Suppose it is known that among all public colleges and universities, 19.7% of them are planning to move their summer 2020 classes online . If a simple random sample of 207 public colleges and universities is selected and the proportion p hat of this sample who are planning to move their summer 2020 classes online determined, if appropriate describe completely the sampling distribution of p hat.

Economists at the Reserve Bank of Australia (Australia's central bank) forecast that between 2020 and 2040 the country's nominal GDP will grow by 5% each year. They also predict that the country's debt will grow by 6% between 2020 and 2030 and then will remain unchanged between 2030 and 2040. What do these predictions imply for Australia's debt-to-GDP ratio in 2030 and 2040?

in 2018, camrim corporation purchases 1,000 shares of tresury stock for $11 per share. in 2019 camrim reissues 110 shares of the tresury stock for $13 per share. in 2020, camrim reissues 440 shares of its tresury stock for $8 per share. the journal entry to record the reissuance of tresury stock year 2020 will debit retained earnigns for $______

ABC company acquires and places in service two assets in March 2020: a forklift (7-year class asset) at a cost of 5000, and a truck (5-year class asset) at a cost of $12000. What is ABC's cost recovery deduction in 2020? Assume ABC is a calendar year taxpayer and does not take Sec.179 expense or first-year bonus depreciation.

Pharoah company has 6500 shares of 5%, $100 par value, cumulative preferred stock and 13000 shares of $1 par value common stock outstanding in december 31,2020. There were no dividends declared in 2018. The board of directors declares and pays a $61100 dividend in 2019 and in 2020. what is the amoun of dividends recieved by the common stock holders in 2020.

NGD recently acquired a new piece of land in Suffolk County on April 1, 2012. The land cost $5,000,000. NGD reports under IFRS and revalues its land. On December 31, 2017, the fair value of the land is $4,500,000. On December 31, 2020, the fair value of the land is $5,300,000.

Provide all necessary journal entries for 2012 through 2020.

4.You have on your schedule to receive street light products from your regular vendor in July 2020.On the 10^th June 2020, you learnt from the news that the Vendor’s warehouse has been destroyed by fire and that they may not be able to recover in the next 12 months.

What type of Risk is this? Mention 4 possible things you will do?

On March 31^st, 2020, you take delivery of a $100,000 T-bond that matures on October 31st, 2030. The coupon rate on the T-bond is 4.20% and the current yield to maturity on the bond is 3.80%. The last coupon payment occurred on October 31^st, 2019 and the next coupon payment occurs on April 30^th, 2020. Calculate the clean and dirty prices of this transaction.

Xenia Distribution, Incorporated

Xenia Distribution, Incorporated is a privately-held company operating in Ohio since 1990. Xenia makes all of its sales to customers on a credit basis, requiring payment within 30 days. Xenia uses the allowance method to estimate the amount currently uncollectible for its accounts receivable. During 2020, Xenia recorded a monthly provision of 1% of credit sales of as an estimate for uncollectible accounts receivable. However, at year-end, an aging of accounts receivable is prepared and the allowance for uncollectible accounts is adjusted based on an analysis of that aging. At December 31, 2019, the adjusted balance of the allowance for uncollectible accounts was $31,900, and the balance of accounts receivable was $282,400.

During 2020, Xenia wrote-off $23,400 of customer accounts that were deemed to be uncollectible, due to customers declaring bankruptcy or experiencing financial difficulties so severe that extensive collection efforts were not successful. One customer’s account with a $9,200 balance, which had been written-off in August 2018, was subsequently collected from the customer in July 2020. Xenia maintained the same monthly provision of 1% of credit sales throughout all of 2020. Monthly credit sales for 2020 are as follows:

January            77,700

February          89,400

March             55,200

April                38,900

May                 47,500

June                 63,400

July                  99,200

August             92,300

September        87,800

October            82,900

November        84,300

December         81,400

Total cash collections of accounts receivable during 2020 (not including the collection of the previously written-off account) were $859,000.

In preparation for its year-end closing process, Xenia’s controller prepared the following aging of accounts receivable as of December 31, 2020, assigning probabilities of collection based on discussions with Xenia’s credit manager:

                                         Percentage of

Age of Account Receivable       Accounts Receivable     Probability of Collection                     

0-30 days past due                          75%                                  95%                

31-60 days past due                         15%                                 85%                

61-90 days past due                           6%                                  70%                

Greater than 90 days past due           4%                                 10%                            

Requirements

a) Prepare an analysis computing the unadjusted balance in the allowance for uncollectible accounts as of 12/31/20.

b) Prepare the year-end adjusting journal entry to record bad debt expense based on the

December 31, 2020 aging of accounts receivable.

Anyone know how to do it in a Excel?