Soccer Inc. had credit sales of $775,000 during 2020. At the end of 2020, the unadjusted ending balance in Soccer’s Allowance for Bad Debt account was $7,600, and the unadjusted balance in its gross accounts receivable account was $239,000. Soccer uses the percent of sales method to determine bad debt expense. Based on historical data, Soccer assumes that 1.163% of credit sales will prove to be uncollectible. Additionally, the company has a policy of writing-off any Account Receivable which is outstanding more than 75 days. As of 12/31/20, Soccer has Accounts Receivable balances totaling $2,000 outstanding over 75 days which need to be written off.

**You may round your answers to the nearest dollar.

(A) What journal entry would Soccer record to "Write-Off" Accounts Receivable?

(B) What journal entry would Soccer record to recognize 2020 Bad Debt Expense?

(C) What is the adjusted 12/31/2020 balance of Soccer's Gross Accounts Receivable? *(Show each calculation)

(D) What is the adjusted 12/31/2020 balance of Soccer's Allowance for Bad Debt? *(Show each calculation)

(E) What is the adjusted 12/31/2020 balance of Soccer's Net Accounts Receivable? *(Show each calculation)

Which equity markets are more liquid, developed or emerging markets?

Which equity markets are more concentrated, developed or emerging markets?

What is cross-listing? Give an example of cross-listing. Explain three reasons for cross-listing.

What is ADR? Are ADRs of Toyota company denominated in US dollars or in Japanese Yen?

Are ADRs traded on US stock exchange or Japanese exchange?

Are dividends paid in US dollars or Yen?

Total risk of a security’s return could be decomposed into which two risk?

Why might systematic risk within a nation be nonsystematic and diversifiable outside the country?

Do emerging markets have higher or lower risk and return than developed markets? Which country has the highest equity return correlation with US?

Which has the lowest correlation with US?

What is the implication on international portfolio diversification?

What is home asset bias?

Give four possible reasons to explain home bias. Suppose you are considering making a large amount of equity investment, what motives you to buy domestic stocks, foreign stocks, or a combination of both?

The University of Danville is a private not-for-profit university that starts the current year with $700,000 in net assets: $400,000 without donor restrictions and $300,000 with donor restrictions. The $300,000 is composed of $200,000 with purpose restrictions and $100,000 that must be held permanently.

The following transactions occurred during the year.

1. Charged students $1.2 million for tuition and fees.
2. Received a donation of equity investments that had cost the owner $100,000 but is worth $300,000 currently. According to the terms of the gift, the university must hold the investments forever but can spend the dividends for any purpose. Any changes in the value of these securities must be held forever and cannot be spent.
3. Received a cash donation of $700,000 that must be spent to acquire laboratory equipment.
4. Awarded scholarships to students in the amount of $100,000.
5. Paid salary expenses of $149,000 (teaching), $80,000 (research), $50,000 (administrative), and $40,000 (fundraising).
6. Learned that a tenured faculty member is contributing his services for this year and will not accept his $80,000 salary. His time is 70 percent teaching and 30 percent research.
7. Spent $200,000 of the money in (c) on laboratory equipment. The donor had made no specifications about the recording of the acquisition. The equipment is used 80 percent of the time for research and 20 percent of the time for teaching.
8. Learned that the investments in (b) are worth $339,000 at the end of the year.
9. Received cash dividends of $9,000 on the investments in (b).
10. Computed depreciation expense for the year on the equipment in (g) as $32,000.
11. The school’s board of trustees votes to set aside $100,000 of previously unrestricted cash for the future purchase of library books.
12. Received an unconditional promise of $10,000 halfway through the year. The school expects to collect the money in three years. The $10,000 future payment has a present value of $7,513 based on a reasonable annual interest rate of 10 percent.
13. Received an art object as a gift. It is worth $70,000. For financial reporting, it qualifies as work of art/museum piece. The school prefers not to record such gifts unless required.
14. Paid utilities and other general expenses of $83,000 (teaching), $45,000 (research), $43,000 (fundraising), and $50,000 (administrative).
15. Received free services from alumni who come to campus each week and put books on the shelves in the library. Over the course of the year, the school would have paid $103,000 to have this work done.
16. Near the end of the year, the school received a pledge of $40,000 to be collected in two years. It is judged to be conditional and has a present value of $31,200.

Determine the end-of-year balances for net assets without donor restrictions and net assets with donor restrictions by creating a statement of activities for the period. The school has two program services: education and research. It also has two supporting services: fundraising and administration.

During this course you will design a program for a state university. The university needs a website design that will enable students to order books online. Each week you will receive additional instructions for the elements of the design based on the needs of the university. The elements will correspond with the concepts and skills you learn that week.

According to the university's website design request, students need to order five books, one for each of the five required courses that all students take. You need to design a program that will prompt students for the price of each book and display the total cost for the five books.

