Questions
Abbey INC. Balance Sheet Assets Dec. 31, 2010 Jan. 1, 2010 Inc./Dec. Equipment $39,000 $22,000 $17,000...

Abbey INC.

Balance Sheet

Assets

Dec. 31, 2010

Jan. 1, 2010

Inc./Dec.

Equipment

$39,000

$22,000

$17,000 Inc.

Less: Accumulated depreciation

-17,000

$      (11,000)

6,000 Inc.

Accounts receivable

91000

88,000

3,000 Inc.

Cash

45,000

13,000

32,000 Inc.

Total

$158,000

$112,000

Equity and Liabilities

Share capital—ordinary

100000

$80,000

20,000 Inc.

Retained earnings

38,000

17,000

21 ,OOO Inc.

Accounts payable

20,000

15,000

5,000 Inc.

Total

$158,000

$112,000

Net Income of $34000 was reported and Dividend of $13000 were paid in 2010. New Equipment was purchased and none was sold.

Requirement:

Prepare Statement of Cash Flow for the year 2010.

In: Accounting

XYZ stock price and dividend history are as follows:   Year Beginning-of-Year Price Dividend Paid at Year-End...

XYZ stock price and dividend history are as follows:
  Year Beginning-of-Year Price Dividend Paid at Year-End
  2010 $ 124                 $ 4                    
  2011 $ 135                 $ 4                    
  2012 $ 115                 $ 4                    
  2013 $ 120                 $ 4                    

An investor buys six shares of XYZ at the beginning of 2010, buys another two shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all seven remaining shares at the beginning of 2013.

To compute dollar-weighted return, prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2010, to January 1, 2013. (Enter your answer as an integer. Negative amounts should be indicated by a minus sign.)

Date      Cash Flow (for the investor)
1/1/2010 ?

In: Finance

In “Sonny’s Blues,” what does the narrator mean when he states, “Freedom lurked around us and...

In “Sonny’s Blues,” what does the narrator mean when he states, “Freedom lurked around us and I understood, at last, that [Sonny] could help us to be free if we would listen, that he would never be free until we did”? How does this quote tie into the collective past suffering of African Americans? How does this quote help us understand the story’s meaning? Explain.

In: Psychology

Introversion and Extraversion characteristics and their effects on Marital bliss? (title) and The variables introversion and...

Introversion and Extraversion characteristics and their effects on Marital bliss? (title) and

The variables introversion and extraversion are known to have varying effects on individuals

lives and collective lives and on the levels of happiness. The aim is to measure the synergistic

affect between the two and the happiness index as a result, being my hypothesis.What is the null hypothesis? What would be the

best amount of participants i should for this study? Why? What would be

best inclusion characteristics?

In: Psychology

1. There are a considerable number of laws centered around labor relations and collective bargaining. Why...

1. There are a considerable number of laws centered around labor relations and collective bargaining. Why do you think this area seems to have so many different laws compared to wages (FLSA) or safety (OSHA), for example?

2. Hawai`i has a large number of unionized employees compared to many other states. Why do you think Hawai`i has so many unions?

In: Operations Management

In 2010, the Maricopa Community College District's enrollment data showed the following breakdown of students by...

In 2010, the Maricopa Community College District's enrollment data showed the following breakdown of students by ethnicity: 54.9% White; 21.1% Hispanic; 7.9% Black; 4.5% Asian/Pacific Islander; 2.9% Native American; 8.8% Other. Information was collected from a random sample 0f 300 students in 2017 to determine whether or not the data has changed significantly. The sample data is given in the table below. At the α=0.10α=0.10 level of significance, test the claim that the ethnic breakdown of students at MCCCD has not changed significantly since 2010.

Which would be correct hypotheses for this test?

  • H0:μ1=μ2H0:μ1=μ2; H1:μ1≠μ2H1:μ1≠μ2
  • H0:H0:The breakdown of students by ethnicity has not changed significantly since 2010 (i.e. the given distribution still fits); H1:H1:The breakdown of students by ethnicity has changed significantly since 2010 (i.e. the given distribution no longer fits)
  • H0:p1=p2H0:p1=p2; H1:p1≠p2H1:p1≠p2
  • H0:H0:The breakdown of students by ethnicity has changed significantly since 2010 (i.e. the given distribution no longer fits); H1:H1:The breakdwon of students by ethnicity has not changed significantly since 2010 (i.e. the given distribution still fits)



Ethnicity of students in sample:

Ethnicity Count
White 141
Hispanic 76
Black 26
Asian/Pacific Islander 8
Native American 15
Other 34



Test Statistic:



Give the P-value:



Which is the correct result:

  • Reject the Null Hypothesis
  • Do not Reject the Null Hypothesis



Which would be the appropriate conclusion?

  • There is enough evidence to suggest that the breakdown of students by ethnicity has changed significantly since 2010.
  • There is not enough evidence to suggest that the breakdown of students by ethnicity has changed significantly since 2010.

In: Statistics and Probability

In 2010, Dr. Bob decided to gather research on the type of disorders that present among...

