The cfo of your firm has asked you for an approximate answer to this question: what was the increase in real purchasing power associated with both 3-month treasury bills and 30-year treasury bonds? assume that the current 3-month treasury bill rate is 4.34 percent, the 30-year treasury bond rate is 7.33 percent, and the inflation rate is 2.78 percent. also, the chief financial officer wants a short explanation should the 3-month real rate turn out to be < the 30-year real rate. the inferred real interest rate of treasury bills is

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For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

The simple interest in a loan of $200 at 10 percent interest per year is