Can you explain how to solve this problem?
On January 1, 2017, Spring Fashions Inc. enters into a contract with a southeast retail company to provide 500 dresses for $62,500 ($125 per dress) over the next 10 months. On October 1, 2017, after 450 of the dresses had been delivered (50 dresses per month), the contract is modified.
Required: 1: Fifty dresses were delivered each month for the first 9 months of 2017. Prepare Spring Fashions’s monthly journal entry to record revenue.
2: Assume that the contract is modified to sell, once the original 500 dresses are delivered, an additional 100 dresses at $110 per dress, which is the stand-alone selling price on October 1, 2017. Assume the dresses are delivered evenly in November and December 2017. Prepare the journal entries to record the contract modification.
Prepare journal entries to record a monthly cash sale on January 31 under the original contract and a monthly cash sale on November 30 under the modified contract.
In: Accounting
A Rs. 100 par value bond bears a coupon rate of 14% and matures after 5 years. Interest in payable semi-annually. Compute the value of the bond if the required rate of return is 16%. Also calculate the price change in the bond if yield decreases by 1%. (make necessary assumptions if required)
In: Finance
"Company A has just issued a callable (at par) 8 year, 12% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $107 per $100 face value. What is the bond's yield to call?
In: Finance
The market demand is given as;
P = 100 – Q
Marginal cost of production is given as;
MC = 10
In: Economics
1. If reserves decrease by $4 million and the required reserve ratio is 6%, what is the change in the money supply?
2. According to Simple Quantity Theory of Money, what is the change in price level if money supply increases by 20% from $500 and both velocity and quantity are constant, at 2 and 100 respectively?
In: Economics
M/S. Marutham Investment Bond 2013 was issued in January 2014, with a maturity period of 2 years. With a Coupon payment of 7% per annum made every 6 months with a Face value of Rs.100. What is the YTM for the bond, if the prevailing market price was Rs. 84 as at January 2014?
In: Finance
Exercise 1:
Write an XML document describing the exercises in this document: the root element is <exercises>. The root has an attribute number that has value 1. The root element has three child elements; <date> that contains as text the date of the exercise, and two <item> elements for the first two exercises (1--2). Write some text in the <item> elements.
Exercise 2:
Write an XML document describing a person: name, occupation, address and hobbies. Please do not use your own information, you can use fake data. Decide on suitable element names and nesting. Check your document for well-formedness.
Exercise 3:
Draw a tree that represents the XML document you created in task 2.
Exercise 4:
This is the books.xml file
<?xml version='1.0'?>
<!-- This file represents a fragment of a book store inventory
database -->
<bookstore>
<book genre="autobiography" publicationdate="1981" ISBN="1-861003-11-0">
<title>The Autobiography of Benjamin
Franklin</title>
<author>
<first-name>Benjamin</first-name>
<last-name>Franklin</last-name>
</author>
<price>8.99</price>
</book>
<book genre="novel" publicationdate="1967" ISBN="0-201-63361-2">
<title>The Confidence Man</title>
<author>
<first-name>Herman</first-name>
<last-name>Melville</last-name>
</author>
<price>11.99</price>
</book>
<book genre="philosophy" publicationdate="1991" ISBN="1-861001-57-6">
<title>The Gorgias</title>
<author>
<name>Plato</name>
</author>
<price>9.99</price>
</book>
</bookstore>
Using books.xml as a model, create a small xml file for a student's
program of study form called programOfStudy.xml. It should capture
the following data:
In: Computer Science
Harvery Inc. has 2,000,000 of shares of $1 par value come stock outstanding January 1st
On July 1st Harvey repurchased 300,000 shares at a cost of $22 per share
December 31, 2015, 300,000 shares were issuable upon exercise of executive stock options- exercise price of $20 per share
Average market price of company's stock $30 per share.
Harvey Inc has two convertible securities
a) Convertible bonds, $2,000,000 Face Value, 7% interest, convertible into 40,000 shares of common stock
b) 50,000 shares of $100 par value convertible preferred stock with dividend rate of 6%. Each $100 par value share convertible into 10 shares each.
During 2015, Harvey's net income was $6,400,000. All preferred stocks/dividends were decrlared and paid. Company's tax rate is 40%.
INSTRUCTIONS: Complete the diluted earnings per share for 2015
In: Accounting
a. What assumptions are made to justify the shape of the short-run aggregate supply curve; i.e., that it is horizontal at a given price level?
b. What assumptions are made to justify the shape of the long-run aggregate supply curve; i.e., that it is vertical at a full-employment level of output?
c. Recently, oil prices have been declining in the U.S. Oil prices hovered around $100 per barrel during much of 2013 and 2014. During 2015 until the present day, oil prices have hovered closer to $50 per barrel. All else equal (ignoring many other changes in the U.S. economy), how should the lower oil prices, around $50 per barrel compared with around $100 per barrel, affect the price level, unemployment, and real income in the United States? Explain using a diagram, and consider only short-run aggregate supply, and not the long-run aggregate supply.
In: Economics
We are in 2014. Bond G has par 100 and is sold for settlement on 16 June 2014. Annual coupon rate of 5% is paid semi-annually, on 10 April and 10 October. The bond matures on 10 October 2016. The Day-Count Convention is 30/360. The bond is currently selling at a Yield-to-Maturity of 4%. The flat price for Bond G on the settlement date of 16 June 2014 as computed by the practitioner is closest to: a. 102.18. b. 103.10. c. 104.02. d. 102.85. e. 105.81.
An investor considers the purchase of a 2-year bond with a 5% coupon rate, with interest paid annually and par of 100. The spot rates observed in the market today are as follows: 1-yr spot is 3%, the 2-yr spot is 4% and the 3-yr spot is 5%. The clean price of the bond is closest to: a. 101.93. b. 102.85. c. 105.81. d. 102.36. e. 103.10.
In: Finance