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Question - Zeta Corp. established an agency in Baguio City. For the first month of operatios, the agency transactions were summarized as follows
Receipts from sales 350,000
Disbursements for:
Purchases 400,000
Rent 20,000
Advertising supplies 10,000
Salaries and commissions 70,000
Other expenses 5,000
At the end of that month, the agency had P100,000 of receivables and P50,000 of payables. Also, there were P90,000 of unsold merchandise and P6,000 of unused advertising supplies on hand. What is the results of operations of the Baguio City agency?
A. No profit, no loss
B. P25,000 profit
C. 9,000 loss
D. 155,000 loss
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.
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CAPM and Venture Capital
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