Accounting Questions and Answers November 05, 2022

You are planning your audit approach for the year ended 31 August 2010: What areas would you regard as being of low risk and of high risk? Are there any areas where you might be inclined to spend restricted or no systems work?

a. Describe the meaning and value of logic. b. Describe the distinction between analytic and synthetic statements. Next, write examples of 2 analytic and 2 synthetic statements. c. Describe the distinction between a priori and a posteriori knowledge. Next give 2 examples for each category. QUESTION: a. Explain the difference between deductive

The fuelcost functions in Sh for three thermal plants are given by C 500 5.3P 0.0040P, C400 5.5P 0.006P C3 200 5.8P3 0.009P3 where P, P2, and P3 are in MW. Considering the units limit 200 P2450, 150 P22350, 100 P32225, Neglecting line losses,find (a) The optimal scheduling of generation for total load PD950 MW. (b) The total cost in Sh

A husband and wife want to borrow 100,000 at 12 interest compounded monthly for 20 years. They agree to a variable payment loan with payments increasing at 0.5 per month. Find the initial payment.

In the enterprise, which does not have semi-finished product stock at the beginning and end of the period, 8,000 tons of production was made during the period. Actual production expenses for the period: direct raw material and material expenses 150,000TL, direct labor expenses 110,000TL, general production expenses 140,000TL (variable 40,000TL,

The CEO of ABC Inc had an idea for developing a new vaccine to treat a relatively rare disease. By selling 10 million shares @ $50 each, she was able to raise $500 million to undertake R&D. After spending $425 million on R&D and a first round of trials, the vaccine was proved to be successful. ABC had not in the meantime, taken on any long-term

HTM Ltd (HTM) is a top 200 ASX publicly listed company incorporated in Australia. It manufactures products that it sells to retailers across all of Australia - although 85% of sales take place in NSW, the ACT and Queensland. Overall, HTM has 8,000 employees of whom 2,000 are male and 6,000 are female. It has 400 senior managers and 304 of these

Ms. Ghala LLC produces five products, A, B, C, D and E, all from the same material. Until now, it has used traditional absorption costing to allocate overheads to its products. The company is now considering an activitybased costing in the hope that it will improve profitability. Information for the three products for the last year is as follows

Two companies have stock for which the expected returns and return standard deviations are forecast as: Company A B Expected Return. 0.20. 0.20 Standard Deviation. 0.30. 0.30 Consider a portfolio made up of 60% in asset A and 40% in asset B. a. What is the expected return on the portfolio? b. Assume that the correlation between the returns of

Evergreen Inc. currently has a financial structure that consists of 25% debt and 75% stock. The debt of Evergreen presently has a yield to maturity of 7%. The risk-free rate (rRF) ias, while the market risk premium (rM - rRF) is 7. Evergreen's cost of equity is now estimated to be 14.5 percent using the CAPM. The corporation is taxed at a rate of

Jackie is a small business owner and has 4 staff members all of which perform the same tasks with more or less the same level of skills. Three of the staff members are paid wages of $12 per hour however the 4th staff member which is a brother that earns $18 per hour. What amount per hour can Jackie deduct for wages paid to her brother?

1. Suppose you invest $80,000 in the Raiford Commercial Bank paying 7.0% interest for exactly n = 9 years. You then leave the money in the bank but starting at n + 1, you make 4 annual withdrawals of an equal amount, emptying the account as the bank continuous to pay the same annual interest rate as during the accumulation period. To figure out

Labor trends were recently studied using a survey of respondents who were either unemployed (A) or employed (B). The survey results revealed that among those surveyed, 70% of those currently unemployed gain employment within the following month, and 30% remain unemployed. Meanwhile, 80% of those currently employed maintain employment through the

You are an oil trader working for an investment bank. An independent US producer wants to hedge its production. He needs to sell 50 KBBL, period JUN24. Hedge is financial, ie client will trade a bullet swap (1 day fixing at the expiry of the contract). Below the prices on CME screen. Maturity Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Dec21Dec22

Required: Prepare a Marketing Budget and Action Plan of campaign for the OLDTOWN White Coffee .

