Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. 2016 Apr. 20 Purchased $37,000 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 9% annual interest along with paying $2,000 in cash. July 8 Borrowed $51,000 cash from NBR Bank by signing a 120-day, 11% interest-bearing note with a face value of $51,000. __?__ Paid the amount due on the note to Locust at the maturity date. __?__ Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $33,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 __?__ Paid the amount due on the note to Fargo Bank at the maturity date. Prepare journal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.)
1. Purchased $37,000 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system.
2. Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 9% annual interest along with paying $2,000 in cash.
3. Borrowed $51,000 cash from NBR Bank by signing a 120-day, 11% interest-bearing note with a face value of $51,000.
4. Paid the amount due on the note to Locust at the maturity date.
5. Paid the amount due on the note to NBR Bank at the maturity date.
6. Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $33,000.
7. Recorded an adjusting entry for accrued interest on the note to Fargo Bank.
In: Accounting
|
ARDUOUS COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) |
||||
| 2016 | 2015 | |||
| Assets | ||||
| Cash | $ | 116 | $ | 81 |
| Accounts receivable | 190 | 194 | ||
| Investment revenue receivable | 6 | 4 | ||
| Inventory | 205 | 200 | ||
| Prepaid insurance | 4 | 8 | ||
| Long-term investment | 156 | 125 | ||
| Land | 196 | 150 | ||
| Buildings and equipment | 412 | 400 | ||
| Less: Accumulated depreciation | (97) | (120) | ||
| Patent | 30 | 32 | ||
| $ | 1,218 | $ | 1,074 | |
| Liabilities | ||||
| Accounts payable | $ | 50 | $ | 65 |
| Salaries payable | 6 | 11 | ||
| Bond interest payable | 8 | 4 | ||
| Income tax payable | 12 | 14 | ||
| Deferred income tax liability | 11 | 8 | ||
| Notes payable | 23 | 0 | ||
| Lease liability | 82 | 0 | ||
| Bonds payable | 215 | 275 | ||
| Less: Discount on bonds | (22) | (25) | ||
| Shareholders’ Equity | ||||
| Common stock | 430 | 410 | ||
| Paid-in capital—excess of par | 95 | 85 | ||
| Preferred stock | 75 | 0 | ||
| Retained earnings | 242 | 227 | ||
| Less: Treasury stock | (9) | 0 | ||
| $ | 1,218 | $ | 1,074 | |
|
ARDUOUS COMPANY Income Statement For Year Ended December 31, 2016 ($ in millions) |
||||||
| Revenues and gain: | ||||||
| Sales revenue | $ | 410 | ||||
| Investment revenue | 11 | |||||
| Gain on sale of treasury bills | 2 | $ | 423 | |||
| Expenses and loss: | ||||||
| Cost of goods sold | 180 | |||||
| Salaries expense | 73 | |||||
| Depreciation expense | 12 | |||||
| Patent amortization expense | 2 | |||||
| Insurance expense | 7 | |||||
| Bond interest expense | 28 | |||||
| Loss on machine damage | 18 | |||||
| Income tax expense | 36 | 356 | ||||
| Net income | $ | 67 | ||||
| Additional information from the accounting records: | |
| a. |
Investment revenue includes Arduous Company’s $6 million share of the net income of Demur Company, an equity method investee. |
| b. |
Treasury bills were sold during 2016 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents. |
| c. |
A machine originally costing $70 million that was one-half depreciated was rendered unusable by a flood. Most major components of the machine were unharmed and were sold for $17 million. |
| d. |
Temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $3 million. |
| e. |
The preferred stock of Tory Corporation was purchased for $25 million as a long-term investment. |
| f. |
Land costing $46 million was acquired by issuing $23 million cash and a 15%, four-year, $23 million note payable to the seller. |
| g. |
The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $82 million. |
