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Question - Phillips Limited has share capital of $100 million at January 1, 2020, which represented 10 million shares. The entity's retained earnings stood at $25 million and revaluation reserves of $75 million as at December 31, 2020. In addition to the above, the company had trade payable, building, inventory and cash of $50 million, $200 million, $30 million and $20 million respectively.
On December 30, 2020, the directors declared a four for five bonus issue, which was followed by a rights issue of one for ten shares at $12 per share.
Required -
a. Prepare the entity's statement of financial position as at December 31. 2020 before the issue of any new shares.
b. Prepare the statement of financial position as at December 31, 2020 after the issues declared by the entity's directors.
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
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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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