Achieve revenue target at 10 more than last period. According to the report, the revenue of the Old Town White Coffee Company Group in 2017 was RM 425,201,515 and the profit was calculated to be RM 60,014,413 for the year. However, this holds true for all products and services. We are unable to locate information about the sachets product on our

The revenue of a company is 10 Million. The Contribution Margin is 50% of Revenue and Fixed expenses are Rs. 2 Million. Amount of fixed Interest amount is 0.5 Million and Tax rate is 30%. a. You are required to calculate Operating & Financial Leverages. b. How these leverages are linked with revenue and profitability of the company? And how

(a) (b) Primark Corporation (PC here after) operates in retailing industry, a summary of its financial information on 31st Dec 2020 is in the following Net cash flow from operating activities after tax is 3,340 million Cash outflows for acquisition of a subsidiary is 2,120 million Cash inflows for disposal of a subsidiary is 880 Purchase of

There are 50,000 shares in stock A. The price of stock A is $597.95. The mean returns of Stock A are 500% and the standard deviation of the stock is 70%. What is the 1-day VaR of stock A?

TASK : Below are eight adjusting entries that need to be made at the end of the month (November). Provide accurate journal entries for each of these adjustments . Chart of Accounts:

Spicemup BV is a small private corporation. It imports hot sauces from around the globe and sells these to consumers and businesses in the Netherlands through its webshop. Spicemup BV was established in January 2016. The corporation currently has two full time employees Tina Tabasco and Jeanette Adjuma. Spicemup BV has three owners 40 of its

Tycon is a machine manufacturer and has a 31 December year end. The Lenis model is one of many models of machineries that it carries. Tycon spent significantly on research and development. The research and development costs of the Lenis model were $500,000 and $1,600,000 respectively. The development costs of the Lenis model are amortised on a

Baba Rafi wants to replace their existing BBQ machine in front of NSU gate 1 with a newly improved and more efficient equipment. The new machine will include grilling, as well as baking options with a burner. This means Baba Rafi is considering the introduction of flat bread pizzas. The old one costs $500,000 and was bought 5 years back. The old

Louise plans to retire next month when she is 65 years of age. She provides you with the following details single homeowner motor vehicle, household contents and other lifestyle assets have a market value of 200,000 cash management trust 50,000 bank savings account 10,000 fixed deposits 100,000 share portfolio 50,000. Determine Louises Age Pension

Louise plans to retire next month when she is 65 years of age. She provides you with the following details single homeowner motor vehicle, household contents and other lifestyle assets have a market value of 200,000 cash management trust 50,000 bank savings account 10,000 fixed deposits 100,000 share portfolio 50,000.,estimate Louises gross

A loaf of bread cost R5 at the start of 2000. At the end of 2021, it will cost R16.00 for the same bread. At what rate did the price of bread grow over aforementioned period?

The Prodigal Son teaches being an image of God the Father although the people closest to us such as family members and fellow church members communicate less than pro-God behaviors. The Father holding his boundaries forgave the younger and reminded the older not to past judgment onto the younger who struggle in faith and morals. The divinity and

Jo is employed at Accountech, a provider of technology software to the accounting industry. Accountech has 170 employees across Australia. Jo's role is as an analyst. Jo reports to the lead analyst and has been in the role for 18 months. This morning Jo overheard the lead analyst saying that his work is "not good enough". This is a big surprise to

Prepare a schedule of cost of goods manufactured for the month. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost Goods Sold.

Primare Corporation has provided the following data concerning last months manufacturing operations Purchases of raw materials Indirect materials used in production 31,000 4,790 59,200 88,200 Direct labor 4,030 Manufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials. Work in process Finished goods

Nikki buys a diamond ring from Shine Company for $13,900 (normal sales price, $17,920; Shine Company's gross profit percentage is 40 percent). What amount of taxable income does Nikki recognize?