In 2010, Dr. Bob decided to gather research on the type of disorders that present among his patients. His data collection resulted in the following breakdown of patients by disorder: 54.9% Schizophrenia; 21.1% Major Depression; 7.9% Obsessive-Compulsive Disorder; 4.5% Anxiety Disorder; 2.9% Personality Disorder; 8.8% Other. Information was collected from a random sample 0f 300 patients in 2018 to determine whether or not the data has changed significantly. The sample data is given in the table below. At the α=0.05 level of significance, test the claim that the disorder breakdown of patients at Dr. Bob's hospital has not changed significantly since 2010.

Which would be correct hypotheses for this test?

  • H0:The breakdown of patients by disorder has not changed significantly since 2010 (i.e. the given distribution still fits);  H1:The breakdown of patients by disorder has changed significantly since 2010 (i.e. the given distribution no longer fits)
  • H0:p1=p2 ; H1:p1≠p2
  • H0:The breakdown of patients by disorder has changed significantly since 2010 (i.e. the given distribution no longer fits);  H1:The breakdwon of patients by disorder has not changed significantly since 2010 (i.e. the given distribution still fits)
  • H0:μ1=μ2;  H1:μ1≠μ2



Type of disorder per patient in sample:

Disorder Count
Schizophrenia 145
Major Dispression 73
Obsessive-Compulsive Disorder 30
Anxiety Disorder 12
Personality Disorder 14
Other 26



Test Statistic:



Give the P-value:



Which is the correct result:

  • Reject the Null Hypothesis
  • Do not Reject the Null Hypothesis



Which would be the appropriate conclusion?

  • There is not enough evidence to suggest that the breakdown of patients by disorder has changed significantly since 2010.
  • There is enough evidence to suggest that the breakdown of patients by disorder has changed significantly since 2010.

In: Math

The pretax financial income of Truttman Company differs from its taxable income throughout each of 4...

The pretax financial income of Truttman Company differs from its taxable income throughout each of 4 years as follows.

Year

Pretax
Financial Income

Taxable Income

Tax Rate

2020 $290,000 $180,000 35 %
2021 320,000 225,000 20 %
2022 350,000 260,000 20 %
2023 420,000 560,000 20 %


Pretax financial income for each year includes a nondeductible expense of $30,000 (never deductible for tax purposes). The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference. No deferred income taxes existed at the beginning of 2020.

Prepare journal entries to record income taxes in all 4 years. Assume that the change in the tax rate to 20% was not enacted until the beginning of 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

2020

2021

(To record the adjustment for the decrease in the enacted tax rate.)
(To record income taxes for 2021.)

2022

2023

eTextbook and Media

List of Accounts

  

  

Prepare the income statement for 2021, beginning with income before income taxes. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Truttman Company
Income Statement (Partial)

                                                                      December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021

                                                                      AdjustmentCurrentDeferredDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues

$

                                                                      AdjustmentCurrentDeferredDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues

                                                                      AdjustmentCurrentDeferredDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues

$

                                                                      AdjustmentCurrentDeferredDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues

                                                                      AdjustmentCurrentDeferredDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues

                                                                      AdjustmentCurrentDeferredDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues

$

In: Accounting

Question 1 In our lectures, we have discussed different insights of understanding the distinction between fintech...

Question 1 In our lectures, we have discussed different insights of understanding the distinction between fintech and financial innovation. Briefly discuss the difference between fintech and financial innovation using your own words. (Max. 250 words) You are required to use an academic referencing convention. The word count does not include citations.

Question 2 Name the different banks and NBFCs in the Saudi market. List four different innovations that are incorporated in some of these institutes that have disrupted previous services.

Question 3 is an opportunity to explore and refine an idea or area that is of interest to you. Address the following points in your answer: • What is the innovation, technology, or sector you believe is most interesting in financial services? • What are the reasons why you think the context of your choice has the potential to be disrupted by your idea? • What are the potential implications of this new idea within your context? • Justify your response with your own opinion as well as research.

In: Finance

Acme is a monopolist who faces inverse market demand function P (Q, y) = 100 -...

Acme is a monopolist who faces inverse market demand function P (Q, y) = 100 - 2Q + y, where y is the quality level of Acme’s product. Acme has cost function function C(Q) = 20Q.

Suppose quality is costly. Specifically, assume that Acme must pay innovation cost I(y)= (1/4)(y^2). Thus, Acme’s total profits are x(Q,y)=P(Q,y)Q - C(Q) - I(y). Assuming Acme is allowed to act like a monopolist, we will work out Acme’s optimal quality choice, y*.

1. Suppose, for any given quality level γ, Acme is forced to deliver an output level that maximizes aggregate surplus for the given quality level γ.

(a) What is Acme’s optimal innovation choice, γ ∗, in this case?

(b) Determine aggregate surplus for this case.

2. Is it preferable for a social planner to grant Acme a patent for its innovation and thereby allow it to act like a monopolist?

In: Economics