Questions
The Bradford Company issued 12% bonds, dated January 1, with a face amount of $87 million...

The Bradford Company issued 12% bonds, dated January 1, with a face amount of $87 million on January 1, 2018. The bonds mature on December 31, 2027 (10 years). For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1. Determine the price of the bonds at January 1, 2018.
2. to 4. Prepare the journal entry to record their issuance by The Bradford Company on January 1, 2018, interest on June 30, 2018 and interest on December 31, 2018 (at the effective rate).

termine the price of the bonds at January 1, 2018. (Enter your answers whole dollars.)

Table values are based on:
n =
i =
Cash Flow Amount Present Value
Interest
Principal
Price of bonds
No Date General Journal Debit Credit
1 January 01, 2018
2 June 30, 2018
3 December 31, 2018

In: Accounting

Falcon, Inc. has the following assets in service at the end of 2018: Asset Cost Recovery...

Falcon, Inc. has the following assets in service at the end of 2018:

Asset

Cost

Recovery Period

Date placed in service

Building

1,000,000

Commercial RE

March 2015

Land

200,000

Commercial RE

March 2015

Furniture and Fixtures

15,000

7

June 2015

Manufacturing Equipment

80,000

7

April 2016

Manufacturing Equipment

219,000

7

January 2018

Transportation Equipment

795,000

5

August 2018

Office Equipment

70,000

7

December 2018

In 2018 Falcon has taxable income of $10,000,000.

Falcon did not utilize a §179 deduction or bonus depreciation prior to 2018. They would like to take the §179 deduction this year.

All assets purchased in 2018 are brand new.

2a: Calculate the most beneficial cost recovery for Falcon, Inc. for 2018. Please note that you completed this problem under 2017 tax law during Chapter 10 in-class problems.

2b: If the transportation equipment was instead purchased for $2,100,000, what would be the most beneficial cost recovery for 2018?

In: Accounting

Assume that the following data relative to Kane Company for 2018 is available: Net Income $2,800,000...

Assume that the following data relative to Kane Company for 2018 is available:

Net Income $2,800,000
Transactions in Common Shares Change Cumulative
Jan. 1, 2018, Beginning number 650,000
Mar. 1, 2018, Purchase of treasury shares (55,200) 594,800
June 1, 2018, Stock split 2-1 594,800 1,189,600
Nov. 1, 2018, Issuance of shares 216,000 1,405,600
6% Cumulative Convertible Preferred Stock
Sold at par, convertible into 190,000 shares of common (adjusted for split). $950,000
Stock Options
Exercisable at the option price of $25 per share. Average market price in 2018, $30 (market price and option price adjusted for split).

Compute weighted average shares outstanding for 2018.

Weighted average shares outstanding

Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.)

Basic earnings per share

Compute the diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.)

Diluted earnings per share

In: Accounting

Assume that the following data relative to Kane Company for 2018 is available: Net Income $2,890,000...

Assume that the following data relative to Kane Company for 2018 is available:

Net Income $2,890,000
Transactions in Common Shares Change Cumulative
Jan. 1, 2018, Beginning number 740,000
Mar. 1, 2018, Purchase of treasury shares (72,000) 668,000
June 1, 2018, Stock split 2-1 668,000 1,336,000
Nov. 1, 2018, Issuance of shares 222,000 1,558,000
6% Cumulative Convertible Preferred Stock
Sold at par, convertible into 180,000 shares of common (adjusted for split). $900,000
Stock Options
Exercisable at the option price of $25 per share. Average market price in 2018, $30 (market price and option price adjusted for split). 90,000 shares

Compute weighted average shares outstanding for 2018.

Weighted average shares outstanding

Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.)

Basic earnings per share $

Compute the diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.)

Diluted earnings per share $

In: Accounting

Assume that the following data relative to Kane Company for 2018 is available: Net Income $2,890,000...

Assume that the following data relative to Kane Company for 2018 is available:

Net Income $2,890,000
Transactions in Common Shares Change Cumulative
Jan. 1, 2018, Beginning number 720,000
Mar. 1, 2018, Purchase of treasury shares (67,200) 652,800
June 1, 2018, Stock split 2-1 652,800 1,305,600
Nov. 1, 2018, Issuance of shares 240,000 1,545,600
6% Cumulative Convertible Preferred Stock
Sold at par, convertible into 190,000 shares of common (adjusted for split). $950,000
Stock Options
Exercisable at the option price of $25 per share. Average market price in 2018, $30 (market price and option price adjusted for split). 93,000 shares

Compute weighted average shares outstanding for 2018.

Weighted average shares outstanding

Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.)

Basic earnings per share $

Compute the diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.)

Diluted earnings per share $

In: Accounting

A PEST analysis of the healthcare industry shows how the system works and the change in...

A PEST analysis of the healthcare industry shows how the system works and the change in the future (Frue, 2018). The healthcare industry depends on legislation, changes in economic rates, and technological advancements (Frue, 2018). People begin to worry when there are changes in government and it’s important companies like mine are aware of changes in healthcare (Frue, 2018).

Political factors; Government Subsidies the healthcare industry is impacted by insurance mandates, tax legislation changes, and consumer protection (Frue, 2018). With my chosen company Independence at Home funds are issued from the State because it’s a government program. Government spending for healthcare can be affected by tax policy changes (Frue, 2018). However, allowing for increased subsidies can be a benefit or it can cause concerns (Frue, 2018). Governmental changes can affect the public and the healthcare services they’re entitled to, especially with changing healthcare bills and plans (Frue, 2018).

