The trick of the balancing fork is mentioned on many web sites. A good one is the one from Harvard University.

Explain the physics behind the balancing Forks in your own words.

Use the words torque, net torque, distance, and pivot in your explanation.

On January 1, 2012, Aspen Company acquired 80 percent of Birch Company’s outstanding voting stock for $504,000. Birch reported a $510,000 book value and the fair value of the noncontrolling interest was $126,000 on that date. Also, on January 1, 2013, Birch acquired 80 percent of Cedar Company for $160,000 when Cedar had a $164,000 book value and the 20 percent noncontrolling interest was valued at $40,000. In each acquisition, the subsidiary’s excess acquisition-date fair over book value was assigned to a trade name with a 30-year life. These companies report the following financial information. Investment income figures are not included. 2012 2013 2014   Sales:      Aspen Company $ 515,000    $ 595,000    $ 740,000         Birch Company 285,000    398,750    631,000         Cedar Company Not available    249,800    258,800      Expenses:      Aspen Company $ 397,500    $ 442,500    $ 530,000         Birch Company 237,000    315,000    557,500         Cedar Company Not available    233,000    216,000      Dividends declared:      Aspen Company $ 20,000    $ 45,000    $ 55,000         Birch Company 10,000    15,000    15,000         Cedar Company Not available    2,000    6,000    a If all companies use the equity method for internal reporting purposes, what is the December 31, 2013, balance in Aspen's Investment in Birch Company account b What is the consolidated net income for this business combination for 2014? c What is the net income attributable to the noncontrolling interest in 2014? d Assume that Birch made intra-entity inventory transfers to Aspen that have resulted in the following unrealized gross profits at the end of each year: Date Amount   12/31/12 $11,100      12/31/13 20,700      12/31/14 28,400    What is the realized income of Birch in 2013 and 2014, respectively?

Write the word or phrase that best completes each statement or answers the question.
Assume that a simple random sample has been selected from a normally distributed population and test the given
claim. Use either the traditional method or P-value method as indicated. Identify the null and alternative hypotheses,
test statistic, critical value(s) or P-value (or range of P-values) as appropriate, and state the final conclusion that
addresses the original claim.
1) A large software company gives job applicants a test of programming ability and the
mean for that test has been 160 in the past. Twenty-five job applicants are randomly
selected from one large university and they produce a mean score and standard
deviation of 183 and 12, respectively. Use a 0.05 level of significance to test the claim that
this sample comes from a population with a mean score greater than 160. Use the
P-value method of testing hypotheses.

The following countries’ movie releases in 2010 were, the US with 378, the UK with 386, Germany with 287, France with 182 and Japan with 129. Choosing one new release at random, find the probability that the new release is: (a) European (b) From the US

 Ratio Research: Use the template to analyze the selected ratios (profitability, financial strength, valuation, management effectiveness, dividends, and efficiency) for both of the competitors. To complete this part, you can reference the Morningstar website in the Module Two resources to obtain the ratios. You can also use the SEC EDGAR Company Filings resource from Module One to obtain the ratio from annual reports. Please note: The ratios have to be from the same time period (the same year for both competitors). For training on how to use Excel, visit the Hoonuit training site or search YouTube to find appropriate Excel training videos.  Industry Ratios: To analyze ratios for the companies, you also need to obtain the ratios for the industry that the competitors operate in. Industry values for the ratios can be found in the index column. If no index value is available, put the five-year averages for both companies in the industry column and use these figures for the industry comparison of your ratio analysis.  Ratio Analysis: Compare the two companies based on their ratios. Use the last column in the template to write in detail how each company is doing based on the ratios. Compare the company ratios to the industry and each other

Why construct financial forecasts? From a planning perspective, is it necessary to forecast the future as it relates to the organization as well as the industry as a whole? If you were President and CEO of Apple Corporation, would you want to know what the forecast for iPhones would be in the next year, 5 years, and 10 years? Why would this information be important? Explain.

CP12-47 (similar to) Tree Top Company is considering raising additional capital for further expansion. The company wants to finance a new business venture into guided trips down the Amazon River in South America.​ Additionally, the company wants to add another building on their land to offer more services for local customers.

Tree Top Company plans to raise the capital by issuing $800,000 9​%,six​-year

bonds on January​ 2,2020.The bonds pay interest semiannually on June 30 and December 31. The company receive $798,680

when the bonds are issued.

The company also issues a mortgage payable for

$825,000

on January​ 2,

20202020.

The proceeds from the mortgage will be used to construct the new building. The mortgage requires annual payments of $55,000

plus interest for fifteen

​years, payable on December 31. The mortgage interest rate is

10​%

now record the semiannual bond interest payment on December​ 31,

2020

Exercise 18-19 On June 3, 2020, Teal Company sold to Ann Mount merchandise having a sales price of $8,700 (cost $7,830) with terms of n/60, f.o.b. shipping point. Teal estimates that merchandise with a sales value of $870 will be returned. An invoice totaling $100 was received by Mount on June 8 from Olympic Transport Service for the freight cost. Upon receipt of the goods, on June 8, Mount returned to Teal $400 of merchandise containing flaws. Teal estimates the returned items are expected to be resold at a profit. The freight on the returned merchandise was $23, paid by Teal on June 8. On July 16, the company received a check for the balance due from Mount.

Prepare journal entries for Teal Company to record all the events in June and July. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting.

Instructions:

Read the following scenario.

Answer the questions that follow. Your answers should result in a 2-3 page submission.

Reference back to your text book for guidance on how to think through the scenario.

Scenario:

Imagine you are the assistant controller in charge of general ledger accounting at Linbarger Company. Your company has a large loan from an insurance company. The loan agreement requires that the company’s cash account balance be maintained at $200,000 or more, as reported monthly. At June 30, the cash balance is $80,000. You give this update to Lisa Infante, the financial vice president. Lisa is nervous and instructs you to keep the cash receipts book open for one additional day for purposes of the June 30 report to the insurance company. Lisa says, “If we don’t get that cash balance over $200,000, we’ll default on our loan agreement. They could close us down, put us all out of our jobs!” Lisa continues, “I talked to Oconto Distributors (one of Linbarger’s largest customers) this morning. They said they sent us a check for $150,000 yesterday. We should receive it tomorrow. If we include just that one check in our cash balance, we’ll be in the clear. It’s in the mail!”

Questions

What is the accounting problem that the Linbarger Company faces?

What are the ethical considerations in this case? Provide rationale for why these are ethical considerations.

What are the negative impacts that can happen if you do not follow Lisa Infante’s instructions to wait one more day to post the balance?

Who will be negatively impacted if you do comply? Provide a rationale for why these individuals will be impacted.

What is one alternative that you could pursue in this scenario? Support your recommendations with information you learned in this class.