Missing Statement Items, Available-for-Sale Securities

Oceanic Airways makes investments in available-for-sale securities. Selected income statement items for the years ended December 31, 2016 and 2017, plus selected items from comparative balance sheets, are shown in the income statement and balance sheet below: (There were no dividends.)

Determine the missing items. If required, use the minus sign to indicate a net or operating loss, unrealized losses, or a credit balance in the valuation allowance account.

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Rachel Corporation was started in 2015 with a cash investment of $20,000. You are presented with the following accounts for Rachel (in thousands):

Prepare a multiple-step income statement for both 2016 and 2015.

Prepare a classified balance sheet for both 2016 and 2015.

Was there a dividend paid in 2016? If so, what was the amount of the dividend?

For the most recent year, prepare the cash flow identity for Rachel Corporation.

For the most recent year, prepare the statement of cash flows for Rachel Corporation.

What conclusions might be drawn from what you have compiled?

Braddock Inc. had the following long-term receivable account balances at December 31, 2016.

Note receivable from sale of division $1,500,00

Note receivable from officer $400,000

Transactions during 2017 and other information relating to Braddocks long-term recievables were as follows.

1. The $1,500,000 note receivable is dated May 1, 2016, bears interest at 9%, and represents the balance of the consideration recieved from the sale of Braddock's electronics divison to New York Company. Principal payments of $500,000 plus appropriate interest are due on May 1, 2017, 2018, and 2019. The first principal and interest payment was made on May 1, 2017. Collection of the note installments is reasonably assured.

a) Prepare all journal entries related to this note for 2016 and 2017. For the journal entry to record the note issuance credit "Miscellaneous Accounts."

b) How much interest revenue would Braddock report related to this note in 2016?

c) How much interest revenue would Braddock report related to this note in 2017?

d) How much interest receivable would Braddock report reltaed to this note in 2016?

e) What is the current portion of this Notes Receivables at 12/31/2017?

At December 31, 2016, Stacy McGill Corporation reported current assets of $370,000 and current liabilities of $200,000. The following items may have been recorded incorrectly.

1. Goods purchased costing $22,000 were shipped f.o.b. shipping point by a supplier on December 28. McGill received and recorded the invoice on December 29, 2016, but the goods were not included in McGill’s physical count of inventory because they were not received until January 4, 2017.

2. Goods purchased costing $15,000 were shipped f.o.b. destination by a supplier on December 26. McGill received and recorded the invoice on December 31, but the goods were not included in McGill’s 2016 physical count of inventory because they were not received until January 2, 2017.

3. Goods held on consignment from Claudia Kishi Company were included in McGill’s December 31, 2016, physical count of inventory at $13,000.

4. Freight-in of $3,000 was debited to advertising expense on December 28, 2016.

Required:

a.) Compute the current ratio based on McGill's Balance Sheet

b.) Recompute the current ration after corrections are made.

c.) By which amount will income (before taxes) be adjusted up or down as a result of the corrections?

Blaylock Company provided the following partial comparative balance sheets and the income statement for 2016.

Concord Corporation enters into a 6-year lease of equipment on December 31, 2016, which requires 6 annual payments of $37,100 each, beginning December 31, 2016. In addition, Concord guarantees the lessor a residual value of $20,900 at the end of the lease. However, Concord believes it is probable that the expected residual value at the end of the lease term will be $10,900. The equipment has a useful life of 6 years.

Prepare Concords' December 31, 2016, journal entries assuming the implicit rate of the lease is 10% and this is known to Concord. (Credit account titles are automatically indented when amount is entered. Do not indent manually. For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 0 decimal places e.g. 5,275.)

I need help on finding both the credit and debit of Right-of-Use Asset and Lease Liability please. Please show work as well, Thank you! Be safe out there!

On June 30, 2016, Blue, Inc., leased a machine from Big Leasing Corporation. The lease agreement qualifies as a capital lease and calls for Blue to make semiannual lease payments of $214,208 over a four-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2016. Blue’s incremental borrowing rate is 12%, the same rate Big uses to calculate lease payment amounts. Depreciation is recorded on a straight-line basis at the end of each fiscal year. (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. Determine the present value of the lease payments at June 30, 2016, (to the nearest $000) that Blue uses to record the leased asset and lease liability.

Present Value:

2. What would be the pretax amounts related to the lease that Blue would report in its balance sheet at December 31, 2016?

