On December 31, 2020, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 down and agreeing to accept the balance in four equal installments of $20,000 receivable each December 31. An assumed interest rate of 11% is imputed.

1. Instructions: Complete the note amortization table.

2. Instructions: Journalize the transactions for the note origination, interest recognition, and the note collection at maturity.

The following three entities make up an economic group as follows:

Apple Ltd purchased 60% of the shares totalling $65,000 in Banana Ltd and Banana Ltd wholly owns Cherry Ltd which was purchased for $52,000. Both investments were acquired on 1 July 2018. On this date, shareholders’ equity was valued at:

The financial statements of the entities within the group at 30 June 2020 are as follows:

Apple Ltd:

Banana Ltd:

Cherry Ltd:

The tax rate is 30%. All non-controlling interest are valued at the proportionate share of the acquiree’s identifiable net assets. Inventory on hand at 30 June 2020 included goods obtained from within the group as follows:

-Apple Ltd purchased from Banana Ltd, sale price was $10,000 and cost $7,500.

-Apple Ltd purchased from Cherry Ltd, sale price was $20,000 and cost $18,500.

-Banana Ltd purchased from Cherry Ltd, sale price was $15,000 and cost $13,800.

The directors had applied the impairment test for goodwill annually and determined that a write-down of $3,090 is required for consolidation purposes at 30 June 2020 (write-down of goodwill in Banana Ltd is $440 and write-down of goodwill in Cherry Ltd is $2,650) with the same amounts deemed to be attributable for the prior period. All debentures (including the debenture from Cherry Ltd to Banana Ltd) is due 30 June 2030.

Required:

In the space provided - show goodwill calculation

3) give three characteristics of closed or private communicators at their "best" and three characteristics of closed or private communicators at their "worst".

(General guidance: in responding to the following four questions, do not simply provide pseudo-code. Rather explain the main insight in such a way that an experienced programmer could devise an implementation of the algorithm on the basis of your explanation. Indeed, pseudo-code may not be necessary at all.)

Give an O(n) algorithm that determines (1) the number of subsequences of an input vector that sum to an even number and (2) ) the number of subsequences of an input vector that sum to an odd number.

1. In 2010, the economy of the Utopia exported goods worth $232 billion and services worth another $87 billion. It imported goods worth $225 billion and services worth $56 billion. Receipts of income from abroad were $110 billion while income payments going abroad were $91 billion. Government transfers from the Utopia to the rest of the world were $23 billion, while various Utopia government agencies received payments of $16 billion from the rest of the world.

1. Calculate Utopia’s merchandise trade balance for 2010.
2. Calculate the current account balance for 2010.
3. Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for Utopia in 2010.

A

2010

poll asked people in the United States whether they were satisfied with their financial situation. A total of

338

out of

833

people said they were satisfied. The same question was asked in

2012

, and

304

out of

1156

people said they were satisfied.

Part: 0 / 2

0 of 2 Parts Complete

Part 1 of 2

(a) Construct a

99.8%

confidence interval for the difference between the proportions of adults who said they were satisfied in

2012

and

2010

. Let

p1

denote the proportion of adults who said they were satisfied in

2010

.Use tables to find the critical value and round the answer to at least three decimal places.

A business, which started trading on 1 January 2010, adjusted its allowance for doubtful debts at the end of year on a percentage basis, but each year the percentage rate is adjusted in accordance with the current economic climate. The following details are available for the three years ended 31 December 2010, 2011 and 2012.

You are required to show

1. A bad debts accounts for each of the three years
2. Allowance for doubtful debts accounts for each of the three years
3. Statement of financial position extract as at 31 December 2010, 2011 and 2012.

In a closed economy, given the following:

The consumption function C = 0.8(1 – 0.25) Y + 12          

The average tax rate t = 25%

The level of private investment I = 26

The level of government spending G = 14

Where Y is the national income.

• Calculate the equilibrium level of income and output in the economy.
• Calculate the expenditure multiplier and show the effect of

1. an increase in government spending and
2. an increase in private investment.

Given the short run production function, Q = 3L2 – 0.1L3

( a) Write down the equations for,

(i) the marginal product of labor, MPL

(ii) the average product of labor, APL.

(b) Find the value of Q for which the MPL and APL are maximized.

(c) Show that the MPL= APL when the APL is at a maximum