You borrow $10000 for a capital equipment at 6% interest. If you plan to pay back
2000/yr how long will it take to pay off the debt ? What is the amount of the final payment?

I need some assistance with my 2000 word essay I am writing about COVID-19 and how it is affecting and affected the business industry around the world. Thank you.

I need some assistance with my 2000 word essay I am writing about COVID-19 and how it is affecting and affected the business industry around the world. Thank you.

I need some assistance with my 2000 word essay I am writing about COVID-19 and how it is affecting and affected the business industry around the world. Thank you.

Question 3

Brown and James are the sole members in Tendesius cc, a business enterprise which organizes fun and walks. They have an equal share in the profits and loses and they each contributed N$2 500 to start the corporation in 2015. On 1 March 2018, fun and walks (Pty) Limited made an offer to take over Tendesius cc. At that date the members loan was payable to James. Brown did not want to take up the offer so he asked to be paid out.

The financial statement of Tendesius cc at 28 February was as follows :
Land and building at cost N$12500 motor vehicle at costN$5000 depreciation N$2000 carrying amount N$3000 inventory N$22500
Account payable N$7500
Bank 9000
Total assets N$54 500
Members funds N$35 000
Members contributions 5000
Undrawn profits 30000, members loan 15000,
Account payable 4500, total equity and liabilities 54 500
Fun and walks (Pty) Limited offered to pay Tendesius cc N$100 000 to take over the business as going concern. The payment was structured as follows :
N$42500 in cash to brown for his share of business. N$ 42500 by a fresh issue of ordinary share Fun and walks (Pty) Limited at N$1 each to pay James for his share of the business. N$15000 by an issue of debentures of N$100 each in Fun and walks (Pty) Limited to repay the members loan to James in the cc.
The land and building taken over were considered to be worth N$37500.
The statement of financial position ofFun and walks (Pty) Limited at 28 February 2018 was as follows : Land and building N$100 000, motor vehicles at cost N$40 000 depreciation 15000 carrying amount 25000
Inventory 1500,account payable 25000, bank 60000. Total assets N$225000
Capital and reserves N$140000,ordinary share capital N$100 00, accumulated profit N$40000, 10% debentures N$50 000 shareholders loan N$20 000, account payable N$15 000. Total equity and liabilities N$225000.
Prepare the journal entries of Fun and walks (Pty) Limited to record the takeover of Tendesius cc.
Prepare a statement of financial position of Fun and walks (Pty) Limited as at 01 March 2018.

The following information is available for Bugsy Corporation:

January 1, 2018      Shares outstanding                                             2,000,000

March 1, 2018        Shares issued                                                   570,000

April 1, 2018              Treasury shares purchased                                  100,000

September 1, 2018       Shares issued                                                       300,000

The number of shares to be used in computing earnings per common share (WASO) for 2018 is

Select one:

2,500,000 shares

2,269,167 shares

2,583,333 shares

2,294,167 shares

On January 2, 2018 you started a business corporation named Ace Corporation. Business is slow, so you only have a few transactions during the year, and it appears you will make very little profit. Given the attached chart of Accounts and other worksheets you are required to enter the journal entries to record the transactions and post them to the ledger as they occur. At the end of the calendar year you will need to prepare a trial balance. You will also enter the adjusting journal entries, post the adjusting journal entries to the ledger and complete the adjusted trial balance. Next prepare the income statement for year ending December 31, 2018. Prepare the statement of stockholders' equity for year ending December 31, 2018. Enter the closing Journal entries and Post them to the ledger.

Requirement 1

Prepare the journal entries for the following transactions and post each journal entry to the ledger.

1. On January 2, 2018 Ace Corporation receives $300,000 cash from the stockholders and in turn issued common stock to them.

2. On January 2, 2018 Ace prepaid $39,000 cash to rent office space for 3 years.

3. On January 2, 2018 to furnish the office Ace purchased office furniture and equipment for $17,000 cash.

4. On February 1, 2018 Ace purchased inventory for $20,000 cash to sale to its customers.

5. On April 15, 2018 Ace recorded cash sales of $13,800.

6. On July 1, 2018 Ace obtains a 1-year loan from a local bank for $50,000. The bank is charging Ace interest at an annual percentage rate of 8%. Interest is payable January 1, 2019 and July 1, 2019.

7. On August 15, 2018 Ace recorded sales on account of $16,000.

8. On September 30, 2018 Ace received $8,000 cash for part of the sales on account recorded on August 15, 2018.

9. On November 15, 2018 Ace purchased $15,000 of inventory on account.

10. On December 1, 2018 Ace recorded cash sales of $17,500.

11. On December 10, 2018 Ace paid $14,000 cash for the $15,000 purchase of inventory on account on November 15, 2018.

12. On December 15, 2018 Ace paid $2,800 for a utility bill.

1. In the following model, “white” is a dummy indicating a person is a white:

wage=β0+β1edu+β2white+u

If you run this model, the regression will produce two regression lines, one for white and the other for non-white.

If you run the regression without the dummy wage=β0+β1edu+u separately for white and for non-white (for example, if there are 1000 people; 500 of them are white and 500 are non-white; run the regression of wage on edu for the 500 white and then run it for the 500 non-white), you will also get two regression lines, one for white and the other for non-white. Are the two ways of getting wage differential essentially the same? Say “yes” or ‘no”, then explain. (10pts)