Accounting Questions and Answers February 08, 2021

Economics Develop an original multivariate model using data from FRED (Federal Reserve Economic Data), properly document in APA and compose a two-page explanation of the model (include the original model output table and an original display figure).

a. MGM Resorts International: 22.6% ($93,760,000 $415,654,000) b. Johnson & Johnson: 3.4% ($340,000,000 $10,114,000,000) c. Casino operations experience greater bad debt risk, since it is difficult to control the creditworthiness of customers entering the casino. In addition, individuals who may have adequate creditworthiness could overextend

In which of the following cases is there most likely to be an assessable net capital gain, assuming all individuals are Australian tax residents and the transaction occurred in Australia? a) Fiona receives an amount of $60,000 as a settlement of her personal injury compensation claim. b) Elon sells shares for $150,000 in the current year. He

Roy sold a home cinema projector on 28 April 2020 for $6,500. Roy had purchased the projector for $12,999 on 31 March 2019 and used it for watching his favorite movies at home. Which of the following statements is most correct? a) Roy has a capital loss of $6,499 which can only be offset against collectible capital gains. b) Roy has a capital loss

Sarah, a resident taxpayer, provides the following information in relation to the year ended 30 June 2020: Gross salary $75,000 (PAYG $18,000) Bonus from employer $2,500 Interest received $350 Deductible home office expenses $400 Sarah is single and has private health insurance Based on the above information calculate the tax payable or refundable

Gerald is a baker who carries on a business in Toowoomba where he sells directly to the public and local restaurants. Gerald is a small business entity. Gerald had the following outgoings in the year ended 30 June 2020: Gerald paid parking fines of $700 imposed by the local city council on his delivery truck. Gerald needed to park illegally to get

Assume that you are the manager of McDonald's and you are to implement Total Quality Management (TQM) within the organisation. Note: Construct a business proposal or report according to the structure below: Introduction: Purpose: (this is your purpose not the organisation's) this will come straight out of the assignment task. Direction: this is

Right of Return. Use the following information to answer Q5a, Q5b and Q5c. On Nov 2, 2019, the Fine Metal Co. sold Precision Inc, 200 tool sets at a price of $50 each [cost $30 per set] terms n/60. Fine Metals customers have the right to return any unused tool sets within 30 days of purchase. Fine Metal estimate that 10 sets will be returned. On

Economics This question is motivated by the example of non-linear pricing that we dis- cussed in class. A cellular phone company offers data plans and wants to determine a pricing strategy that maximizes revenue. (a) Suppose that there are 100 consumers who all have the same preferences. An individual consumers willingness to pay for the first GB

Stephen was employed as a security guard by Excel Sdn Bhd (Excel) one of his jobs entailed patrolling a busy warehouse owned by Excel. One night as Stephen was patrolling the inside of the warehouse, he did not notice a box that was placed in an precarious position on a very tall shelf. As a result when he was waiving his torchlight around to view

Spring Designs & Decorators issued a 120-day, 4% note for $60,000, dated April 13 to Jaffe Furniture Company on account. a). Determine the due date of the note. b). Determine the maturity value of the note. c). Journalize the entries to record the following: receipt of the note by Jaffe Furniture receipt of payment of the note at maturity.

Using a source of international statistics, compare the percentage change in the following economic data for India, Pakistan, and the United States for a recent year. What were the differences, and which country or countries differed most from the United States? a. Aggregate output (GDP) b. Consumer Price Index c. Money supply growth B) Using

1. Consider the production function f(x1, x2) = x2 1x2 2. Does this exhibit constant, increasing, or decreasing returns to scale? 2. Consider the production function f(x1, x2)=4x 1 2 1 x 1 3 2 . Does this exhibit constant, increasing, or decreasing returns to scale? 3. The Cobb-Douglas production function is given by f(x1, x2) = Axa 1xb 2. It

Denise (D) works as a paralegal and holds two side businesses too! She and her husband Bob divorced on 12/25/17 Merry Christmas! She did not file her 2017 tax return and needs your help. Here are the transactions during 2017, unless noted otherwise Salary - D $80,000 Salary - Bob 50,000 Interest income on bonds(owned by Denise) Issued by City of

9.5.29 Question Help The accompanying data provide the winning distances for three separate competitions in a longrunning international sporting event Develop forecasting models for each of the events Click the icon to view the winning distance data. Develop a forecasting model for Event A. Select the correct choice below and fill in the answer

K Which of the following is not true regarding externalities OA. Externalities have no effect on market efficiency. OB. Externalities can be either positive or negative. OC. Externalities are imposed on agents other than the parties to an economic exchange. OD. Externalities can occur in either consumption or production.

