Study Hard Ltd has share capital of $2.7 million (1,200,000 shares) on 30 June 2012. At that date it also had a general reserve of $300,000 and retained profit of $640,000. On 1 September 2012, the directors authorised a public share issue on the basis of 200 000 shares. The shares were offered for subscription at $2 per share on application and $0.5 per share on call. The offer closed on 1 October 2012 with applications for 220 000 shares. Excess application monies were refunded on a pro rata basis. A call was made on the 4 November 2012.The call money was received on 28 November 2012 on all shares. On 4 February 2013 an interim dividend of 5 cents per share was paid on all shares (paid out of the retained earnings). Profit after tax for the year ended 30 June 2013 was $750,000. A final dividend was declared on all shares 30 June 2013 of 7.5 cents per share from retained earnings and $100,000 was transferred from the general reserve.
REQUIRED: Record general journal entries for above transactions for the year ended 30 June 2013.
In: Accounting
From the historical data, the firm has determined the following
transition matrix:
|
New Account |
1M Overdue |
2M Overdue |
3M Overdue |
Paid |
Bad Debt |
|
|
New Account |
0.0 |
0.6 |
0.0 |
0.0 |
0.4 |
0.0 |
|
1M Overdue |
0.0 |
0.0 |
0.5 |
0.0 |
0.5 |
0.0 |
|
2M Overdue |
0.0 |
0.0 |
0.0 |
0.4 |
0.6 |
0.0 |
|
3M Overdue |
0.0 |
0.0 |
0.0 |
0.0 |
0.7 |
0.3 |
|
Paid |
0.0 |
0.0 |
0.0 |
0.0 |
1.0 |
0.0 |
|
Bad Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
1.0 |
For example, if an account is two months overdue at the beginning
of a month, there is a 40% chance that at the beginning of next
month, the account will not be paid up (and therefore be three
months overdue) and a 60% chance that the account will be paid up.
It is assumed that after three months, a debt is either collected
or written off as a bad debt. Once a debt is paid up or written off
as a bad debt, the account is closed, and no further transitions
occur.
What is the probability that a new account will eventually be
collected?
| A. |
0.700 |
|
| B. |
0.964 |
|
| C. |
0.880 |
|
| D. |
0.036 |
|
| E. |
0.940 |
In: Statistics and Probability
In: Anatomy and Physiology
A firm has the following project (assume that the expenditures
are at the end of the year in question):
1) The land will be acquired for $ 500,000 in year zero
2) The first year, $ 1 million will be spent on the construction of
the plant.
3) The equipment will be purchased on year 2 at a cost of $1.5
million.
4) The third year, $ 500,000 will be disbursed to start operating
the plant.
5) The plant and equipment will depreciate in a straight line for
the next 10 years, beginning year 4 (project ends in year 13). The
equipment and the physical construction will be worthless after
these 10 years, but the land can be sold at its original cost, when
the plant is closed.
6) The annual income (during the 10 years, that is, from the 4th to
the 13th year) is 2 million.
7) The annual fixed cost (excluding depreciation) will be $
200,000
8) The variable costs are annually of $ 300,000, assuming that the
plant operates at its maximum capacity during the 10 years
9) The tax rate will be 50 percent as it will be treated as if it
were a private business of the state itself (i.e. treat the state
as a company, that is, pure neoliberalism)
Calculate the Net Present Value of the Project, if the discount rate is 14%.
In: Finance
Please help to answer question for 5 drugs
1. Classification:
2. General Indications
3. Adverse Side Effects:
4. Contraindications:
5. Labs to Review:
6. Special Considerations (Before administration, After administration, Nursing Considerations)
Drug name
1.acetaminophen (TYLENOL)
2. LORazepain (ATIVAN)
3. Heparin 5,000 units/mL injection
4. HydroCHLOROthiazide
5. Tamsulosin (FLOMAX )
Please answer base on David guide drug book
In: Nursing
A local Birmingham-area restaurant chain introduced a new summer menu in its Vestavia Hills location, but not its Mountain Brook location. Nightly revenue averaged $6,000 in Vestavia Hills and $4,000 in Mountain Brook before the menu change, but $7,000 in Vestavia Hills and $3,000 in Mountain Brook after the menu change. The difference-in-difference estimate of the increase in average nightly revenue attributable to the menu change is
a.$4,000
b. $0
c.$1,000
d.$2,000.
In: Economics
November 21, 1980, was the day of a tragic fire in the MGM Grand Hotel in Las Vegas. At the time of the fire, the hotel had only $30 million of liability insurance. One month after the fire, the hotel bought an extra $170 million of liability coverage for a premium of $37.5 million, retroactive to November 1, 1980 (before the fire). Based on your knowledge of present value concepts, why would insurers be willing to issue insurance to MGM under these conditions?
In: Finance
In: Biology
John bought a car three years ago for $20,000 for personal use. In 2002, his car was totally destroyed by a tree that fell on the car. John did not have insurance that covered this event. The car’s fair market value before the tree came down was $9,000 and it was worth $0 after the accident. He has no other personal casualty gains or losses and his AGI for the year was $50,000. John’s personal casualty loss is $8,000. True/False and Explain.
In: Accounting
A pizza pan is removed at
2 : 00 PM2:00 PM
from an oven whose temperature is fixed at
425 degrees into a room that is a constant
71 degrees
After 5 minutes, the pizza pan is at 300 degrees F.300°F.
(a) At what time is the temperature of the pan 125 degrees F?
(b) Determine the time that needs to elapse before the pan is 200 degrees .
(c) What do you notice about the temperature as time passes?
In: Math