1. On January 1, 2020, North Country Co issued 10-year, 7 percent bonds with a face value of $1 million. The market rate for bonds of this class at the time of issue was 8%.   Interest is payable annually, with the first payment due on December 31, 2020.

a. Compute the issue price of the bonds.

b. Show the journal entry to record the issuance of the bonds on January 1.

c. Show the journal entry to record the first interest payment.

Assume you have been given $400,000 CAD with access to all listed stocks, bonds, futures, and options worldwide. You can trade in options and futures, in combination with the underlying asset. Assume today is Feb 1, 2020 and you have been given $400,000 CAD fake money to trade until April 20, 2020.

Perform a protective put strategy.

Describe the trade and provide the reason for such trade.

Please provide table and or/ graph.

Veronica filed as a single taxpayer in 2019. Her AGI was $249,000, and itemized deductions were $45,600. Her local property taxes were $15,600 and her state income taxes were $20,000. In 2020, Veronica received a $3,000 refund of the state income taxes she paid in 2019. The standard deduction for single filers in 2019 was $12,200.

Apply the tax benefit rule to determine the amount of the state income tax refund included in gross income in 2020.

Use the AD/AS model to speculate what happened with rGDP and inflation during the COVID-19 pandemic and quarantine from March 2020 to July 2020. Here's a link to an interesting article on consumer spending behavior (Links to an external site.) to get you started.

1. An analysis on the COVID-19 pandemic using the AD/AS model, including thorough explanation of the relevant shifters of the AD and/or AS model.
2. A detailed explanation of what may happen to inflation and rGDP as a result of your analysis.

1. Stanford Company has contracted to build for the City of New London a new courthouse. The estimated cost of the project is $6,000,000, and the contract price is $9,000,000. The courthouse took three years to complete as follows:

                                                2018                       2019                       2020
Costs to date                      $1,500,000           $4,000,000           $6,200,000
Cost to complete             $4,500,000           $2,200,000           $0

Amounts billed to date $1,400,000           $5,800,000           $9,000,000
Amounts collected to date
                                             $1,300,000           $4,300,000           $9,000,000

Determine the gross profit to be recognized for

                                         2018                           2019                   2020

TASK 1                                                                                                                       [7 marks]

Study about any product and analyze the following 4 Ps:

• Product
• Price
• Place
• Promotion

Appropriate illustrations should be included for all 4 Ps.                                                     

TASK 2                                                                                                                       [8 marks]

Study about the same product and explain all the stages of PLC with illustration and examples.                                                                                                     

Submit an assignment TASK 1 by 29^th October 2020 soft copy through e-learning and TASK 2 by 19^th November 2020.

Find the following present values on October 31, 2020.

a) Canadian T-bill maturing for $1.2 million in 273 days based on a yield rate of 1.25%

b) $10,000 due on March 31, 2025 at a force of interest of 5%

c) $3,600 due on April 30, 2022 at a nominal rare of discount of 6%, compounded 6 times a year.

d) Payments on $10,000 made every November 1 from 2020 to 2025 at 6.5% interest.

On January 1, 2020, Cullumber Corporation had $1,125,000 of common stock outstanding that was issued at par. It also had retained earnings of $746,500. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $410,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2020, for the following independent assumptions. a. Par value is $10, and market price is $19. b. Par value is $5, and market price is $20.

Flounder Enterprises Ltd. purchased machinery on January 1, 2015. The machinery cost $257,000, and was estimated to have a ten-year useful life and a residual value of $70,000. Straight-line depreciation was recorded each year-end (December 31) to the end of December 31, 2019. On January 1, 2020, Flounder re-evaluated the machinery. It was now believed that the equipment’s total life was expected to be 15 years.

Prepare the journal entry to record depreciation for 2020.

Sarah is single. She files her tax return as Single. Her 2020 income from wages is $450,400. She has “net long-term capital gains” of $100,000. Total 2020 gross income is $550,400. Sarah is under 65 years of age and does not itemize her deductions. What is Sarah’s total federal income tax?

A) $112,829.75       

B) $128,095.50.     

C) $147,922.50

D) $149,701

please show work thank you