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. |
In: Accounting
In: Finance
I was walking my dog Baroness in the park yesterday. She’s really sweet and I wanted to get a picture of her – a really detailed picture of her – so I set the shutter speed to 1/250th of a second. I noticed that an f/stop setting of 2.8 gave me a really nice picture of her - that is to say, the exposure (the amount of light) was really good. BUT I noticed that the tree behind her and the pond weren’t in focus and I really wanted to see all of it. So I decided change the settings so that Bear and the scenery were in focus. What settings should I change on my camera?
-. And in what direction?
. Later we were tossing football in a big grassy area. She’s a great receiver – Air Bud has nothing on her. I told her to “go long” up the sideline and she took off running. I was thinking about how to get a good picture of her when she was moving so fast. As she ran back past me I set my shutter speed to 1/1000th of a second in order to get a good shot of her. What should I set my f/stop setting to in order to have the same total exposure? (original settings are in bold)
f-stop 1, 1.4, 2, 2.8, 4, 5.6, 8, 11, 16, 22, 32
shutter 1/15, 1/30, 1/60, 1/125, 1/250, 1/500, 1/1000
In: Physics
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.
In: Accounting
At a company picnic held at an out-of-town park, a co-worker’s child falls off the monkey bars. Based on the bruising and slight change in shape of her forearm, you suspect a fracture. The parents give permission for you to give first aid care, but they insist on transporting her to advanced care themselves. You search for materials in your environment to use for splinting her injury.
What material could you use to splint the child's arm?
What parts of the arm must be immobilized?
Describe how you would apply the splint.
In: Nursing
Alex is driving down Park Avenue on her way to meet friends for dinner. She receives a text message, with a change in the evening’s plans from a sushi bar to a pizza place. Upset about the switch from sushi to pizza, Alex focuses on her phone, taking her hands off the wheel and her eyes off the road as she explores alternative restaurant menus in the group text. Alex’s car slams into Robert’s car in front of her, causing Robert’s car to veer off the road into the center median. Robert’s head hits the windshield and he sustains a concussion. Robert’s car hits a trash can. The force of the impact causes the trash can to shatter, sending the trash can fragments flying. Lily, window shopping a quarter of a mile away, is hit by the flying debris and falls, breaking her arm on the icy sidewalk. Robert sues Alex, and Lily also sues Alex. Judgment for whom in each case?
In: Accounting
The community park has a small lake where visitors can rent paddle boats at $1 for 15 minutes, up to 2 hours. After 2 hours, the rate increases to $3 for 30 minutes.
Problem Write the piecewise function to model this situation and graph the function.
1. What is the rental charge at 15 minutes? At 16 minutes? At 45 minutes?
2. If you had only $15, how long could you rent a boat?
3. How are the two lines in the graph the same, and how are they different?
4. How would the graph change if the rate change occurred at ? = 1 hour?
5. How would the graph change if the fee were $2 for 15 minutes?
6. What is the rental fee at 3 hours?
In: Advanced Math
SoakNSun Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. SoakNSun has the following ticket prices and variable costs for 2018:
|
Individual |
Family |
|
|
Sale price per ticket |
$25 |
$75 |
|
Variable cost per ticket |
15 |
60 |
SoakNSun expects to sell one individual ticket for every three family tickets. SoakNSun's total fixed costs are $61,875.
Requirement 1. Compute the weighted-average contribution margin per ticket.
Complete the table below to calculate the weighted-average contribution margin. (Round the weighted-average contribution margin per unit to the nearest cent.)
|
Individual |
Family |
Total |
||
|
- |
||||
|
x |
|
|||
|
Contribution margin |
||||
|
Weighted-average contribution margin per unit |
||||
Requirement 2. Calculate the total number of tickets SoakNSun must sell to break even.Start by selecting the formula and entering the amounts to calculate the total number of tickets SoakNSun must sell to break even. (Abbreviations used: Weighted avg. CM = weighted-average contribution margin. Complete all answer boxes. For items with a zero value, enter "0".)
|
( |
+ |
|
) / |
|
= |
Required sales in units |
||
|
( |
+ |
|
) / |
= |
|
Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even.
|
|
x |
= |
Breakeven sales of tickets |
||
|
Individual |
x |
= |
|||
|
Family |
x |
= |
|
In: Accounting
Date Expense: 43,96, 70, 92, 87, 92, 70, 89, 65, 67, 43, 61, 57, 61, 75, 46, 83, 27, 81, 22, 127, 94, 86, 69, 102, 96, 59, 98, 72, 115, 117, 67, 55, 73, 84, 64, 62, 45, 51, 84, 74, 60, 82, 69, 41, 81, 62, 83, 120, 72, 97, 66
In: Statistics and Probability
A theme park owner records the number of times the same kids from two separate age groups ride the newest attraction.
| Age 13–16 | Time | Age 17–21 | Time |
|---|---|---|---|
| 1 | 11 | 1 | 5 |
| 2 | 8 | 2 | 3 |
| 3 | 3 | 3 | 7 |
| 4 | 1 | 4 | 4 |
| 5 | 9 | 5 | 9 |
| 6 | 2 | 6 | 1 |
| 7 | 7 | 7 | 3 |
| 8 | 8 | 8 | 5 |
| 9 | 6 | 9 | 5 |
| 10 | 6 | 10 | 1 |
Using the computational formula, what is the SS, sample variance, and standard deviation for the age group of 13–16? (Round your answers for variance and standard deviation to two decimal places.)
SS sample variance standard deviation
In: Math