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Windy City Balloon Port ran a balloon launching facility in Illinois, offering sightseeing flights in hot-air and helium balloons owned by third parties. Windy City sold tickets for the balloon rides for $100 per person per ride. The pilot of the balloon would receive $60 directly from Windy City for each ticket sold. Although Windy City provided refueling and repair facilities for the balloons and canceled flights when weather conditions were unsafe, Windy City had no control over the flights once they left port. One day, a balloon piloted by Stevenson left the launch site carrying 6 passengers. It struck power lines and crashed killing everyone on board. Family members of deceased passengers sued for wrongful deaths. One of the issues that had to be resolved before liability could be assessed was whether Windy City and Stevenson were involved in a joint venture. What should the court rule on the issue of whether this was a joint venture? Discuss fully.
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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