Leased asset:

Leased liability:

3. What would be the pretax amounts related to the lease that Blue would report in its income statement for the year ended December 31, 2016?

Pretax amount:

Zekany Corporation would have had identical income before taxes on both its income tax returns and income statements for the years 2013 through 2016 except for differences in depreciation on an operational asset. The asset cost $160,000 and is depreciated for income tax purposes in the following amounts:

I can not get the summary report to show in the output it just keeps running after i enter the names, scores, and then / /. Can someone help me I am using codeblocks but I might be able to figure out even if you use another IDE>

This is my code

#include <iostream>

using namespace std;

int main()
{
string name;
double score =0;
int totalStudents = 0;
int A=0,B=0,C=0,D=0,F=0;
cout << "Enter student name" << endl;
cin >> name;

while (name!="//"){
cout << "Enter student score" << endl;
cin >> score;
if(score>=90){
A++;
cout<<name<<" "<<score<<" A"<<endl;
}
else if(score>=80&&score<90){
B++;
cout<<name<<" "<<score<<" B"<<endl;
}
else if(score>=70&&score<80){
C++;
cout<<name<<" "<<score<<" C"<<endl;
}
else if(score>=60&&score<70){
D++;
cout<<name<<" "<<score<<" D"<<endl;
}
else if (score>=0&&score<60) {
F++;
cout<<name<<" "<<score<<" F"<<endl;
}
cout << "Enter student name" << endl;
cin >> name;
totalStudents++;
}
cout << "Enter student name" << endl;
cin >> name;
cout << "Summary Report" << endl;
cout << "Total Students count " << totalStudents << endl;
cout << "A student count " << A << endl;
cout << "B student count " << B << endl;
cout << "C student count " << C << endl;
cout << "D student " << D << endl;
cout << "F students " << F << endl;
return 0;
}

This was the question

Topics

Loops

while Statement

Description

Write a program that computes the letter grades of students in a class from knowing their scores in a test. A student test score varies from 0 to 100. For a student, the program first asks the student’s name and the student’s test score. Then, it displays the student name, the test score and the letter grade. It repeats this process for each student. The user indicates the end of student data by entering two consecutive forward slashes ( // ) when asked for the student name. At the end, the program displays a summary report including the following:

·       The total number of students.

·       The total number of students receiving grade “A”.

·       The total number of students receiving grade “B”.

·       The total number of students receiving grade “C”.

·       The total number of students receiving grade “D”.

·       The total number of students receiving grade “F”.

The program calculates a student's the letter grade from the student's test score as follows:

A is 90 to 100 points

B is 80 to 89 points

C is 70 to 79 points

D is 60 to 69 points

F is 0 to 59 points.

Requirements

Do this exercise using a While statement and an If/Else If statement.

Testing

For turning in the assignment, perform the test run below using the input data shown

Test Run (User input is shown in bold).

Enter Student Name

Alan

Enter Student Score

75

Alan 75 C

Enter Student Name

Bob

Enter Student Score:

90

Bob 90 A

Enter Student Name

Cathy

Enter Student Score

80

Cathy 80 B

Enter Student Name

Dave

Enter Student Score:

55

Dave 55 F

Enter Student Name

Eve

Enter Student Score

85

Eve 85 B

Enter Student Name

//

Summary Report

Total Students count 5

A student count 1

B student count: 2

C student count 1

D student 0

F students 1

Sample Code

string name;

double score;

//Initias setup

cout << "Enter student name" << endl;

cin >> name;

//Test

while (name != "//")

{

    cout << "Enter student score" << endl;

    cin >> score;

    //more code here

    //Update setup

    out << "Enter student name" << endl;

    cin >> name;

}

//display summary report

Basically, the code already functions properly. Could you just write in method header comments explaining what the method does and what the parameters are? Some of them are already done. Additionally could you change the variables and method names to make them more descriptive of what they're actually holding? Thank you!

import java.util.Scanner;

