The Jaguar Bank of Indianapolis (JBI) starts operations on January 1, 2020 issuing equity amounting $50. JBI advertises an annual interest of 1% for its savings deposits, paid annually, and free checking accounts (i.e., no maintenance fee). On the first day of operations, JBI receives a total of $500 as checking deposits and $450 as savings deposits. The bank lends $750 for an annual interest rate of 5%. It purchases treasury bonds worth $150 which earns 2% per annum. JBI maintains the required reserve (10% of checking deposit balances) at the Fed and keeps the remaining liquidity in cash reserves. Federal Reserve pays no interest on JBI’s reserve account. Nor does JBI on checking accounts of its customers. JBI’s operational expenses during its first year of operations is $20 and the corporate tax rate is 25%. Shareholders of JBI receive 12% dividends.
A customer defaults a loan amounting $250. The bank loses the principal amount as well as the expected interest income but repossess a property maintained as a collateral. The property is auctioned for $200 and $100 of the proceeds are used to purchase treasury bonds. Find the following.
pleas answer this question because I posted before and the answers were wrong
In: Accounting
Marigold Industries purchased a truck at the beginning of 2020 for $109300. The truck is estimated to have a salvage value of $3200 and a useful life of 117000 miles. It was driven 21000 miles in 2020 and 29000 miles in 2021. What is the depreciation expense for 2021?
$27885 |
| $26303 |
| $45350 |
| $7073 |
In: Accounting
Marigold Corp. issues $30600000 of 10-year, 7% bonds on March 1, 2020 at 97 plus accrued interest. The bonds are dated January 1, 2020, and pay interest on June 30 and December 31. What is the total cash received on the issue date?
In: Accounting
Provide formula for effect sizes and step-by-step solution by hand or software.
A researcher is studying the effects of inserting questions into
instructional material for learning. There is doubt whether these
questions would be more effective before or after the corresponding
passage. In addition, the researcher wants to know the impact of
factual and thought provoking questions. Students are randomly
assigned to one of each of the four combination: position of
question (before vs. after the passage) and type of question
(factual vs. thought provoking). After 15 hours of studying under
these conditions, the students are given a test on the content of
the instructional materials. The test scores are below. What can be
concluded with α = 0.01?
Position
| Type | before | after |
|---|---|---|
| factual | 21 31 32 25 28 19 |
29 24 33 26 25 30 |
| thought | 27 20 15 21 26 24 |
36 39 41 29 31 35 |
a) What is the appropriate test statistic?
---Select--- na one-way ANOVA within-subjects ANOVA two-way
ANOVA
b) Compute the appropriate test statistic(s) to
make a decision about H0.
Type: critical value = ; test statistic
=
Decision: ---Select--- Reject H0 Fail to reject H0
Position: critical value = ; test
statistic =
Decision: ---Select--- Reject H0 Fail to reject H0
Interaction: critical value = ; test
statistic =
Decision: ---Select--- Reject H0 Fail to reject H0
c) Compute the corresponding effect size(s) and
indicate magnitude(s).
Type: η2
= ; ---Select--- na trivial effect small
effect medium effect large effect
Position: η2
= ; ---Select--- na trivial effect small
effect medium effect large effect
Interaction: η2
= ; ---Select--- na trivial effect small
effect medium effect large effect
d) Make an interpretation based on the
results.
There is a question type difference in the test scores.There is no question type difference in the test scores.
There is a question position difference in the test scores.There is no question position difference in the test scores.
There is a question type by position interaction in the test scores.There is no question type by position interaction in the test scores.
In: Math
In: Accounting
Thomas Company acquired machinery on January 2, 2016, which it depreciated under the straight-line method with an estimated life of fifteen years and no salvage value. On January 1, 2020, Thomas estimated that the remaining life of this machinery was six years with no salvage value. How should this change be accounted for by Thomas?
Group of answer choices
by continuing to depreciate the machinery over the original fifteen year life
as a prior period adjustment
as a change in accounting principle in 2020
by setting future annual depreciation equal to one-sixth of the machinery’s book value on January 1, 2020
In: Accounting
The Free Group issues $100,000 of 6% bonds on January 1, 2020 for $107,795. The bonds will mature on December 31, 2029 (10 years). The market yield for bonds of similar risk and maturity is 5%. Interest is paid semiannually on July 1 and January 1.
a. Free Group has a calendar year-end and issues financial statements as of December 31.
Prepare the journal entry to record the issuance of the bonds on 1/1/2020 and any other journal entry(ies) required in 2020 related to this bond issuance. Free Group uses the effective interest method
In: Accounting
Beavis Construction Company was the low bidder on a construction
project to build an earthen dam for $1,820,000. The project was
begun in 2020 and completed in 2021. Cost and other data are
presented below:
| 2020 | 2021 | |||||
| Costs incurred during the year | $ | 518,000 | $ | 1,120,000 | ||
| Estimated costs to complete | 962,000 | 0 | ||||
| Billings during the year | 410,000 | 1,410,000 | ||||
| Cash collections during the year | 310,000 | 1,510,000 | ||||
Assume that Beavis recognizes revenue on this contract over time
according to percentage of completion.
Required:
Compute the amount of gross profit recognized during 2020 and
2021.
In: Accounting
Beavis Construction Company was the low bidder on a construction
project to build an earthen dam for $1,730,000. The project was
begun in 2020 and completed in 2021. Cost and other data are
presented below:
| 2020 | 2021 | |||||
| Costs incurred during the year | $ | 476,000 | $ | 1,030,000 | ||
| Estimated costs to complete | 884,000 | 0 | ||||
| Billings during the year | 470,000 | 1,260,000 | ||||
| Cash collections during the year | 370,000 | 1,360,000 | ||||
Assume that Beavis recognizes revenue on this contract over time
according to percentage of completion.
Required:
Compute the amount of gross profit recognized during 2020 and
2021.
In: Accounting
Demand function : QD(P) = 56 - 1/2P
Supply Function : Ps(Q)= 6Q
(1) Compute the market price and quantity in equilibrium.
(2) Compute the consumer and producer surplus in equilibrium.
In March 2020 an increase occurred, while the supply function did not change, the new reservation price for the demand function was found to be $200, while the slope of the demand function did not change.
(3) Compute the new market price and quantity in equilibrium as of March 2020.
(4) Compute the new consumer and producer surplus in equilibrium as of March 2020.
In: Economics