Questions
The following is a partial trial balance for General Lighting Corporation as of December 31, 2018:...

The following is a partial trial balance for General Lighting Corporation as of December 31, 2018:

Account Title Debits Credits
Sales revenue 2,500,000
Interest revenue 83,000
Loss on sale of investments 24,000
Cost of goods sold 1,220,000
Loss from write-down of inventory due to obsolescence 230,000
Selling expenses 330,000
General and administrative expenses 165,000
Interest expense 82,000


200,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40%.

Required:
1. Prepare a single-step income statement for 2018, including EPS disclosures.
2. Prepare a multiple-step income statement for 2018, including EPS disclosures.
  

Required 1

Required 2

Prepare a single-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places.)

GENERAL LIGHTING CORPORATION
Income Statement
For the Year Ended December 31, 2018
0
0
0
Earnings per share

2

Required 2

Prepare a multiple-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places. Amounts to be deducted should be indicated with a minus sign.)

GENERAL LIGHTING CORPORATION
Income Statement
For the Year Ended December 31, 2018
0
0
0
0
0
Earnings per share

In: Accounting

At the end of 2017 fiscal year, L&Z Co. has the following information: Balance Sheets Current...

At the end of 2017 fiscal year, L&Z Co. has the following information:

Balance Sheets

Current Assets

Accounts receivable, net of allowance of $1,076                               $16,194

a)   During 2018, the company wrote off $200 of specific accounts that were deemed uncollectable. Prepare the journal entry to record the write-off of these accounts receivable. (4 pts)

b) At the end of 2018 (12/31/2018), management estimate 8% of account receivables balance will likely be difficult to collect. The company’s Accounts Receivable has a gross ending balance of $17,600 . Prepare the journal entry to record bad debt expense for 2018 using the percentage of receivables method (the balance sheet approach). (8 pts)

c)  If credit sales for 2018 were $118,000, compute the amount of cash collected from customers in 2018 (note: take into account the event in part a). (6 pts)

d) On Oct 1st , 2018, the company sold coal to Beta Electric, receiving a 6-month, noninterest-bearing note for $100,000. The effective interest rate on the note is 8%. The company has a fiscal year-end of 12/31. (10 pts)

  1. i. Prepare the journal entry to record the sale. (6 pts)

ii. Prepare adjusting journal entries regarding the note receivable on 12/31/2018. (4 pts)

In: Accounting

14. Emily, who lives in Indiana, volunteered to travel to Louisiana in March to work on...

14. Emily, who lives in Indiana, volunteered to travel to Louisiana in March to work on a home-building project for
Habitat for Humanity (a qualified charitable organization). She was in Louisiana for three weeks. She normally
makes $500 per week as a carpenter’s assistant and plans to deduct $1,500 as a charitable contribution. In addition,
she incurred the following costs in connection with the trip: $600 for transportation, $1,200 for lodging, and $400 for
meals. What is Emily’s deduction associated with this charitable activity?

a. $600
b. $1,200
c. $1,800
d. $2,200

In 2018, Joanne invested $90,000 for a 20% interest in a limited liability company (LLC) in which she is a material
participant. The LLC reported losses of $340,000 in 2018 and $180,000 in 2019. Joanne’s share of the LLC’s losses
was $68,000 in 2018 and $36,000 in 2019. How much of these losses can Joanne deduct?

a. $68,000 in 2018; $36,000 in 2019.
b. $68,000 in 2018; $22,000 in 2019.
c. $0 in 2018; $0 in 2019.
d. $68,000 in 2018; $0 in 2019.

Rex and Dena are married and have two children, Michelle (age 7) and Nancy (age 5). During 2018, Rex earned a
salary of $24,500, received interest income of $300, and filed a joint income tax return with Dena. Dena had $0 gross
income. Their earned income credit for the year is:

a. $5,621
b. $5,426
c. $5,716
d. $0

In: Accounting

E16-16.   (EPS: Simple Capital Structure) (LO 4) On January 1, 2018, Wilke Corp. had 480,000 shares...

E16-16.  

(EPS: Simple Capital Structure)

(LO 4) On January 1, 2018, Wilke Corp. had 480,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the common stock account.

February 1

Issued 120,000 shares

March 1

Issued a 10% stock dividend

May 1

Acquired 100,000 shares of treasury stock

June 1

Issued a 3-for-1 stock split

October 1

Reissued 60,000 shares of treasury stock

Instructions

(a)  

Determine the weighted-average number of shares outstanding as of December 31, 2018.

(b)  

Assume that Wilke Corp. earned net income of $3,456,000 during 2018. In addition, it had 100,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a).

(c)  

Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018.

(d)  

Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $432,000 (net of tax). Compute earnings per share for 2018.

please explain detail ( i know the answer but i don't understand)

In: Accounting

Section A (25 marks) – Hotel Business in Hong Kong Question A1 Answer the below short...