Given that it is equally likely that the stock will go up by 36.5% or go down by 5.5%. The current price is $30. The future prices for the next 4 years are: What is the expected price of this stock in 4 years? If we have a call option: we can buy 20,000 shares in 4 years. What is the expected value of the stock option? If Mark buys 9125 shares of

Year 0 30 Year 1 40.95 28.35 Year 2 55.90 38.70 26.79 Year 3 76.30 52.82 36.57 25.32 Year 4 104.15 72.10 49.92 34.56 23.92

Suppose you programmed a computer to do the following Step 1 Randomly choose a number from 0, 3, 6, 9, or 12 (with equal probae bility of choosing each value). Do this 200 times to get a sample of n 200 random numbers. Step 2 Using the sample in step 1, calculate u x, o s2, and tEu V )sigma n. Step 3 Repeat steps 12 another 99,999 times to get

Economics suppose an agent to possess $10 of wealth (income=I) and to contemplate a gamble that gives her a 50% chance of winning $5 and a 50% chance of losing $5. Suppose that agent to have utility function equal to u(I) = I. What would be the risk premium and certainity equivalent associayed with making this agent indifferent between axcwpting

8 9 10 IN 11 12 13 14 15 16 7 3 4 5 6 7 2 1 x1 F10 A 810.6 1775 330.4 459.8 802.4 279.6 188.4 152.7 253.4 358.6 92 205 253.6 416.5 1075.9 x2 B X x3 C 13.4 42.93 24.2 32.319 5.7 68.434 10 51.398 13.9 58.778 10.4 53.236 4.6 63.208 7.3 80.727 9.9 48.037 13.5 38.288 12.8 36.507 5.9 37.195 15.8 36.964 12.3 48.83 19.1 39.684 D,a2. What percent of total

The vapor pressure of pure hexane and pentane at 25 C are 149.1 mmHg and 508.5 mmHg, respectively. If a hexane-pentane solution has a mole fraction of hexane of 0.750, what are the vapor pressures of hexane and pentane above the solution? What is the total vapor pressure?

Select three Countries (Canada and two countries of your choice), set the rest of the countries to invisible Set the Xaxis as Income (this is the default setting). For the Yaxis, you will select three different metrics of concern which rGDP does not measure. IE rGDP does not measure life expectancy but as a society, we may be interested in

In early August 2019, Beast & Beauty Co., a gymnasium located in Sunway Road entered into a contract with FitPro Ltd, a fitness equipment supplier. The contract was for the sale of 10 units of R9 Recumbent Bike that has 15 levels of resistance and a smart interface to incorporate workout playlists and uses changes in music to coach through

Read the article. The title is "How the coronavirus has helped push down the wholesale price of coffee 30% in a month" Question: Should such an important commodity be open to market volatility, which tends to cause frequent large swings in price or should the market be controlled and the prices locked-in each year? Explain your position. Economics

If interest rates for three years are 2% in the US, and 1% in Japan and the currency /$ rate is 110, what quote would you provide for a 3-year forward contract? If the 3-year forward rate is quote to you at 113 /$, is there an arbitrage? How much can you make with a $1 million line of credit?

More and more young generation and enthusiast participates in off-road racing. In off-road racing, races often take place in the desert, where various classes of specially modified vehicles, including cars, compete in races through off-road environments. Famous here in Jordan was the 4 x 4 championship race held last Feb. 20, 2020, in an area

John collects alhuminum cans and sells them to a recycling firm to earn extra cash. Each can he finds earns him 20 cents. He also has an open offer to help out his friend who has a landscaping business. Each hour he works for his friend he is paid 9 per hour. John works 5 hours a day and experience has shown that he finds more cans the more hours

2. It requires one unit of land, one unit of labour, and one unit of other inputs in order to produce a unit of canola (c). The supply of land, labour, and other inputs are Qiand max50, 50 0.2Plond (5) QEhour 400 40Pother and 150 30Pother and the demand curve for canola is QDola 100 0.5Panota (a) Solve for the equilibrium price, quantity,

