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Dollar-Mart Inc. is a general merchandise retail company that began operations on January 1, 2010. The following transactions relate to debt investments acquired by Dollar-Mart Inc., which has a fiscal year ending on December 31: May 1. Purchased $60,000 of Elkin City 4%, 10-year bonds at face value plus accrued interest of $400. The bond is classified as an available-for-sale investment. The bonds pay interest semiannually on March 1 and September 1. June 16. Purchased $112,000 of Morgan Co. 6%, 12-year bonds at face value plus accrued interest of $280. The bond is classified as an available-for-sale investment. The bonds pay interest semiannually on June 1 and December 1. Sept. 1. Received semiannual interest on the Elkin City bonds. Oct. 1. Sold $24,000 of Elkin City bonds at 103 plus accrued interest of $80. Dec. 1. Received semiannual interest on Morgan Co. bonds. 31. Accrued $480 interest on Elkin City bonds. 31. Accrued $560 interest on Morgan Co. bonds. 31. The available-for-sale bond portfolio was adjusted to fair values of 102 and 101 for Elkin City and Morgan Co. bonds, respectively. 2011 Mar. 1. Received semiannual interest on the Elkin City bonds. June 1. Received semiannual interest on the Morgan Co. bonds. (Assume that there are no more purchases or sales of bonds during 2011. Also assume all subsequent interest transactions for 2011 have been recorded properly.) Dec. 1. The available-for-sale bond portfolio was adjusted to fair values of 99 and 100 for Elkin City and Morgan Co. bonds, respectively.
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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