Questions
I have a python dictionary with the following format Key Type Value January str ['January 01...

I have a python dictionary with the following format

Key Type Value

January str ['January 01 2020', 'January 02 2019', 'January 03 2018']

June str ['June 04 2018', 'June 05 2018', 'June 06 2016]

August str ['Augsut 07 2016', 'August 08 2016']

How do return the following conclusion with python code?

January has the most day (1) in 2020

January has the most day (1) in 2019

June has the most days (2) in 2018

August has the most days (2) in 2016

In: Computer Science

Product ​ Quantity 2017 Price 2017 Quanity 2018 Price 2018 Meat 100 $10 120 $12 Potatoes...

Product
Quantity 2017 Price
2017
Quanity
2018
Price
2018
Meat 100 $10 120 $12
Potatoes 200 $2 180 $3

Assume the base year is given as 2017 and the market basket for the consumer price index has two products–meat and potatoes–with the values in 2017 and 2018 for price and quantity given by the table above. The Consumer Price Index for 2018 equals

2)

If the price index in an certain economy rises in three consecutive years from 100 to 120 to 140, then such an economy is experiencing

constant annual inflation

disinflation

deflation

appreciating inflation

In: Economics

Scorpion Industries had one patent recorded on its books as of January 1, 2018. This patent...

Scorpion Industries had one patent recorded on its books as of January 1, 2018. This patent had a book value of $210,000 and a remaining useful life of 7 years. During 2018, Scorpion brought a patent infringement suit against a competitor. On October 1, 2018, Scorpion received the goods news that its patent was valid and that its competitor could not use the process Scorpion had patented. The company incurred $90,000 to defend this carrying value of the patent. Compute the patent that would be reported on the December 31, 2018, balance sheet, assuming monthly amortization of carrying value of the patents.

In: Accounting

During 2018, EFG Company has the following selected transactions occurred in the order given. Please prepare...

During 2018, EFG Company has the following selected transactions occurred in the order given. Please prepare the necessary journal entries to record these transactions for sub-questions 1-8, and answer in short essays or bullet points for sub-question 9. If there is no journal entry necessary, write “no entry needed”.

Questions:

  1. On March 1, EFG company issued 2,000 shares of common stock (par value $1 per share) at the initial public offering. The market price was $15. Prepare the necessary journal entry to record the stock issuance. (1 point)
  1. On April 1, the company declared the dividend of $1 per share to be paid on April 20, 2018. (1 point)
  1. On April 10, 2018, the company records the shareholders who will receive the dividends. (1 point)
  1. On April 20, 2018, the company paid the dividend to its shareholders. (1 point)
  1. On September 1, 2018, the company issued 50% stock dividend to each share. (2 points)

  1. On October 1, 2018, the company announced a stock split of 2-for-1. (1 point)

  1. On Nov. 1, 2018, the company repurchased 1000 shares from the market, paying $6000 cash in total. (1 point)
  1. On Nov. 15, 2018, the company reissued 500 shares to the market at $8 per share. (1 point)
  1. What are the primary differences and similarities between stock split and stock dividends? Name at least three similarities and three differences. (3 points)

In: Accounting

QS 12-19 Indirect: Preparing statement of cash flows LO P1, P2, P3 MONTGOMERY INC. Comparative Balance...

QS 12-19 Indirect: Preparing statement of cash flows LO P1, P2, P3

MONTGOMERY INC.
Comparative Balance Sheets
December 31, 2018 and 2017
2018 2017
Assets
Cash $ 78,500 $ 78,600
Accounts receivable, net 16,700 20,400
Inventory 149,700 117,900
Total current assets 244,900 216,900
Equipment 82,900 69,800
Accum. depreciation—Equipment (37,500 ) (25,700 )
Total assets $ 290,300 $ 261,000
Liabilities and Equity
Accounts payable $ 39,900 $ 42,700
Salaries payable 700 1,000
Total current liabilities 40,600 43,700
Equity
Common stock, no par value 210,200 195,500
Retained earnings 39,500 21,800
Total liabilities and equity $ 290,300 $ 261,000
MONTGOMERY INC.
Income Statement
For Year Ended December 31, 2018
Sales $ 76,100
Cost of goods sold (31,600 )
Gross profit 44,500
Operating expenses
Depreciation expense $ 11,800
Other expenses 9,400
Total operating expense 21,200
Income before taxes 23,300
Income tax expense 5,600
Net income $ 17,700


Additional Information

  1. No dividends are declared or paid in 2018.
  2. Issued additional stock for $14,700 cash in 2018.
  3. Purchased equipment for cash in 2018; no equipment was sold in 2018.


1. Use the above financial statements and additional information to prepare a statement of cash flows for the year ended December 31, 2018, using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
  

In: Accounting

Bill is single and has the following information for 2018. What is his AGI after considering...

Bill is single and has the following information for 2018. What is his AGI after considering all of this information?

  • Bill is an executive and has $400,000 of salary income.

  • Bill owns 100% of Holtz, Inc. Holtz is a C corporation with $2,000,000 of taxable income for 2018. Bill receives a $75,000 cash dividend.

