Assume you are an attorney and you are asked to prepare a Will by an individual you suspect maybe suffering from some form of dementia. What is a will? What are the requirements for a valid will? Describe how you should approach the situation. Be sure to describe the pro's and con's to your approach and to defend your position with citations.
In the work by K. Sneddon found in the required resources, there is a discussion about gender and the language of wills. What does the author say about the issue and why or why not is this important? Defend your position.
In: Operations Management
2B- From Theory and Practice in Policy Analysis, Chapter 8 : What are the differences between risk, variability, and uncertainty? What do you think of the distinctions the author makes between different types of uncertainty - are they useful categories? What problems have you encountered where a proper treatment of uncertainty was important (and maybe was lacking)? What do you think about the methods of integrating uncertainty described here? Are they practical and useful? Do you the author's suggestions at the end to be useful?
In: Operations Management
Discuss how class is represented in "Barn Burning," "Rectatif," and "The Displaced Person." You must have at least two quotes from each story. You need to have at least two quotes from the "Intersection" article. You will have a works cited page as well.
Barn Burning by Williams Faulkner
Rectatif by Toni Morrison
The Displaced Person by Flannery O'Connor
Intersection by Debra Henderson and Tickamyers
Do I need to post the articles. I listed the title of the article and the author.
In: Psychology
On January 1, 2015, Toby Manufacturing Company began construction of a building to be used as its second office. The building is completed on August 31, 2016. Expenditures on the project were as follows:
January 3, 2015 $900,000
March 1, 2015 600,000
June 30, 2015 700,000
November 1, 2015 600,000
January 31, 2016 800,000
April 30, 2016 900,000
August 31, 2016 675,000
In order to finance the project, the company obtained a $2 million loan with a 10% interest on January 1, 2015. The principal of the loan will be paid off at the end of 2016. The company’s other interest-bearing debt includes two long-term notes of $5,000,000 and $7,000,000 with interest rates of 6% and 9%, respectively. Both notes are outstanding during all of 2015 and 2015. The company’s fiscal year-end is December 31.
Required: 1. Calculate the amount of interest that Toby should capitalize in 2015 and 2016 using the specific interest method. 2. Calculate interest expense that will appear in the 2015 and 2016 income statements. 3. What is the total cost of the building?
In: Accounting
Actuary and trustee reports indicate the following changes in the PBO and plan assets of White Inc. during 2016:
| Prior service cost at January 1, 206 from plan amendment at the beginning of 2013 [Amortization: $4,000 per year] | $68,000 |
| Net Gain - AOCI at January 1, 2016 | $40,000 |
| Average remaining service life of the active employee group | 15 years |
| Actuary's discount rate | 5% |
| Gain - from changes in actuarial assumptions | $5,000 |
| 2016 Pension Expense | $33,500 |
| PBO | Plan Assets | ||
| Beginning of 2016 | $240,000 | Beginning of 2016 | $250,000 |
| Service cost | $41,000 | Return on plan assets, 8%, [ 9% expected] | $20,000 |
| Cash contributions | $35,000 |
Required:
A. Prepare the appropriate journal entries to record the expense and the cash contribution to plan assets.
B. Prepare the appropriate journal entries to record any 2016 gains and losses.
C. Where would you find the pension on White Inc.'s balance sheet at the beginning of 2016? What amount would you look for?
In: Accounting
You are considering an investment in the common stock of Wal-Mart. The following information is from the consolidated statements of income of Wal-Mart Stores, Inc. and Subsidiaries for the years ended January 31, 2016 and 2015 and the consolidated statements of operations for its competitor Target Corporation for the years ended January 30, 2016, and January 31, 2015 (included in the companies’ Form 10-Ks, amounts in millions of dollars):
| Wal-Mart | Target | |||
|---|---|---|---|---|
| (in millions) | Year Ended January 31, 2016 |
Year Ended January 31, 2015 |
Year Ended January 30, 2016 |
Year Ended January 31, 2015 |
| Sales* | $478,614 | $482,229 | $73,785 | $72,618 |
| Cost of sales | 360,984 | 365,086 | 51,997 | 51,278 |
*Described as net sales by Wal-Mart.
Required:
1. Calculate the gross profit ratios for Wal-Mart and Target for 2016 and 2015. Enter the amounts as a percent, rounded to one decimal place.
| Wal-Mart's 2016 gross profit ratio: | % |
| Wal-Mart's 2015 gross profit ratio: | % |
| Target's 2016 gross profit ratio: | % |
| Target's 2015 gross profit ratio: | % |
In: Finance
PLEASE ANSWER THE LAST QUESTIONS (as many as you can starting with the last question)
On January 1, 2016, the following information was drawn from the accounting records of Carter Company: cash of $400; land of $2,400; notes payable of $700; and common stock of $1,540. Required a. Determine the amount of retained earnings as of January 1, 2016.
g. During 2016, Carter Company earned cash revenue of $660, paid cash expenses of $380, and paid a cash dividend of $58. (Hint: It is helpful to record these events under an accounting equation before preparing the statements.) (Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Account Titles for Retained Earnings".)
g-2. Prepare a statement of changes in stockholders’ equity dated December 31, 2016.
g-3. Prepare a balance sheet dated December 31, 2016. g-4.
Prepare a statement of cash flows dated December 31, 2016. (Amounts to be deducted should be indicated with a minus sign.)
j. What is the balance in the Revenue account on January 1, 2016?
In: Accounting
The inventory records of Frost Company for the years 2016 and 2017 reveal the cost and market of the January 1, 2016, inventory to be $125,000. On December 31, 2016, the cost of inventory was $130,000, while the market value was only $128,000. The December 31, 2017, market value of inventory was $140,000, and the cost was only $135,000. Frost uses a perpetual inventory system.
Assume Frost uses the allowance method and a perpetual inventory system.
Prepare the necessary journal entries to record:
|
Assume Frost uses the direct method and a perpetual inventory system.
Prepare the necessary journal entries to record:
|
In: Accounting
On December 31, 2016, Robey Company accumulated the following information for 2016 in regard to its defined benefit pension plan: Service cost $95,020 Interest cost on projected benefit obligation 11,110 Expected return on plan assets 10,770 Amortization of prior service cost 2,120 On its December 31, 2015, balance sheet, Robey had reported an accrued/prepaid pension cost liability of $13,850. Required: 1. Compute the amount of Robey’s pension expense for 2016. 2. Prepare all the journal entries related to Robey’s pension plan for 2016 if it funds the pension plan in the amount of (a) $97,480, (b) $96,580, and (c) $101,210. 3. Next Level Assuming Robey’s beginning 2016 Accumulated Other Comprehensive Income: Prior Service Cost balance was $65,150 what would be its ending balance? 4. Next Level How much would Robey need to fund its pension plan for 2016 in order to report an accrued/ prepaid pension cost asset of $5,020 at the end of 2016?
In: Accounting
Please do chi-square analysis of the following:
| Experiment 1: without heat lamp | Experiment 2: with heat lamp | ||||||||||
| Soil | Leaves | Rock | Other | Soil | Leaves | Rock | Other | ||||
| Expected | 5 | 5 | 5 | 0 | Expected | 5 | 5 | 5 | 0 | ||
| Observed | 10 | 3 | 2 | 0 | Observed | 1 | 5 | 9 | 0 | ||
In: Statistics and Probability