Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem
The ledger of Bourque Rental Agency on March 31, 2017, includes the following selected accounts before preparing quarterly adjusting entries:
Debit
Credit
Supplies
$14,200
Prepaid insurance
3,680
Equipment
38,720
Accumulated depreciation-equipment
$9,680
Unearned rent revenue
8,400
Notes payable
34,800
Rent revenue
30,400
Salaries expense
14,200
An analysis of the accounts shows the following:
1. The equipment has a four-year useful life.2. One-quarter of the unearned rent is still unearned on March 31, 2017.3. The note payable has an interest rate of 6%. Interest is paid every June 30 and December 31.4. Supplies on hand at March 31 total $960.5. The one-year insurance policy was purchased on January 1, 2017.6. As at March 31, a tenant owed Bourque $810 for the month of March.
Prepare the quarterly adjusting entries required at March 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd