Cozy Catering, Inc. has provided the following information pertaining to the store's month ended October 31, 2019:

Note: these are not debits and credits, they are in 2 column just to make them fit.

Prepare an income statement through operating income for the month ended October 31, 2019.

You are developing a 100,000 sqft industrial building. The bank is financing 60% of the total project cost, interest-only at 4%, while the balance is funded by the MP. The draw schedule is as follows

July 2020: 2.0M

August 2020 - March 2021: $1.0M/month

The total budget is $10.0M

Assume the construction interest for a given month is equal to the monthly interest rate times the prior month outstanding balance plus current month draw, for example, October interest = monthly rate*(loan balance in September + October draw). The construction interest is accrued through June 30, 2021. What is the estimate of total construction interest paid by capital partners?

On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 93,000 shares authorized, issued, and outstanding $ 930,000 Paid-in capital in excess of par value, common stock 321,000 Retained earnings 1,032,000 Total stockholders’ equity $ 2,283,000 1. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 7,100 shares of its own common stock at $46 per share on October 11. Sold 1,525 treasury shares on November 1 for $52 cash per share. Sold all remaining treasury shares on November 25 for $41 cash per share.

Problem:

On November 1, 2019, Norwood borrows $200,000 cash from a bank by signing a five-year installment note bearing 8% interest. The note requires equal payments of $50,091 each year on October 31.

Question:

Record the first installment payment on October 31, 2020. Assume no reversing entries were prepared. (PS i already looked for the answer in chegg and tried them but it keeps saying it's wrong... the two accounts used in this problem are interest expense and interest payable. I got interest expense which is the $13,333, but interest payable isn't the same and I cannot seem to find the right answer)

Earthquakes are not uncommon in California. An article in the Annals of the Association of American Geographers investigated many factors that California residents consider when purchasing earthquake insurance. The survey revealed that only 133 of 337 randomly selected residences in Los Angeles County were protected by earthquake insurance. Test the hypothesis that less than 40% of the residents of Los Angeles County were protected by earthquake insurance. Use α =.10. a. What should our competing hypotheses be? Write in symbolic notation. b. Decide on the significance level, ? and find the critical value. c. Compute the test statistic. d. Make a decision about the null hypothesis and interpret the result of the hypothesis test. e. Write a conclusion for your hypothesis test

Foley Corporation has the following capital structure at the beginning of the year: Common stock, $10 par value, 400,000 shares authorized, 40,000 shares issued and outstanding 400,000 Paid-in capital in excess of par 110,000 Total paid-in capital $ 510,000 Using the journal paper provided, record the following transactions which occurred consecutively: 1. 8,000 shares of common stock are issued in exchange for land valued at $200,000. The stock is currently selling for $20 per share. 2. 5,000 shares of common stock are sold for cash at $19 per share. 3. A cash dividend of $1.20 per share was declared on the common stock. 4. A 15% common stock dividend was declared. The current market value of the common stock is $18 a share. 5. Bought 350 shares of common stock as treasury shares at $50. 6. Sold all 350 shares of treasury stock at $55. 7. Paid the cash dividend declared in 3. 8. Distributed the stock dividend declared in 4.

A T-bill that is 275 days from maturity is selling for $96,010. The T-bill has a face value of $100,000.

a. Calculate the discount yield, bond equivalent yield, and EAR on the T-bill.

b. Calculate the discount yield, bond equivalent yield, and EAR on the T-bill if it matures in 350 days.

Calculate the discount yield, bond equivalent yield, and EAR on the T-bill. (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) PART A

Calculate the discount yield, bond equivalent yield, and EAR on the T-bill if it matures in 350 days. (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) PART B

Company name: ikeGPS Group Ltd

Discussion

(Use NZX website, from its financial profile, we could get this chart for 4 years.)

Annual report from NZX website, is used to analysis this company.

Liquidity

Introduce why it is important to assess liquidity

Outline the basic ratios used to assess liquidity, and provide an analysis of your company’s liquidity position relative to the previous year

Refer to the appendix where you have calculated or obtained the relevant liquidity ratios

Conclude as to whether or not this company is demonstrating good liquidity

300 – 350 WORDS

Financial Structure

Introduce why it is important to assess financial structure (or gearing)

Outline the basic ratios used to assess financial structure, and provide an analysis of your company’s financial structure relative to the previous year

Refer to the appendix where you have calculated or obtained the relevant financial structure ratios

Conclude as to whether or not the company shows a strong financial structure

300 – 350 WORDS

Use the following information for questions 5 and 6.

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Prince George's favorite toy is a wooden fire truck created by a small company in London, and given to him by his great-grandmother. Seeing an opporitunity, a local business man has incorporated the Prince George Toy Company to wholesale the toy to retailers throughout the United Kingdom. He purchases the truck at $4.00 per unit and sells it at wholesale for $10.00 per toy. With the Christmas season coming up, the company expects the following pattern of sales into the new year:

Q6. Cash Disbursements

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Because the supplier is local, Prince George Company is able to keep a minimum inventory on hand. Their closing inventory balance at the end of any month should be half of the sales for the next month. Inventory at the beginning of October is 800 units.

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Purchases from the manufacturer are paid over a two-month period. 40% of purchases are paid in the month of purchase and 60% are paid in the month following purchase. In addition, they pay a commission to their sales force of 6.0% of sales (paid in the month of sale).

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Finally, the company pays monthly rent of $4,000 and expenses depreciation of $1,600 per month. They will have a one-time payment of dividends in December amounting to $35,000.

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1. Compute how many toys need to be purchased in October, November and December

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2. Complete the following schedule of payments.

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