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!
Question - On May 31, 20xx the cash account of Perkins Supply Company had a balance of $43,820. On that date, the bank statement indicated a balance of $54,600. The bank reported the collection of a note receivable for Perkins of $6,300 plus $300 interest. The $1,700 cheque of the customer, Raymond Frank, was returned by the bank because of insufficient funds. The bank charged perkins $60 for services. The bank erroneously failed to credit a $4,200 deposit to perkins account. It was observed that the bank statement did not include a deposit of $4,700 made by Perkins on May 31 and that cheque totaling to $13,400 issued by Perkins had not cleared by the bank. Perkins recorded an insurance expense payment of $160 as $1,600.
Required -
(a) Provide bank reconciliation (in good form) as of May 31.
(b) Provide, in general ledger form) the entries necessary to adjust Perkins records based on the bank reconciliation.
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