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Home Hardware reported beginning inventory of 20 shovels, for a total cost of $ 100. The company had the following transactions during the month: Jan. 2 Sold 4 shovels on account at a selling price of $ 10 per unit. 16 Sold 10 shovels on account at a selling price of $ 10 per unit. 18 Bought 5 shovels on account at a cost of $ 5 per unit. 19 Sold 10 shovels on account at a selling price of $ 10 per unit. 24 Bought 10 shovels on account at a cost of $ 5 per unit. 31 Counted inventory and determined that 10 units were on hand.
Required:
1. Prepare the journal entries that would be recorded using a periodic inventory system.
2. Prepare the journal entries that would be recorded using a perpetual inventory system, including any book-to-physical adjustment that might be needed.
3. What is the dollar amount of shrinkage that you were able to determine in (a) requirement 1, and (b) requirement 2? Enter CD (cannot determine) if you were unable to determine the dollar amount of shrinkage.
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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