Bradley-Link’s December 31, 2021, balance sheet included the following items:

Note 8: Bonds (in part)

The 9.6% bonds were issued in 2008 at 97.5 to yield 10%. Interest is paid semiannually on June 30 and December 31. Each $1,000 bond is convertible into 40 shares of the Company’s no par common stock.

The 10.4% bonds were issued in 2012 at 102 to yield 10%. Interest is paid semiannually on June 30 and December 31. Each $1,000 bond was issued with 40 detachable stock warrants, each of which entitles the holder to purchase one share of the Company’s no par common stock for $25, beginning 2022.

On January 3, 2022, when Bradley-Link’s common stock had a market price of $32 per share, Bradley-Link called the convertible bonds to force conversion. 90% were converted; the remainder were acquired at the call price. When the common stock price reached an all-time high of $37 in December of 2022, 40% of the warrants were exercised.

Required:

1. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012.
2. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder.
3. Assume Bradley-Link induced conversion by offering $150 cash for each bond converted. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022.
4. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 45 shares for each bond rather than the 40 shares provided in the contract. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022.
5. Prepare the journal entry to record the exercise of the warrants in December 2022.

i need help with this question. i cannot get the logic of warranty exercise. please

What are the four processes that define a closed-loop BPM cycle? Give example for each.

Review Apple’s Consolidated Balance Sheets for 2017 (which also contains the 2016 information), located here: Apple 2017 10K for W5 Discussion.pdf Calculate Apple’s current ratio for these two years. Pick any other ratio discussed in the class, and calculate and explain that. What do the ratios tell you about Apple? Explain the three factors that would influence your evaluation as to whether Apple’s current ratio is good or bad.

Exercise 15-7

Crawford Corporation incurred the following transactions.

Journalize the transactions.

Compute the additional Medicare tax for the following taxpayers. If required, round your answers to the nearest dollar.

a. Mario, who is single, earns wages of $589,200 in 2018. His total Medicare tax is $________.

b. George and Shirley are married and file a joint return in 2018. During the year, George earns wages of $205,100, and Shirley earns wages of $307,650. Their total Medicare tax is $______.

c. Simon has net investment income of $45,680 and MAGI of $228,400 and files as a single taxpayer. Simon's additional Medicare tax is $ _____.

Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow:

Percent Complete

Units Materials Conversion

Work in process inventory, May 1 76,000 75 % 40 %

Work in process inventory, May 31 56,000 50 % 25 %

Materials cost in work in process inventory, May 1 $ 60,000

Conversion cost in work in process inventory, May 1 $ 17,800

Units started into production 258,000

Units transferred to the next production department 278,000

Materials cost added during May $ 408,180

Conversion cost added during May $ 256,680

Required: 1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for May for the first process.

Effect of Proposals on Divisional Performance A condensed income statement for the Electronics Division of Gihbli Industries Inc. for the year ended December 31, 20Y9, is as follows: Sales $1,575,000 Cost of goods sold 891,000 Gross profit $684,000 Operating expenses 558,000 Income from operations $126,000 Invested assets $1,050,000 Assume that the Electronics Division received no charges from service departments. The president of Gihbli Industries Inc. has indicated that the division's return on a $1,050,000 investment must be increased to at least 20% by the end of the next year if operations are to continue. The division manager is considering the following three proposals: Proposal 1: Transfer equipment with a book value of $300,000 to other divisions at no gain or loss and lease similar equipment. The annual lease payments would be less than the amount of depreciation expense on the old equipment by $31,400. This decrease in expense would be included as part of the cost of goods sold. Sales would remain unchanged. Proposal 2: Reduce invested assets by discontinuing a product line. This action would eliminate sales of $180,000, reduce cost of goods sold by $119,550, and reduce operating expenses by $60,000. Assets of $112,500 would be transferred to other divisions at no gain or loss. Proposal 3: Purchase new and more efficient machinery and thereby reduce the cost of goods sold by $189,000 after considering the effects of depreciation expense on the new equipment. Sales would remain unchanged, and the old machinery, which has no remaining book value, would be scrapped at no gain or loss. The new machinery would increase invested assets by $918,750 for the year. Required: 1. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment for the Electronics Division for the past year. If required, round your answers to one decimal place. Electronics Division Profit margin 8.00 % Investment turnover 1.50 ROI 12 % Feedback 1. Income from operations divided by sales equals profit margin. Sales divided by invested assets equals investment turnover. Multiply these two values for the rate of return on investment. Learning Objective 4. 2. Prepare condensed estimated income statements and compute the invested assets for each proposal. Gihbli Industries Inc.-Electronics Division Estimated Income Statements For the Year Ended December 31, 20Y9 Proposal 1 Proposal 2 Proposal 3 Sales $ 1,575,000 $ 1,395,000 $ 1,575,000 Cost of goods sold 859,600 771,450 702,000 Gross profit $ 715,400 $ 623,550 $ 873,000 Operating expenses 558,000 498,000 558,000 Income from operations $ 157,400 $ 125,550 $ 315,000 Invested assets $ 750,000 $ 937,500 $ 1,968,750 Feedback 2. For each proposal, subtract operating expenses from gross profit. Learning Objective 4. 3. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment for each proposal. Round investment turnover and percentages to one decimal place. Proposal Profit margin Investment turnover ROI Proposal 1 % 2.10 % Proposal 2 9.00 % % Proposal 3 20.00 % 0.80 16.00 % 4. Which of the three proposals would meet the required 20% rate of return on investment? Proposal 1 Meets Proposal 2 Does not meet Proposal 3 Does not meet 5. If the Electronics Division were in an industry where the profit margin could not be increased, how much would the investment turnover have to increase to meet the president's required 20% rate of return on investment? Enter your increase in investment turnover answer as a percentage of current investment turnover. Round interim calculations (including previously calculated) and final answer to one decimal place. 66.7 %

1. These items are taken from the financial statements of Grouper Corporation for 2022.

Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity.)

