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Question - The following information relates to Magic Hair Salon Pty Ltd on 30 June 2021.
Motor Vehicle 180,000
Prepaid Rent 18,000
Salary Expenses 96,000
Cash at Bank 130,000
Service Revenue 213,000
Depreciation expense - Motor Vehicle 18,000
Accounts receivable 17,000
Electricity Expense 9,200
Owner, Drawings 6,000
Unearned revenue 16,000
Supplies Expense 14,800
Accounts payable 13,000
Capital ?
Bank Loan 23,000
Accumulated Depreciation- Motor Vehicle 80,000
Required -
a) Prepare the closing entries for the business. Narration is not required.
b) Prepare the post-closing trial balance for the business.
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.
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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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