Create a 1- to 1 3/4-page document listing the steps needed to solve the problem using an algorithm, including the following:

• Identify the input needed
• Define what the input must do (i.e., the process)
• Show what the output must produce

Create a 1/2- to 1-page document of your pseudocode based on the algorithm, including the following:

• Write the pseudocode statement(s) for the input
• Write the pseudocode statement(s) for the process
• Write the pseudocode statement(s) for the output

Create a 1-page flowchart based on the algorithm, including the following:

• Mark the program's starting point
• Represent the input steps in the program
• Represent the process steps in the program
• Represent the output steps in the program
• Mark the program's ending point

The number of undergraduate students at the University of Winnipeg is approximately 9,000, while the University of Manitoba has approximately 27,000 undergraduate students. Suppose that, at each university, a simple random sample of 3% of the undergraduate students is selected and the following question is asked: “Do you approve of the provincial government’s decision to lift the tuition freeze?”. Suppose that, within each university, approximately 20% of undergraduate students favour this decision. What can be said about the sampling variability associated with the two sample proportions?
(A) The sample proportion for the U of W has less sampling variability than that for the U of M.

(B) The sample proportion for the U of W has more sampling variability that that for the U of M.

(C) The sample proportion for the U of W has approximately the same sampling variability as that for the U of M.

(D) It is impossible to make any statements about the sampling variability of the two sample proportions without taking many samples.

(E) It is impossible to make any statements about the sampling variability of the two sample proportions because the population sizes are different.

Could you explain why answer is (B)

On July 1, 2020, Yorkton Company purchased for $420,000 equipment having an estimated useful life of five years with an estimated residual value of $20,000. Depreciation is calculated to the nearest month. The company has a December 31 year-end.

Required:
Complete the following schedules: (Amount to be deducted should be indicated by a minus sign.)

In 2003, forty percent of the students at a major university were Business majors, 35% were Engineering majors and the rest of the students were majoring in other fields. In a sample of 600 students from the same university taken in 2004, two hundred were Business majors, 220 were Engineering majors and the remaining students in the sample were majoring in other fields. At 95% confidence, test to see whether there has been a significant change in the proportions between 2003 and 2004

Test statistic:

Explanation:

is it a

normal distribution, t distribution with 29 degrees of freedom, t-distribution with 70 degrees of freedom, Chi-square with 2 degrees of freedom, Chi-square with 1 degree of freedom

The heights of female students at a university follows Normal distribution with a mean 66 inches and a standard deviation 3 inches. A researcher randomly selects 36 female students from the university, surveys their heights and calculates a sample mean.

Now suppose that the population standard deviation is unknown. Also, the researcher calculate the sample standard deviation to be 3 inches.

a) What is the probability that the sample mean height is between 65 inches and 67 inches?

b) Instead of 36, suppose the sample size is 64 only for this sub-question. Then what is the probability that the sample mean height is between 65 inches and 67 inches?

Please answer in excel format if possible! And show the function! Thank youuuu

Numbers from this table are used in the next 3 questions.

1. What is the average annual inflation rate for consumers from 2020 to 2060?

Group of answer choices

a) less than 1%

b) between 1% and 1.5%

c) between 1.5% and 2.0%

d) between 2.0% and 2.5%

e) between 2.5% and 3.0%

f) between 3.0% and 3.5%

g) more than 3.5%

2. What is the average rate of economic growth from 2020 to 2060?

Group of answer choices

a) less than 1%

b) from 1.0% to 1.5%

c) from 1.5% to 2.0%

d) from 2.0% to 2.5%

e) from 2.5% to 3.0%

f) from 3.0% to 3.5%

g) more than 3.5%

3. What is the average rate of inflation for the economy from 2020 to 2080?

Group of answer choices

a) less than 1%

b) from 1.0% to 1.5%

c) from 1.5% to 2.0%

d) from 2.0% to 2.5%

e) from 2.5% to 3.0%

f) from 3.0% to 3.5%

g) more than 3.5%

4. The President and Congress control fiscal policy. They do not have a dual mandate like the Fed, but in the face of a recession, they are likely to change federal expenditures (government purchases of newly produced goods and transfers) and taxes. As a result of their actions during a recession, what is likely to happen to the federal deficit as a result?

Group of answer choices

a) decline

b) stay the same

c) increase

Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camerrand. The denomination of all transactions with these companies is alaries (AL), the Camerrand currency. During 2017, Benjamin acquires 45,000 widgets at a price of 8 alaries per widget. It will pay for them when it sells them. Currency exchange rates for 1 AL are as follows:

Assume that Benjamin acquired the widgets on December 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018?

Assume that Benjamin acquired the widgets on September 1, 2017, and made payment on December 1, 2017. What is the effect of the exchange rate fluctuations on reported income in 2017?

Assume that Benjamin acquired the widgets on September 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018?