|
On July 1, 20x1, Max company acquired equipment for $1,500,000. Its estimated life was 5 years or 40,000 hours. The residual value was estimated as $100,000. |
40. What was the balance in Accumulated Depreciation on December 31, 20x2 if Max company used the S/L method?
A. $140,000
B. $280,000
C. $420,000
D. $560,000
|
Your answer (A, B, C, or D) |
Show your calculation in detail.
41. What was the balance in Accumulated Depreciation on December 31, 20x2 if Max company used the DDB method?
A. $300,000
B. $600,000
C. $780,000
D. None of the above
|
Your answer (A, B, C, or D) |
Show your calculation in detail.
In: Accounting
With the economic uncertainty and job insecurity due to the COVID-19 crisis, many consumers may increase their saving as a precautionary measure. Explain in detail the predicted long-run impact of an increase in national saving on the domestic interest rate, net capital outflow, supply and demand of domestic currency and exchange rate in a large open economy, holding other factors constant. Explain your answer clearly in words. Do not provide diagrams. (125 words maximum)
In: Economics
Stockholders' Equity
Common stock, no par value; authorized, 20,000,000 shares;
Issued and outstanding, 4,000,000 shares $32,000,000
Retained earnings 55,000,000
$87,000,000
The following events occurred during 2020:
Jan. 15 45,000 shares of authorized and unissued common stock sold for $8 per share.
Jan. 26 Declared a cash dividend of 12 cents per share, payable February 25 to stock-holders of record on February 15.
Feb. 19 40,000 shares of authorized and unissued common stock sold for $12 per share.
May 1 Declared a 30% stock dividend, distributable to shareholders of record May 15 and distributable June 1. Market value per share is currently $15.
August 1 A three-for-two split was carried out. Market value on July 31 was $18 per share.
Oct. 1 Declared a 20 cents per share cash dividend, payable November 1 to stockholders of record on October 15.
REQUIRED: Prepare all of the
journal entries, including any necessary closing entries needed for
the above events for the year. If no entry is needed, state “No
Entry” and explain why.
Use the information in Problem 1, and assume that pats Corporation has net income of $7,500,000 during the year
REQUIRED: Construct in good form, the stockholders’ equity section of the balance sheet as of December 31, 2020.
In: Accounting
Light from a red laser (650 nm) is incident on two slits separated by 0.5 mm. Each slit is 0.25 mm wide. Quantitatively sketch the pattern you would observe on a screen that is located 2.0 m from the slits. Your sketch should range from -10 mm to 10 mm and include only the fringes you would observe. (Label the locations of the fringes) PLEASE EXPLAIN THOROUGHLY!!!!
In: Physics
For ALL problems, state hypotheses, in words and symbols and give me everything listed below. Use SPSS when appropriate but DO NOT print out and turn in SPSS output. Instead, just read the critical information out of SPSS and report: obtained t-statistic, probability of obtaining that statistic under the null (p-value), decision to reject null or not, interpretation of results in words, and report measure of effect size if appropriate.
Wheel group: 320, 240, 400, 390, 270, 300, 320, 409, 380, 460
In: Physics
QUESTION 1. Access the glossary (“Master Glossary”) to answer the following: According to the definition for inventory, what are the three characteristics of tangible personal property that qualify items to be classified as inventory? What is specifically excluded from being defined as inventory?
QUESTION 2. According to ASC 470-40-05-02, what is a sale with a repurchase agreement considered? What term is often used to describe these type of transactions? (hint: it’s in the textbook in Chapter 8 and I discussed this in class) FOR
QUESTIONS 3-5, provide Codification references in format of ASC XXX-YY-ZZ-** where XXX represents the Topic number, YY the Subtopic number, ZZ the Section number, ** the paragraph number QUESTION 3. According to the Codification, what is given as an example of an exceptional case when it is acceptable to state inventory, after initial measurement, above cost?
QUESTION 4. Where in the Codification does it state that the SEC requires the disclosure, either in the balance sheet or in the notes, of the amounts of major classes of inventory such as finished goods, inventoried costs relating to long-term contracts or programs, work in process, raw materials, etc.?
QUESTION 5. Your audit client, Footlocker, wants to revalue its inventory of Kobe Bryant jerseys to reflect their new, higher sales price. Is this permissible under U.S. GAAP? Quote the relevant language from the Codification in explaining your answer and include the relevant Codification references in XXX-YY-ZZ-** forma
In: Accounting
In debian and in red hat how would you update a package with file1.1.deb and file1.1.rpm respectively?
Use linux
In: Computer Science
What is your favorite color? A large survey of countries,
including the United States,
China, Russia, France, Turkey, Kenya, and others, indicate that
most people prefer the color
blue. In fact, about 24% of the population claim blue as their
favorite color (Reference: Study by
J. Bunge and A. Freeman-Gallant, Statistics Center, Cornell
University). Suppose a random
sample of 56 college students were surveyed and 12 of them said
that blue is their favorite
color. Does this information imply that the color preference of all
college students is different
from that of the general population? Use 5% level of
significance.
a. Identify the underlying distribution and state why.
b. State the null hypothesis.
c. State the alternative hypothesis.
d. Circle one: One Tail Test / Two Tail Test.
e. State the critical value for the hypothesis test.
f. Illustrate graphically the rejection region.
g. Compute the test statistic.
h. Find the p-value for the test statistic.
i. Give the significant statement for the hypothesis test: At the
________ level of significance,
there is ______________________ evidence to reject the null
hypothesis.
j. State the critical value for the estimation of the confidence
interval.
k. Construct a 95% confidence interval for the true proportion of
people who prefer color blue.
i. Margin of error:
ii. Confidence Interval:
l. Give the confidence statement for the confidence interval: I am
_________ confident that the
true ____________________ of individuals who prefer color blue is
between ____________
and ______________.
In: Statistics and Probability
Please explain as detail as possible.
a. Explain the assumptions used when formulating heat capacity based on classical theory, Einstein's model and Debye's model!
b. Under what conditions the three theories / models of heat capacity formulation give the same results?
c. Describe how the influence of the types of chemical bonds on condensed materials on their mechanical and electrical properties!
d. Explain how the mechanism of electron transport in metal!
In: Physics
Please explain as detail as possible.
a. Explain the assumptions used when formulating heat capacity based on classical theory, Einstein's model and Debye's model!
b. Under what conditions the three theories / models of heat capacity formulation give the same results?
c. Describe how the influence of the types of chemical bonds on condensed materials on their mechanical and electrical properties!
d. Explain how the mechanism of electron transport in metal!
In: Physics