Is it possible for a seasonally adjusted series to increase if the non-seasonally adjusted series is decreasing? Explain.

b. Is it possible for a seasonally adjusted series to decrease if the non-seasonally adjusted series is increasing? Explain

Payroll. Canada. Payroll practitioners should be familiar with the different types of non-statutory deductions. List the four types of non-statutory deductions discussed in the material and give two examples for each.

Provide two examples of regular payments and two examples of non-regular payments. In your own words, explain the differences in the statutory withholding requirements between regular and non-regular payments..

Explain the difference between a parallel and non-parallel shift in interest rates. Then explain whether the duration matching hedging approach works for both a non-parallel and parallel shift interest rates.

Project Monitoring and Control Process Plan:
You have a Project Budget for building a five-bedroom house in Ashburn, VA. Assume that your building project is two months behind and has a $100,000.00 cost overrun. This should not be a surprise to you because of the monitoring processes. Identify and discuss some of the monitoring processes that could have alerted you of the schedule and cost problems. What are some of the controlling steps you would take to bring both the schedule and the cost back on track? Be sure to justify your answers. . Your Project Monitoring and Control Process Plan should be at least two pages including a summarization and conclusion page. If necessary, include data from the Project Budget and Project Schedule in the table shown below to support your schedule and cost problems.

1/ Arizona Desert Homes (ADH) constructed a new subdivision during 2017 and 2018 under contract with Cactus Development Co. Relevant data are summarized below:

ADH recognizes revenue upon completion of the contract.

What is the journal entry in 2018 to record revenue?

Multiple Choice

• Construction in progress	460,000
  Cost of construction	660,000
  Revenue from long-term contracts		1,120,000

• Accounts receivable	1,635,000
  Revenue from long-term contracts		1,635,000

• Construction in progress	1,350,000
  Cost of construction	1,920,000
  Revenue from long-term contracts		3,270,000

• Cost of construction	2,150,000
  Gross profit	1,120,000
  Revenue from long-term contracts		3,270,000

2/ On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,300,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $440,000 with the balance in two equal annual installments payable on December 15, 2019, and December 15, 2020. Ignore interest charges. Rigsby has a December 31 year-end.

In its December 31, 2018, balance sheet, Rigsby would report:

Multiple Choice

• Installment receivables (net) of $4,560,000.

• Installment receivables (net) of $3,009,600.

• Realized gross profit of $149,600.

• Deferred gross profit of $149,600

3/ Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay one-third of the sales price of a jet ski when they initially purchase the ski, and then pay another one-third each year for the next two years. Because Lake has little information about the ability to collect these receivables, it uses the cost recovery method to recognize revenue on these installment sales. In 2017, Lake began operations and sold jet skis with a total price of $750,000 that cost Lake $375,000. Lake collected $250,000 in 2017, $250,000 in 2018, and $250,000 in 2019 associated with those sales. In 2018, Lake sold jet skis with a total price of $1,200,000 that cost Lake $720,000. Lake collected $400,000 in 2018, $270,000 in 2019, and $270,000 in 2020 associated with those sales. In 2020, Lake also repossessed $260,000 of jet skis that were sold in 2018. Those jet skis had a fair value of $97,500 at the time they were repossessed.

In 2017, Lake would recognize realized gross profit of:

Multiple Choice

• $0.

• $250,000.

• $375,000.

• $125,000.

4/ Indiana Co. began a construction project in 2018 with a contract price of $161 million to be received when the project is completed in 2020. During 2018, Indiana incurred $36 million of costs and estimates an additional $89 million of costs to complete the project. Indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed.

Indiana:

Multiple Choice

• Recognized $72.00 million loss on the project in 2018.

• Recognized $36.00 million loss on the project in 2018.

• Recognized $10.37 million gross profit on the project in 2018.

• Recognized no gross profit or loss on the project in 2018.

On July​ 1, 2000, the New York Mets reached an agreement with Bobby Bonilla to defer the remaining​ $5.9 million on​ Bonilla’s contract​ (with interest), which would have otherwise been due to be paid immediately. The deferment agreement called for the salary to be paid in 25 equal​ installments, with the first payment being made on July​ 1, 2011. The agreement stipulated that the relevant interest rate applied to this deal would be​ 9%. Beginning on July​ 1, 2011​ (and every July 1 for the following 24​ years), how much was Bobby Bonilla paid by the​ Mets? In other​ words, what is the value of each annual salary​ installment? ​(Please note: The details of the above agreement have been altered slightly from the actual scenario presented in the weekly​ lecture.) The annual salary installment paid to Bobby Bonilla each​ year, beginning on July​ 1, 2011,​ is: ​$ nothing ​(round your answer to the nearest​ dollar)

The rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea over the same period it was 4.2%. Per capita real GDP was $28,900 in France in 2003, and $12,700 in Korea. Assume the growth rates for each country remain the same.

1. Compute the doubling time for France’s per capita real GDP.
2. Compute the doubling time for Korea’s per capita real GDP.
3. What will France’s per capita real GDP be in 2045?
4. What will Korea’s per capita real GDP be in 2045?

Data show that an average Canadian and American citizens hold CA $ 1500 and US 2000 of their currency respectively . Since money is bulky , it can be stolen , pays no interest and in general we do not see our fellow Canadians holding $ 1500 in where are these dollars and who is holding them ?

On January 1, 2000 an insurance company has a lump-sum of 450000 which is due to Linden as a life insurance death benefit. He (Linden) chooses to receive the benefit annually over a period of 20 years via equal size payments. The first payment is received on Dec. 31, 2000, and each subsequent payment is made at the end of each of the following years. The yearly benefit that Linden receives is based on valuing the lump-sum (i.e. the 450000) at an effective interest rate of 4% per year. However, the insurance company earns interest at an effective interest rate of 5% per year. Furthermore, every July 1 (the middle of the year) the company pays 500 in expenses and taxes to maintain the policy. At the end of the 20-year period, after the last payment is made to Linden, the company has X remaining. Calculate X. Give your answer rounded to the nearest whole number. Hint: You are basically subtracting out the “time-value” of the annual benefits and the “time value” of the taxes/fees from the “time-value” of the lump-sum.