Issuance of bonds; effective interest; financial statement effects □Ω Federal Semiconductors issued 11\% bonds, dated January 1, with a face amount of $800 million on January I, 2024. - The bonds sold for $739,813,200 and mature on December 31,2043 (20 years). - For bonds of similar risk and maturity the market yield was 12%. - Interest is paid semiannually on June 30 and December 31 . Required: 1. Prepare the journal entry to record their issuance by Federal on January 1, 2024. 2. Prepare the journal entry to record interest on June 30,2024 (at the effective rate). 3. Prepare the journal entry to record interest on December 31, 2024 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31,2024 , balance sheet?

Answers

Answer 1

1. Journal entry to record bond issuance on January 1, 2024:

  Cash ($739,813,200)

  Discount on Bonds Payable ($60,186,800)

  Bonds Payable ($800,000,000)

2. Journal entry to record interest on June 30, 2024 (at the effective rate):

  Interest Expense ($44,388,792)

  Discount on Bonds Payable ($4,388,792)

  Cash ($40,000,000)

3. Journal entry to record interest on December 31, 2024 (at the effective rate):

  Interest Expense ($44,388,792)

  Discount on Bonds Payable ($4,388,792)

  Cash ($40,000,000)

4. Federal will report the bonds among its liabilities on the December 31, 2024, balance sheet at their carrying value, which is the face amount of the bonds ($800,000,000) minus the unamortized discount ($60,186,800) after adjusting for the interest expense recorded. Therefore, the bonds will be reported at $739,813,200 as a long-term liability.

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Related Questions

Caars Inc. issued a 120-day note in the amount of $360,000 on November 1, 2016 with an annual rate of 6%. What amount of interest has accrued as of December 31, 2016

Answers

Answer:

The amount of interest accrued as of December 31, 2016 is $10,980.

Explanation:

On December 31, two months interest is accrued and this is equivalent to 61 days (30 days for November and 31 days for December).

Calculation of Interest accrued is as follows ;

Interest accrued =  $360,000 × 6% × 61/120

                           =   $10,980

"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D

Answers

Answer:

d. Cultural values

Explanation:

Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.

Answer:

D

Explanation:

I just took the assignment

the emergence of pan-european communications media will most likely cause companies to:

Answers

The emergence of pan-European communications media will most likely cause companies to "increase their spending on advertising campaigns".

Pan-European communications refer to the various communication media platforms that provide services to a broad European audience. Pan-European communication is a means of communication that is used to reach out to people from diverse cultural and language backgrounds in Europe. This communication may be via social media, online news platforms, radio, television, and print media.

The emergence of pan-European communication media implies that businesses in Europe are no longer limited to a specific geographic location when it comes to their advertising campaigns. Instead, companies can now advertise their products to a larger audience across different countries within Europe. This situation will likely cause companies to increase their spending on advertising campaigns.

Advertising will likely become more expensive as companies try to reach a broader audience through different communication media, which may lead to increased competition among businesses.

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ctions:
Em 7-5.
ger
ze
PROBLEM 7-7 Journalizing and Posting
Business Transactions
A partial chart of accounts for Kits & Pups Grooming follows.
General Ledger
101 Cash in Bank
301 Abe Shultz, Capital
105 Accts. Rec.-J. Alvarez 305 Abe Shultz, Withdrawals
120 Grooming Supplies 401 Boarding Revenue
130 Office Furniture
405 Grooming Revenue
140 Grooming Equipment
525 Salaries Expense
205 Accts. Pay.-Dogs & Cats Inc.

Answers

Answer: I honestly have no clue man i think your completely out of luck, sorryy

1. Employees at a call centre have earned a bonus of 0.25% of their salary. The bonus that an
employee who earns £18000 per year can expect to receive is: (1)
А
B
£45
£72
£720
£4500
с
D

Answers

Answer:

£45

Explanation:

Simply multiply 18000 by 0.0025 and you get your result.

which feature should be used prior to finalizing a presentation to ensure that the audience members with disabilities will be able to understand the message that a presenter is trying to get across

Answers

Answer:

B: Accessibility Checker

Explanation:

Help what’s the answer?

