Questions
At December 31, 2020, RB Company has outstanding three long-term debt issues. The first is a...

At December 31, 2020, RB Company has outstanding three long-term debt issues. The first is a $2,120,000 note payable which matures June 30, 2023. The second is a $6,840,000 bond issue which matures September 30, 2024. The third is a $12,580,000 sinking fund debenture with annual sinking fund payments of $2,516,000 in each of the years 2022 through 2026.

Prepare the required note disclosure for the long-term debt at December 31, 2020.

Long-term Debt

2021

$enter a dollar amount

2022

$enter a dollar amount

2023

$enter a dollar amount

2024

$enter a dollar amount

2025

$enter a dollar amount

In: Accounting

I need to write 200 words about Consumption and Investment During COVID-19 First, use the chapter...

I need to write 200 words about Consumption and Investment During COVID-19

First, use the chapter Basic Macroeconomic relations.

Second use the two resources 1.U.S. consumer spending appears to slow in August: This CNBC article notes that “core” retail sales (which include all the things bought by consumers except highly volatile automobiles and gasoline) declined .1% in August compared to July It suggests reasons why the economy may be losing steam after huge increases in consumer spending in May and June.

2.Capital Spending Plays Catch-Up For Now: The Wall Street Journal article reports that business investment (or “demand for non-defense capital goods except aircraft”) rose .4% in August and now above the level it reached in January, before the COVID crisis. Despite the pandemic, the article cites reasons why companies are stepping up capital spending plans.

Third Economists differ on the meaning of theses recent figures. Is the economy on its way back up after hibernating since February or is this the beginning of another economic slowdown? For this paper assignment, I would like your opinion on this question. Review the above articles (contained in the “Chapter 10 Reading . with respect to the following:

  1. How do you feel the U.S. economy is doing? Do you feel it is cooling off after a slight rebound or will it continue to get stronger? What examples can you share to support your thinking? As part of your argument, cite at least one outside article, news report, etc. and incorporate it into your paper. Format your reference similar to the format described in the Discussion Board rubric.
  2. Find the actual government data used for the above articles on consumption and investment. Hyperlink and write out the sources of the data in your paper.
  3. Have you (or someone you know) significantly changed your spending habits during the pandemic? What specifically changed? Give examples, be it higher or lower, and include any marginal analysis you (or someone you know) may have used on deciding to make these changes.

I need all the above instructions in 200 words, and please do not write with hand writing.

In: Economics

Real GDP (Y) can be decomposed into the sum of spending by consumers (C), firms (I),...

Real GDP (Y) can be decomposed into the sum of spending by consumers (C), firms (I), the government (G), and net exports (X-M). Y = C + I + G + NX. A common approach taken in exploring real GDP developments is to explore how each of these four spending components identified will develop in the near future. For example, if consumer confidence (an example of a forward-looking indicator) is increasing, this is usually taken as a signal that C will be increasing at a 'healthy' growth rate in the near future. If consumer confidence is decreasing, then C is expected to be flat. Since the spending components feed into real GDP (go back to the circular flow diagram), the development of C gives some indication about near-future developments in real GDP or economic growth. Thus, one can explore expected changes in C, I, G, and NX to get a handle on the expected real GDP growth for the next quarter or year. Your assignment is to develop a report that describes expectations for US RGDP in the short term (6 months to 1 year) and medium-term (2 to 3 years). This type of macroeconomic outlook report is important and of interest to every type of business enterprise as it is the basic indicator of future output and input market conditions. Your report should be addressed to someone who has only a basic understanding of economics; thus, you should as part of your report, explain the definition of each of the spending components (any other technical terms you use). You may use charts and graphs as appropriate. The finished report should be 3 to 5 pages and include an Executive Summary of no more than 200 words.

In: Economics

PLEASE DO NOT USE OTHER ALREADY GIVEN ANSWERS TO ANSWER THIS BY COPY PASTING. Suppose you...

PLEASE DO NOT USE OTHER ALREADY GIVEN ANSWERS TO ANSWER THIS BY COPY PASTING.

Suppose you are the economic advisor of a fictitious president who lives in a world with only one time period. Consumers and firms in this economy are similar to the consumers and firms studied. Assume that the substitution effect is stronger than the income effect. The government can only collect revenue through lump-sum taxes. Suppose you are in a meeting and the president tells you the following “I am worried about my re-election prospects; I will increase public spending to construct roadways. What do you think?” At first, you believe that this public spending is unproductive, then you quickly pick up pencil and paper to

a) Show the president that an increase in unproductive government spending makes consumers worse off.
FOR A PLEASE FOLLOW RULES:::
Draw the appropriate graph to show the effect Label the axes, name the curves, and identify the optimal consumption bundle. Show how the increase in unproductive government spending change the graph and explain with words why this change happens. Identify the new optimal consumption bundle and explain with words why the consumers are worse off.

