Questions
The following data were taken from the SFP accounts of Bramble Corporation on December 31, 2020:...

The following data were taken from the SFP accounts of Bramble Corporation on December 31, 2020:

Current assets $ 1,035,000
FV-NI investments 842,000
Common shares (unlimited authorized, 590,000 shares issued and outstanding) 6,490,000
Contributed surplus 360,000
Retained earnings 1,790,000

A 8% stock dividend is declared at their fair value and distributed at a time when the shares’ fair value is $51 per share. Prepare the required journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

(To record stock dividend declaration)

(To record stock dividend distribution)

  

  

A 3-for-1 stock split is effected. Prepare the required journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

  

  

A dividend in kind is declared on January 8, 2021 and paid on January 28, 2021 in FV-NI investments. The investments have a carrying amount of $140,000 (fair value at December 31, 2020) and a January 8 fair value of $148,000. Prepare the required journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 8

(To record fair value adjustment)

Jan. 8

(To record declaration of property dividend)

Jan 28

In: Accounting

The below contains the actual data on COVID-19 cases in Ghana from 1st April, 2020 to...

The below contains the actual data on COVID-19 cases in Ghana from 1st April, 2020 to 25th May, 2020 as presented by the Ghana Health Service. Use the information provided to answer the following questions:

  1. Construct a graph to show the trends of the COVID-19 confirmed cases and fatalities in Ghana, and speculate on the factors that might have influenced these trend
Date Total confirmed Death Recoveries Test
1-Apr 195 5 3 12046
2-Apr 204 5 3 12046
3-Apr 205 5 3 12046
4-Apr 214 5 3 12046
6-Apr 287 5 3 12046
7-Apr 313 6 3 12046
9-Apr 378 6 4 14611
10-Apr 408 8 4 27348
11-Apr 566 8 4 37954
15-Apr 641 8 83 50719
18-Apr 834 8 83 60916
19-Apr 1042 8 83 68591
22-Apr 1279 10 134 88188
25-Apr 1550 11 155 100622
27-Apr 1671 16 188 106090
28-Apr 2074 17 212 113497
1-May 2169 18 229 117049
2-May 2719 18 294 129461
4-May 3091 18 303 135902
7-May 4012 18 323 149948
8-May 4263 22 378 155201
10-May 4700 22 494 160501
11-May 5127 22 494 162184
12-May 5408 24 514 165433
13-May 5530 24 674 168685
14-May 5638 28 1460 172623
15-May 5735 29 1754 174077
17-May 5918 31 1754 180567
18-May 6096 31 1774 184343
19-May 6269 31 1898 187929
20-May 6486 31 1951 192194
21-May 6617 31 1978 193705
22-May 6683 32 1998 194763
23-May 6809 32 2070 198175
24-May 6964 32 2097 202130
25-May 7117 34 2317 203383

In: Biology

Consider the following article from the January 17, 2020 edition of the Wall Street Journal entitled...

Consider the following article from the January 17, 2020 edition of the Wall Street Journal entitled "Morgan Stanley Cuts CEO James Gorman’s Bonus"

Morgan Stanley paid its chief executive, James Gorman, $27 million for his work in 2019, a pay cut for a year when the bank’s revenue hit a record but its shares lagged behind those of rivals.

Mr. Gorman earned about $19 million in Morgan Stanley shares and another roughly $8 million in cash, including salary and bonus, according to a Friday securities filing.

The 61-year-old was already among the highest-paid U.S. bank bosses. His 2018 pay package, worth about $29 million, was topped only by JPMorgan Chase & Co.’s James Dimon, who runs a bank that is three times the size of Morgan Stanley and vastly more complex.

Mr. Gorman earned a base salary of $1.5 million, the same as a year ago; a cash bonus of $6.4 million, down from $6.9 million a year ago; $12.8 million in stock that is linked to how well the bank does over the next few years; and another $6.4 million in shares that he’ll collect regardless of performance.

At the urging of shareholders and regulators, banks since the financial crisis have tied more of their executives’ pay to performance and deferred more of it into the future.

Morgan Stanley in 2019 posted an annual profit of $9 billion on a record $41 billion revenue. Mr. Gorman has delivered on financial metrics he set out to investors, including minimum profitability in its wealth-management division and firmwide return targets. On Thursday, he set new targets—though some analysts said they weren’t ambitious enough.

In setting Mr. Gorman’s pay, the company said that it took into account his long-term strategy and the bank’s “strong financial performance.”

Shares of Morgan Stanley gained 26% in 2019, lagging behind the S&P 500 and most of its big-bank peers. It is off to a stronger start this year, gaining 6.6% Thursday in its biggest single-day gain since the 2016 presidential election.

Who is the agent in this situation? Who are the principals? Use agency theory to explain the motivation behind tying Mr. Gorman's pay to performance.

