Questions
The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2019. The accounting...

The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2019. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel: (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.)

  1. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition.
  2. Land A and Building A were acquired from a predecessor corporation. Thompson paid $892,500 for the land and building together. At the time of acquisition, the land had a fair value of $117,600 and the building had a fair value of $862,400.
  3. Land B was acquired on October 2, 2019, in exchange for 3,800 newly issued shares of Thompson’s common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $33 per share. During October 2019, Thompson paid $11,200 to demolish an existing building on this land so it could construct a new building.
  4. Construction of Building B on the newly acquired land began on October 1, 2020. By September 30, 2021, Thompson had paid $290,000 of the estimated total construction costs of $380,000. Estimated completion and occupancy are July 2022.
  5. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $19,200 and the residual value at $2,800.
  6. Equipment A’s total cost of $101,000 includes installation charges of $630 and normal repairs and maintenance of $12,700. Residual value is estimated at $4,600. Equipment A was sold on February 1, 2021.
  7. On October 1, 2020, Equipment B was acquired with a down payment of $4,800 and the remaining payments to be made in 10 annual installments of $4,800 each beginning October 1, 2021. The prevailing interest rate was 7%.


Required:

Supply the correct amount for each answer box on the schedule.
(Round your intermediate calculations and final answers to the nearest whole dollar.)

THOMPSON CORPORATION

Fixed Asset and Depreciation Schedule

For Fiscal Years Ended September 30, 2020, and September 30, 2021

Assets

Acquisition Date

Cost

Residual

Depreciation Method

Estimated Life in Years

Depreciation for Year Ended 9/30

2020

2021

Land A

10/1/2019

N/A

not applicable

N/A

N/A

N/A

Building A

10/1/2019

$75,000

Straight-line

$14,800

Land B

10/2/2019

N/A

not applicable

N/A

N/A

N/A

Building B

Under construction

290,000 to date

Straight-line

30

Donated Equipment

10/2/2019

2,800

200% Declining balance

10

Equipment A

10/2/2019

4,600

Sum-of-the years’-digits

8

Equipment B

10/1/2020

Straight-line

15

In: Accounting

The NetCare Company, which operates assisted-living facilities, is planning to issue or sell shares of stock...

  1. The NetCare Company, which operates assisted-living facilities, is planning to issue or sell shares of stock to accredited investors. Briefly explain whether each of the following individuals would qualify as an “accredited investor” under the SEC’s Reg. D. [Note: Materials in Appendix B are useful in answer this exercise.]
    1. Amy Smith is the chief executive officer (CEO) of NetCare Company.
    2. Bruce Jones, who has a net worth of $750,000 , is planning to purchase shares of stock to be issued by NetCare Company.
    3. Jean Wu also is considering purchasing shares of stock that will be issued by NetCare Company. Jean’s annual income has been $250,000 in each of the past two years, and she expects to have a comparable amount of income next year.
    4. James Shastri is a software programmer for NetCare Company.
    5. Julie Kukoc recently inherited some financial assets and now has a net worth of $2 million with an annual income of $35,000.

In: Finance

I cannot get this code to run on my python compiler. It gives me an expected...

I cannot get this code to run on my python compiler. It gives me an expected an indent block message. I do not know what is going on.


#ask why this is now happenning. (Create employee description)
class employee:
def__init__(self, name, employee_id, department, title):
self.name = name
self.employee_id = employee_id
self.department = department
self.title = title

def __str__(self):
return '{} , id={}, is in {} and is a {}.'.format(self.name, self.employee_id, self.department, self.title)


  
def main():
# Create employee list
emp1 = Employee(name='Susan Meyers', employee_id='47899', department='Accounting', title='Vice President')
emp2 = Employee(name='Mark Jones', employee_id='39119', department='IT', title='Programmer')
emp3 = Employee(name='Joy Rogersr', employee_id='81774', department='Manufacturing', title='Engineer')

print(emp1, sep='/n/n')
print(emp2, sep='/n/n')
print(emp3, sep='/n/n')
  
if __name__=="__main__":
main()

In: Computer Science

1. A and B purchase unimproved land as cotenants. In each of the following alternatives, determine...

1. A and B purchase unimproved land as cotenants. In each of the following alternatives, determine whether A and B have created an “entity” for tax purposes: a. They hold the land for appreciation; b. They lease the land to Z who uses the land for farming; c. They construct a motel on the land and hire C to manage the motel for them. 2. A, B and C have decided to leave their current positions as software designers in a large company and to start up their own firm. A and B have been very successful and are now quite wealthy. C, on the other hand, is a brilliant young programmer who is still paying off student loans. Although A and B both plan to invest capital in the new firm, they hope to eventually attract additional outside investors. They have come to you for advice in setting up their new venture. What are their options in choosing a business entity, and what considerations should they take into account in making that choice?

In: Accounting

1. Face-to-face interaction in negotiations has been found to: 2. The most critical barrier to a...

1. Face-to-face interaction in negotiations has been found to:

2. The most critical barrier to a creative decision is:

3. How can a sure loss be presented in a less unattractive way?

4. What explanation does the book provide for the fact that people are loss-averse, but still accept the sure loss of paying insurance?

5. A product’s transactional utility is contingent upon:

6. A rational valuation of an asset is based on:

7. A software company is looking to recruit a new programmer. There are two candidates for the position. The candidates’ Grade Point Averages are given, along with the number of programs each of them has written.  

