On November 1, 2017, Sandhill Company adopted a stock-option
plan that granted options to key executives to purchase 28,500
shares of the company’s $10 par value common stock. The options
were granted on January 2, 2018, and were exercisable 2 years after
the date of grant if the grantee was still an employee of the
company. The options expired 6 years from date of grant. The option
price was set at $30, and the fair value option-pricing model
determines the total compensation expense to be $427,500.
All of the options were exercised during the year 2020: 19,000 on
January 3 when the market price was $67, and 9,500 on May 1 when
the market price was $77 a share.
Prepare journal entries relating to the stock option plan for the
years 2018, 2019, and 2020. Assume that the employee performs
services equally in 2018 and 2019.
In: Accounting
Let G be a graph. For each of the following, determine if the statement is true or false. If it's true, provide a proof and if it's false, provide a counterexample.
(a) G has a cycle if and only if G has a circuit
(b) G has a closed walk if and only if G has a circuit
(c) G has an odd-lengthed cycle if and only if G has an odd-lengthed circuit
(d) G has an odd-lengthed closed walk if and only if G has an odd- lengthed circuit
In: Advanced Math
To what extent did the coronavirus affect immigration and our economy?
In our readings for this week, we read a lot about immigration. Because of the current pandemic in the world, the first thought that came to mind was the impact that the coronavirus would have on immigrants. For a very long time, borders to different countries were closed due to the virus. Some borders are still closed. What affects did the temporary halt in immigration have on our US economy? On the lives of specific immigrants?
In: Economics
Why are the following statements false?
The potential energy of a system of interacting particles equals the sum of the potential energies of the individual particles.
The value of the integral ( - pdV) is fixed once the values of the initial and final states(1 and 2) are established.
For a closed system at rest with no fields present, the sum q+w has the same value forevery process that goes from given state 1 to given state 2.
For a constant volume process in a closed system,H=U.
Cp is a state function.
In: Physics
Prove that all rotations and translations form a subgroup of the group of all reflections and products of reflections in Euclidean Geometry. What theorems do we use to show that this is a subgroup?
I know that I need to show that the subset is
closed
identity is in the subset
every element in the subset has an inverse in the subset.
I don't have to prove associative property since that is already proven with Isometries. What theorems for rotations and translations so that they are closed, identity is in the subset and every element is the subset has an inverse in the subset.
In: Advanced Math
On January 1,20X6 ,the company sold for 1,800 a piece of equipment costing 3,900. At the date of sale of the equipment had accumulated depreciaition of 2,400. The company recorded the cash received as other revenue in 20X6. Also, the company continued to record depreciation for this equipment in both 20X6 and 20X7 at the rate of 10% of cost.
Recording correcting entries on Dec31,20X7
Case 1: When the company has not yet closed the 20X7 books.
Case 2: When the company has closed the 20X7 books.
In: Accounting
Question One
Given the following account information for Howard Corporation, prepare a balance sheet in report form for the company as of December 31, 2020. All accounts have normal balances. Assume Howard uses IFRS.
Equipment........................................................................................ 60,000
Interest Expense.............................................................................. 2,400
Interest Payable............................................................................... 600
Retained Earnings, beginning.......................................................... 113,200
Dividends.......................................................................................... 50,400
Land.................................................................................................. 137,320
Accounts Receivable....................................................................... 102,000
Bonds Payable................................................................................. 78,000
Accumulated other comprehensive income ……………………….. 19,000
Notes Payable (due in 6 months).................................................... 29,400
Common Stock................................................................................ 70,000
Accumulated Depreciation—Equip.................................................. 10,000
Prepaid Advertising.......................................................................... 5,000
Service Revenue.............................................................................. 341,400
Buildings........................................................................................... 80,400
Supplies............................................................................................ 1,860
Income Taxes Payable.................................................................... 3,000
Utilities Expense............................................................................... 1,320
Advertising Expense........................................................................ 1,560
Salaries and Wages Expense.......................................................... 53,040
Salaries and Wages Payable........................................................... 900
Accumulated Depr. Bldg.................................................................. 20,000
Cash................................................................................................. 45,000
Depreciation Expense...................................................................... 8,000
Investment in Bonds to be held to maturity ………………………… 100,000
FV-OCI Investments (Fair value = 16,000)…………………………. 12,000
FV-NI Investments …………………………………………………… 3,200
Assets held for sale …………………………………………….. 22,000
Cash is comprised of $50,000 at RBC and a bank overdraft of $5,000 at BMO.