  • Bill owns 100% of Wallace Enterprises. Wallace is an S corporation. Bill does not materially participate in the S corporation. His basis in the stock is $70,000 before considering any of the 2018 transactions. Wallace Enterprises reports the following information for 2018:

    Ordinary loss from business activities

    $ (35,000)

    Municipal bond interest income

    10,000

    Cash distribution paid by Wallace to Bill

    12,000

  • Bill owns an interest in Master, LLC, in which he materially participates. The LLC has a loss for 2018, and his share of the LLC’s loss is ($40,000). His basis in the partnership before the loss is $90,000. In addition, the partnership distributes $20,000 to Bill in 2018.

  • Bill also owns a limited partnership interest in Kearns Ltd. His basis in the partnership interest is $80,000 before considering any of the 2018 transactions. Bill’s K‑1 shows that his share of the partnership items for 2018 is as follows:

Ordinary income from business activities

$ 27,000

Interest income from bank account

2,100

Dividend income

4,000

Long term capital gain

13,000

Short-term capital loss

(18,000)

Charitable contributions

(6,000)

Cash distribution to Bill

12,000

In: Finance

1. Heron, Inc. is a company that re-sells one product, a lawn chair. A contractor makes...

1. Heron, Inc. is a company that re-sells one product, a lawn chair. A contractor makes the product exclusively for Heron, so Heron has no manufacturing costs. Henron sells each chair for $10 per unit, but plans to raise the sales price to $11.00 per unit beginning May 1, 2018 2. The estimated sales (in units) are as follows: Nov 17 Dec 17 Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 12,000 13,000 9,000 10,000 13,000 15,000 18,000 18,000 17,000 3. They expect that 60% of any month’s sales are for cash, and the remaining 40% are on credit. Of the credit sales, they expect to collect 20% in the month of the sale, 70% in the following month, and 10% in the month after that. 4. The firm’s policy regarding inventory is to stock (i.e. have in ending inventory) 30% of the estimated sales for the next month. 5. Each lawn chair costs Henron $6. They plan to pay for 30% of the inventory purchases in the month of purchase, and pay the remaining 70% the following month (i.e. all of the previous month’s Accounts Payable are paid off by the end of any month.)

Henron, Inc.
Sales Budget
For the 6 mos ending June 30, 2018
Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018 Apr 2018 May 2018 Jun 2018 6 mos total
Budged unit sales
Selling price per unit
Total Sales Revenue
Cash Sales % 60%
Credit Sales % 40%

In: Accounting

On January 1, 2018, Oriole Corp. had 459,000 shares of common stock outstanding. During 2018, it...

On January 1, 2018, Oriole Corp. had 459,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1 Issued 126,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 101,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1

Reissued 62,000 shares of treasury stock

Determine the weighted-average number of shares outstanding as of December 31, 2018.
The weighted-average number of shares outstanding
Assume that Oriole Corp. earned net income of $3,383,000 during 2018. In addition, it had 96,000 shares of 10%, $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). (Round answer to 2 decimal places, e.g. $2.55.)
Earnings Per Share

Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $434,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

In: Accounting

Campbell Manufacturing Company was started on January 1, 2018, when it acquired $89,000 cash by issuing...

Campbell Manufacturing Company was started on January 1, 2018, when it acquired $89,000 cash by issuing common stock. Campbell immediately purchased office furniture and manufacturing equipment costing $7,700 and $26,500, respectively. The office furniture had an 8-year useful life and a zero salvage value. The manufacturing equipment had a $4,000 salvage value and an expected useful life of three years. The company paid $11,600 for salaries of administrative personnel and $15,100 for wages to production personnel. Finally, the company paid $14,300 for raw materials that were used to make inventory. All inventory was started and completed during the year. Campbell completed production on 4,500 units of product and sold 3,550 units at a price of $15 each in 2018. (Assume that all transactions are cash transactions and that product costs are computed in accordance with GAAP.)

Required

Determine the total product cost and the average cost per unit of the inventory produced in 2018. (Round "Average cost per unit" to 2 decimal places.)

Determine the amount of cost of goods sold that would appear on the 2018 income statement. (Do not round intermediate calculations.)

Determine the amount of the ending inventory balance that would appear on the December 31, 2018, balance sheet. (Do not round intermediate calculations.)

Determine the amount of net income that would appear on the 2018 income statement.

Determine the amount of retained earnings that would appear on the December 31, 2018, balance sheet.

Determine the amount of total assets that would appear on the December 31, 2018, balance sheet.

In: Accounting

On January 1, 2018, Sweet Corp. had 472,000 shares of common stock outstanding. During 2018, it...

On January 1, 2018, Sweet Corp. had 472,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1 Issued 125,000 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 63,000 shares of treasury stock

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

The weighted-average number of shares outstanding ___________________________???

( B) Assume that Sweet Corp. earned net income of $3,568,000 during 2018. In addition, it had 101,000 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). (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share $__________________????

( C) Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings Per Share $_________________????

(C)Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $422,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Income Statement

$
$
   $

In: Accounting