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Problem 1: The company uses the allowance method and wrote off an account receivable for $500. Which is true?
Group of answer choices
Option 1: Cash decreased $500.
Option 2: Bad debt expense increased $500.
Option 3: Accounts receivable decreased by $500.
Option 4: Net Accounts receivable decreased by $500.
Problem 2: On December 31st, the company's year-end, they had $50,000 of Account receivables and $200 in the Allowance for Uncollectible Accounts before the adjusting entries were prepared. Management expects 3% of the Account receivables to be uncollectible. After the adjusting entries are prepared; what would be the correct balance in the Allowance for Uncollectible Accounts?
Option 1: $200
Option 2: $1,300
Option 3: $1,500
Option 4: $1,700
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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