Tree Top Company is considering raising additional capital for further expansion. The company wants to finance a new business venture into guided trips down the Amazon River in South America.​ Additionally, the company wants to add another building on their land to offer more services for local customers.

Tree TopCompany plans to raise the capital by issuing $1,400,000 of 7​%,seven​-year bonds on January​ 2, 2020. The bonds pay interest semiannually on June 30 and December 31. The company receives $1,398,320 when the bonds are issued. The company also issues a mortgage payable for $400,000 on January​ 2, 2020. The proceeds from the mortgage will be used to construct the new building. The mortgage requires annual payments of $20,000 plus interest for twentyyears, payable on December 31. The mortgage interest rate is 8​%.

Requirement 1. Will the bonds issue at face​ value, a​ premium, or a​ discount?

Tree Top​'sbonds will be issued at a discount because

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Requirement 2. Record the following transactions. Include dates and round to the nearest dollar. Omit explanations. ​(Round your answers to the nearest whole dollar. Record debits​ first, then credits. Exclude explanations from any journal​ entries.)

a. Cash received from the bond issue.

Date	Accounts	Debit	Credit
2020
Jan. 2	Cash
	Discount on Bonds Payable
	Bonds Payable

b. Cash received from the mortgage payable.

Date	Accounts	Debit	Credit
2020
Jan. 2	Cash	400000
	Mortgages Payable

c. Semiannual bond interest payments for 2020.Amortize the premium or discount using the​ straight-line amortization method. Start by recording the semiannual bond interest payment on June​ 30,2020.

Date	Accounts	Debit	Credit
2020
Jun. 30	Interest Expense
	Cash
	Discount on Bonds Payable

Now record the semiannual bond interest payment on December​ 31, 2020.

Date	Accounts	Debit	Credit
2020
Dec. 31

d. Payment on the mortgage payable for2020.

Date	Accounts	Debit	Credit
2020
Dec. 31

Requirement 3. Calculate the total interest expense incurred in 2020.

	Total 2020
	Interest Expense
Bonds
Mortgage
Total

Hornet plc acquired 60% of the equity share capital of Alton on 1 January 2009 for a cash consideration of $ 4.5 M. The fair value of net assets of Alton at this date was $6 and full goodwill method is used. During 2009 until 31 December 2009 Alton made a net income of $2. On 1 January 2010, Hornet acquired an additional 30% of equity of Alton for $ 2M. On 1 January 2010, identifiable net assets of Alton were included in the consolidated statement of financial position at $ 8M.

Use the above to answer the following

Solve the question in details as we took in class and then answer the questions

1. What is the goodwill recognized on 1 January 2009?

2. What is the worksheet journal entry to record the effect of the 30% additional purchase of shares on 1 January 2010?

3. What is the value of goodwill following the purchase of the additional 30% shares on 1 January 2010?

4. What is the amount of gain or loss recognized following the purchase of the additional 30% shares on 1 January 2010 and why?

Metlock Inc., a registered broker, enters into a finder’s fee agreement with HOM Homes Ltd. on June 15, 2020. Metlock will find leads in the form of buyers potentially interested in purchasing HOM’s real estate holdings. Along with finding potential buyers, Metlock helps negotiate the selling price and provides advice on contract details. If and when HOM closes a sale, Metlock will be paid within 30 days of the closing date, based on the following formula: 5% of any transaction value up to and including $1 million, plus 4% of any transaction value greater than $1 million and less than and including $2 million, plus 3% of any transaction value greater than $2 million and less than and including $3 million, plus 2% of any transaction value greater than $3 million and less than and including $4 million, plus 1% of any transaction value in excess of $4 million. If Metlock is represented by another broker and this information is not shared with HOM, the fee is reduced by 50%. On September 1, 2020, HOM paid Metlock $51,000 to provide some needed cash flow for seeking out buyers. On October 15, 2020, an offer was made and accepted for a parcel of real estate at a price of $3.50 million. The transaction closed on November 1, 2020, and Metlock was paid the finder’s fee net of $51,000 on November 30, 2020.

Determine the accounting treatment of the above events for Metlock Inc. and prepare any journal entries needed on: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

a.		June 15, 2020
b.		September 1, 2020
c.		October 15, 2020
d.		November 1, 2020
e.		November 30, 2020

	Date	Account Titles and Explanation	Debit	Credit
a.
b.
c.
d.
e.

List of Accounts

• Accounts Payable
• Accounts Receivable
• Advertising Expense
• Allowance for Doubtful Accounts
• Allowance for Sales Returns and Allowances
• Cash
• Commission Expense
• Commission Revenue
• Compensation Expense
• Consignment Sales
• Construction Expenses
• Contract Asset/Liability
• Cost of Goods Sold
• Estimated Inventory Returns
• Interest Expense
• Interest Income
• Interest Payable
• Interest Receivable
• Inventory
• Inventory on Consignment
• Loss from Long-Term Contracts
• Materials, Cash, Payables
• Miscellaneous Expense
• No Entry
• Notes Receivable
• Office Expense
• Refund Liability
• Rent Revenue
• Returned Inventory
• Revenue from Consignment Sales
• Revenue from Long-Term Contracts
• Sales Discounts
• Sales Discounts Forfeited
• Sales Returns and Allowances
• Sales Revenue
• Service Revenue
• Unearned Rent Revenue
• Unearned Revenue
• Utilities Expense
• Warranty Expense
• Warranty Liability
• Warranty Revenue

A 12.0 V dc battery having no appreciable internal resistance, a 150.5 ohm resistor, an 11.2 mH inductor, and an open switch are all connected in series.
A)After the switch is closed, what is the time constant for this circuit ? 74.4 micro seconds
B)After the switch is closed, what is the maximum current that flows through it ? in A
C) What is the current 73.4 micro seconds after the switch is closed ? in A
D)After the switch is closed, what is the maximum energy stored in the inductor? in micro J

some nations are better than others in innovation and creativity. Explain this in 300-400 words ( please donot copy from internet

Identify three conditions that would need to be implemented (or have already been implemented) in your organization to create a culture of innovation and change.

Identify three conditions that would need to be implemented (or have already been implemented) in your organization to create a culture of innovation and change.

In what ways does Amazon promote innovation and entrepreneurship in each function of the value chain in addition to creation of new products? Explain

Think of an organization or group you have encountered that is resistant to new ideas. How could you stimulate innovation and creativity in this environment?