On the last day of the fiscal year, a co-worker asks you to cut a check for $2,000 as a miscellaneous expense for supplies in order to complete a project for a VIP customer today. You notice the invoice looks a little different from other invoices that are usually processed. You know that by preparing the closing entries tomorrow, the miscellaneous expense will be set to zero for the beginning of the year.

1. Should you write this check today and record the expense or write the check tomorrow?
2. How would the company be affected if the check is written and the invoice ends up being erroneous?
3. What are the four closing journal entries? Why are these necessary?

In a survey of 2009 adults in a recent​ year, 705 made a New​ Year's resolution to eat healthier. Construct​ 90% and​ 95% confidence intervals for the population proportion. Interpret the results and compare the widths of the confidence intervals.

1) The​ 90% confidence interval for the population proportion p is (_,_) (Round to three decimal places as needed.)

2) The 95% confidence interval for the population proportion p is (_,_) (Round to three decimal places as needed.)

3)  With the given confidence, it can be said that the _____ of adults who say they have made a New Year's resolution is _____ of the given confidence interval.

4) Compare the widths of the confidence intervals. Choose the correct answer below. A) The 90% confidence interval is wider B) The 95% confidence interval is wider. C) The confidence intervals are the same width. D) The confidence intervals cannot be compared.

An apartment building has the following investment characteristics:

            Year 1 NOI                 $2,500,000

            Year 2 NOI                 $2,600,000

            Year 3 NOI                 $2,704,000

            Year 4 NOI                 $2,812,000

You plan to purchase the asset at a 5% initial cap rate and to sell it 3 years later, also at a 5% cap rate. You plan to use a loan at 60% LTV to purchase the asset. The loan will be interest only (no amortization) at a 4% annual interest rate. Answer the following:

What is the purchase price?                                                                                       

What is your initial equity investment?                                                                     

What are the annual mortgage payments?                                                                 

What is the loan balance at the end of year 3?                                                          

What is your expected equity (levered) IRR?                                                           

The net income reported on the income statement for the current year was $210,000.  Depreciation recorded on equipment and a building amount to $62,500 for the year.  Balances of the current asset and current liabilities accounts at the beginning and end of the year are as follows:

​

​

​

It is a very dry year in New Mexico. Described two adaptations and two acclimatization's that plants have for dealing with drought (4 points).

Adaptation 1:

Adaptation 2:

Acclimatization 1:

Acclimatization 2:

Explain the two-fold cost of stomatal closure for water conservation during drought (2 points).

18) In your own words, explain the difference between the fundamental niche and the realized niche (2 points). Provide an example (can be real or hypothetical, can be plant or animal) of when the fundamental and realized niches of a species would differ. (2 points)

Betty and Bob a 2-year coupon bond with a face and maturity value of $1,000 and a coupon rate of 8% per annum payable semiannually and a yield to maturity of 10% per annum compounded semiannually.

A. Algebraically find the price of the bond. Your final answer should be correct to 2 places after the decimal point.
The price of the portfolio is __________________.

B. Algebraically find the exact Macaulay Duration of the portfolio. Your final answer should be correct to 2 places after the decimal point and expressed in years.
The Macaulay Duration is ______________ years.

Jane is a newborn. Her parents are planning to contribute $4,000 a year (or possibly less) towards her college fund into an account that will grow at a constant rate of 4.5% a year. Both parents work for the same company that offered to match parental contributions dollar for dollar for the first 5 parental deposits and 30 cents for every parental dollar for subsequent parental deposits, until Jane reaches 19. Once she reaches 19, both the company and parents stop their contributions. College costs are expected to be $40,000 a year and Jane spends 4 years in college once she reaches 19. Assume that the beginning balance on the account is $25,000 What is the smallest amount parents should contribute each year to make Jane's college affordable?

1. What is the future value of a 5-year ordinary annuity of $1000 if the appropriate interest rate is 5%? What is the present value of the annuity?
2. What is the future value of $1000 after 4 years under 10% annual compounding? Semiannual compounding? Quarterly compounding? Monthly compounding? Daily compounding
3. What is the effective annual rate (EAR or EFF%)? What is the EFF% for a nominal rate of 5%, compounded semiannually? Compounded quarterly? Compounded monthly? Compounded daily?

For the next fiscal​ year, you forecast net income of and ending assets of $ 49,700 and ending assets of $ 506,500. Your​ firm's payout ratio is 10.1%.

Your beginning​ stockholders' equity is $ 295,700 and your beginning total liabilities are $ 119,500.

Your​ non-debt liabilities such as accounts payable are forecasted to increase by $ 9,900.

Assume your beginning debt is $ 109,300.

What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your​ debt-equity ratio​ constant?

The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditure).

The amount of equity to issue and the amount of debt to issue ___________

Please explain in details your step by step neatly. I can't seem to figure out the new debt and the formulas

Thank you!!

The Dorset Corporation produces and sells a single product. The following data refer to the year just completed:

Assume that direct labor is a variable cost.

Required:

a. Compute the unit product cost under both the absorption costing and variable costing approaches.

b. Prepare an income statement for the year using absorption costing.

c. Prepare an income statement for the year using variable costing.

d. Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) above.