Question 2
The controller of Nebula Corporation has provided you with the following information:
Nebula Corporation
Income Statement
For the Year Ended December 31, 2020
Net sales.................................................................................................. 620,000
Operating expenses................................................................................ 410,000
Income from operations.......................................................................... 210,000
Other revenues and expenses
Gain on sale of equipment............................................................... 30,000
Interest expense............................................................................... 8,000 22,000
Income before income taxes................................................................... 232,000
Income taxes........................................................................................... 92,800
Net income.............................................................................................. 139,200
Nebula Corporation
Comparative Account Information
Relating to Operations
For the Year Ended December 31, 2020
2020 2019
Accounts receivable 56,000 40,000
Prepaid insurance 5,000 6,000
Accounts payable 59,000 47,000
Interest payable 600 1,500
Income taxes payable 4,200 6,000
Unearned revenue 20,000 14,000
Instructions
In: Accounting
Monty Corporation has provided the following information for the
year ended December 31, 2020.
| Monty Corporation Income Statement For the Year Ended December 31, 2020 |
||||
| Revenue | ||||
| Service Revenue | 102,500 | |||
| Dividend Revenue | 11,000 | $113,500 | ||
| Operating Expenses | ||||
| Supplies Expense | 2,200 | |||
| Depreciation Expense | 20,900 | |||
| Advertising Expense | 1,000 | |||
| Meals and Entertainment Expense | 6,000 | |||
| Rent Expense | 9,400 | |||
| Litigation Expense | 8,300 | |||
| Salaries and Wages Expense | 40,600 | |||
| Warranty Expense | 4,100 | 92,500 | ||
| Operating Income before income tax | $21,000 | |||
Additional Information:
| 1. | Monty is privately owned, and uses ASPE. The dividend revenue represents dividends received from taxable Canadian corporations. | |
| 2. | Monty’s income tax rate is 30%. | |
| 3. | On January 1, 2020, Monty had a future tax liability of $3,135 related to its property, plant, and equipment (PPE). | |
| 4. | During the year warranty expense of $4,100 was accrued. One half of this amount was paid during 2020. This is the first year Monty offers warranties on services rendered. | |
| 5. | Property, plant, and equipment was purchased for $104,500 on January 1, 2019. These assets are being depreciated on a straight-line basis over five years with no residual value and have a 20% CCA rate. This PPE is considered “eligible equipment” for purposes of the Accelerated Investment Incentive (the “AII”) (under the AII, instead of using the half-year rule, companies are allowed a first-year deduction using 1.5 times the standard CCA rate). | |
| 6. | On July 1, Monty was sued by a competitor. Although the lawsuit has not been finalized, management believes that it is likely that a settlement will be reached in the next year for $8,300. | |
| 7. |
On November 30, $4,000 cash was paid in advance for four months of advertising, starting Dec. 1. |
Calculate taxable income and taxes payable for 2020.
| Taxable Income | $ | |
| Taxes Payable | $ |
Prepare the journal entries to record 2020 income taxes (current
and future). (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
|
Account Titles and Explanation |
Debit |
Credit |
|
(To record current tax expense.) |
||
|
(To record future tax expense.) |
In: Accounting
How does the motor unit recruitment pattern described in explain the increase in blood lactate which occurs above 50-60% Vo2max? Blood lactate is the buffered form of lactic acid derived from cellular anaerobic glycolysis. (HINT: connect motor unit recruitment order with collective metabolism. And high/low intensity training
My answer so far: The motor unit recruitment pattern described in the lecture materials tells us that when there is low intensity activity (rest to about 50% of Vo2max), minute ventilation (VE) parallels Vo2. We also learn that onset blood lactate accumulation (OBLA) occurs at about 66% Vo2max, and occurs between 50% and 80% Vo2max.
In: Anatomy and Physiology
according to the ( discover sociology) text book.
answer these questions.
Structural Functionalism
1) According to lecture, how did Durkheim consider modern society to be organized differently than feudal society, and why did he call this organic solidarity?
2) What is anomie, and why is it a problem for society?
3) What is collective effervesce, and why is it important for people and groups?
4) Write two sociological questions of your own for peer discussion about structural functionalism. Focus on making them sociological and thoughtful so that they propel discussion. Questions asking about opinions or feelings are not sociological. Questions asking about social behavior, social outcomes, the constructions of institutions in society, or an individual’s agency are sociological.
In: Psychology