Below, you are provided with values of several perfectly or near-perfectly liquid assets (before the transactions described below take place). Asset Value Savings Deposits $170 million Money Market Mutual Funds $40 million Travelers' Checks $5 million Currency and Coins $25 million Time Deposits $30 million Checking Deposits $240 million Suppose that households, on average, take $45 million out of their savings account balances and deposit those funds into their checking accounts. You will analyze the effect of these transactions on M1 and M2 in this assignment. Make sure to address the following issues/questions in your response: 1) Describe which of the two definitions of money (M1 or M2) is a stricter definition of money and why; 2) Calculate the value of M1 before and after the transactions described above; 3) Calculate the value of M2 before and after the transactions described above; 4) Identify whether M1 has grown, shrunk, or neither; and 5) Identify whether M2 has grown, shrunk, or neither.
In: Economics
A mass m = 17 kg is pulled along a horizontal floor with NO friction for a distance d =5.7 m. Then the mass is pulled up an incline that makes an angle θ = 34° with the horizontal and has a coefficient of kinetic friction μk = 0.38. The entire time the massless rope used to pull the block is pulled parallel to the incline at an angle of θ = 34° (thus on the incline it is parallel to the surface) and has a tension T =83 N.
What is the work done by tension before the block goes up the incline? (On the horizontal surface.)
What is the speed of the block right before it begins to travel up the incline?
What is the work done by friction after the block has traveled a distance x = 2.6 m up the incline? (Where x is measured along the incline.)
What is the work done by gravity after the block has traveled a distance x = 2.6 m up the incline? (Where x is measured along the incline.)
How far up the incline does the block travel before coming to rest? (Measured along the incline.)
In: Physics
Consider the titration of 100.00mL of 1.00 M H3PO4 with 1.00M NaOH. ka1= 7.5x10^-3, ka2= 6.2x10^-8, ka3= 4.2x10^-13 a. calculate the pH before any base is added. Hint: first write down the major species and pick out the strongest acid. b. calculate the pH after 25.00 mL of base is added C. calculate pH after 50.00mL base is added d. calculate pH after 100.0 mL base is added e. calculate pH after 150.00 mL base is added f. calculate pH after 200 mL base is added g. calculate pH after 225.00 mL base is added h. calculate pH after 250.00 ml base is added i. calcualte pH after 300.00 mL base is added j. calculate pH after 350.00 mL base is added please show work!!! so I can understand it
In: Chemistry
Cik Halimah is an entrepreneur who owned HD Cleaning Services Enterprise (HDCSE). Cik Halimah appointed you to manage the accounting records. You have been asked to complete part of the accounting cycle as she would apply for a bank loan. The following transactions had taken place in the first month (January 2020) of her business operation. 1 January The following assets were contributed by Cik Halimah into the business: Cash RM50,000 Furniture and Fitting RM40,000 Office Equipment RM14,000 2 Purchased office supplies from JD Enterprise for RM600 cash. 6 Hired a part time worker to assist Cik Halimah with a salary of RM1,200 per month. 8 Paid insurance premium for six (6) months period for RM2,500 cash. 11 Performed cleaning services to her customers and received RM10,000 cash. 13 Purchased a van for RM25,000 by paying RM14,000 cash and the remaining balance was on account. 16 Cik Halimah used RM5,500 of HDCSE’s money for her vacation. 17 Paid RM4,000 for the transaction on 13 January. 22 Paid RM1,500 for utility bills. 27 Performed services to customers of RM15,000 and received RM7,000 cash. The remaining balance will be received in February 2020. 28 One of the customers paid HDCSE of RM10,000 for the services to be performed in February 2020. 30 Paid salary for RM1,200. REQUIRED: (a) Record the journal entry/entries for the above transactions during the month of January 2020. (Explanation is not required). (b) Post all relevant cash journal entries to the Cash Account ledger. Determine the Cash Account balance after all postings are completed.
In: Accounting
Ms. Yuki is an entrepreneur who owned HO Cleaning Services Enterprise (HOCSE). Ms. Yuki appointed you to manage the accounting records. You have been asked to complete part of the accounting cycle as she would apply for a bank loan. The following transactions had taken place in the first month (January 2020) of her business operation.
1 January The following assets were contributed by Ms. Yuki into the business:
Cash RM50,000
Furniture and Fitting RM40,000
Office Equipment RM14,000
2 Purchased office supplies from JD Enterprise for RM600 cash.
6 Hired a part time worker to assist Ms. Yuki with a salary of RM1,200 per month
8 Paid insurance premium for six (6) months period for RM2,500 cash.
11 Performed cleaning services to her customers and received RM10,000 cash.
13 Purchased a van for RM25,000 by paying RM14,000 cash and the remaining balance was on account.
16 Ms. Yuki used RM5,500 of HOCSE’s money for her vacation.
17 Paid RM4,000 for the transaction on 13 January.
22 Paid RM1,500 for utility bills.
27 Performed services to customers of RM15,000 and received RM7,000 cash. The remaining balance will be received in February 2020
28 One of the customers paid HOCSE of RM10,000 for the services to be performed in February 2020.
30 Paid salary for RM1,200
Required:
(a) Record the journal entry/entries for the above transactions during the month of January 2020. (Explanation is not required).
