1 Prepare the journal entries to set up the partnership as at 1 May 2020.
2 prepare a classified Balance Sheet of the partnership as at 1 May 2020.
Michelle and Peter form a partnership on 1 May 2020.
Michelle agrees to bring in $250,000 of cash.
Peter, who has been trading as a sole trader, is to invest certain business assets at agreed market valuations and also transfer his business liabilities.
Details of Peter’s assets and liabilities and their agreed valuations, are as follows:
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Book value |
Market value |
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Cash |
$30,000 |
$30,000 |
|||
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Accounts Receivable |
$150,000 |
$120,000 |
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Inventory |
$82,000 |
$76,000 |
|||
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Land |
$150,000 |
$200,000 |
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Equipment |
$45,000 |
$24,000 |
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Accounts payable |
$40,000 |
$40,000 |
|||
|
Loan payable (due 2040) |
$50,000 |
$50,000 |
|||
In: Accounting
3. On 1/1, a manufacturing firm plans to borrow $100M in 4 months to build a factory. The loan will last one year. A different financial institution is offering a Eurodollar FRA at 5% starting in 4 months and lasting for 3 months on a notional principal of $100M. Assume the bank’s actual loan is at LIBOR+0.5% (annual rate) and interest is compounded and paid quarterly. For the day count convention just assume N/360 is .25 for a quarter. Note that the payout of the FRA is based solely on LIBOR and has no connection to the loan actually being taken out by the manufacturing firm. a. What position does the firm take to hedge its interest rate risk for the first 3 months of the loan? b. What is the interest the bank would pay for the first three months if LIBOR could be set today at 5%? c. It turns out that LIBOR at the end of April is 4%. Please calculate the interest on the loan for the first 3 months, the cash flow associated with the FRA, and the effective interest paid for the first 3 months.
In: Finance
Question 4)
Assume an economy that can be described by the following Table 1.
Table 1
|
Year |
Potential GDP |
Real GDP |
Price Level |
|
1 |
$1 020 billion |
$1 020 billion |
100 |
|
2 |
$1 080 billion |
$1 060 billion |
103 |
Answer: this position can be characterized
In: Economics
what is the derivative of y=e^x/(3x+1)^4(x+1)^3
In: Math
4 part question :)
1. Balance the following equations: (1 point)
a. Na2CO3 + HCl → NaCl + CO2 + H2O
b. Cl2 + KOH → KCl + KClO3 + HCl
c. Fe(OH)2 + O2 + H2O → Fe(OH)3
d. FeS + HCl → FeCl2 + H2S
In: Chemistry
Questions 1-4
1. DNA polymerase I is thought to add nucleotides ________.
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in the place of the primer RNA after it is removed |
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to the 5' end of the primer |
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to the 3' end of the primer |
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on single-stranded templates without need for an RNA prime |
2.
In individuals affected with Tay-Sach' s disease, there is almost no activity of an enzyme called hexosaminidase A. Heterozygotes, with only a single copy of the mutant gene, have 50% enzyme function but are phenotypically normal. This illustrates ______.
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Genetic anticipation |
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The Threshold Effect |
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Codominance |
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Multifactorial inheritance |
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Dominance |
3.
wo recessive mutations that cause a "wingless" mutation in Drosophila are independently isolated. A researcher wonders whether the mutations are in the same gene or different genes, so he crosses the two strains. The outcome is that all offspring develop normal wings. Restoration of the wild-type phenotype is due to _________.
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Genomic imprinting |
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Methylation |
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Complementation |
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X-linked inheritance |
4.
For some genetic disorders, the expression of the phenotype depends on whether an allele is inherited from the mother or father. An example in mice occurs with a gene for insulin-like growth factor II (Igf2): a heterozygous mouse will be dwarf if its normal allele comes from his mother and its mutant allele comes from his father. This is an example of _________.
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Genomic imprinting |
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Maternal inheritance |
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Sex-influenced inheritance |
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Sex-limited inheritance |
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Sex-influenced inheritance |
In: Biology
Question 1. Solve the following 1. If tan θ = 4 where 0 ≤ θ ≤ π 2 , find sin θ, cos θ,sec θ, csc θ, cot θ.
