In: Nursing
Refer to Figure 2-30 in the text and the discussion about updating master files from transaction files. The discussion pertains to the record structures for a sales transaction. Prepare a diagram (similar to Figure 2-30) that presents the record structure for the receipt of inventory items that had been ordered previously. Assume that a purchase order file exists and will be updated through information collected via a receiving report, which is the transaction record. Further, assume that the purchase was made on account, and the vendor AP record needs to be updated. Do not show the general ledger records in your diagram. Explain each step in the update process.
In: Accounting
For each of the following file processing operations, indicate whether a sequential file, indexed random file, virtual storage access method, hashing, or pointer structure would work best. You may choose as many as you wish for each step. Also, indicate which would perform the least optimally.
a. Retrieve a record from the file based on its primary key value.
b. Update a record in the file.
c. Read a complete file of records.
d. Find the next record in a file.
e. Insert a record into a file.
f. Delete a record from a file.
g. Scan a file for records with secondary keys.
In: Accounting
Prepare an amortization spreadsheet in Excel. The sheet should be labeled, and I should be able to change purchase price, interest rate, or the other relevant factors and the spreadsheet should automatically update. As we discussed in class, spend some time labeling the spreadsheet and using proper cell references. This is the first but not the last spreadsheet of this type, it is highly likely that elements of this spreadsheet will be helpful in subsequent assignments, so time spent here may mean less time in the future.
For an initial calculation, assume you are purchasing a $400,000 home with 5% down at an interest rate of 4%, financed over 30 years using a traditional mortgage.
In: Finance
The following grammar for a program has a problem with semicolons:
Use JavaCC to update
When an if statement has a block after it, the block sometimes must end with a semicolon sometimes but not all the time.
In: Computer Science
Protrade Corporation acquired 80 percent of the outstanding voting stock of Seacraft Company on January 1, 2017, for $428,000 in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liabilities at a collective net fair value of $585,000 and the fair value of the 20 percent noncontrolling interest was $107,000. No excess fair value over book value amortization accompanied the acquisition.
The following selected account balances are from the individual financial records of these two companies as of December 31, 2018:
| Protrade | Seacraft | |||||
| Sales | $ | 700,000 | $ | 420,000 | ||
| Cost of goods sold | 320,000 | 227,000 | ||||
| Operating expenses | 156,000 | 111,000 | ||||
| Retained earnings, 1/1/18 | 800,000 | 240,000 | ||||
| Inventory | 352,000 | 116,000 | ||||
| Buildings (net) | 364,000 | 163,000 | ||||
| Investment income | Not given | 0 | ||||
Each of the following problems is an independent situation:
In: Accounting
Abbott Equipment leased a protein analyzer to Werner Chemical,
Inc. on September 30, 2018. Abbott purchased the machine from
NutraLabs, Inc., at a cost of $6.35 million. The five-year lease
agreement calls for Werner to make quarterly lease payments of
$414,389, payable each September 30, December 31, March 31, June
30, with the first payment at September 30, 2018. Abbot's implicit
interest rate is 16%. (FV of $1, PV of $1, FVA of $1, PVA of $1,
FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from
the tables provided.)
Required:
1. What pretax amounts related to the lease would
Abbott report in its balance sheet at December 31, 2018?
2. What pretax amounts related to the lease would
Abbott report in its income statement for the year ended December
31, 2018?
3. What pretax amounts related to the lease would
Abbott report in its statement of cash flows for the year ended
December 31, 2018?
What pretax amounts related to the lease would Abbott report in its balance sheet at December 31, 2018 and income statement for the year ended December 31, 2018? (Enter your answer in whole dollars. Round your intermediate and final answers to nearest whole dollar.)
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What pretax amounts related to the lease would Abbott report in its balance sheet at December 31, 2018 and income statement for the year ended December 31, 2018? (Enter your answer in whole dollars. Round your intermediate and final answers to nearest whole dollar.)
What pretax amounts related to the lease would Abbott report in its statement of cash flows for the year ended December 31, 2018? (Enter your answer in whole dollars. Round your intermediate and final answers to nearest whole dollar.)