A frictionless massspring system is as shown in Figure Q3. The spring stiffness, k, and mass, m, are 1000 Nm and 25 kg respectively. When time t 0 secs the mass is displaced by 10 cm and released from rest. For the system a) Determine the natural frequency of the resulting vibration, b) Calculate the strain energy stored in the spring before the

Futuretech LTD. recently completed a project for a client which yielded a profit of R2 000 000. The company now has the opportunity to either invest the profits from the project or to take on a new project. The company can either undertake the development of new software for which it can sign a contract now to sell it for R2500 000 in 3 years

The 2 bonds below are assumed to be similar in all characteristics except the following: Bond X Coupon Rate: 8% Bond Rating: AAA Convertible: Yes Bond Y Coupon Rate: 0% Bond Rating: BBB Convertible: No Which bond have a higher yield to maturity?

A bond with an unknown face value and a coupon rate of 10 (paid annually) matures in 10 years from now. The required return (YTM) is 5. Show your work i) Is the bond sold at premium or at discount Explain ii) If the face value of the bond is 1000, what is the current market price of the bond What is the current yield of the bond in part ii)

Blossoming Gardens sells landscaping materials. During the month of April 2019, the following transactions occurred. Assume zero balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts payable general ledger from the general journal. Purchased office supplies for 880 on account from Max Office

Your firm is a China-based CPA firm, called Jun & Hui CPA Ltd (JH). JH has recently accepted the work of external audit of Red Flag Scientific Co (RF), a research company to develop new vaccines for international disease control use. You are the audit senior responsible for RF's financial statements for the year ended at 31 Dec 2020. Due to

Suppose we have portfolio of two stocks. We assume that the risk free rate is 3. Volatility Stock Stock X Stock Y a. Expected return C. 15 7 40 What is the minimum variance portfolio when Px.x 0 What is its expected return and volatility b. What is the minimum variance portfolio when Px.x 0.4 What is its expected return and volatility What is

Ye Shiwen has lived her entire life in Canada. She had a great job opportunity in Beijing. On February 1st, she moved to Beijing and started her new job that day. While in Canada, she earned $9,000 per month, Her new job paid her $12,000 per month. Her husband and family only moved to China on June 30th. Calculate the amount of income that would

Assume that stock price for Standard Bank Namibia is trading N$ 30 today. A year from now, Standard Bank Namibia shares are worth N$ 45. The T-bill rate between today and a year from now is 10% annually. Consider a European call option written on the one Standard Bank share, which has a strike price of N$35 that matures a year from now. Assume

You are a senior manager in a local accounting firm with two offices and 3 partners. Your firm provides the external auditor of Huawe smartphone Ltd (Huawe) which innovates, designs and manufactures the smartphones for a variety of markets. The market for Huawe electronic components continues to grow. Currently the smartphone accounts for 55% of

Due to topographic constrains, the following data is enforced to design a horizontal highway circular curve with a transitional spiral Deflection angle 20 Radius of the Curve 2000 ft Twolane road (one lane per direction) and 12ft lane width Normal crossslope 2 Superelevation 8 For the spiral curve, C 1 fts Station of CS is 68874 Requirements

Frankadua Furniture Works located at Bomaa in the Ahafo Region has a rough estimate of the materials and labour cost of a set of living room furniture. It is expected that 8 cubic metres of timber, 6 cubic metres of foam and 12 square metres of fabric can be used. Glue, screws and other accessories will also cost GH80. The Carpenters who will do

Philip plans to save every six months in an investment account, with the initial deposit of 1,000 and each succeeding deposit being extra 100. Calculate the amount of the investment after 10 years if the investment earns j2 5.8.

