January 1, 2020, Farhaan Corp. issued bonds with a par value of $ 1,000,000 at 98 (which is net of issue costs), due in 15 years. Six years after the issue date, the entire issue is called at 102 and cancelled.

Instructions

Prepare the journal entry to reflect the reacquisition of the bond assuming the straight-line amortization method.

Ice at −14.0 °C and steam at 142 °C are brought together at atmospheric pressure in a perfectly insulated container. After thermal equilibrium is reached, the liquid phase at 50.0 °C is present. Ignoring the container and the equilibrium vapor pressure of the liquid, find the ratio of the mass of steam to the mass of ice. The specific heat capacity of steam is 2020 J/(kg.C°).

. Ice at −11.0 °C and steam at 146 °C are brought together at atmospheric pressure in a perfectly insulated container. After thermal equilibrium is reached, the liquid phase at 48.0 °C is present. Ignoring the container and the equilibrium vapor pressure of the liquid, find the ratio of the mass of steam to the mass of ice. The specific heat capacity of steam is 2020 J/(kg.C°).

The City of Aurora issued bonds on Dec 1, 2014 with a 4% coupon from year1through year7, 5% coupon from year 8 through 10, 6% from year 11 through year 13,and a 7% coupon from year 14 through year 15. that will mature on Dec 1, 2029 (15 years

You buy the bond on Dec 1, 2020 (six years after it was issued The YTM for bonds such as the City of Aurora was 6% on Dec 1, 2020 and the stock returns was 10%. You plan to hold the bond until maturity (9 years from now]. Calculate the value (price) of a $1000City of Aurora bond as of Dec

you had to sell this bond 6 years after you purchased the bond when the bond yield similar to your bond was 4% and the stock return was 6% what would be the price you sold your bond at? Remember bond s interest is received semi-annually.

please show me the work or the steps

Thank you.

Genmo Corporation*

On the night of February 27, 2012, certain records of the Genmo Corporation were accidentally destroyed by fire. Two days after that the principal owner had an appointment with an investor to discuss the possible sale of the company. The owner needed as much information as could be gathered for this purpose, recognizing that over a longer period of time a more complete reconstruction would be possible.

On the morning of February 28, the following were available: (1) A balance sheet as of December 31, 2010, and an income statement for 2010 (Exhibit 1) and (2) certain fragmentary data and ratios that had been calculated from the current financial statements (Exhibit 2). The statements themselves had been destroyed in the fire. (In ratios involving balance sheet amounts, Genmo used year‐end amounts rather than an average.) And (3) the following data (in thousands):

2011 revenues.............................................................. $10,281

Current liabilities, December 31, 2011 ......................... 2,285

EXHIBIT 1 Genmo Corporation Financial Statements

(thousands of dollars)

BALANCE SHEET

As of December 31, 2010

Assets

Current assets: Cash................................................................ $    18

Marketable securities..................................... 494

Accounts receivable......................................   728

Inventories......................................................    972

Prepaid expenses........................................... 214

Total current assets..................................... 2,426

Investments……………………………………………. 898

Real estate, plant, and equipment........................... $4,727

Less: Accumulated depreciation..................... 2,433 2,294

Special tools............................................................. 171

Goodwill................................................................... 594

Total assets.............................................................. $6,383

Liabilities and Shareholders’ Equity

Current liabilities: Accounts payable............................................. $ 732

Loans payable.................................................. 266

Accrued liabilities.............................................. 1,232

Total current liabilities............................. 2,230

Long-term debt.......................................................... 250

Other noncurrent liabilities......................................... 951

Total liabilities............................................................ 3,431

Shareholders’ equity: Preferred stock................................................. 25

Common stock.................................................   54

Additional paid-in capital.................................. 667

Retained earnings............................................   2,206

Total shareholders’ equity.......................   2,952

Total liabilities and shareholders’ equity.................... $6,383

Income Statement, 2010

Total revenues.......................................................... $9,779

Cost of sales (excluding depreciation and amortization)… $8,165

Depreciation........................................................................ 278

Amortization of goodwill and special tools.......................... 343 8,786

Selling, general, and administrative expenses................... 430

Provision for income taxes.................................................. 163

Total costs and expenses................................................... 9,379

Net income.......................................................................... $ 400

EXHIBIT 2 Selected Ratios

                                                                                                              2011 2010

Acid-test ratio.......................................................................... 0.671    0.556

Current ratio ........................................................................... 1.172     1.088

Inventory turnover (times) .......................................................10.005   8.400

Days’ receivables.................................................................... 39.66     27.17

Gross margin percentage........................................................ 15.12    16.50

Profit margin percentage.......................................................... 2.831   4.090

Invested capital turnover (times) ............................................. 2.091    2.355

Debt/equity ratio (percentage) ................................................. 62.15   40.68

Return on shareholders’ equity.................................................. ?        13.55

Questions 1. Prepare a balance sheet as of December 31, 2011, and the 2011 income statement.

