What trends will shape the Global Gig Economy from 2020 on?
In: Economics
In: Economics
In: Economics
Create your own 2020 Health Objectives for older people.
In: Biology
Prepare any correcting entries to adjust inventory to its proper amount at December 31, 2014. Assume the books have not been closed.
Craig Company asks you to review its December 31, 2014,
inventory values and prepare the necessary adjustments to the
books. The following information is given to you.
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In: Accounting
Suneview Ltd., a listed public company with actively traded securities, issued debentures with a total term of fifteen years and a face value of $1,000 to the public exactly five years ago for $1,000 each. The debentures were issued at an annual coupon interest rate of 12% p.a. with payments annually in arrears. Interest rates for debentures of a similar risk to those of Suneview Ltd. are currently (five years after originally being issued) being traded at a premium of 3% above the government bond rate. A new series of government bonds (Series XXIV) were issued today for a ten-year term at an annual coupon interest rate of 5% p.a. (with payments annually in arrears), a face / par value of $1,000 and a current yield to bondholders of 7% p.a.
Required:
a) Given the information provided above, how much would you pay today for Suneview Ltd. debentures? Show all relevant calculations and briefly explain the basis for the change in price, if any, from the original issue price of $1,000 using appropriate finance terminology / reasoning.
b) Assume that a further three years has elapsed since the calculations undertaken in part a) of this question (a total of eight years after the original debenture issue), and the premium on Suneview Ltd. debentures has increased to 5% above the government bond rate. No further government bonds have been issued since Series XXIV bonds which closed trading today at a yield of 9% p.a.
i) How much would you now (a total of eight years after the original debenture issue) pay for Suneview Ltd. debentures?
ii) Briefly discuss the possible ‘real-world’ factors that may have caused the differences in the premium on Suneview Ltd. debentures as compared to the government bond rate (from 3% to 5%). Note: This part of the question has a different focus than the response required in part a) of this question.
In: Finance
The following information relates to Bongo Beets:
| Particulars | 2020 | 2019 |
| Net Sales (all on account) | $5,00,000 | $4,00,000 |
| Cost of goods sold | 3,90,000 | 2,95,000 |
| Ending accounts receivable | 30,000 | 26,000 |
| Ending Inventory | 47,000 | 44,000 |
What is Bongo's 2020 average days to sell inventory
(a)26 days
(b)1 month
(c) 41 days,3 hours
(d)4 43 days
In: Accounting
John plans to invest $200 at the end of every quarter for next 2 years. Assume that today is January 1st, 2020. He expects to earn 10% annual rate of return with monthly compounding.
2.a Calculate the interest rate to be applied
2.b Calculate the future value at the end of 2 years (December 31st, 2021)
2.c Calculate the present value as on today (January 1st, 2020)
In: Finance
(TANGIBLE ASSETS) On January 1, 2017, the Morgantown Company purchased equipment with an original cost of $30,000. It estimates a 10 year-life with no salvage value. The company uses straight-line depreciation method. However during year 3 (year 2020), Morgantown Company estimates that it will use the machine for an additional 9 years.
Required: Compute the revised annual depreciation and prepare the journal entries on December 31, 2020.
In: Accounting
In: Accounting