The Transocean Inc. plans to make a five-year period payment to offset its debt. The payments begin with a $2,000 payment (in constant dollars) at the end of the first year, and then increase at the rate of 3% per year. Assume that the average general inflation rate is 3%, and the market interest rate is 5% during this five-year period. a. Calculate the inflation free interest rate. (6 points)
b. What is the equivalent present worth of the payment series at year 0? Note the payments described above are in constant dollars.

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

With the slowdown of business, how can starbucks ensure that the importance of leadership development does not get overlooked?

Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.