On January 1, 2018, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2019.

Expenditures on the project were as follows:

On January 1, 2018, the company obtained a $4,600,000 construction loan with a 15% interest rate. The loan was outstanding all of 2018 and 2019. The company’s other interest-bearing debt included two long-term notes of $2,000,000 and $8,000,000 with interest rates of 8% and 12%, respectively. Both notes were outstanding during all of 2018 and 2019. Interest is paid annually on all debt. The company’s fiscal year-end is December 31.

Required:
1. Calculate the amount of interest that Mason should capitalize in 2018 and 2019 using the specific interest method.
2. What is the total cost of the building?
3. Calculate the amount of interest expense that will appear in the 2018 and 2019 income statements.

Calculate the amount of interest that Mason should capitalize in 2018 and 2019 using the specific interest method and interest expense that will appear in the 2018 and 2019 income statements. (Enter your answers in dollars.)

What is the total cost of the building? (Enter your answer in dollars.)

1. We discussed two price indexes, the Consumer Price Index (CPI) being an example of an index that has fixed quantity weights from the base period and the GDP Deflator being an example of an index that has current quantity weights. Suppose we have an economy in which there are only three goods produced and consumed: rice, electricity, and cellphones. The prices and quantities for the years 2018 and 2019 are given in the following table:

1. 1.1) Determine the equivalent of current dollar GDP for this economy in 2018 and in 2019. What was the percentage change in nominal GDP from 2018 to 2019?

1. 1.2) Determine the equivalent of the CPI (use 2018 as the base) for 2018 and for 2019 in this economy.

1. 1.3) Compute the equivalent of the GDP deflator (again use 2018 as the base) for 2018 and 2019 in this economy.

1. 1.4) Compute the rate of price increase from 2018 to 2019 using the two different price indexes.

1. 1.5) If 2018 is the base period determine the equivalent of 2019 GDP in constant 2018 dollars for this economy. What was the percentage change in real GDP from 2018 to 2019?

1. 1.6) Based on your answer to Question 1.5, what do you think is likely to have happened to unemployment rates between 2018 and 2019? How does this relate to your result in Question 1.1?

The question has all the given information.

On January 1, 2018, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2019.

Expenditures on the project were as follows:

On January 1, 2018, the company obtained a $3,800,000 construction loan with a 15% interest rate. The loan was outstanding all of 2018 and 2019. The company’s other interest-bearing debt included two long-term notes of $4,000,000 and $6,000,000 with interest rates of 8% and 10%, respectively. Both notes were outstanding during all of 2018 and 2019. Interest is paid annually on all debt. The company’s fiscal year-end is December 31.

Required:
1. Calculate the amount of interest that Mason should capitalize in 2018 and 2019 using the specific interest method.
2. What is the total cost of the building?
3. Calculate the amount of interest expense that will appear in the 2018 and 2019 income statements.

1 & 3. Calculate the amount of interest that Mason should capitalize in 2018 and 2019 using the specific interest method and interest expense that will appear in the 2018 and 2019 income statements. (Enter your answers in dollars.)

2. What is the total cost of the building? (Enter your answer in dollars.)

Exercise 12-25 (Algorithmic)
Fair Value and Equity Methods

Nadal Corporation purchased 8,800 common shares of Beck Inc., on January 1, 2018, for $107,000. During 2018, Beck declared and paid cash dividends to Nadal in the amount of $7,000. Nadal's share of Beck's net income for 2018 was $5,700. At December 31, 2018, the fair value of the 10,000 shares was $122,000. This is Nadal's only investment.

Required:

1. Assume that Beck has 66,000 common shares outstanding. What journal entries will Nadal make during 2018 relative to this investment?

2. Assume that Beck has 35,200 common shares outstanding. What journal entries will Nadal make during 2018 relative to this investment?

Could you write detailed calculation getting 2018 Dec 31 Investments-Equity Method and Investment Income-Equity Method

11.

Cendant Corporation's results for the year ended December 31, 2018, include the following material items:

Cendant Corporation's income from continuing operations before income taxes for 2018 is:

Multiple Choice

a. $956,600.

b. $898,000.

c. $960,000.

d. $407,000.

12.