/**
* This class contains the entire program to print out a yearly calendar.
*
* @author
* @author TODO add your name here when you contribute
*/
public class Calendar {

public static void tc(char c3, int c4) {
for (int pie = 0; pie < c4; pie++) {
System.out.print(c3);
}
}

public static boolean yr(int yr2) {
/* TODO this really should be in a method header JavaDoc comment rather than hidden in the method.
Every year that is exactly divisible by four is a leap year, except for years that are exactly divisible
by 100, but these centurial years are leap years if they are exactly divisible by 400. For example,
the years 1700, 1800, and 1900 are not leap years, but the years 1600 and 2000 are.
https://en.wikipedia.org/wiki/Leap_year
*/
boolean yri = false;
if (yr2 % 4 == 0) {
if (yr2 % 100 == 0) {
if (yr2 % 400 == 0) {
yri = true;
} else {
yri = false;
}
} else {
yri = true;
}

} else {
yri = false;
}
return yri;
}

/**
* This returns the number of days in the specified month of year.
*
* @param month The month to return the number of days.
* @param year The year is used for determining whether it is a leap year.
* @return The number of days in the specified month of the year.
*/
public static int getDaysInMonth(int month, int year) {
int daysInMonth = 0;
switch (month) {
//31 days
case 1:
case 3:
case 5:
case 7:
case 8:
case 10:
case 12:
daysInMonth = 31;
break;

//30 days
case 4:
case 6:
case 9:
case 11:
daysInMonth = 30;
break;

case 2: //28 or 29 days
if ( yr(year)) {
daysInMonth = 29;
} else {
daysInMonth = 28;
}
break;
}
return daysInMonth;
}

/**
* Returns the name of the month, given the number of the month.
*
* @param month The month where 1 is January and 12 is December.
* @return The name of the month.
*/
public static String getMonthName(int month) {
String monthStr;
switch (month) {
case 1:
monthStr = "January";
break;
case 2:
monthStr = "February";
break;
case 3:
monthStr = "March";
break;
case 4:
monthStr = "April";
break;
case 5:
monthStr = "May";
break;
case 6:
monthStr = "June";
break;
case 7:
monthStr = "July";
break;
case 8:
monthStr = "August";
break;
case 9:
monthStr = "September";
break;
case 10:
monthStr = "October";
break;
case 11:
monthStr = "November";
break;
case 12:
monthStr = "December";
break;
default:
monthStr = "UNKNOWN";
break;
}
return monthStr;
}

public static void p(String n, int h) {
final int TOTAL_WIDTH = 28;
final char MONTH_HEADER_LINE_CHAR = '-';

System.out.println();
String it = n + " " + h;
int spacesBefore = (TOTAL_WIDTH - it.length()) / 2;
tc(' ', spacesBefore);
System.out.println(it);
tc(MONTH_HEADER_LINE_CHAR, TOTAL_WIDTH);
System.out.println();
System.out.println("Sun Mon Tue Wed Thu Fri Sat");
}

public static void d2(int da, int md) {
final char CHAR_BETWEEN_DAYS = ' ';
final int DAYS_IN_A_WEEK = 7;
final int LOWEST_SINGLE_DIGIT_DAY = 1;
final int HIGHEST_SINGLE_DIGIT_DAY = 9;

tc( CHAR_BETWEEN_DAYS, da * 4);
for ( int zzzz = 1; zzzz <= md; zzzz++) {
if ( zzzz >= LOWEST_SINGLE_DIGIT_DAY && zzzz <= HIGHEST_SINGLE_DIGIT_DAY) {
tc(CHAR_BETWEEN_DAYS, 2);
} else {
tc( CHAR_BETWEEN_DAYS, 1);
}
System.out.print( zzzz);
tc( CHAR_BETWEEN_DAYS, 1);
da++;
if ( da % DAYS_IN_A_WEEK == 0) {
System.out.println();
}
}
System.out.println();
}

/**
* This prompts for the year and the day of the week of January 1st and then
* prints out a calendar for the entire year.
*
* @param args unused
*/
public static void main(String[] args) {
final char FIRST_MONTH = 1;
final char LAST_MONTH = 12;
final int DAYS_IN_A_WEEK = 7;

Scanner input = new Scanner(System.in);
System.out.print("Enter year:");
int year = input.nextInt();
System.out.print("Enter day of week of Jan 1 (0-Sunday, 1-Monday, etc):");
int startDay = input.nextInt();

for ( int month = FIRST_MONTH; month <= LAST_MONTH; ++month) {
String monthName = getMonthName( month);
p( monthName, year);

int daysInMonth = getDaysInMonth(month, year);
d2(startDay, daysInMonth);

startDay = (startDay + daysInMonth) % DAYS_IN_A_WEEK;
}
}
}