| h. | $60 million of bonds were retired at maturity. |
| i. |
In February, Arduous issued a 4% stock dividend (4 million shares). The market price of the $5 par value common stock was $7.50 per share at that time. Also the company paid a cash dividend. |
| j. |
In April, 1 million shares of common stock were repurchased as
treasury stock at a cost of $9 million. required: Prepare Statement Cash Flow using the indirect method |
In: Accounting
Stevens Textile Corporation's 2016 financial statements are shown below:
Balance Sheet as of December 31, 2016 (Thousands of Dollars)
| Cash | $ 1,080 | Accounts payable | $ 4,320 | |
| Receivables | 6,480 | Accruals | 2,880 | |
| Inventories | 9,000 | Line of credit | 0 | |
| Total current assets | $16,560 | Notes payable | 2,100 | |
| Net fixed assets | 12,600 | Total current liabilities | $ 9,300 | |
| Mortgage bonds | 3,500 | |||
| Common stock | 3,500 | |||
| Retained earnings | 12,860 | |||
| Total assets | $29,160 | Total liabilities and equity | $29,160 |
Income Statement for January 1 - December 31, 2016 (Thousands of Dollars)
| Sales | $36,000 |
| Operating costs | 32,440 |
| Earnings before interest and taxes | $ 3,560 |
| Interest | 460 |
| Pre-tax earnings | $ 3,100 |
| Taxes (40%) | 1,240 |
| Net income | $ 1,860 |
| Dividends (45%) | $ 837 |
| Addition to retained earnings | $ 1,023 |
| Total assets | $ |
| AFN | $ |
In: Finance
Learning Objectives:
● review implementing the interface Comparable<T>
● programming against interfaces not objects.
● review reading in data from a file
● use the internet to learn about the interface Comparator<T>
● use a Comparator to provide an alternative way to order elements in a
collection
Description:
Turn in:
Turn in the assignment via Canvas
Create a package called booksthat includes 3 files: Book.java, BookApp.java, and books.csv (provided).
Class Book represents Pulitzer prize winning
books that have a title, an author and a year, when they
won the award. Implement the class Book exactly as specified in the
UML diagram below.
You are allowed to create private methods to structure your code,
but fields, constructors, and public methods must not be changed
nor added or removed.
Notice that class Book implements the interface
Comparable<T>. The method specified in the interface
is not listed in the UML class diagram of class Book. However, the
fact that Book implements Comparable<T> implies that the
interface method needs to be implemented.
The interface Comparable<T> implements the natural order. In
case of class Book it should sort by title.
Also notice that class Book is immutable. It has getters but no setters.
Method toString:
The toString method should return a string of the following
form: name by author ( year )
Make sure to include the @Override annotation
Method getList:
Note that the method getList is underlined. Underlining a method
in a UML class diagrams indicates that the method is static.
The method getList should readin the data from the csv file
book.csv. If a line doesn’t follow the pattern
title,author,yearthen a message should be written to the
standard error stream (see sample output) The program should
continue reading in the next line. NO exception should be thrown
.
Please note that the sample output is only provided to help clarify the instructions. The program still needs to fulfill all the requirement when I test it with another csv file (e.g. where all lines are correct or other lines have an issue)
Write a test client called BookApp.java
● It should read in the data from the file book.csv. Two lines have an issue. Treat them as described above.
● Print the number of books that were read in.
Make sure to determine the number of books at run time. I will test your code with a different csv file.
