The President P has been accused of colluding with Russian intelligence to tilt the election in his favor. Let g denote “how guilty” the President is of these charges. Assume g is either 1, 2, or 3, where 3 means “guilty as sin” and 1 means “not at all guilty.” Assume that g is chosen by nature and a voter V believes each value is equally likely (voters are pretty skeptical of politicians these days). A special counsel S has been appointed to investigate the accusation. If S is allowed to complete her work, she will learn the value of g and report it to the voter V . However, P might fire S before she is allowed to complete her work, in which case S cannot report anything to V . Assume that nature draws g, shows it to P, and then P decides whether to fire Ior not. If so, the “game” ends; if not, S reports g to V , and the game ends. Assume P ’s utility is ?1 times V ’s expectation of g at the end of the game (i.e., P is better off, the lower is the voter’s assessment of his guilt).
(c) Suppose all types except g = 1 fire S. What does V think is the expected value of g, given that S is fired? Is type g = 2 happy with that?
(d) Is it a perfect Bayesian equilibrium for all types to fire S? For type g = 1 not to fire S, and for the other types to fire S?
(e) Assuming P is rational, what should V conclude about g, if S is fired?
In: Statistics and Probability
At December 31, 2015, certain accounts included in the property, plant, and equipment section of Kevin Company’s balance sheet had the following balances:
Land ........................................................................... $200,000
Buildings ........................................................................... $900,000
Leasehold improvements..................................................... $600,000
Machinery and equipment.................................................. $700,000
During 2016, the following transactions occurred:
Land site number 621 was acquired for $1,000,000. Additionally, to acquire the land, Kevin paid a $60,000 commission to a real estate agent. Costs of $15,000 were incurred to clear the land. During the course of clearing the land, timber and gravel were recovered and sold for $5,000.
A second tract of land (site number 622) with a building was acquired for $300,000. The closing statement indicated that the land value was $200,000 and the building value was $100,000. Shortly after acquisition, the building was demolished at a cost of $30,000. A new building was constructed for $150,000 plus the following costs:
Excavation fees...................................................................... $11,000
Architectural design fees......................................................... $8,000
Building permit fee................................................................... $1,000
The building was completed and occupied on September 29, 2016.
A third tract of land (site number 623) was acquired for $600,000 and was put on the market for resale.
Extensive work was done to a building occupied by Kevin under a lease agreement that expires on December 31, 2025. The total cost of the work was $125,000, which consisted of the following:
Painting of ceilings............................................................................. $10,000 (estimated useful life is 1 year)
Electrical work.................................................................................... $35,000 (estimated useful life is 10 years)
Construction of extension to current working area ..................... $80,000 (estimated useful life is 30 years) $125,000
The lessor, Steinbeck Company, paid one-half of the costs incurred in connection with the extension to the current working area.
During December 2016, costs of $65,000 were incurred to improve leased office space. The related lease will terminate on December 31, 2018, and is not expected to be renewed.
A group of new machines was purchased under a royalty agreement that provides for payment of royalties based on units of production for the machines. The invoice price of the machines was $75,000, freight costs were $2,000, unloading charges were $1,500, and royalty payments for 2016 were $13,000.
Required:
Prepare a detailed analysis of the changes in the balance sheet accounts – Land, Buildings, Leasehold Improvements, and Machinery and Equipment – for 2016. Disregard the related accumulated depreciation accounts.
| KEVIN COMPANY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Analysis of Land Account | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| For 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at January 1, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Land site number 621: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total land site number 621 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Land site number 622: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total land site number 622 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at December 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| KEVIN COMPANY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Analysis of Leasehold Improvements Account | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| For 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at January 1, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at December 31, 2016 | $740,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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Please help. Thank you. I included the templates.
In: Finance
Kevin Rocks is a wholesale distributor of automotive replacement parts. Initial amounts taken from Kevin Rocks’ accounting records are as follows:
|
Inventory on December 31, 2016 (based on physical count of goods in Kevin Rocks warehouse on December 31, 2016) |
$ 1,150,000 |
|
Sales in 2016 |
$ 9,000,000 |
Accounts Payable at December 31, 2016
|
Vendor |
Terms |
Amount |
|
Baker Company |
2% 10 days, net 10 |
$ 265,000 |
|
Dolly Company |
Net 30 |
$210,000 |
|
Eager Company |
Net 30 |
$300,000 |
|
Full Company |
Net 30 |
$225,000 |
|
Greg Company |
Net 30 |
|
|
$1,000,000 |
Additional information is as follows:
1) Parts held on consignment from Charlie to Kevin Rocks, the consignee, amounting to $155,000 were included in the physical count of goods in Kevin Rocks’ warehouse on December 31, 2016, and in accounts payable at December 31, 2016.
2) $22,000 of parts which were purchased from Full were paid for in December 2016, were sold in the last week of 2016 and appropriately recorded as sales of $28,000. The parts were included in the physical count of goods in Kevin Rocks’ warehouse on December 31, 2016, because the parts were on the loading dock waiting to be picked up by customers.
