You have on your schedule to receive street light products from your regular vendor in July 2020.On the 10th June 2020, you learnt from the news that the Vendor’s warehouse has been destroyed by fire and that they may not be able to recover in the next 12 months.
What type of Risk is this? Mention 4 possible things you will do?
Give 2 examples for each of the followings Risks that may apply to your project, 1Known unknown, 2 Unknown unknowns
In: Operations Management
Roden Ltd. has a December 31 year end. The Company leases its office space under a lease that was signed on January 1, 2016. The lease term is 5 years, with an option to renew at an increased rent for an additional 2 years. In 2016, the Company spent $74,000 renovating the premises. In 2020, changing needs require the Company to spend another $16,000 renovating the space. Determine the maximum amount of Class 13 CCA that the Company can deduct for 2020 and 2021.
In: Accounting
TTT is a television ratings company. TTT announced that on 11th of June 2020, for a specific program on DDD TV channel, 10% of all televisions in NY tuned to DDD TV channel. It is known that the similar specific program will be presented on 25th of June 2020 on DDD TV channel. What is the probability that in a random sample of 20 television sets in NY , 3 or fewer would have been tuned to DDD TV channel? Find the mean and standard deviation. Explain your solution in detail.
In: Statistics and Probability
On January 1, 2020, Pele Industries purchased a machine for use in its production process. Its cash price was R$35,000. Related expenditures included: sales tax R$2,200, shipping costs R$150, insurance during shipping R$80, installation and testing costs R$70, and R$100 of oil and lubricants to be used with the machinery during its first year of operations. Provide the journal entry to record the purchase of this machine on January 1, 2020.
In: Accounting
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 bear spread (either call or put) strategy.
Describe the trade and provide the reason for such trade.
Please provide table and or/ graph.
In: Advanced Math
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 butterfly spread (either call or put) strategy.
Describe the trade and provide the reason for such trade.
Please provide table and or/ graph.
In: Finance
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 bull spread (either call or put) strategy.
Describe the trade and provide the reason for such trade.
Please provide table and or/ graph.
In: Finance
On February 1, 2020, a company agreed to construct a building at a contract price of $35,000. The company estimated the project would be finished in 2022. Information relating to the costs and billings for this contract is as follows:
2020 2021 2022
Total costs incurred to date $8,000 $10,000 $22,000
Estimated costs to complete 12,000 6,000 -0-
Customer billings to date 8,000 24,000 29,000
Collections to date 4,000 14,000 25,000
The journal entry to record Billings on Construction in Process in 2021 has the amount of _________.
In: Accounting
In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows: 2018 2019 2020 Cost incurred during the year $ 2,044,000 $ 2,628,000 $ 2,890,800 Estimated costs to complete as of year-end 5,256,000 2,628,000 0 Billings during the year 2,170,000 2,502,000 5,328,000 Cash collections during the year 1,885,000 2,600,000 5,515,000 Westgate recognizes revenue over time according to percentage of completion. Required:
In: Accounting
Norr and Caylor established a partnership on January 1, 2019. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000. For both partners, the beginning capital balance was to equal the initial investment. Norr and Caylor agreed to the following procedure for sharing profits and losses:
12% interest on the yearly beginning capital balance
$10 per hour of work that can be billed to the partnership's clients
the remainder divided in a 3:2 ratio
The Articles of Partnership specified that each partner should withdraw no more than $1,000 per month, which is accounted as direct reduction of that partner’s capital balance. For 2019, the partnership's income was $70,000. Norr had 1,000 billable hours, and Caylor worked 1,400 billable hours. In 2020, the partnership's income was $24,000, and Norr and Caylor worked 800 and 1,200 billable hours respectively. Each partner withdrew $1,000 per month throughout 2019 and 2020.
Determine the amount of net income allocated to each partner for 2019.
Determine the balance in both capital accounts at the end of 2019.
Determine the amount of net income allocated to each partner for 2020. (Round all calculations to the nearest whole dollar).
Determine the balance in both capital accounts at the end of 2020 to the nearest dollar.
In: Accounting