● Sort the list in natural order and print the list
● Sort the books in the list in reverse order using a Comparator<T>that is provided in class Collections
● List the book in the newly reversed order
Sample Output:
Problem reading in "No Pulitzer prize for fiction was awarded in 2012" Problem reading in "The Brief, Wondrous Life of Oscar Wao,Junot Diaz,2008" Number of books read in: 14
Sorted book list:
A Visit from the Goon Squad by Jennifer Egan (2011)
Empire Falls by Richard Russo (2002)
Gilead by Marilynne Robinson (2005)
Interpreter of Maladies by Jhumpa Lahiri (2000)
March by Geraldine Brooks (2006)
Middlesex by Jeffrey Eugenides (2003)
Olive Kitteridge by Elizabeth Strout (2009)
The Amazing Adventures of Kavalier & Clay by Michael Chabon
(2001) The Goldfinch by Donna Tartt (2014)
The Hours by Michael Cunningham (1999)
The Known World by Edward P. Jones (2004)
The Orphan Master's Son by Adam Johnson (2013)
The Road by Cormac McCarthy (2007)
Tinkers by Paul Harding (2010)
Reverse order:
Tinkers by Paul Harding (2010)
The Road by Cormac McCarthy (2007)
The Orphan Master's Son by Adam Johnson (2013)
The Known World by Edward P. Jones (2004)
The Hours by Michael Cunningham (1999)
The Goldfinch by Donna Tartt (2014)
The Amazing Adventures of Kavalier & Clay by Michael Chabon
(2001) Olive Kitteridge by Elizabeth Strout (2009)
Middlesex by Jeffrey Eugenides (2003)
March by Geraldine Brooks (2006)
Interpreter of Maladies by Jhumpa Lahiri (2000)
Gilead by Marilynne Robinson (2005)
Empire Falls by Richard Russo (2002)
A Visit from the Goon Squad by Jennifer Egan (2011)
In: Computer Science
You have been given the unadjusted trial balance for the Bogie & Bacall Company (“B&B”) as of 12/31/2016. B&B prepares financial statements annually. Your required tasks are as follows:
1. On the designated worksheet, prepare in journal entry form the adjusting journal entries for the following items. Letter entries to correspond to the below information and present them in alphabetical order. (Round all numbers to the nearest dollar)
a. On April 1, 2016 B&B paid Lorre Advertising $48,000 for two years of advertising services. Equal services are provided in year 1 and year
2. b. B&B needed some additional storage space so on July 1, 2016 they rented a unit for an annual rate of $10,200. The entire amount was expensed when paid.
c. $4,250 of store supplies were purchased during the year and the asset Store Supplies was increased. $3,000 of these supplies were used during the year.
d. $6,500 of office supplies were purchased during the year and were immediately expensed. A count of the office supplies on hand December 31, 2016, indicates a balance of $1,250.
e. On August 1, 2016, B&B issued a 9-month note receivable to Greenstreet & Co. at an annual interest rate of 6%. Principal and interest will be paid at the end of the 9-months. The note was recorded in Notes Receivable and is the only note outstanding.
f. Sales salaries of $4,800 and office salaries of $5,500 had been earned and remained unpaid at 12/31/16.
g. On December 1, 2016, B&B rented a portion of one store to Paul Henreid Co. The contract was for 6 months and B&B required the 6 months of cash upfront on December 1st. The rent is being earned equally over the next 6 months. When cash was received, unearned rent was appropriately recorded.
h. On May 1, 2016, B&B collected $19,200 for consulting services to be performed from May 1, 2016 to April 30, 2017. The company credited the revenue account when the cash was received.
i. At 12/31/2016, based on the aging method, B&B determines that uncollectible accounts are $5,250.
In: Accounting
[The following information applies to the questions displayed below.]
Selected comparative financial statements of Korbin Company follow:
| KORBIN COMPANY | |||||||||
| Comparative Income Statements | |||||||||
| For Years Ended December 31, 2018, 2017, and 2016 | |||||||||
| 2018 | 2017 | 2016 | |||||||
| Sales | $ | 444,857 | $ | 340,797 | $ | 236,500 | |||
| Cost of goods sold | 267,804 | 215,043 | 151,360 | ||||||
| Gross profit | 177,053 | 125,754 | 85,140 | ||||||
| Selling expenses | 63,170 | 47,030 | 31,218 | ||||||
| Administrative expenses | 40,037 | 29,990 | 19,630 | ||||||
| Total expenses | 103,207 | 77,020 | 50,848 | ||||||
| Income before taxes | 73,846 | 48,734 | 34,292 | ||||||
| Income tax expense | 13,735 | 9,990 | 6,961 | ||||||
| Net income | $ | 60,111 | $ | 38,744 | $ | 27,331 | |||
| KORBIN COMPANY | |||||||||
| Comparative Balance Sheets | |||||||||
| December 31, 2018, 2017, and 2016 | |||||||||
| 2018 | 2017 | 2016 | |||||||
| Assets | |||||||||
| Current assets | $ | 46,886 | $ | 36,682 | $ | 49,036 | |||
| Long-term investments | 0 | 900 | 3,460 | ||||||
| Plant assets, net | 89,807 | 95,152 | 57,474 | ||||||
| Total assets | $ | 136,693 | $ | 132,734 | $ | 109,970 | |||
| Liabilities and Equity | |||||||||
| Current liabilities | $ | 19,957 | $ | 19,777 | $ | 19,245 | |||
| Common stock | 64,000 | 64,000 | 46,000 | ||||||
| Other paid-in capital | 8,000 | 8,000 | 5,111 | ||||||
| Retained earnings | 44,736 | 40,957 | 39,614 | ||||||
| Total liabilities and equity | $ | 136,693 | $ | 132,734 | $ | 109,970 | |||
Required:
