Questions
It is now January 1, 2018 and you are considering the purchase of an outstanding bond...

It is now January 1, 2018 and you are considering the purchase of an outstanding bond that was issued on January 1, 2016. It has an 8.5% annual coupon and had a 20-year original maturity. (It matures on December 31, 2035.) There is 5 years of call protection (until December 31, 2020), after which time it can be called at 106 - that is, at 106%. of par, or $1060.00. Interest rates have declined since it was issued, and it is now selling at 118.06% of par, or $1,180.60.
What is the yield to maturity?
What is the yield to call?

In: Finance

On January 1, 2020, Kingbird Inc. issued $350,000 of 6-year, 3% bonds to yield a market...

On January 1, 2020, Kingbird Inc. issued $350,000 of 6-year, 3% bonds to yield a market interest rate of 4%. Interest is paid every quarter on January 1, April 1, July 1, and October 1. Kingbird has a calendar year end. After recording the December 31, 2021 accrual for quarterly interest, and making the payment on January 1, 2022, all the bonds were redeemed at 101.

Prepare a bond amortization schedule for the first two years (8 interest periods)

In: Accounting

Which of the following is TRUE regarding changes to 2020 tax law for individuals? Employers may...

Which of the following is TRUE regarding changes to 2020 tax law for individuals?

Employers may pay up to $5,250 toward an employee's student loan principal and interest. This amount may be excluded from the employee's taxable income.

Individuals may claim up to $500 of charitable contributions as an above-the-line deduction.

Extended unemployment benefits are not taxable income.

A high-deductible health plan (HDHP) may only pay for remote medical care for COVID-19-related treatment after the plan deductible is met.

In: Accounting

The following accounts, among others, appeared on ZZ Company's balance sheet at January 1, 2020 and...

The following accounts, among others, appeared on ZZ Company's balance
sheet at January 1, 2020 and December 31, 2020:

                  January 1, 2020       December 31, 2020

Accounts receivable    48,000                63,000
Utilities payable      20,000                26,000
Notes payable          71,000                80,000
Common stock           30,000                90,000
Retained earnings      22,000                78,000

The following information was taken from ZZ Company's 2020 income
statement:

Sales revenue                   $500,000
Cost of goods sold               280,000
Other expenses                   120,000
Net income                      $100,000

Calculate the amount of cash collected from customers during 2020.

In: Accounting

The following accounts, among others, appeared on ZZ Company's balance sheet at January 1, 2020 and...

The following accounts, among others, appeared on ZZ Company's balance
sheet at January 1, 2020 and December 31, 2020:

                  January 1, 2020       December 31, 2020

Accounts receivable    48,000                63,000
Utilities payable      20,000                26,000
Notes payable          71,000                80,000
Common stock           30,000                90,000
Retained earnings      22,000                78,000

The following information was taken from ZZ Company's 2020 income
statement:

Sales revenue                   $500,000
Cost of goods sold               280,000
Other expenses                   120,000
Net income                      $100,000

Calculate the amount of cash collected from customers during 2020.

In: Accounting

One company had 25,000 common shares outstanding during all of 2020. It also had 10,000 cumulative...

One company had 25,000 common shares outstanding during all of 2020. It also had 10,000 cumulative preferred shares, issued in 2018 and crediting an annual dividend of $ 5 per share. The company did NOT declare a dividend in 2018, 2019 and 2020. There are also convertible bonds in circulation issued in 2019 whose interest expense for 2020 was $ 60,000. The bonds are convertible into 15,000 common shares. As of December 31, 2020, no bonds had been converted. The net income for 2020 was $ 150,000 and the tax rate is 25%.
Determine basic and diluted earnings per share for the year 2020.

In: Accounting

Carla Company sponsors a defined benefit pension plan. The corporation’s actuary provides the following information about...

Carla Company sponsors a defined benefit pension plan. The corporation’s actuary provides the following information about the plan.

January 1, 2020 December 31, 2020
Vested benefit obligation $1,480 $1,870
Accumulated benefit obligation 1,870 2,670
Projected benefit obligation 2,500 3,260
Plan assets (fair value) 1,690 2,630
Settlement rate and expected rate of return 10%
Pension asset/liability 810 ?
Service cost for the year 2020 400
Contributions (funding in 2020) 690
Benefits paid in 2020 200

Prepare a 2020 pension worksheet. (Enter all amounts as positive.)

