The following information relates to Husk Corn Co. for the year ended December 31, 2018:

The company tells you that Income from Continuing Operations PRE Taxes is $ 300,000. However, this amount was computed before the company considered these items: (i.e. none of the items listed below are factored into the $300,000)

Restructuring Costs incurred in 2018 were $25,000

When recording depreciation expense for the previous year (2017), they mistakenly recorded depreciation twice for the same asset. The amount of the error was $15,000 after taxes. The error had no effect on the amount of depreciation expense recorded in 2018.

As a result of some stronger credit policies put in place in 2018, Husk Corn Co. decided to reduce the percentage used in the calculation of bad debts expense from 2% of net sales to 1.5% of net sales. These new percentages resulted in bad debt expense of $8,000 for the year-ended 2018. (Again, this change in estimate information is not included as part of the $300,000 above. i.e. there is no bad debt expense included as part of the $300,000 amount.)

On October 1, 2018, the company sold Division B, a major component of the business which had been unprofitable for the past several years. Husk Corn Co. reported a loss of $20,000 on Division B during the first 9 months of the year while it was still in operations. They were able to sell the assets of the division before the end of 2018. However, the sale resulted in a loss of $40,000.

Husk Corn Co. incurred a loss from a write-down of obsolete inventory of $10,000 during 2018.

Gains on foreign currency exchange during 2018 were $20,000, which affects comprehensive income only.

1. What is the correct amount that should appear on the Husk Corn Co. income statement as "Income from Continuing Operations before Taxes"?

2. Prepare the 2018 partial income statement for Husk Corn Co. beginning with "Income from Continuing Operations before Taxes" and ending with "Net Income". Assume that your answer in part 1 above was $250,000 for purposes of this question. Assume an income tax rate of 25%. Do not complete the comprehensive income portion.

3. Assuming there are $50,000 shares of common stock outstanding at year-end, what is Husk Corn Co's net income per share (EPS)?

Show all work please.

Use the following description to answer question 9. The mean height of American women in their early twenties is about 64.5 inches and the SD is about 2.5 inches. The mean height of men the same age is about 68.5 inches, with a SD about 2.7 inches. It is also known that the correlation between the heights of husbands and wives is about r = +.50. Women (Y) Men (X) 66 70 64 68 62 66 66 71 65 67 67 68 62 69 66 69 65 69 63 67 68 70

9. Use Excel to obtain the values for the following (A) What is the value of the slope for the regression equation when predicting women’s heights from men’s heights? (B) Obtain the value of the y intercept. (C) Provide an interpretation of the y intercept obtained in part B. (D) Create a scatterplot for the data above and plot the regression line. (E) What are the predicted heights for wives whose husbands’ heights are: 70, 69, and 67?

In 2003, authors Michael Zemel and Bill Gottlieb published the book The Calcium Key: The Revolutionary Diet Discovery That Will Help You Lose Weight Faster. In it, they describe a claim that became popular in the early 2000s that calcium improves metabolism and increases your body's ability to burn fat. But is it true?

In this discussion, you will investigate this claim and who may have a stake in it. Include the following in your response:

1. Find an article that links calcium to weight loss. Using the tools and strategies you learned in Module 2, evaluate the article. Be sure to also share a link to the article you found.
2. The Academy of Nutrition and Dietetics (formerly the ADA, or American Dietetic Association) is one organization that has published claims about calcium aiding in weight loss. Use a search engine to find which companies sponsor the Academy. Do you see any potential conflicts of interest? Explain who may benefit from the general public believing that they should increase their intake of calcium.

1. Answer three parts of this question. Your answers for each part should be no more than two pages long. a. Describe the assumed process for the evolution of the underlying asset price in the Black-Scholes optionpricing model. b. Derive the lower bound for a European put option written on a non-dividend paying stock and explain how you could make a riskless profit if this bound is violated. c. ‘American call options written on non-dividend paying stocks should never be exercised early’. Is this statement true? Prove your answer. d. Describe how a Collateralized Debt Obligation (CDO) is created. Why is this derivative popular with the banking sector? e. Assuming that the reference entity defaults after 2 years and 3 months, describe the cashflows arising from a 3-year CDS contract, with a notional principal of €80 million and a credit default spread of 160 basis points that is initiated today. Premium payments are made semi-annually in arrears.

Early in its fiscal year ending December 31, 2021, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on March 28 with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased by paying $390,000 immediately and signing a noninterest-bearing note requiring the company to pay $790,000 on March 28, 2023. An interest rate of 8% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $39,000 were paid at closing.

At the end of April, the old building was demolished at a cost of $89,000, and an additional $69,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

San Antonio borrowed $6,500,000 at 8% on May 1 to help finance construction. This loan, plus interest, will be paid in 2022. The company also had a $7,150,000, 8% long-term note payable outstanding throughout 2021.

In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $790,000. The fair values of the equipment and the furniture and fixtures were $623,000 and $267,000, respectively. In December, San Antonio paid a contractor $380,000 for the construction of parking lots and for landscaping.

