Exercise 18-13

The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below.

Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $310. Assets on December 31, 2018, were $1,900. Equity on December 31, 2018, was $870.

Bridgeport Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2020:

Additional information:

Prepare a statement of cash flows FOR YEAR END DECEMBER 31,2020 using the INDIRECT method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Martinez Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2020:

Additional information:

Prepare a statement of cash flows using the DIRECT method. (Show amounts that decrease cash flow with either a - sign e.g. -10,000 or in parenthesis e.g. (10,000).)

Culver Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2020:

CULVER INC.
Comparative Statement of Financial Position
December 31
2020      2019
Cash     $47,775         $25,090     
Accounts receivable   57,930         51,030     
Inventory      39,990         60,070     
Prepaid rent      5,210         4,100     
Equipment      161,990         130,120     
Accumulated depreciation–equipment      (35,210   )      (25,100   )
Goodwill      28,000         68,000     
    Total assets      $305,685         $313,310     
                        
Accounts payable      $46,190         $40,120     
Income tax payable      3,990         6,070     
Salaries and wages payable      8,090         4,090     
Short–term loans payable      7,930         10,030     
Long–term loans payable      68,000         87,000     
Common shares      130,000         130,000     
Retained earnings      41,485         36,000     
    Total liabilities and shareholders’ equity      $305,685         313,310     

CULVER INC.
Income Statement
Year Ending December 31, 2020
Sales revenue               $348,490
Cost of goods sold               165,000
Gross margin               183,490
Operating expenses               120,000
Operating income               63,490
Interest expense      $12,100           
Impairment loss–goodwill      40,000           
Gain on disposal of equipment      (2,400   )      49,700
Income before income tax               13,790
Income tax expense               4,105
Net income               $9,685

Additional information:

1.      Dividends on common shares in the amount of $4,200 were declared and paid during 2020.
2.      Depreciation expense is included in operating expenses, as is salaries and wages expense of $70,000.
3.      Equipment with a cost of $36,000 that was 70% depreciated was sold during 2020.

Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -10,000 or in parenthesis e.g. (10,000).)

JAVA

Please put detailed comments as well explaining your program.

I'm in a beginning programming class, and so please use more basic techniques such as if else statements, switch operators, and for loops if needed.

http://imgur.com/a/xx9Yc

Pseudocode for the main method:

Print the headings

            Print the directions

            Prompt for the month

            If the month is an integer       (Hint: Use the Scanner class hasNextInt method.)

                        Input the integer for the month

                        Get the string for the month (Use your method)

            Otherwise

                        Input the string for the month

                        Get the integer for the month (Use your method)

            Prompt for the day

            Input the day

            Prompt for the year

            Input the year

            Get the holiday

            Print the output

THE PROBLEM:

You must use switch statements for some part of the homework.

Write a program that inputs a month, day, and year from the user and outputs the corresponding date in the following two standard date formats:

6/12/2005      June 12, 2005

Also your program must print the name of any holiday associated with the date.

For example:

             3/17/2010        March 17, 2010           St. Patrick’s Day

Your program should ask the user how many times the user wants to run the code and then you need to use a for loop to repeat the run that many times.

REQUIREMENTS:

You must use good programming style.

The user can enter the month either as a numeric value or a String. i.e. the user could enter a 5 or May.

You may assume the data that the user enters is valid data.

Your program must print a report similar to that shown in the sample output on the last page of this handout.

You must solve this problem by implementing and using the following methods:

printDirections

void method that prints a message to the user that explains what the program will do and how the month data can be entered. (See the sample output above.)

getMonthString

method that has 1 parameter, the month as an integer (1..12).

This method returns the corresponding name of the month as a String.

getMonthNumber

method that has 1 parameter, the name of the month in a String.

This method returns the corresponding integer value for that month name.

HINT: Before you read the data for the month, use the Scanner class hasNextInt method to determine what kind of data the user entered for the month. Using hasNextInt you can determine if the user is entering an integer for the month or not.

            getHoliday

                        This method has 2 int type parameters for month and day.

                        The method returns a String that is the name of a holiday that is associated with the date represented by the parameters. If there is no holiday associated with that date, then the method returns an empty String (“”).

                        Use nested switch statements to implement this method. Use one switch statement for the months. Inside the case for each month, use a switch statement that has a case for each day in that month that is a holiday. Inside each of those day cases, set the holiday string to the name of the holiday.

NOTE: You can also include holidays for your birthday, anniversary, or whatever …

isEaster

                        This method has 3 int type parameters for month, day and year.

This method returns true if the date represented by the 3 parameters is Easter, otherwise it returns false.

To implement this method:   use the following formula to figure out the month and the day of easter for the given year.

goldenNumber = (year % 19) + 1;

a = (24 + 19*(goldenNumber - 1)) % 30;   b = a - a/28;

c = (year + year/4 + b - 13) % 7;   d = b - c;

easterMonth = 3 + (d + 40)/44;

easterDay = d + 28 - 31*(easterMonth/4);

To use this method, you will have to add a third parameter to the getHoliday method for the year, and then inside the getHoliday method, after the switch statements, call this method.

NOTE: If the holiday string is already longer than 0, this day is already associated with another holiday,

(For example, maybe “Grandma’s Birthday”, then getHoliday should return “Easter and Grandma’s Birthday”.