2. If α = 3π 4 , find exact values for sec α, csc α,tan α, cot α.
Question 2. For each of the following angles, find the reference angle and which quadrant the angle lies in. Then compute sine and cosine of the angle. a. 225◦ b. 300◦ c. 135◦ d. 210◦
Question 3. The point P is on the unit circle. If the x-coordinate of P is 1/5, and P is in quadrant IV, find the y-coordinate.
Question 4. The angle of elevation to the top of a building in New York is found to be 9 degrees from the ground at a distance of 1 mile from the base of the building. Using this information, find the height of the building.
Question 5. A radio tower is located 400 feet from a building. From a window in the building, a person determines that the angle of elevation to the top of the tower is 36◦ and that the angle of depression to the bottom of the tower is 23◦ . How tall is the tower?
In: Math
You borrow $10,000 on 1/1/2020, at the annual interest rate of 4%, and will repay in 10 annual installments, beginning on 12/31/2020, and continuing at the end of each year for subsequent years. The installments are not level, but will increase at an annual rate of 3% with the first payment of $x. Thus, the second payment will be $x(1.03), the third payment will be $x(1.03)2, etc.
(a) Calculate $x.
(b) What is the total amount of payments? (Just add the payments, without interest.)
(c) What is the total amount of interest?
(d) Assume that all the calculations are repeated without the 3% annual increase, i.e., assume level repayments. Withoutdoing the actual calculations, do you expect the total amount of interest to be higher than, the same as, or lower than your answer in part (c)?
In: Finance
13a) Compute z-scores for the Sale Price variable. Do you note any outliers?
13b) Is there a relationship between Lot Size and the home's Age in years? What test do you perform and why? Now check for whether there is a difference in Lot Size for older versus younger homes (using a cutoff that makes sense). What test do you perform and why?
| Home ID | Sale Price | Lot Size | Age | Central Air | Living Area | Full Baths | Half Baths | Bedrooms | Fireplaces |
| 1 | 320000 | 0.61 | 6 | Yes | 2492 | 2 | 1 | 4 | 2 |
| 2 | 215000 | 0.63 | 21 | Yes | 1792 | 1 | 1 | 3 | 0 |
| 3 | 125000 | 0.35 | 22 | No | 1040 | 1 | 0 | 3 | 0 |
| 4 | 158900 | 0.21 | 3 | No | 1292 | 2 | 0 | 3 | 1 |
| 5 | 82000 | 0.17 | 21 | No | 1412 | 2 | 1 | 2 | 0 |
| 6 | 219200 | 1.08 | 30 | No | 1735 | 1 | 1 | 4 | 1 |
| 7 | 125000 | 0.16 | 133 | No | 852 | 1 | 1 | 2 | 0 |
| 8 | 110000 | 0.15 | 18 | No | 988 | 1 | 1 | 2 | 0 |
| 9 | 179000 | 0.6 | 29 | No | 2128 | 1 | 1 | 3 | 1 |
| 10 | 264900 | 0.55 | 16 | Yes | 1897 | 2 | 1 | 4 | 1 |
| 11 | 208000 | 0.12 | 3 | No | 1242 | 2 | 0 | 2 | 0 |
| 12 | 126000 | 0.74 | 47 | No | 1200 | 1 | 0 | 3 | 1 |
| 13 | 164700 | 0.16 | 25 | Yes | 1602 | 1 | 1 | 2 | 1 |
| 14 | 339000 | 0.68 | 38 | No | 2132 | 1 | 0 | 3 | 0 |
| 15 | 150000 | 0.08 | 68 | No | 1392 | 1 | 0 | 3 | 0 |
In: Statistics and Probability
Investors require a 17% rate of return on Levine Company's stock (i.e., rs = 17%).
What is its value if the previous dividend was D0 = $3.00 and investors expect dividends to grow at a constant annual rate of (1) -2%, (2) 0%, (3) 4%, or (4) 12%? Do not round intermediate calculations. Round your answers to two decimal places.
(1) $
(2) $
(3) $
(4) $
In: Finance