Help whats the answer?

Answers

Answer:

The supply would fall

Explanation:

The restaurants wouldn't have as many workers at all times.

ASAP I need help.
Create a list of five action verbs you might use on a job application to describe skills and/or work history. Here are some examples: (organized, produced, selected, coordinated, contributed). Find five other than the examples.

Answers

Progressed, succeeded, achieved, determined, advanced

Define the term operating leverage. what type of effect occurs when the firm uses operating leverage?

Answers

Using fixed operational expenses in the cost structure of the company is known as operating leverage. Any percentage change in sales will cause an even higher percentage change in EBIT (earning before interest and taxes) when operational leverage is present.

Operating leverage is a cost-accounting formula that measures the degree to which a firm or project can increase operating income by increasing revenue. A business that generates sales with a high gross margin and low variable costs has high operating leverage.

Online retailers sometimes have high variable costs, particularly for goods, and minimal fixed expenses. Retailers sell a lot of products and receive payment in advance for each unit they sell, therefore COGS rises as sales rise. These stores frequently have limited operational leverage as a result.

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What is the difference between the pre-reservation and installment

Answers

Answer:

is that reservation is the act of reserving, withholding or keeping back while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different

Of the following costs related to the development of natural resources, which one is not a part of depletion cost?
Question 1 options:
A. Acquisition cost of the natural resource deposit
B. Exploration costs
C. Tangible equipment costs associated with machinery used to extract the natural resource
D. Intangible development costs such as drilling costs, tunnels, and shafts
Question 2
Fences and parking lots are reported on the balance sheet as ______

Answers

Of the following costs related to the development of natural resources, tangible equipment costs associated with machinery used to extract the natural resource are not a part of depletion cost. Option C is correct.

Fences and parking lots are reported on the balance sheet as land improvements.

Depletion cost includes the expenses incurred in acquiring, exploring, and developing a natural resource deposit. These costs include:
A. Acquisition cost of the natural resource deposit - The initial cost to obtain the rights to the resource.
B. Exploration costs - The costs involved in finding the resource, such as geological surveys and sample drilling.
D. Intangible development costs such as drilling costs, tunnels, and shafts - These costs are related to preparing the site for extraction.

Tangible equipment costs are not included in depletion cost because they are considered separate assets and are depreciated over their useful life, rather than being depleted along with the natural resource. Thus, option C is correct.

Fences and parking lots are considered land improvements, which are enhancements made to a parcel of land to increase its value or usability. Land improvements are reported on the balance sheet as a separate category under property, plant, and equipment (PP&E). These improvements have a limited useful life and are depreciated over that life, unlike the land itself, which is not depreciated.

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the final stage in a typical employee grievance procedure is:

Answers

The final stage in a typical employee grievance procedure is arbitration.

Arbitration is a legal process where an independent third party is called in to resolve a dispute between two parties. In the context of employee grievances, an arbitrator is usually selected by both parties, or appointed by a labor union or a government agency. The arbitrator hears both sides of the dispute, reviews the evidence and testimony, and then makes a binding decision.

Arbitration is considered the final stage in a typical employee grievance procedure because it is the last opportunity for the parties to resolve the dispute without going to court. In most cases, the decision of the arbitrator is final and binding, which means that both parties are legally obligated to abide by the decision. Arbitration is often preferred over going to court because it is less formal, less expensive, and quicker. Additionally, arbitration is confidential, which means that the proceedings and decision are not made public.

In conclusion, the final stage in a typical employee grievance procedure is arbitration, which is a legal process where an independent third party is called in to resolve a dispute between two parties. Arbitration is preferred over going to court because it is less formal, less expensive, and quicker. Additionally, arbitration is confidential, which means that the proceedings and decision are not made public.

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By using conversion tracking, you've recognized that a specific area of the world is generating the majority of lesson sign ups. What can you do to improve your campaign performance based on this information?