                    2. What was the return on shareholders’ equity for 2011?

1. Let’s think about the market for loanable funds. One of its examples is the market for housing loans. Let’s analyze how COVID 19 affects the market for housing loans.

1) Suppose that COVID 19 causes high uncertainty in the future. How does high uncertainty in the market for housing loans affect demand and supply for housing loans? Describe in words how demand or supply or both will shift. (4 points)

2) Let’s analyze how high uncertainty affects the market equilibrium interest rate and quantity of housing loans in three graphs. There may be three cases of change in market equilibrium. In each graph, label clearly a Y-axis and X-axis and market equilibrium point with numbers or variables with subscripts. Show the change in market equilibrium interest rate and quantity of loans with arrows. Summarize how both market equilibrium interest rate and quantity of loans changes for each case in words at the end. Show demand and supply of housing loans before COVID 19 as S0 and D0 and after COVID19 as S1 and D1.  (9 points)

2. Suppose that consumption is $14 trillion, investment is $4 trillion, government spending is $4 trillion, taxes are $4 trillion, and capital inflow and capital outflow are $0.5 billion.

1) Suppose that there is no government and the economy is a closed economy. How much is private saving? Why? (2 points)

2) Suppose that there is a government and the economy is a closed economy. How much is a public saving? Is there a budget surplus, budget deficit, or a balanced budget? How much is a national saving? (3 points)

3) Suppose that there is a government and the economy is an open economy. How much is a net capital flow? Is there a net capital inflow or a net capital outflow or no net capital flow? Is investment greater than national saving or smaller than national saving or equal to national saving? (3 points)

3. Find an interest rate for a Federal government note, a Federal government bill, and a Federal government bond, and a corporate bond of one company. Describe each asset briefly, especially, matur

Two factories located in different cities, owned by the same organization (ABC Corp), produce the identical product. The product they make is a specialized all-terrain vehicle. In 2002, based on productivity data from a random sample of workers, management felt the average labor productivity of the two plants could be improved. So, both plants underwent identical process improvements through 2003. In 2004, the worker productivity was gauged for both plants using the same set of workers.

Factory A Before = worker productivity for Factory A measured in units finished per day measured in 2002 i.e. before improvement intervention

Factory B Before = worker productivity for Factory B measured in units finished per day measured in 2002 i.e. before improvement intervention

Factory A After = worker productivity for Factory A measured in units finished per day measured in 2004 i.e. after improvement intervention

Factory B After = worker productivity for Factory B measured in units finished per day measured in 2004 i.e. after improvement intervention

You are the consultant and the management wants the following questions answered.

1. Was there a difference in average worker productivity between factories A and B before the process improvement began?
2. Do the two factories (A and B) differ in terms of average productivity after the process improvement?
3. Did the process improvement intervention help improve the average worker productivity in ABC Corp?
4. Did the process improvement intervention help improve the average worker productivity in factory A?
5. Did the process improvement intervention help improve the average worker productivity in factory B?
6. Did the average worker productivity in Factory A improve more than the average worker productivity in Factory B?

Assume α-level of 10%. You have to use p value method. Assume equal variances wherever needed.

Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019.

To prepare a master budget for January, February, and March of 2020, management gathers the following information.

1. The company’s single product is purchased for $20 per unit and resold for $57 per unit. The expected inventory level of 5,500 units on December 31, 2019, is more than management’s desired level, which is 20% of the next month’s expected sales (in units). Expected sales are January, 6,750 units; February, 9,500 units; March, 11,250 units; and April, 9,000 units.
2. Cash sales and credit sales represent 25% and 75%, respectively, of total sales. Of the credit sales, 59% is collected in the first month after the month of sale and 41% in the second month after the month of sale. For the December 31, 2019, accounts receivable balance, $125,000 is collected in January 2020 and the remaining $395,000 is collected in February 2020.
3. Merchandise purchases are paid for as follows: 20% in the first month after the month of purchase and 80% in the second month after the month of purchase. For the December 31, 2019, accounts payable balance, $70,000 is paid in January 2020 and the remaining $300,000 is paid in February 2020.
4. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $54,000 per year.
5. General and administrative salaries are $144,000 per year. Maintenance expense equals $1,900 per month and is paid in cash.
6. Equipment reported in the December 31, 2019, balance sheet was purchased in January 2019. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, $38,400; February, $96,000; and March, $28,800. This equipment will be depreciated under the straight-line method over eight years with no salvage value. A full month’s depreciation is taken for the month in which equipment is purchased.
7. The company plans to buy land at the end of March at a cost of $180,000, which will be paid with cash on the last day of the month.
8. The company has a working arrangement with its bank to obtain additional loans as needed. The interest rate is 12% per year, and interest is paid at each month-end based on the beginning balance. Partial or full payments on these loans can be made on the last day of the month. The company has agreed to maintain a minimum ending cash balance of $35,000 at the end of each month.
9. The income tax rate for the company is 41%. Income taxes on the first quarter’s income will not be paid until April 15.

