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- Q1 Discuss the following casesa) On 25th August 2017, a cheque dated 01.09.2016 for Rs 5000 is presented and paid,reducing the balance in the account to Rs2000/. Two days later, a cheque dated 23.08.2016for Rs6000/ is presented but returned for the reason “Funds Insufficient” Discuss the legalposition of the banker in this case. 5b) By means of fall preference Rohit has obtain from Mohit a cheque crossed “notnegotiable” he took that cheque to a bank (other than drawee bank) which paid it. Mohit suesthe bank for conversion.1. Has Rohit committed any offence or irregularity? Under the negotiable instrument act.2. How will you decide the case?prestigious investment bank designed new security that pays aquarterly dividend of $4.50 in perpetuity. The first dividend occurs one quarter from today. What is the price of the security if the stated annual interest rate is6.5 percent, compounded quarterly?Mr. Malakas deposited P5 000 on the day his son was born. If the money is worth 12% compounded quarterly, how much money will his son have on his 21st birthday?
- ! Required information [The following information applies to the questions displayed below.] Doyle Company issued $394,000 of 10-year, 7 percent bonds on January 1, Year 1. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $79,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 1. Required a. Prepare the journal entries for these events, and post them to T-accounts for Year 1 and Year 2. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Prepare the journal entries for Year 1 and Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal 1 Jan 01 Bonds payable Cash Debit Creditnone of the above 17 18 Question 25 (1 point) ✔Saved 20 20 21 2 23 25 ✓ 24 24 Quiz Information @ 2 # * $ 3 4 Which of the following is not one of the Bardal Factors affecting the length of common law notice to which an employee would be entitled upon termination of employment? Age Length of Service Position of the Employee All of the above are Bardal Factors Submit Quiz 25 of 25 questions saved = e ZM f6 f5 Jo 5 6 & 7 IN hp ao f8 f9 KA f10 f11 f12 ins prt sc * 8 9 delete 奶 backspace W E R T Y U O P [ S D F G H J K X C V B N Σ アド L- 1 pause alt ctri < に•..• 4.34 Boulanger Savings and Loan is proud of its long tra- dition in Winter Park, Florida. Begun by Michelle Boulanger 22 years after World War II, the S&L has bucked the trend of financial and liquidity problems that has repeatedly plagued the industry. Deposits have increased slowly but surely over the years, despite recessions in 1983, 1988, 1991, 2001, and 2010. Ms. Boulanger believes it is necessary to have a long-range strategic plan for her firm, including a 1-year forecast and preferably even a 5-year forecast of deposits. She examines the past deposit data and also peruses Florida's gross state product (GSP) over the same 44 years. (GSP is analogous to gross national product [GNP] but on the state level.) The resulting data are in the following table. YEAR DEPOSITS? GSPb YEAR DEPOSITS? GSpb 1 .25 .4 13 .50 1.2 .24 .4 14 .95 1.2 .24 .5 15 1.70 1.2 4 .26 .7 16 2.3 1.6 .25 .9 17 2.8 1.5 .30 1.0 18 2.8 1.6 7 .31 1.4 19 2.7 1.7 8 .32 1.7 20 3.9 1.9 9. .24 1.3 21 4.9 1.9 10 .26…
- It is less common to confirm accounts payable at an interim datethan accounts receivable. Explain why30 - I. Specific dateII. After a certain period of time from the date of issueIII. Payable after a certain period of timeIV. Payable when seenIn case of existence of the above maturity types, an interest requirement can be imposed on the policy?A) Only IIIB) I and IIC) I onlyD) AllE) III and IVReturning Back unspent money from the grant
- A is always payable at sight. * promissory note share bill of exchange cheque20) The certificates of indebtedness of the issuer to the holder is a type of loan, where corporations are borrowing from general public and to be repaid on the date of maturity. What does the term certificate stand for? a. All b. Share c. Bond d. Retained earningsq) Explain, with reasons, whether or not the increase in thebad debt provision increases audit risk and describeappropriate tests you would carry out on the provision.