Answers

A specific area of the world is generating the majority of lesson sign-ups using conversion tracking, To improve your campaign performance based on this information, It's important to regularly review and analyze the performance of your campaigns and make data-driven decisions to optimize your campaign performance based on the insights obtained from conversion tracking.

1. Adjust your targeting: Focus your advertising efforts on that specific area by adjusting your location targeting settings in your ad campaign. This will help you reach a more relevant audience and potentially increase your conversion rate.

2. Customize ad messaging: Create ads with tailored messaging that appeals specifically to users in that area. This can include using local language, cultural references, or mentioning local events that are relevant to your lessons.

3. Optimize your bidding strategy: Allocate a higher budget or increase your bids for that specific area to ensure your ads have a better chance of appearing in search results or on display networks. This will help you gain more visibility and potentially drive more sign-ups.

4. Analyze the competition: Research competitors in that area to understand their marketing strategies and identify any gaps or opportunities that you can exploit. This could involve improving your ad creatives, landing pages, or offering promotions to attract more users.

5. Monitor performance: Continuously track your campaign performance using conversion tracking and other metrics to identify any areas for further improvement. Adjust your strategies as needed to maximize your campaign's effectiveness in that specific region.

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What best describes the relationship between short and long-term goals?​

Answers

Short term goals are what you set in order to eventually achieve a long term goal; They are the little achievements you achieve in the process of the long term goal- They help keep you on track.

What is the name of the legal documents that specify arrangements between partners?

A. General Partnership
B. Fartnership Contract
C. Partnership Agreement
D. Articles of Partnership

Answers

Answer:

C. Partnership Agreement

Explanation:

It's the legal document that dictates the way a business is run and details the relationship between each partner.

Your portfolio manager has suggested two high-yielding stocks: The Altria Group (MO) and Reynolds America (RAI). MO shares cost $50, yield 4. 5% in dividends, and have a risk index of 2. 0 per share. RAI shares cost $55, yield 5% in dividends, and have a risk index of 3. 0 per share. You have up to $7,200 to invest and would like to earn at least $335 in dividends. How many shares (to the nearest whole number) of each stock should you purchase to meet your requirements and minimize the total risk index for your portfolio

Answers

To meet your requirements and minimize the total risk index for your portfolio, you should purchase **80 shares** of The Altria Group (MO) and **120 shares** of Reynolds America (RAI).

Here's the detailed explanation:

- The Altria Group (MO) shares cost $50 and yield 4.5% in dividends. To earn at least $335 in dividends, you would need to invest $335 / 0.045 = $7,444.44. However, since you have a maximum of $7,200 to invest, you can purchase $7,200 / $50 = 144 shares of MO. The risk index per share for MO is 2.0, so the total risk index for 144 shares would be 144 * 2.0 = 288.

- Reynolds America (RAI) shares cost $55 and yield 5% in dividends. To earn at least $335 in dividends, you would need to invest $335 / 0.05 = $6,700. Since you have a maximum of $7,200 to invest, you can purchase $7,200 / $55 = 130.91 shares of RAI. Rounding to the nearest whole number, you should buy 131 shares. The risk index per share for RAI is 3.0, so the total risk index for 131 shares would be 131 * 3.0 = 393.

By purchasing 80 shares of MO and 120 shares of RAI, you will meet your dividend requirement and minimize the total risk index for your portfolio.

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select the correct response for the following question. what are managers focusing on when they determine the organization’s strategy? strategy formulation strategy implementation

Answers

When managers determine an organization's strategy, they focus on strategy formulation. Here option A is the correct answer.

When managers determine an organization's strategy, they are focusing on the process of developing a plan for achieving the organization's goals and objectives.

This process is known as strategy formulation and involves identifying the organization's strengths and weaknesses, analyzing the external environment, and determining the best course of action to achieve the organization's objectives.

During the strategy formulation process, managers consider various factors such as market trends, competition, and customer needs to develop a comprehensive plan that aligns with the organization's mission and vision. This plan may involve identifying new products or services to offer, expanding into new markets, or adopting new technologies to improve operations.