(b) Post all relevant cash journal entries to the Cash Account ledger. Determine the Cash Account balance after all postings are completed
In: Accounting
Aliya works for an irrigation district that is considering two options for building new infrastructure to expand irrigation. The infrastructure won’t be built for 3 years (so, capital costs will be incurred in 2023). Option A is estimated to cost $5 million in 2020 dollars. It is anticipated that Option A infrastructure could be used for 5 years, then sold for $1 million (in 2028 dollars; this estimate does not need to be adjusted). Estimated additional revenues are $4.2 million per year, and estimated additional operating costs are $1 million per year (both in 2020 dollars). Option B is estimated to cost $8 million in 2020 dollars. Aliya anticipates that Option B could be used for 5 years, then sold for $0.5 million (also in 2028 dollars). Estimated additional revenues are $5.5 million per year, and estimated additional operating costs are $1.8 million per year (both in 2020 dollars). For both options: Capital cost annual inflation is estimated to be 3%. Future revenues and future operating costs are expected to rise at 2% per year. The combined federal and provincial incremental tax rate is 45%. Use a CCA depreciation rate of 45% and a discount rate of 10% (reflecting the MARR of the firm).
a) What is the gain or loss on disposal of Option A?
b) What is the gain or loss on disposal of Option B?
c) Determine the net present worth of the after-tax cash flow for each option, assuming 2023 is year 0.
d) Which option should Ying recommend, or should she recommend not to purchase either?
This is all the information I have, let me still know any specific information you need.
In: Finance
Ayayai House Inc. had the following condensed statement of financial position at December 31, 2019:
| AYAYAI HOUSE
INC. Statement of Financial Position December 31, 2019 |
|||||||
|---|---|---|---|---|---|---|---|
|
Cash |
$10,850 |
Current liabilities |
$15,200 | ||||
|
Current assets (non-cash) |
34,350 |
Long–term notes payable |
30,850 | ||||
|
Bond investment at amortized cost |
40,850 |
Bonds payable |
32,150 | ||||
|
Plant assets (net) |
58,200 |
Common shares |
80,850 | ||||
|
Land |
38,650 |
Retained earnings |
23,850 | ||||
| $182,900 | $182,900 | ||||||
Ayayai House Inc. follows IFRS and chooses to classify dividends
paid as financing activities and interest paid as operating
activities on the statement of cash flows.
During 2020, the following occurred:
| 1. | Ayayai House Inc. sold part of its investment portfolio in bonds for $16,700, resulting in a gain of $270. | |
| 2. | Dividends totalling $17,700 were paid to shareholders. | |
| 3. | A parcel of land, to be used as a parking lot, was purchased for $3,800. | |
| 4. | Common shares were issued for cash totalling $19,600. | |
| 5. | Bonds payable of $8,600 were retired at par. | |
| 6. | Equipment was purchased through the issuance of $26,000 of bonds. | |
| 7. | Net income for 2020 was $43,000 after allowing for depreciation on Ayayai House Inc.’s plant assets of $14,300. The amount of interest paid during 2020 was $4,340 and the amount of income taxes paid was $19,900. | |
| 8. | Both current assets (other than cash) and current liabilities remained at the same amount. |
Prepare a statement of cash flows for 2020 using the INDIRECT method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
In: Accounting
Aliya works for an irrigation district that is considering two options for building new infrastructure to expand irrigation. The infrastructure won’t be built for 3 years (so, capital costs will be incurred in 2023). Option A is estimated to cost $5 million in 2020 dollars. It is anticipated that Option A infrastructure could be used for 5 years, then sold for $1 million (in 2028 dollars; this estimate does not need to be adjusted). Estimated additional revenues are $4.2 million per year, and estimated additional operating costs are $1 million per year (both in 2020 dollars). Option B is estimated to cost $8 million in 2020 dollars. Aliya anticipates that Option B could be used for 5 years, then sold for $0.5 million (also in 2028 dollars). Estimated additional revenues are $5.5 million per year, and estimated additional operating costs are $1.8 million per year (both in 2020 dollars). For both options: Capital cost annual inflation is estimated to be 3%. Future revenues and future operating costs are expected to rise at 2% per year. The combined federal and provincial incremental tax rate is 45%. Use a CCA depreciation rate of 45% and a discount rate of 10% (reflecting the MARR of the firm).
a) What is the gain or loss on disposal of Option A?
b) What is the gain or loss on disposal of Option B?
c) Determine the net present worth of the after-tax cash flow for each option, assuming 2023 is year 0.
d) Which option should Ying recommend, or should she recommend not to purchase either?
This is all the information I have, let me still know any specific information you need.
In: Economics
Eureka Design Bhd entered into a contract to deliver one of its fixtures and fittings to Creative Landscaping Bhd on 1st July 2020. The contract requires Creative Landscaping to pay the contract price of RM30,000 in advance on 15th July 2020. Creative pays Eureka on 15th July 2020 and Eureka delivers the fixtures and fittings (with cost of RM19,000) on 31st July 2020.
Required:
i) Explain the 5-step of revenue recognition as outlined in MFRS 15 Revenue from Contract With Customers.
ii) Prepare the journal entry on 1st July 2020 for Eureka Design Bhd.
iii) Prepare the journal entry on 15th July 2020 for Eureka Design Bhd.
iv) Prepare the journal entry on 31st July 2020 for Eureka Design Bhd.
In: Accounting
PartA: Jan 1st, 2020: Tony Inc. buys a machine from Avengers Inc. and will make 3 equal payments of 200,000 over the next 18 months (payments on June 30, 2020; Dec 31, 2020; and June 30, 2021). The interest rate on this annuity is 14%. Record all the journal entries from Jan 1st 2020 until the expiration of the annuity. (4 points) Assume the machine does not depreciate.
Part B: Create the balance sheet as of December 31st, 2020 along with the income statement and cash flow statement for the time period of Jan 1st, 2020 to Dec 31st,2020 (6 points) (There might have a $1 rounding issue )
Thank you so much guys!!!
In: Accounting