BONUS: Create the detailed outline of this compare/contrast essay (10%)

‘Each small innovation generated changes in his life and in everyone’s. Whether it is a language system or a poem, they make the universe a different place’. let us compare between Nikola Tesla and Thomas Alva Edison. discoverer contributed to the event of the alternating-current (AC) electrical system which is widely used today and to the rotating flux, which is that the basis of most AC machinery while Edison invented the DC which is a smaller amount widely utilized in the current but he has many great inventions just like the electric bulb the phonograph and lots of more.

Edison and tesla worked together before tesla parted ways because of business scientific conflict. While Edison was an influential figure who focused on marketing and financial success, Tesla wasn't business-minded and was somewhat vulnerable because of which tesla suffered plenty to run his company. Edison managed to convince his investors about his inventions but tesla couldn't so he suffered.

In the end, Edison held 1,093 patents and Tesla held but 300 worldwide. Of course, Edison had a bunch of assistants helping him devise inventions and had also bought a number of these patients.

Tesla's inventions are the backbone of contemporary power and communication systems, but he faded into anonymity later within the 20th century. But later his invention caught the attention of an engineer and acquired his patents he saw that it's a future. But Edison had dispelled Tesla's AC system of electrical power transmission, calling it 'impractical', instead of promoting his simpler yet less efficient DC system.

Tesla didn't get the celebrity he deserved besides his inventions was of great practical use. Edison also launched a negative press-campaign in a trial to undermine the interest in AC power. With its repeated success and favorable press, the alternating-current system became the leading facility of the 20th century and it's remained the worldwide standard since.

Tesla suffered a breakdown and eventually returned to the figure as a consultant primarily. But as time passed, his ideas progressively became strange and impractical. He also grew increasingly eccentric and devoted much of his time in caring for wold pigeons in the big apple City's parks. He even drew the FBI's attention for his mouth building a robust "death beam", which had also received some interest from the state during warfare II.

A) What will happen to the inflation and unemployment by connecting the AD-AS model to the Short Run Phillips Curve?

B) Suppose this continues until 2020. Consider what the economy will be like in 2020. Elaborate on what impacts this economic state will have on ability to make interest payments.

conditions for a perfect futures contract hedge. To illustrate the hedge, use an abattoir (consumer) who is required to purchase 20,000 kg of live cattle in December 2020.

Futures contract on live cattle:

Contract size: 10,000 Kg

Contract maturity: Dec. 2020

Ajax had 5,000 shares of 8% PV=100 preferred stock

If the stock is cumulative and the company did not have any money

in 2019 but could pay 95000 in 2020 How much would the common

stockholders get in 2020?

1.95000

2.40000

3.15000

on April 5, 2019 janeen camoct took out an 10.5% loan for $32,000 the loan is due March 9, 2020. use ordinary interest to calculate interest.

what total amount will janeen pay on March 9, 2020? (ignore leap year)

journal

2018  

march 1 cash account debit 350000   

margate bank 350000

dec 1 cash account debit 150000

sundi bank     150000

dec 31 interest expense(margate )       debit 41250

to accrual interest 41250

dec 31 interest expense (sundi) debit 5500

to accrued interest   5500

dec 31 profit and loss account debit 46750

to interest expense ( 41250+5500)        46750

2019

jan 1 sundi bank account debit 10000

accrued interest    debit 5500

to cash 15500

feb 1   sundi bank account debit 10000

interest expense    debit 5500

to cash 15500

march 1    sundi bank account debit 10000

interest expense    debit 5500

to cash 15500

march 1 margate bank account debit 50000

accrued interest debit    41250

interest expense debit 8250

to cash 99500

Requirement 2. Prepare the liabilities section of the balance sheet for Wholesale Pharmacies on

March ​1,2019 after all the journal entries are recorded. First, prepare an amortization schedule for the

Sandi Bank mortgage to March ​1, 2020.

Prepare the schedule for the first three​ payments, then the remaining months one at a time. ​(Round your answers to the nearest whole​ dollar.)

Review the related journal entries you prepared in Requirement 1

.

Now prepare the liabilities section of the balance sheet for

Wholesale Pharmacies on March ​1, 2019.

​(If a box is not used in the table leave the box​ empty; do not select a label or enter a​ zero.)

Review the amortization schedule you prepared above.

