Questions
Days Ltd's financial year ended on 30 June 2020. The following events occurred between the end...

Days Ltd's financial year ended on 30 June 2020. The following events occurred between the end of the reporting period and the date the directors of Edwards Ltd expect to authorise the financial statements for issue:

  1. On 3 July 2020, directors proposed a final dividend of $120,000.
  2. On 15 July 2020, Days Ltd took delivery of building materials (inventory). Building materials were purchased from a Chinese manufacturer. Building materials were in transit at the end of the reporting period. An inspection of the building materials revealed significant flaws and the materials were returned to the supplier on 25 July 2020. Days Ltd is to receive a full refund of the $125,000 purchase price, which had been paid in advance on 27 June 2020.

REQUIRED

For each of the above material after-reporting-period events, state whether adjustment or disclosure is required in the 30 June 2020 financial statements. Assume the above events would not significantly affect the going-concern assumption for Days Ltd.

(No need for financial statement notes or any journal entries for adjustments.)

In: Accounting

On January 1, 2020, Kingbird Inc. issued $350,000 of 6-year, 3% bonds to yield a market...

On January 1, 2020, Kingbird Inc. issued $350,000 of 6-year, 3% bonds to yield a market interest rate of 4%. Interest is paid every quarter on January 1, April 1, July 1, and October 1. Kingbird has a calendar year end. After recording the December 31, 2021 accrual for quarterly interest, and making the payment on January 1, 2022, all the bonds were redeemed at 101.

Prepare a bond amortization schedule for the first two years (8 interest periods). (Round answers to 0 decimal places, e.g. 5,276.) KINGBIRD INC. Bond Discount Amortization Schedule Effective-Interest Method Semi-Annual Interest Period Interest Payment Interest Expense Amortization Bond Amortized Cost Issue Date, Jan. 1, 2020 $ Apr. 1, 2020 $ $ $ $ Jul. 1, 2020 Oct 1, 2020 Dec. 31, 2020 (accrual) Apr. 1, 2021 Jul. 1, 2021 Oct 1, 2021 Dec. 31, 2021 (accrual)

In: Accounting

Assume the current U.S. dollar-British spot rate is $1.3063=£. If the current nominal one-year interest rate...

Assume the current U.S. dollar-British spot rate is $1.3063=£. If the current nominal one-year interest rate in the U.S. is 1.5% and the comparable rate in Britain is 0.75%, what is the approximate forward exchange rate for 90 days?

8.5.1

In: Finance

A humane society claims that 5% of U.S. households have taken in a stray dog. In...

A humane society claims that 5% of U.S. households have taken in a stray dog. In a random sample of 200 U.S. households, 12 say they have taken in a stray dog. At α = 0.05, is there enough evidence to reject the society’s claim?

In: Statistics and Probability

Zika virus infection, a zoonotic disease, produced somewhat sizable outbreaks recently in certain areas of Central...

Zika virus infection, a zoonotic disease, produced somewhat sizable outbreaks recently in certain areas of Central America, but not in the U.S.(although they were some infected individuals uncovered in the U.S.). Provide two plausible explanations for this dichotomy, and explain.

In: Biology

Focus on the difference between the U.S. and Japanese financial markets and how the Japanese markets...

Focus on the difference between the U.S. and Japanese financial markets and how the Japanese markets make high financial leverage more attainable than that possible for U.S. firms. Please provide some research and respond with accurate Citation and Reference.

In: Finance

How each of the following changes will affect the real exchange rate (the number of US...

How each of the following changes will affect the real exchange rate (the number of US baskets per EU basket of goods/services):

a.The relative demand of U.S. products decreases.

b.The relative demand of U.S. products decrease

In: Finance

What steps should a CEO of a small community hospital take to make sure his/her hospital...

What steps should a CEO of a small community hospital take to make sure his/her hospital is better known, increase the utilization of select services, and increase the revenue. Alos state his/her assumptions (eg.; which services are best, where is excess capacity, e.t.c) .

In: Nursing

Identify a party (other than stockholders) that can be classified as a stakeholder for a corporation....

Identify a party (other than stockholders) that can be classified as a stakeholder for a corporation. What obligation does the corporation have to this party? Describe a situation where stockholder claims on the organization might conflict with the claims of this stakeholder group. If you were CEO, how would you resolve these conflicts?

In: Finance

Write an executive summary on your learning of the risk management project for your CEO. Ensure...

Write an executive summary on your learning of the risk management project for your CEO. Ensure you state the bottom line upfront and then provide details that impact the business the most from a risk perspective.

I worked with AECOM engineer firm on a demolition site in Japan.

200 words

In: Operations Management