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?

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.)

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.

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.

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.

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?

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).

On September 1, 2020, Kingbird Company sold at 104 (plus accrued interest) 5,400 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Kingbird Company bonds. Interest is payable on December 1 and June 1.

Prepare in general journal format the entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

The Government of Ghana, through the Ministry of Trade and
Industries (MOTI) has called for Business Plans from all ‘Year 2020’
Ghanaian graduates of tertiary institutions across the country to access a
seed money for setting businesses through Stimulus Package known as
the COVID FUND. It is important to note that the Fund Managers require
applicants to show proof of how feasible their plans would be. This
implies that you are expected to explicitly show how and when the venture would pay back the investment, at what point would the venture break even as well as the opportunity cost of you venture (e.g., Time Value of Money(TVM) like NPV, BCR and IRR). Fortunately for you, after a semester's course in Entrepreneurship, you have learnt about how to write a pitching business plan. How would you go about this onerous task?

The Government of Ghana, through the Ministry of Trade and Industries (MOTI) has called for Business Plans from all ‘Year 2020’ Ghanaian graduates of tertiary institutions across the country to access a seed money for setting businesses through Stimulus Package known as the COVID FUND. It is important to note that the Fund Managers require applicants to show proof of how feasible their plans would be. This implies that you are expected to explicitly show how and when the venture would pay back the investment, at what point would the venture break-even as well as the opportunity cost of your venture (e.g., Time Value of Money (TVM) like
NPV, BCR & IRR). Fortunately for you, after a semester’s course in Entrepreneurship, you have learnt about how to write a pitching business plan. How would you go about this onerous task?

management studies