The following information was taken from the accounting
records of JBD Company as of December 31, 2020:

Inventory .................   $17,000
Accounts Payable ..........   $36,000
Common Stock ..............   $78,000
Accounts Receivable .......   $11,000
Retained Earnings .........   $24,000 (at January 1, 2020)
Copyright .................   $20,000
Salaries Expense ..........   $28,000
Supplies ..................   $12,000
Mortgage payable ..........   $80,000 (due March 1, 2040)
Land ......................   $93,000
Notes Payable .............   $17,000 (due November 1, 2022) 
Trademark .................   $37,000
Sales Revenue .............   $97,000
Equipment .................   $85,000
Income Tax Expense ........   $10,000
Cost of Goods Sold ........   $45,000
Salaries Payable ..........      ?
Cash ......................      ?
Accumulated Depreciation ..      ?
Dividends .................      ?
Interest revenue ..........      ?

Additional information:
1)  Total current assets at December 31, 2020 are equal to
    30% of the total assets at December 31, 2020.

2)  20% of JBD’s 2020 net income was paid to stockholders
    as dividends.

3)  Total long-term liabilities at December 31, 2020 are
    equal to total current liabilities at December 31, 2020.

4)  Total equity at December 31, 2020 is equal to 35% of the
    total liabilities at December 31, 2020.

Calculate the balance in the accumulated depreciation account
at December 31, 2020.

Mayberry Investment Ltd. Price History

Question 1

Kindly calculate the Price Weighted Index for Mayberry Investment Ltd. and Value Weighted Index for Mayberry Investment Ltd ( Jamaica )

EFG Industries began operations with no beginning inventory on 10/1/2020. EFG adopted a Periodic inventory system and a FIFO cost flow assumption.
The following events occurred:
10/1/2020 Purchased 100 units @ $10/unit
10/15/2020 Returned 10 units for full refund
10/30/2020 Sold 60 units @ $14/unit FOB Shipping Point (shipped same day)
11/15/2020 Purchased 200 units @ $12/unit
11/18/2020 Sold 210 units @ $15/unit FOB Destination (arrived at customer 12/15)
12/12/2020 Purchased 100 units @ $14/unit
12/18/2020 Obtained $50 discount on 12/12 purchase
12/30/2020 Sold 50 units @ $16 FOB Destination (in transit at year end)
Based on this information,
1. What is the value of Ending Inventory?
2. What is the value of Cost of Goods Sold?
3. Prepare the adjusting journal enties that would be used to record Cost of Goods Sold on 12/31/2020.

On 1 June2020, Purchase Limited enters into a firm commitment Supply Limited to buy USD 100,000 of
inventory. On 1 July 2020, the Purchase Limited enters into a hedging arrangement which meets the hedge
accounting criteria stipulated by the accounting standards (Australian Accounting Standards Board (AASB) 9).
Purchase Limited has designated the firm commitment hedging arrangement as a fair value hedge. On 1 August
2020, Supply Limited transfers the inventory to Purchase Limited, and on that date, the Purchase Limited makes
the payment. The spot and forward rates are as follows.

Required:
a) Explain at least two determinants of determining an effectiveness of a hedge instrument against a
hedge
5 Marks
b) Provide journal entries to account for the hedged item (firm commitment to buy inventory) 8 Marks
i. On 1 June 2020
ii. On 30 June 2020
iii. On 1 August 2020
c) Provide journal entries to account for the hedge instrument (forward contract) 7 Marks
i. On 1 June 2020
ii. On 30 June 2020
iii. On 1 August 2020

4. Overhead Door (OD) Corporation’s founder, C. G. Johnson, invented the upward-lifting garage door in 1921 and the electric garage door opener in 1926. Since then OD has been a leading supplier of commercial, industrial, and residential garage doors sold through a nationwide network of more than 450 authorized distributors. They have built a solid reputation as a premier door supplier, commanding 15 % share of the market.

Suppose that customers assess door quality first in terms of the ease of operation, followed by its durability. The quality improvement team (QIT) might then assign an engineering team to determine the factors that contribute to these two main problems.

Smooth operation of a garage door is a critical quality characteristic that affects both problems: If a door is too heavy, it’s difficult and unsafe to balance and operate; if it’s too light, it tends to buckle and break down frequently or may not close properly.

Suppose the design engineers determine that a standard garage door should weigh a minimum of 74 kg. and a maximum of 86 kg., which thus specifies its design quality specification. QIT is inspecting if there is evidence that the percentage of defective doors does not exceed 7%. Suppose the QIT decides to collect data on the actual weights of 60 standard garage doors sampled randomly from their monthly production of almost 2,000 doors. See the tables on the next page.

4.1 (2 point) What is the sample defective rate ?

4.2 (2 points) Formulate and test an appropriate set of hypotheses to determine if the machine can be qualified. Use α = 0.05. Find the P-value.

4.3 (2 points) What is the 95% confidence interval?

4.4 (2 points) What is the 99% confidence interval?

Table 2:

Advise Linkitin Pty Ltd on sources of finance

Linkitin Pty Ltd is a new company with an interesting new service that shows great potential. However, the company needs more long-term finance to grow. Its founder, Chodar, is an expert in his area but he knows very little about business. He is currently the only shareholder of the company and has no family or friends that could provide further financing.

You have been asked to explain sources of long-term financing. You have decided to keep it simple and explain the difference between debt and equity and provide an example of each that would apply to a start-up business such as Linkitin.

Please provide step by step solution in excel (with formulas) Breaking Even Mountain Cycle specializes in making custom mountain bikes. The company founder, PJ Steffan, is having a hard time making the business profitable. Knowing that you have great business knowledge and solid financial sense, PJ has come to you for advice. Project Focus PJ would like you to determine how many bikes Mountain Cycle needs to sell per year to break even. Using Goal Seek in Excel solve using the following: Fixed cost equals $65,000 Variable cost equals $1,575 Bike price equals $2,500

Hi,

Working on a project in my group for class and I am having some issues

My part is current state of the business. It is a store and the annual sales are $460,000

Other info I have is:

Ownership and Compensation; Percent Ownership Personal Investment

Mitchell George, Founder & CEO 25% $125,000Katie Beauseigneur, COO 15% $75,000

Melissa Dunnells, CFO15% $75,000

Also, a medium coffee price from store is $3.75

Sarah Griffin, Marketing Officer 10% $50,000

Katharina Ferry, HR Director10% $50,000

Valerie Freeman, Board Memberand Angle Investor 10% , $125,000

Options pool 15%

Total 100%

Any info is helpful

Beech Bark Disease is a (mostly) fungal disease that was first observed in the US in NYC in the 1950's and is spreading south. It kills mature trees in as little as 5 years. As it spreads through the UGA Botanical Garden, the size of the beech population is reduced by 98%, leaving only the 2% of individuals that exhibit some resistance to the fungus. Over time the population increases to its original size. All of the individuals in the new population exhibit resistance to the fungus, but are more susceptible to root rot disease.

This story is an example of: (Mark all that apply or are described directly)