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(Single-step Income Statement) The financial records of LeRoi Jones Inc. were destroyed by fire at the end of 2004. Fortunately the controller had kept certain statistical data related to the income statement as presented below.
1. The beginning merchandise inventory was $92,000 and decreased 20% during the current year.2. Sales discounts amount to $17,000.3. 20,000 shares of common stock were outstanding for the entire year.4. Interest expense was $20,000.5. The income tax rate is 30%.6. Cost of goods sold amounts to $500,000.7. Administrative expenses are 20% of cost of goods sold but only 8% of gross sales.8. Four-fifths of the operating expenses relate to sales activities. From the foregoing information prepare an income statement for the year 2004 in single-step form.
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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