Problem 10-34 (LO 10-3, 10-4)

The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr).

January 1, 2017 December 31, 2017

Accounts payable (24,000 ) (31,500 )

Accounts receivable 45,000 95,000

Accumulated depreciation—buildings (36,000 ) (41,000 )

Accumulated depreciation—equipment 0 (6,600 )

Bonds payable—due 2020 (55,000 ) (55,000 )

Buildings 125,000 100,500

Cash 51,000 9,600

Common stock (60,000 ) (71,000 )

Depreciation expense 0 31,000

Dividends (10/1/17) 0 48,000

Equipment 0 46,000

Gain on sale of building 0 (7,600 )

Rent expense 0 18,100

Retained earnings (46,000 ) (46,000 )

Salary expense 0 36,000

Sales 0 (133,000 )

Utilities expense 0 7,500

Additional Information

*Agee issued additional shares of common stock during the year on April 1, 2017. Common stock at January 1, 2017, was sold at the start of operations in 2010.

*Agee purchased buildings in 2011 and sold one building with a book value of Kr 5,100 on July 1 of the current year.

*Equipment was acquired on April 1, 2017.

Relevant exchange rates for 1 Kr were as follows:

2010 $ 2.45

2011 2.25

January 1, 2017 2.55

April 1, 2017 2.65

July 1, 2017 2.85

October 1, 2017 2.95

December 31, 2017 3.05  

Average for 2017 2.75

a) Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $96,600, which included a remeasurement loss of $13,000.

b) Assuming the foreign currency is the functional currency, what is the translation adjustment for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $112,500, and a cumulative translation adjustment of $10,800 (credit balance).

Early in 2020, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on June 1, 2020 and was completed on December 31, 2020. Dobbs made the following payments to Kiner, Inc. during 2020:

In order to help finance the construction, Dobbs issued the following during 2020:

In addition to the 9% bonds payable, the only debt outstanding during 2020 was a $518,500, 12% note payable dated January 1, 2016 and due January 1, 2023, with interest payable annually on January 1.

Compute the amounts of each of the following:

2. A circuit contains 3 resistors connected in series and no battery. It is a closed circuit and has dimensions of 18 cm by 42 cm. The resistor values are 12, 15 and 18 ohms. A magnetic field directed out of the plane of the circuit changes from 52 T to 0 T in 2.9 sec.

a. Sketch the circuit and indicate the direction of the initial magnetic field.

b. What is the magnetic flux through the circuit when the magnetic field is at its starting value? What is the flux when the field is at its final value?

c. What is the direction of the current in the circuit as the magnetic field is changing? Explain.

d. What is the induced emf and current in the circuit as the magnetic field is changing?

e. What is the direction of the current after the magnetic field reaches its final value?

A 10 L adiabatic container contains 0.1 mol of air, at a temperature of 250 K. It is closed by a stopcock. Ambient air is at 300 K at a pressure of 1 bar. The stopcock is opened for a moment and a certain amount of air penetrates into the container. After thermal equilibrium is reached inside the container, the gas temperature is measured to be 350 K. 1) Assuming that the air behaves as an ideal gas, find the initial pressure in the container, the number of moles of air that penetrated in the container, the sum of the internal energy changes for the gas inside the container and the gas that entered it and the final pressure inside. 2) Find the enthalpy and entropy changes of the gas that is inside the container at the end of the process. Use κ = Cp,mol/CV,mol = 7/5 and Cp,mol − CV,mol = R.

A closed and elevated vertical cylindrical tank with diameter 2.10 m contains water to a depth of 0.500 m . A worker accidently pokes a circular hole with diameter 0.0170 m in the bottom of the tank. As the water drains from the tank, compressed air above the water in the tank maintains a gauge pressure of 5.00×10³ Pa at the surface of the water. Ignore any effects of viscosity.

A)Just after the hole is made, what is the speed of the water as it emerges from the hole? (v=____)

B)What is the ratio of this speed to the efflux speed if the top of the tank is open to the air? (v/v_open=________)

C)How much time does it take for all the water to drain from the tank? (t=_______)

D)What is the ratio of this time to the time it takes for the tank to drain if the top of the tank is open to the air? (t/t_open=_______)

A closed and elevated vertical cylindrical tank with diameter 2.00m contains water to a depth of 0.900m . A worker accidently pokes a circular hole with diameter 0.0190m in the bottom of the tank. As the water drains from the tank, compressed air above the water in the tank maintains a gauge pressure of5.00�103Pa at the surface of the water. Ignore any effects of viscosity.

