Questions
on january 1 2020 Liu corporation paid $250007 to aquire bonds of Singh investment Corp. with...

on january 1 2020 Liu corporation paid $250007 to aquire bonds of Singh investment Corp. with a par value of $254000. The annual contract rate on the bonds is 8%. and interest is paid semiannually on June 30 and Dec. 31. The bonds mature after three years. The market rate of interest was 7.7 %. Liu Corporation intends to hold the bonds untill maturnity.
1. prepare an anortization schedule for the investment showing only 2020
2 prepare Liu's entries to record the purchase of the bonds
3. prepare the Liu's entries to prepare to record the reciept of the first two interest payments.
4. show how the investment will appear on dec. 31, 2020 balance sheet

In: Accounting

The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament...

The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament in November 2019.The Coronavirus Disease 2019 (COVID -19) pandemic that has hit the world has impacted on global economy including Ghana, thus affecting our macroeconomic targets in the budget statement presented in November 2019. The Minister of Finance presented a statement to Parliament on the economic impact of COVID – 19 pandemic on the economy of Ghana and the way forward at the end of March, 2020.
Discuss five (5) key impact of the COVID-19 on the achievement of our fiscal policy targets for the year 2020 by comparing the original budget statement to the one presented after COVID- 19.

In: Finance

Eagle Corporation operates under ideal conditions of certainty. It acquired its sole assets (a pen making...

Eagle Corporation operates under ideal conditions of certainty. It acquired its sole assets (a pen making machine) on January 1, 2020. The asset will yield $500 cash for 4 years at the end of the year; from 2020 to 2023, inclusive, after which it will have no salvage value or disposal costs. The interest rate in the economy is 4%. The purchase of the asset was financed by the issuance of common shares. Eagle Corporation will pay no dividend at the end of each year.

Required

Prepare a balance sheet AND income statement as at the end of December 31, 2020.
b. Under ideal conditions, what is the relationship between present value and market value? Explain why

In: Accounting

QUESTION 2 The government of Ghana through the Minister of Finance presented the 2020 Budget statement...

QUESTION 2
The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament in November 2019.The Coronavirus Disease 2019 (COVID -19) pandemic that has hit the world has impacted on global economy including Ghana, thus affecting our macroeconomic targets in the budget statement presented in November 2019. The Minister of Finance presented a statement to Parliament on the economic impact of COVID – 19 pandemic on the economy of Ghana and the way forward at the end of March, 2020.
Discuss five (5) key impact of the COVID-19 on the achievement of our fiscal policy targets for the year 2020 by comparing the original budget statement to the one presented after COVID- 19.   

In: Economics

The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament...

The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament in November 2019.The Coronavirus Disease 2019 (COVID -19) pandemic that has hit the world has impacted on global economy including Ghana, thus affecting our macroeconomic targets in the budget statement presented in November 2019. The Minister of Finance presented a statement to Parliament on the economic impact of COVID – 19 pandemic on the economy of Ghana and the way forward at the end of March, 2020.
Discuss five (5) key impact of the COVID-19 on the achievement of our fiscal policy targets for the year 2020 by comparing the original budget statement to the one presented after COVID- 19.

In: Economics

The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament...

The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament in November 2019.The Coronavirus Disease 2019 (COVID -19) pandemic that has hit the world has impacted on global economy including Ghana, thus affecting our macroeconomic targets in the budget statement presented in November 2019. The Minister of Finance presented a statement to Parliament on the economic impact of COVID – 19 pandemic on the economy of Ghana and the way forward at the end of March, 2020. Discuss five (5) key impact of the COVID-19 on the achievement of our fiscal policy targets for the year 2020 by comparing the original budget statement to the one presented after COVID- 19.

In: Economics

The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament...


The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament
in November 2019.The Coronavirus Disease 2019 (COVID -19) pandemic that has hit the world has impacted
on global economy including Ghana, thus affecting our macroeconomic targets in the budget statement
presented in November 2019. The Minister of Finance presented a statement to Parliament on the economic
impact of COVID – 19 pandemic on the economy of Ghana and the way forward at the end of March, 2020.
Discuss five (5) key impact of the COVID-19 on the achievement of our fiscal policy targets for the year 2020
by comparing the original budget statement to the one presented after COVID- 19.

In: Economics

On January 1, 2015, a machine was purchased for $109,800. The machine has an estimated salvage...

On January 1, 2015, a machine was purchased for $109,800. The machine has an estimated salvage value of $7,320 and an estimated useful life of 5 years. The machine can operate for 122,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 24,400 hrs; 2016, 30,500 hrs; 2017, 18,300 hrs; 2018, 36,600 hrs; and 2019, 12,200 hrs.

Part 1

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.

Compute the annual depreciation charges over the machine’s life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g. 45,892.)

(1) Straight-line Method

$

(2) Activity Method
Year
2015

$

2016

$

2017

$

2018

$

2019

$

(3) Sum-of-the-Years'-Digits Method
Year
2015

$

2016

$

2017

$

2018

$

2019

$

(4) Double-Declining-Balance Method
Year
2015

$

2016

$

2017

$

2018

$

2019

$

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Attempts: 12 of 15 used

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Part 2

Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset’s life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.)

Year

Straight-line Method

Sum-of-the-years'-digits method

Double-declining-balance method

2015

$

$

$

2016
2017
2018
2019
2020

eTextbook and Media

In: Accounting

Hey can you please answer this question in detail and explanation in your own word i...

Hey can you please answer this question in detail and explanation in your own word i need to post in discussion board

  1. You are working as a system analyst for a consulting firm contracted by a college to create a management system for its students. During the process you create a state transition diagram for an object called Students. What are the possible states of a student? And what happens to a student who stops attending the college for a time and then decides to return a some point in the future to continue his or her studies?
  2. Do you believe it is harder for experience analysts to learn UML and other object-oriented techniques, since they are accustomed to thinking about data and processes as separate OR do you believe analytical knowledge and experience are transferable and useful in the newer, object-oriented approach? What are the reasons for your conclusion?
  3. The text talks about system analysts and coders creating objects and code modules. Why do analysts and programmer utilize objects and code modules? What are the benefits and costs of this approach? Is the benefits worth the cost?

Be sure to give thought to each assigned question before posting.

In: Computer Science

Murray Compensation, Inc. (Murray), an SEC registrant that provides payroll processing and benefit administration services to...

Murray Compensation, Inc. (Murray), an SEC registrant that provides payroll processing and benefit administration services to other companies, granted 100,000 “at-the-money” employee share options on January 1, 2010 . The awards have a grant-date fair value of $6, vest at the end of the third year of service (cliff-vesting), and have an exercise price of $21. Subsequent to the awards being granted, the stock price has fallen significantly. On January 1, 2012 , Murray decreased the exercise price on the stock options to $12. This downward adjustment to the exercise price was made in order to ensure that the options continue to provide intended motivational benefit to employees. However, in addition to the reduction in the exercise price, Murray also changed the vesting terms, such that the employees must provide an additional two years of service (awards will now vest on January 1, 2015). Immediately prior to the reduction in the exercise price of the awards, the fair value was $1 per award. After considering the impact of the January 1, 2012, re-pricing, the fair value was $4 per award.

How much compensation expense should be record each year before 2012?

How does decreasing exercise price impact on the fair value of stock option?

In: Accounting