Huff Bicycle Company manufactures bicycles in Mexico and China and sells them in the U.S. at a steady rate 1000 bicycles per day. The time to ship a bicycle from Mexico is about three days on average and it is about 20 days to ship the bicycles from China. Currently, 20% of the bicycles are manufactured in Mexico and 80% of the bicycles are

Going Concern. The following quote is from The Financial Times article, After Wirecard: is it time to audit the auditors? Jonathan Ford & Tabby Kinder July 3 2020. renewed focus on internal controls, going concern and fraud. The vast majority of business failures are not the fault of auditor, but when the audit quality is a contributory

GDP is the sum of all income earned in a country during a year.Alternatively,it can be thought of as the value of all products in an economy during a year.But do income and production measure happiness? The way we measure GDP can both overstate and understate peoples happiness and well-being.It understates economic activity and well-being when it

Question 3 a. A communication system transmits an analog waveform via a Yagi antenna of length 3m. The analog wave form is carrier modulated and transmitted over an Maray PAM system, where the number of pulse level is M 64. The quantization distortion must not exceed 2 of the peaktopeak analog signal. i. What is the maximum number of bits per

As a Telecommunication engineer you can attest that the fact that transmission andreceiving of signals are very key and the qualities of these signals are very paramount in theservice delivery. From the above it could be seen that certain components and parameters areto be considered as factors or key performanceindicators (KPIS) without which

You are the supervisor of the bed and bath department of a large department store. As supervisor, you are in charge of overseeing seven employees whose ages range from 16 to 20 years old. For the most part, you work alongside these employees, but you are also responsible for typical managerial duties (assigning tasks, creating the schedules,

Free Cash Flow 100 Growth rate 2 Tax Rate 1 Cost of Capital 5 Debttototal value 50 Given the data in the above table, what is the terminal value of the business (using the growing perpetuity formula) O 3000 3400 O 3600 O 3366 OOO

Inclusion has become a major trend and issue for many classrooms today. Consider this ethical dilemma from Fundamentals of Early Childhood Education : Jennifer Curry, a first-grade teacher at Eagle Ridge Elementary School, has learned that a child with autism will join her regular education classroom. Although Jennifer understands that more

If Az 6, and 2, tER, is the general solution of the corresponding homogeneous equation Az 0, then which of the following is a solution of Az b is a solution of a) ON 5 b) 5 O c) OH d) None of these Previous e) 5 0 3 8 Next Pan,Question 3 (9 points) Workingage population labour force employment Consider the data listed above that are drawn from

The following information pertains to the Vermont Furniture Company for the year 2020: Number of tables produced and sold 2,000 Selling price $700 per table Rent on the Home Office Building $60,000 Wood and Polish 60,000 Employees in Polishing Dept. 45,000 Salaries of Factory Managers 200,000 Insurance on the Factory 12,000 Home Office Salaries

The following are data on U.S. exports and imports in 2007. Use the information in the table to answer the questions below. Product Exports ( billions) Imports ( billions) Beverages 3.6 14.7 Pharmaceutical products 40.7 55.6 Cotton 4.9 0.8 Apparel 1.9 33.3 Footwear 1.0 17.6 Iron and steel 15.4 12.4 Copper 5.0 6.4 Electric machinery 124.9 212.1

Suppose the Sherwin-Williams Company is interested in developing a simple regression model with paint sales (Y) as the dependent variable and selling price (P) as the independent variable. Complete the following worksheet and then use it to determine the estimated regression line. Sales Region Selling Price Sales ($/Gallon) (x 1000 Gal) i i x i xi

Write a discussion and analysis for my results and conclusion with self reflection

Electronics I Objectives To investigate the operation of Half wave Rectifier. PreLab Use Multisim software to carry out this lab. ELE 2403 Components and equipment required Diodes, Transformer with AC source, Multimeters and oscilloscope. Half Wave rectifier Procedure AC Input Diode M AC Input Waveform Ov. funt Fig. 1 M Vour VIKE 177 Resultant

Consider a consumer price index whose base year is 2002. 1. The value of the CPI in 1977 (the year in which I graduated from high school) was 33.6. What can we conclude relative to the base year 2. Thirty years later in 2007 the value of the CPI was 111.5. How does one interpret that figure 3. By what percentage must wages have risen over that

