Please, I need a correct answer and clear explanation. Thank you,

The Retained Earnings account has a credit balance and credit entries are used to record increases in this account. Why do expense accounts, which are transferred to Retained Earnings when they are closed, have debit balances? Why are debit entries used to record increases in these accounts?

Based on the book of James, discuss how trials and suffering can result in not only closed doors, but also unexpected open do

1.) In your experiences, share a lesson that was tucked in the failure of one of your plans (Plan A).

2.) Examples that illustrate ways that God’s Plan (Plan B) far exceeded your original plan are encouraged.

A topological space X is zero − dimensional if it has a basis B consisting of open sets which are simultaneously closed. (a) Prove that the set C = {0, 1}^N with the product topology is zero-dimensional. (b) Prove that if (X, d) is a metric space for which |X| < |R|, that is the cardinality of X is less than that of R, then X is zero-dimensional.

What are the pros and cons of the Linux OS. List the following in your answer:

• Brief history of the Linux OS
• Different Linux OS versions
• What is open source verses closed source
• In what ways is Linux better than Windows?

What are the GUI Shell? What are the features of each one and which OS do they belong to?

A topological space X is zero − dimensional if it has a basis B consisting of open sets which are simultaneously closed. (a) Prove that the set C = {0, 1}^N with the product topology is zero-dimensional. (b) Prove that if (X, d) is a metric space for which |X| < |R|, that is the cardinality of X is less than that of R, then X is zero-dimensional.

Turing Machine and Closure Operations

Show that Turing-recognizable languages are closed under the following operations:

• union

• concatenation

• star

Each answer needs only be a short informal description of a Turing Machine (but it must still be sufficiently precise so someone could reconstruct a formal machine if needed).

Also, be careful with non-termination (when appropriate)!

A futures market is a central financial exchange where people can trade standardized futures contracts. A futures exchange provides physical or electronic trading venues, which can be organized as non-profit member-owned organizations or for-profit organizations. Futures exchanges can also be integrated under other types of exchanges, such as stock markets, options markets and bond markets. Futures contracts are sometimes used by corporations and investors as a hedging strategy. Hedging refers to a range of investment strategies that are meant to decrease the risk experienced by investors and corporations. Questions; The futures market is referred to as an auction market, whereby producers and suppliers of commodities endeavour to avoid market volatility; in other words, producers and suppliers negotiate contracts with an investor who agrees to take on probable risk and reward, based on the expected volatility of the market. 1. Critically discuss the theoretical concept of futures contracts as a risk management tool, used by any would be investor to decrease future risk exposure or market volatility. 2. Review and discuss the collapse of the Futures Oil Market, which fell into the negative realm in May 2020. What were the main reasons for this fall into the negative realm? Critically discuss. Total 35 marks 3. After May 2020, what are the prospects of futures contracts as a significant risk management tool for firms? Discuss critically.

Oscar is a resident of Country B. Country B does not have a tax treaty with the USA. Oscar is an employee of a private company in country B and his employer sends him to the USA in order to do certain work needed to be done in the USA.
Here are his days of presence in the US:
• September 1, 2018, until April 15, 2019. During this time he made $200,000.
• January 1, 2019 until June 30, 2020. During this time he made $55,000.
• He does not return to the USA after this time.
Other facts:
• During each of 2018-2020 he had $155,000 of country B source interest income (would be subjected to the ordinary income tax rate here in the US if taxed here).
• The tax rates in country B are lower than of the USA by a substantial amount.
• The amounts earned that are US source earnings will not be taxed in country B at the same time.

a. Describe his tax status here in the USA and what taxes he would have to pay here. I am not interested in the computation of tax, but what income is subjected to US tax and what type of US taxes he would be subjected to on that income.

b. Assume that country B does have a tax treaty with the US that uses the terms of the 2016 US Model tax treaty. Discuss how this changes things.

Question1:

The following are account balances of Gadgets Com Pty, Ltd., a company selling gadgets, at the end of financial year 2020

Required:

1. Prepare a classified Income Statement
2. Prepare a classified Balance Sheet
3. Incorporating the additional information below, calculate the Gross Profit Margin (GPM) and the Profit Margin (PM) ratios for GadgetsCom and provide your comment on the company’s profitability and efficiency.

Additional Information

The manager was pleased with the increased sales revenue in the current year. Last year’s ratios are GPM 55% and PM 23%. The following are ratio formula used by the company:

Customer Corp. entered into a five-year lease agreement with Supplier Ltd, on 1 July 2019. The lease is for a number of spa baths. Supplier Ltd acquired the spa baths on 1 July 2019, at the fair value of $1,009,850. Customer Corp. uses the spa baths at a club. The baths are expected to have an economic life of seven years, after which time they will have no residual value. There is a bargain purchase option that Customer Corps will be able to, and is expected to, exercise at the end of the fifth year, for $100,000.

There are to be five annual payments of $250,000, due at the end of each fiscal year (i.e., on 30 June each year). Customer Corp. is responsible for the insurance and maintenance of the equipment. The equipment is to be depreciated on a straight-line basis. The interest rate implicit in the lease is 10% per year. The lease can be cancelled by Customer Corp. upon payment of a penalty of $700,000.

REQUIRED:                                       

(1)    What type of lease is this for Supplier Ltd? Provide justifications for your classification considering the criteria in AASB 16 – ‘Leases’.

(2)    Prepare the journal entries, including narrations, for Supplier Ltd from 1 July 2019 to 30 June 2020 to record the lease arrangement consistent with AASB 16 – ‘Leases’.

(3) For Customer Corp. the contract contains a lease. Prepare the journal entries, including narrations, for Customer Corp. from 1 July 2019 to 30 June 2020 to record the lease arrangement consistent with AASB 16 – ‘Leases’.