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The following single-step income statement was prepared: Creative Tax Service Income Statement For the year ended December 31, 2014
Revenues: Tax services revenue $ 50,000 Interest revenue 200 Dividend revenue 50 Total revenues $ 50,250 Expenses: Salaries expense $ 30,000 Office expense 8,000 Rent expense 7,000 Income tax expense 1,575 Total expenses 46,575 Net Income $ 3,675
Prepare a multiple-step income statement for Creative Tax Service for the year ended December 31, 2014
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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