3) Parts in transit to customers on December 31, 2016, shipped FOB shipping point on December 28, 2016, amounted to $34,000. The customers received the parts on January 7, 2017. Sales of $40,000 to the customers for the parts were recorded by Kevin Rocks on January 3, 2017.
4) Retailers were holding $210,000 at cost ($250,000 at retail) of goods on consignment from Kevin Rocks at their stores on December 31, 2016.
5) Goods were in transit from Greg to Kevin Rocks on December 31, 2016. The cost of goods was $25,000 and they were shipped FOB shipping point on December 29, 2016.
6) A quarterly freight bill in the amount of $2,000 specifically relating to merchandise purchases in December 2016, all of which was still in the inventory at December 31, 2016, was received on January 4, 2017. The freight bill was not included in either the inventory or in accounts payable at December 31, 2016.
7) All of the purchases from Baker occurred during the last 7 days of the year. These items have been recorded in accounts payable and accounted for in the physical inventory at cost before discount. Kevin Rocks’ policy is to pay invoices in time to take advantage of all cash discounts, adjust inventory accordingly, and record accounts payable, net of cash discounts.
Required:
Prepare a schedule of adjustments to the initial amounts of inventory, accounts payable, and sales. Show the effect, if any, of each of the transactions separately and indicate if the transactions would have no effect on the amounts.
| Inventory | Accounts Payable | Sales | ||
| Initial Amounts | $ 1,150,000 | $ 1,000,000 | $ 9,000,000 | |
| Adjustments | ||||
| Increase (decrease) | ||||
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| 5 | ||||
| 6 | ||||
| 7 | ||||
| Total Adjustments | $ - | $ - | $ - | |
| Adjusted amounts | $ 1,150,000 | $ 1,000,000 | $ 9,000,000 | |
|
I need help.I included the template needed for the assignement. Thank you. (Edited) |
||||
In: Accounting
Below is a proof of Theorem 4.1.1 (b): For the zero vector ⃗0 in any vector space V and k ∈ R, k⃗0 = ⃗0.
Justify for each of the eight steps why it is true.
k⃗0+k⃗0=k(⃗0+⃗0)
= k ⃗0
k⃗0 is in V
and therefore −(k⃗0) is in V .
It follows that (k⃗0 + k⃗0) + (−k⃗0) = (k⃗0) + (−k⃗0)
and thus k⃗0 + (k⃗0 + (−k⃗0)) = (k⃗0) + (−k⃗0).
We conclude that k⃗0 + ⃗0 = ⃗0
and so k⃗0 = ⃗0, as desired.
In: Advanced Math
Consider the following half reactions at 298 K
Fe2+ + 2 e- →
Fe Eo = -0.441 V
Cd2+ + 2 e- →
Cd Eo = -0.403 V
A galvanice cell based on these half reactions is set up under standard conditions where each solution is 1.00 L and each electrode weighs exactly 100.0 g. How much will the Cd electrode weigh when the nonstandard potential of the cell is 0.02880 V?
The answer is 139g.
In: Chemistry
Separation of Variables:
Let v(t) be the velocity, in knots per hour, of a vessel at time
t, t = 0. After the second engine is turned on, its velocity
satisfies the differential equation ??/??=3?+22, with initial
condition v (0) = 2.
First use separation of variables to find an expression for v in
terms of t. Secondly, f the vessel cruising speed is 25 knots per
hour, how long will the vessel take to reach this speed?
In: Math
A copper, Cu(s), electrode is immersed in a solution that is
1.00 M in ammonia, NH3, and 1.00 M in tetraamminecopper(II),
[Cu(NH3)4]^{2+}. If a standard hydrogen electrode is used as the
cathode, the cell potential, Ecell, is found to be 0.075 V at 298
K.
Half reaction of Cu = .337 V
Half reaction of H = .000 V
Based on the cell potential, what is the concentration of Cu^{2+}
in this solution?
[Cu2+]____ with units
PLEASE HELP ME!!
In: Chemistry
Using the following reduction potentials:
I2(s) + 2e- <---> 2I-(aq) E0 = 0.535 V
I2 (aq) +2e- <---> 2I-(aq) E0 = 0.620 V
I3-(aq) + 2e- <---> 3I-(aq) E0 = 0.535 V
a) Calculate the equilibrium constant for I2(aq) + I-(aq) <---> I3-(aq)
b) Calculate the equilibrium constant for I2(s) + I-(aq) <---> I3-(aq)
c) Calculate the solubility (g/L) of I2(s) in water.
In: Chemistry
A voltaic cell utilizes the following reaction and operates at 298 K. 3 Ce4+(aq) + Cr(s) 3 Ce3+(aq) + Cr3+(aq)
(a) What is the emf of this cell under standard conditions? V
(b) What is the emf of this cell when [Ce4+] = 2.0 M, [Ce3+] = 0.014 M, and [Cr3+] = 0.011 M? V
(c) What is the emf of the cell when [Ce4+] = 0.56 M, [Ce3+] = 0.82 M, and [Cr3+] = 1.3 M? V
In: Chemistry
In: Accounting