Questions
143) On January 2, 2010, Pannabaker Corporation issued $400,000, five-year, 10% bonds when the market rate...

143) On January 2, 2010, Pannabaker Corporation issued $400,000, five-year, 10% bonds when the market rate of interest was 12%. The bonds pay interest annually on December 31. Pannabaker Corporation uses the effective-interest method of amortization and has a year-end of December 31.

(Note: present value tables required.)

a) Prepare the journal entry on January 2, 2010, to issue the bonds. b) Prepare the journal entry on December 31, 2010, to record the first annual interest payment and the amortization of the premium or discount.

144) Calculate the cash proceeds from the following issuances of bonds. All situations are independent of each other and all the bond issuances pay interest annually.

Note: present value tables required.

a) $100,000, five-year, 10% bonds issued when the market rate is 8% b)$50,000, 10-year, 8% bonds issued when the market rate is 12% c) $200,000, 10-year, 9% bonds issued when the market rate is $12% d) $100,000, five-year, 12% bonds issued when the market rate is 8%

145) Warren Corporation signs an agreement on January 2, 2010, to lease delivery equipment for a five-year period. The current market value of the delivery equipment on January 2, 2010, is $225,000. The lease agreement calls for annual payments of $50,040. The first payment is made on January 2, 2010, all other payments are made on December 31 of each year. The lease agreement calls for an 8% interest rate. The estimated remaining life of the delivery equipment is six years. Ownership of the delivery equipment will transfer to Warren Corporation at the end of the lease term.

Note: present value tables required.

a) Prepare the journal entry on January 2, 2010, to record the lease agreement and make the first lease payment. b) Prepare the entry on December 31, 2010, to record the second lease payment and the accrual of interest.

In: Accounting

4) Two carts collide on a level track. Cart A has mass of 3 kg and...

4) Two carts collide on a level track. Cart A has mass of 3 kg and cart B has mass of 5 kg. Before the collision cart A moves towards stationary cart B with the speed of 5 m/s.
a) What is the momentum of the system of two carts before the collision?

b) What is the kinetic energy of the system of two carts before the collision?

c) What is the momentum of the system of two carts after the collision?

d) If after the collision cart A stops, what is the speed of cart B after the collision?

What is the kinetic energy of the system of two carts after the collision?

Is this a perfectly elastic collision? (enter "yes" or "no") (b/c KE is not conserved)

Is this a perfectly inelastic collision? (enter "yes" or "no") (b/c carts do not sick together after the collision)


e) If instead the two carts lock bumpers and stick together after the collision, what is their speed after the collision?

What is the kinetic energy of the system of two carts after the collision?

In: Physics

Talk about 3 retailers around your place that were affected and how did they react to this pandemic?

 
Debenhams prepares to file for bankruptcy
Debenhams is preparing to call in administrators after the struggling department store was forced to close all its outlets under the coronavirus lockdown.
The company, which has 22,000 staff and was rescued by its lenders after collapsing into administration only a year ago, is understood to be considering filing a formal notice of intention to appoint administrators next week. The legal process provides protection from creditors for 10 working days while a company tries to secure a rescue deal.
Potential administrators lined up this time include KPMG, which handled the Debenhams restructure last May.
A Debenhams spokesman said: “Like all retailers, we are making contingency plans reflecting the extraordinary current circumstances. Our owners and lenders remain highly supportive and whatever actions we may take will be with a view to protecting the business during the current situation.”
Debenhams was taken over last year by a group of its financial backers, including the US hedge funds Silver Point and GoldenTree, after falling into administration. It then used an insolvency process known as a company voluntary arrangement (CVA) to cull unprofitable sites and cut rents.
The group has closed 22 stores, 19 of which shut in January, resulting in more than 700 job losses. A further 28 of its remaining 141 stores had been lined up for permanent closure next year.
Since the coronavirus lockdown Debenhams, which has more than £600m of debt, has written to landlords asking for a five-month rent holiday and reportedly asked suppliers for a 31-day delay to some payments as it seeks to conserve cash.
One insider told Sky News, which first reported the retailer’s plan, that there was a realistic prospect that Debenhams’ clothing suppliers would take legal action against the company for deferring invoice payments during the lockdown.
Any collapse into administration could pave the way for Mike Ashley’s Frasers Group, formerly known as Sports Direct, to revive its interest in Debenhams.
The department store’s CVA plan was subject to a legal challenge amid pressure from Ashley, whose retail group’s investment of £150m was wiped out when Debenhams went into administration. He was keen to combine the department store firm with his House of Fraser chain.
Debenhams is one of many retailers in financial difficulties because of the coronavirus shutdown. Richard Hyman, an independent retail analyst, said it was likely to be the first of many fashion chains in trouble because of an oversupply in the market, as well as the knock to sales from Covid-19.
“There will definitely be more [in difficulty] and quite a lot more,” Hyman said. “But the shakeout may be delayed and you can’t really liquidate assets in this environment.”
Even before the pandemic, British department stores had been in difficulty, with shoppers shifting to buying online or spending on experiences such as holidays, digital services and takeaways, and firms struggling with rising costs, including business rates and staff pay.
The department chain Beales closed its 23 stores after falling into administration in January, while House of Fraser had shut at least seven of its 59 branches before the government shutdown was announced.
John Lewis has also said it is considering permanently closing outlets after profits at its department stores plunged by 65% to £40m.
 
 
Q6: Talk about 3 retailers around your place that were affected and how did they react to this pandemic?
 

In: Accounting

Answer for a and be should be answered independently. Let (X,d) be a metric space, and...

Answer for a and be should be answered independently.

Let (X,d) be a metric space, and

a) let A ⊆ X. Let U be the set of isolated points of A. Prove that U is relatively open in A.

b) let U and V be subsets of X. Prove that if U is both open and closed, and V is both open and closed, then U ∩ V is also both open and closed.

In: Advanced Math

Prove Corollary 4.22: A set of real numbers E is closed and bounded if and only...

Prove Corollary 4.22: A set of real numbers E is closed and bounded if and only if every infinite subset of E has a point of accumulation that belongs to E.

Use Theorem 4.21: [Bolzano-Weierstrass Property] A set of real numbers is closed and bounded if and only if every sequence of points chosen from the set has a subsequence that converges to a point that belongs to E.

Must use Theorem 4.21 to prove Corollary 4.22 and there should be no mention of closed and bounded in the proof. The proof should start with,

[E closed and bounded] iff [E has the BW Property]

In: Advanced Math

StoneWorks is a company that sells tile. It has three profit centers: ceramic, stone and granite....

StoneWorks is a company that sells tile. It has three profit centers: ceramic, stone and granite. Below is financial information for the three centers for the year.

                                                                           Ceramic               Stone            Granite

Revenue                                                           $100,000         $125,000         $150,000

Variable costs as a percentage of sales                     40%                 60%                 64%

Fixed costs:                                                                                                                    

Costs unique to the profit center                           30,000             45,000             64,000

Costs allocated by the retail store                           6,000               7,000               8,000

Which ONE of the following statements is TRUE?

  • Assuming that these data are reliable, only the Ceramic Division should be closed.
  • Assuming that these data are reliable, none of the three divisions should be closed.
  • Assuming that these data are reliable, only the Stone Division should be closed.
  • Assuming that these data are reliable, both the Stone and the Granite Divisions should be closed.
  • Assuming that these data are reliable, only the Granite Division should be closed.

In: Accounting

Below is a chart I'm trying to fill out for Invertebrates. I wanted to know if...

Below is a chart I'm trying to fill out for Invertebrates. I wanted to know if my answers are correct, and if you can help me fill in the sections that I didn't understand (the blank parts). Thank you!

Characteristic

Cnidaria

Nematoda

Platyhelminthes

Arthropoda

Annelida

Porifera

Echinodermata

Protostome/mouth

Eumatozoa

Protostome

Protostome

Protostome

Protostome

Parazoa

Deuterostome

Radial symmetry

Radial

bilateral

bilateral

bilateral

bilateral

No symmetry (only sponges)

radially symmetrical

Monoecious

Budding

Dioecious

Monoecious

Dioecious

Both Monoecious and Dioecious

Monoecious

Dioecious

Cuticle/exoskeleton

hydroskeleton

hydrostatic

hydroskeleton

exoskeleton

hydroskeleton

Endoskeleton of spicules

dermal endoskeleton

Filter feeder

Yes

Tentacles

Yes

Compound eyes

compound eyes

Metamerism

unsegmented

unsegmented

unsegmented

segmented

segmented

unsegmented

unsegmented

Closed circulatory sytem

Neither open or closed

Neither open or closed

Neither open or closed

Open

Closed

Closed

Open

Habitat (marine)

Marine animals

In: Biology

Given the following dataset x 1 1 2 3 4 5 y 0 2 4 5...

Given the following dataset

x 1 1 2 3 4 5
y 0 2 4 5 5 3

We want to test the claim that there is a correlation between xand y.

(a) What is the null hypothesis Ho and the alternative hypothesis H1?

(b) Using α= 0.05, will you reject Ho? Justify your answer by using a p-value.

(c) Base on your answer in part (b), is there evidence to support the claim?

(d) Find r, the linear correlation coefficient.

The level of cretaine phosphokinase (CPK) in blood samples measures the amount of muscle damage for athletes. At Jock State University, the level of CPK was determined for each of 25 football players and 15 soccer players before and after practice. The two groups of athletes are trained independently. The data summary is as follows :For football players :

n=25 before practice after practice difference(before-after)
mean 254.73 225.6 29.13
St.deviation 115.5 132.6 21.00

For soccer players :

n=15 before practice after practice difference(before-after)
mean 177.1 173.8 3.3
st.deviation 60.7 64.4 6.88

Assume that all the data above are normal, use the information above to answer problems 7 to 10.

7. Construct a 95% Confidence Interval for the difference in mean CPK values for foot-ball players and soccer players BEFORE exercises.

8. Construct a 95% Confidence Interval for the difference in mean CPK values for foot-ball players BEFORE and AFTER exercises.

9. Test the claim that the mean CPK level has DECREASED for soccer players AFTERexercise (compared to the mean BEFORE exercise), using α= 0.10.

10. AFTER practice, do football players have a DIFFERENT mean CPK values com-pared to soccer players? Test this claim by performing a hypothesis test, usingα= 0.10.

In: Statistics and Probability

Define and explain how two of the following three methods were used (or not used) by...

Define and explain how two of the following three methods were used (or not used) by the consumers to estimate the overcharge in the lysene cartel: before and after, cost-based and yardstick. [We did not discuss the third in class, though it is about a different type of comparison than the before and after method.]

In: Economics

An electron collides elastically with a stationary hydrogen atom. The mass of the hydrogen atom is...

An electron collides elastically with a stationary hydrogen atom. The mass of the hydrogen atom is 1837 times that of the electron. Assume that all motion, before and after the collision, occurs along the same straight line. What is the ratio of the kinetic energy of the hydrogen atom after the collision to that of the electron before the collision?

In: Physics