Each question must be accompanied by a graph, labeled properly. Each answer (up, down, no change) should be accompanied by a one line explanation.
For a small open economy where the world interest rate is above the rate that would prevail if it were closed (equilibrium) predict the effect of an increase in G on the following variables:
a) Real Interest rate
b) Desired Saving
c) Desired Investment
d) NX
e) Does the country start out with a trade deficit or surplus? (before any shift)
In: Economics
Record the following transactions for Redeker Group in the general journal.
| 2020 | ||
| May 1 | Received a €9,000, 12‐month, 10% note in exchange for Mark Chamber's outstanding accounts receivable. | |
| Dec. 31 | Accrued interest on the Chamber note. | |
| Dec. 31 | Closed the interest revenue account. | |
| 2021 | ||
| May 1 | Received principal plus interest on the Chamber note. (No interest has been accrued in 2021.) | |
instructions
1. provide the 1 May 2021 journal entry
2. provide the journal entry under this “what if” scenario: What if the note was dishonoured on 1 May and that collection is not expected in the future? Assume the Allowance method is used by Redeker Group.
3. prepare journal entries for notes recievables
In: Accounting
Westby Corp., a high school uniform manufacturer, was authorized
to issue an unlimited number of common shares. During January 2020,
its first month of operations, the following selected transactions
occurred:
Jan. 1 1,000 shares
were issued to the organizers of the corporation. The total value
of the shares was determined to be $11,700.
5 15,000 shares were
sold to various shareholders for $13.20 each.
15 The board of
directors declared a cash dividend of $0.72 per common share to
shareholders of record on January 19, payable January 31.
20 4,000 shares were
issued in exchange for land valued at $46,800. The shares were
actively trading on this date at $11.20 per share.
31 Closed the Income
Summary account, which showed a credit balance of $162,000.
31 Paid the dividends
declared on January 15.
Required:
a. Journalize the above transactions. The Company does not use a
Cash Dividends Account.
Prepare the equity section of Westby’s balance sheet at January 31, 2020.
What was the average issue price per common share?
In: Accounting
Sheffield Corporation, a clothing retailer, had income from operations (before tax) of $427,500, and recorded the following before-tax gains/(losses) for the year ended December 31, 2020:
| Gain on disposal of equipment | 30,780 | ||
| Unrealized (loss)/gain on FV-NI investments | (61,560 | ) | |
| (Loss)/gain on disposal of building | (77,520 | ) | |
| Gain on disposal of FV-NI investments | 37,620 |
Sheffield also had the following account balances as at January 1,
2020:
| Retained earnings | $467,400 | |
| Accumulated other comprehensive income (this was due to a revaluation surplus on land) | 104,240 | |
| Accumulated other comprehensive income (this was due to gains on FV-OCI investments) | 62,700 |
As at January 1, 2020, Sheffield had one piece of land that had an
original cost of $142,000 that it accounted for using the
revaluation model. It was most recently revalued to fair value on
December 31, 2019, when its carrying amount was adjusted to fair
value of $246,240. In January 2020, the piece of land was sold for
proceeds of $246,240. In applying the revaluation model, Sheffield
maintains the balance in the Revaluation Surplus (OCI) account
until the asset is retired or disposed of.
In 2015, Sheffield purchased a portfolio of debt investments that
the company intended to hold for longer term and classified the
portfolio of investments as fair value through other comprehensive
income (FV-OCI) with gains/losses recycled through net income. The
investments in the portfolio are traded in an active market.
Sheffield records unrealized gains and losses on these investments
as OCI, and then books these gains and losses to net income when
they are impaired or sold. The portfolio’s carrying amount on
December 31, 2019, was $125,400. The entire portfolio was sold in
November 2020 for proceeds of $143,640.
Sheffield’s income tax expense for 2020 was $112,860. Sheffield
prepares financial statements in accordance with IFRS.
Calculate net income for the year ended December 31, 2020.
Calculate retained earnings as at December 31, 2020.
Calculate net income for the year ended December 31, 2020, if Sheffield prepares financial statements in accordance with ASPE. Sheffield’s income tax expense would not change.
Calculate retained earnings as at December 31, 2020, if Sheffield prepares financial statements in accordance with ASPE. Assume that under ASPE, Sheffield’s retained earnings at January 1, 2020, would be $530,100.
Will the sum of the Accumulated Other Comprehensive Income and
Retained Earnings under IFRS equal the balance of Retained Earnings
under ASPE at December 31, 2020? Prepare a continuity schedule of
the related accounts to demonstrate your answer.
