1. On January​ 1, 2017, bonds with a face value of​ $94,000 were sold. The bonds mature on January​ 1, 2027. The face interest rate is​ 8% annually. The bonds pay interest semiannually on July 1 and January 1. The market rate of interest is​ 10% annually. What is the market price of the​ bonds? The present value of​ $1 for 20 periods at​ 5% is 0.377. The present value of an ordinary annuity of​ $1 for 20 periods at​ 5% is 12.462. The present value of​ $1 for 10 periods at​ 10% is 0.463. The present value of an ordinary annuity of​ $1 for 10 periods at​ 10% is 6.145.​ (Round your final answer to the nearest​ dollar.)

A.$94,000

B.​$82,295

C.​$66,627

D.$97,760

2.On the cash flow​ statement, the purchase and sale of bonds of other companies to be held for an extended time are reported​ as:

A.operating activities

B.financing activities

C.investing activities

D.would not appear on a cash flow statement

3.On April​ 1, 2016, Transportation Imbalance Company​ (TIC) purchased​ $5,000 of​ 6% bonds as alongminus−term investment to be held to maturity. TIC is a private corporation that elects to report its financial results in accordance with ASPE. Its year end is December 31 an Interest dates are April 1 and October 1. The bonds mature 36 months from the purchase date. The purchase price of the bonds was​ $5,120, and the premium is amortized on the straightminus−line basis. Assume the proper adjusting entry was made on December​ 31, 2016, to record accrued interest receivable and amortization of the premium. The total interest revenue recorded by Transportation Imbalance Company on April​ 1, 2017 will​ be:

A.​$72.50

B.​$150.00

C.​$75.00

D.​$65.00

4.Yukon Electrical Company owns all of the stock of Simmons Corporation and​ 80% of the stock of Iminus−Tek Corporation. In​ 2017, Yukon earned net income of​ $450,000, Simmons earned​ $120,000, and Iminus−Tek earned​ $180,000. Yukon's consolidated income statement would report consolidated net income​ of:

A.​$714,000

B.​$750,000

C.​$450,000

D.​$570,000

Students in a statistics class were asked which of three lifetime achievements they would most like to win: a Nobel Prize, an Academy Award, or an Olympic Gold Medal. They were also asked to indicate their gender. Results are shown in the following table: Female Male Nobel Prize 12 5 Academy Award 8 2 Olympic Gold Medal 10 18 Suppose that you were to conduct a chi-square test on these data. 1. State the appropriate null hypothesis in words. 2. Determine the expected count for women who would choose a Nobel Prize. 3. Report the value that you would you use for degrees of freedom with this test. 4. If the p-value turned out to be very small, what conclusion (in context) would you draw? 5. Even if this were a random sample from the population of all students at the university, one of the technical conditions of the chi-square test would still not be satisfied with these data. Explain.

Dr. Paddock is a counseling psychologist who is interested in decreasing adjustment issues in first-year college students. She is curious if having students create collages of their first few weeks of school and then mailing them home will help students feel they have integrated their new life with their old and, as a result, will help them feel less homesick. She samples a group of 100 incoming college freshmen at her university and measures how homesick they are during the first week of school. During Week 4 of school, she has them make the collage and send it home. During Week 7 of school, she measures their homesickness again. She notices a significant reduction in the amount of homesickness from the pretest to the posttest and concludes that her treatment is effective.

Name two threats to internal validity that are likely to be present in Dr. Paddock’s study, given her particular design. What other explanation do these threats provide for the results found by Dr. Paddock?

