On December 31, 2017, the Subsidiary company issued $1,500,000 (face) 6 percent, five-year bonds to an unaffiliated company for $1,380,218 (i.e. the bonds had an effective yield of 8 percent). The bonds pay interest annually on December 31, and the bond discount is amortized using the straight-line method. This results in annual bond-payable discount amortization equal to $23,956 per year.
On December 31, 2019, the Parent paid $1,540,849 to purchase all of the outstanding Subsidiary company bonds (i.e. the bonds had an effective yield of 5 percent). The bond premium is amortized using the straight-line method, which results in annual bond-investment premium amortization equal to $13,616 per year.
The Parent and the Subsidiary report the following financial statements for the year ended December 31, 2020:
|
Income Statement |
||
|
3 |
Subsidiary |
|
|
Sales |
$12,100,000 |
$1,240,000 |
|
Cost of goods sold |
(9,060,000) |
(710,000) |
|
Gross Profit |
3,040,000 |
530,000 |
|
Income (loss) from subsidiary |
131,355 |
|
|
Bond interest income |
76,384 |
|
|
Bond interest expense |
(113,956) |
|
|
Operating expenses |
(2,030,000) |
(291,000) |
|
Net income |
$ 1,217,739 |
$ 125,044 |
|
Statement of Retained Earnings |
||
|
Parent |
Subsidiary |
|
|
BOY Retained Earnings |
$8,036,000 |
$1,115,000 |
|
Net income |
1,217,739 |
125,044 |
|
Dividends |
(170,000) |
(26,000) |
|
EOY Retained Earnings |
$9,083,739 |
$1,214,044 |
|
Balance Sheet |
||
|
Parent |
Subsidiary |
|
|
Assets: |
||
|
Cash |
$ 1,559,000 |
$ 596,131 |
|
Accounts receivable |
3,100,000 |
760,000 |
|
Inventory |
3,105,000 |
520,000 |
|
Equity Investment |
2,027,887 |
|
|
Investment in bonds |
1,527,233 |
|
|
PPE, net |
9,700,000 |
4,450,000 |
|
$21,019,120 |
$6,326,131 |
|
|
Liabilities and Stockholders’ Equity: |
||
|
Accounts payable |
$ 1,650,000 |
$ 620,000 |
|
Current Liabilities |
1,700,000 |
700,000 |
|
Bonds payable |
1,452,087 |
|
|
Long-term Liabilities |
2,080,000 |
750,000 |
|
Common Stock |
1,020,000 |
540,000 |
|
APIC |
5,485,381 |
1,050,000 |
|
Retained Earnings |
9,083,739 |
1,214,044 |
|
$21,019,120 |
$6,326,131 |
|
Required:
Provide the consolidation entries and prepare a consolidation worksheet for the year ended December 31, 2018.
In: Accounting
In: Biology
1-The lines observed in H-lamp are parts of Balmer Series. All these lines are due to a transition from various higher n value to a common n. What is this common lower n value for all these lines?
| a-0 |
| b-1 |
| c-2 |
| d-3 |
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Question 2
The bright violet line of Hg lamp has a wavelength of 435.8 nm. What is the energy of the photon associated with this emission line?
| a-4.56*10^-19 J |
| b-4.56*10^-28 J |
| c-6.88*10^14 J |
| d-2.89*10^-31 J |
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Question 3
Given: In Atomic Spectra lab, a student obtained his best-fit line equation to be y = 0.29 x + 46.8 when he plotted his Vernier reading on the y-axis and wavelength in nm on the x-axis.
Question: If the Vernier reading for a line is 229.5, what is the predicted wavelength of this line in nm? (Keep 4 sig figs with one decimal place.)
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Question 4
The only electron in a hydrogen atom moved from n=2 to n=6. What is the wavelength of photon (in nm) being associated with this transition? Use whole numbers of nm without any decimal places, such as "415", "1125".
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Question 5
Which of the following transitions of the only electron in hydrogen atom will emit longest wavelength photon?
| a-n=100 to n=5 |
| b-n=4 to n=2 |
| c-n =2 to n=1 |
| d-n=10 to n=20 |
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Question 6
A student obtained the Rydberg constant to be 2.12*10-18 J. What is the % error of the measurement? Answer as percentage and keep one decimal place.
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Question 7
Which of the following orbitals of O has the lowest energy?choose all the right answer
| a-2s |
| b- | 2p |
| c-3d |
| d-4s |
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Question 8
A 100-mL sample of Pb initially has a concentration of 14.3 ppm. If this sample was diluted to 300 mL, what is the new concentration in ppm? Keep one decimal place for your answer.
