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Steve Company factors P3,000,000 of accounts receivable with Marium Finance on a without recourse (without guarantee) basis on July 1, 2017. The receivable records are transferred to Marium Finance, which will receive the collections. Marium Finance assesses a service charge of 2% of the factored accounts and retains an amount equal to 6% of accounts receivable factored to cover sales discounts, returns, and allowances.
Problem 1: Prepare the entries in relation to the receivalbles
Problem 2: The net cash proceeds arising from the factoring of the receivable is
Problem 3: The gain (loss) arising from the factoring of the receivable is
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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