In 2006 the State of Indiana in the USA sold a 75-year concession to operate and maintain the East-West Toll Road. Before doing so, it commissioned a consulting report that estimated the value of the concession. Table 1 shows the forecasted cash flow from the toll road.

Calculate the present value of the concession using a discount rate of 6%. Cash flows are reported in Table 1 for each ten-year block up until 2066–2075 with the last block as five years (2076–2081). Assume in your calculations that cash flows are spread evenly during those blocks. Explain your calculations showing for each year the applicable discount rate and for each block the present value.

PS:please calculate in order to see and understand the PV for each block

What is the duration of a three-year bond with a 3% coupon rate and a 3% yield to maturity? (If necessary, you can assume the face value of the bond is $1,000.)

A nurse is caring for an 80-year-old patient who was admitted to the hospital with a diagnosis of dehydration. The patient stated he had been vomiting for 2 days and had been unable to take food or fluids. He has been healthy and currently takes only a diuretic for his blood pressure. On physical examination, the nurse notes that the patient’s skin is dry with decreased turgor, oral mucous membranes are dry, heart rate is 100, and blood pressure is 90/60. The patient’ urine is dark amber with a specific gravity of 1.028. His urine output was 30cc/hr for the past 4 hours since admission.

1. What type of renal failure is most often seen with dehydration? What signs and symptoms noted by the nurse are characteristic of renal failure?

2. If the blood pressure continued to drop in this patient and the patient developed acute tubular necrosis, what would happen to the kidney tubule?

3. What are the three phases of acute tubular necrosis? Identify two important nursing interventions for each phase.

Presented here are the accounts of

Town and Country RealtyTown and Country Realty

for the year ended

DecemberDecember

PrintDone

3131​,

20182018.

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​(Click the icon to view the​ accounts.)

Requirements

Requirement 1. Prepare

Town and Country Realty'sTown and Country Realty's

income statement.

Closing the Balances in The Variance Accounts at the End of the Year

Yohan Company has the following balances in its direct materials and direct labor variance accounts at year-end:

Unadjusted Cost of Goods Sold equals $1,600,000, unadjusted Work in Process equals $256,000, and unadjusted Finished Goods equals $230,000.

Required:

1. Assume that the ending balances in the variance accounts are immaterial and prepare the journal entries to close them to Cost of Goods Sold. Note: Close the variances with a debit balance first. If an amount box does not require an entry, leave it blank or enter "0".

What is the adjusted balance in Cost of Goods Sold after closing out the variances?

$

2. What if any ending balance in a variance account that exceeds $12,000 is considered material? (a) Close the immaterial variance accounts to Cost of Goods Sold. (b) Prorate the largest of the labor variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. (c) Prorate the largest of the material variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. The prime cost in Cost of Goods Sold is $1,050,000, the prime cost in Work in Process is $162,800, and the prime cost in Finished Goods is $130,000. If an amount box does not require an entry, leave it blank or enter "0".

Note: Round all interim calculations to three decimal places, and round your final answers to the nearest dollar. Adjust credit entry for rounding to ensure debits equal credits in journal entry.

What are the adjusted balances in Work in Process, Finished Goods, and Cost of Goods Sold after closing out all variances?

You are one of the three partners in RSM, an auditing firm. This year, RSM was engaged to audit year-end accounts and tax returns of a new and fast-growing engineering consulting company, CPEC. The business had started operations with only a few staff but now it has employees of over 100, still remaining below the size of a company which will require a compulsory audit by the government. During the course of the audit, you have discovered a significant increase in revenue this year compared to last year. Accordingly, your team investigated the increase and discovered a practice which your team believes is not in accordance with the financial reporting framework. Your team found out that one of the owners, who is also the managing director of CPEC, was doing consultancy services to some of his close friends. In effect, consultancy fees for these close friends were recorded as income of the company but not collected. They remain as collectibles of the company in the last five years and the company seem not to have any intention of collecting them. The accountant also have not written them off from the list of bad debts. This practice is also known to the other directors of the company. You have suspicions that this is done to increase the amount of revenue reported in the financial statements. Required: Explain your answer to the following questions: 1. Which fundamental ethical principles in ISA 200 will be affected in this scenario? You can explain more than one ethical principle, if applicable. 2. Is the practice dishonest? Explain your opinion. 3. Explain the impact of this scenario to your firm. 4. What could be the possible course of action?

on a certain amount of money, the difference between the compound interest of a year payable 4 times per year and the simple interest for a year is AED150. IF THE RATE OF INTEREST IN BOTH CASES IS 5% what is the value of this amount

The equity sections for Upperchurch Group at the beginning of the year (January 1) and end of the year (December 31) follow.

Stockholders’ Equity (January 1)

Common stock—$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding $ 500,000 Paid-in capital in excess of par value, common stock 75,000 Retained earnings 410,000 Total stockholders’ equity $ 985,000 Stockholders’ Equity (December 31) Common stock—$10 par value, 130,000 shares authorized, 55,520 shares issued, 4,000 shares in treasury $ 555,200 Paid-in capital in excess of par value, common stock 141,240 Retained earnings ($80,000 restricted by treasury stock) 740,000 1,436,440 Less cost of treasury stock (80,000 ) Total stockholders’ equity $ 1,356,440 The following transactions and events affected its equity during the year. Jan. 5 Declared a $1.80 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $1.80 per share cash dividend, payable on April 10. July 5 Declared a $1.80 per share cash dividend, payable on July 10. July 31 Declared a 12% stock dividend when the stock’s market value was $22 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $1.80 per share cash dividend, date of record October 10.

Record Journal Entries, Cash Dividends and Stock Dividends.

Before the year-end, a company is assessed $200,000 in additional taxes as a result of an IRS audit. The company's tax attorney believes that a settlement with the IRS can be reached for $110,000. Settlement has not been reached before the financial statements are issued.

Should the company disclose this matter in the footnotes to the company's financial statements at year-end?

Please reference the appropriate accounting standards or other professional pronouncements  

Value of a stock is currently at $40. Volatility of that stock is 30% per year and risk-free interest rate with
continuous compounding is at 5% per year. Suppose you are planning to value a 3-month European call
option with strike price at $41 using a two-step binomial model. Answer the following using this
information.

What is the value of the option at present?