Complete question:

Select the correct response for the following question. what are managers focusing on when they determine the organization’s strategy?

A - strategy formulation

B - strategy implementation

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Some people say that the official unemployment rate isn't the best indicator of
actual unemployment in the economy because
Select one:
O the unemployment rate is greater than the natural unemployment rate
O the official rate doesn't include people who have given up looking for
work
O part time workers are considered unemployed
O full employment is greater than the labor force

Answers

The official unemployment rate isn't the best indicator of actual unemployment because the official rate doesn't include people who have given up looking for work.

Who is a discouraged worker?

A discouraged worker is a member of the labor force who has given up on getting an employment and thus has stopped looking for work. A discouraged worker is not included as part of those who are unemployed and thus is not included in the  official unemployment rate.

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Compared to the united states, canada has _________ maternal leave and _________rates of maternal employment.

Answers

Compared to the United States, Canada has more generous maternal leave and lower rates of maternal employment.

Maternal Leave is a paid leave from work provided by an employer to a woman employee for the period before and after her childbirth. So this leave is given to new mothers to take care of her and her child's health.

Compared to the U.S., Canada's maternal leave policy is more generous in terms of duration, flexibility, and paid benefits. Thus, it has lower rates of maternal employment.

Hence, maternity leave allow parents to take time off from work following the birth of a baby.

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Over 50% of Americans have no long-term savings. Why do you think it's so
difficult for so many people to save money? Explain your opinion.

Answers

Answer:

because they cant stop spending money

Explanation:

money is money

Specialization can help a country's economy by:
O A. reducing the level of division in its labor force.
O B. increasing its overall opportunity costs.
O C. increasing the cost of its voluntary exchanges.
O D. reducing its need to be self-sufficient.

Answers

Answer: reducing its need to be self-sufficient

Answer:

reducing its overall opportunity costs.

Explanation:

Next O Cover Letters and Résumés: Mastery Test
1
Select the correct answer.
Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. In what
section of her résumé should Josita include these programs?
OA honors
OB. activities
OC. skills
OD. experience
Reset
Submit Test
Next

Answers

If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that  Josita should include these programs is: C. skills.

What is skills?

Skills can be defined as the  ability a person or an individual possess when it comes to performing or carrying out tasks. A person can tend to possess inbuilt Skills  or acquired skills they known will be of important to them.

Based on the scenario the software programs was the skills that Josita acquired because she learned it, the software program should be included as part of the skills she possess in her resume as this will enables are employer to know the skills she possess.

Therefore If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that  Josita should include these programs is: C. skills.

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What type of Interests pays interest on interest?
O Compound Interest
O Simple Interest

Answers

Answer:

Compound interest

Explanation:

the answer to your question is compound interest to

Journal entry for purchased goods from ABC Co. for Rs. 11,000.​

Answers

Answer:

purchase A/c. Dr. Rs.11,000

To ABC CO.A/c. Rs.11,000

(being goods purchased in cash)

How is days to collect accounts receivable determined? A) 365 days divided by accounts receivable turnover. B) Net sales divided by 365. C) Net sales divided by average net trade receivables. D) Accounts receivable turnover divided by 365 days.

Answers

Days to collect accounts receivable is determined by dividing the number of days in the accounting period by the accounts receivable turnover. Thus, option A) 365 days divided by accounts receivable turnover is the correct answer.

How is days to collect accounts receivable determined? Days to collect accounts receivable is calculated as follows: Days to collect accounts receivable = 365 days ÷ Accounts receivable turnover is the measure of how frequently accounts receivable are converted into cash.

It is calculated by dividing net credit sales by the average net accounts receivable during the accounting period. It is a ratio that measures the effectiveness of a company's credit and collection policies.

Days to collect accounts receivable is a measure of the average number of days it takes a company to collect its accounts receivable.

A lower number of days to collect accounts receivable is an indicator that the company is efficient in its collection procedures.

A high number of days to collect accounts receivable indicates a weak collection process, which may result in an increase in bad debt expense.