Required:
Prepare a master budget for each of the first three months of 2020; include the following component budgets.

1. Monthly sales budgets.
2. Monthly merchandise purchases budgets.
3. Monthly selling expense budgets.
4. Monthly general and administrative expense budgets.
5. Monthly capital expenditures budgets.
6. Monthly cash budgets.
7. Budgeted income statement for the entire first quarter (not for each month).
8. Budgeted balance sheet as of March 31, 2020.

Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019.

To prepare a master budget for January, February, and March of 2020, management gathers the following information.

1. The company’s single product is purchased for $20 per unit and resold for $57 per unit. The expected inventory level of 5,500 units on December 31, 2019, is more than management’s desired level, which is 20% of the next month’s expected sales (in units). Expected sales are January, 6,750 units; February, 9,500 units; March, 11,250 units; and April, 9,000 units.
2. Cash sales and credit sales represent 25% and 75%, respectively, of total sales. Of the credit sales, 59% is collected in the first month after the month of sale and 41% in the second month after the month of sale. For the December 31, 2019, accounts receivable balance, $125,000 is collected in January 2020 and the remaining $395,000 is collected in February 2020.
3. Merchandise purchases are paid for as follows: 20% in the first month after the month of purchase and 80% in the second month after the month of purchase. For the December 31, 2019, accounts payable balance, $70,000 is paid in January 2020 and the remaining $300,000 is paid in February 2020.
4. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $54,000 per year.
5. General and administrative salaries are $144,000 per year. Maintenance expense equals $1,900 per month and is paid in cash.
6. Equipment reported in the December 31, 2019, balance sheet was purchased in January 2019. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, $38,400; February, $96,000; and March, $28,800. This equipment will be depreciated under the straight-line method over eight years with no salvage value. A full month’s depreciation is taken for the month in which equipment is purchased.
7. The company plans to buy land at the end of March at a cost of $180,000, which will be paid with cash on the last day of the month.
8. The company has a working arrangement with its bank to obtain additional loans as needed. The interest rate is 12% per year, and interest is paid at each month-end based on the beginning balance. Partial or full payments on these loans can be made on the last day of the month. The company has agreed to maintain a minimum ending cash balance of $35,000 at the end of each month.
9. The income tax rate for the company is 41%. Income taxes on the first quarter’s income will not be paid until April 15.

Required:
Prepare a master budget for each of the first three months of 2020; include the following component budgets.

1. Monthly sales budgets.
2. Monthly merchandise purchases budgets.
3. Monthly selling expense budgets.
4. Monthly general and administrative expense budgets.
5. Monthly capital expenditures budgets.
6. Monthly cash budgets.
7. Budgeted income statement for the entire first quarter (not for each month).
8. Budgeted balance sheet as of March 31, 2020.

Problem 07-8AA Merchandising: Preparation of a complete master budget LO P4

Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019.

To prepare a master budget for January, February, and March of 2020, management gathers the following information.

1. The company’s single product is purchased for $20 per unit and resold for $57 per unit. The expected inventory level of 5,000 units on December 31, 2019, is more than management’s desired level, which is 20% of the next month’s expected sales (in units). Expected sales are January, 6,500 units; February, 9,250 units; March, 11,500 units; and April, 10,500 units.
2. Cash sales and credit sales represent 25% and 75%, respectively, of total sales. Of the credit sales, 57% is collected in the first month after the month of sale and 43% in the second month after the month of sale. For the December 31, 2019, accounts receivable balance, $125,000 is collected in January 2020 and the remaining $395,000 is collected in February 2020.
3. Merchandise purchases are paid for as follows: 20% in the first month after the month of purchase and 80% in the second month after the month of purchase. For the December 31, 2019, accounts payable balance, $65,000 is paid in January 2020 and the remaining $295,000 is paid in February 2020.
4. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $60,000 per year.
5. General and administrative salaries are $144,000 per year. Maintenance expense equals $2,000 per month and is paid in cash.
6. Equipment reported in the December 31, 2019, balance sheet was purchased in January 2019. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, $38,400; February, $91,200; and March, $24,000. This equipment will be depreciated under the straight-line method over eight years with no salvage value. A full month’s depreciation is taken for the month in which equipment is purchased.
7. The company plans to buy land at the end of March at a cost of $180,000, which will be paid with cash on the last day of the month.
8. The company has a working arrangement with its bank to obtain additional loans as needed. The interest rate is 12% per year, and interest is paid at each month-end based on the beginning balance. Partial or full payments on these loans can be made on the last day of the month. The company has agreed to maintain a minimum ending cash balance of $42,000 at the end of each month.
9. The income tax rate for the company is 43%. Income taxes on the first quarter’s income will not be paid until April 15.

Required:
Prepare a master budget for each of the first three months of 2020; include the following component budgets.

6. Monthly cash budgets.
7. Budgeted income statement for the entire first quarter (not for each month).
8. Budgeted balance sheet as of March 31, 2020.