Chang Company took a physical inventory at December 31, 2019 and determined that 3,990,000 of goods were on hand. Included in the count was inventory of 700,000 on consignment from Keiko Company. On December 30, Chang sold and shipped f.o.b. destination 820,000 worth of inventory. These goods arrived at the buyers place of business on January 2,

Prepare a retained earnings statement. Assume that the only changes in retained earnings during the current year were from net income and dividends

1 3 st Revenues 5 Rent revenue 6 Net sales 7 Gain on sale of land 8 Total Revenues 9 Expenses 10 Selling expenses 11 Administrative expenses 12 Cost of goods sold 13 Total Expenses 14 Income before income tax 15 Income tax expense 16 Net Income (Loss) 17 Earnings per share B O Corporation Income Statement For the Year Ended December 31, 2025

You own a share of UA and you decide to buy a put option as a means to protect yourself if the price of the stock goes down. The strike on the put is 178 whereas UA shares are being trading today at 180. Three days later, the price of UA stocks goes down to 59. What is the net profit of your portfolio Assume that the put premium (price at which

If C launches a new ebanking platform, its price will go up to 235. Else, C price will go down to 56. You are aware that C shares are being traded at 117. You also know that the riskfree rate is 5. What is the probability that C will go up 4

You are constructing a synthetic put on WEN. WEN shares are being traded today at 119. Therefore, you open a long position on a call and you simultaneously short WEN stock. Three days later, the price of WEN shares goes up to 171. What is the value of the synthetic put

Sara Technologies invested $50,000 to buy $50,000 face value, 8%, five-year bonds on January 2, 2010. The bonds will mature on January 2, 2015.Carla paid brokerage fees $500. The bonds pay interest semiannually on January 2 and July 2 every year till maturity. 1)What is the journal entry to record the purchase of the investment -HTM? Journal entry

Three cases are provided below concerning a plant asset currently used in operations. Case Carrying Value Recoverable Cost Fair Value A $72,000 $108,000 $81,000 B 81,000 117,000 72,000 C 108,000 72,000 54,000 Required a. Which case(s), if any, requires an impairment loss to be recognized, and for what amount? Assume that indicators of impairment

Barclay plc is assessing an investment project. The estimated cash flows are as follows Year 0 1 234 3 m 10 5 5432 2 Outflow Inflow Inflow Inflow Inflow The businesss cost of finance is 15 per cent p.a. and it seeks projects with a three year maximum discounted payback period. Should the project be undertaken on the basis of NPV and discounted PBP

Alfred State Medical Centers charges, payments, and adjustments from third-party payers for the month of July are represented in table W7.1 a. Calculate the percentage of charges, payments, and adjustments for each third-party payer and enter the percentages in the percentages columns of table W7.1. Table W7.1 Payer Charges Payments Adjustment

A ltd. Produce a standard product. The estimated cost per unit in given below Rs Raw materials 10 Direct wages 8 Direct expenses 2 Variable overheads 5 Fixed overhead is estimated to Rs.70,000 selling price per unit is Rs .40. Prepare a flexible budget at 50%, 70%, and 90% level of activity. Assume the output at 100% level of activity is 10,000

The marginal private benefit (demand) and marginal private cost (supply) of education in China are described by (2) Calculate the market equilibrium quantity and price of education. b. Sketch the marginal private benefit and marginal private cost diagram and indicate the result in part (a). Correctly label the diagram. C. P 100 0.1Q P 10 0.1Q An

By using the following data, calculate the ratios.

Cash HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021. ( in thousands) Assets Shortterm investments Accounts receivable Inventory Property, plant, and equipment (net) Total assets Liabilities and Shareholders Equity Current liabilities Longterm liabilities Paidin capital Retained earnings Total liabilities and shareholders equity Net

Assume you have purchased 100,000 equity shares of a listed company in Australia and want to sell these shares after 6 months to buy a house in Sydney. A call option and a put option on these shares are currently selling at 3 and 3, respectively. The exercise prices of the call and put options are 120 and 100, respectively. You are considering

Consolidated financial statements from worksheet with adjustment entries for inventories, PPE, and dividends On 1 July 2019, Dexin Ltd acquired all the issued shares of Rumer Ltd. At this date, the shareholders equity of Rumer Ltd was: Share capital 100000 shares $ 450000 General reserve 45000 Asset revaluation surplus 45000 Retained earnings

