Problem 14-1 Determining the price of bonds; discount and premium; issuer and investor [LO14-2]

On January 1, 2018, Instaform, Inc., issued 14% bonds with a face amount of $50 million, dated January 1. The bonds mature in 2037 (20 years). The market yield for bonds of similar risk and maturity is 16%. Interest is paid semiannually. (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-a. Determine the price of the bonds at January 1, 2018.
1-b. Prepare the journal entry to record their issuance by Instaform.
2-a. Assume the market rate was 12%. Determine the price of the bonds at January 1, 2018.
2-b. Assume the market rate was 12%. Prepare the journal entry to record their issuance by Instaform.
3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, prepare the journal entry to record the purchase by Broadcourt.

• Required 1
• Required 2
• Required 3
• Required 4

Determine the price of the bonds at January 1, 2018. (Round your answer to 2 decimal places.)

Prepare the journal entry to record the bond issuance by Bishop on January 1, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.)

• ecord the interest on June 30, 2018, using the effective interest method.

Note: Enter debits before credits.

• Record the interest on December 31, 2018, using the effective interest method.

Note: Enter debits before credits.

'''

File: pyPatientLL.py

Author: JD

'''

class Node: #ADT

       def __init__(self, p = None):

             self.name = ""

             self.ss = self.age = int(0)

             self.smoker = self.HBP = self.HFD = self.points = int(0)

             self.link = None

             #if list not empty

             if p != None:

                    p.link = self

ptrFront = ptrEnd = None

choice = int(0)

def menu():

       print( "\n\tLL Health Clinic\n\n")

       print( "1. New patient\n")

       print( "2. View patient by SS#\n")

       print( "3. Update patient's record\n")

       print( "4. Quit the App\n\n")

       print( "Enter your choice: ")

def getChoice():

       choice = int(input(""))

       # Validate the menu selection

       while ((choice < 1) or (choice > 4)):

             print( "Please enter 1, 2, 3, or 4: ")

             choice = int(input(""))

       return choice

def getInfo(ptr):                            #Populate the record

       ptr.name = input("Enter patient's name: ")

       ptr.age = int(input("Enter age: "))

       ptr.ss = int (input("Enter patient's SS: "))

       habits = input("Enter habits 1/0: smoker, HBP, HFD:").split()

       ptr.smoker, ptr.HBP, ptr.HFD = map(int, habits)

       calPoints(ptr)

# implement flowchart here

def calPoints(ptr):

       pass

def searchBySS(ptr, ssKey):     #search by SS

       pass

def dispPatient(ptr):                  #disp record

       pass

def updatepatinet(ptr):                #update any habits (smoking, HBP, HFD)

       pass                                                #recalculate points

def processChoice(choice):

       ptr = None

       global ptrEnd

       global ptrFront

       # Procee based on user input

       if choice == 1:    #New patinet

             if (ptrEnd == None):

                    ptrEnd = ptrFront = Node(ptrEnd)

             else:

                    ptrEnd = Node(ptrEnd)

             getInfo(ptrEnd)    #Populate the record

       elif choice == 2: #case 2 find patient

             key = int(input("Enter SS: "))

             if (ptr == searchBySS(ptrFront, key)):

                        dispPatient(ptr)

             else:

                          print ("\nRecord not found\n\n")

       elif choice == 3:         #case 3 update patient

             key = int(input("Enter SS: "))

             if (ptr == searchBySS(ptrFront, key)):

                          updatepatinet(ptr)

             else:

                          cout<<"\nRecord not found\n\n";

def main():

       do = bool(True)

       while(do == True):

             menu()

             choice = getChoice()

             if choice == 4:

                    do = False

             else:

                    processChoice(choice)

#call main

main()

KEEP THE PYTHON CODE AS IT IS and try the python singly linked list code first and ask questions.

Secondly implement the functions having just "pass" one at a time and fully test and move on to next function.

"calPoints function" is implemented based on the flowchart you will find in the announcement section.

Tran Technologies licenses its functional intellectual property to Lyon Industries. Terms of the arrangement require Lyon to pay Tran $570,000 on April 1, 2018, when Lyon first obtains access to Tran’s intellectual property, and then to pay Tran a royalty of 4% of future sales of products that utilize that intellectual property. Tran anticipates receiving sales-based royalties of $1,070,000 during 2018 and $1,570,000/year for the years 2019–2021. Assume Tran accounts for the Lyon license as a right of use, because Tran’s actions subsequent to April 1, 2018, will affect the benefits that Lyon receives from access to Tran’s intellectual property.

Required:

1. Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Identify the specific citation for accounting for variable consideration arising from sales-based royalties on licenses of intellectual property, and consider the relevant GAAP. When can Tran recognize revenue from sales-based royalties associated with the Lyon license?
2. What journal entry would Tran record on April 1, 2018, when it receives the $570,000 payment from Lyon?
3. Assume on December 31, 2018, Tran receives $1,070,000 for all sales-based royalties earned from Lyon in 2018. What journal entry would Tran record on December 31, 2018, to recognize any revenue that should be recognized in 2018 with respect to the Lyon license that it has not already recognized?
4. Assume Tran accounts for the Lyon license as a five-year right to access Tran’s symbolic intellectual property from April 1, 2018, through March 31, 2023. Tran expects that its ongoing marketing efforts will affect the value of the license to Lyon during the five-year license period. Repeat requirements 2 and 3.

Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Identify the specific citation for accounting for variable consideration arising from sales-based royalties on licenses of intellectual property, and consider the relevant GAAP. When can Tran recognize revenue from salesbased royalties associated with the Lyon license?

What journal entry would Tran record on April 1, 2018, when it receives the $570,000 payment from Lyon? Assume on December 31, 2018, Tran receives $1,070,000 for all sales-based royalties earned from Lyon in 2018. What journal entry would Tran record on December 31, 2018, to recognize any revenue that should be recognized in 2018 with respect to the Lyon license that it has not already recognized? Assume Tran accounts for the Lyon license as a five-year right to access Tran’s symbolic intellectual property from April 1, 2018, through March 31, 2021. Tran expects that its ongoing marketing efforts will affect the value of the license to Lyon during the five-year license period. Repeat requirements 2 and 3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Show less

Journal entry worksheet

Note: Enter debits before credits.

Note: Enter debits before credits.

Record the entry from Tran to recognize any revenue that should be recognized in 2018 with respect to the Lyon license that it has not already recognized.

Note: Enter debits before credits.

Record the entry for Tran to recognize any revenue that should be recognized in 2018 with respect to the Lyon license that it has not already recognized under the new assumption.

Here we consider the sleep habits of med students versus non-med students. The study consists of the hours of sleep per day obtained from 27 med students and 30 non-med students. The summarized data is given in the table. Here, x¯x¯ is the mean hours of sleep per day from each sample. The degrees of freedom (d.f.) that you must use in your calculations are given below.

Test the claim that the mean hours of sleep for med and non-med students is different. Use a 0.05 significance level.

(a) Find the test statistic.

(b) Find the P-value.

(c) Is there sufficient data to support the claim?
Yes
No

Test the claim that, on average, med students get less sleep than non-med students. Use a 0.05 significance level.

(d) Is there sufficient data to support the claim?
Yes
No

A set of C57 mice were allowed access to wheels (WR) and another set of C57 mice (non-WR) were kept in their cages without a wheel. After 6 weeks of running by the WR mice (at typical cruising speeds - 3.5 km/hr), both sets of mice were tested on treadmill.

1. VO2 max was also measured on the treadmill. WR mice reached their max VO2 at a speed of 5 km/hour whicle the VO2 max of the non-WR was reached at 4 km/hr. How would the value for VO2 at maximum in WR compare to the non-WR mice? Explain the physiologcal basis for your answer.
2. The VO2 of WR and non-WR mice was measured while running on the treadmill at the same submaximal speed setting (3.5 km/hr). How would their VO2 values compare? Explain your answer.
3. How would the ventilatory rate and cardiovascular responses (CO and MAP) compare between strains when the WR and non-WR mice are running at the same submaximal speed (3.5 km/hr)? Explain your answer.

A medical researcher wants to compare the pulse rates of smokers and non-smokers. He believes that the pulse rate for smokers and non-smokers is different and wants to test this claim at the 0.05 level of significance. The researcher checks 72 smokers and finds that they have a mean pulse rate of 75, and 81 non-smokers have a mean pulse rate of 72. The standard deviation of the pulse rates is found to be 6 for smokers and 9 for non-smokers. Let μ1 be the true mean pulse rate for smokers and μ2 be the true mean pulse rate for non-smokers.

Step 1 of 4: State the null and alternative hypotheses for the test.

Step 2 of 4: Compute the value of the test statistic. Round your answer to two decimal places.

Step 3 of 4: Determine the decision rule for rejecting the null hypothesis H0H0. Round the numerical portion of your answer to two decimal places.

....reject H0 if

Step 4 of 4: Make the decision for the hypothesis test.

....reject null hypothesis...fail to reject null hypothesis

In August 2018, Richard purchased and placed in service an office buildingcostinh $753,000. including$134,000 for the land. The amount of depreciation Richard mayy claim in 2018 is

GTUC owns a property that it is using at its head office. At 1 January 2018, its carrying value was $20 million and its remaining useful life was 20 years. On 1 July 2018 the business was reorganized and cheaper premises were found for use as a head office. It was therefore decided to lease the property under an operating lease.

The property was valued by a qualified professional, who assessed the property’s value as $21 million on 1 July and $21.6 million on 31 December 2018.

Explain the accounting treatment of the property,plant and equipment in the financial statements for the year-ended 31 December 2018.

How do the two articles below address the dividend discount model and show changes from original estimations to later estimations based on first quarter results? Any analysis of these two articles would be greatly appreciated so I may better understand the DDM.

The first article was written in April of 2018 and the second was written in July 2018.

April 2018 Article: https://seekingalpha.com/article/4166249-mcdonalds-corporation-target-price-147-according-dividend-discount-model

July 2018 Article: https://seekingalpha.com/article/4189029-mcdonalds-current-valuation-view?page=2