Explain/expand on what Keynes means by the terms speculation and enterprise (read the articleI) (copied and pasted below) Its a discussion board post,

These considerations should not lie beyond the purview of the economist. But they must be relegated to their right perspective. If I may be allowed to appropriate the term speculation for the activity of forecasting the psychology of the market, and the term enterprise for the activity of forecasting the prospective yield of assets over their whole life,(please dont just copy and paste this part) it is by no means always the case that speculation predominates over enterprise. As the organisation of investment markets improves, the risk of the predominance of speculation does, however, increase. In one of the greatest investment markets in the world, namely, New York, the influence of speculation (in the above sense) is enormous. Even outside the field of finance, Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be; and this national weakness finds its nemesis in the stock market. It is rare, one is told, for an American to invest, as many Englishmen still do, “for income”; and he will not readily purchase an investment except in the hope of capital appreciation. This is only another way of saying that, when he purchases an investment, the American is attaching his hopes, not so much to its prospective yield, as to a favourable change in the conventional basis of valuation, i.e. that he is, in the above sense, a speculator. Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. The measure of success attained by Wall Street, regarded as an institution of which the proper social purpose is to direct new investment into the most profitable channels in terms of future yield, cannot be claimed as one of the outstanding triumphs of laissez-faire capitalism — which is not surprising, if I am right in thinking that the best brains of Wall Street have been in fact directed towards a different object.

These tendencies are a scarcely avoidable outcome of our having successfully organised “liquid” investment markets. It is usually agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges. That the sins of the London Stock Exchange are less than those of Wall Street may be due, not so much to differences in national character, as to the fact that to the average Englishman Throgmorton Street is, compared with Wall Street to the average American, inaccessible and very expensive. The jobber’s “turn”, the high brokerage charges and the heavy transfer tax payable to the Exchequer, which attend dealings on the London Stock Exchange, sufficiently diminish the liquidity of the market (although the practice of fortnightly accounts operates the other way) to rule out a large proportion of the transactions characteristic of Wall Street.^[5] The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available, with a view to mitigating the predominance of speculation over enterprise in the United States.

The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be a useful remedy for our contemporary evils. For this would force the investor to direct his mind to the long-term prospects and to those only. But a little consideration of this expedient brings us up against a dilemma, and shows us how the liquidity of investment markets often facilitates, though it sometimes impedes, the course of new investment. For the fact that each individual investor flatters himself that his commitment is “liquid” (though this cannot be true for all investors collectively) calms his nerves and makes him much more willing to run a risk. If individual purchases of investments were rendered illiquid, this might seriously impede new investment, so long as alternative ways in which to hold his savings are available to the individual. This is the dilemma. So long as it is open to the individual to employ his wealth in hoarding or lending money, the alternative of purchasing actual capital assets cannot be rendered sufficiently attractive (especially to the man who does not manage the capital assets and knows very little about them), except by organising markets wherein these assets can be easily realised for money.

The only radical cure for the crises of confidence which afflict the economic life of the modern world would be to allow the individual no choice between consuming his income and ordering the production of the specific capital-asset which, even though it be on precarious evidence, impresses him as the most promising investment available to him. It might be that, at times when he was more than usually assailed by doubts concerning the future, he would turn in his perplexity towards more consumption and less new investment. But that would avoid the disastrous, cumulative and far-reaching repercussions of its being open to him, when thus assailed by doubts, to spend his income neither on the one nor on the other.

Those who have emphasised the social dangers of the hoarding of money have, of course, had something similar to the above in mind. But they have overlooked the possibility that the phenomenon can occur without any change, or at least any commensurate change, in the hoarding of money.

Assume that a highly controversial and publicly polarizing bill has been passed by the US House of Representatives and is currently up for vote in the US Senate. If the bill passes through the Senate, outline and describe the process by which the bill will become law, or not become law. If the bill becomes law, will it remain law forever?

Identify the three branches of government and describe how the separation of powers created by the three different branches can provide a system of checks and balances of the bill. Be sure to mention each branch of government and thoroughly describe each branch’s role in providing checks and balances to the action of the Senate. If the bill does in fact become law, generally describe what, if anything, states who may oppose the new law may do to counteract or abate the impact of the federal law.

We can all agree that we never want to go through a bankruptcy. However, it is in all of our best interests to truly understand the bankruptcy law and process. For this assignment, I would like you to read the following case and answer the questions presented. This may require that you do some research on bankruptcy. Remember, any sources you use must be cited and I do not want you to copy answers from the internet. Think about the situation and apply your knowledge, gained from your readings, to the questions. One to two paragraphs for each question.

