Bonds and corporations are two different concepts, explain how these concepts provided the most value to you.

Indicate how these two (2) new areas of knowledge will benefit you in your job or future career.

Discuss the modern day accountant’s role in the current technologically dominated business environment. Explain your answer.

In 1990 Bridgeton Industries produced three products at its Automotive Component & Fabrication (ACF) Plant: Fuel Tanks, Manifolds, and Doors. Use the information below to respond to the following:

A.Complete the 1990 pro-forma by-product income statement, given the existing cost system in the case.

B. For each product, calculate the budgeted sales price per unit, full-absorption cost per unit, contribution margin (revenues minus variable costs) per unit, and profit per-unit.

C. Assuming no other changes, evaluate the following statement about Bridgeton’s cost system: “We should switch to machine hours as our cost driver for factory overhead to reduce RUCAG.”

D.Calculate the percentage of each activity driver in the Activity Analysis Table that each cost object consumes. Using the results, determine the number of indirect cost pools you think is needed for a multiple-allocation-base system.

E. Calculate the reported unit cost for each product using a multiple-allocation-base cost approach. Identify all important components of your system (cost pools, cost objects, cost drivers, etc.) and explain the design choices (e.g., number of cost pools, cost drivers) that you make.

1990 Pro-Forma Income Statement, by Product

Bridgeton Industries Automotive Component & Fabrication Plant

*Allocated based on budgeted direct labor dollars.

Other 1990 Information

Available machine hours:                                   15,000

Activity Analysis Data

The Everly Equipment Company's flange-lipping machine was purchased 5 years ago for $80,000. It had an expected life of 10 years when it was bought and its remaining depreciation is $8,000 per year for each year of its remaining life. As older flange-lippers are robust and useful machines, this one can be sold for $20,000 at the end of its useful life.

A new high-efficiency digital-controlled flange-lipper can be purchased for $140,000, including installation costs. During its 5-year life, it will reduce cash operating expenses by $50,000 per year, although it will not affect sales. At the end of its useful life, the high-efficiency machine is estimated to be worthless. MACRS depreciation will be used, and the machine will be depreciated over its 3-year class life rather than its 5-year economic life, so the applicable depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%.

The old machine can be sold today for $55,000. The firm's tax rate is 35%, and the appropriate cost of capital is 16%.

1. If the new flange-lipper is purchased, what is the amount of the initial cash flow at Year 0? Round your answer to the nearest whole dollar.
   $
2. 
   
3. 
   
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5. What are the incremental net cash flows that will occur at the end of Years 1 through 5? Do not round intermediate calculations. Round your answers to the nearest whole dollar.

   CF1	$
   CF2	$
   CF3	$
   CF4	$
   CF5	$

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7. What is the NPV of this project? Do not round intermediate calculations. Round your answer to the nearest whole dollar.

Holly Company has the following information for December 1 to December 31. All direct materials are 100% complete.

Problem 15-2A Recording, adjusting, and reporting short-term available-for-sale securities LO P3

[The following information applies to the questions displayed below.]

Rose Company had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017.

3. Prepare an adjusting entry, if necessary, to record the year-end fair value adjustment for the portfolio of short-term investments in available-for-sale securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Prepare a table to compare the year-end cost and fair values of Rose's short-term investments in available-for-sale securities. The year-end fair values per share are: Gem Co., $25.00; PepsiCo, $45.25; and Xerox, $13.00.

Prior to 1983, hospitals received reimbursement from governmental programs such as Medicare and Medicaid on a cost-plus basis. That is, if the hospital reported total costs of $100 to provide care for Medicare/Medicaid patients, it received $135 from the government (given a 35% cost-plus mark-up).

After 1983, hospitals received reimbursement from governmental programs such as Medicare and Medicaid on a fixed-fee basis. That is, every time the hospital provided a particular type of care (for example, diagnosis and treatment of an ear infection) to a Medicare/Medicaid patient, it received the same payment from the government (e.g., $65 for every ear infection diagnosis and treatment).

Explain why hospitals are likely to have increased their investment in accounting information systems after 1983, given the descriptions of the two reimbursement plans. Be explicit about the costs and benefits involved.