  1. Candidate X has a GPA of 4.0. His experience consists of writing 10 programs.
  2. Candidate Y has a GPA of 3.2. His experience consists of writing 70 programs.

According to the evaluability hypothesis, which of the candidates will be preferred in case they are evaluated separately, and why?

In: Operations Management

In C write a program that asks the user for the dimensions of 3 sides of...

In C write a program that asks the user for the dimensions of 3 sides of a triangle. Each side dimension must be between 1.00 and 100.00 including 1.00 and 100.00. If the side dimensions indeed can make a valid triangle then the program should use these values to determine the perimeter and the area of the valid triangle

1. Must use programmer define functions 2. Your program must have at least 4 functions, main and the following 3 functions: o Function to validate the range of values required for each side o Function to validate if the triangle is a valid triangle o Function to calculate the area 3. These functions must be written as generic as possible. They must not display anything 4. Must use C math functions 5. Input values must be between 1.00 and 100.00 including 1.00 and 100.00 6. Only one digits after the decimal point for your output

In: Computer Science

Hi, I need the HTML5 code for the below. About Me **Would like to add a...

Hi, I need the HTML5 code for the below.

About Me

**Would like to add a image of a plane or something related to travel here.

Mia Jo

I am taking this class to earn my Computer programmer CL1.

Things I Like to Do:

  • Spend time with family
  • Traveling
  • People Watch

Places I Want to Go or Have Visited:

Dubai- December'18 Enjoyed shopping and the desert safari the most.

Cuba- August '18 Enjoyed learning about the culture and history.

China- plan to visited next year!!! I can't wait to see the Great Wall of China!

Iceland- At the top of my bucket list.

Education:

I am a second semester student at Star College.

My Goals:

  • To earn my AAS degree.
  • See as much of the world as possible

Favorite Website:

https://www.travelchannel.com

Contact Information:

555 on my way st • Houston, TX 77339 • (218) 555-1212

In: Computer Science

JAVA Write a Java console application that prompts the user to enter the radius of a...

JAVA

Write a Java console application that prompts the user to enter the radius of a circle, then prints its radius, diameter, circumference, and area.

The Console Output

Enter the radius of the circle: 1.2

The radius is 1.2
The diameter is 2.4
The circumference is 7.5398223686155035
The area is 4.523893421169302

Programmer Notes

  • Write and document your program per class coding conventions.
  • Add an instance variable double radius. Generate its get/set methods.
  • Manually type the methods getDiameter(), getCircumference(), and getArea(). To calculate the circumference and area, use 3.14159 or the Java defined constant Math.PI
  • In main method, create a new instance of Assign3: Assign3 circle = new Assign3();
  • Create an instance of Scanner. Call print() to prompt the user to enter the radius. Call input.nextDouble() to get the user input. Call circle.setRadius() to set the radius.
  • Then call println() 4 times, each with the value of getRadius, getDiameter, getCircumference, getArea, respectively.

In: Computer Science

C++ language Using classes (OOD), design a system that will support lending various types of media...

C++ language

Using classes (OOD), design a system that will support lending various types of media starting with books. Program should be able to handle a maximum of 500 books. Program should meet at least the following requirements:

1. Define a base media class with a book class derived from it. (Specific class names determined by programmer.)

2. The classes should contain at least the following information: title, up to four authors, ISBN.

3. Define a collection class that will hold up to 500 books.

4. The program should be able to perform the following operations supported by the class definitions:

a) Load data from a drive

b)Sort and display the books by title

c)Sort and display the books by author

d)Add and remove books

Programming requirements: Must include examples of inheritance and composition

~~~Function/Class comments (Description, pre and post conditions)

~~~Internal comments for all functions

In: Computer Science

23) All of the following are true about the Patient Protection and Affordable Care Act of...

23) All of the following are true about the Patient Protection and Affordable Care Act of 2010 EXCEPT that ________.

A) individuals cannot be denied health insurance because of a pre-existing condition

B) insurance companies cannot cancel a policy if the insured becomes sick

C) individuals who do not purchase health insurance will be fined

D) children over 21 cannot remain on their parents' policy

29) Most union organizers will NOT continue their organizing efforts unless at least ________ percent of the workers in the workgroup sign authorization cards.

A) 30

B) 40

C) 70

D) 100

30) In conducting a legal campaign to discourage employees from voting for the union, management would most likely ________.

A) tell workers the benefits of remaining union-free

B) threaten workers with loss of their jobs to influence the votes

C) incite racial or religious prejudice by making inflammatory campaign appeals

D) give workers a paid holiday on the day of the vote

31) Mandatory bargaining issues are those which ________.

A) fall within the definition of wages, hours, and other terms and conditions of employment

B) may be raised, but neither side may insist that they bargained over

C) are outlawed, such as the closed shop

D) involve company goals and strategies

35) If union members should reject the proposed labor agreement, ________.

A) the labor contract is void

B) the union's status is in jeopardy

C) it is a clear sign of management victory

D) a new round of negotiations must begin

37) Which of the following is an exception made by courts regarding the employment-at-will doctrine?

A) prohibiting termination on the grounds of public policy

B) permitting claims based on good faith and fair dealing

C) permitting employees to bring claims based on statements made in employment handbooks

D) all of the above

In: Operations Management