1. Under what circumstances would it be advisable to borrow money to take a cash discount?

2. Discuss the relative use of credit between large and small firms. Which group is generally in the net creditor position, and why?

3. How have new banking laws influenced competition?

4. What is the prime interest rate? How does the average bank customer fare in regard to the prime interest rate?

5. What does LIBOR mean? Is LIBOR normally higher or lower than the

U.S. prime interest rate?

6. What advantages do compensating balances have for banks? Are the advantages to banks necessarily disadvantages to corporate borrowers?

• Commercial paper may show up on corporate balance sheets as either

a current asset or a current liability. Explain this statement.

7. What are the advantages of commercial paper in comparison with bank borrowing at the prime rate? What is a disadvantage?

8. What is the difference between pledging accounts receivable and factoring accounts receivable?

9. What is an asset-backed public offering?

• Briefly discuss three types of lender control used in inventory financing.

10. What is meant by hedging in the financial futures market to offset interest rate risks?

The treasurer for Pittsburgh Iron Works wishes to use financial futures to hedge her interest rate exposure. She will sell five Treasury futures contracts at $138,000 per contract. It is July and the contracts must be closed out in December of this year. Long-term interest rates are currently 13.3 percent. If they increase to 14.5 percent, assume the value of the contracts will go down by 5 percent. Also if interest rates do increase by 1.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $53,000. This expense, of course, will be separate from the futures contracts.

         a.      What will be the profit or loss on the futures contract if interest rates go to 14.5 percent by December when the contract is closed out?

         b.      Explain why a profit or loss took place on the futures contracts.

         c.      After considering the hedging in part a, what is the net cost to the firm of the increased interest expense of $53,000? What percent of this $53,000 cost did the treasurer effectively hedge away?

         d.      Indicate whether there would be a profit or loss on the futures contracts if interest rates dropped.

First, sort the data.

Second, build a GFDT for this table with a classwidth of 5.
(Be sure your lower class limits are multiples of the classwidth.)
Next, answer the following questions about the data set:
1. What is the first lower class limit in your GFDT (given the classwidth of 5)?
2. Express the third class as a closed interval, i.e., [a,b][a,b].
3. Give the frequency for the third class.
4. What is the (arithmetic) mean for this data (report accurate to one decimal place)?
5. Using the GFDT, what is the mode for this data set (use the appropriate definition for mode)?(take the class with the biggest frequency [40,44], and apply the following formula (Lower class limit+Upper class limit)/2
6. What is the standard deviation for this data (report accurate to two decimal places)?
7. What is the five number summary for this data set (separate numbers with a comma)?
8. What is the IQR?
9. What usual score (i.e., non-outlier) has the largest positive z-score less than z=2z=2? (Give the data value, not the z-score.)
10. Give the fences---this would suggest something other than z-scores---for the mild outliers at the maximal end of the data set; report as a closed interval, i.e., [upper mild fence, upper extreme fence].

Need help with solving this problem, please dummy it down for me I would also like to know how to solve it. Please provide answers thanks!

The user is going to cin a whole bunch of regular text. You store each word based on its first letter. Print out all the words they used by letter. Strip all punctuation and uncapitalize everything. :

- Project set up with stl includes, correct files, and turned in correctly. (Zipped project with no inner debug folder.)

- Basic data structure made. This requires at least two connected containers. More is okay if it makes sense to you, but no way this works with just one. Be sure to comment how it works so I understand it.

- Program planned out in English in inline comments in main. Think of it as you could read this to a programmer and they could do your homework for you. No code details belong in an outline; the person you are reading it to might not use C++. Fell free to mutter to yourself. You need someone else to understand what to do. But do not just comment every line; they know how to write in whatever language they choose. Don't forget - you can use any resource here short of other people and copying code of the internet. But if you can't remember how to use cin to pull words off a sentence, look it up. In the first page of search results I see three different ways to do it. No I'm not saying what they are.

- Parsing sentence down to words works

- Putting in your data structure works

- Removing punctuation and capital letters

Input: I asked my doctor how long I had to live. She said five. I said "Five what?" She said four...

Output: A asked B C D doctor E F five five four G H how had I I I I J K L long live M my N O P Q R S she said said she said T to U V W what X Y Z

Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available information follows:

1. The inventory at January 1, 2019, had a retail value of $50,000 and a cost of $36,200 based on the conventional retail method.
2. Transactions during 2019 were as follows:

Sales to employees are recorded net of discounts.

3. The retail value of the December 31, 2020, inventory was $104,325, the cost-to-retail percentage for 2020 under the LIFO retail method was 70%, and the appropriate price index was 107% of the January 1, 2020, price level.
4. The retail value of the December 31, 2021, inventory was $53,350, the cost-to-retail percentage for 2021 under the LIFO retail method was 69%, and the appropriate price index was 110% of the January 1, 2020, price level.

Required:
3. Assume Raleigh Department Store adopts the dollar-value LIFO retail method on January 1, 2020. Estimating ending inventory for 2020 and 2021.

The cash account for Corey’s Construction Company at August 31, 2020, indicated a book balance of $19,885. The bank statement received by the company indicated a balance of $39,473.63 as at August 31, 2020. A comparison of the bank statement and the accompanying cancelled cheques and memos with the records revealed the following:

1. A deposit of $6,794.62 was received by the bank on August 31 after the bank statement was prepared.

2. Cheques #251 for $1,200 and #260 for $1,333.25 were not presented to the bank for encashment as at August 31, 2020.
3. The bank erroneously debited a cheque drawn Corey’s Construction as $16,000 instead of $1,600.

