1. On July 1, 2020, IBM Inc. purchased a 3-year, $50,000 bond with a June 30, 2023 maturity date. The bond’s stated rate of interest was 5%, paid semiannually (June 30 and December 31). The bond was purchased at face value for $50,000 and properly reported as a trading security.

   The fair market value of the bond purchased by IBM was $51,000 on December 31, 2020.

   What was the balance in the Securities Fair Value Adjustment account at December 31, 2020? What was the net dollar impact of the adjustment to the SFVA Adjustment account on 2020 income before income taxes?

   		SFVA Balance: $1,000 Cr Effect of Net Income: no effect
   		SFVA Balance: $1,000 Cr Effect of Net Income: $1,000 increase
   		SFVA Balance: $1,000 Dr Effect of Net Income: $1,000 increase
   		None of the other answer choices is correct.
   		SFVA Balance: $1,000 Dr Effect of Net Income: $1,000 decrease
   		SFVA Balance: $1,000 Dr Effect of Net Income: no effect
   		SFVA Balance: $1,000 Cr Effect of Net Income: $1,000 decrease

Cheyenne Corp.’s income statement for the year ended December 31, 2020, had the following condensed information:

There were no purchases or sales of trading (FV-NI) investments during 2020.

Cheyenne’s statement of financial position included the following comparative data at December 31:

Assume that Cheyenne Corp.’s current cash debt coverage ratio in 2019 was 4.5. Calculate the company’s current cash debt coverage ratio in 2020. (Round answer to 1 decimal places, e.g. 7.5.)

Norr and Caylor established a partnership on January 1, 2010. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000. For both partners, the beginning capital balance was to equal the initial investment. Norr and Caylor agreed to the following procedure for sharing profits and losses:

- 12% interest on the yearly beginning capital balance;
- $10 per hour of work that can be billed to the partnership's clients; and
- the remainder divided in a 3:2 ratio.

The Articles of Partnership specified that each partner should withdraw no more than $1,000 per month.
For 2010, the partnership's income was $70,000. Norr had 1,000 billable hours, and Caylor worked 1,400 billable hours. In 2011, the partnership's income was $24,000, and Norr and Caylor worked 800 and 1,200 billable hours, respectively. Each partner withdrew $1,000 per month throughout 2010 and 2011.
Required:
(A) Determine the amount of net income allocated to each partner for 2010.
(B) Determine the balance in both capital accounts at the end of 2010.

Acme Materials Company manufactures and sells synthetic coatings that can withstand high temperatures. Its primary customers are aviation manufacturers and maintenance companies. The following table contains financial information pertaining to cost of quality (COQ) in 2019 and 2020 (in thousands of dollars):

Required:

1. Classify the cost items in the table into cost-of-quality (COQ) categories.

2. Calculate the ratio of each COQ category to revenues in each of the 2 years.

3. Calculate the percentage change in each COQ category and total COQ and comment on the results:

a. Percentage change in total COQ as a percentage of sales, from 2019 to 2020;

b. Total COQ in 2020 expressed as a percentage of 2019 sales dollars;

c. Percentage change in total prevention costs, 2019 to 2020;

d. Percentage change in total appraisal costs, 2019 to 2020;

e. Percentage change in total internal failure costs, 2019 to 2020;

f. Percentage change in total external failure costs, 2019 to 2020.

On January 2010, Mr. Ronald Spahr won a prize of a $300,000. For the last few years, Ron has been educating himself about the stock market. Because of the financial crisis, Ron, among others, believes this is a great entry point for investors and that there are so many undervalued stocks and great investment opportunities.

It is now May 2010; Ron is still sitting on his money waiting to learn more about the stock market. Ron heard a lot of investment professionals talking about making money by investing in new stocks offered to the public at initial public offerings (IPOs). So, Ron is waiting for a good IPO to jump in the market.

Ron started to learn about an upcoming IPO of an automobile company that so many people believe will change the future of the industry in the US and globally, that’s Tesla Motors (TSLA). Ron likes this new company so much and is ready to start his investment journey once the stock goes public on June 29^th of 2010.

• Ron was not able to purchase the stock at the IPO price of $17. However, he purchased the shares in the secondary market at a price of $25 per share on July 1^st, 2010. Ron’s account manager is also so positive about TSLA, so she advised Ron to use the maximum allowed margin to maximize his returns from this great investment opportunity. Ron’s broker initial margin requirement is 60% and charges interest rate of 5%.

1. How much money will Ron borrow from his broker in order to use the entire margin in this transaction?

1. $750,000
2. $300,000
3. $333,333.3
4. $200,000

2. How many shares did he purchase if he will use the entire allowed margin?

1. 13,330 shares
2. 20,000 shares
3. 30,000 shares
4. 12,000 shares

3) What is the minimum initial margin requirement as specified by the Federal Reserve   system?

a) 70%

b) 50%

c) 60%

d) 40%

4) If Ron’s broker has a maintenance margin of 40%, how far could TSLA stock decline before

Ron receives a margin call?

a) $15.8

b) $16.67

c) $17.50

d) $26.25

According to the valve adjustment diagram in gasoline engines, explain the following by stating on the figure. Intake valve opening, before 15° (top dead spot), Intake valve closing after 47° (bottom death spot), Exhaust valve opening before 41° (bottom death spot), Exhaust valve closing after 10° (top dead spot), Ignition advance before 15° (top dead spot)

According to the valve adjustment diagram in gasoline engines, explain the following by stating on the figure. Intake valve opening, before 15o (top dead spot), Intake valve closing after 47o (bottom death spot), Exhaust valve opening before 41o (bottom death spot), Exhaust valve closing after 10o (top dead spot), Ignition advance before 15o (top dead spot)

Abstract: “For decades, local governments have used interjurisdictional agreements to provide public services, plan for disasters, and coordinate action on a variety of collective problems. Local government scholars have been writing about these agreements for decades, but efforts to synthesize the extensive work on the subject have largely been absent. This essay reviews the work on this topic.”

HOW IT INFORMS THE IMPLEMENTATION OF Intergovernmental INITIATIVES

What is most significant about this concept?

Consider what you have learned about collective behavior, social movements, and social change this week. How is the global expansion of social media likely to affect how people pursue social change? How has it done so already? Use specific examples from the media (including a link to information about a recent social movement) as you analyze social movements, social change, technology, and the media.