Tristar Production Company began operations on September 1, 2018. Listed below are a number of transactions that occurred during its first four months of operations. (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.)

On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $150,000 in cash for the property. According to appraisals, the land had a fair value of $108,800 and the building had a fair value of $61,200.

On September 1, Tristar signed a $45,000 noninterest-bearing note to purchase equipment. The $45,000 payment is due on September 1, 2019. Assume that 9% is a reasonable interest rate.

On September 15, a truck was donated to the corporation. Similar trucks were selling for $3,000.

On September 18, the company paid its lawyer $5,500 for organizing the corporation.

On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $20,000 and $750 in freight charges also were paid.

On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $6,000 normal cash price. The supplier agreed to accept 200 shares of the company's nopar common stock in exchange for the equipment. The fair value of the stock is not readily determinable.

On December 10, the company acquired a tract of land at a cost of $25,000. It paid $4,500 down and signed a 11% note with both principal and interest due in one year. Eleven percent is an appropriate rate of interest for this note.

Required:
Prepare journal entries to record each of the above transactions.

Tristar Production Company began operations on September 1, 2018. Listed below are a number of transactions that occurred during its first four months of operations. (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.)

1. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $290,000 in cash for the property. According to appraisals, the land had a fair value of $204,600 and the building had a fair value of $105,400.
2. On September 1, Tristar signed a $59,000 noninterest-bearing note to purchase equipment. The $59,000 payment is due on September 1, 2019. Assume that 8% is a reasonable interest rate.
3. On September 15, a truck was donated to the corporation. Similar trucks were selling for $4,400.
4. On September 18, the company paid its lawyer $7,000 for organizing the corporation.
5. On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $34,000 and $1,450 in freight charges also were paid.
6. On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $7,400 normal cash price. The supplier agreed to accept 200 shares of the company's nopar common stock in exchange for the equipment. The fair value of the stock is not readily determinable.
7. On December 10, the company acquired a tract of land at a cost of $39,000. It paid $7,000 down and signed a 10% note with both principal and interest due in one year. Ten percent is an appropriate rate of interest for this note.

Required:
Prepare journal entries to record each of the above transactions.

1 What is genetic drift?  

2 In what way can a genetic bottleneck lead to genetic drift in population?

3 In what way can founder effect lead to genetic drift in a population?

1, Bitcoin and blockchain are the same thing.

true

false

2, Operational efficiency and operational effectiveness are the same thing.

true

false

3, Bill Gates was the sole founder of Microsoft.

true

false

Keshk, Walied; Lu, Hung‐Yuan Richard; Mande, Vivek (2020). How have US banks adopted the Financial Accounting Standards Board's Level 3 fair value disclosure rules? Accounting & Finance 60, April Supplement S1, 693-727.

. If you were an auditor, which type of estimate requires more work to audit Levels 1,2 or Level 3?  Explain?

THIS LAB CORRESPONDS TO LAB TOPIC 11: POPULATION GENETICS:  THE HARDY-WEINBERG EQUILIBRIUM.

THE FOLLOWING NEEDS TO BE COMPLETED AND TURNED IN FOR LAB

1. Define and provide examples of the following terms:

1. Evolution:

2. Population:

3. Gene pool:

4. Gene flow:

5. Genetic drift:

6. Bottleneck effect:

7. Founder effect:

8. Natural selection:

9. Genetic fixation:

10. Genotypic frequency:

11. Allelic frequency:

12. Model:

THIS LAB CORRESPONDS TO LAB TOPIC 11: POPULATION GENETICS:  THE HARDY-WEINBERG EQUILIBRIUM.

THE FOLLOWING NEEDS TO BE COMPLETED AND TURNED IN FOR LAB

1. Define and provide examples of the following terms:

1. Evolution:

2. Population:

3. Gene pool:

4. Gene flow:

5. Genetic drift:

6. Bottleneck effect:

7. Founder effect:

8. Natural selection:

9. Genetic fixation:

10. Genotypic frequency:

11. Allelic frequency:

12. Model:

Davidson Co. had the following transactions in 2017:

- The business was started when it acquired $200,000 in cash from the issuance of common stock
- The company purchased $900,000 of merchandise throughout the year
- During the year, the Company sold merchandise for $1,200,000 (broken out as follows):
- $ 520,000 Cash Sales
- 380,000 Credit Card Sales - The Credit Card Company charges a 4% service fee
- 300,000 Sales on Account
$ 1,200,000
- The merchandise sold was pulled from merchandise inventory and totaled $710,000
- The company collected all of the sales from the credit card receivable
- The company collected $210,000 of Accounts Receivable
- The company paid $190,000 cash for selling and administrative expenses
- Determined that 5% of the ending accounts receivable balance would be uncollectible

REQUIRED
Show the effects of each of the transactions on the elements of the financial statements, using a traditional horizontal
statements model like the one shown below.Use a "+" for an increase, "-" for a decrease and "N/A" for No effect.

Heineken

Evaluate Heineken’s corporate-level and international strategy using concepts and tools from the course. How has the entries into new product and geographical markets created value for the company? What are some problems with its diversified global operations and how can these be addressed?

Must use Case from the 10th edition for 2020

Customer Corp. entered into a five-year lease agreement with Supplier Ltd, on 1 July 2019. The lease is for a number of spa baths. Supplier Ltd acquired the spa baths on 1 July 2019, at the fair value of $1,009,850. Customer Corp. uses the spa baths at a club. The baths are expected to have an economic life of seven years, after which time they will have no residual value. There is a bargain purchase option that Customer Corps will be able to, and is expected to, exercise at the end of the fifth year, for $100,000.

There are to be five annual payments of $250,000, due at the end of each fiscal year (i.e., on 30 June each year). Customer Corp. is responsible for the insurance and maintenance of the equipment. The equipment is to be depreciated on a straight-line basis. The interest rate implicit in the lease is 10% per year. The lease can be cancelled by Customer Corp. upon payment of a penalty of $700,000.

REQUIRED:                                       

(1)    What type of lease is this for Supplier Ltd? Provide justifications for your classification considering the criteria in AASB 16 – ‘Leases’.

(2)    Prepare the journal entries, including narrations, for Supplier Ltd from 1 July 2019 to 30 June 2020 to record the lease arrangement consistent with AASB 16 – ‘Leases’.

(3) For Customer Corp. the contract contains a lease. Prepare the journal entries, including narrations, for Customer Corp. from 1 July 2019 to 30 June 2020 to record the lease arrangement consistent with AASB 16 – ‘Leases’.