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.

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

1. Prepare the journal entry to record the issuance of the bonds on January 1, 2020.
2. At December 31, 2020, $8,000 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2020.
3. On January 1, 2022, when the carrying value of the bonds was $5,896,000, the company redeemed the bonds at 102. Record the redemption of the bonds assuming that interest for the period has already been paid.

Please show all work!

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.

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:

1. Compute the amount to be reported as sales in the 20X5 consolidated income statement.

2. Compute the amount to be reported as cost of goods sold in the 20X5 consolidated income statement.

3. What amount of income will be assigned to the noncontrolling shareholders in the 20X5 consolidated income statement?

4. What amount of income will be assigned to the controlling interest in the 20X5 consolidated income statement?

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?

The personnel office at a large electronics firm regularly schedules job interviews and maintains records of the interviews. From the past records, they have found that the length of a first interview is normally distributed, with mean μ = 37 minutes and standard deviation σ = 7 minutes. (Round your answers to four decimal places.)

Seventeen first interviews are usually scheduled per day. What is the probability that the average length of time for the seventeen interviews will be 40 minutes or longer?

The ED (ER) physicians in your hospital have recently suffered an increase of injuries from assaultive patients and family members. One doctor had to be hospitalized with head injuries after the most recent assault. Upon interview, co-workers inform you the security guard in the ED has been less visible of late. They have complained to the ED managers, to no avail. Create a brief plan for a root cause analysis of this latest incident and an injury prevention plan.

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

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

Company ehf. which produces high quality headphones has been in the marketing campaign for the past six years. To meet ever-increasing competition in this market, the CEO of Company ehf. that an ad campaign is needed next year to maintain the company's market share. At his request, the operating accountant has compiled the accompanying figures from the cost accounting for 2012 in order to prepare the marketing plan for next year, ie. 2013.

It is requested:

a) What will be the estimated operating income this year, ie.

B) What is the contribution margin per unit of contribution this year?

C) What is the break-even point in units this year?

D) The CEO believes that in order to achieve sales targets next year, ISK 1 million needs to be set. more advertising than this year, but other costs will remain unchanged. What then does the sales revenue need to be in 2013 in order for the business to be in balance (to break-even)?

E) What does the sales revenue need to be in 2013, e.g. this ISK 1 million advertising campaign, to have the same operating profits as expected this year?