A threestate Markov model is represented by the following transition diagram Healthy Hx1 a stl PX1 Dead The symbols Oxr. Px Mx and U1 represent the forces of transition at age x1, where x is an integer and 0

Condensed financial data of Oriole Company follow. Oriole Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $105,400 $47,800 Accounts receivable $91,400 $32,400 Inventory $112,100 $102,100 Prepaid expenses $29,500 $25,900 Long-term investments $139,900 $113,600 Plant assets $275,500 $242,800 Accumulated depreciation ($47,100)

Required Prepare a CVP income statement Prepare a GAAP income statement,Kingbird Corporation had sales of 3,360,000 for the year ended December 31, 2022. The unit selling price was 12. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable 810,000 112,000

Amber Nestor has an eye for quality. She recently formed an art gallery where she allows artists to display their artwork for sale. Customers buy the artwork through the gallery, but payments are actually made payable directly to the originating artist. Artists, in turn, pay Amber a 20% commission that is appropriately reflected as revenue of the

Consider the same simple linear regression (SLR) model Gauss Markov assumptions Y Bo B X u, where the error term u has an unconditional variance of o. Your friend highly recommends this specific linear estimator 1 WY, where W1 W2 1 x2xX1 W 0 (a) 1 X2X1 (b) for i 3, 4, 5,...., n, where n is the sample size. which satisfies Is this estimator

An actuary wishes to analyse the amounts paid by a group of insurers on their respective portfolios of commercial property insurance policies using the models of Empirical Bayes Credibility Theory. The actuary obtains the following information about the amounts of claim payments made and the number of policies sold for each of three different

Introduction Gold: 100 troy oz.; $ per troy oz. Open High Low Settle Change Volume 1,311.37 1,312.71 1,310.95 1,311.32 1.11 2,598 Part 1 How many contracts should you buy if you need 1,000 ounces of gold on the expiration date of the contract? Part 2 How much do you have to pay on the expiration date?

Ross would like to purchase some items for his newly landscaped garden at a cost of 3275 and is trying to decide which of his credit cards to use. One credit card has an annual rate of 17.2 compounded daily with a 3 cash back on all purchases that is paid at the end of the year. His new credit card offers a 50 rebate the first time the card is

Jordan and Mike are both planning on attending university in Calgary. Jordan's parents rent him a one bedroom apartment for $750 per month. Mike's parents bought a 3 bedroom house for $285000 that required a down payment of 10% and offered a mortgage amortized over 20 years at an annual rate of 4.15% compounded semi-annually for a 5 year term.

Kiwi Inc., is expanding its business by investing in a factory building. The purchase price is $400,000, and the terms are 20 percent down, the balance to be paid off over 30 years at a 3.6 percent rate of interest on the unpaid balance. What are the 30 equal annual payments?

A firm pays a current dividend of $2.50 (Div0). You expect that to increase by 20% to next year, and then it willgrow at 3% forever. What is the current price if the appropriate discount rate is 10%?

Suppose Crater Co's stock price is $40 and it has earnings per share (EPS) of $4. Non-Crater Co iscomparable to Crater Co on all relevant attributes, but has EPS of $2.50. What is your estimate of the value ofnon-Crater Co?

You work as an investment associate and are asked to compute the required returns on the Scientific Investment Fund. The risk-free rate is 3% and market risk premium is 7%. The fund consists of four stocks. The funds' assets are as follows: Stock / Investment / Beta A / $ 120,000 / 1.20 B / 350,000 / -0.20 C / 280,000 / 1.42 D / 900,000 / 1.1

An actuarial student is using Empirical Bayes Credibility Theory Model 2 to calculate credibility premiums for a group of insurers. The student has analysed the data for six different insurers, using 10 years of past data for each insurer and has obtained the following figures 6 10 1,498 11 1 The estimated values of Em(0), Es (0) and varm() based

You will be taking a trip with friends. You save $400 each month starting April 2021 to September 2021 (6 months). You can deposit the funds in a mutual fund at the beginning of each month. The fund is expected to return 5% per year. Under these conditions. How much will you have at the end of September 2021?

