Questions
The following transactions apply to Jova Company for Year 1, the first year of operation: Issued...

The following transactions apply to Jova Company for Year 1, the first year of operation: Issued $10,000 of common stock for cash. Recognized $210,000 of service revenue earned on account. Collected $162,000 from accounts receivable. Paid operating expenses of $125,000. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 1 percent of sales on account. The following transactions apply to Jova for Year 2: Recognized $320,000 of service revenue on account. Collected $335,000 from accounts receivable. Determined that $2,150 of the accounts receivable were uncollectible and wrote them off. Collected $800 of an account that had previously been written off. Paid $205,000 cash for operating expenses. Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 0.5 percent of sales on account. Required Complete the following requirements for Year 1 and Year 2. Complete all requirements for Year 1 prior to beginning the requirements for Year 2. c. Organize the transaction data in accounts under an accounting equation for each year.

In: Accounting

Suppose that beef sells for US$15 per kg in the USA and A$20 per kg in...

Suppose that beef sells for US$15 per kg in the USA and A$20 per kg in Australia. Assume the exchange rate was A$1.2 per US$1

If a lot of people behaved like you and the exchange rate between the US$ and A$ was a flexible rate, what would happen to the exchange rate? What would the equilibrium exchange rate be if the US dollar price and the Australian dollar price for beef stayed the same?

In: Economics

Suppose that Congress and the President enact legislation that provides a tax rebate to businesses to...

Suppose that Congress and the President enact legislation that provides a tax rebate to businesses to purchase capital goods. Assume other countries make no policy changes. You can write up, down, or flat in the boxes.

US real interest rate

US Domestic Investment

US Net Capital Outflow

US Real Exchange Rate

Net Exports

A decline in Investment Demand

An Increase in the Savings Rate

In: Economics

Question 3. Impact on China    (a) Why is China under pressure to make a trade...

Question 3. Impact on China

   (a) Why is China under pressure to make a trade deal with the US?
In your answer Identify and explain two negative impacts the US tariffs have had on the Chinese economy.

(b) Do you believe China will make a trade deal or fight back / retaliate against the US, or is the US under pressure to make a deal?
Briefly explain 2 reasons for your answer.

In: Economics

According to the EPA (link below), China is responsible for the most CO2 emissions, with more...

According to the EPA (link below), China is responsible for the most CO2 emissions, with more than double that of the US and triple that of the EU nations combined.

With this in mind, if the US were to levy a tax on carbon emissions, would this have long term detrimental effects on US businesses if other countries were not to follow suit? How can the US address a global emissions problem without handcuffing its own economy?

In: Economics

Discuss an overview of the industry standard of radiation exposure for nuclear workers. What are the...

Discuss an overview of the industry standard of radiation exposure for nuclear workers. What are the advantages and disadvantages of individual montoring for radiation exposure? What industry standards place into the enforcement of individual monitoring?

In: Physics

How are Investor losses reported on an individual tax return? Do we financial account depreciation rules...

How are Investor losses reported on an individual tax return?

Do we financial account depreciation rules on our individual tax returns?

What does Cost Recovery mean?

In: Accounting

condition swyer syndrome . Compare the development of the individual with the condition you chose in...

condition swyer syndrome .

Compare the development of the individual with the condition you chose in question #1 with the development of an individual of the same sex chromosome set, but without any of the mutations that caused the condition

In: Biology

3. R has a built-in character vector of US State names, state.name. Use this character vector...

3. R has a built-in character vector of US State names, state.name. Use this character vector and R's character functions to answer the following questions.Show R code

(a) List all the US State names that are more than one word. How many are there?

(b) What is the longest US State name(s) (including spaces) and how long is it?

(c) What is the longest single word US State name and how long is it?

(d) List all the US State names, where all of the upper and lower case “a"s are replaced with a capital “Z".

In: Statistics and Probability

Suppose the current interest rate is 6%. What price should we expect to pay for a three-month Treasury bill with face value $10,000 that is a month old?

 

- Suppose the current interest rate is 6%. What price should we expect to pay for a three-month Treasury bill with face value $10,000 that is a month old?

- Suppose the US dollar is depreciating against the Canadian dollar by 5% per year. If the US nominal interest rate is 10%, and the risk premium is 1%, then Canad's nominal interest rate is:

- Suppose Canada and the US are in an equilibrium with a flexible exchange rate and a risk premium of 1%. The real rates of growth in Canada and in the US are both 3%, but the US interest rate is 8% and the Canadian interest rate is 11%. The Canadian dollar is:

In: Finance