2. You are provided with the following information for Ayayai Enterprises, effective as of its April 30, 2022, year-end.

Prepare a classified balance sheet for Ayayai Enterprises as of April 30, 2022. (List Current Assets in order of liquidity.)

3. These financial statement items are for Pharoah Corporation at year-end, July 31, 2022.

Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.)

By now you should have started thinking about who you would like to interview for the Company Report Project. Any questions about the report or how to find the information for your company? Any advice on what questions worked well for you or might help your classmates find information that they need to complete the project? What are your thoughts about the information found in the Company Report? Any surprises?

At the end of 2016, its first year of operations, Swelland Company reported a pretax operating loss of $32,000 for both financial reporting and income tax purposes. At that time, Swelland had no positive verifiable evidence that it would earn future taxable income. However, due to successful management, the company reported pretax operating income (and taxable income) of $70,000 in 2017. During both years, the income tax rate was 30%, and no change had been enacted for future years.

Required:

Prepare Swelland’s income tax journal entries on December 31, 2016.

PAGE 1

GENERAL JOURNAL

Prepare Swelland’s income tax journal entry on December 31, 2017. Additional Instruction

PAGE 1

GENERAL JOURNAL

Prepare the lower portion of Swelland’s 2017 income statement. Additional Instructions

Use ILAC Format to answer please.

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Susan and Henry began carrying on a restaurant business in partnership in June 2016. In July 2016 they employed Isabella to manage the restaurant during the day. Susan and Henry work together in the evenings. Isabella made a great success of her part in the business and, as from September 2016, Susan and Henry decided she should be a salaried partner.

Susan and Henry went for a week’s holiday in the quiet time during January 2017 and during that time Isabella purchased an additional coffee machine for $7,000. Upon questioning, Isabella told Susan and Henry that she had ordered the coffee machine from Donald, one of their authorised suppliers, in order to keep up with customer demand when she was managing the restaurant. Susan and Henry then reminded Isabella that her authority to purchase items on behalf of the firm is limited to $1,000. Susan and Henry informed Donald that they are not responsible for the account. Donald is still disputing this, maintaining that Isabella informed him when placing the order that she was a partner in the firm and that she was purchasing the machine on behalf of the firm.

Susan resigned from the partnership in March 2018 when she discovered Henry was spending a lot of time with Isabella. Since her resignation, Susan has received a claim for payment for $12,532 from Frank. Frank is a long-term supplier of fruit and vegetables to the firm. His claim for payment relates to supplies made during the period 30 May 2018 to 31 July 2018.

YOU ARE REQUIRED to advise Susan of her legal position with respect to the issues arising from the above situation

Burberry current metrics trend analysis? current stock price per share.

compare the trends between burberry and LVMH.

look for strength and weaknesses.

dividend policy - what is the dividend in terms of dollar/ cents? if it does not issue dividend state it. and is it strength or weakness?

beta analysis - measure of volatilaty in the market.

analyze any strengths or weaknesses of Burberry beta. Good or bad for growth?

The manager of a small hotel resort is considering expansion. He would like to issue bonds but do not quite understand why he may or may not receive what amount of money is stated on the face of the bond but he has to repay what is on the face of the face bond. Write a report to the manager explaining the market forces that determine how much money will be collected. Also explain how the interest payment on bonds are calculated and paid. write a report with 800 words explaining the market forces that determine how much money will be collected and how the interest payment on bonds are calculated and paid.

The monthly budget amounts in the report were based on an expected production of 60,000 units per month or 720,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 58,000 units were produced.

Instructions

a)  

Prepare a budget report for August using flexible budget data.

(b)  

In September, 64,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August.

On January 1, 2018 Vulcan Company purchased 400 of the 1000 shares of Star Trek company stock for $60,000.                                                                                                                  

At this time, Star Trek had a truck with a book value of $40,000 and a fair market value of $80,000. The truck has a life of 5 years with no salvage value and Star Trek uses straight line depreciation                                                                                                                              

On July 1, 2018 Star Trek paid a dividend of $1 per share                                                                                                                              

On December 31, 2018 Star Trek reported a profit of $11,000 and its stock was selling $151 per share                                                                                                                      

On July 1, 2019 Star Trek paid a dividend of $2 per share                                                                                                                               

On December 31, Star Trek reported a loss of $5000 and its stock was selling for $148 per share                                                                                                                 

On July 1, 2020 Star Trek announced that it wasn't paying any dividends in 2020.                                                                                                                              

On December 31, 2020 Star Trek reported a profit of $3000 and its stock was selling for $155 per share                                                                                                                  

On January 31, 2021 Vulcan sold its entire investment in Star Trek at $150 per share                                                                                                                      

REQUIRED                                                                                                                          

A) MAKE ALL THE JOURNAL ENTRIES CONNECTED WITH VULCAN'S INVESTEMENT IN STAR TREK IN                           2018                                                                                                      

                2019                                                                                                      

                2020                                                                                                      

                2021                                                                                                      

                B) FILL IN THE FOLLOWING TABLE                                                                                                                           

                                2018       2019       2020                                                      

INVESTMENT IN STAR TREK                                                                                                                        

INVESTMENT INCOME