After your brilliant explanation, the president says: “Why are you assuming this spending is unproductive? We will construct roadways, which increase the stock of capital firms use to produce.”

b) Show the president that an increase in productive government spending that increases the stock of capital has ambiguous effects on the welfare of consumers
FOR B: Draw the appropriate graph to show the effect twice.  Label the axes, name the curves, and identify the optimal consumption bundle. Show how the increase in productive government spending changes the graph. First, draw the case in which consumers are worse off after the change. Explain with words why. In the second graph, draw the case in which consumers are better off (). Explain with words why ).




Finally, the president says: “Why do you keep talking about welfare? Welfare does not make the headlines. We need increases in GDP.” After this lesson on politics you c) Show that, in either case, the output increases because of increases in public spending.

FOR C:

Question 2 - c): (5 points)

Rubric: In the graphs produced in Question 2a and Question 2b, identify the total output (Explain with words why output increases because of increases in public spending

In: Economics

The table shows data on asthma-related visits. Is there evidence that these visits vary by quarter?...

The table shows data on asthma-related visits. Is there evidence that these visits vary by quarter? Can you detect a trend? A powerful test would be to run a multiple regression in Excel. If the function is already loaded, you will find it in Data> Data Analysis> regression. If not get help in adding the Analysis Tool Pak. To test for quarterly differences, create a variable called Q1 that equals 1 if the data are for the first quarter and 0 otherwise, a variable called Q2 that equals 1 if the date are for the second quarter and 0 otherwise and a variable called Q4 that equals 1 if the date are for the forth quarter and 0 other wise. ( Because you will accept the default, which is to have a constant term in your regression equation, do not include an indicator variable for quarter 3). Also create a variable called Trend that increases by 1 each quarter.

Year

Q1

Q2

Q3

Q4

2001

1,513

1,060

2002

1,431

1,123

994

679

2003

1,485

886

1,256

975

2004

1,256

1,156

1,163

1,062

2005

1,200

1,072

1,563

531

2006

1,022

1,169

In: Accounting

Monetary and Fiscal Policy: Explain with the aid of diagrams, how an increase in Government spending...

Monetary and Fiscal Policy:

Explain with the aid of diagrams, how an increase in Government spending in a small open economy affects the Aggregate Demand curve:

a. Assuming a flexible exchange rate

b. Assuming a fixed exchange rate.

NO HANDWRITINGS PLEASE. I CAN'T READ MOST OF THE HANDWRITINGS, UNFORTUNATELY. THANKS IN ADVANCE FOR TYPING ANSWERS

In: Economics

Soprano Co. is in the process of preparing the second quarter budget for 2016, and the...

Soprano Co. is in the process of preparing the second quarter budget for 2016, and the following data have been assembled:

The company sells a single product at a selling price of $43 per unit. The estimated sales volume for the next six months is as follows:

March 6,100 units June 8,000 units
April 7,000 units July 9,300 units
May 10,400 units August 6,400 units

All sales are on account. The company's collection experience has been that 43% of a month's sales are collected in the month of sale, 51% are collected in the month following the sale, and 6% are uncollectible. It is expected that the net realizable value of accounts receivable (i.e., accounts receivable less allowance for uncollectible accounts) will be $133,773 on March 31, 2016.

Management's policy is to maintain ending finished goods inventory each month at a level equal to 51% of the next month's budgeted sales. The finished goods inventory on March 31, 2016, is expected to be 3,570 units.

To make one unit of finished product, 4 pounds of materials are required. Management's policy is to have enough materials on hand at the end of each month to equal 45% of the next month's estimated usage. The raw materials inventory is expected to be 15,721 pounds on March 31, 2016.

The cost per pound of raw material is $6.00, and 73% of all purchases are paid for in the month of purchase; the remainder is paid in the following month. The accounts payable balance for raw material purchases is expected to be $48,845 on March 31, 2016.

Required:
a.
Prepare a sales budget in units and dollars, by month and in total, for the second quarter (April, May, and June) of 2016.

  

   

b. Prepare a schedule of cash collections from sales, by month and in total, for the second quarter of 2016.

   

  

c. Prepare a production budget in units, by month and in total, for the second quarter of 2016.

d. Prepare a materials purchases budget in pounds, by month and in total, for the second quarter of 2016. (Do not round intermediate calculations.)

   

e. Prepare a schedule of cash payments for materials, by month and in total, for the second quarter of 2016. (Do not round intermediate calculations.)

In: Accounting

Question 1: (24 marks) Tonka toys manufactures a toy truck called “Big Red” that they distribute...

Question 1:

Tonka toys manufactures a toy truck called “Big Red” that they distribute to retailers. The company is now planning for the third quarter of 2020. In order to keep production and shipments moving smoothly, the company has the following inventory requirements:

  1. The finished goods inventory on hand at the end of each month must be equal to 5,000 units plus 30 percent of the next month’s sales. The finished goods inventory on June 30 is budgeted to be 17,000 units.

