Dubai Expo 2020
How Dubai win the bid?
In: Operations Management
The current December 2020 copper futures contract has a futures price of 3.0620 per pound. The current December 2021 copper futures contract has a futures price of 3.0895 per pound. T-Bill rate is 0.13% per year. Storage costs about $.05 per pound per year. What is the implied convenience value from December 2020 to December 2021?
In: Finance
Prepare journal entries for the following transactions: a. A machine that cost $10,000 with a residual value of $2,000 is fully depreciated and discarded. b. A machine purchased on January 1, 2020 for $20,000, with a useful life of 4 years, and a residual value of $4,000, is sold on April 1, 2020 for $8,000. Use the straight-line method. c. A machine that cost $15,000, has accumulated depreciation of $12,000 is sold for $5,000.
In: Accounting
On June 1, 2020, Pitt Corp sold merchandise with a list price of P50,000 to Bull on account. Pitt allowed trade discounts of 30%, 20%, and 10%. Credit terms were 2/15, n/40 and the sale was made FOB destination. Bull paid P2,000 of delivery costs. On June 12, 2020, how much did Pitt receive from Bull as full payment?
In: Accounting
Your company sells a product bundle that includes software and a 3 year service contract for $100,000, The company installed the software on July 1, 2020, and the client paid $50,000 cash. The balance is due on December 31, 2020. What if:
(a) the performance obligations are interdependent and cannot be separated out or sold separately.
(b) the performance obligations are not interdependent ( The service contract is sold separately for $25,000 and the software for $100,000.)
In: Accounting
On January 1, 2020, Sheffield Company purchased 8% bonds having a maturity value of $240,000, for $260,219.71. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Sheffield Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
In: Accounting
Using Excel to Construct event dummy (or binary) variables to represent three international events :
(i) The Asian financial crisis – one from Aug 1997 to Jul 1998, zero otherwise.
(ii) The Global Financial Crisis (GFC) – one from Feb 2007 to Feb 2009, zero otherwise.
(iii) Covid-19– one from Jan 2020 to Mar 2020, zero otherwise.
In: Finance
Comfort Company manufactures pillows. The 2020 operating budget is based on production of 1,000 pillows with 0.50 machine-hour allowed per pillow. Budgeted variable overhead per hour was $10. Actual production for 2020 was 750 pillows using 400 machine-hours. Actual variable costs were $9 per machine-hour.
Required: Calculate the variable overhead spending and efficiency variances.
In: Accounting
Ingenuous Company acquired a building on January 1, 2020 for P9,000,000. At that date, the building had a useful life of 30 years.
On December 31, 2020, the fair value of the building was P9,600,000 and on December 31, 2021, the fair value is P9,800,000.
The building was classified as an investment property and accounted for under the cost model.
What amounts should be carried in the statement of financial position and recognized in profit or loss for 2021?
In: Accounting
Choose an example of encryption software and start a thread in this forum. These two articles discuss a few: The Best Encryption Software of 2020 (Links to an external site.) and Best encryption software of 2020: Free, paid and business tools and services (Links to an external site.). Compare and contrast the encryption software discussed and include links to resources you found that helped you understand the software (and/or concept of encryption).
In: Computer Science