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Question - Kingbird Inc. owes Buffalo Bank $218,000 plus $18,900 of accrued interest. The debt is a 10-year, 10% note. During 2020, Kingbird's business declined due to a slowing regional economy. On December 31, 2020, the bank agrees to accept an old machine and cancel the entire debt. The machine has a cost of $416,000, accumulated depreciation of $235,000, and a fair value of $198,000. The bank plans to dispose of the machine at a cost of $5,500. Both Kingbird and Buffalo Bank prepare financial statements in accordance with IFRS 9. Prepare the journal entries for Kingbird Inc. and Buffalo Bank to record this debt settlement. Assume Buffalo had previously recognized an allowance for doubtful accounts for the impairment prior to the settlement.
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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