On March 15, 2018, the price of a T-bill maturing on Sep 15, 2018 is $97.28, the price of a T-bill with maturity on March 15, 2019 is $97.67, and the price of a semiannual coupon (coupon rate 3.75%) treasury note that will mature on Sep 15, 2019 is $99.97. What is the price of a stripe with maturity on Sep 15 of 2019?
In: Finance
The extracted financial information of Ilya Trading for 2019 and 2018 are presented below:
|
2019 |
2018 |
|
|
RM |
RM |
|
|
Fixed Assets |
7,288 |
5,870 |
|
Current Assets |
17,693 |
16,357 |
|
Current Liabilities |
9,829 |
9,027 |
|
Long Term Liabilities |
1,509 |
583 |
|
Share Capital |
4,965 |
4,965 |
|
Retained Profit |
8,678 |
7,652 |
|
Sales |
35,395 |
40,192 |
|
Net Profit |
1,801 |
2,149 |
Required:
In: Accounting
The Murdock Corporation reported the following balance sheet
data for 2018 and 2017:
| 2018 | 2017 | |||||||
| Cash | $ | 82,925 | $ | 25,955 | ||||
| Available-for-sale debt securities (not cash equivalents) | 18,000 | 90,000 | ||||||
| Accounts receivable | 85,000 | 72,750 | ||||||
| Inventory | 170,000 | 149,500 | ||||||
| Prepaid insurance | 1,950 | 2,500 | ||||||
| Land, buildings, and equipment | 1,260,000 | 1,130,000 | ||||||
| Accumulated depreciation | (615,000 | ) | (577,000 | ) | ||||
| Total assets | $ | 1,002,875 | $ | 893,705 | ||||
| Accounts payable | $ | 80,840 | $ | 153,670 | ||||
| Salaries payable | 22,000 | 27,000 | ||||||
| Notes payable (current) | 29,500 | 80,000 | ||||||
| Bonds payable | 205,000 | 0 | ||||||
| Common stock | 300,000 | 300,000 | ||||||
| Retained earnings | 365,535 | 333,035 | ||||||
| Total liabilities and shareholders' equity | $ | 1,002,875 | $ | 893,705 | ||||
Additional information for 2018:
(1.) Sold available-for-sale debt securities costing $72,000 for $77,000.
(2.) Equipment costing $20,000 with a book value of $5,500 was sold for $6,750.
(3.) Issued 6% bonds payable at face value, $205,000.
(4.) Purchased new equipment for $150,000 cash.
(5.) Paid cash dividends of $22,500.
(6.) Net income was $55,000.
Required:
Prepare a statement of cash flows for 2018 in good form using the
indirect method for cash flows from operating activities.
(Amounts to be deducted should be indicated with a minus
sign.)
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In: Accounting
Ian retired in June 2018 at the age of 69 (he turned 70 in August 2018). Ian’s retirement account was valued at $555,000 at the end of 2017 and $570,000 at the end of 2018. He has had all of his retirement accounts open for 15 years. What is Ian’s required minimum distribution for 2019 under each of the following alternative scenarios?
In: Accounting
A student makes three plots of their data and finds that a plot of [A] vs t is non-linear, a plot of ln[A] vs t is non-linear, and a plot of 1/[A] vs t is linear. What is the rate law of the reaction?
In: Chemistry
Since the end of The Mandalorian, 65% of parents (N=100) and 46% of non-parents (N=100) are subscribed to Disney+. Test the null hypothesis that parents and non-parents are equally likely to subscribe to Disney+ (alpha=0.05).
In: Statistics and Probability
Since the end of The Mandalorian, 65% of parents (N=100) and 46% of non-parents (N=100) are subscribed to Disney+. Test the null hypothesis that parents and non-parents are equally likely to subscribe to Disney+ (alpha=0.05).
In: Statistics and Probability
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In: Accounting
In: Finance
Analyse and discuss how each of the below accounting methods provide management with ability to influence profit of the company. Provide examples.
Uncollectible accounts
Inventory
Depreciation
Depletion
Amortization
Non-operational and non-recurring items
In: Accounting