Questions
Each question must be accompanied by a graph, labeled properly. Each answer (up, down, no change)...

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:

  1. a) Real Interest rate

  2. b) Desired Saving

  3. c) Desired Investment

  4. d) NX

  5. 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...

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...

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...

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...

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...

(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...

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.

  1. Other than changes to the planning stage, how is the development of an event-driven program different from that of a procedural program?
  2. How would a programmer create a plan for an animation?

In: Computer Science

Answer the following question as if it were being asked during an interview for a job....

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...

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...

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