The following balances were taken from the books of Waterway Corp. on December 31, 2020. Interest revenue $87,900 Accumulated depreciation—equipment $41,900 Cash 52,900 Accumulated depreciation—buildings 29,900 Sales revenue 1,381,900 Notes receivable 156,900 Accounts receivable 151,900 Selling expenses 195,900 Prepaid insurance 21,900 Accounts payable 171,900 Sales returns and allowances 151,900 Bonds payable 101,900 Allowance for doubtful accounts 8,900 Administrative and general expenses 98,900 Sales discounts 46,900 Accrued liabilities 33,900 Land 101,900 Interest expense 61,900 Equipment 201,900 Notes payable 101,900 Buildings 141,900 Loss from earthquake damage 151,900 Cost of goods sold 622,900 Common stock 501,900 Retained earnings 22,900 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year.

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2

Part 1: interview at least three different people you know that fall within three age ranges (25-35), (36-50), and (51-70) year of age. ask each person you interview if they have life insurance (term, whole life etc.) and health insurance. ask what factors influenced their decision to buy or not the insurance coverage? report your findings to this assignment. specify who the people were that you spoke with.\

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?