  1. Big Red, requires three kilograms of plastic to make. The raw material inventory on hand at the end of each month must be equal to one half of the following month’s production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 64,500 kilograms. One kilogram of plastic can be purchased for $0.15.

  1. The company maintains no work in process inventory.

  1. The Big Red Truck sells for $35.00 per unit. Forecasted unit sales for Big Red for the last nine months of 2020 is given below:

Budgeted Sales (units)

April                                        30,000

May                                         35,000

June                                         39,000

July                                          40,000

August                                    50,000

September                               70,000

October                                   35,000

November                               20,000

December                                10,000

  1. Fifteen percent of Big Red Truck sales are on a cash basis whereas the remaining eighty-five percent are on credit. History has shown the following collection pattern for credit sales:

30% are collected in the month of sale

40 % are collected in the month following the sale

20 % are collected two months after the sale

5% are collected three months after the sale

The remaining 5% are bad debts.

Required:

  1. Prepare a production budget for Big Red for the third quarter of the year. Make sure you show each month separately as well as a total column for the third quarter.

  1. Prepare a raw material purchase budget for the third quarter of the year. Make sure you show each month separately as well as a total column for the third quarter.

  1. Prepare a schedule showing the cash collections resulting from credit sales. Make sure you show each month separately as well as a total column for the third quarter.

In: Accounting

Big toys manufacture a toy truck called “Big Red” that they distribute to retailers. The company...

Big toys manufacture a toy truck called “Big Red” that they distribute to retailers. The company is now planning for the third quarter of 2020. In order to keep production and shipments moving smoothly, the company has the following inventory requirements:

  1. The finished goods inventory on hand at the end of each month must be equal to 5,000 units plus 30 percent of the next month’s sales. The finished goods inventory on June 30 is budgeted to be 17,000 units.
  2. Big Red, requires three kilograms of plastic to make. The raw material inventory on hand at the end of each month must be equal to one half of the following month’s production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 64,500 kilograms. One kilogram of plastic can be purchased for $0.15.

  1. The company maintains no work in process inventory.

  1. The Big Red Truck sells for $35.00 per unit. Forecasted unit sales for Big Red for the last nine months of 2020 is given below:

Budgeted Sales (units)

April                                        30,000

May                                         35,000

June                                         39,000

July                                          40,000

August                                                50,000

September                               70,000

October                                   35,000

November                               20,000

December                                10,000

  1. Fifteen percent of Big Red Truck sales are on a cash basis whereas the remaining eighty-five percent are on credit. History has shown the following collection pattern for credit sales:

30% are collected in the month of sale

40 % are collected in the month following the sale

20 % are collected two months after the sale

5% are collected three months after the sale

The remaining 5% are bad debts.

Required:

  1. Prepare a production budget for Big Red for the third quarter of the year. Make sure you show each month separately as well as a total column for the third quarter.

  1. Prepare a raw material purchase budget for the third quarter of the year. Make sure you show each month separately as well as a total column for the third quarter.

  1. Prepare a schedule showing the cash collections resulting from credit sales. Make sure you show each month separately as well as a total column for the third quarter.

In: Accounting

Tonka toys manufactures a toy truck called “Big Red” that they distribute to retailers. The company...

Tonka toys manufactures a toy truck called “Big Red” that they distribute to retailers. The company is now planning for the third quarter of 2020. In order to keep production and shipments moving smoothly, the company has the following inventory requirements:

  1. The finished goods inventory on hand at the end of each month must be equal to 5,000 units plus 30 percent of the next month’s sales. The finished goods inventory on June 30 is budgeted to be 17,000 units.

  1. Big Red, requires three kilograms of plastic to make. The raw material inventory on hand at the end of each month must be equal to one half of the following month’s production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 64,500 kilograms. One kilogram of plastic can be purchased for $0.15.

  1. The company maintains no work in process inventory.

  1. The Big Red Truck sells for $35.00 per unit. Forecasted unit sales for Big Red for the last nine months of 2020 is given below:

Budgeted Sales (units)

April                                        30,000

May                                         35,000

June                                         39,000

July                                          40,000

August                                    50,000

September                               70,000

October                                   35,000

November                               20,000

December                                10,000

  1. Fifteen percent of Big Red Truck sales are on a cash basis whereas the remaining eighty-five percent are on credit. History has shown the following collection pattern for credit sales:

30% are collected in the month of sale

40 % are collected in the month following the sale

20 % are collected two months after the sale

5% are collected three months after the sale

The remaining 5% are bad debts.

Required:

  1. Prepare a production budget for Big Red for the third quarter of the year. Make sure you show each month separately as well as a total column for the third quarter.

  1. Prepare a raw material purchase budget for the third quarter of the year. Make sure you show each month separately as well as a total column for the third quarter.

  1. Prepare a schedule showing the cash collections resulting from credit sales. Make sure you show each month separately as well as a total column for the third quarter.

In: Accounting