To test the isEaster method, make April 4 “Grandma’s Birthday” and test this method using 4/4/2010. Also test it for Easter in a year where Easter is not on April 4.

Here is a list of holidays that your need needs to generate the appropriate output:

1/1 "New Year's Day";                            

1/18 "Martin Luther King Jr. Day";                            

2/2 "Ground Hog Day";

2/12 "Abraham Lincoln's Birthday";

2/14 "St. Valeninte's Day";

2/22 "George Washington's Birthday";

3/17 "St. Patrick's Day";   4/1 "April Fool's Day";

4/4 "Grandma's Birthday";

4/22 "Earth Day";

4/30 "Arbor Day";

5/1 "May Day";

5/5 "Cinco de Mayo";

7/4 "Independence Day";

8/1 "International Friendship Day";

10/1 "Columbus Day";

10/31 "Halloween";                         

11/11 "Vereran's Day";

12/25 "Christmas";

12/31 "New Year's Eve";                              

?? "Easter";

Sample outputs  

Pseudocode for the main method:

            Print the headings

            Print the directions

            Prompt for the month

            If the month is an integer       (Hint: Use the Scanner class hasNextInt method.)

                        Input the integer for the month

                        Get the string for the month (Use your method)

            Otherwise

                        Input the string for the month

                        Get the integer for the month (Use your method)

            Prompt for the day

            Input the day

            Prompt for the year

            Input the year

            Get the holiday

            Print the output

Calculate the pH of 1.00 L of the buffer 1.06 M CH₃COONa/1.09 M CH₃COOH before and after the addition of the following species. (Assume there is no change in volume.)

(a) pH of starting buffer:



(b) pH after addition of 0.060 mol NaOH:



(c) pH after further addition of 0.109 mol HCl:

Consider a titration of 0.15M NaOH and 250 mL of 0.10M HBr.

1. What is the pH of the HBr solution before any base is added?
2. What is the pH after 50 mL NaOH is added?
3. What is the pH after 125 mL NaOH is added?
4. What is the pH after 150 mL NaOH is added?

The profit before tax, as reported in the statement of profit and loss for Aileen Ltd for the year ended 30 June 2020, amounted to $150,000, including the following revenue and expense items:

Revenues

Sales revenue $600,000

Interest revenue 60,000

Government grant 40,000

Expenses

Cost of goods sold 300,000

Bad debts expense 8,000

Depreciation expense – equipment 6,000

Depreciation expense – plant 25,000

Research and development expense 51,000

Wages expense 120,000

Long service leave expense 40,000

The draft statement of financial position of Aileen Ltd at 30 June 2020 and the statement from last year showed the following assets and liabilities:

2019 2020

Assets

Cash $30,000 $30,000

Inventory 100,000 150,000

Accounts receivable 50,000 70,000

Allowance for doubtful debts (5,000) (10,000)

Interest receivable 25,000 20,000

Equipment—cost 30,000 30,000

Accumulated depreciation-equipment (12,000) (18,000)

Plant—cost 500,000 500,000

Accumulated depreciation-plant (50,000) (75,000)

Goodwill 15,000 15,000

Deferred tax asset 33,000, ?

Liabilities

Accounts payable 60,000 40,000

Wages payable 50,000 80,000

Revenue received in advance - , 40,000

Loan payable 200,000 100,000

Provision for long-service leave 40,000 30,000

Deferred tax liability 18,730, ?

Additional information:

In the year ended 30 June 2019, Aileen Ltd had a tax loss of $70,000 that it carried over in the deferred tax asset. In June 2020, the company received an amended assessment for the year ended 30 June 2020 from the ATO, indicating that an amount of $10,000 claimed as a deduction has been disallowed. Aileen Ltd has not yet adjusted its accounts to reflect the amendment. The remaining losses can be used to offset taxable incomes in future periods.

Amounts received from sales, including those on credit terms, are taxed at the time the sale is made. All other general taxation rules apply.

The depreciation regimes for the financial reports and the company income tax return respectively, are listed below.

Depreciation Regimes Equipment Plant Depreciation rate:

All research and development expenses were paid in cash during the year ended 30 June 2020. A tax deduction for development costs of 120% of the $51,000 spent during the year is available

All movements of deferred tax accounts during the year are not yet recongised.

The company tax rate applicable is 30%.

REQUIRED: (a) Determine the taxable profit for the year ended 30 June 2020. Start from the accounting profit before tax and show the adjustments for differences between taxation and accounting rules.

(b) Complete the worksheet on the additional page provided to determine the movements in the deferred tax accounts for the year ended 30 June 2020.

(c) Prepare the journal entries to recognise the current tax liability and the final deferred tax adjustments for the year ended 30 June 2020 including the movement during the year due to carry-forward tax loss. Note Aileen Ltd does not set off the deferred tax accounts against each other.

As a freelance sports photographer, you have secured the right to photograph the 2020 Olympics platform diving competition from just before divers initiate their dives by using a video camera on the bottom of the pool directly below the edge of diving platform. The pool is 6.5 meters deep, and the platform itself is 10 meters above the surface of the water. Show how to locate the image of the diving platform using qualitatively accurate ray diagrams and quantitatively accurate equations, explaining your logic along the way.