Jane Doe, a teacher, obtained a master’s degree at Somewhere University (names have been changed). But when Doe asked for a transcript—which was required to receive an increase in salary from her school district—the university refused because she owed more than $6,000 in tuition. Doe offered to pay the nominal transcript fee, but not the tuition. She then filed a petition in a federal bankruptcy court, listing the university as her only creditor, and while the case was pending, again asked for a transcript. The university again refused unless she paid the tuition. Doe complained to the court, which ordered the university to provide a transcript. A federal district court affirmed the order. The university appealed.

The U.S. Court of Appeals for the Seventh Circuit affirmed. Doe had a right to a copy of her transcript, and the university’s refusal to honor that right until she paid her tuition was an act to collect a debt, in violation of the automatic stay. Property interests are created and defined by the law. Nothing in the Bankruptcy Code or other federal law creates or affects property rights in grades or the right to a transcript. No state statute applies either, but under the state’s common law, property rights may arise from custom. In the state, universities have consistently provided certified transcripts at or around cost. This indicates that providing a transcript is an implied part of the “educational contract,” covered by the tuition and other fees. Because a transcript is part of the package of goods and services that a college offers in exchange for tuition, a student has a property right to a certified copy. In this case, Doe was willing to pay the cost. The university’s only reason for refusing to provide the transcript was to induce Doe to pay her unpaid tuition. But the automatic stay prohibits a creditor from acting to collect a claim against a debtor that arose before the filing of a bankruptcy petition.

1. What actions might a college take to collect unpaid tuition that would not violate the Bankruptcy Code?

2. Does the longstanding existence of a custom—in this case, the nominal amount of the fee charged by a college for a transcript—mean that it cannot change?

3. To avoid conflicts such as the one in this case, could a college charge a student a high fee for a transcript—for example, one that would equal the amount of any unpaid tuition?
   
4. Suppose that instead of offering to pay for a transcript, Doe had tried to obtain one on credit. Would the university’s refusal to provide one on that basis have led to the same result? Why or why not?
   
5. Some might say that higher education institutions should be able to use all methods possible to collect unpaid tuition, including withholding certified grade transcripts. What ethical issues would this approach raise?

4. GR Inc is a US based MNC that conducts a part of its business in Singapore. Its US sales are denominated in US dollars while its sales in Singapore are denominated in Singaporean dollars. Its pro-forma income statement for the next year is shown below. Assume US Sales will be unaffected by the exchange rate. Also Assume the Singaporean dollar earning will be remitted to the US at the end of the period.

The average rate is USD 0.6956/ SGD and historical rate is USD 0.6684/SDG

i.        Show how the costs, revenue and earnings items would be affected by three possible exchange rate scenarios for Singaporean Dollar USD 0.7059, USD 0.6945 & USD 0.6864. Ascertain whether there is accounting gain or loss using current rate method?

ii) Prepare a consolidated Income Statement for GR Inc Company by using Temporal and monetary & non- monetary method.

(please solve it carefully)

thank you

GR Inc is a US based MNC that conducts a part of its business in Singapore. Its US sales are denominated in US dollars while its sales in Singapore are denominated in Singaporean dollars. Its pro-forma income statement for the next year is shown below. Assume US Sales will be unaffected by the exchange rate. Also Assume the Singaporean dollar earning will be remitted to the US at the end of the period.

The average rate is USD 0.6956/ SGD and historical rate is USD 0.6684/SDG

i.        Show how the costs, revenue and earnings items would be affected by three possible exchange rate scenarios for Singaporean Dollar USD 0.7059, USD 0.6945 & USD 0.6864. Ascertain whether there is accounting gain or loss using current rate method?   

ii) Prepare a consolidated Income Statement for GR Inc Company by using Temporal and monetary & non- monetary method.

please solve it carefully

thank you

Pick a company that has a significant amount of inventory on their balance sheet and read the inventory note(s) in the financial statements. Tell us what unique challenges they face in dealing with those inventories.

Please explain why Toyota and other Japanese car manufacturers moved their plants to US. Does this move qualify as transaction or economic exposure? How did it reduce FX volatility for the company?