Sako Company’s Audio Division produces a speaker that is used by manufacturers of various audio products. Sales and cost data on the speaker follow:

Sako Company has a Hi-Fi Division that could use this speaker in one of its products. The Hi-Fi Division will need 5,000 speakers per year. It has received a quote of $117 per speaker from another manufacturer. Sako Company evaluates division managers on the basis of divisional profits.

Required:

1. Assume the Audio Division sells only 20,000 speakers per year to outside customers.

a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?

b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?

c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 5,000 speakers from the Audio Division to the Hi-Fi Division?

d. From the standpoint of the entire company, should the transfer take place?


2. Assume the Audio Division is selling 22,500 speakers per year to outside customers.

a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?

b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?

c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 5,000 speakers from the Audio Division to the Hi-Fi Division?

d. From the standpoint of the entire company, should the transfer take place?

3. Assume the Audio Division is selling 25,000 speakers per year to outside customers.

a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?

b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?

c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 5,000 speakers from the Audio Division to the Hi-Fi Division?

d. From the standpoint of the entire company, should the transfer take place?

Sako Company’s Audio Division produces a speaker that is used by manufacturers of various audio products. Sales and cost data on the speaker follow:

Sako Company has a Hi-Fi Division that could use this speaker in one of its products. The Hi-Fi Division will need 5,000 speakers per year. It has received a quote of $125 per speaker from another manufacturer. Sako Company evaluates division managers on the basis of divisional profits.

Required:

1. Assume the Audio Division sells only 20,000 speakers per year to outside customers.

a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?

b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?

c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 5,000 speakers from the Audio Division to the Hi-Fi Division?

d. From the standpoint of the entire company, should the transfer take place?


2. Assume the Audio Division is selling 22,500 speakers per year to outside customers.

a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?

b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?

c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 5,000 speakers from the Audio Division to the Hi-Fi Division?

d. From the standpoint of the entire company, should the transfer take place?

3. Assume the Audio Division is selling 25,000 speakers per year to outside customers.

a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?

b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?

c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 5,000 speakers from the Audio Division to the Hi-Fi Division?

d. From the standpoint of the entire company, should the transfer take place?

Assume that Riverbed reports using ASPE. Prepare a schedule showing the intangible assets section of Riverbed’s statement of financial position at December 31, 2020. (Round answers to 0 decimal places, e.g. 5,275. Enter account name only and do not provide descriptive information.)

Compute the total amount of expenses resulting from the transactions that would appear on Riverbed’s income statement for the year ended December 31, 2020.

1. Dog Food Supply, Inc. reported the following on it December 31, 2019 balance sheet: “4,000,000 shares authorized, 500,000 shares issued and outstanding of $10 par value common stock”. The company issued (for cash) 40,000 shares of common stock on June 30, 2020 when the stock was selling at $45 a share. Then on September 15th, 2020, the company declared a cash dividend of $0.85 per share. On October 15th , of the same year, the company paid the dividends declared in September. On December 1, 2020, the company’s stock price rose to $95 and the company declared a two-for-one stock split.

Required: a. Present the journal entry to record the issuance of the stock on June 30, 2020. Show all supporting calculations.

b. What is the total number of shares outstanding on July 1, 2020?

c. Present the entry to record the declaration and the entry to record the payment of the cash dividends (Sept 15 and Oct 15th). Show all supporting calculations.

d. What is the total number of shares outstanding on December 31, 2020? Show your work.

e. What it the balance in Common Stock account (in dollars) on December 31, 2020? Show your work or calculations. f

. If retained earnings had a balance of $1,200,000 on December 31, 2019 and income summary account had a credit ending balance $800,000 (before closing entries), what is the retained earning balance on December 31, 2020, after all closing entries are posted? Show your work and explain your answer.

In 2020, the Coronavirus pandemic escalated, leading to millions of people being infected, hundreds of thousands of people dying, and changes in most people’s everyday lives. The economy “shutdown” with millions of North Americans losing their jobs, businesses shutting down on a temporary or permanent basis, and many consumers staying inside for several months. The stock market fell significantly, but by the end of Summer 2020, many indexes were reaching all-time highs as seen below: S&P 500 Index In other words, as Canada and US were experiencing some of the worst macroeconomic results in several decades (such as unemployment rate and GDP growth), the stock market was booming. Why is there such a seemingly “disconnect” between the stock market and the economy?

In 2020, the Coronavirus pandemic escalated, leading to millions of people being infected, hundreds of thousands of people dying, and changes in most people’s everyday lives. The economy “shutdown” with millions of North Americans losing their jobs, businesses shutting down on a temporary or permanent basis, and many consumers staying inside for several months. The stock market fell significantly, but by the end of Summer 2020, many indexes were reaching all-time highs as seen below: S&P 500 Index In other words, as Canada and US were experiencing some of the worst macroeconomic results in several decades (such as unemployment rate and GDP growth), the stock market was booming. Why is there such a seemingly “disconnect” between the stock market and the economy?

Mercer Corporation acquired $400,000 of Park Company’s bonds on June 30, 2018, for $409,991.12. The bonds carry a 12% stated interest rate and pay interest semiannually on June 30 and December 31. The appropriate market interest rate is 11%, and the bonds are due June 30, 2021.

Required:

During 2018, Karan acquired the following assets for use in her sole proprietorship: Asset Cost Date Place in ServiceComputers & Info. System $400,00003/31/2018Assembly Equipment1,200,00008/15/2018Warehouse 700,00011/13/2018

a. What is the maximum amount of cost recovery Karen can claim with respect to these assets in 2018?

b. What is each asset’s adjusted basis as of December 31, 2018?

c. Assume Karan sells the warehouse on May 5, 2020. What will Karan’s adjusted basis in the warehouse be for purposes of determining her gain or loss on the sale?

Mercer Corporation acquired $400,000 of Park Company’s bonds on June 30, 2018, for $409,991.12. The bonds carry a 12% stated interest rate and pay interest semiannually on June 30 and December 31. The appropriate market interest rate is 11%, and the bonds are due June 30, 2021.

Required: 1. Prepare an investment interest income and premium amortization schedule, using the:

a. straight-line method

b. effective interest method

2. Prepare journal entries to record the December 31, 2018, and December 31, 2020, interest receipts using both methods.

Please include comments on what you are doing.  

Using linked lists, write a Python program that performs the following tasks:

• store the records for each college found in the input file - colleges.csv - into a linked list. (File includes name and state data fields)
• allow the user to search the linked list for a college’s name; display a message indicating whether or not the college’s name was in the database
• allow the user to enter a state's name and display (to the screen) the total count of colleges in that state

If you use the Node and Linked List class definitions from the zyBook, please make sure you cite this reference in your comments.(dont use if not needed but if you need to use this I will reference them myself)

college.csv file sample