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Question - Hungry Ltd employs its staff on a five-day work week, with employees being paid on Fridays. The weekly salaries expense is $12 000 and employees are paid in arrears (That is, when the employees are paid, the salaries paid are for work performed in the preceding week).
Hungry Ltd retains $4000 per week to pay the Australian Taxation Office for pay-as-you-go (PAYG) tax on behalf of the employees. This is paid on the following Monday of each week. It also retains $600 per week to pay staff premiums to the Organic Medical Benefits Fund.
If we assume that the end of the reporting period falls on a Wednesday, what will be the accounting entry at the end of the accounting year?
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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