A. Just after the hole is made, what is the speed of the water as it emerges from the hole? in m/s

B. What is the ratio of this speed to the efflux speed if the top of the tank is open to the air?

C. How much time does it take for all the water to drain from the tank? in min

D. What is the ratio of this time to the time it takes for the tank to drain if the top of the tank is open to the air?

Please help I have no idea how to solve it

ARTICLE 1:
Police inspector advises stubborn teenager caught for repeatedly breaking MCO, challenges him to do well in studies (VIDEO)

Tuesday, 07 Apr 2020 05:58 PM MYT BY ARIF ZIKRI LENGGONG, April 7— A teenager caught multiple times for violating the Movement Control Order (MCO) was schooled by a police inspector after the boy’s mother complained about his stubbornness. Lenggong police station head Inspector Mohd Ropiza Hassan took it upon himself to advise the young man. A video of the conversation between Mohd Ropiza and the 15-year-old boy was recorded and has been circulating on social media platforms since yesterday. In the one minute and 37 second video, Ropiza telling-off the youngster that it was not his first time he had been caught, and ‘offered’ the boy to stay in the lock-up if he required monitoring to comply with the law. Mohd Ropiza then advised the teenager to study hard during the MCO, so he could better himself and help his family, challenging the boy to further his studies into any university. “Study hard, you’re the eldest son in your family, haven’t you thought about that? With no father. The government has asked you to stay at home to read some books. “Study hard until you succeed so that you can help out your family not by doing as you please.” He told the boy to listen to the advice, saying he wanted to see the young man in another five years and to hear that he had succeeded in furthering his studies. “Meet me at Balai Lenggong and tell me when you’ve been accepted into an IPTA, I challenge you,” Ropiza said in the video. The video was recorded in front of the teen’s house and according to the Gerik State Chief of Police, Superintendent Ismail Che Isa, no arrest was made and the inspector was just advising the boy as requested by his mother. Inspector Mohd Ropiza Hassan took time to personally speak to the youngster. — Screenshot courtesy of Facebook/ Polis Diraja Malaysia.

ARTICLE 2: What MCO? 14 arrested by cops for gambling in What MCO? 14 arrested by cops for gambling in NegriNegri

NATION Wednesday, 08 Apr 2020 4:40 PM MYT By SARBAN SINGH NILAI: A total of 14 people, including juveniles, believed to be taking part in gambling activities, have been detained for defying the movement control order (MCO). OCPD Supt Mohamad Nor Marzukee Besar said the suspects, aged between 17 and 24, were arrested in front of a house in Taman Desa Pelangi in Mantin at about 1.30am on Wednesday (April 8). "A team was dispatched to the housing estate after we received a tip off from the public. "The suspects were caught gambling in front of the house," he said. Supt Mohamad Nor said all the suspects were arrested after they failed to provide a valid reason for being outside of their house during the MCO. He said police also seized two decks of cards, cash, a table and some chairs. The case will be investigated under Rule 7 of the Prevention and Control of Infectious Diseases (Measures Within the Infected Local Areas) Regulations 2020. The offence carries a fine of up to RM1,000 or six months jail, or both. Supt Mohamad Nor said the suspects would also be investigated under Section 6(1) of the Common Gaming Houses Act for taking part in gambling. Offenders can be fined up to RM5,000 or six months jail, or both. Separately, Supt Mohamad Nor said police arrested three men, including a Bangladeshi, for defying the MCO.
ARTICLE 3:
THURSDAY, APRIL 9, 2020 KEPALA BATAS:
A group of people violated the movement control order (MCO) when they were caught drinking outside a temple on Thursday (April 9).
Seberang Prai Utara OCPD Asst Comm Noorzainy Mohd Noor said those detained were enjoying their alcoholic beverages at the temple compound near Jalan Kampung Gajah, Butterworth.

