Buch Company acquired a piece of equipment in Year 1 at a cost of $100,000. The equipment has a 10-year estimated life, zero salvage value, and is depreciated on a straight-line basis. Technological innovations take place in the industry in which the company operates in Year 3. Buch gathers the following information for this piece of equipment at the end of Year 3: Expected future undiscounted cash flows - $75,000 Present value of expected future cash flows - $55,000 Net selling price - $63,000 What is the impairment loss under U.S. GAAP? Question 8 options: $0.

$15,000.

$7,000.

$9,000.

What is the present value of the following annuity? 4083 every year at the end of the year for the next 7 years, discounted back tot he present at 17.61% per year, compounded annually?

The next patient to arrive is an 85 year old woman who was brought to the ED following three days of nausea, vomiting and diarrhea. 1. What electrolyte imbalances might the nurse expect to be present? What fluid imbalance is most likely present? 2. What are the nurse’s priority assessments to determine the presence of a fluid imbalance? 3. Given the patient’s symptoms, age, and the fluid imbalance that is likely present, what safety factors must the nurse consider when planning and delegating nursing care? 4. What acid/base imbalances might the nurse expect to be present and why? 5. Why are older adults particularly at risk for developing dehydration? 6. If IV fluids are ordered, what special precautions must be taken due to the patient’s age?

Silver Berhad is in the process of finalising the financial statements for the year ended 31 December 2018 and came across the following issues. Its profit after tax before the following adjustments is RM 1.65 million. The authorisation date for the financial statements is 31 March 2019.

(i)The tax rate applicable to the company has been changed from 26% to 25% on 15 January 2019. This new rate is announced to be applied starting for financial year 2019.

(ii)Major fire broke out in one of its factorieson 15 February 2019 and destroyed the inventory valuing RM50,000, the sale value of which is now nil.

(iii)A debtor that owes the company RM30,000 was declared bankrupt by the Insolvency Department on 6 January 2019.

(iv)The fairvalue of investment property held by the company at the reporting date was RM1.2 million. However, a major flood on 5 January 2019 has been affecting the value of this investment property. On 28 March 2019, an independent property valuer estimated that the fair value now has decreased to RM900,000.

Required:

(i)For each case, discuss the accounting treatment.

(ii)Determine the amount profit of Silver Berhad for the year ended 31 December 2018.

The draft accounts for the year ended 30 June 2015 and a balance sheet as at that date for Thomson are submitted to you. Towards the end of the financial year, her accountant resigned, and she had completed the records herself. He thinks that errors have occurred and asks for your help. An examination of the accounting records reveals the following Thomson is registered for GST.

Required;

1. Show the journal entries required to make the necessary adjustments.

1. Interest of $1920 on the investments held by the business was due but has not been received.
2. A payment of $4160 for the new office furniture has been incorrectly debited to the sundry expense account. The furniture has been incorrectly debited to the sundry expense account. The furniture has been purchased 30^th of June 2015
3. Rent due from customers Tim and bob amounting to $2560, plus GST, is not included in the accounts.
4. Repairs to Thompson private motor vehicle $1700 plus GST have been debited to the vehicle expenses account and GST receivable account.
5. Commission due to sales representatives for the month of June $4480, has been overlooked.
6. An insurance policy covering contents and buildings was taken out on 1^st March 2015, the annual premium of $2400 being paid in advance on this date and debited to the prepaid insurance account
7. A payment of $35 000 which occurred on 1 July 2018 for additions to buildings has been debited to Repairs and Maintenance.
8. No depreciation has been recognised for the year ending 30 June 2019. The draft balance sheet shows the following.

*Does not include additions to buildings in (7), nor adjustments for office furniture in (2) above.

(b) Buildings: 2% on cost

(c) Office furniture and equipment: 20% on cost

(d) Calculate the effect (increase or decrease) of each of the adjustments on the profit figure of $64 900 as shown in the draft accounts.

Assume that in a statistics class 48% of the students are in third year. Further, 49% of the students in third year are Male, and 53% of the students in a year other than third are Female.

A. If a student is randomly selected, what is the probability she is Female and is in third year?

B. If a student is randomly selected, what is the probability he is Male but not in third year?

C. If a student is randomly selected, what is the probability that he is Male?

D. Are the events Male and not in third year mutually exclusive? Explain.

E. Are the events Female and third year independent? Explain.

Question 61

You are going to withdraw $1,025 at the end of each year for the next three years from an account that pays interest at a rate of 7% compounded annually. The account balance will reduce to zero when the last withdrawal is made. How much money will be in the account immediately after the second withdrawal is made?

Select one or more:

a. $1,000.00

b. $2,000.00

c. $934.60

d. $925.93

e. $957.94

Question 62

If the rate at which you can invest is positive, the future value of $1 received today is more than $1.

Select one:

True

False

Question 63

The Johnson Company just paid an annual dividend of $1.85. How much would you be willing to pay for one share of Johnson Company stock if the dividend remains constant and you require a 9.5% rate of return?

Select one:

a. $19.47

b. $18.95

c. $17.78

d. $16.84

e. $16.00

Question 64

What is the market value of a bond that will pay a total of 21 annual coupons of $90 each over the remainder of its life? Assume the bond has a $1,000 face value and an 8%/year yield to maturity.

Select one:

a. $1,135.90

b. $1,100.17

c. $1,196.36

d. $1,192.07

e. $634.86

Question 65

For a project with an initial investment of $38,000 and cash inflows of $10,500 a year for five years, calculate NPV given a required return of 10.5%/year.

Select one:

a. $1,699

b. $1,103

c. $1,171

d. $655

e. $1,300

Is it possible for a monkey to create a 10-year portfolio return that exceeds the market rate of return? Explain.

Is a portfolio return in excess of the market rate a signal of successful portfolio management? Explain.

At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. What are the budget implications for Craig Kovar?

Craig can see that his present plan   sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $fill in the blank 918bcdf8d05207b_3   at the end of December, with no time left to adjust.

An Australian investor bought shares in British Telecom at the start of the year for £108 per share and sold them at the end of the year for £122 per share. During the year they paid a dividend of £9 per share. Over the year, the exchange rate went from A$1.84/£ to A$1.82/£. What was the total Australian dollar return, in percent, on this investment for the year?  (if your answer is 18.85%, please enter 0.1885, not 18.85%) An Australian investor bought shares in British Telecom at the start of the year for £108 per share and sold them at the end of the year for £122 per share. During the year they paid a dividend of £9 per share. Over the year, the exchange rate went from A$1.84/£ to A$1.82/£. What was the total Australian dollar return, in percent, on this investment for the year?  (if your answer is 18.85%, please enter 0.1885, not 18.85%)