The sum of the AOCI and Retained Earnings under IFRS equal the
balance of Retained Earnings under ASPE as follows:
In: Accounting
You are the controller of a company that has just switched to IFRS. For the area of PP&E you have asked the programmer for the PP&E system to include a routine that forces users to re-enter information each year. For which field would it be appropriate to include in this routine.
a. Residual value
b. Asset name
c. Cost
d. Date placed in service
In: Accounting
(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 algorithm that takes as input a string and returns the length of its longest palindromic subsequence.
In: Computer Science
In an event-driven program, you design the screens, define the objects, and define how the screens will connect. Within an event-driven program, a component from which an event is generated is the source of the event.
In: Computer Science
Answer the following question as if it were being asked during an interview for a job. What would your skills and personality contribute to a programming team?
Be sure to include details in your answer. What are your strengths? What are you passionate about? Why do you want a job as a programmer? Your response should be 1-2 well-formed paragraphs.
In: Computer Science
Display the shortest words in a sentence in JAVA
Write a method that displays all the shortest words in a given sentence. You are not allowed to use array
In the main method, ask the user to enter a sentence and call the method above to display all the shortest words in a given sentence.
You must design the algorithms for both the programmer-defined method and the main method.
In: Computer Science
Consider a portion of monthly return data (In %) on 20-year Treasury Bonds from 2006–2010.
| Index | Month | Year | Return |
| 1 | Jan | 2006 | 3.34 |
| 2 | Feb | 2006 | 3.13 |
| 3 | Mar | 2006 | 4.67 |
| 4 | Apr | 2006 | 3.51 |
| 5 | May | 2006 | 3.8 |
| 6 | Jun | 2006 | 5.42 |
| 7 | Jul | 2006 | 4.6 |
| 8 | Aug | 2006 | 4.69 |
| 9 | Sep | 2006 | 4.62 |
| 10 | Oct | 2006 | 4.28 |
| 11 | Nov | 2006 | 5.08 |
| 12 | Dec | 2006 | 3.34 |
| 13 | Jan | 2007 | 3.91 |
| 14 | Feb | 2007 | 5.02 |
| 15 | Mar | 2007 | 3.91 |
| 16 | Apr | 2007 | 4.03 |
| 17 | May | 2007 | 4.85 |
| 18 | Jun | 2007 | 5.39 |
| 19 | Jul | 2007 | 4.66 |
| 20 | Aug | 2007 | 4.96 |
| 21 | Sep | 2007 | 4.82 |
| 22 | Oct | 2007 | 3.61 |
| 23 | Nov | 2007 | 3.23 |
| 24 | Dec | 2007 | 3.13 |
| 25 | Jan | 2008 | 5.31 |
| 26 | Feb | 2008 | 4.81 |
| 27 | Mar | 2008 | 5.06 |
| 28 | Apr | 2008 | 5.21 |
| 29 | May | 2008 | 3.83 |
| 30 | Jun | 2008 | 4.98 |
| 31 | Jul | 2008 | 4.7 |
| 32 | Aug | 2008 | 4.22 |
| 33 | Sep | 2008 | 4.36 |
| 34 | Oct | 2008 | 5.3 |
| 35 | Nov | 2008 | 4.72 |
| 36 | Dec | 2008 | 4.24 |
| 37 | Jan | 2009 | 5 |
| 38 | Feb | 2009 | 4.03 |
| 39 | Mar | 2009 | 5 |
| 40 | Apr | 2009 | 5.38 |
| 41 | May | 2009 | 3.61 |
| 42 | Jun | 2009 | 4.91 |
| 43 | Jul | 2009 | 3.81 |
| 44 | Aug | 2009 | 3.1 |
| 45 | Sep | 2009 | 3.88 |
| 46 | Oct | 2009 | 4.47 |
| 47 | Nov | 2009 | 3.39 |
| 48 | Dec | 2009 | 5.3 |
| 49 | Jan | 2010 | 4.98 |
| 50 | Feb | 2010 | 3.61 |
| 51 | Mar | 2010 | 3.94 |
| 52 | Apr | 2010 | 4.49 |
| 53 | May | 2010 | 4.49 |
| 54 | Jun | 2010 | 3.54 |
| 55 | Jul | 2010 | 4.17 |
| 56 | Aug | 2010 | 5.03 |
| 57 | Sep | 2010 | 3.79 |
| 58 | Oct | 2010 | 4.47 |
| 59 | Nov | 2010 | 4.74 |
| 60 | Dec | 2010 | 3.92 |
Estimate a linear trend model with seasonal dummy variables to make forecasts for the first three months of 2011. (Round answers to 2 decimal places.)
In: Statistics and Probability