1. Complete the below table to calculate each year's current ratio.
|
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2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)
|
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3. Complete the below table to calculate the balance sheet data in trend percents with 2016 as the base year. (Round your percentage answers to 2 decimal places.)
|
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In: Accounting
AX Development Ltd purchased machinery on 1 April 2016 for $1 200 000; it had an estimated useful life of 12 years. AX Development uses the cost model and the straight-line method for depreciation. On 31 March 2018, the fair value less costs to sell for the machinery is $890 000, and the value-in-use is estimated to be $900 000. On 31 March 2019, the fair value less costs to sell for the machinery is $820 000, and the value-in-use is estimated to be $800 000.
(i) At 31 March 2018, prepare the journal entry to recognise the impairment loss. Show all workings.
(ii) Prepare the PPE section, in the Statement of Financial Position as at 31 March 2018, after recognising the impairment loss. What should your carrying amount be equal to?
(iii) What is the new annual depreciation rate for the machinery for the year ending 31 March 2019?
(iv) At 31 March 2019, prepare the journal entry to recognise the reversal of the impairment loss.
(v) Prepare the PPE section, in the Statement of Financial Position as at 31 March 2019, after the reversal of the impairment loss. What should your carrying amount be equal to?
(vi) What is the new annual depreciation rate for the machinery for the year ending 31 March 2020?
In: Accounting
.Leadership Models for Health Care Managers
Transformational Leadership
This week, , you will write an essay in which you discuss transformational leadership.
• Watch James MacGregor Burns on Leadership. https://www.youtube.com/watch?v=bugXWk820B8
• Referencing the video and your textbook readings for this week, write an essay in which you:
*Comment on how watching and listening to a primary, conceptual developer of the transformational leadership theory has enhanced your understanding of this approach in its underpinnings as well as the breadth and scope of its application.
*In particular, discuss the aspects of intended change and lasting change.
*How might you, as a leader, use aspects of this theory in your leadership practice?
*Support your ideas with detailed examples or evidence from the video, your textbook, or a peer-reviewed journal .
Your essay should be 3 pages in length and follow APA formatting and citation.
Support your opinions with detailed examples or information from your textbook or a peer-reviewed journal
Your essay should be 2-3 pages in length and follow APA formatting and citation.
Your textbook may be used as a reference.
The APA format for your text is as follows: Northouse, P. G. (2016). Leadership: Theory and practice (7th ed.). Thousand Oaks, CA: Sage.
In: Nursing
2) In anova the f-ration is of?
a) sample mean (M)
b) sample means (M) divided by variances (SS)
c) Two variances (SS) each divided by a corresponding degree of freedom (df)
d) Sample variances (SS) divided by sample means (M)
3) For an independent measures research study, Cohen's d helps to describe?
a) The risk type I error
b) The risk for type II error
c) The size of the effect between two samples means without taking into account sample size
d) whether the difference between sample means is due to Type I error rate
5) Under what circumstances are post hoc tests necessary?