From the following information determine the total 2020 tax due for Gracelyn and Jason Baxter, assuming they file a joint return, have three dependents all under the age of 8, and are not members of a qualified retirement plan: Jasons Wages $ 76,000 Gracelyns Wages $ 42,000 Jasons IRA Contribution $ 3,000 Gracelyns IRA Contribution $ 3,000

a) Class, GDP is a measure of our economic wellbeing, though this measure omits some things that are important in describing how welloff we are. Provide 3 specific examples of things that your think are important to you or to society, but which are omitted from the GDP measure. b) If you were given the job of developing a new indicator that would

Palmer Corporation just hired Mickey, golf pro, to develop and construct an eighteen-hole course in Wyoming. This is an extensive project that involves earthmoving costs to create a state-of-the-art landscape for the new course. Though the fairways have planted grass, the greens will be modern greens which involve complicated drainage systems. The

The yield per acre of a certain crop depends on the amount of fertilizer used and the amount of rainfall during the growing season. The table in Figure 4.2(a) shows crop yields in bushels per acre under various conditions of fertilizer use and rainfall. Figure 4.2 (a) Crop Yield (Bushels per Acre) (b) Fertilizer, Inches of Rainfall Tons per Acre 5

100 25 2 3 Fertizer, Tono er Aere Buchede por Acre

On January 28, the ASX dropped by 1.9% to 6649.7 and recorded its worst session in nearly four months. The market shed as much as $55 billion at its lowest point. What might a falling stock market reveal about macroeconomic fundamentals, and why?

Using the information for The Great Cookie Company presented in the table below, determine the following 1. Amount of income per share paid to a stockholder in the last 12 months. 2. Percentage of dividend income when compared to the close price. 3. Lowest price paid for a share of the stock in the last 12 months. YeartoDate Change 52Week Hi

A company purchased two new trucks for a total of 250,000 on January 1, 2018. The company paid 40,000 cash and signed a 210,000, 3year, 8 installment note for the remaining balance on the date of purchase. The note was to be paid in three annual payments of 81,487 each, with the first payment on December 31, 2018. Required 1) Prepare an

Two hospital emergency departments will share overhead costs of $4000 created as a cost pool combining costs of the maintenance and housekeeping departments. The cost driver selected is square footage. Emergency department A has 10,000 square feet, and Emergency department B has 30,000 square feet. How much of the pool will be allocated to

Spirit softwaer company that generated S12 million in pec tax operating income on S 100 million in revenoes last year the form is stable ans does not expect revenue or opreating income to change over the next 10 years it is inventory mangment is in shambles and inventery as a precent of revenue amounted to 12 las year. Spirit is considering

As part of the audit planning phase, the issue of a time budget for the completion of the audit is essential to allocate the hours and resources among the various sections of the audit file. Ima Genius is an audit manager who plans/hopes to become partner of the local firm and as such he feels that his ability to get audits completed within or

An individual is insured and has a co-pay of 20%. The deductible is $500. The hip replacement procedure charge at the hospital is $28,000. The insurance company has negotiated a discount of 10% off the charge for the procedure. What is the total out-of-pocket cost to the insured?

A hospital charges $2500 for knee replacement. An insurer has negotiated an allowed rate of 80% for each procedure. The deductible is $1000. Co-pay is 20% for the insured. What does the insured pay? What does the insurer pay?

CH Robinson (CHRW) is a local, publicly traded firm engaged in the business of third party logistics. CHRW recorded the following information about their last two fiscal years (dollars in thousands): 2017 2018 Sales: $14,869,380 $16,631,172 Accounts Receivable $2,113,930 $2,162,438 Calculate Days of A/R outstanding for 2017 and 2018. If the

A taxpayer is interested in acquiring land and a building to use as a warehouse. The taxpayer can lease the land and building or can purchase the land and building. Compare the tax treatment of these two alternatives. Refer to both the amount and timing of any related tax deductions.

