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On December 31, 2020, Pharoah Treats Limited reported 43,000 common shares issued and a balance in the Common Shares account of $270,040. On April 5, 2021, it reacquired 8,500 of these shares. This is the first time Pharoah Treats has reacquired any of its shares.
problem 1: Record the reacquisition of the shares assuming the company paid $49,000 to reacquire the shares
problem 2: Record the reacquisition of the shares assuming the company paid $64,000 to reacquire the shares.
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.
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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.
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