a) when you reject the null hypothesis with exactly 2 treatment conditions
b) when you reject the null hypothesis with 3+ treatment conditions
c) when you fail to reject the null hypothesis with exactly 2 treatment conditions
d) when you fail to reject the null hypothesis with 3+ treatment conditions
15) A researcher report that there is a significant between two treatments at the .05 level of significance. This means that
a) if the researcher repeated the experiment there is a 95% probability that the same decision would be reached
b) the difference obtained in the experiment is at least 5% larger than the standard error
c) there is a 5% probability (or less) that the difference occurred simply by chance without any treatment and you committed a type I error
d) The average score for one treatment is at least 5% higher than the average score for the other treatment
21) For which of the following situations would a repeated-measures study be appropriate?
a) Compare attitude score for males v. females
b) Compare personality scores for indivituals diagnosed with eating disorder
c) Compare salary levels for indivituals with and without college degrees
d) compare reaction times before and after taking a pain medication
23) The purpose of a post hoc test is
a) To determine whether of not a Type I error was committed
b) To determine how much difference exists between variances
c) To determine which treatment means are significantly different in a design with 3+ treatments
d) To determine whether a Type II error was committed
In: Statistics and Probability
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators.
The following table presents information from the household surveys conducted for November 2017 and, for purposes of comparison, November 2016. The numbers in the table are listed in thousands. For example, the number of unemployed in the table for November 2017 indicates that about 6.6 million people were unemployed at that time.
Use the information lists that follow the table to help you fill in the missing values in the table.
|
November |
||
|---|---|---|
|
2016 |
2017 |
|
| Civilian noninstitutional population | 254,540 | 255,949 |
| Civilian labor force | 159,457 | 161,327 |
| Participation rate | 62.6% | |
| Employed | 152,048 | 153,918 |
| Employment–population ratio | 59.7% | |
| Unemployed | 7,409 | 6,610 |
| Official unemployment rate | 4.6% | |
| Unemployed 15 weeks or more | 2,929 | 2,514 |
| U-1 labor underutilization | 1.8% | |
| Discouraged workers | 5,837 | 5,238 |
| U-4 labor underutilization | 8.0% | |
The following list shows you how to compute the statistics most commonly used to indicate the health of an economy:
| • | The participation rate is the percentage of the working-age population in the labor force—either employed or searching for employment. In November 2016, the participation rate was 159,457254,540×100=62.6%159,457254,540×100=62.6%. |
| • | The employment–population ratio is the percentage of the working-age population that is employed. In November 2016, the employment-population ratio was 152,048254,540×100=59.7%152,048254,540×100=59.7%. |
| • | The official unemployment rate is the percentage of the labor force that does not have a job but is actively searching for employment. In November 2016, the official unemployment rate was 7,409159,457×100=4.6%7,409159,457×100=4.6%. |
To get a more accurate picture of underemployment in the economy, the BLS calculates several alternative measures of labor underutilization:
| • | The U-1 measure of labor underutilization measures the percentage of the labor force that has been unemployed for 15 weeks or more at the time of the household survey. In November 2016, U-1 was 2,929159,457×100=1.8%2,929159,457×100=1.8%. |
| • | Another measure, the U-4 measure of labor underutilization, treats discouraged workers as though they were unemployed and part of the labor force. To calculate U-4, the BLS divides the sum of unemployed and discouraged workers by the sum of the labor force and discouraged workers. In November 2016, U-4 was 7,409+5,837159,457+5,837×100=8.0%7,409+5,837159,457+5,837×100=8.0%. |
Based on the numbers in the previous table, indicate whether each of the following statements accurately describes the differences in the employment situation between November 2016 and November 2017.
|
Statement |
True |
False |
|
|---|---|---|---|
| The U-1 and U-4 measures of labor underutilization were lower in November 2017 than they were in November 2016. | |||
| In November 2017, a larger fraction of the civilian noninstitutional population was employed than in November 2016. | |||
| The typical unemployed worker in November 2017 was more likely to have been unemployed for 15 weeks or more than the typical unemployed worker in November 2016. | |||
| A smaller number of jobless people who wanted a job and were available to work had given up on their job search in November 2017 compared to November 2016. | |||
| A smaller fraction of the civilian noninstitutional population was in the labor force in November 2017 than in November 2016. |
The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.
Excluding discouraged workers from the official unemployment rate may cause the official rate to the true extent of unemployment
In: Economics