In: Finance

1. A student borrows $5000 for college from his aunt and uncle on June 1, 2020....

1. A student borrows $5000 for college from his aunt and uncle on June 1, 2020. He agrees to repay them $500 on 6/1/2021, 6/1/2022, 6/1/2023, and 6/1/2024; plus three additional payments of X on 6/1/2025, 6/1/2026, and 6/1/2027. They agree to an interest rate of 1.5% compounded annually. Find X

2. For the loan described in question #1, write out the amortization schedule for the loan.

Please show steps

Thank You

In: Finance

The following information is an extract from the financial statements of Extreme-Experiences Pty Ltd. 2020 2019...

The following information is an extract from the financial statements of Extreme-Experiences Pty Ltd.

2020

2019

Current Assets

409,500

292,500

Non-current Assets

2,275,000

1,768,000

Current Liabilities

221,000

169,000

Non-current Liabilities

764,400

670,800

Total Revenue

728,000

624,000

Total Expenses

500,500

455,000

a)    Calculate the following ratios for both 2019 and 2020.

2020

2019

Profit Margin

(Correct your answer to 0.01%)

Current Ratio

(Correct your answer to 0.1)

Debt to Total Assets Ratio

(Correct your answer to 0.01%)

b)    Comment on the Liquidity of Extreme-Experiences using the answers in part a).

c) Which ratio measures Solvency? Provide suggestions on how to improve the Solvency of Extreme-Experiences.

In: Accounting

Kevin retired on 1/1/2020 and started to withdraw $2500 at the end of each month from...

Kevin retired on 1/1/2020 and started to withdraw $2500 at the end of each month from an account (which earns 2.35% interest compounded monthly) containing $439,979.16. If Kevin keeps on making the set withdrawal and the interest rate remains the same, then the account should last for ___ years. The total interest that Kevin earns from the account (from the time that he starts withdrawing the $2500 to the very last withdrawl that he makes) would be $____.

In: Statistics and Probability

The following information is an extract from the financial statements of Extreme-Experiences Pty Ltd. 2020 2019...

The following information is an extract from the financial statements of Extreme-Experiences Pty Ltd.

2020

2019

Current Assets

409,500

292,500

Non-current Assets

2,275,000

1,768,000

Current Liabilities

221,000

169,000

Non-current Liabilities

764,400

670,800

Total Revenue

728,000

624,000

Total Expenses

500,500

455,000

Required: Answer the following questions in the spaces provided below:

a)    Calculate the following ratios for both 2019 and 2020.

2020

2019

Profit Margin

(Correct your answer to 0.01%)

Current Ratio

(Correct your answer to 0.1)

Debt to Total Assets Ratio

(Correct your answer to 0.01%)

b)    Comment on the Liquidity of Extreme-Experiences using the answers in part a).

c) Which ratio measures Solvency? Provide suggestions on how to improve the Solvency of Extreme-Experiences.

In: Accounting

The population from 1975 to 2015 are given below Year 1980 1995 2010 2020 Population In...

The population from 1975 to 2015 are given below

Year

1980

1995

2010

2020

Population In 1000s

10

20

32

44

  1. Use the data given in the table to draw the population – time relation in X-Y graph
  2. Use the Graphical extension Method to find the population in 2050
  3. According to the plotted graph, use only one method (Geometric Increase method or Arithmetic Increase method) to find the population in 2050 (Explain why you select this method)
  4. Use the estimated population in 2050 to design the main sewer pipe running 0.6 times full at maximum discharge. The water supplied from the water works to the town is at a rate of 200 LPCD. The manning’s n = 0.015 for the pipe material and permissible slope is 1 ‰. Variation of n with depth may be neglected. Check for minimum and maximum velocity assuming that the groundwater level is lower than the sewer pipe level.

In: Civil Engineering

Italian national debt to GDP is expected to pass 150% in 2020, up from 134% last...

Italian national debt to GDP is expected to pass 150% in 2020, up from 134% last year. Furthermore, fund managers are getting increasingly more reluctant to buy relatively high-yielding Italian bonds despite European Central Bank’s (ECB’s) backing.

What was the state of the Italian economy in 2019? Use the information given in the question and basic macro indicators to explain.

How has the Covid-19 outbreak affected the Italian economy? Explain how the macro indicators you have chosen at part a got affected as a result of the pandemic.

In: Economics

Key concepts in statistics for business decision making are “Population”, “Census”, “Random Sample” and “Sampling Error”....

Key concepts in statistics for business decision making are “Population”, “Census”, “Random Sample” and “Sampling Error”.

The Foodmart CEO (Chief Executive Officer) has very little knowledge about statistics and believes that a sample should not be used for gathering data as a sample cannot provide accurate information about a whole population.

Explain briefly each of the terms given below, drawing on the pleminary comments from the previous page. In your answers below, use the Foodmart supermarkets to provide examples.

(a) Define the term “population”, and explain what the population is for the Foodmart situation outlined in the Preliminary Comment.

(b) Define the term “census”, and explain what this would mean in studying supermarkets in the Foodmart chain.

(c) Define the term “random sample”. In your answer also include an explanation of a “biased sample”. Also explain how you would take a random sample of 150 supermarkets for Foodmart.

(d) Define the term “Sampling Error” and explain in plain language for the CEO how we can manage this if we have a random sample.

In: Statistics and Probability