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Question 9
Which of the following is directly proportional to the concentration of a solution sample?
| a-intensity of light passing through |
| b-transmittance of light |
| c- | absorbance of light |
| d-extinct coefficient |
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Question 10
When measuring the transmittance of the Fe standard solution, what is used as blank?
| a-DI water |
| b-Tap water |
| c- | Fe standard solution without complexing agent |
| d-DI water with complexing agent |
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Question 11
When intensity of light changes due to sample absorption, which of the following change accordingly?
| a-wavelength |
| b-frenqency |
| c-energy of each photon |
| d-transmittance |
In: Chemistry
This is a java assignment inspired by Caesar algorithm with some minor modifications. You are required to take in three inputs; a string, which is the message that you want to encrypt, an integer number that we call it salt, which is going to salt your plain message to help create a better encrypted message and an int to be used for displacement of the letters.
Your algorithm is going to encode the message letter by letter. If the position of the letter in your message is odd, then it should add the value of this letter to the displacement value plus salt. If the letter is in even position, then it should be added to the displacement subtracted from salt. For example, assume displacement = 3 and salt = 5, then letter ‘A’ will be replaced by ‘I’, if it is in odd position and by ‘C’ if it is in even position.
The message that you read can contain any character that is typeable (i.e. you can see the typable characters on your keyboard). Your program finally should output the encrypted message.
Sample input and corresponding output:
Input:
Let's meet somewhere cool. How about Tuesday at 9:30 in Chemistry 0400?
5
3
Output:
Jmr/q(kmc|_{muc•fmpm_kmwj6_Pm•_i`ws|_\smql_?_ir(7B18_ql(Apcu
g{rzw(.<.8=
JAVA JAVA
In: Computer Science
Throughout history, research in the physical sciences has often been limited by our abilitiesof safely observing and studying the very phenomenon in question. As we make technological progress, we have increasingly more tools to expand our observational capabilities. Write a three to five (3-5) page paper in which you: Part 1: Procedures in the Physical Sciences: Challenges in Measurements Identify three (3) specific challenges to making direct measurements in the fields of astronomy, chemistry, physics, or earth science. Describe how scientists have utilized indirect forms of measure to overcome these challenges. Choose two (2) of the most historically influential tools or techniques in the physical sciences. Explain how these techniques or tools work, and how they helped to advance our understanding of the physical sciences. Part 2: Procedures in the Physical Sciences: A Survey of Safety Choose one (1) hazard associated with research in the physical sciences. Discuss how protective gear or equipment might be used to mitigate the hazard, as well as its efficacy. Describe the ways in which advancements in the physical sciences might impact the safety of the global community. Assess any special considerations for regulating this research. Part 3: Documentation Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. The body of the paper must have in-text citations that correspond to the references. Integrate all sources into your paper using proper techniques of quoting, paraphrasing and summarizing, along with proper use of in-text citations to credit your sources.
In: Physics
A converging lens (f = 11.7 cm) is located 26.6 cm to the left of a diverging lens (f = -5.42 cm). A postage stamp is placed 39.7 cm to the left of the converging lens. (a)Locate the final image of the stamp relative to the diverging lens. (b) Find the overall magnification.
In: Physics
A -10nC charge is located at (x, y) = (0.80cm , 0 cm).
What is the x-component of the electric field at the position (x, y) = (5.2cm , 0 cm)?
What is the y-component of the electric field at the position (x, y) = (5.2cm , 0 cm)?
What is the x-component of the electric field at the position (x, y) = (?5.2cm, 0 cm)?
What is the x-component of the electric field at the position (x, y) = (?5.2cm, 0 cm)?
What is the x-component of the electric field at the position (x, y) = (0 cm, 5.2cm )?
What is the y-component of the electric field at the position (x, y) = (0 cm, 5.2cm )?
In: Physics
250mL of water at 15.0 ?C is placed in the freezer compartment of a refrigerator with a coefficient of performance of 4.00. How much heat energy is exhausted into the room as the water is changed to ice at -20.0 ?C ?