Brooks Corporation uses a joborder costing system to apply manufacturing costs to jobs. The company closes its underapplied or overapplied overhead to cost of goods sold. Its balance sheet on March 1 is as follows Brooks Corporation Balance Sheet March 1 Assets 102,000 Cash Raw materials Work in process Finished goods Prepaid expenses Property,

You are employed as a Management Accountant, with CD Products Ltd. They use expensive equipment to make compact discs for customers in other companies. It has two manufacturing departments: the CD pressing department and the finishing department. The CD pressing department uses one machine to write digital data from a master disc to blank discs.

The initial investment of a machine is 320,000 and a salvage value of 60,000 at the end of 15 years. the annual operating cost was 20,000 money is worth 5% compounded annually. a. what's the perpetual amount of 20,000 b. what us the capitalized cost of the machine. c. draw the cash flow diagram if the investment *c. draw cash flow diagram of the

Peter Piper Corp acquires Silly Suzy Corp for $420,000.00 Cash on 1/1/21. At the time of the purchase Silly Suzy Corporation had the following Balance Sheet: Current Liabilities $90,000 Inventory 72,000 Bonds Payable 100,000 Land 60,000 Common Stock $1 par 20,000 Buildings 250,000 Paid in Capital 80,000 Accum Dep Blg (50,000) Retained Earnings

Consider an economy with two types of consumers, which differ in their endowments type1 people own 10 units of good x and none of good y, while type2 people own none of good x and 10 units of good y. Both types of consumers like to consume both goods, with the same preferences over consumption bundles (i.e. the same utility function). For each of

Please provide for the interior decorating industry Include three weaknesses and impact to the business and/or customer. Weaknesses are internal; what you can control. Opportunities Include three opportunities and explain the importance (think features and benefits to customer). Opportunities are external; what is happening outside your company

In the summer of 2019, New Westminster City Council ordered the removal of a statue of the notorious Judge Begbie that sat for decades in front of the New Westminster Courthouse Read both News Articles below, and consider the following questions: 1. Who was Matthew Begbie , and what decision did he make as a judge that is still controversial today

Costing Systems Ava discussed the business plan with her accounting professor who agreed to serve as her part time accountant. His first advice was for the business to develop a budget. Her accounting professor also told Ava of the three different types of costing systems that exist in organizations job order, process costing and activity based

Elegance Esthetics Wholesalers Corporation sells various esthetics treatment tools, esthetic and spa supplies. In 2020, Elegance Esthetics signed a two-year contract with Saskatoon College to supply it with 100 esthetic tool and product kits for students in the colleges esthetics program for each academic semester. The value of the contract is

A Corp has a net income per books of $108,750. The following book-tax differences were found: Federal income tax expense per books is $22,837 Equipment with a book value of $20,000 was sold for $15,000. Tax basis was $0. Meals totaled $1,000. Fervor paid $8,000 in life insurance premiums on key employees. Tax depreciation is $175,500. Book

A group of surgeons are considering opening a surgical center in downtown Vancouver, offering foot, ankle, knee and hip surgery to the general public. The surgeons believe that their success of opening such a facility is largely dependent on an upcoming legal decision (to be decided in June 2021) to grant or not grant further public access to

In August 2015, Turing Pharmaceuticals raised the price of Daraprim from $13.30 a tablet to $750, an increase of 5,456 percent (Over and Silverman 2015). Daraprim is the only available treatment for toxoplasmosis, a rare infection that can become deadly for patients with weakened immune systems. This price increase means that an individuals

How much GST, if any , is included in the following: A residential course, offered by a regional university, leading to a Diploma of Accounting. The course cost is $5,000 comprising $3,000 for course fees and $2,000 for accommodation and meals; (1 mark) The sale, for $33,000, of a delivery service business; (1 mark) Purchase, for $5,000, of a

Now William knows that he will have 1,296,000 in his inheritance fund, when he will reach age sixty. He would like to know how much he could withdraw from the fund in equal installments at the end of each year from the year he reaches age 60 until he reaches age 70, the year he must start withdrawing funds from his individual retirement account

Rapidly rising health care costs have been a prominent political issue for decades. Since at least the 1970s, health care costs have increased faster than inflation. At the same time, wage growth in the U.S. has been relatively slow since the 1970s. Since payment for health insurance is typically through an employer in the U.S., concerns have been

Jasmine is a very successful sales person and is employed by a large Canadian public company. For 2020, her base salary is $122,000. However, $8,200 of her salary will be paid on the first Friday of 2021 as per her employers payroll schedule. In addition to her base salary, while she does not receive commissions, she was awarded a bonus of $19,000

