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Question - Miss M's Dance Studios Ltd. is a public company, and accordingly uses IFRS for financial reporting. The corporate charter authorizes the issue of up to 1 million common shares and 50,000 preferred shares with a $2 dividend. At the beginning of the December 31, 2012 year, the opening account balances indicated that 25,000 common shares had been issued for $4 per share, and no preferred shares had been issued. Opening retained earnings were $365,000. The transactions during the year were as follows: Jan. 15 10,000 common shares issued at $6 per share Feb. 12 2,000 preferred shares issued at $60 per share June 30 Dividend paid on common shares of $1.50 per share Sept. 2 Issued 5,000 common shares in exchange for land valued at $25,000 Oct. 31 Dividends declared and paid on preferred shares of $2 Nov. 15 Purchased and retired 500 preferred shares at $62 per share Dec. 31 Net income reported of $532,000
Instructions -
(a) Prepare journal entries to record the transactions above.
(b) Prepare the Statement of Shareholders' Equity.
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
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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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