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Problem - Apple Inc. 's iTunes provides digital products, such as music, video, and software, which can be downloaded to portable devices such as the iPhone and iPad. Purchases from iTunes are made with credit cards that are on file with the credit card processing company. Such transactions are considered cash transactions. Once the purchases are made, consumers can download the requested digital products to their portable devices for their enjoyment and the charges will show up on their credit card bills.
Required -
a. What kind of e-commerce application is described by Apple iTunes?
b. Assume you purchased 12 songs for $1.25 each on iTunes. Provide the journal entry generated by Apple's e-commerce application.
c. If a special journal were used, what type of special journal would be used to record this sales transaction?
d. If an electronic form were used, what type of electronic form would be used to record this sales transaction?
e. Would it be appropriate for Apple to use either special journals or electronic forms for sales transactions from iTunes? Explain.
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
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