Suppose researchers estimate that, in addition to the above effects, there is a 17% probability that this policy will cause the orca population to completely collapse in 50 years. This is an additional cost of the policy. To place an economic value on this additional cost requires addressing both the uncertainty of the collapse and the fact that

Consider the following simplified example of a commercial bank, which is borrowing and lending funds of two maturities: short-term (1 year) and long-term (2 years), all zero-coupon. Loans consist of $40 million short term and $40 million long term, while liabilities are $60 million short term and $10 million long term. All numbers are in market

Assets Liabilities Short term loans 40,000,000 Short term liabilities 60,000,000 Long term loans 40,000,000 Long term liabilities 10,000,000 Total liabilities 70,000,000 Equity 10,000,000 Total loans 80,000,000 Total equity and liabilities 80,000,000

Select an sports article from a web site, book, newspaper, magazine, or journal. Titles of magazines, journals, newspapers and books are in italics. You will write your response in the form of a Block Letter and submit. In the letter you must include the title of the writing, the author and where published. Imagine that you are delivering an

Design a question which will allow the client to identify which service they are receiving from Barry. As an example, for Barry, list five typical services a bookkeeper offers to their clients.

Mattox company is building a new plant that will take three years to construct. The construction will be financed in part by funds borrows during the construction period. There are significant architect fees, excavation fees, and building permit fees. Which statement is true? a. excavation fees are capitalized but building permit fees are not b.

Economics A new machine comes with 180 free service hours over the first year. Additional time costs $176.1 per hour. What is the margi Fifty years ago, Jessy purchased a set of silver-plated dinnerware for $59.9 and last year you inherited it. Unfortunately, a

What would the formula be for index, match, and indirect?

plate wwidower tatus (1 through 4) er Taxable Income ederal Tax Bracket ederal Tax Bracket ederal Tax Bracket 1 9,275 15.00 15.00 7 Filing Status Taxable Income status 1 Form Controls AI 920 Look up Table Single Status 1 0 9,275 37,650 91,150 190,150 413,350 415,050 Filing Status Married filing jointly or qualifying widowwidower Status 2 Married

Economics CAUTION: this topic can be emotional so be respectful at all times. Use examples and facts to support your opinion but do not disrespect your fellow students. Just because someone disagrees with you does not mean they are insulting you. Today we face a broad number of issues that are complicating businesses ability to market their

A lot of international business discussion today centers on how much economic power, political influence, and international competitiveness the People's Republic of China (PRC) has achieved and is forecast to gain in the next decades. China along with India, Brazil, and Russia form the BRIC (an acronym formulated using their initial letters)

Assume the interest rate on a 1 year bond is 4 percent and is expected to have a path of 3, 2, 1, and 0.5 percent over the next four years and the liquidity premium is given by ln,t = (n-1)(0.01)% a. Calculate the yield today on 2 year, 3 year, 4 year and 5 year bonds respectively. Draw the yield curve. b. What information do we derive on future

Analyze the case study below by Jack Kleban and Ingeborg Nickerson. In an essay of at least 750-words, address the following prompts. Bring in outside research as required to justify your rationale. Be sure to cite your research according to APA style conventions. As consumers shift more toward exclusively purchasing craft beer varieties, what

A) Identify the constitutional clause relevant to both Regents of the University of California vs Bakke (1978) and Brown vs Board of education (1954). B) Explain how the rulings differed in the Bakke vs Brown case. C) Describe an action that students who oppose the Bakke ruling can take to limit its impact.

3. In the mid1970s, California resident Allan Bakke, a white, 35year old admission while it accepted minorities with lower grade point averages man, applied to the University of CaliforniaDavis medical school. The schools affirmative action policy set aside 16 of the 100 spots exclusively for qualified minority applicants. The medical school

A 21-year loan requires month-end payments of $667.33 including interest at 10.0% compounded monthly. What was the original amount of the loan?