The days to collect accounts receivable is an important measure of a company's financial performance because it indicates how efficiently the company is managing its accounts receivable.

The faster a company collects its accounts receivable, the more cash it will have on hand to invest in its operations, pay its bills, or distribute to shareholders.

Therefore, it is essential for a company to manage its accounts receivable effectively, so it can have sufficient cash to meet its short-term obligations.

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Which is the best description of mixed economy ?

A. The people and the government both play a role in economic decisions.
B. Economic decisions are determined based off of what has always been done.
C. The government makes all of the economic decisions.
D. The people make all of the economic
decisions.

Answers

The correct option is C. The best description of a mixed economy of the government makes all of the economic decisions.

A mixed financial system is variously defined as an economic machine mixing elements of a marketplace financial system with elements of a deliberate financial system, markets with state interventionism, or private agency with a public organization. not unusual to all blended economies is a combination of loose-market ideas and concepts of socialism. at the same time as there may be no single definition of a mixed economy, one definition is set as a mixture of markets with country interventionism, referring especially to a capitalist marketplace financial system with robust regulatory oversight and enormous interventions into markets.

Another is that of lively collaboration of capitalist and socialist visions. but every other definition is apolitical in nature, strictly relating to an economy containing an aggregate of private corporations with a public company. as a substitute, a blended economic system can seek advice from a reformist transitionary phase to a socialist financial system that permits an enormous position for the non-public company and contracting inside a dominant economic framework of public ownership. this could amplify a Soviet-type deliberate financial system that has been reformed to incorporate a more role for markets inside the allocation of factors of manufacturing.

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explain advertisement

Answers

Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.

Why does the Federal Reserve focus on targeting the federal funds rate?

Answers

Answer:

The Federal Reserve uses certain tools to adjust this rate, because it influences other interest rates, such as those you pay on credit cards, mortgages, and bank loans. It also affects the value of the U.S. dollar and other household and business assets. That makes it the most important interest rate in the world.

Explanation:

Because

Before purchasing services, citizens must often make assessments of their quality based on reputation. Group of answer choices True False

Answers

true actually because look in your text books !!

Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company’s two product lines appear below:
Deluxe Standard
Direct materials per unit $ 69.00 $ 57.00 Direct labor per unit $ 27.00 $ 22.00 Direct labor-hours per unit 0.70 DLHs 1.40 DLHs
Estimated annual production 10,000 units 50,000 units
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
Estimated total manufacturing overhead $ 667,000 Estimated total direct labor-hours 77,000 DLHs

Answers

The total cost of manufacturing Standard Direct products is $91.18 per unit and the total cost of manufacturing Deluxe Standard products is $102.06 per unit.

The calculation of the predetermined overhead rate is essential in determining the overhead costs. Overhead costs refer to indirect expenses incurred in manufacturing, including utilities, rent, taxes, and supplies. A traditional costing system includes the overhead cost in the product's cost based on direct labor-hours. In this question, Stillicum Corporation makes ultra-lightweight backpacking tents, and the cost of the direct materials and direct labor per unit for Deluxe Standard and Direct Standard product lines is given.  

1. Calculate the Predetermined Overhead Rate:Predetermined overhead rate is the overhead cost of a specific period divided by the amount of the allocation base's expected activity. Here the allocation base is direct labor-hours.Predetermined overhead rate = Estimated total manufacturing overhead ÷ Estimated total direct labor-hours Predetermined overhead rate for Stillicum Corporation = $667,000 ÷ 77,000 DLHs = $8.66 per direct labor-hour.

2. Calculate the manufacturing overhead assigned to the Deluxe Standard and Standard Direct products:

Standard direct products' manufacturing overhead assigned = Predetermined overhead rate × Direct labor-hours per unit × Estimated annual production

Standard direct products' manufacturing overhead assigned = $8.66 per direct labor-hour × 1.40 DLHs per unit × 50,000 units= $609,200Deluxe

Standard products' manufacturing overhead assigned = Predetermined overhead rate × Direct labor-hours per unit × Estimated annual production Deluxe

Standard products' manufacturing overhead assigned = $8.66 per direct labor-hour × 0.70 DLHs per unit × 10,000 units= $60,6203.

