Bay Inc. purchased some new equipment on January 1, 2019, with a list price of $50,000. The supplier agreed to accept a deposit of $20,000 on the date of purchase and a promissory note requiring payment of $10,000 on each December 31 for the next three years (December 31, 2019, to December 31, 2021). Bay is pleased that no interest is charged on the note since its bank would have charged 7% interest.

The equipment arrived on January 5, 2019, with a separate invoice of $2,000 for freight and transporting the equipment. The machine had several test runs in March and April 2019 at a total cost of $4,000, and it became operational on May 1, 2019. It is expected to last eight years from the date depreciation starts, and it has a residual value of $6,000.

Required

a. Prepare all journal entries that Bay should record relating to the items described above for the year ended December 31, 2019. Wayfair uses the double-declining-balance method of depreciation for all of its property, plant and equipment. Show your calculations.

b. Wayfair also has a separate division that specializes in the sale of small appliances. At the 2019 fiscal year end, Wayfair had three key inventory items which may require a writedown. The cost and estimated net realizable values (NRVs) of the items are as follows:

Per Unit

  Quantity Cost NRV

Juicer.       3,000   $25 $30

Bread Toaster 3,500 $30 $28

Oven 1,900 $24 $20

Calculate the amount (if any) that inventory should be written down by if the lower of cost and NRV is applied on an item-by-item basis. Provide the journal entry (if any) to record the writedown on inventory. Bay uses the inventory allowance method.

A company has two projects to choose from, either option will be repeated when its lifetime is over (i.e., once you choose one, you will use that option forever).

Option A costs $10K and lasts 3 years and option B costs $18K and lasts 6 years. Prices are going up by 2% per year (that is, initial costs go up at the inflation rate). A company funds itself with half debt and half equity where debt costs 5% and equity costs twice as much (ignore taxes).

Company’s last rejected project had an IRR of 7%. Which option should this company pick?

Use the data provided below to determine the average length of each stage of the cell cycle. Try to explain the discrepancies in the raw data between the groups. How do the results compare to what is stated in the literature?

Data for the last question on the Mitosis Lab

                   % Interphase % Pro %Meta. % Ana. % Telo.   Total Cells counted

Group One     76.2%         14.6%      4.0%    3.3%       1.9%      808

Group Two      55%          34%           4%      4%         4%          578

Group Three    52.5%        34.5%       3%       6%         4%         537

Group Four       81%          5%            2%       5%         7%         490

Group Five        75%         16%          3%       3.5%       2.5%      878

A random sample of surgical procedures was selected each month for 30 consecutive months, and the number of procedures with post-operative complications was recorded. The data are listed in the accompanying table.

1. What type of control chart is the most appropriate to analyze the process?
2. Compute the critical boundaries for the control chart.
3. Interpret the chart. Does the process appear to be in control? Explain.

List and explain (in one to two sentences each) two problems with payback period that are not problems for NPV. Your explanation should include why these are problems (why we can't just ignore these issues).

A student has two compounds in two separate bottles but with no labels on either one. One is an unbranched alkane, octane (C8H18); the other is 1-hexene (C6H12), an unbranched alkene. Based on your observations in this experiment, tell what you should observe via the following tests:
                                                            Octane                  1-Hexene

A. Water solubility
B. Ligroin solubility
C. Density versus water
D. Bromine test
E. Permanganate test

A student has two compounds in two seperate bottles but with no labels on either one. One is an unbranched alkane, C8H18; the other is 1-hexane, and unbranched alkene, C6H12. What should you see in the following tests:

                                                          Octane                              1-Hexane

A. Water Solubility

B. Ligroin Solubility

C. Combustion

D. Density vs water

E. Bromine Test

F. Permanganate Test

Explain the two parts of the name ANTIDIURETIC.

one-two sentence answers, please.

3. Assume two firms are currently competing in a market. If one of the two firms wants to try to eliminate the other firm as a competitor, should it undertake a strategy of limit pricing or predatory pricing? Why? In addition, describe the conditions under which the strategy you have selected will be most successful.

1) Equations for two lines L1 and L2 are given. Find the angle between L1 and L2.

L1: ? = 7 + 2?, ? = 8 − 4?, ? = −9 + ?

L2: ? = −8 − ?, ? = 3 − 3?, ? = 4 + 3?

2) Find polar form of complex number z :

?) ? = 4√3 − 4?

?) ? = 2√3 − 2i