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Frank Inc., has the following information available:
Cost from Beginning Inventory Cost from Current PeriodDirect materials $4,652 $23,051Conversion Costs $5,181 $159,180At the beginning of the period, there were 404 units in process that were 46 percent complete as to conversion costs and 100 percent complete as to direct materials costs. During the period 4,581 units were started and completed. Ending inventory contained 301 units that were 35 percent complete as to conversion costs and 100 percent complete as to materials costs. (Assume that the company uses the FIFO process cost method.)
What was the cost of completing a unit during the current period?
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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