can someone please check the code below? Thank you
Hunterville College Tuition
Design a program for Hunterville College. The current tuition is $20,000 per year. Allow the user to enter the rate the tuition increases each year. Display the tuition each year for the next 10 years.
For the programming problem, create the pseudocode and enter it below.
Enter pseudocode here
start
Declarations
num tuition
num year
num TOTAL_YEARS = 10
num INCREASE_RATE
num CURR_TUTION = 20000
housekeeping()
detailLoop()
finish()
stop
housekeeping( )
output “Enter rate the tuition will increase each year>”, INCREASE_RATE
return
detailLoop()
while year <= TOTAL_YEARS
tuition = tuition * (1 + INCREASE_RATE)
output “In”, TOTAL_YEARS, “year(s) the tuition will be”, tuition
year = year + 1
endwhile
return
finish()
output “End of program”
return
In: Computer Science
3) Magic Co. holds 100% of the outstanding common stock of Jonson Co. and would like to prepare year-end (December 31, Year 2) consolidated financial statements. The separate financial statements of Magic Co. are prepared for fiscal year ending December 31, Year 2. Jonson Co. reports its separate financial statements for the fiscal year ending June 30, Year 1.
Research and cite a specific paragraph in the Accounting Standard Codification that can help Magic Co. to determine whether it can use the financial statements of Jonson Co. (from June 30, Year 1) for preparing the consolidated financial statements for the fiscal year ending December, 31, Year 2, without any adjustments. Unless specifically requested, your response should not cite implementation guidance and illustrations.
FASB ASC - - -
In: Accounting
can someone please check the code below? Thank you
Hunterville College Tuition
Design a program for Hunterville College. The current tuition is $20,000 per year. Allow the user to enter the rate the tuition increases each year. Display the tuition each year for the next 10 years.
For the programming problem, create the pseudocode and enter it below.
Enter pseudocode here
start
Declarations
num tuition
num year
num TOTAL_YEARS = 10
num INCREASE_RATE
num CURR_TUTION = 20000
housekeeping()
detailLoop()
finish()
stop
housekeeping( )
output “Enter rate the tuition will increase each year>”, INCREASE_RATE
return
detailLoop()
while year <= TOTAL_YEARS
tuition = tuition * (1 + INCREASE_RATE)
output “In”, TOTAL_YEARS, “year(s) the tuition will be”, tuition
year = year + 1
endwhile
return
finish()
output “End of program”
return
In: Computer Science
If Tony deposits $1,000 three years from now and then increases the deposit by $500 each year through year 10, calculate the amount that will be in the account in year 10 at an interest rate of 10% per year.
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Assume the free cash flows of an investment, with a 13% discount rate, are $100 in year 1, $120 in year 2. $150 in year 3, and will grow 3% in perpetuity after year 3. (show work)
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4. Find the Discounted Payback period for the following projects.
The discount rate is 7%.
Initial Outlay 17,827
Year 1 5917
Year 2 5484
Year 3 5968
Year 4 8405
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The following information relates to a company’s accounts receivable: gross accounts receivable balance at the beginning of the year, $300,000; allowance for uncollectible accounts at the beginning of the year, $25,000 (credit balance); credit sales during the year, $1,500,000; accounts receivable written off during the year, $16,000; cash collections from customers, $1,450,000. Assuming the company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable.
1. Calculate bad debt expense for the year. ( Please show how to do this step first)
2. Calculate the year-end balance in the allowance for uncollectible accounts.
In: Accounting
Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.
a. $400 per year for 12 years at 8%
b. $200 per year for 6 years at 4%.
c. $600 per year for 6 years at 0%.
d. Rework parts a, b, and c assuming they are annuities due.
-Future value of $400 per year for 12 years at 8%:
-Future value of $200 per year for 6 years at 4%:
-Future value of $600 per year for 6 years at 0%
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A. Please use the the following information for a and b: The current four-year interest rate is 6.25% The current one-year interest rate is 3.0% The expected one-year rate for one year from now is 5.0% The expected one-year rate for two years from now is 6.5% a. Assuming the Expections Hypothesis is correct, what is the expected one-year rate for three years from now? (6 Points) b. Assuming the Liquidity Premium Theory is correct, and, if the expected one year rate is 4.57% three years from now, what is the Liquidity Premium? (6 Points)
In: Economics
Consider a 4-year, 5% annual coupon bond with a face value of $10,000, which was issued three years ago. The bond just paid the coupon. Therefore, this bond has one year to maturity, and the next payment of the face and coupon will be made in exactly one year, after which the bond will cease to exist. If the bond defaults before next year, it will pay total of $8,000 in one year. The effective 1-year risk-free rate is 3.55%. If the bond is currently selling at $9,501.50, compute the risk-neutral probability that the bond will default within one year..
In: Accounting