24,000
Prepaid Rent 9,000
Supplies Expense 6,000
Note Payable 71,000
Land 65,000
Accounts Receivable 32,000
Accum. Deprec. Building 12,000
Unearned Revenue 3,000
Tom Smith, Withdrawals 20,000
Rent Expense 15,000
Building 95,000
Supplies 4,000
Interest expense 4,000
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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