Questions
On March 31, 2020, Adtech Inc. issued $200,000, 9%,10-year bonds. The bonds pay interest semi-annually, on...

On March 31, 2020, Adtech Inc. issued $200,000, 9%,10-year bonds. The bonds pay interest semi-annually, on September 30 and March 31. The first interest payment is on September 30, 2020. The bonds are issued at a price of 1141/4 (i.e., $228,500). The issuance price implies an effective interest rate of 7%. Bond issue costs are $10,000, which are amortized using the straight-line method. Adtech’s fiscal year-end is on December 31.

1.Prepare all necessary journal entries in relation to these bonds between March 30, 2020 and April 1, 2021.

2. What is the amount of the liability that Adtech has to the bondholders on September 30, 2021, after the interest payment on that date?

In: Accounting

“US oil prices turned negative for the first time on record on Monday April 20th, 2020...

“US oil prices turned negative for the first time on record on Monday April 20th, 2020 after oil producers ran out of space to store the oversupply of crude left by the coronavirus crisis, triggering an historic market collapse which left oil traders reeling.” (The Guardian, April 20th, 2020)

On April 21st, 2020 the US president Donald Trump tweeted: “We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan, which will make funds available so that these very important companies and jobs will be secured long into the future!”

What factors or government policies do you think will help the price of oil to go up?

In: Economics

The cash account for Corey’s Construction Company at August 31, 2020, indicated a book balance of...

The cash account for Corey’s Construction Company at August 31, 2020, indicated a book balance of $19,885. The bank statement received by the company indicated a balance of $39,473.63 as at August 31, 2020. A comparison of the bank statement and the accompanying cancelled cheques and memos with the records revealed the following:

  1. A deposit of $6,794.62 was received by the bank on August 31 after the bank statement was prepared.

  1. Cheques #251 for $1,200 and #260 for $1,333.25 were not presented to the bank for encashment as at August 31, 2020.
  2. The bank erroneously debited a cheque drawn Corey’s Construction as $16,000 instead of $1,600.

  1. The company’s accountant recorded a $3,500.00 cheque for payment of accounts payables as $35,000
  1. The bank credited a deposit of $200 as $2,000 to Corey’s Construction account.
  2. A cheque for $13,500 from a customer Ali Woods was returned for insufficient funds. The bank charged $50 for Wood’s NSF cheque. The company’s policy states that the bank charges associated with NSF cheques are to be recovered from the customer.
  3. A note was collected by the bank of $21,000 on August 31 which included interest of $1,500.

  1. A debit memo from the bank showed service charge amounting to $2,500 as at August 31, 2020.

Required:

  1. Prepare the necessary journal entries for Corey’s Construction Company at August 31, 2020.

  1. Prepare Corey’s Construction Company adjusted cash book to be included in the balance sheet for August 31st. 2020.
  1. Prepare Corey’s Construction Company bank reconciliation statement for August 31, 2020

In: Accounting

Leopard Ltd's financial year ended on 30 June 2020. The following events occurred between the end...

Leopard Ltd's financial year ended on 30 June 2020. The following events occurred between the end of the reporting period and the date the directors of Leopard Ltd expect to authorise the financial statements for issue:

  1. On 25 July 2020, directors proposed a final dividend of $180 000 which requires approval at the annual general meeting.
  2. On 15 July 2020, the financial cost of inventory shipped from overseas is determined. The inventory was received in June 2020 and the cost was estimated for accounting purposes. The revised cost is $80 000 greater than the prior estimate.
  3. A customer of Leopard Ltd, is declared insolvent on 16 August 2020 as the customer’s uninsured premises were destroyed by a cyclone. The customer owed Leopard Ltd $600 000 as at 30 June.
  4. The government announced an increase in tax rates from 30 per cent to 33 per cent for the year commencing 1 July 2020 the deferred tax liability account is $250 000.

REQUIRED

For each of the above material after-reporting-period events, state the reason why an adjustment or disclosure may or may not be required in the 30 June 2020 financial statements. Assume the above events would not significantly affect the going-concern assumption for Leopard Ltd. You are not required to draft any financial statement notes or provide any journal entries for adjustments.

