The Affordable Health Care Act of 2010 provides an interesting dichotomy concerning the role of the Federal Government in our personal lives relative to social health insurance, versus its' interest in assuring fair and equitable markets in the Healthcare Industry. Discuss the merits of the role of the Federal Government in this context.
In: Finance
The Affordable Health Care Act of 2010 provides an interesting dichotomy concerning the role of the Federal Government in our personal lives relative to social health insurance, versus its' interest in assuring fair and equitable markets in the Healthcare Industry. Discuss the merits of the role of the Federal Government in this context.
In: Finance
In 2010, OSHA allowed the federal alternative work procedures to expire and redefined residential construction. Currently all workers must adhere to the standard. Do you agree with this? Take a position. In addition, what is different about residential construction vs. commercial construction - in your mind and in the regulations?
In: Civil Engineering
Marin Company owes $225,000 plus $20,200 of accrued interest to Headland State Bank. The debt is a 10-year, 10% note. During 2020, Marin’s business deteriorated due to a faltering regional economy. On December 31, 2020, Headland State Bank agrees to accept an old machine and cancel the entire debt. The machine has a cost of $317,000, accumulated depreciation of $174,350, and a fair value of $202,000.
Prepare journal entries for Marin Company and Headland State Bank to record this debt settlement. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
|
No. |
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|---|
|
Marin Company (Debtor): |
||||
|
1. |
December 31, 2020 |
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
Headland State Bank (Creditor): |
||||
|
2. |
December 31, 2020 |
enter an account title to record the transaction for Headland State Bank (Creditor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title to record the transaction for Headland State Bank (Creditor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Headland State Bank (Creditor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Headland State Bank (Creditor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
eTextbook and Media
List of Accounts
How should Marin report the following in its 2020 income statement?
| 1. |
Gain or loss on the disposition of machine |
select between gain and loss Ordinary GainOrdinary ExpenseOrdinary IncomeOrdinary Loss | ||
|---|---|---|---|---|
| 2. |
Gain or loss on restructuring of debt |
select between gain and loss Ordinary GainOrdinary ExpenseOrdinary LossOrdinary Income |
eTextbook and Media
List of Accounts
Assume that, instead of transferring the machine, Marin decides to grant 12,000 shares of its common stock ($10 par) which has a fair value of $202,000 in full settlement of the loan obligation. If Headland State Bank treats Marin’s stock as a trading investment, prepare the entries to record the transaction for both parties. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
|
No. |
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|---|
|
Marin Company (Debtor): |
||||
|
1. |
December 31, 2020 |
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Marin Company (Debtor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
Headland State Bank (Creditor): |
||||
|
2. |
December 31, 2020 |
enter an account title to record the transaction for Headland State Bank (Creditor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title to record the transaction for Headland State Bank (Creditor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Headland State Bank (Creditor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
||
|
enter an account title to record the transaction for Headland State Bank (Creditor) on December 31, 2020 |
enter a debit amount |
enter a credit amount |
In: Accounting
On January 2010, Mr. Ronald Spahr won a prize of a $300,000. For the last few years, Ron has been educating himself about the stock market. Because of the financial crisis, Ron, among others, believes this is a great entry point for investors and that there are so many undervalued stocks and great investment opportunities.
It is now May 2010; Ron is still sitting on his money waiting to learn more about the stock market. Ron heard a lot of investment professionals talking about making money by investing in new stocks offered to the public at initial public offerings (IPOs). So, Ron is waiting for a good IPO to jump in the market.
Ron started to learn about an upcoming IPO of an automobile company that so many people believe will change the future of the industry in the US and globally, that’s Tesla Motors (TSLA). Ron likes this new company so much and is ready to start his investment journey once the stock goes public on June 29th of 2010.
3) What is the minimum initial margin requirement as specified by the Federal Reserve system?
a) 70%
b) 50%
c) 60%
d) 40%
4) If Ron’s broker has a maintenance margin of 40%, how far could TSLA stock decline before
Ron receives a margin call?