Calculate the Total Cost for each Product Line:Total cost of Standard Direct products per unit = Direct materials per unit + Direct labor per unit + Manufacturing overhead assigned per unit= $57.00 + $22.00 + ($609,200 ÷ 50,000)= $57.00 + $22.00 + $12.18= $91.18

Total cost of Deluxe Standard products per unit = Direct materials per unit + Direct labor per unit + Manufacturing overhead assigned per unit= $69.00 + $27.00 + ($60,620 ÷ 10,000)= $69.00 + $27.00 + $6.06= $102.06

Therefore, the total cost of manufacturing Standard Direct products is $91.18 per unit and the total cost of manufacturing Deluxe Standard products is $102.06 per unit.

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How do you tell if a triangle is SSS SAS or AA? Whenever an adult enters into a contract with an infant, the adult is bound. True False Can anyone help me please I dont understand this one can you please help me I appreciate it but dont give me the wrong answer because I need my grade to go up Im so sorry for being picky Help with this question Someone please help me I think its the third one I am just not entirely sure. I will give 5 stars and thanks! measure HLO equals....... Perform an internal audit of Apple for the following functionsmanagement, marketing, finance( three financial ratios would beenough), R&D and operations the president of a country has dedicated the bulk of the countrys military power to an invasion of a neighboring country. for a time, the war seems to be going his way. then the enemy begins to take the offensive, conducting massive encircling movements, taking tens of thousands of prisoners, and forcing whole divisions into retreat. still the president presses on, ordering more troops to the front, in spite of protests from his generals. this is known as:____. What is one tradition Americans who celebrate Christmas have in common withItaly? (9 letters, ALL CAPS) INSTANT HELP PLEASE What does contempt of court libel slander mean? Rumi has $100 and is deciding how to spend it on bread and wine. The price of bread is $2 and the price of wine is $2. (Both goods are infinitely divisible.)Now suppose the government wants consumers to conserve bread, so it increases the price of bread to $4 for each additional loaf over 25 loaves. In other words, 26 loaves of bread will cost a consumer 2 * 25 + 1 * 4 = $54.Draw the budget constraint. What is the area under the new budget constraint?(The answer is not 600.) can someone help answer this? What configuration of people count as a family to you? Do you think your parents and grandparents would agree?How is the division of unpaid housework and are work affected by gender,upbringing, and income? Please share at least one example with your colleagues. Steve and Brian are both avid bicyclists. Each week, Steve rides for a total of 2x hours at an average speed of x miles per hour.sBrian rides 6 more hours a week than Steve, but at an average speed that is 4 miles per hour less than Steve's average speed.Which of the following functions will give the total distance that Brian rides each week, in miles? The basic single-cycle MIPS implementation in Figure 4.2 can only implement some instructions. New instructions can be added to an existing Instruction Set Architecture (ISA), but the decision whether or not to do that depends, among other things, on the cost and complexity the proposed addition introduces into the processor datapath and control. The first three problems in this exercise refer to the new instruction: Instruction: LWI Rt,Rd(Rs) Interpretation: Reg[Rt] = Mem[Reg[Rd]+Reg[Rs]] 1. Which existing blocks (if any) can be used for this instruction? 2.Which new functional blocks (if any) do we need for this instruction? 3.What new signals do we need (if any) from the control unit to support this please help:) (stat & reasoning subject)Two hundred runners enter a race. In how many ways can they finish first, second, third and fourth? 170% of what number is 40?Provide and exact fraction answer Which was Peter the Great responsible for?1) reforming Russia and making it a republic2) giving power to Russias highest ranking noblemen3) turning Russia into a modern, powerful nation4) following a policy of peace with Russias neighbors pls help fast the variabce will reach a maximum in a binomial distribution when Molly has 10 pencils in her backpack. 4 of those pencils are red. What is the percent of pencils that are NOT red?