Questions
If​ $1000 is deposited at the end of each year for 5 years into an ordinary...

If​ $1000 is deposited at the end of each year for 5 years into an ordinary annuity earning 7.59​% compounded​ annually, construct a balance sheet showing the interest earned during each year and the balance at the end of each year.

Complete the balance sheet.

Period

Amount

Interest

Balance

1

​$1000.00

2

​$1000.00

3

​$1000.00

4

​$1000.00

5

​$1000.00

​(Round to the nearest cent as​ needed.)

In: Accounting

1. At the midpoint of the current year, a $16,000 check is given for land, and...

1. At the midpoint of the current year, a $16,000 check is given for land, and the buyer assumes the liability for unpaid taxes in arrears of $400 at the end of last year and those assessed for the current year of $360.

a. Determine the cost used for recording the land acquired.

Cost of land Answer

b. Record the journal entry on the date of the land's acquisition.
Note: Record your credit accounts in alphabetical order using the first letter of the account name.

In: Accounting

A stock pays a dividend of $50 at the end of the first year, with each...

A stock pays a dividend of $50 at the end of the first year, with each subsequent annual dividend being 5% greater than the preceding one. Mandy buys the stock at a price to earn effective annual yield of 10%. Immediately after receiving the 10th dividend, Mandy sells the stock for a price of P. Her effective annual yield over the 10-year period was 8%. Calculate P. (Answer $1,275.54)

In: Finance

A manager is looking at the number of sick days used by employees in a year....

A manager is looking at the number of sick days used by employees in a year.

H0: the average number is 8 or below

H1: the average is over 8

We know that the standard deviation of the number of sick days used by employees is 2, and we want to test at 10% significance level.

Say we took a random sample of 50 employees, and checked their records, and found that the average was 8.1

The manager figures that the critical value (z-sub-0.1) is 1.28.

What should be the decision?

A.

Employees are abusing their sick days

B. Reject H0

C. We have insufficient information to make a decision

D. Keep H0

In: Statistics and Probability

Prepare an income statement for the year ended April 30, 2019.

The revenues and expenses of Chickadee Travel Service for the year ended April 30, 2019, follow:

Fees earned $263,200

Miscellaneous expense 12,950

Office expense 63,000

Wages expense 131,700

Prepare an income statement for the year ended April 30, 2019.

In: Accounting

Assume that the one-year interest rate in the US is 4% and in the Eurozone is...

Assume that the one-year interest rate in the US is 4% and in the Eurozone is 6%. According to interest rate parity (IRP), What should the one-year forward premium or discount of the euro be (use of approximation is OK)? If the euro’s spot rate is $1.10, what should the one-year forward rate of the euro be?

In: Finance

Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions....

Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders’ equity during its first year of operations.

General Journal Debit Credit
a. Cash 310,000
Common Stock, $25 Par Value 230,000
Paid-In Capital in Excess of Par Value, Common Stock 80,000
b. Organization Expenses 190,000
Common Stock, $25 Par Value 130,000
Paid-In Capital in Excess of Par Value, Common Stock 60,000
c. Cash 43,000
Accounts Receivable 18,000
Building 82,400
Notes Payable 59,800
Common Stock, $25 Par Value 53,600
Paid-In Capital in Excess of Par Value, Common Stock 30,000
d. Cash 138,000
Common Stock, $25 Par Value 77,000
Paid-In Capital in Excess of Par Value, Common Stock 61,000


Required:
2. How many shares of common stock are outstanding at year-end?
3. What is the total paid-in capital at year-end?
4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $798,000? (include numerator and denominator for both)

part two

Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018.

Common stock—$25 par value, 100,000 shares authorized,
50,000 shares issued and outstanding
$ 1,250,000
Paid-in capital in excess of par value, common stock 70,000
Retained earnings 400,000
Total stockholders' equity $ 1,720,000


During 2019, the following transactions affected its stockholders’ equity accounts.