4. The company’s accountant recorded a $3,500.00 cheque for payment of accounts payables as $35,000

5. The bank credited a deposit of $200 as $2,000 to Corey’s Construction account.
6. A cheque for $13,500 from a customer Ali Woods was returned for insufficient funds. The bank charged $50 for Wood’s NSF cheque. The company’s policy states that the bank charges associated with NSF cheques are to be recovered from the customer.
7. A note was collected by the bank of $21,000 on August 31 which included interest of $1,500.

8. A debit memo from the bank showed service charge amounting to $2,500 as at August 31, 2020.

Required:

1. Prepare the necessary journal entries for Corey’s Construction Company at August 31, 2020.

2. Prepare Corey’s Construction Company adjusted cash book to be included in the balance sheet for August 31^st. 2020.

3. Prepare Corey’s Construction Company bank reconciliation statement for August 31, 2020

QUESTION 2

1. Noor Corp.'s statements of financial position at December 31, 2020 and 2019 and information relating to 2020 activities are presented below:

       December 31, ___

      2020                       2019

   Assets

            Cash.............................................................................................    $ 110,000               $ 50,000

            Temporary investments.................................................................          150,000                            —

            Accounts receivable (net)..............................................................          255,000                255,000

            Inventory......................................................................................       345,000                300,000

            Long-term investments..................................................................       100,000                150,000

            Property, plant and equipment......................................................      850,000                500,000

            Accumulated depreciation............................................................       (225,000)             (225,000)

            Goodwill.......................................................................................             45,000                   50,000

                      Total assets............................................................................   $ 1,630,000         $ 1,080,000

   Liabilities and Shareholders' Equity

            Accounts payable..........................................................................       $ 415,000             $ 360,000

            Long-term note payable................................................................          145,000                            —

            Common shares............................................................................          600,000                475,000

            Retained earnings.........................................................................          470,000                245,000

                      Total liabilities and shareholders' equity................................   $ 1,630,000         $ 1,080,000

   Other information relating to 2020 activities:

   1.      Net income was $ 375,000.

   2.      Cash dividends of $ 150,000 were declared and paid.

   3.      Equipment costing $ 250,000, with a book value of $ 80,000, was sold for $ 90,000.

   4.      A long-term investment was sold for $ 80,000. There were no other transactions affecting long-term investments.

   5.      5,000 common shares were issued for $ 25 a share.

   6.      Temporary investments consist of treasury bills maturing on June 30, 2020

   Required

   A. Calculate the cash used in investing activities in 2020

   B. Calculate the cash provided by financing activities in 2020

Zdon Inc. reports an accounting income of $105,000 for 2020, its first year of operations. The following items cause taxable income to be different than income reported on the financial statements.1- Capital cost allowance (on the tax return) is greater than depreciation on the income statement by $16,000. 2- Rent revenue reported on the tax return in $24,000 higher than rent revenue reported on the income statement. 3- non-deductible fines appear as an expense of $15,000 on the income statement. 4- Zdon's tax rate is 30% for all years and the company expects to report taxable income in all future years. Zdon report under IFRS

Instructions:

a. Calculate taxable income and income tax payable for 2020.

b. Calculate any deferred tax balances at December 31, 2020.

c. Prepare the journal entries to record income taxes for 2020.

d. Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income tax"

e. reconcile the statutory and effective rates of income tax for 2020. Round rates to one decimal place.

f. Provide the SFP presentation for any resulting deferred tax accounts at December 31, 2020. Be specific about the classification.

g. Repeat part (f) assuming Zdon follow ASPE

1.

a) Anaylze the flow of units:

b) Compute equivalent units:

c)Compute the per units:

d)The value of Goods-inProcess in the cutting Department on 1/31/2020:

e)The value of Goods-In-Process transferred to the Stiching Department is:

On March 1, 2020, Reed hired a contractor to construct a new office building. The construction work commenced on April 1, 2020, and it is expected to continue through July 31, 2022, the estimated completion date. Reed made progress payments to the contractor in 2020 as follows:

As stated in A5 above, Reed took a 1-year, 9%, $225,000 construction loan to help fund the work on this project. The company also has a 6-year, 5%, $559,165 loan that is not related to the construction project. Give the adjusting entry needed at December 31, 2020 to record the capitalization of interest for this project.

(A5)The Notes Payable balance of $784,165 results from two loans the company has taken. On September 1, 2019, Reed took a 6-year, 5%, $559,165 loan. The interest on this loan is payable annually, on each August 31. Also, on April 1, 2020, Reed took a 1-year, 9%, $225,000 construction loan (see A7 below). The interest on the construction loan is payable on the loan’s maturity date, March 31, 2021. (Note – Reed already recorded the interest paid on these loans in 2020. For this adjustment, consider any accrued interest on the loans at the December 31, 2020 reporting date.)

Ayayai Windows manufactures and sells custom storm windows for three-season porches. Ayayai also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Ayayai enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,480 and chooses Ayayai to do the installation. Ayayai charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Ayayai $2,010 (which equals the standalone selling price of the windows, which have a cost of $1,140) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Ayayai completes installation on October 15, 2020, and the customer pays the balance due.

Prepare the journal entries for Ayayai in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round answer to 0 decimal places, e.g. 5,125.)