In: Physics
To the right is a liposome - a hollow sphere made up of a lipid bilayer (like a cell) but without any membrane proteins. Of the listed molecules, which, if any, would you expect would be able to freely move (diffuse) across the membrane (based on their size and polarity)? Choose ALL that would cross.
a) chloride ion (small, polar)
b) fatty acid (medium, nonpolar)
c) glucose (medium, polar)
d) nitric oxide (small, nonpolar)
e) sodium ion (small, polar)
In: Anatomy and Physiology
| y, Crime Rate (Number of Crimes per 1,000 in population) |
| x1, Total Population (in thousands) |
| x2, Percent of Students Receiving Free Lunch |
| ANOVA | |||||
|---|---|---|---|---|---|
| df | SS | MS | F-Statistic | p-value | |
| Regression | 2 | 55,423 | 27,712 | 25.923 | <0.0001 |
| Residual | 42 | 44,909 | 1,069 | ||
| Total | 44 | 100,332 | |||
| Coefficients | Standard Error | t-Statistic | p-value | ||
| Intercept | 68.398 | 16.492 | 4.147 | 0.0002 | |
| Total Population | -4.743 | 1.660 | -2.857 | 0.0066 | |
| Percent Free Lunch | 1.215 | 0.224 | 5.424 | <0.0001 |
a) By how much does the model estimate the crime rate would change due to a 1% increase in the percentage of students receiving free lunch (assuming all other things are constant)? What about 2.5%?
b) By how much does the model estimate the crime rate would decrease due to a 1,000 person increase in the total population (assuming all other things are constant)?
c) By how much does the model estimate the crime rate would change due to a 5,000 person increase in the total population (assuming all other things are constant)?
d) Use the full model specified above to predict the crime rate for a Denver neighborhood with a total population of 7,000 and 18% of the student population receiving free lunch. (Enter your answer to three decimal places.)
In: Math
Part C
Add the following reactions together:
ClO(g)+O3(g)ClO2(g)+O(g)??ClO2(g)+O2(g)ClO(g)+O2(g)
Identify which species are intermediates, which are catalysts, and which are only reagents or products.
Drag each item to the appropriate bin.
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In: Chemistry
Delaney Company leases an automobile with a fair value of $10,000 from Simon Motors, Inc., on the following terms. 1. Non-cancelable term of 50 months. 2. Rental of $200 per month (at the beginning of each month). (The present value at 0.5% per month is $8,873.) 3. Delaney guarantees a residual value of $1,180 (the present value at 0.5% per month is $920). Delaney expects the probable residual value to be $1,180 at the end of the lease term. 4. Estimated economic life of the automobile is 60 months. 5. Delaney’s incremental borrowing rate is 6% a year (0.5% a month). Simon’s implicit rate is unknown. Instructions (a) What is the nature of this lease to Delaney? (b) What is the present value of the lease payments to determine the lease liability? (c) Based on the original fact pattern, record the lease on Delaney’s books at the date of commencement. (d) Record the first month’s lease payment (at commencement of the lease). (e) Record the second month’s lease payment. (f) Record the first month’s amortization on Delaney’s books (assume straight-line). (g) Suppose that instead of $1,180, Delaney expects the residual value to be only $500 (the guaranteed amount is still $1,180). How does the calculation of the present value of the lease payments change from part (b)? Please be sure to use current law change
In: Accounting
As an accountant for Lee Company, your supervisor gave you the following calculations of the gross profit for the first quarter:
Alternative Sales ($50 per unit) Cost of goods sold Gross Profit
A $500,000 $200,000 $300,000
B $500,000 228,000 272,000
C 500,000 213,333 286,667
The three alternative cost flow assumptions are FIFO, average, and LIFO (the alternatives are not necessarily presented in this sequence). Lee uses the periodic inventory system. The computation of the cost of goods sold under each alternative is based on the following:
Units Cost/Unit
Inventory, January 1 12,000 $20
Purchase, January 10 4,000 21
Purchase, February 15 6,000 22
Purchase, March 10 8,000 23
Required: Prepare schedules computing the ending inventory (in units and dollars) and proving the cost of goods sold shown here under each of the three alternatives.
In: Accounting
A consumer has an income of $1,000 to spend on food and medicine. The price of one unit of food is $$5 and the price of one unit of medicine is $10. For each question, write down the mathematical expression of the budget constraint and draw it carefully. Put food on the x-axis and medicine on the y-axis. Label the intercepts, slopes, and kinks.
Suppose the consumer receives coupons for 50 units of food and those can only be used to buy food.
Suppose the consumer receives coupons for 50 units of food and can sell the coupons at half of the market price of the food.
Instead of the coupon, the consumer receives a 10% discount for additional units of food that exceed 100 units. That is, the consumer pays $5 for each of the first 100 units and $4.5 for each additional unit.
In: Economics
A particular reactant decomposes with a half-life of 131 s when its initial concentration is 0.361 M. The same reactant decomposes with a half-life of 233 s when its initial concentration is 0.203 M. What is the value and unit of the rate constant for this reaction?
In: Chemistry