Miller Corporation acquired 30% of the outstanding common stock of Crowell Corporation for $160,000 on January 1, 2018, and obtained significant influence. The purchase price of the shares was equal to their book value. During 2018, the following information is available for Crowell: Mar. 31 Declared and paid a cash dividend of $50,000. June 30 Reported semiannual earnings of $120,000 for the first half of 2018. Sept. 30 Declared and paid a cash dividend of $50,000. Dec. 31 Reported semiannual earnings of $140,000 for the second half of 2018. Required: 1. Prepare journal entries for Miller to reflect the preceding information. Refer to the Chart of Accounts provided for the exact wording of the answer choices for text entries. 2. What is the balance in Miller’s investment account on December 31, 2018?

PART A: Prepare journal entries for Miller to reflect the 2018 transactions. Refer to the Chart of Accounts provided for the exact wording of the answer choices for text entries.

PART B: What is the balance in Miller’s investment account on December 31, 2018? __________________

The following events occur for The Underwood Corporation during 2018 and 2019, its first two years of operations.
  
  

June 12, 2018   Provide services to customers on account for $29,000.
September 17, 2018   Receive $15,000 from customers on account.
December 31, 2018   Estimate that 40% of accounts receivable at the end of the year will not be received.
March 4, 2019   Provide services to customers on account for $44,000.
May 20, 2019   Receive $10,000 from customers for services provided in 2018.
July 2, 2019   Write off the remaining amounts owed from services provided in 2018.
October 19, 2019   Receive $35,000 from customers for services provided in 2019.
December 31, 2019   Estimate that 40% of accounts receivable at the end of the year will not be received.

1. Record transactions for each date.

2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts.

3. Calculate the net realizable value of accounts receivable at the end of 2018 and 2019.

Horizontal and Vertical Analysis

Selected data from the financial statements of Jones Hardware Company follows.

Required:

1. Calculate by how much accounts receivable, merchandise inventory, total assets, net sales, and cost of goods sold increased or decreased in dollar terms from 2018 to 2019.

2. Indicate what happened from 2018 to 2019 to accounts receivable and merchandise inventory as a percentage of total assets. Round to the nearest whole percent.

Indicate what happened from 2018 to 2019 to cost of goods sold as a percentage of net sales (rounded to the nearest whole percent).

Cost of goods sold   from % in 2018 to % in 2019.

Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced: April 1,100 units May 1,250 units June 1,300 units Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.15 per unit and component B cost is $.85 per unit. 7. Calculate the Direct Material budgeted cost for May 2018 8. Calculate the Direct Material budgeted cost for the quarter April - June 2018 9. The raw materials inventory policy is 0 ending inventory, 0 beginning inventory. How much inventory of component A is required in April 2018? Each unit requires the following labor: 2 hours in the processing department 1 hour in the assembly department Processing department labor rate is $5/hour Assembly department labor rate is $7/hour Using the information from the production budget of Tangshang Industries 10. Calculate Total Direct Labor Cost in the processing department for the quarter April – June 2018. 11. Calculate Total Direct Labor Cost for June 2018. 12. Calculate Total Direct Labor Cost for the quarter April – June 2018. Variable Factory overhead is $.60 per unit Fixed Factory overhead is $1,000 monthly Using the information from the production budget of Tangshang Industries 13. Calculate total variable overhead cost for May 2018 14. Calculate total variable overhead cost for the quarter April - June 2018 15. Calculate total overhead cost for the quarter April - June 2018 16. Calculate total product cost for the quarter April - June 2018 17. Calculate total product cost per unit for the quarter April - June 2018 18. If the sale price is $34.00, what will be the Gross Profit per unit? 19. If the sale price is $34.00 for the units produced during the quarter, what will be the Total Gross Profit?

The problem to be resolved:

Baltic Supplies Unadjusted Trial Balance as at December 31^st, 2018 is as follows:

The following additional information was made available at December 31, 2018

1. Unearned sales revenue, still NOT earned at December 31, 2018 amounted $65,500.
2. The prepaid insurance of $840,000 was paid on July 1, 2018 for 8-months to February 2019.
3. The Building and Equipment has an estimated life of ten (10) years and is being depreciated on the double declining balance method of depreciation, down to a residual value of $10,000.
4. Accrued travelling expense amounted to $8,800 at December 31, 2018.
5. A physical count of inventory at December 31, 2018, reveals $485,000 worth of inventory on hand.

1. Prepare the necessary adjusting entries on December 31, 2018.
2. Prepare the company adjusted trial balance as at December 31, 2018
3. Prepare the company’s Multiple-step Income Statement for the year ended December 31, 2018.
4. Prepare the company’s Statement of Owner’s Equity for the year ended December 31, 2018. Prepare the company’s classified Balance Sheet at December 31, 2018.
5. Prepare the company’s classified Balance Sheet at December 31, 2018.

Revenue recognition – accrual basis vs. cash basis: Ring The Bells, Inc. provides doorbell repair services to customers and began operations in February 2018. On March 4^th, 2018, Ring The Bells, Inc. collected $2,400 in cash from customers for services performed in February 2018. On March 11^th, Ring The Bells, Inc. provided $690 worth of services to customers, all of whom paid in cash. On March 25^th, 2018 Ring the Bells provided additional services worth $3,470 on account to customers, which will not be collected until April.

(1pt) Using accrual-basis accounting, how much revenue would Ring the Bells record for March 2018? Briefly explain or show how you got your answer.

(1pt) Using cash-basis accounting, how much revenue would Ring the Bells record for March 2018? Briefly explain or show how you got your answer.

Expense recognition – accrual basis vs. cash basis: Ring The Bells, Inc. provides doorbell repair services to customers and began operations in February 2018. On March 2^nd, 2018, Ring The Bells, Inc. paid $800 in cash to creditors for supplies purchased on account on February 1^st and used in February 2018. On March 15^th, Ring The Bells, Inc. paid $1,850 in cash to employees for work done March 1^st-15^th. On March 29^th, 2018 Ring the Bells received a bill of $720 from the utility company for March utilities used which will not be paid until April.

(1pt) Using accrual-basis accounting, how much in expenses would Ring the Bells record for March 2018? Briefly explain or show how you got your answer.

(1pt) Using cash-basis accounting, how much in expenses would Ring the Bells record for March 2018? Briefly explain or show how you got your answer.

Clinical experience of 1 example of Therapeutic Communication Technique use and 1 Non Therapeutic Technique use (verbal or non verbal), and identify the technique that was been used . 

What does non-coding DNA do and where did it come from? What conflicting factors act to increase or decrease the amount of non-coding DNA?