What are some reasons for various errors in the open channel flow experiment(fluid mechanics)?

Man’s inhumanity to man is well-documented. Did Milgram’s experiment explain this human behavior?

3. Georgia, Inc. bought 30% of Carolina Company on January 1, 2016 for $225,000. The equity method was used. No amortization was required. In 2016, Carolina shipped to Georgia merchandise with a cost of $12,000 and a selling price of $15,600. One-third of the merchandise remained in Georgia’s inventory at year-end and was sold in 2017. In 2017, Carolina received merchandise from Georgia, who recorded a gross profit of $18,000 on the sale. One-fourth of the merchandise remained in ending inventory. Carolina reported net income of $50,000 in 2016 and $62,000 in 2017. Dividends of $8,000 were paid to Georgia each year. Required: Prepare all equity method entries for 2016 and 2017

In​ 2016, the Allen Corporation had sales of $ 62 ​million, total assets of $ 45 ​million, and total liabilities of $ 25 million. The interest rate on the​ company's debt is 5.6 ​percent, and its tax rate is 35 percent. The operating profit margin is 14 percent.

a. Compute the​ firm's 2016 net operating income and net income.

The​ firm's 2016 net operating income is ​$___ million. ​ (Round to two decimal​ places.)

The​ firm's 2016 net income is ​$ ___ million.  ​(Round to two decimal​ places.)

b. Calculate the​ firm's operating return on assets and return on equity.

The operating return on assets is ____%. ​ (Round to two decimal​ places.)

The return on equity is ____​%. ​(Round to two decimal​ places.)

Kapitol Services Corp estimates that its 2017 taxable income will be $500,000. Thus it is subject to a flat 34% income tax rate and incurs a $170,000 liability. For each of the following independent situations, compute Kapitol’s 2017 minimu quarterly estimated tax payments that will avoid an underpayment penalty.

a. For 2016, taxable income was ($200,000). Kapitol carried back all of this loss to prior years and exhausted the entire NOL in creating a $0 2016 liability.

b. For 2016, taxable income was $450,000, and tax liability was $153,000.

c. For 2015, taxable income was $2 million, and tax liability was $680,000. For 2016, taxable income was $400,000 and tax liability was $136,000.

On October 1, 2016, Ball Company issued 10% bonds dated October 1, 2016, with a face amount of $350,000. The bonds mature in 8 years. Interest is paid semiannually on March 31 and September 30. The proceeds from the bond issuance were $355,751.07 to yield 9.70%. Ball Company has a December 31 fiscal year-end and does not use reversing entries.

Required:

Common-size and trend percentages for a company’s net sales, cost of goods sold, and expenses follow:

Required:
a. Calculate the profit percentage for 2015, 2016 and 2017. (Round the final answers to 2 decimal places.)   

b. Determine whether the company’s profit increased, decreased, or remained unchanged during this three-year period.    

On April 2, 2016, Montana Mining Co. pays $3,059,900 for an ore deposit containing 1,455,000 tons. The company installs machinery in the mine costing $228,000, with an estimated seven-year life and no salvage value. The machinery will be abandoned when the ore is completely mined. Montana begins mining on May 1, 2016, and mines and sells 180,000 tons of ore during the remaining eight months of 2016.

Prepare the December 31, 2016, entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine’s depletion. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)

In Febuary of 2016, Jane is trying to decide if she should purchase a new vehicle for her business, ABC, Inc.Assume that she will purchase the vehicle in April, 2016 and also assume that no other assets will be purchased in 2016.

If Jane purchases a new BMW for $100,000, what is the maximum amount that Jame may deduct in 2016? Carol plans to drive the BMW 82% of the time for business. Jane elects to take the additional first-year depreciation.

If Jane purchases a Outback (an SUV with GVRW > 6,000) in March, 2017, for $67,000, what is the maximum amount that Jane may deduct in 2017? Jane plans to drive the Explorer 100% of the time for business. Assume that no other assets will be purchased in 2017.

On October 1, 2016, Ball Company issued 6% bonds dated October 1, 2016, with a face amount of $210,000. The bonds mature in 9 years. Interest is paid semiannually on March 31 and September 30. The proceeds from the bond issuance were $218,888.62 to yield 5.40%. Ball Company has a December 31 fiscal year-end and does not use reversing entries.

Required: