Erin is a 19-year-old university student in her second year at university. Erin is bright and has always been a high achiever at school, and her parents have been keen to prompt her to follow her dreams and encourage her pursuits. Erin loves cooking for her family, particularly her older brother Josh. In order to achieve the best possible Year 12 score, Erin’s parents decided to move her to a private school for girls that had a good reputation for university acceptance. Erin’s mother took on extra work to pay for the school fees. While Erin was sad to leave her old school and friends, she agreed that this was the best choice for her academically. Things did not go as well as planned, however, and Erin was subjected to distressing bullying from the beginning of Year 12 until she finished the school year. Erin has always been conscious of her health and weight but was targeted because she had ‘fat legs’
and the bullies sent her text messages of ‘fat people’ and memes with derogatory messages about her. Because her parents had made sacrifices for her to attend this school, Erin didn’t want to tell them that she was being bullied, so she kept it to herself. This bullying had a devastating impact on Erin’s self-esteem, and she began dieting. People would comment on how great she looked, so she continued dieting. She felt she had some control over what she ate, and this made her feel better. When her local gym had a special rate for new members, Erin joined. When she wasn’t at the gym, she was studying. Because she was working out so much, and restricting her diet, Erin became seriously constipated. So, she went to her local pharmacy and began buying laxatives. Erin noticed that they helped with her constipation, but they also reduced her weight (Erin would weigh herself daily), so she began taking them all the time. It got to the point where her local pharmacy would not sell them to her anymore, so she began buying them from multiple pharmacies and online. Despite the turmoil at school, Erin did well academically and achieved exceptionally high marks in her final exams. She got her first preference for courses and enrolled in a Bachelor of Dietetics at a well-regarded university. Recently, however, wearing baggy clothing and restricting her food intake has been causing suspicions. Her mother has told her she is too thin, and her brother and father have expressed concern about her –but Erin doesn’t see it this way. When Erin looks in the mirror, she sees the fat girl who was bullied in Year 12. Erin has collapsed at her gym several times, and staff have expressed concern about her weight. Erin worried that as with the pharmacy, she will need to find another gym. At 1.62 cm tall and weighing 41 kg, Erin’s BMI is 15.6.
In: Nursing
Define and defend your own position on the University of Texas/Texas A& M admissions policy of granting admission to the Top 7-8% of students from Texas High Schools.
In: Economics
OGOYA Ltd is a fast-growing company in need of new financing to fund its expansion plans. It is hoping to raise $10 million dollars from a debt issuance. It is considering the following options:
A Issue 2-year 8% debentures at par on January 1, 2019. Interest payments are made annually at the end of each year. The debenture matures on December 31, 2020.
B Issue 2-year 4% convertible debentures at par on January 1, 2019. The debentures can be converted into 10 million $1 shares at maturity on December 31, 2020. Interest payments are made annually at the end of each year. Without the conversion feature, the debenture would be priced the same as option A.
Question What's the journal entries of A and B
In: Accounting
Blue Company purchased equipment for $266,000 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $14,000. Estimated production is 40,000 units and estimated working hours are 20,000. During 2020, Blue uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Blue is on a calendar-year basis ending December 31.
| (a) |
Straight-line method for 2020 |
$enter a dollar amount | ||
|---|---|---|---|---|
| (b) |
Activity method (units of output) for 2020 |
$enter a dollar amount | ||
| (c) |
Activity method (working hours) for 2020 |
$enter a dollar amount | ||
| (d) |
Sum-of-the-years'-digits method for 2022 |
$enter a dollar amount | ||
| (e) |
Double-declining-balance method for 2021 |
In: Accounting
Kershaw Electric sold $6,000,000, 10%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 98.
Prepare entries to record issuance of bonds, interest accrual, and bond redemption.
Instructions
Please show all work!
In: Accounting
Excavation Co., a publicly-traded company, has a December 31 year end. For the 2020 fiscal year, there were 100,000 common shares outstanding all year. Net income for the year ended December 31, 2020 was $900,000. The company’s income tax rate is 25%. During 2019, Spade issued a $5,000,000, 5% convertible bond at par. Each $1,000 bond is convertible into 20 common shares. No bonds have been converted as of December 31, 2020. Also during 2019, Spade issued 100,000, $2 cumulative, convertible preferred shares. Two preferred shares are convertible into one common share. The preferred share dividend was declared and paid in June, 2020. Required : Calculate basic and diluted earnings per share for 2020.
In: Accounting
Prem Company acquired 60 percent ownership of Cooper Company's voting shares on January 1, 20X2. During 20X5, Prem purchased inventory for $20,000 and sold the full amount to Cooper Company for $30,000. On December 31, 20X5, Cooper's ending inventory included $6,000 of items purchased from Prem. Also in 20X5, Cooper purchased inventory for $50,000 and sold the units to Prem for $80,000. Prem included $20,000 of its purchase from Cooper in ending inventory on December 31, 20X5.
Summary income statement data for the two companies revealed the following:
|
Prem Company |
Cooper Company |
|
|
Sales |
$ 400,000 |
$ 200,000 |
|
Income from Cooper |
20,500 |
|
|
$ 420,500 |
$ 200,000 |
|
|
Cost of Goods Sold |
$ 250,000 |
$ 120,000 |
|
Other Expenses |
70,000 |
35,000 |
|
Total Expenses |
$ (320,000) |
$(155,000) |
|
Net Income |
$ 100,500 |
$ 45,000 |
In: Accounting
Smooth Blend, Inc., a calendar year company, produces several blends of whiskey. Maturing whiskey is stored for 3 years in a large, dark aromatic warehouse owned by Smooth Blend. Smooth Blend sells the whiskey to Distributor Company at the beginning of the aging process (January 1, 2011). Distributor Company will pick up the whiskey at the end of the aging process (December 31, 2013) and take it to its facilities for bottling. Distributor Company pays the full purchase price to Smooth Blend on January 1, 2011 to protect itself against price increases. When should Smooth Blend recognize revenue? Why? Would your answer change If the quality control manager of Distributor Company had the right to taste the whiskey on December 31, 2013 and receive a full refund if not satisfied with the quality of the liquor? If there was no right of return but Smooth Blend promised to help Distributor Company attract customers? If Smooth Blend acquired a fixed price option from Distributor Company to repurchase the whiskey in 6 months?
In: Accounting
To complete this assignment, choose one of the THREE topics of your choice (see below), do a thorough research and analysis on the topic, write it up, and finally submit it as an attached document. 6. Here are the THREE topics and all you need is to pick the one that is of interest to you
: (i) China and the US have been in serious disputes and disagreements in areas of international trade and commerce. Present a background on the issue (how did this come about and the political positions on both countries), its macroeconomic consequences to both countries and perhaps the rest of the world. I cannot just tell you what to say or what to focus on in this issue, but it is important for you to be thorough. You put the paper together in your own creative manner because there is NO one way to present it. It is absolutely fine if you choose to incorporate graphs / diagrams to support your analysis. However, the paper will be graded on its thoroughness, contents, and logical analysis and it should be free from grammatical errors.
(ii) President Trump's policy and his insistence in building a wall along the borders of the United States and Mexico. Present a thorough background on the issue (how did this come about and the political positions on both countries, perhaps even the rest of the world). Any social / economic consequences on this issue. Again, it is up to you as far as how you want to present it but it is important to be complete and logical in your analysis. The paper will be graded on its thoroughness, contents, and logical analysis and it should be free from grammatical errors.
(iii) The impacts of novel Coronavirus pandemic on the US economy have been devastating. Present a thorough analysis on its impacts since March 2020 up until perhaps the first part of October 2020, primarily focusing on the areas of personal consumption, business investment, unemployment, inflation, GDP, international trade, etc. Be sure to support your analysis with relevant data instead of presenting your personal opinions. Like the requirements of the other two options, it is up to you as far as how you want to present it but it is important to be complete and logical in your analysis.
The paper will be graded on its thoroughness, contents, and logical analysis and it should be free from grammatical errors. The paper should be between 4 and 5 pages in length, typed, double-spaced, and, again
In: Economics
To complete this assignment, choose one of the THREE topics of your choice (see below), do a thorough research and analysis on the topic, write it up, and finally submit it as an attached document. 6. Here are the THREE topics and all you need is to pick the one that is of interest to you:
(i) China and the US have been in serious disputes and disagreements in areas of international trade and commerce. Present a background on the issue (how did this come about and the political positions on both countries), its macroeconomic consequences to both countries and perhaps the rest of the world. I cannot just tell you what to say or what to focus on in this issue, but it is important for you to be thorough. You put the paper together in your own creative manner because there is NO one way to present it. It is absolutely fine if you choose to incorporate graphs / diagrams to support your analysis. However, the paper will be graded on its thoroughness, contents, and logical analysis and it should be free from grammatical errors.
(ii) President Trump's policy and his insistence in building a wall along the borders of the United States and Mexico. Present a thorough background on the issue (how did this come about and the political positions on both countries, perhaps even the rest of the world). Any social / economic consequences on this issue. Again, it is up to you as far as how you want to present it but it is important to be complete and logical in your analysis. The paper will be graded on its thoroughness, contents, and logical analysis and it should be free from grammatical errors.
(iii) The impacts of novel Coronavirus pandemic on the US economy have been devastating. Present a thorough analysis on its impacts since March 2020 up until perhaps the first part of October 2020, primarily focusing on the areas of personal consumption, business investment, unemployment, inflation, GDP, international trade, etc. Be sure to support your analysis with relevant data instead of presenting your personal opinions. Like the requirements of the other two options, it is up to you as far as how you want to present it but it is important to be complete and logical in your analysis.
The paper will be graded on its thoroughness, contents, and logical analysis and it should be free from grammatical errors. The paper should be between 4 and 5 pages in length, typed, double-spaced, and, again
In: Economics