Transaction analysis and Financial Statements
After several months of planning, Ms. Gyamfua Boakye started Keep Safe Shop which is into
buying and selling the supplies of Covid-19. The following transactions occurred during the first
month.
Jun. 1 Started business with a cheque of GH₵17,000, cash of GH₵3,000.
2. Bought a shop for GH₵6,000 cheque.
3 Purchased fixtures and fittings for GH₵1,300 with cheque.
4 Bought nose masks for GH₵2,000 with cheque and carriage for GH₵50 cash.
5 Advertising expense GH₵100 paid by cash.
9 Bought face shields for GH₵1,500 and carriage GH₵30 with cash.
12 Bought nose masks GH₵3,200 and face shields GH₵6,000 from Combat Technology Ltd
on credit.
15 Sold nose mask for GH₵4,600 cash and face shield for 6,500 cheque.
16 Deposited GH₵1,000 cash into the bank.
20 Paid Combat Technology Ltd GH₵7,000 cheque and received a discount of GH₵700.
23 Ms. Boakye took GH₵250 cash for personal use.
25 Paid salaries for GH₵500 by cheque.
26 Paid electricity expense GH₵80 by cash.
27 Sold nose masks and face shield on credit to Nana Yaa at GH₵5,600.
28 Nana Yaa returned some of the face shield due to damages GH₵600.
30 Received a cheque of GH₵4,600 from Nana Yaa and her allowance of GH₵460.
Required:
a. Journalize the above transactions
b. Post the journal entries to their respective accounts and balance off the accounts
c. Extract the trial balance as at June 30, 2020
d. Prepare the Income Statement for the period ended June 30, 2020
e. Prepare the Statement of Financial Position as at June 30, 2020

Depletion

On July 1, 2019, Amplex Company purchased a coal mine for $2 million. The estimated capacity of the mine was 800,000 tons. During 2019, Amplex mines 10,000 tons of coal per month and sells 9,000 tons per month. The selling price is $30 per ton and production costs (excluding depletion and depreciation) are $8 per ton.

At the end of the mine's life, Amplex estimates that the present value of the cost to restore the land is $300,000, after which it can be sold for $100,000. Amplex also purchased some temporary housing for the miners at a cost of $170,000. The housing has an expected life of 10 years but is expected to be sold for $10,000 at the end of the mine's life. The housing is depreciated using the activity method. Amplex uses the FIFO cost flow assumption and its discount rate is 10%.

Required:

1. Compute the company's expenses included on the 2019 income statement. Round depletion and depreciation rate per ton to the nearest cent. Round your final answer to the nearest dollar.

   Total expenses, 2019	$
   Depletion rate	$  per ton
   Depreciation rate	$  per ton

2. Compute the cost of the company's inventory at December 31, 2019. Round your answer to the nearest dollar.

   Cost of inventory, 12/31/2019: $  

3. In January 2020, a new estimate indicated that the capacity of the mine was only 500,000 tons at that time. Compute the company's expenses included on the 2020 income statement if the company mines and sells 10,000 tons per month. Round the depletion rate to 2 decimal places. Round the depreciation rate to 3 decimal places and round final answer to the nearest dollar.

   Total expenses, 2020	$
   New depletion rate	$  per ton
   New depreciation rate (round to three decimal places)	$  per ton

Earlier this year, Terzetto Hot Tubs implemented a promotion where customers do not have to pay for their purchase for three years after the date of delivery (they sign a non-interest-bearing note instead). Because people have been unable to go on vacations, sales have been brisk. The typical hot tub sells for $8,000 (the “sticker price”) and customers would normally be charged 10% annual interest on any unpaid balance in their account.          

a.       Identify what is being “sold” or briefly discuss the separate performance obligations Terzetto should be considering for its sales of hot tubs. (One sentence or point form)

b.       Assuming a hot tub was delivered on June 1, prepare all of the journal entries that should be recorded on this day for a typical $8,000 hot tub, assuming the customer takes advantage of the “do not pay for three years” option. Please show your calculations or calculator inputs.   Assume the sticker price of $8,000 is based on a 25% mark-up on cost.

c.       Prepare all journal entries that should be recorded on December 31, 2020 regarding this note.

d.       The balance in Terzetto’s Allowance for Doubtful Accounts was $18,000 on January 1, 2020. Prior history indicates that Terzetto collects 97% of the payments so during the year, bad debts expense of $45,900 were recorded and write-offs were $65,000.   Now at the December 31, 2020 year-end, the controller estimates that due to the effect of covid on the economy, 5% of the $1,350,000 balance in receivables will probably be uncollectable. Prepare any adjusting entries that should be recorded at year-end.

e.       Briefly discuss (two or three sentences) why you agree or disagree with the current method of accounting used by Terzetto for bad debts. Support your answer with a reference to at least one foundational principle from the conceptual framework (excluding “full disclosure”)