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Question - Consider the following information:
Cash: $10,000
Accounts Payable: $3,000
Accounts Receivable: $2,000
Office Supplies: $1,000
Furniture: $15,000
Notes Payable: $10,000
Equity: $5000
From the above set of data, what is the total for assets, liabilities, and equity?
a)
Total Assets: $36,000
Total Liabilities: $21,000
Total Equity: $15,000
b)
Total Assets: $48,000
Total Liabilities: $43,000
Total Equity: $5,000
c)
Total Assets: $31,000
Total Liabilities: $15,000
Total Equity: $16,000
d)
Total Assets: $28,000
Total Liabilities: $13,000
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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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.
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