Section A – Hotel Business in Hong Kong Question A1 Answer the below short questions (a) to (i) according to A Statistical Review of Hong Kong Tourism 2018, published by Hong Kong Tourism Board in June 2019.

a) What is the total number of visitor arrival to Hong Kong upon 2018? How many visitors stayed overnight?

b) Identify Hong Kong’s top THREE source markets of visitors’ arrival to Hong Kong in 2018.

c) Which month contained the highest visitor arrivals number in 2018?

d) Briefly describe the hotel performance in 2018.

e) Which hotel category noted a highest gain percentage in room occupancy compare with 2017?

f) State TWO districts which recorded the highest room occupancy rate in Hong Kong.

g) In 2017, which department in the hotel earn the second highest revenue and what is the total percentage.

h) Refer to the hotel room occupancy rate and average achieved hotel room rate in 2018, illustrate TWO indicators or messages reflected from those figures.

i) The percentage distribution of visitor arrivals by months 2018 were quite steady along the year, the range of percentage starting from 7.2% to 10.1%. If you were the manager of a hotel, try to briefly explain the reasons behind of the distributions. (For example: What is/are the factor(s) may affect the percentage of arrival on Dec 2018.)

In: Operations Management

describe the relationship between health care cost and quality. Address the following: Select one public agency...

describe the relationship between health care cost and quality. Address the following:

Select one public agency and one private agency and differentiate their roles and major activities in addressing cost and quality in health care. See Topic 4 readings for sources regarding health care agencies.
Analyze current and projected initiatives to improve quality while simultaneously controlling costs. Describe any unintended consequences.
*Synthesize implications for staff nurses and advanced practice nurses, including evidence-based practice, relative to cost and quality.*

Prepare in APA Style. Help please!. Size 500-1000 words. Topic. Cost and quality analysis

* very important. Please provide references and inline citations. Thanks

In: Nursing

Using your textbook, LIRN, JSTOR, other electronic journals and/or periodicals, and the Internet, develop an APA...

Using your textbook, LIRN, JSTOR, other electronic journals and/or periodicals, and the Internet, develop an APA paper that provides an in-depth analysis - complete with examples and research-based in-text citations to include the following topics:

How statistics is used by business to assist in making more effective decisions

Characteristics related to all type of statistics (descriptive and inferential) such as populations, samples, types of variables, levels of measurement, etc.

Frequency tables and distributions, including histograms and frequency polygons

Central tendency, to include the arithmetic mean and median values, mode, geometric mean, and standard deviation

The displaying of data and statistical results, such as box plot, stem-leaf, etc.

The concept of probability and the various types of events

In: Statistics and Probability

Discussion Prompt Interview a charge nurse and a manager, discuss their vision and approach to teamwork....

Discussion Prompt

Interview a charge nurse and a manager, discuss their vision and approach to teamwork. Ask them the pros and cons of teams and how dysfunctional teams can affect the work environment. How do they correct the dysfunction?

Post your takeaways (at least five) from your interviews and include-

  • How the charge nurse and manager are the same and/or are different in their approach to working with teams?
  • What was the most interesting finding that you learned about working with teams and why?

Expectations

Initial Post:

  • Due: Saturday, 11:59 pm PT
  • Length: 150 - 250 Words
  • A minimum of 2 references (not older than 5 years) with corresponding in text citations using APA format

In: Nursing

What should a patient do if he wants a blood test but his doctor will not...

What should a patient do if he wants a blood test but his doctor will not order it? Include in your answer a discussion of the fact that patients can now order and pay for a variety of blood tests without their doctor's permission or prescription. See http://www.lef.org/Vitamins-Supplements/Blood-Tests/.

Explain why so many elderly patients feel their hospital attending physicians have abandoned them when the physicians say things like "at your age, there is nothing more e can do?" and pressure the patients and families to get the patients out of the hospital and into nursing homes.

Be sure to list your reference and use in-text citations to give credit to your source.

In: Nursing

As nurses, we have to understand the importance culture can play in communication, behavior, and beliefs...

As nurses, we have to understand the importance culture can play in communication, behavior, and beliefs that an individual may exhibit.

For this assignment:

Introduce and define the meaning of cultural diversity.

Pick one culture (not your own) and discuss all the factors that influence this culture as listed in the rubric.

Under each factor, give at least four different examples related to the culture you chose. (Try to expand to different cultures outside of the examples in the textbook.)

Include a short description of the cultures that are present in your community. How do you think that your job as a registered nurse will be impacted by the cultures present in your community? Be specific and include examples.
THIS ESSAY MUST BE WRITTEN IN APA FORMAT With all CITATIONS INCLUDED!

In: Nursing