Company I issued R100 par value bonds with a coupon rate of 15 which will mature in 5 years time. The YTM on the bonds are 11. What would the bond sell for in the present

For the data given in the table calculate Cost of goods completed and Cost of WIP (end) by using a) Weighted average method b) FIFO method WIP (beginning) Completion Started During Completed During WIP (end) Completion Costs added during Units 12,500 50,000 42,500 20,000 Direct Material 75,000 90 20 1,000 350,000 Conversion 87,500 70 50 463,750

Direct materials: Beginning inventory $50,000 Purchases 154,000 Ending inventory 26,000 Direct manufacturing labour 40,000 Manufacturing overhead 30,000 Ending work-in-process inventory 10,000 Beginning work-in-process inventory 2,000 Ending finished goods inventory 40,000 Beginning finished goods inventory 60,000 What is Montreal's cost of goods

Determine the expected present value of a 50 year continuous temporary life annuity of 1 for an insured age 30.,8 0.05 (0.05 for 0x 50 0.10 for 50 x 110

Gunk Co. reported an asset retirement obligation on its 2020 financial statements. The company estimates that it will need to spend 1,172 to retire this assets at the end of 2025. The present value of the asset retirement obligation is 487. How much accretion expense will Gunk Co. record on the asset retirement obligation (Round to the nearest

ces On November 30, Petrov Company has 135,000 of accounts receivable and uses the perpetual inventory system. December 4 Sold 5,700 of merchandise (that had cost 3,648) to customers on credit, terms n30. December 9 Sold 18,900 of accounts receivable to Main Bank. Main charges a 4 factoring fee. December 17 Received 3,135 cash from customers in

Tea Cozy Ltd operates a very successful chain of tea shops in New Zealand. Currently the company is contemplating expanding its operations to Australia's east coast. The company's balance sheet as at 31 March 2021 is as follows: Balance Sheet Cash $ 1,500,000 Accounts receivable $ 2,400,000 Inventories $ 1,310,000 Property, Plant & Equipment

Emerson, Lake and Palmer each hold 10 of the ordinary shares in Barbarian Limited, which has earned a cash profit of 12 million in the year just ended. At the annual general meeting the companys directors have said that, as profit maximisation is the goal they have set for the firm, they want to reinvest this amount to produce a bigger cash profit

Janek Company determined the following amounts related to its pensions Benefits paid to retirees 447,250 Expected return on plan assets 366.150 Funding contributions during the year 478,050 Service cost 442,100 Investment return 326,700 Interest cost 480,300 Plan assets at fair value, January 1 7,327,950 A. What is the net periodic pension cost

Grose Paterson Bank Ltd is intending to lend money to a client. The loan is to be repaid in a lump sum after 7 years. The bank's required real rate of return is 3% per annum the bank expects the inflation rate in the coming year to be 8% per annum, falling to 5% per annum the year and 4% per annum thereafter. What annual interest rate should the

Cupco makes specialized coffee mugs. The company sold and invoiced 1 million of merchandise this past year and has received payment for 600,000 (the remaining 400,000 was sold on credit). The company sells each mug for 2.00 and costs 1.00 in materials. Cupco bought 500,000 of inventory materials, 400,000 of which was for cash and 100,000 of which

The Davos Manifesto 2020 (The Universal Purpose of a Company in the Fourth Industrial Revolution) stated that: "A company is more than an economic unit generating wealth. It fulfils human and societal aspirations as part of the broader social system. Performance must be measured not only on the return to shareholders, but also on how it achieves

XYZ firm has a payout ratio of 60%. The stock has a market capitalization rate of 15% and an ROE of 18%. What is the stock's P/E ratio?

noninterestbearing Suppose that 1000 is misplaced in a checking account and forgotten. Each year, the bank imposes a service charge of 1.5. After 20 years, how much remains of the 1000 Hint Recall the notion of negative interest rates.

