Hello,
i need a 1.5 Pages report about southwest airlines, the paper
should discuss 6 ratios of the company, explaining what these
numbers are telling us, we are not required to do calculation or
show how we solved them, just mention 6 ratios and explain them,
and how investors are affected and what information it gave us to
improve our business.
**the ratios could be found in any general website.
In: Finance
A recent news article stated that only 17% of college students between the ages of 18 to 24 years old voted in the last presidential election.
5. Assuming the voting rate stays the same, what is the probability that from a random sample of 500 college students from a local university, at least 20% will vote in the next presidential election?
In: Statistics and Probability
1- Is there such a thing as an ethical reason for unauthorized access to a computer system?
In: Computer Science
On 1 January 2014, KimBell Bhd acquired a bulk plant and equipment from Sun Bhd. The economic life was estimated to be 20 years at a cost of RM4.8 million. In addition, at the date, KimBell Bhd also incurred import duties and freight charges amounting to RM300,000 as well as an installation cost of the plant and equipment of RM220,000. KimBell closes its account every 31 December. The plant and equipment was depreciated on a straight line basis. The following subsequent expenditures were incurred during the year ended 31 December 2019 by KimBell Bhd regarding the plant and equipment: Service cost of RM53,800 per annum to maintain the plant. On 1 January 2019, KimBell replaced one of the parts that were severely damaged. Although there was no change in production volume, the change has resulted in significant reduced of cost. The carrying amount of the old component as at that date was RM36,000. New part cost RM55,000. On 31 December 2019, an old component which has carrying amount of RM136,000 was replaced with the new component. The purchase of the new component worth RM 255,000. Required: Advice KimBell on appropriate accounting treatment for each of the subsequent expenditure stated above. You are also required to indicate the depreciation charged during the year ended 31 December 2019.
In: Accounting
The Jon and Terry Partnership acquired $600,000 in qualifying Sec. 1244 stock from Bee Corporation as an investment in Year 1. The partnership sold the Bee Corporation stock in Year 3 for $450,000. Jon and Terry have shared profits and losses in a 2:1 ratio, respectively, since its inception. What is the amount and the character of the loss recognized by Jon, who is single, in Year 3?
| Ordinary Loss
|
Capital Loss
|
|
$50,000 |
$50,000 |
|
$0 |
$50,000 |
|
$100,000 |
$0 |
|
$0 |
$100,000 |
In: Accounting
Acquired $70,000 cash from the issue of common stock. Purchased $61,000 of inventory on account. Received goods purchased in Event 2 FOB shipping point; freight cost of $1,870 paid in cash. Sold inventory on account that cost $51,000 for $97,000. Freight cost on the goods sold in Event 4 was $1,020. The goods were shipped FOB destination. Cash was paid for the freight cost. Customer in Event 4 returned $4,540 worth of goods that had a cost of $2,320. Collected $79,540 cash from accounts receivable. Paid $56,200 cash on accounts payable. Paid $3,020 for advertising expense. Paid $4,050 cash for insurance expense. Required a. Which of these events affect period (selling and administrative) costs? Which result in product costs? If neither, label the transaction NA. b. Record each event in a horizontal statements model. The first event is recorded as an example. (In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash, and NA to indicate the element is not affected by the event. Enter any decreases to account balances and cash outflows with a minus sign.)
In: Accounting
TP acquired a tract of land by way of gift from his parents. His parents purchased the land in 1980 for $100,000, and gifted it to him in 2010 when it had a fair market value of $500,000. In 2012, TP built a 5 unit apartment building on the land at a cost of $500,000. Accumulated depreciation to date totals $40,000. TP has an agreement to sell the real estate for an adjusted sales price of $1,500,000. He intends to acquire like-kind replacement property in a section 1031 exchange. The purchase price of this target property will be $2,000,000. Assuming all the statutory requirements of section 1031 are met, please compute realized and recognized gain (if any) on the sale of the relinquished property, and the basis of the newly acquired target property, assuming that he goes forward with the purchase of this target property in a section 1031 like kind exchange.
In: Accounting
In: Accounting
On December 31, 2017, Laner Inc, acquired a machine from Rocky Corporation by insuing a $600,000, non-interest-bearing note that is payable in full on December 31, 2021. The company's credit rating permits it to borrow funds from its severni lines of credit at 10% The machine is expected to have a five year life and a $70,000 residual value la) Calculate the value of the note and prepare the journal entry for the purchase on
December 31, 2017. 2 Marks () Prepare any necessary adjusting entries related to depreciation of the asset (use straight line) and amortization of the note fuse the effective interest method on December 31, 2018.
In: Accounting
In: Accounting