a) $15.8
b) $16.67
c) $17.50
d) $26.25
In: Finance
Question 5 (1 point) Question 5 Unsaved The economic crisis of 2008 affected many countries, though some more than others. Some people in Australia have claimed that Australia wasn’t hurt that badly from the crisis. The bank assets (in billions of Australia dollars (AUD)) of the Reserve Bank of Australia (RBA) for the time period of March 2007 through March 2013 are contained in the following table ("B1 assets of," 2013): Table #2.3.11: Data of Date versus RBA Assets Date Assets in billions of AUD Mar-2006 96.9 Jun-2006 107.4 Sep-2006 107.2 Dec-2006 116.2 Mar-2007 123.7 Jun-2007 134.0 Sep-2007 123.0 Dec-2007 93.2 Mar-2008 93.7 Jun-2008 105.6 Sep-2008 101.5 Dec-2008 158.8 Mar-2009 118.7 Jun-2009 111.9 Sep-2009 87.0 Dec-2009 86.1 Mar-2010 83.4 Jun-2010 85.7 Sep-2010 74.8 Dec-2010 76.0 Mar-2011 75.7 Jun-2011 75.9 Sep-2011 75.2 Dec-2011 87.9 Mar-2012 91.0 Jun-2012 90.1 Sep-2012 83.9 Dec-2012 95.8 Mar-2013 90.5 Create a time-series plot of the data, and from it determine which of the following statements is NOT true:
Question 5 options: A) The data shows a steady (linear) increase in the assets held by Reserve Bank of Australia from March 2006 to June 2007
B) With the exception of March 2006 - June 2007 and March - December 2008 temporary decreases, assets of Reserve Bank of Australia have remained relatively unchanged from March 2006 through March 2015
C) The data shows a steady (linear) decrease in the assets held by Reserve Bank of Australia from December 2008 to September 2009
D) With the exception of March 2006 - June 2007 and March - December 2008 temporary increases, assets of Reserve Bank of Australia have remained relatively unchanged from March 2006 through March 2015
In: Statistics and Probability
Chapter 2 HW P2-35A
The accounts of Cascade Consulting, Inc., follow with their normal balances at December 31, 2010. The accounts are listed in no particular order.
Prepare the company’s trial balance at December 31, 2010, listing accounts in the proper order. List the largest expense first, the second largest expense next, and so on.
|
Cascade Consulting Inc. Trial Balance Dec 31, 2010 |
||
|
Account |
Debit |
Credit |
|
Cash |
$8,300 |
|
|
Accounts Receivable |
$6,500 |
|
|
Land |
$24,000 |
|
|
Building |
$110,000 |
|
|
Accounts Payable |
$3,700 |
|
|
Notes Payable |
$76,000 |
|
|
Common Stock |
$65,000 |
|
|
Retained Earnings |
$9,700 |
|
|
Dividends |
$13,500 |
|
|
Service Revenues |
$83,000 |
|
|
Salary Expense |
$51,000 |
|
|
Rent Expense |
$12,800 |
|
|
Utilities Expense |
$6,400 |
|
|
Supplies Expense |
$3,200 |
|
|
Insurance Expense |
$1,700 |
|
|
Total |
$237,400 |
$237,400 |
Prepare the financial statements: income statement, statement of retained earnings, and balance sheet. The retained earnings balance of $9,700 is the beginning balance for the year; it has not been updated for the current year’s income or loss.
|
Cascade Consulting Inc. Income Statement For the year ended Dec 31 2010 |
||
|
Revenue (A) |
Amount $ |
Amount $ |
|
Service Revenues |
$83,000 |
|
|
Expenses (B) |
||
|
Salary Expense |
$51,000 |
|
|
Rent Expense |
$12,800 |
|
|
Utilities Expense |
$6,400 |
|
|
Supplies Expense |
$3,200 |
|
|
Insurance Expense |
$1,700 |
|
|
$75,100 |
||
|
Net Income (A)-(B) |
$7,900 |
|
Cascade Consulting Inc. Statement of Retained Earnings For the year ended Dec 31,2010 |
||
|
Particulars |
Amount $ |
Amount $ |
|
Retained Earnings at the beginning of year |
$9,700 |
|
|
Add: Net income for the current year |
$7,900 |
|
|
Subtotal |
$17,600 |
|
|
Less: Dividends |
$13,500 |
|
|
Retained Earnings at the end of the year |
$4,100 |
|
Balance |
Sheet |
||
|
Cash |
$8300 |
Accounts Payable |
$3,700 |
|
Accounts Receivable |
$6,500 |
Notes Payable |
$76,000 |
|
Supplies |
$400 |
Total Liabilities |
$79,700 |
|
Land |
$24,000 |
||
|
Building |
$110,000 |
||
|
Common Stock |
$65,000 |
||
|
Retained Earnings |
$9,700 |
||
|
Total Stockholders Equity |
$74,700 |
||
|
Total |
$149,200 |
Total Liabilities & Stockholders’ Equity |
$154,400 |
I cannot figure out why the total and the total liabilities and stockholders Equity do not match up
In: Accounting
The head of the strategy of Kreditech, a German startup is quoted in the article “We are a tech company that happens to be doing lending". Why might this overstate the extent to which online lending can rely on emerging technology and data to make decisions on taking and pricing the credit risk of borrowers?
Explain the technology foundations of online (marketplace) lending.
In: Finance
Radio frequency identification (RFID) is known as one of the three new technology solutions for supply chain management according to Mondragon, Lyons, Michaelides and Kehoe (2006). Critically discuss the concept of RFID and explain in your own understanding why old RFID technology can disrupt modern retail supply chains. [10]
In: Operations Management
What are the IoT devices like fitness trackers, automatic lights, bulbs, digital assistants like Alexa Cortono siri, smart plugs, smart TVs and more that you use on a daily basis. How does technology help your daily life. Do you think technology makes people lazy,
In: Computer Science