"Despite knowing that the government has enforced the MCO, they chose to ignore the order and loitered outside instead of staying at home," he told reporters after the special operation.
Asst Comm Noorzainy said the group of seven, including two women, claimed that they were bored at home and since many shops were closed, they decided to have a chat while drinking outside the temple. Earlier at Bagan Lalang, four teenagers were drinking "air ketum" at a field near Taman Mesra and tried to run away when police approached them in the operation. The teenagers were apprehended by police who had them cornered. Asst Comm Noorzainy said in total, 27 people were arrested for violating the MCO in various parts of the district. He said the operation was conducted by a special task force from the district police headquarters. "Those arrested are aged from 16 to 60," he said. He said from the 27 that were arrested, 23 will be issued compound notices for violating the MCO. All of them were detained under Regulation 11 of the Prevention and Control of Infectious Disease Regulations 2020, Section 269 and Section 186 of the Penal Code. - Star
MCO: Group caught boozing at temple compound in Penang

INSTRUCTION
For this assignment, you need to read the following news articles (attached seperately) and then complete the following tasks. Write you response for (a) and (b) in one continuos essay:

a) Relate the issues covered by the articles to the roles the mesosystem and the macrosystem in supporting individuals’socialisation process.

b) Apply the four parenting styles of to handle the issues highlighted by the news articles.

DeSoto Tools Inc. is planning to expand production. The expansion will cost $3,800,000, which can be financed either by bonds at an interest rate of 5 percent or by selling 76,000 shares of common stock at $50 per share. The current income statement before expansion is as follows:

After the expansion, sales are expected to increase by $1,680,000. Variable costs will remain at 40 percent of sales, and fixed costs will increase to $1,386,000. The tax rate is 40 percent.

a. Calculate the degree of operating leverage, the degree of financial leverage, and the degree of combined leverage before expansion. (For the degree of operating leverage, use the formula: DOL = (S − TVC) / (S − TVC − FC). For the degree of combined leverage, use the formula: DCL = (S − TVC) / (S − TVC − FC − I). These instructions apply throughout this problem.) (Round your answers to 2 decimal places.)
  

b. Construct the income statement for the two alternative financing plans. (Round EPS to 2 decimal places.)
  

c. Calculate the degree of operating leverage, the degree of financial leverage, and the degree of combined leverage, after expansion. (Round your answers to 2 decimal places.)
  

DeSoto Tools Inc. is planning to expand production. The expansion will cost $2,900,000, which can be financed either by bonds at an interest rate of 6 percent or by selling 58,000 shares of common stock at $50 per share. The current income statement before expansion is as follows:

After the expansion, sales are expected to increase by $1,590,000. Variable costs will remain at 40 percent of sales, and fixed costs will increase to $1,368,000. The tax rate is 40 percent.

a. Calculate the degree of operating leverage, the degree of financial leverage, and the degree of combined leverage before expansion. (For the degree of operating leverage, use the formula: DOL = (S − TVC) / (S − TVC − FC). For the degree of combined leverage, use the formula: DCL = (S − TVC) / (S − TVC − FC − I). These instructions apply throughout this problem.) (Round your answers to 2 decimal places.)
  

b. Construct the income statement for the two alternative financing plans. (Round EPS to 2 decimal places.)
  

c. Calculate the degree of operating leverage, the degree of financial leverage, and the degree of combined leverage, after expansion. (Round your answers to 2 decimal places.)
  

Suppose there is a market and its competitive equilibrium.

Demand P= 100-QD

Supply P = 20 + QS/3. The government introduces the a subsidy of s = $4 per unit of good sold and bought.

(a) Draw the graph for the demand and supply before subsidy, carefully determining all intercepts and relevant intersection points.

(b) What is the equilibrium price and quantity before the subsidy and after the subsidy? (in the subsidy case, what price the buyers pay and what price the sellers receive?)

(c) Looking at the prices buyers pay and sellers receive after the subsidy compared to the no subsidy case, do buyers or sellers receive more of the subsidy? How much of the $4/unit subsidy is received by the buyers and how much by the sellers? (d) Calculate the price elasticities of demand and supply at the equilibrium before the subsidy. Confirm that the elasticities are inversely proportional to the shares of the subsidy each side (buyers and sellers) receive?

(e) What is the consumer surplus CS and producer surplus PS before and after the subsidy? What is the cost to the government of this subsidy program? What is the DWL (deadweight loss) that comes with the subsidy policy?

(f) Suppose the government is trying to determine the amount of subsidy (they think they can do better than s=$4), to maximize the equilibrium quantity transacted (bought and sold) in the market, yet it has a budget of $1500 to spend on the subsidy provision. What is the maximum quantity the government subsidy can induce, and what is the amount of subsidy per unit to achieve this?