On January 1, 2012, P Company purchased 95% of the outstanding common stock of S Company for $160,000. At that time, Sessions' stockholders' equity consisted of common stock, $120,000; other contributed capital, $10,000; and retained earnings, $23,000. Any difference between the implied value of the company and the book value is attributable to goodwill. On December 31, 2012, the two companies' trial balances were as follows:

PERFORM USING COST METHOD, THEN PERFORM USING EQUITY METHOD

Step 1.Prepare a T-Account to keep track of P's Investment in S. Record the date of acquisision entry.

Step 2:Prepare the Computation and Allocation of Difference Schedule.

Step 3: Prepare the investment elimination entries as of the date of acquisition and year after acquisition.

Step 4: Prepare the consolidating financial statement workpaper.

1.) What is the total property tax bill for your house in Ohio with a market value of $125,000? Note the following and show your calculations in the space below:

 You are eligible for the $25,000 homestead exemption

 The city in which you live has a millage rate of 70.

 Don’t forget residential taxable value is 35% of assessed value in Ohio!

Assuming the exact same scenario as above;

2.) Research online to identify a proposed levy (present or past) that would impact property taxes. The levy can be in any state over the last 5 years BUT still assume the scenario in Q1 for the sake of simplicity/practice. Identify:

A. The source:

B. A summary of the issue (location, proponents, why pursuing), 100-250 words:

C. The proposed levy’s impact on property taxes:

D. How the levy would impact YOUR property taxes for the property in Q1:

Question 3 You are the accountant for FreeWheels Ltd, a tandem bicycle manufacturer that is located in Coffs Harbour and has customers in Australia and the USA. Their estimated current sales volume is 6,000 units per month and based on this level of production, the company has budgeted the following costs and prices per unit: Manufacturing Costs per unit (Based on production of 6,000 units per month) Direct Material Cost $75.00 Direct Labour Cost 35.00 Variable Factory Overhead 10.00 Fixed Factory Overhead 20.00 Total Manufacturing Cost 140.00 Selling & Administrative Costs Variable Selling and Administrative Cost 25.00 Fixed Selling and Administrative Cost 20.00 45.00 Total Cost Per Unit 185.00 Selling Price Per Unit $370.00 Cycle World Ltd is an overseas company that sells bicycles all over the world, with the majority of their market in China and India. They have approached FreeWheels about obtaining a quote for a special one-off order as they would like to purchase 25,000 bikes. As this will be a special order sale, there will be no costs incurred for variable selling and administrative costs and no additional fixed costs will be incurred. This order is because their existing supplier has suffered substantial earthquake damage to their premises, but the CEO of Cycle World Ltd also hinted to your CEO that if they are satisfied with the product, this might not be the last deal between the two businesses. Required: 1. Given this knowledge, what amount should FreeWheels Ltd. bid for this contract in each of the following circumstances: a) The FreeWheels’s annual factory capacity is 100,000 units. b) The FreeWheels’s annual factory capacity is 90,000 units. (To fulfil the order, you may have to pull the product from your regular production). 2. Assuming that the annual factory capacity is 100,000 units, prepare a report for your CEO explaining your justification for the bid price that you came up with in 1 a). Discuss the possible opportunities and potential disadvantages with accepting this contract with Cycle World. Give both quantitative and qualitative support to your discussion.

3. Nacho Company is a retailer of durable, light-weight backpack bag and consistently known for their high-quality and innovation. The firm is considering dropping the Pink backpack product and only to sell the traveler backpack. Nacho Company allocates fixed costs (both corporate and selling/administrative) to products based on sales revenue. When the president of the company saw the product-line income statements (presented below), he agreed that the Pink product should be dropped. If this is done, sales of traveller are expected to increase by 20% next year; the firm's cost structure will remain the same.

Required:

1. Find the expected change in annual operating income by dropping the Pink product and selling only the traveler product. Show calculations to support your answer.

2. What strategic factors should be considered?

What is the difference between current earnings and profits and accumulated earnings and profits?

I need an adjusted trial balance for this question. Here are the instructions, the journal, and the unadjusted trial balance.

Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1, 2019 (unless otherwise indicated), are as follows:

During May, the last month of the fiscal year, the following transactions were completed:

Record the following transactions on page 20 of the journal. Refer to the Chart of Accounts for exact wording of account titles.

Record the following transactions on page 21 of the journal. Refer to the Chart of Accounts for exact wording of account titles.

Create an adjusting trail balance.

When is the unrelated business tax assessed on an exempt organization