After all of your glorious battles against the common enemy, you finally decide to retire from hack & slash and live peacefully for the rest of your life. You decide to deposit some (1000 gold) of your hard-earned gold to a bank that earns you the most interest for a 20-year period. You have three options to choose from: Bank of Orgrimmar, Bank of Stormwind and Bank of Ironforge. Each of the banks have different payment plans to choose from as given below: Bank of Orgrimmar: Deposit 50 gold at the end of each quarter for the first 5 years. Then, for the next 15 years, the bank suggests a rate of 5% compounded quarterly. Bank of Stormwind: Deposit 1000 gold now (year 0), then for the next 20 years the bank suggests a rate of 3% compounded annually. Bank of Ironforge: Deposit 100 gold at the end of each year for the first 10 years. Then for the next 10 years, the bank suggests a rate of 8% with a continuous compounding. Which bank should you deposit your gold? Propose your own counteroffer to any bank you favor the most (you may offer to change the interest periods, payment periods or interest rates. Be realistic in your counteroffers!)

Discuss the various fiscal policy levers used by politicians and bureaucrats to guide the economy in the direction they deem most beneficial. Detail the effects of discretionary fiscal policies, the impact of crowding out, time lags, and automatic stabilizers. How do these policy actions change your behavior regarding spending and saving?

Discuss the various fiscal policy levers used by politicians and bureaucrats to guide the economy in the direction they deem most beneficial. Detail the effects of discretionary fiscal policies, the impact of crowding out, time lags, and automatic stabilizers. How do these policy actions change your behavior regarding spending and saving?

Using a hypothetical population of any country of your choice, describe how you will apply the cohort component approach in arriving at a projected population in 2025.

Listed below are yearly forecasts of “free cash flow” (operating cash flow plus investment-related cash flow) for Tomkat LLC.

Year Cash Flow

2020 -$2.8 million.

2021 -$2.0 million.

2022 -$1.2 million.

2023 -$0.2 million.

2024 $0.9 million.

2025 $2.2 million.

After year 2025, cash flows are anticipated to grow by 3% per year, in perpetuity. For simplicity, assume all that cash flows occur at the end of each year. Assume a discount rate of 8% per year.

What is the value of Tomkat LLC as of the end of 2019?

Heart of the City Electrical Supplies are merchandisers of household fixtures & fittings. The business began the last quarter of 2017 (October to December) with 25 Starburst Wall Clocks at a total cost of $153,000. The following transactions took place during the quarter. October 10 100 clocks were purchased on account at a cost of $6,225 each. In addition, Heart paid $120 cash on each clock to have the inventory shipped from the vendor’s warehouse to their warehouse October 31 During the month 90 clocks were sold at a price of $8,300 each. (20 of these clocks sold were on account to a long-standing customer of the business) November 1 A new batch of 60 clocks was purchased at a total cost of $406,500 November 10 5 of the clocks purchased on November 1 were returned to the supplier, as they were damaged November 30 The sales for November were 58 clocks which yielded total sales revenue of $428,000 December 2 Owing to increased demand, a further 110 clocks were purchased at a cost of $7,400 each and these were subject to a trade discount of 2% each. December 6 William Paul, a customer to whom 8 clocks were sold at the start of the first business day in November, returned 2 of the clocks, as they did not match his specifications. December 31 117 clocks were sold during December at a unit selling price of $9,220. December 31 An actual inventory count was carried out which revealed that there were 22 Starburst wall clocks in the store room. Unless otherwise stated, assume that all purchases are on account and all sales are for cash. Required: i) Prepare a perpetual inventory record for this merchandise, using the last in, first out (LIFO) method of inventory valuation, to determine the company’s cost of goods sold for the quarter and the value of ending inventory. ii) Given that selling & distribution and administrative costs for the quarter were $96,800 and $134,400 respectively, prepare an income statement for Heart of the City Electrical Supplies for the period ended December 31, 2017 iii) State the journal entries necessary to record the transactions on October 10 and October 31, assuming the company uses a: -Periodic inventory system -Perpetual inventory system

Orlando advertised for bids for the purchase of $3 million principal amount of Waste Water Revenue Bonds. Bonds will be delivered on April 1, 2021, and the interest will be paid on April 1st of the following years. The bonds mature as follows:
Maturity Date
Amount ($)
4/1/2025
100,000
4/1/2026
100,000
4/1/2027
100,000
4/1/2028
100,000
4/1/2029
200,000
4/1/2030
200,000
4/1/2031
250,000
4/1/2032
250,000
4/1/2033
250,000
4/1/2034
700,000
4/1/2035
750,000
The City received three competing bids for the Waste Water Revenue Bonds. The three offers are as follows:
From Rogue Securities:
• The City receives $3.5 million dollars
• The Interest Rates for the serial bonds with maturities:
o 2025 through 2030, 5.50 percent
o 2031 through 2035, 6.00 percent
From Johnson-Miller:
• The City Receives $3 million dollars
• The Interest Rates for the serial bonds with maturities:
o 2025 through 2027, 4.35 percent
o 2028 through 2032, 5.25 percent
o 2033 through 2035, 6.50 percent
From Shostak Corp:
• The City receives $2.9 million dollars
• The Interest rates for the serial bonds with maturities:
o 2025 to 2032, 5.75 percent
o 2033 to 2035, 6.25 percent
For each bid, compute the net interest cost (NIC) and the true interest cost (TIC). Which bid is more advantageous for the city?