An insurance company insures large number of independent individual houses. The expected
average loss for each house for 1 year period is $600, and the standard deviation of the average
loss is $100. Let us assume that the average loss follows the normal distribution. Using
Normdist() function in Excel, calculate the probability that the average loss will exceed $850 (show the detailed steps)

Ratio analysis of financial statements allows us to see how well a company is operating versus its past and in relation to other companies. Pick one type of ratios d and share how the ratio is calculated and what the results mean.

If you could explain one so that I, a non accounting major who is struggling to understand, might get it.

Use google to search for VPN uses. Make a list of how a company that hires remote employees might us a VPN. What kinds of hardware and software do you need to run a VPN? List general steps to install and use a VPN. Describe security risks of using VPNs to a business. Submit your findings in a brief 250 word essay.

Provided below is the incomplete income statement (for 2020) and balance sheet (Dec 31 2019 and Dec 31 2020) for SCOTTY Inc. SCOTTY Inc. Income Statement For the year ended Dec. 21, 2020 Net sales $8,953 Cost of goods sold $5,865 Depreciation $? EBIT $? Interest paid $675 Earnings before taxes $? Taxes $400 Net income $705 Dividends paid $? Addition to retained earnings $450 SCOTTY Inc. Balance Sheet as at December 31, 2019 and 2020 2019 2020 2019 2020 Cash $725 $1,135 Accounts payable $859 $1,031 Accounts rec. $2,330 $? Notes payable $? $4,020 Inventory $3,240 $5,202 Current liabilities $? $? Current assets $? $? Long-term debt $9,250 $9,750 Net fixed assets $? $9,211 Common stock $250 $? Retained earnings $? $2,797 Total assets $16,083 $17,848 Total liabilities & equity $? $? a) Fill in the missing values for entries in the income statement and balance sheet in the table provided below. MISSING ENTERIES VALUES Depreciation EBIT Earnings before taxes Dividends paid Current assets (2019) Net fixed assets (2019) Notes payable (2019) Current Liabilities (2019) Retained earnings (2019) Total liabilities & equity (2019) Accounts receivables (2020) Current assets (2020) Current Liabilities (2020) Common stock (2020) Total liabilities & equity (2020) b) What is the company’s net working capital at the end of 2019 and at the end of 2020?

The Williams Company, a U.S.-based company, owns 100% of a European Subsidiary (ES). The investment in ES totals $10 million (euros 13.5 million) as of the end of Year 1. This represents an initial investment of $6 million and retained earnings of $4 million. The Currency Translation Adjustment (CTA) account included in Other Comprehensive Income (OCI) totals $1 million (loss) at the end of Year 1.

During Year 2, Williams decided to sell 25% of ES to the Tremont Company, an unrelated U.S.-based Company for $15 million in cash. The closing date of the transaction is June 30 of Year 2. Earnings of ES for the six months of Year 2 are $1 million and there was an additional increase of $200,000 in the CTA during the first six months of Year 2. No dividends have been paid by ES to Williams.

Instructions:

1. Calculate the gain or the loss on the partial disposal by Williams of ES as of June 30, Year 2, under both the US GAAP and IFRS. Make sure you show the details of both calculations and provide authoritative references supporting the basis and the reasoning for each of your calculations.
2. Assume that during January Year 2, ES paid a dividend to Williams of euro 6.75 million ($5 million). How would that dividend be treated by Williams under both the US GAAP and IFRS? What impact, if any, would this dividend have on the CTA account of Williams under both the US GAAP and IFRS? Make sure you show the details of any calculations and provide authoritative references supporting the basis and the reasoning for each of your calculations, if any.
3. Assume that Williams’s investment in ES totals $6 million, the amount of the original investment. ES had not made any money since being formed by Williams as of December 31, Year 1, management has decided to sell ES, and to evaluate ES for any impairment charge in its Year 1 financial statements. The CTA totals $1 million at the end of Year 1. How would the evaluation of ES differ under the US GAAP and IFRS? Make sure you show the details of any calculations supported by authoritative references when answering this question.

