You are running with a business since last many years. Over a period of time you have very good corporate image in market. But unfortunately since last two years your firm is passing through crisis. Your business is suffering from heavy losses. You are planning to wind up your business. Meanwhile one big corporate house has announced a big corporate deal through auction. You have also decided to take part in that deal as it will be a last option for you to save your business. On the day of auction, so many companies have participated for this bid. Committee would declare the result after lunch break. You found the closed envelope of your competitor’s bid during lunch break.

1. Will you be ethical in this situation? If yes how? And if no! Why?
2. If you be ethical, how you will survive your business.

The topic for the paper I need assistance on is the long term effects of the coronavirus on business and society.

A large number of businesses have closed, unemployment claims have risen to an all-time high, the US stock markets have tumbled in a manner not seen since the great depression, and all this is happening just a few months after we saw the economy achieve a series of all-time low unemployment records for different groups along with all-time high stock market averages.

With all these things in mind, my assignment is to select an industry that is of interest to you and then write a short essay on the changes that you believe will take place in that industry, its firms, the operating procedures of firms and possibly also in available jobs and job requirements. I was thinking small restaurant business industry,

I need assistance with this 500-word essay. Thank you!

Suppose the Indian central bank (RBI) increases its target overnight interest rate. In doing so it is clearly trying to increase interest rates in the money market (and throughout the economy).

(c) Suppose we could treat the Indian economy as a closed one. What effect will the results of the policy have on investment, on aggregate expenditure? Include diagrams in your answer.

(d) Although not as open to capital flows as Canada, we can think of India is an open economy. What additional effect will the policy have on aggregate expenditure?

(e) How will aggregate demand be affected, whether we treat the economy as closed or open?

There are 1000 mailboxes at a post office, numbered 1, 2, 3, …, 1000. There are also 1000 mailbox owners, one for each mailbox. At the start of the Mailbox Challenge, all mailboxes are closed and the owners open and close the mailboxes according to the following rules:

Owner 1 opens every mailbox.

Owner 2 closes every second mailbox; that is, lockers 2, 4, 6, 8, …, 1000.

Owner 3 changes the state of every third locker, closing it if it is open and

opening it if it is closed.

Owner n changes the state of every nth mailbox, etc.

When all the owners have taken their turns, how many mailboxes are open?

1- Suppose an individual receives $1000 per month in Social Security and the CPI rises by 2%. With indexation, what happens to the nominal payment and the real payment the following year?

2- The Radio Shack commercial from 1989 showed a cell phone that was sale priced at $799. What type(s) of problems with measuring consumer prices is illustrated by the cell phone example? Explain.

3- The Indicator from Planet Money reported that GDP fell by 32.9% in the second quarter of 2020. What value from the GDP calculations are they using to measure the growth rate? Did the economy really shrink by 32.9% in 3 months? Explain.

4- Suppose a winery purchases $25,000 of new barrels in 2020 to age the wine produced this year. They produce $80,000 worth of wine, sell $45,000 to households, export $15,000, and keep the rest in barrels to sell in 5 years after longer aging. How do each of these transactions affect total GDP and how is each counted in the components of GDP?

PART B

Quality Construction Company (QCC) successfully secured the contract to build a new community centre for the City of Burnaby. The total fixed contract price is $25.0 million.

The following schedule indicates (for the three-year period during which construction took place) the costs incurred to date, the estimated costs to complete the community centre complex, and the amount of cash received scheduled to be received from the City of Burnaby. According to normal practice in the industry, the final 10% of the contract price is not paid until a few months after the construction is completed.

Required:

Calculate the amount of revenue, costs and any other amounts that QCC should recognize in 2020 and 2021 using the percentage of completion method. Carry calculations of percentage completed to FOUR decimal places.

can you please solve this question as soon as possible. Thank you

Banjo Education Corp. issued a 4%, $150,000 bond that pays interest semiannually each June 30 and December 31. The date of issuance was January 1, 2020. The bonds mature after four years. The market interest rate was 6%. Banjo Education Corp.’s year-end is December 31.

Required

Preparation Component:

1. Calculate the issue price of the bond.

2. Prepare a general journal entry to record the issuance of the bonds.

3. Determine the total bond interest expense that will be recognized over the life of these bonds.

4. Prepare the first two years of an amortization table based on the effective interest method.

5. Present the journal entries Banjo would make to record the first two interest payments.

Analysis Component: Now assume that the market interest rate on January 1, 2020, was 3% instead of 6%. Without presenting any specific numbers, describe how this change would affect the amounts presented on Banjo’s financial statements.

JK Ltd enters into a non-cancellable five-year lease agreement with Burt Ltd on 1 July
2019.

The lease is for an item of machinery that, at the inception of the lease, has a fair value of
$647,192. The machinery is expected to have an economic life of six years, after which time
it will have an expected residual value of $105,000. There is a bargain purchase option that
JK Ltd will be able to exercise at the end of the fifth year for $140,000. There are to be five
annual payments of $175,000, the first being made on 30 June 2020. Included with $175,000
lease payments is an amount of $17,500 representing payment to the lessor for the insurance
maintenance of the equipment. The equipment is to be depreciated on a straight-line basis.

a. Determine the rate of interest implicit in the lease and calculate the present value of
the lease payments.
b. Prepare the journal entries in the books of JK Ltd for the years ending 30 June 2020
and 30 June 2021.
c. Prepare the portion of the statement of financial position for the year ending 30
June 2021 relating to the lease asset and lease liability.

Based on the following transactions, calculate the revenues, expenses, and net income that would be reported on (a) the cash basis and (b) the accrual basis:

• i. Inventory costing $70,000 was purchased on account.
• ii. Inventory costing $60,000 was sold for $100,000. Eighty percent of the sales were for cash.
• iii. Cash collected from credit customers (those who bought on account) totalled $20,000.
• iv. A lease was signed at the beginning of the year, requiring monthly payments of $1,000. The rent for the first month was paid when the lease was signed. After that, the $1,000 rent was paid on the last day of each month, to cover the following month.
• v. Supplies costing $5,500 were purchased for cash. At the end of the year, $500 of the supplies were still unused.
• vi. Wages of $37,500 were paid during the year. Also, wages of $500 remained unpaid at year end.

2. The company declared dividends of $7,000 on December 15, 2020, to be paid on January 15, 2021. Does this transaction affect Cash in 2020? How should it be recorded?