What power in kilowatts can be developed by the impulse turbine if the turbine efficiency is 85 Assume that the resistance coefficient f of the penstock is 0.015 and the head loss in the nozzle itself is negligible. What will be the angular speed of the wheel, assuming ideal conditions (Vj 2V bucket) and what torque will be exerted on the turbine

It is caused by the exact same thing the near-side bulge is caused by: the moon's gravity. Furthermore, tidal effects are not caused by the overall strength of gravity like planetary orbits are. Rather, tidal effects are instead caused by gravitational gradients , which are differences in gravity from one point on earth to the next. These

You bought a three-month call option on DecoWorld two months ago that was at the money. Since then, the equity price of DecoWorld has remained unchanged. I Explain how the call's premium will be affected. Is it going to be more or less than the premium you paid? Explanation is required. (1 point) (ii) If you had instead bought an at-the-money put

The following scenarios are independent from each other. You are required to show detailed calculation for each scenario. 1. Calculate the net working capital for a company with current assets of 73,000, quick assets of 35,000 total assets of 150,000, current liabilities of 50,000 and net sales of 84,000 2. Determine the current ratio for a

Annabelle is 30 years old and is already thinking about saving for retirement after she learned about the wonders of time value of money and compounding. She is a Manager for a large construction company and earns $65,000 per annum gross. She expects to receive a raise in line with inflation annually at rate of 2% for the next 5 years. After this

A bank advertises that it pays interest on savings accounts at the rate of 31 compounded daily. Find the effective rate if the bank assumes that a year consists of (a) 360 days or (b) 365 days in determining the daily rate. Assume that compounding occurs 365 times a year.

The beginning and ending balances of retained earnings for the year were $30,000 and $35,000, respectively. If dividend payments made during the year were $3,000, determine the net income or net loss for the year.

Strawberry Fields purchased a tractor at a cost of 40,000 and sold it two years later for 25,700. Strawberry Fields recorded depreciation using the straightline method, a fiveyear service life, and an 6,000 residual value. 1. What was the gain or loss on the sale 2. Record the sale. Complete this question by entering your answers in the tabs

Custom Shoes Co. has gathered the following information concerning one model of shoe Variable manufacturing costs per unit Variable selling and administrative costs per unit Fixed manufacturing costs Fixed selling and administrative costs Investment ROI Planned production and sales 8 4 160,000 120,000 1,700,000 30 10,000 pairs,Question 38

If you expect to receive 500 million Euros next year, what would be your expected cash flow if you hedge using forwards? What would it be if you don't hedge, but convert it at the final spot rate?

You want to sell an instrument which pays $1,000,000 if the price STof stock ZZ at the future time T is above the level X, and pays zero otherwise. What is the price of this instrument?

For the beam and loading condition shown in Figure 3, determine the reaction at the supports and compute the shear force and the bending moment at D. 60 kN di D 2m. 25 kNm

Please use the financial statement effect template to identify the effect of the following transaction XYZ Co. issued 10,000 shares of 5 par value common stock for 25 cash per share. Note Please enter the correct number in the blank boxes. Please enter 0 if no effect. Please enter numbers without or comma separator. For example, 1,000 is entered

Syawal Corporation has decided to venture into a new product line that necessitates the firm to raise RM20 millions worth of external funds. The following are three major sources available Bond A 10 year, 15 percent bond selling at RM950 while floatation cost is 5 percent of the par value of RM1,000. The current tax rate of the firm is 40 percent.

A 200N concentrated load is applied at the joint D in a truss as is shown in Fig. Determine the internal force in member CE through the following steps 1) Solve for the reaction at E by analyzing the rigid body equilibrium of the entire truss 2) Solve for the internal force at CE by analyzing the particles equilibrium at the joint E 4m A 3m B 6m C

A student takes out a loan of 2,400 at the beginning of each semester (semiannually) for 9 semesters to pay for college. The loan charges 5.8 interest compounded semiannually. The student graduates after the 9 semesters and refinances the loan to a lower 5.1 rate compounded monthly with monthly payments (made at the end of each month) for 120