What are your thoughts on Peter Singer's approach to non-humans and his distinctions between persons and non-persons? Explain.
In: Psychology
Ayayai Tool Company’s December 31 year-end financial statements contained the following errors. December 31, 2017 December 31, 2018 Ending inventory $10,500 understated $8,200 overstated Depreciation expense $2,400 understated — An insurance premium of $69,000 was prepaid in 2017 covering the years 2017, 2018, and 2019. The entire amount was charged to expense in 2017. In addition, on December 31, 2018, fully depreciated machinery was sold for $16,000 cash, but the entry was not recorded until 2019. There were no other errors during 2017 or 2018, and no corrections have been made for any of the errors. (Ignore income tax considerations.)
Compute the total effect of the errors on 2018 net income.
Compute the total effect of the errors on the amount of Ayayai’s working capital at December 31, 2018.
Compute the total effect of the errors on the balance of Ayayai’s retained earnings at December 31, 2018.
In: Accounting
2.For the year ended December 31, 2018, Fidelity Engineering reported pretax accounting income of $977,000. Selected information for 2018 from Fidelity’s records follows:
Interest income on municipal bonds $32,000
Depreciation claimed on the 2018 tax return in excess of depreciation on the income statement 55,000
Carrying amount of depreciable assets in excess of their tax basis at year-end 85,000
Warranty expense reported on the income statement 26,000
Actual warranty expenditures in 2018 16,000
Fidelity’s income tax rate is 40%. At January 1, 2018, Fidelity’s records indicated balances of zero and $12,000 in its deferred tax asset and deferred tax liability accounts, respectively.
Required:
1. Determine the amounts necessary to record income taxes for 2018, and prepare the appropriate journal entry.
2. What is Fidelity’s 2018 net income?
In: Accounting
RCK Ltd issues a prospectus inviting the public to subscribe for 90 million ordinary shares of $2.00 each. The terms of the issue are that $1.00 is to be paid on application and the remaining $1.00 within one month of allotment. Applications are received for 108 million shares during July 2018. The directors allot 90 million shares on 15 August 2018. All applicants receive shares on a pro rata basis. The amounts payable on allotment are due by 20 September 2018. By 20 September 2018 the holders of 18 million shares have failed to pay the amounts due on allotment. The directors forfeit the shares on 30 September 2018. The shares are resold on 15 October 2018 as fully paid. An amount of $2.00 per share is received. The balance of forfeited shares is refunded on 20 October 2018.
Required: Provide the journal entries necessary to account for the above transactions and events.
In: Accounting
Hazelton Corporation uses a periodic inventory system and the LIFO method to value its inventory. The company began 2018 with $84,100 in inventory of its only product. The beginning inventory consisted of the following layers:
| 4,700 units at $7 per unit | $ | 32,900 | |
| 6,400 units at $8 per unit | 51,200 | ||
| Total | $ | 84,100 | |
During 2018, 6,700 units were purchased at $9 per unit and during 2019, 8,400 units were purchased at $10 per unit. Sales, in units, were 8,400 and 14,800 during 2018 and 2019, respectively.
Required:
1. Calculate cost of goods sold for 2018 and 2019.
2. Disregarding income tax, determine the LIFO liquidation profit or loss, if any, for 2018 and 2019.
-Calculate cost of goods sold for 2018 and 2019.
-Disregarding income tax, determine the LIFO liquidation profit or loss, if any, for 2018 and 2019.?-
In: Accounting
Discuss the FIVE (5) key aspects that should be given importance by the business organizations including the Small and Medium Enterprises in managing and implementing computerized accounting system within the present dynamic and competitive environment.
Good marks will be awarded based on the relevant answers and examples provided where necessary into your discussion. In addition, your discussion should include the following:
In: Finance
Monitoring the Cost Of Money: Interest Rates
Interest rates, the cost of money, influence most all factors related to personal and corporate capital budgeting. The more obvious personal information for the cost of money is the rates associated with a mortgage or car loan. As a CFO you would “shop” interest rates to find the best rate for your financing needs.
1. Would you, as the CFO, finance your projects as soon as possible if the cost of capital was expected to drop? Please explain.
2. More importantly, where do you find the information to analyze expected changes in interest rates?
3. Please list references and in-text citations.
In: Finance
Please describe three analysis tools that can be used in capital budgeting decisions. Which of these do you believe provides the best information and the least beneficial information? Why? Be specific. As portfolio activities are to be self-reflective, please make sure to connect the portfolio assignment to: Your personal experiences. Reflect on how this assignment topic is applicable to and will benefit you. Course readings and any external readings. Discussion forum posts or other course objectives. The Portfolio Activity entry should be a minimum of 500 words and not more than 750 words. Use APA citations and references if you use ideas from the readings or other sources.
In: Accounting
This format should allow you more time to think about your answer. The length of your answers should range from 2-4 paragraphs, depending on the complexity of the question. Remember to use the readings and your class notes to answer the questions. Use citations/quotes and then go on to interpret and explain the quote in your own words.
Horwitz and Nelson both discuss the feminist methodology as one that starts with a critique of Cartesian dualism.Explain what Cartesian dualism is and how it informs feminist economics.Go on to analyze the way Horwitz describes this aspect of feminist economics as a critique of neoclassical theory and a potential bridge to Austrian economics
In: Economics
Requirements: Conduct research from viable and credible sources such as and not limited to economic journals, periodicals, books, databases, and websites. Make sure to have no less than five sources to support your ideas. In addition, include in-text citations, statistics, and graphs to support the credibility of your writing. minimum of 1200 words.
Topic: C) The Coronavirus has sparked global economic fears. What are these economic fears? What economic observations will be possible if the fears become a reality? Consider two major economies of the world and analyze their fiscal and monetary policy responses. Include economic data and/or graphs in order to maximize your score.
In: Economics