Jan. 2 Purchased 4,500 shares of its own stock at $20 cash per share.
Jan. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record.
Feb. 28 Paid the dividend declared on January 5.
July 6 Sold 1,688 of its treasury shares at $24 cash per share.
Aug. 22 Sold 2,812 of its treasury shares at $17 cash per share.
Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record.
Oct. 28 Paid the dividend declared on September 5.
Dec. 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.


Required:

1. Prepare journal entries to record each of these transactions.
2. Prepare a statement of retained earnings for the year ended December 31, 2019.
3. Prepare the stockholders’ equity section of the company’s balance sheet as of December 31, 2019.

part 3

At September 30, the end of Beijing Company’s third quarter, the following stockholders’ equity accounts are reported.

Common stock, $12 par value $ 360,000
Paid-in capital in excess of par value, common stock 100,000
Retained earnings 320,000


In the fourth quarter, the following entries related to its equity are recorded.

Date General Journal Debit Credit
Oct. 2 Retained Earnings 70,000
Common Dividend Payable 70,000
Oct. 25 Common Dividend Payable 70,000
Cash 70,000
Oct. 31 Retained Earnings 79,000
Common Stock Dividend Distributable 38,000
Paid-In Capital in Excess of Par Value, Common Stock 41,000
Nov. 5 Common Stock Dividend Distributable 38,000
Common Stock, $12 Par Value 38,000
Dec. 1 Memo—Change the title of the common stock
account to reflect the new par value of $4.
Dec. 31 Income Summary 250,000
Retained Earnings 250,000


Required:

2. Complete the following table showing the equity account balances at each indicated date.

In: Accounting

Put a JTextField in the north of the JFrame along with a JLabel that says: Year...

  1. Put a JTextField in the north of the JFrame along with a JLabel that says: Year

  2. Put a JSlider, vertically in the east side of the JFrame

    1. Have the JSlider range from 1990 to 2019
    2. Have the JSlider labeled Choose Year
    3. Add a ChangeListener to the JSlider
    4. Have the JSlider's value displayed in the TextField

    Hints

    1. to get the JSlider to be vertical, make the JSlider's orientation JSlider.VERTICAL.
    2. label the JSlider
      1. tell the JSlider to set the tick spacing:setMajorTickSpacing(4), and setMinorTickSpacing(2)
      2. tell the JSlider to make the tick marks show up: setPaintTicks(true)
      3. tell the JSlider to make the labels show up use setPaintLabels(true)
    3. for the changeListener to work, the class has to implement the ChangeListener interface. If the class implements more than one interface, they should be noted in a comma seperated list.
    4. the changeListener has to have a stateChanged method which takes a ChangeEvent object as an argument.
    5. The int returned by the slider can be converted to a string by concatenating it with the empty String as in:  "" + value
  3. Have typing in the TextField change the JSlider.

    Hints

    1. The value from the TextField is obtained as a String. To get an int use Integer.parseInt()
  4. Add JRadioButtons with labels that are color names

    1. Group the JRadioButtons into a ButtonGroup
    2. Hook your JRadioButtons to your program (use addActionListener()) so that the JFrame's background color is changed to the color chosen with the JRadioButton

    Hints

    1. The ButtonGroup just coordinates the buttons so, when one is pressed, the others turn off.
    2. Use setBackground() to set the JFrame's color. If setting the JFrame's color doesn't work for you, try setting the background color of each of the JPanels you have.

In: Computer Science

The data show the population (in thousands) for a recent year of a sample of cities...

The data show the population (in thousands) for a recent year of a sample of cities in South Carolina.

29 26 15   13   17 58
14 25 37   19   40 67
23 10 97   12 129
27 20 18 120   35
66 21 11   43   22

Source: U.S. Census Bureau.

Find the data value that corresponds to each percentile.

a. 40th percentile

b. 75th percentile

c. 90th percentile

d. 30th percentile

Using the same data, find the percentile corresponding to the given data value.

e. 27

f. 40

g. 58

h. 67

In: Math

There is a par 30 year, 6% bond. What is the % alteration, if the ytm...

There is a par 30 year, 6% bond. What is the % alteration, if the ytm alters by 2%? Do it with duration alone. Then, find the change, if you include convexity also. The convexity is 40.

Please show formula and show all work.

In: Finance