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In: Accounting
Werner Chemical, Inc., leased a protein analyzer on September
30, 2018. The five-year lease agreement calls for Werner to make
quarterly lease payments of $417,651, payable each September 30,
December 31, March 31, June 30, with the first payment at September
30, 2018. Werner's incremental borrowing rate is 12%. Amortization
is recorded on a straightline basis at the end of each fiscal year.
The useful life of the equipment is five years. (FV of $1, PV of
$1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use
appropriate factor(s) from the tables provided.)
Required:
1. Determine the present value of the lease
payments at September 30, 2018.
2. What pretax amounts related to the lease would
Werner report in its balance sheet at December 31, 2018?
3. What pretax amounts related to the lease would
Werner report in its income statement for the year ended December
31, 2018?
4. What pretax amounts related to the lease would
Werner report in its statement of cash flows for the year ended
December 31, 2018?
Determine the present value of the lease payments at September
30, 2018.
What pretax amounts related to the lease would Werner report in its
balance sheet at December 31, 2018?
What pretax amounts related to the lease would Werner report in its
income statement for the year ended December 31, 2018?
(Round your intermediate and final answers to nearest whole dollar.)
Show less
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What pretax amounts related to the lease would Werner report in its statement of cash flows for the year ended December 31, 2018? (Round your intermediate and final answers to nearest whole dollar.)
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In: Accounting
Protrade Corporation acquired 80 percent of the outstanding voting stock of Seacraft Company on January 1, 2017, for $452,000 in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liabilities at a collective net fair value of $645,000 and the fair value of the 20 percent noncontrolling interest was $113,000. No excess fair value over book value amortization accompanied the acquisition.
The following selected account balances are from the individual financial records of these two companies as of December 31, 2018:
| Protrade | Seacraft | |||||
| Sales | $ | 760,000 | $ | 480,000 | ||
| Cost of goods sold | 350,000 | 257,000 | ||||
| Operating expenses | 162,000 | 117,000 | ||||
| Retained earnings, 1/1/18 | 860,000 | 300,000 | ||||
| Inventory | 358,000 | 122,000 | ||||
| Buildings (net) | 370,000 | 169,000 | ||||
| Investment income | Not given | 0 | ||||
Each of the following problems is an independent situation:
In: Accounting
Protrade Corporation acquired 80 percent of the outstanding voting stock of Seacraft Company on January 1, 2017, for $488,000 in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liabilities at a collective net fair value of $735,000 and the fair value of the 20 percent noncontrolling interest was $122,000. No excess fair value over book value amortization accompanied the acquisition.
The following selected account balances are from the individual financial records of these two companies as of December 31, 2018:
| Protrade | Seacraft | |||||
| Sales | $ | 850,000 | $ | 570,000 | ||
| Cost of goods sold | 395,000 | 302,000 | ||||
| Operating expenses | 171,000 | 126,000 | ||||
| Retained earnings, 1/1/18 | 950,000 | 390,000 | ||||
| Inventory | 367,000 | 131,000 | ||||
| Buildings (net) | 379,000 | 178,000 | ||||
| Investment income | Not given | 0 | ||||
Each of the following problems is an independent situation:
Assume that Protrade sells Seacraft inventory at a markup equal
to 40 percent of cost. Intra-entity transfers were $111,000 in 2017
and $131,000 in 2018. Of this inventory, Seacraft retained and then
sold $49,000 of the 2017 transfers in 2018 and held $63,000 of the
2018 transfers until 2019.
Determine balances for the following items that would appear on
consolidated financial statements for 2018:
Assume that Seacraft sells inventory to Protrade at a markup
equal to 40 percent of cost. Intra-entity transfers were $71,000 in
2017 and $101,000 in 2018. Of this inventory, $42,000 of the 2017
transfers were retained and then sold by Protrade in 2018, whereas
$56,000 of the 2018 transfers were held until 2019.
Determine balances for the following items that would appear on
consolidated financial statements for 2018:
Protrade sells Seacraft a building on January 1, 2017, for
$122,000, although its book value was only $71,000 on this date.
The building had a five-year remaining life and was to be
depreciated using the straight-line method with no salvage
value.
Determine balances for the following items that would appear on
consolidated financial statements for 2018:
In: Accounting