Schneider Inc. had salaries payable of $61,000 and $90,600 at the end of 2017 and 2018, respectively. During 2018, Schneider recorded $620,300 in salaries expense in its income statement. Cash outflows for salaries in 2018 were:

Multiple Choice

a. $590,700.

b. $529,700.

c. $649,900.

d. $620,300.

13.

Howard Inc. had prepaid rent of $77,000 and $84,000 at the end of 2017 and 2018, respectively. During 2018, Howard recorded $242,000 in rent expense in its income statement. Cash outflows for rent in 2018 were:

Multiple Choice

a. $235,000.

b. $242,000.

c. $249,000.

d. $256,000.

14.

Martel Co. had supplies of $27,000 and $39,000 at the end of 2017 and 2018, respectively. During 2018, Howard paid $134,000 for supplies. Supplies expense in the 2018 income statement was:

Multiple Choice

a. $122,000.

b. $134,000.

c. $146,000.

d. $110,000.

15.

Stinley Co. paid utilities of $144,000 during 2018. At the end of 2018, utilities payable equals $40,000 and utilities expense equals $165,000. What was the balance of utilities payable at the beginning of 2018?

Multiple Choice

a. $42,000.

b. $19,000.

c. $40,000.

d. $21,000.

Problem 17-12 Determine pension expense; journal entries; two years [LO17-3, 17-4, 17-5, 17-6, 17-7, 17-8]

The Kollar Company has a defined benefit pension plan. Pension information concerning the fiscal years 2018 and 2019 are presented below ($ in millions):

Information Provided by Pension Plan Actuary:

1. Projected benefit obligation as of December 31, 2017 = $3,950.
2. Prior service cost from plan amendment on January 2, 2018 = $850 (straight-line amortization for 10-year average remaining service period).
3. Service cost for 2018 = $690.
4. Service cost for 2019 = $740.
5. Discount rate used by actuary on projected benefit obligation for 2018 and 2019 = 10%.
6. Payments to retirees in 2018 = $550.
7. Payments to retirees in 2019 = $620.
8. No changes in actuarial assumptions or estimates.
9. Net gain—AOCI on January 1, 2018 = $465.
10. Net gains and losses are amortized for 10 years in 2018 and 2019.

Information Provided by Pension Fund Trustee:

1. Plan asset balance at fair value on January 1, 2018 = $2,800.
2. 2018 contributions = $710.
3. 2019 contributions = $760.
4. Expected long-term rate of return on plan assets = 12%.
5. 2018 actual return on plan assets = $260.
6. 2019 actual return on plan assets = $310.

Required:

1. Calculate pension expense for 2018 and 2019.
2. Prepare the journal entries for 2018 and 2019 to record pension expense.
3. Prepare the journal entries for 2018 and 2019 to record any gains and losses and new prior service cost.
4. Prepare the journal entries for 2018 and 2019 to record the cash contribution to plan assets and benefit payments to retirees.

Problem 17-12 Determine pension expense; journal entries; two years [LO17-3, 17-4, 17-5, 17-6, 17-7, 17-8]

The Kollar Company has a defined benefit pension plan. Pension information concerning the fiscal years 2018 and 2019 are presented below ($ in millions):

Information Provided by Pension Plan Actuary:

Projected benefit obligation as of December 31, 2017 = $1,850.

Prior service cost from plan amendment on January 2, 2018 = $550 (straight-line amortization for 10-year average remaining service period).

Service cost for 2018 = $550.

Service cost for 2019 = $600.

Discount rate used by actuary on projected benefit obligation for 2018 and 2019 = 10%.

Payments to retirees in 2018 = $410.

Payments to retirees in 2019 = $480.

No changes in actuarial assumptions or estimates.

Net gain—AOCI on January 1, 2018 = $245.

Net gains and losses are amortized for 10 years in 2018 and 2019.

Information Provided by Pension Fund Trustee:

Plan asset balance at fair value on January 1, 2018 = $1,400.

2018 contributions = $570.

2019 contributions = $620.

Expected long-term rate of return on plan assets = 12%.

2018 actual return on plan assets = $120.

2019 actual return on plan assets = $170.