CARLA COMPANY
Pension Worksheet—2020

General Journal Entries

Memo Record Entries

Items

Annual Pension
Expense

Cash

OCI— Gain/
Loss

Pension Asset/
Liability

Projected Benefit
Obligation

Plan
Assets

Balance, Jan. 1, 2020

$

$

$

$

$

$

Service cost
Interest cost
Actual return
Unexpected gain
Contributions
Benefits
Liability increase
Journal entry for 2020

$

$

Accumulated OCI, Dec. 31, 2019
Balance, Dec. 31, 2020

$

$

$

$

eTextbook and Media

List of Accounts

Prepare the journal entries at December 31, 2020, to record pension expense and related pension transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Dec. 31, 2020

eTextbook and Media

In: Accounting

Using JAVA and NETBEANS Assignment Content For this assignment, you will develop "starter" code. After you...

Using JAVA and NETBEANS

Assignment Content

  1. For this assignment, you will develop "starter" code. After you finish, your code should access an existing text file that you have created, create an input stream, read the contents of the text file, sort and store the contents of the text file into an ArrayList, then write the sorted contents via an output stream to a separate output text file.

    Copy and paste the following Java™ code into a JAVA source file in NetBeans:

    import java.io.BufferedReader;

    import java.io.BufferedWriter;

    public class Datasort {

    public static void main (String [] args) {

    File fin =     // input file

    File fout =   // create an out file

    // Java FileInputStream class obtains input bytes from a file

    FileInputStream fis = new FileInputStream(fin);     

    // buffering characters so as to provide for the efficient reading of characters, arrays, and lines

    BufferedReader in = new BufferedReader(new InputStreamReader(fis));

    // declare an array in-line, ready for the sort

    String aLine;

    ArrayList<String> al = new ArrayList<String> ();

    int i = 0;

    while ((aLine = in.readLine()) != null) {

    // set the sort for values is greater than 0

    Collections.sort(al);   // sorted content to the output file

    {

    System.out.println(s);             

    }

    // close the 2 files                       

    }

    }

    Add code as indicated in the comments.

    Note: Refer to this week's Individual assignment, "Week Three Analyze Assignment," and to Ch. 8, "IO," in OCP: Oracle® Certified Professional Java® SE 8 Programmer II Study Guide.

    Run and debug your modified program in NetBeans until it satisfies the requirements described above.

In: Computer Science

Multiple myeloma, or blood plasma cancer, is characterized by increased blood vessel formulation (angiogenesis) in the...

Multiple myeloma, or blood plasma cancer, is characterized by increased blood vessel formulation (angiogenesis) in the bone marrow that is a predictive factor in survival. One treatment approach used for multiple myeloma is stem cell transplantation with the patient's own stem cells. The data show below represents the bone marrow microvessel density for patients who has a complete response to the stem cell transplant (as measured by blood and urine tests). The measurements were taken immediately prior to the stem cell transplant and at the time the complete response was determined. Patient Before After 1 158 284 2 186 214 3 202 101 4 353 227 5 416 290 6 426 176 7 441 290

(a) At the 0.05 level of significance, is there evidence that the mean bone marrow microvessel density is higher before the stem cell transplant than after the stem cell transplant? (Be sure to include the null and alternate hypotheses as well as the value of the test statistic. State the decision rule used and write you conclusion in a complete sentence.)

(b) Interpret the meaning of the p-value in (a).

(c) Construct and interpret a 95% confidence interval estimate of the mean difference in bone marrow microvessel density before and after the stem cell transplant.

(d) What assumption is necessary about the population distribution in order to perform the test in (a)?

In: Statistics and Probability

The insulin pump is a device that delivers insulin to a diabetic patient at regular intervals....

The insulin pump is a device that delivers insulin to a diabetic patient at regular intervals. It presumably regulates insulin better that standard injections. However, data to establish this point are few, especially in children. The following study was set up to assess the effect of use of the insulin pump on HbgA1c, which is a long term marker of compliance with insulin protocol. In general, a normal range for HgbA1c is < 7%. Data were collected on 256 diabetic patients for 1 year before and after using the insulin pump. A subset of the data for 10 diabetic patients is given in the table below.

ID: HgbA1c i year before (%) HgbA1c 1 year after (%)

1. 6.7 7.0

2. 7.4 7.4

3. 9.2 8.6

4. 9.6 8.1

5. 7.4 6.8

6. 8.1 7.0

7. 10. 8 8.5

8. 7.1 7.7

9. 7.9 9.7

10. 10.8 7.7

Test the hypothesis that the measured HgbA1c 1 year after the insulin pump will be different from HgbA1c 1 year before thr insulin pump.Set your p - value to indicate statistical significance at ,0.05.

1. What is the null and alternative hypothesis

2. What is the means and standard deviation for each group

3. What is the alpha level, the df and whether it is one tail or two tail

In: Statistics and Probability