• Your submission should be a minimum of 3 pages in length, not including the required cover and reference pages. Longer submissions are permissible.

QUESTION FIVE

The cash balance of Bison Corporation was 14,426 as at October 31, 2020. The balance of bank statement on the same day was $9,926. Following summarizes the differences between bank and books:

1. Deposits in transit as at September 30 was $1,108.
2. Deposits recorded in the books and bank during October were 9,630 and $7,410.
3. Outstanding cheques as at October 31 amounted to $136.
4. Electronic receipts from customers totaled $814, but these receipts have not yet been recorded by Bison in October.
5. Interest revenue earned in October totaled $307 and it hasn’t been recorded by Bison.
6. The bank returned an NSF cheque in the amount of $2,211 that deposited on October 13. The cheque was a payment on a customer’s account.
7. The bank charged Bison $188 for services in October, including $158 for bank service changes and $30 for processing the NSF cheque.
8. The bank made a mistake in processing a payment of $522 as $552.

reconciliation as at October 31, 2020.

[Q1. ] Prepare any necessary journal entries for bank reconciliation as at October 31, 2020.

[Q2] What is the reconciled balance of cash as at October 31, 2020?

I already knew the answers. I want to know the solution to getting answers.

Your software company was invited to provide a proposal for a company in Australia. You currently have the cost in US dollars and need to convert the prices to the Australian dollar. Write a 2-part program using Ruby, Java®, or Python. Part 1: Write a function to gather the following costs from the user: Travel Cost: $9,800 Hotel Cost: $3,500 Rental Car Cost: $1,600 Labor Cost: $15,500 Part 2: Write a function to convert the costs from United States dollar (USD) to Australian dollar (AUD). Note: Look up the current USD to AUD exchange rate to use in your function. Test the program 3 times by providing different costs in USD. Provide the code and take a screenshot of the output, then paste the screenshot(s) into a Microsoft® Word document. Write a half-page response in the same Microsoft® Word document to address the following: Provide a manual for the user explaining how to use the program. Explain what type of user input validations you should have. What happens if the user enters a negative number? What happens if the user puts a $ in the input?

Quotes for the US dollar (US$) and Thai Baht (Bt) are as follow:

Spot contract midpoint S0Bt/US$=Bt 24.96/US$
1-year forward midpoint F0Bt/US$=Bt25.64?US$
1-year Eurodollar interest rate I$=6.125%per year

a) Your newspaper does not quote 1-year Eurocurrency interest rates on thai baht. Make your own estimate of iBt.

b) Suppose that you can trade at the prices for S0Bt/US$ , F0Bt/US$ and I$ just given and that you can also either borrow or lend at a Eurocurrency interest rate of iBt = 10% per cent. Based on a $1 million initial amount, how much profit can you generate through covered interest arbitrage ?

Deliberate Speed Corporation (DSC) was incorporated as a private company on June 1, 2017. The company’s accounts included the following at June 30, 2017:

During the month of July, the company had the following activities:

1. Issued 3,620 shares for $362,000 cash.
2. Borrowed $128,000 cash from a local bank, payable June 30, 2020.
3. Bought a factory building for $220,000; paid $101,000 in cash and signed a three-year note for the balance.
4. Paid cash for equipment that cost $238,000.
5. Purchased supplies for $35,700 on account.

Required:
1. Analyze transactions (a)–(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.)

2. Record the transaction effects determined in requirement 1 using a journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

3. Summarize the journal entry effects from requirement 2 using T-accounts.

4. Prepare a classified balance sheet at July 31, 2017.

5. As of July 31, 2017, has the financing for DSC’s investment in assets primarily come from liabilities or from shareholders’ equity?

• Shareholders’ equity

• Liabilities