A company has a low pass 1MHz bandwidth communication line. The company needs 4 separate independent channels each capable of sending at least 2Mbps. QAM technology has been selected to implement. What is the minimum bits per baud for each channel? What is the number of points in the constellation diagram for each channel? Assume d = 0

At the end of the 1980s, one Canadian dollar was worth US0.85. By the middle of the 1990s, one Canadian dollar was only worth US0.70. Many economists in Canada argued that the large budget deficits that the Government of Canada was running in the 1980s and early 1990s were partly responsible for the depreciation of the Canadian dollar. Some

KINGDOM Ltd imports selfassembly furniture for resale to retailers and direct to the public. During the year ended 31 December 2003 the companys bookkeeper was injured in an accident. Due to his absence on convalescence, only the personal ledgers and the cash book were maintained. You have been provided with the following available information.

In just his early thirties, Blake Mycoskie has already had an amazing race of a life. He started his first business (a campus laundry service) when he was attending college at Southern Methodist University. The business was successful and, after selling it, Blake continued to create successful businessesfive altogether. It was after competing on

Use the information below to prepare financial statements for ABC Corporation. - Income Statements for Y1 and Y2 - Balance sheets as of December 31, Y1 and Y2 - Statements of cash flows for Y1 and Y2 prepared using the indirect method - Round to the nearest dollar. Policies: Furniture depreciation: Straight-line basis, using a five-year useful

Restaurants of all kinds have scrambled to keep customers coming in during recent difficult economic times. Pizza Hut is in an unusual spot. It isnt exactly fast food, but it isnt quite full-service fare either. Pizza Hut has never been perceived as being on the low end of pizza prices. As the economy sagged, all these factors cooled down business

The following note related to stockholders' equity was reported in Wiebold, Inc. 's annual report. On February 1, the Board of Directors declared a 3-for-2 stock split, distributed on February 22 to shareholders of record on February 10. Accordingly, all numbers of common shares, except unissued shares and treasury shares, and all per share data

The following information is taken from the financial statements and audit working papers of ABC Inc.for its fiscal year ended December 31, 2020. The company is involved in buying and reselling widgets. ABC Inc. Condensed Unaudited Income Statement For the Year Ended December 31, 2020 Sales $16,050,000 Cost of goods sold (14,050,000) Gross profit

Recently, we heard about hedge funds losing money on their short positions placed on shares of GameStop. On January 27, Andrew Left of Citron Research said in a YouTube video: "Covered the majority of the short in the $90s at a loss of 100%." Suppose Citron shorted 1 million shares with initial margin at 50% and maintenance margin at 35%. Ignore

A Canadian retailer had annual sales in Alberta of $ 3.6 million, which represented 18% of the total sales across Canada. What were the retailer's total sales in Canada for that year?

Write a professional memo to upper management from your own perspective as Marcus, the cost accountant. Explain your costing results and propose your ideas on how to move forward based on your costing results. (Information below) Background: Marcus, the cost accountant for Hi-Power Mower Company, recently installed activity-based costing at

The chart below is a General Journal that reflects accounts made for foregoing transactions in the accounts. Use this General Journal to create a Trial Balance. GENERAL JOURNAL Date Debit Credit Dec. 1. Cash $ 65,000.00 Common stock $ 65,000.00 ( To record issuance of common stock. ) 2. Rent expense 5,000 Advertising expense 5,000 ( To record

On 5 December 2021 Flora sold a motor vehicle for 4,740. The customer was due to pay Flora's Florist on 5 April 2022 but only paid two-thirds of the amount due by cheque on this last day of the accounting year. Nothing regarding the disposal transaction, including any cash received, has been recorded in the accounts. This motor vehicle had been

Required 1. Calculate certain balances as if Pinnacle used the equity method of accounting. To prove your answer is correct, prepare a consolidating worksheet for 2021 as if Pinnacle used the equity method of accounting to account for its investment in Strata. Additionally, prepare a consolidating worksheet if Pinnacle used the partial equity

1. On January 1, 2020, Pinnacle Corporation exchanged 3,200,000 cash for 100 percent of the outstanding voting stock of Strata Corporation. On the acquisition date, Strata had the following balance S Accounts payable. 122,000 283,000 Longterm debt. 350,000 Common stock. 1,875,000 Retained earnings. 3,000,000 5,630,000 Cash. Accounts receivable.

Why were six different banks involved in this issuance? For simplicity, assume that the banks equally split the issuance. Should the banks' fees for their services differ between the sukuk bond and the straight bonds? If so, by how much and in which direction?