Glen Avon Inc. specializes in the production of telecommunication satellites. The company has
a 6-month fiscal end on December 31 and June 30. In 2004 the company decides to expand their
operations and finances it by issuing 4,000 bonds at a 14% coupon rate (annual). The bonds pay
interest on October 31 and April 30, and are due on April 30, 2019.
a. (3 points) Assuming the bonds are issued on April 30, 2004 at 104, record the journal
entry(ies) for the issue.
b. (5 points) Record the proper adjusting entry(ies) for the 6-month fiscal end on June 30, 2004.
c. (4 points) Record the interest payment on October 31, 2014.
d. (8 points) On November 30, 2014, the company purchases 90 percent of the bonds back at
110 plus accrued interest. Record the proper journal entry(ies) for the repurchase.
On November 30,2014(D) What amount should be debited for premium on bonds payable when you are repurchasing the bonds to take the premium account off of the books?
In: Accounting
Glen Avon Inc. specializes in the production of telecommunication satellites. The company has a 6-month fiscal end on December 31 and June 30. In 2004 the company decides to expand their operations and finances it by issuing 4,000 bonds at a 14% coupon rate (annual). The bonds pay interest on October 31 and April 30, and are due on April 30, 2019. a. (3 points) Assuming the bonds are issued on April 30, 2004 at 104, record the journal entry(ies) for the issue. b. (5 points) Record the proper adjusting entry(ies) for the 6-month fiscal end on June 30, 2004. c. (4 points) Record the interest payment on October 31, 2014. d. (8 points) On November 30, 2014, the company purchases 90 percent of the bonds back at 110 plus accrued interest. Record the proper journal entry(ies) for the repurchase. On November 30,2014(D) What amount should be debited for premium on bonds payable when you are repurchasing the bonds to take the premium account off of the books? This date is 10 + years after the bonds were issued.
In: Accounting
1.
A random sample of ten households in College Park revealed they generated a mean of 10.91 pounds of garbage per week with a standard deviation of 4.736 pounds. Construct the 80% confidence interval to estimate the mean amount of garbage all College Park households generate per week
8.1646 pounds to 13.6554 pounds
7.5220 pounds to 14.2980 pounds
8.8387 pounds to 12.9813 pounds
6.0429 pounds to 15.7771 pounds
2.
Suppose National Collegiate Athletic Association [NCAA] rules state all student-athletes are to receive an average of 50 hours of academic support, per term. A random sample of 49 University of Maryland student-athletes revealed a mean of 47.5 hours of academic support per term. If the calculated value for the associated test statistic equaled -1.75, what was the standard deviation of the number of hours of academic support the student-athletes in the sample received per term?
12
15
7
10
In: Statistics and Probability
Please provide comments on your perception of the objectives associated with each goal. Focus on the applicability and practicality of each objective and the extent to which you believe each will lead to delivering the associated goal.
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Goal |
Objectives |
Comments |
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Goal 1: Academic Excellence: Provide quality, current and relevant, academic programs. |
1.1 Ensure that academic programs are up to date, relevant, and aligned with professional and discipline standards. 1.2 Maintain or develop academic programs that respond to regional, state, national, and international trends, employment needs and student interests 1.3 Ensure College of Business programs incorporate global awareness and cross-cultural competence as appropriate. |
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Goal 2: Student Success: Provide equitable pathways to graduation which leads to academic, personal, and career success |
2.1. Provide support to students to deal with challenges navigating the college experience 2.2. Develop and promote opportunities for engagement for all COB students |
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Goal 3: High Quality Faculty and Staff: Create a learning environment where highly qualified and diversified faculty and staff are hired and retained. |
3.1 Maintain processes to hire faculty with qualifications that meet program needs and accreditation requirements 3.2 Retain high quality faculty through active engagement, professional development and recognition for exceptional work 3.3 Support the College’s commitment to scholarship and faculty research activities 3.4 Hire and retain high quality staff that meet program needs and reward exceptional work |
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Goal 4: Enrollment Management: Implement a strategic enrollment plan consistent with university mission |
4.1 Increase the number of the academic year graduate program applications by 5-10% over a 5-year period 4.2 Increase fall enrollments by 10% over a 5-year period including new and returning graduate students 4.3 Achieve 70-75% undergraduate retention and 75-80% graduate retention (retained in the college) |
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Goal 5: Invest in Excellence: Enhance and diversify revenue streams, serve as a destination for social, cultural, and continuing education, and be an economic catalyst for the region |
5.1. Establish the COB as a Thought Leader on relevant issues affecting businesses in the region 5.2. Enhance COB’s identity as a center for excellence in academic knowledge, research and collaboration and cultural enhancement 5.3. Deepen relationships with businesses and the community in support of students and academic programs 5.4. Increase revenue from grants and advancement activities (grants, donations, strategic partnerships), training, and consulting by 1% over five years |
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Goal 6: Social, Ethical, and Environmental Responsibility: Institutional actions and decisions demonstrate a commitment to social, ethical, and environmental responsibility |
6.1. Support student diversity through partnerships across the university 6.2 Connect with organizations to incorporate environmentally sustainable initiatives in communities and the College of Business 6.3. Engage with academic and professional organizations on issues that address social, ethical, or environmental matters |
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Goal 7: Strong Cyber Presence: Support the people, tools, and environment that are needed to succeed in today’s digital world |
7.1. Develop expertise in the development and delivery of online education 7.2. Promote online presence on different social and professional platforms 7.3. Utilize an information storing and sharing system for college strategic management and committee work |
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Goal 8: Continuous Improvement: Institutional processes for continuous improvement are guided by evidence-based decision-making to achieve the mission of the university |
8.1 Strengthen governance processes, organizational structures and strategic plan monitoring |
In: Economics
In: Finance
In: Accounting
Loughran & Ritter (2002) argue that prospect theory provides an explanation for underpricing. What is prospect theory and how does it advance our knowledge of the IPO market?
In: Finance
Loughran & Ritter (2002) argue that prospect theory provides an explanation for underpricing. What is prospect theory and how does it advance our knowledge of the IPO market?
In: Finance
Choose one of the 11 titles in the Sarbanes-Oxley Act of 2002 and describe it. Do you believe this section is an effective deterrent to an accounting scandal? Why or why not?
In: Accounting
Why Intermediate term is important as part of Australian contract law? What is the diffrence between Intermediate term and other two types(Condition and Warranty)? Please list the key Australian and UK law case of this.
In: Accounting