Required:

1. Calculate pension expense for 2018 and 2019.
2. Prepare the journal entries for 2018 and 2019 to record pension expense.
3. Prepare the journal entries for 2018 and 2019 to record any gains and losses and new prior service cost.
4. Prepare the journal entries for 2018 and 2019 to record the cash contribution to plan assets and benefit payments to retirees.

For the year ended December 31, 2018, Fidelity Engineering reported pretax accounting income of $980,000. Selected information for 2018 from Fidelity’s records follows: Interest income on municipal bonds $ 32,600 Depreciation claimed on the 2018 tax return in excess of depreciation on the income statement 55,900 Carrying amount of depreciable assets in excess of their tax basis at year-end 86,500 Warranty expense reported on the income statement 26,450 Actual warranty expenditures in 2018 16,300 Fidelity's income tax rate is 40%. At January 1, 2018, Fidelity's records indicated balances of zero and $12,240 in its deferred tax asset and deferred tax liability accounts, respectively. Required: 1. Determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry. 2. What is Fidelity’s 2018 net income?

For the year ended December 31, 2018, Fidelity Engineering reported pretax accounting income of $980,000. Selected information for 2018 from Fidelity’s records follows:

Fidelity's income tax rate is 40%. At January 1, 2018, Fidelity's records indicated balances of zero and $12,240 in its deferred tax asset and deferred tax liability accounts, respectively.

Required:
1. Determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry.
2. What is Fidelity’s 2018 net income?
  

Corsouth Mortgage Associates is a large home mortgage firm in the Southeast. It has a pool
of permanent and temporary computer operators who process mortgage accounts, including
posting payments and updating escrow accounts for insurance and taxes. A permanent operator
can process 220 accounts per day, and a temporary operator can process 140 accounts per day.
On average, the firm must process and update at least 6,300 accounts daily. The company has
32 computer workstations available. Permanent and temporary operators work 8 hours per day.A permanent operator averages about 0.4 error per day, whereas a temporary operator averages
0.9 error per day. The company wants to limit errors to 15 per day. A permanent operator is paid
$120 per day, whereas a temporary operator is paid $75 per day. Corsouth wants to determine the
number of permanent and temporary operators it needs to minimize cost. Formulate and solve
an integer programming model for this problem and compare this solution to the non-integer
solution.
In Problem 26, Corsouth Mortgage Associates is considering hiring some hourly, part-time computer
operators in addition to its permanent and temporary operators. A part-time operator can
process 12 accounts per hour, averages 0.16 error per hour, and is paid $4.50 per hour. Corsouth
wants to know the number of permanent and temporary employees it should use, plus the number
of part-time hours it should arrange for. Formulate and solve a mixed integer model for this
problem.

Hello, I need this question solved before 7 pm, it would be grateful if you give the solution to this question like other questions,

Java Question

I have a Queue containing String type taking in a text file with an iterator.

I need to use ArrayList and HashMap for freqHowMany to get a frequency table in descending order by the highest frequency words in the text. Any help would be much appreciated and thanks!

final Iterator input = new Scanner(System.in).useDelimiter("(?U)[^\\p{Alpha}0-9']+");
        final Queue queueFinal = new CircularFifoQueue<>(wordsLast);

        while (input.hasNext()) {
            final String queueWord = input.next();
            if (queueWord.length() > minimumLength) {
                queueFinal.add(queueWord); // the oldest item automatically gets evicted
            }

            System.out.println(queueFinal);
        }
    }
}

EXAMPLE:

Your program prints an updated word cloud for each sufficiently long word read from the standard input.

The program takes up to three positive command-line arguments:

• freqHowMany indicates the size of the word cloud, i.e., the number of words in descending order of frequency to be shown
• wordMinLength indicates the minimum length of a word to be considered; shorter words are ignored
• wordLastNwords indicates the size of a moving window of n most recent words of sufficient length for which to update the word cloud

Your program then reads a continuous stream of words, separated by whitespace or other non-word characters, from the standard input. (A word can have letters, numbers, or single quotes.) For each word read, your program prints to standard output, on a single line, a textual representation of the word cloud of the form

The idea is to connect this tool to a streaming data source, such as Twitter, or speech-to-text from a 24-hour news channel, and be able to tell from the word cloud in real time what the current "hot" topics are.

THANKS!