In: Accounting

Summarize the overall trends and outcomes of 2000 - 2010 in the US by integrating economic...

Summarize the overall trends and outcomes of 2000 - 2010 in the US by integrating economic models, and historical analysis. Refer to GDP, unemployment, interest rate, fiscal policy, monetary policy and foreign trade.

Please relate answer in summary form and only for the 2000 - 2010 US time period.

In: Economics

When the price of a soda from the campus vending machine was $0.50 per can, 100...

  1. When the price of a soda from the campus vending machine was $0.50 per can, 100 cans were sold each day. After the price increased to $0.60 per can, sales dropped to 80 cans per day. Over this range, the absolute price elasticity of demand for soft drinks was approximately equal to

    A.

    1.00

    B.

    2.00

    C.

    1.47

    D.

    1.22

1 points   

QUESTION 9

  1. Luna is a manufacturer of fashion jewelry. The CEO of Luna makes sure that the company frequently introduces new styles of jewelry to suit changes in tastes and stay a step ahead of her competitors. Which of the following success drivers of performance is the CEO using?

    A.

    cost competitiveness

    B.

    innovation

    C.

    service

    D.

    quality

In: Economics

4. There is data for you in the tab called EComSales. It comes from the Federal...

4. There is data for you in the tab called EComSales. It comes from the Federal Reserve and represents quarterly e-commerce sales data in the U.S. for Quarter 4, 1999 to Quarter 4, 2019. Month 1=Q1, Month 4=Q2, Month 7=Q3, Month 10 = Q4. Run a regression forecasting sales for all 4 quarters in 2020. Print your regression results in a new tab. Rename that tab Answer Q4. In that cells below your regression results, forecast sales for Q1:2020, Q2:2020, Q3:2020, and Q4:2020. Round all answers to the nearest dollar in Excel and put a comma in so I can read it easier (do not round by hand or put the comma in by hand– set up excel to do the rounding and the comma for you).

IT IS NOT LETTING ME POST CORRECTLY, THE COLUMN OF 5553 IS FOR Q1, THE 6059 FOR Q2, THE 6892 FOR Q3 AND THE 5241 FOR Q4

Year Years since 1999 (X) Q1 Q2 Q3 Q4
1999 0 5241
2000 1 5553 6059 6892 9104
2001 2 7923 7816 7737 10784
2002 3 9621 10076 10760 14166
2003 4 12358 12973 13909 17915
2004 5 16201 16502 17371 22523
2005 6 20142 20953 22171 28121
2006 7 25490 25817 26892 35135
2007 8 30403 31589 32352 42126
2008 9 34270 34260 33486 39576
2009 10 32284 32924 34494 45805
2010 11 37059 38467 40075 54320
2011 12 44243 45426 46159 64435
2012 13 51722 52542 53832 73827
2013 14 58355 60181 61344 83766
2014 15 66148 69715 71331 95830
2015 16 75918 79916 81769 109362
2016 17 86811 91969 93830 124697
2017 18 99805 107094 108905 145230
2018 19 115602 122934 124214 160894
2019 20 129015 139647 145833 187252

PLEASE EXPLAIN STEP BY STEP AND PUT EXCEL FORMULAS! THANK YOU

In: Statistics and Probability

. Determine whether K4 (the complete graph on 4 vertices contains the following: i) A walk...

. Determine whether K4 (the complete graph on 4 vertices contains the following: i) A walk that is not a trail. ii) A trail that is not closed and is not a path. iii) A closed trail that is not a cycle.

In: Advanced Math

Prove the converse of Theorem 3.3.4 by showing that if a set K ⊆ R is...

Prove the converse of Theorem 3.3.4 by showing that if a set K ⊆ R is closed and bounded, then it is compact.

Theorem 3.3.4 A set K ⊆ R is compact if and only if it is closed and bounded.

In: Advanced Math

describe how a closed circulatory system delivers oxygen and nutrients and picks up waste and carbon...

describe how a closed circulatory system delivers oxygen and nutrients and picks up waste and carbon dioxide. What types of organisms use a closed circulatory system?

In: Nursing