Economic Factors Loss of Services, healthcare organizations will be affected by many economic factors, especially inflation, unemployment, and interest rates (Frue, 2018). If there is a change to any of those it can change how the public is able to spend their money, impacting policy spending (Frue, 2018). Companies who manufacture medical devices won’t have many people able to pay their rate if unemployment rate is increased (Frue, 2018). This would mean if less people are able to work, they won’t qualify for work benefits, including healthcare (Frue, 2018). People without these benefits are likely not able to pay the entire cost of any hospital or emergency room visit (Frue, 2018). They’re less likely to seek help when they become ill (Frue, 2018). The public will have a limited selected of health services they can afford (Frue, 2018). My company with our different programs can help older adults with healthcare services healthcare insurance.

Social factors change in beliefs, healthcare relies on understanding the changes in demographics and public values (Frue, 2018). There are communities that share fears, beliefs, and cultural norms (Frue, 2018). If a healthcare professional or hospital is not aware of these conditions while they treat that public, it can cause problems (Frue, 2018). Medical professionals need to stay on their toes about new trends (Frue, 2018). An example would be the use of essential oils as a cure for various illnesses including cases of flu, fevers and even incurable conditions like autism are on the rise (Frue, 2018). Now people have become more health conscious (Frue, 2018). Some business across the country must now post calorie amount of each item on their menu, giving people the option to choose what to eat based on these numbers (Frue, 2018).

Technological factors in the healthcare industry is seeing positive changes in treatments because of technological advancements (Frue, 2018). Developments with medical devices allow patients to receive better care (Frue, 2018). An example is hearing aid devices have the tools to enhance performance, providing crystal clear sound, less background noise, and premium options for a better hearing experience (Frue, 2018). My chosen company Independence at Home is now exploring sending text messages, emails and app developments for clients and care managers to interact with clients for a better service. More business is using apps to connect doctors with patients right in their homes (Frue, 2018). The healthcare industry is heading towards a positive direction for patient care because of our ever-evolving technology (Frue, 2018).

For Chegg: Please provide feedback to the above post and ask question if needed. The student was advised to Discuss the PEST technique with respect to at least one each of the political, economic, social, and technical factors. Explain how this knowledge could be used in the strategic planning process within a company.

In: Economics

explain sample and non sample risk?

explain sample and non sample risk?

In: Accounting

what is Therapeutic and Non-therapeutic communication?

what is Therapeutic and Non-therapeutic communication?

In: Nursing

Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given...

Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below.

METAGROBOLIZE INDUSTRIES
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)

2018

2017

Assets

Cash

$

390

$

190

Accounts receivable

450

240

Inventory

600

375

Land

600

560

Building

900

900

Less: Accumulated depreciation

(300

)

(285

)

Equipment

2,750

2,450

Less: Accumulated depreciation

(430

)

(400

)

Patent

1,500

1,650

$

6,460

$

5,680

Liabilities

Accounts payable

$

700

$

550

Accrued expenses payable

200

175

Lease liability—land

130

0

Shareholders' Equity

Common stock

3,110

3,000

Paid-in capital—excess of par

550

485

Retained earnings

1,770

1,470

$

6,460

$

5,680


METAGROBOLIZE INDUSTRIES
Income Statement
For the Year Ended December 31, 2018
($ in 000s)

Revenues

Sales revenue

$

2,765

Gain on sale of land

55

$

2,820

Expenses

Cost of goods sold

$

900

Depreciation expense—building

15

Depreciation expense—equipment

300

Loss on sale of equipment

10

Amortization of patent

150

Operating expenses

$

550

1,925

Net income

$

895

Additional information from the accounting records:

Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018.

During 2018, equipment with a cost of $300,000 (90% depreciated) was sold.

The statement of shareholders’ equity reveals reductions of $175,000 and $420,000 for stock dividends and cash dividends, respectively.

Required:
Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Enter your answers in thousands. (i.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign)

In: Accounting

Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given...

Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

METAGROBOLIZE INDUSTRIES
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)

2018

2017

Assets

Cash

$

440

$

190

Accounts receivable

470

250

Inventory

620

380

Land

625

575

Building

800

800

Less: Accumulated depreciation

(200

)

(170)

Equipment

2,800

2,510

Less: Accumulated depreciation

(451

)

(420

)

Patent

1,600

1,800

$

6,704

$

5,915

Liabilities

Accounts payable

$

720

$

470

Accrued expenses payable

210

165

Lease liability—land

130

0

Shareholders' Equity

Common stock

2,650

2,500

Paid-in capital—excess of par

500

470

Retained earnings

2,494

2,310

$

6,704

$

5,915

METAGROBOLIZE INDUSTRIES
Income Statement
For the Year Ended December 31, 2018
($ in 000s)

Revenues

Sales revenue

$

2,807

Gain on sale of land

60

$

2,867

Expenses

Cost of goods sold

$

920

Depreciation expense—building

30

Depreciation expense—equipment

328

Loss on sale of equipment

10

Amortization of patent

200

Operating expenses

600

2,088

Net income

$

779


Additional information from the accounting records:

Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018.

During 2018, equipment with a cost of $330,000 (90% depreciated) was sold.

The statement of shareholders' equity reveals reductions of $180,000 and $415,000 for stock dividends and cash dividends, respectively.

Required:
Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2018. Present cash flows from operating activities by the direct method.

In: Accounting