Questions
The Jaguar Bank of Indianapolis (JBI) starts operations on January 1, 2020 issuing equity amounting $50....

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.

  • Primary Reserves = $
  • Total Assets = $
  • Total Liabilities = $
  • Net Worth = $
  • Equity Ratio =  %
  • Interest Income = $
  • Net Profit Before Taxes = $

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...

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...

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...

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 February 2020, Muskoka Corp. purchased a golf course in southern Ontario for $7.5 million cash....

In February 2020, Muskoka Corp. purchased a golf course in southern Ontario for $7.5 million cash. This amount included legal fees of $18,000 and property taxes of $40,000 (of that amount, $30,000 were in arrears). Based on appraisals, the property's year-end fair values were $8.2 million at the end of 2020, and $8 million at the end of 2021.

This golf course qualifies as an investment property. In addition, Muskoka Corp. applies the fair value model to all its investment property.

Required

1. Prepare all journal entries for 2020 and 2021.

In: Accounting

Thomas Company acquired machinery on January 2, 2016, which it depreciated under the straight-line method with...

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...

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...

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...

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...

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