Before reading Detroit's Forgotten History by Bill McGraw, I had no idea that slavery occurred anywhere in Michigan, especially in Detroit. From middle school to high school, I learned a good amount of knowledge on slavery, but I was led to believe that slavery only occurred in Southern states. And for the southern states still having slavery this resulted in the Civil War. Thinking about it now, my best knowledge of slavery are the events that occurred because of it, instead of slavery itself. For example, the Underground Railroad was taught heavily in school, while the direct subject of slavery wasn't. This is very surprising since the magnitude slavery has on United States's history. Education system neglected teaching the harsh, violent riots of slavery but focused more on uprising events like the Underground railroad. Now events like the Underground railroad deserve recognition, but at the same time we shouldn't shy away from the harsh, violent acts these innocent people endured. Living near Detroit my whole life, and not knowing that slavery played a huge role in the foundation of Detroit is very disappointing. I entirely agree with McGraw's statement that: "Local students learn about the Underground Railroad in school, but Detroit’s slave history is rarely taught.”? In the , Underground Railroad and Violence by Roy E. Finkenbine, Finkenbine addresses the violence that occurred against free black people after the Civil War. Violence was used against African Americans to make them leave or even die. Free blacks from the south and north made their way to the east side of Detroit to live in the neighborhoods. This obviously provoking the fellow neighbors in these neighborhoods, violence then would break out. These acts of violence were meant to push the free slaves away but instead it did the opposite. These free slaves were so desperate and determined to stay free that they were willing to return the violence back. Members of the African American community and some white allies fought back to protect the free slaves wanting to stay free (Finkenbine pg. 23). The law that played a significant role in the uprisings and violence described by Finkenbine was the Fugitive Slave Act of 1793. Violence erupted during this act because slave owners were able to track any of their runaway slaves in the United States. This act did nothing but create more violence because these free slaves were tired of the hardship, so they were going to fight back to live a free life. “Slavery is the ground zero of race relations.” This is an extremely heavy and true statement. After the black community were free by slavery, they were still not accepted in America. With Jim Crow laws and other acts against the black community, the fight was still not over. African Americans had to face the fact that slavery was just the first battle. More racial situations and acts were coming toward them and even this day we see it. Still today racial altercations occur frequently in America and it is just saddening. Noticing the lack of progress this country has made toward this dilemma is truly depressing. As a nation we still can't look or treat people the same, and having to go back to racial objections is horrifying. Taking more action and to keep fighting this oppression is the best way to move forward. Slavery will never be forgotten as a historical period, but not improving from it could be even worse and unforgettable as history goes on.

reply to this comment by discussing and agreeing the topic mentioned, please.

1. Does the term “prosperity decade” accurately describe the 1920s? Why or why not?

2. The stock market crash of October 1929 explains the Great Depression. Critically evaluate.

3. What are the major areas of federal government intervention into the economy between 1887 and 1970? In each case, provide a brief rationale that explains why the government intervened.

4. Compare and contrast the role of the federal government in the 1887-1914 time period with the New Deal era. Be sure to explain the major areas of intervention and provide an explanation for the federal government’s involvement in the economy.

5. Why was the south stagnant after the Civil War?

6. How has baking regulation evolved in the U.S.?

7. Characterize the free banking era: how did it work; was it successful; why did it end?

8. Was the labor movement successful between 1860-1918? (Did is meet its goals, markedly change working conditions for the majority?) What about after WWI? What contributed to any differences?

9. Identify and explain some of the major technological changes in American industry that permitted the growth of so-called big-business. 10. Describe some of the problems that the National Banks faced during the late 19th century? How did Congress attempt to solve the problem? Did it work?

11. What role did the railroads play in economic growth between 1865 and 1920? Identify some of their effects on the growth of a national market.

12. What forces operated in the late 19th century to bring about passage of the Federal Reserve Act? What specific defects in the financial structure was the Act meant to remedy? Was it successful?

13. What was the "Crime of 73"? Why was it "committed"? Who benefited and who lost from the policies associated with the "Crime of 73"? Can you suggest an alternative policy that might have addressed the grievances of the losers without recreating the reason the "crime" was "committed"?

14. Why has the tertiary sector (government) grown so much?

15. Why was the Great Depression the only great depression that the U.S. has suffered? What are the chances that the U.S. will suffer another economic catastrophe like the Great Depression in the next half century?

Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $100,300 as of October 1, which consists of $21,900 of direct materials and $78,400 of conversion costs.

During the month the company incurred the following costs:

During October, the company started 156,000 units and transferred 166,000 units to finished goods. At the end of the month, the work in process inventory consisted of 28,000 units that were 80% complete with respect to conversion costs.

Required:
1. Prepare the company’s process cost summary for October using the weighted-average method.
2. Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished goods inventory.

Complete this question by entering your answers in the tabs below.

Required 1

Required 2

Prepare the company’s process cost summary for October using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

Journal entry worksheet

Record the transfer of goods to finished goods inventory.

Note: Enter debits before credits.

Problem 16-3A Weighted Average: Process cost summary; equivalent units LO C2, C3, P4

Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $104,300 as of October 1, which consists of $23,100 of direct materials and $81,200 of conversion costs.

During the month the company incurred the following costs:

During October, the company started 160,000 units and transferred 170,000 units to finished goods. At the end of the month, the work in process inventory consisted of 30,000 units that were 80% complete with respect to conversion costs.

Required:
1. Prepare the company’s process cost summary for October using the weighted-average method.
2. Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished goods inventory.

Prepare the company’s process cost summary for October using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

• Record the transfer of goods to finished goods inventory.

Nation’s Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The firm’s controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm’s equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y = a + bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows:

Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation’s Capital Fitness, Inc. Express the cost behavior pattern in equation form. (Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount.)

Monthly Maintenance Cost =

Variable Maintenance Cost per hour =

Compute the predicted maintenance cost at 620 hours of activity.

Maintenance Cost =

1. Compute the variable cost per hour and the fixed cost per hour at 630 hours of activity. (Round your answers to 2 decimal places.)

Variable Cost per hour =

Fixed Cost per hour =

1. Why is the fixed cost per hour possibly misleading?

multiple choice

• Because it will change as the number of hours changes.

• Because it will not change as the number of hours changes.