3: Access Inc. is in operation from last 8 years, and have a balance of $640,000 in the machinery account as at Jan 01, 2000. the remaning life of this machinery is 7 years and had a salvage value of 63000. On August 01, 2000, the Company made additions to the machinery a/c of $98,000. The machinery is expected to produce a total of 200,000 units. The machinery was used in the production in the following manner:

Year Production

2000 13,400

2001 34,200

2002 38,400

2003 39,100

2004 31,900

2005 28,060

2006 14,940

There was another addition to the machineries for $126,000 on Jan 01, 2002. The useful life of the asset is 9 years and it can realize $13,400 at the end of 9 years. On Jan 01, 2006, the company reassessed the useful life of this machiney to be 11 years, while the salvage value remained the same.

On Oct 01, 2005, the company bought an equipemt, which was expected to be used a total of 46,000 machine hours (MH) The equipment was used as per the below mentioned schedule:

2005 $ 1,730

2006 $ 4,200

2007 $ 3,100

2008 $ 4,600

2009 $ 5,900

2010 $ 7,070

At the end of 2010, the company assessed that its original estimation was wrong and the equipment is expected to work only 12,000 more machine hours. During 2011, the equipment was used for 4,800MH, 2012 5,300MH, and rest of the hours were used in 2013.

Prepared a schedule of the machinery and equipment account together.

Show your working notes properly.

Hint: For presentation purpose, you can give numbering to the machinese,

ABC company's vice president of marketing proposes a new program to significantly increase product sales by 250,000 units per year throughout the 1998-2004 period. Specifically, it is suggested that the company take the following actions: A. Spend $2.5 million over the period of 1998-2000 as promotional expenditures - for example, spend $1.0 million each in the years 1998, 1999, and $0.5 million in the year 2000. B. Make a one-time investment of $1.4 million in plants and equipment needed at the beginning of 1998 to generate these additional products. No new warehouse capability is needed. This investment is to be depreciated on a straight-line basis over the seven-year period. There will be no salvage values for these plants and equipment in 2005. It is further assumed that the product unit cost is $8.00 in 1998, and it is estimated to increase by 3 percent per year. The product unit price is $20 in 1998, and it is estimated to change as manifested in the following table: Items 1998 1999 2000 2001 2002 2003 2004 Unit Price $20.00 $20.60 $21.00 $21.15 $21.25 $21.25 $21.00 The SG&A expenditure is estimated at $1.25 million in 1998, and it will increase by 3 percent per year during the six-year period. A corporate tax of 40 percent must be paid for any marginal income. There is an interest charge during this period, and the company's weighted average cost of capital (WACC) is 8 percent. If the company's hurdle rate for this type of investment is 25 percent, and the NPV (Net Present Value) for the proposed marketing initiative is negative at that hurdle rate of 0.25, why would you not recommend the marketing initiative be approved? Explain in depth.

C# programming

This application will calculate the speed of an interstellar spacecraft as it accelerates though our galaxy to explore the stars. The spacecraft is using a new engine technology that continues to accelerate over time with no limit, allowing the spacecraft to reach distant areas of the galaxy at record speed. The spacecraft starts out slowly, but for each day it accelerates, it will double the speed it has attained prior to that point. The spacecraft will accelerate from 0 MPD (Miles Per Day) at launch to 1000 MPD by the end of the first day, and will have covered 500 miles (average speed of (0 + 1000)/2= 500). At the end of day two, it will be up to 2000 MPD (double day one's speed), and will have covered 2000 miles total (the previous day’s 500 miles plus the new day’s average of (1000+2000)/2)). Create an app that allows the user to enter the number of days the spacecraft has been traveling and your app will use the formulae given, plus some looping code, to tell the user what the speed of the spacecraft is (in MPD) at the end of that day. Your app will also calculate the total distance traveled by the spacecraft to the end of that day (also done with the fomulae and some looping code). Create a form with the appropriate controls to get the user input and display the answers correctly. Ensure you do proper data validation so that any mistakes the user makes entering data do not crash the program or create/allow strange results

GDP from each year:

a) Calculate Economic Growth from 2018 to 2023. When is the highest growth?

b) Calculate the Constant GDP of 2018, 2019, 2021, 2022, 2023 based on 2020 price.

An unmarried taxpayer with AGI of $120,000 in 2017 has a tax liability of $21,000. The taxpayer's 2018 AGI and tax liability are $175,000 and $31,000, respectively. To avoid any penalty for underpayment of estimated tax in 2018, the minimum amount the taxpayer must prepay during 2018 is:

A. $21,000

B. $23,100 (marked incorrect on test results already)

C. $27,900

D. $31,000

E. $34,100

. During 2018, a former employee of Staple Company filed a lawsuit alleging age discrimination and asking for damages of $500,000. At December 31, 2018,Staple's legal counsel indicated that the likelihood of losing the lawsuit was possible but not probable and a good estimate for any potential loss is approximately $250,000 based on previous experience with similar cases. How should this suit be handled on the 2018 financial statements?

Newton Labs leased chronometers from Brookline Instruments on January 1, 2018. Brookline Instruments manufactured the chronometers at a cost of $310,000. The chronometers have a fair value of $403,000. Appropriate adjusting entries are made quarterly. (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.) Related Information:

Lease term 5 years (20 quarterly periods)

Quarterly lease payments $22,548 at Jan. 1, 2018, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter. Economic life of asset 6 years

Estimated residual value of chronometers at end of lease term $17,403

Interest rate charged by the lessor 12%

Required:

1. Prepare appropriate entries for Newton Labs to record the arrangement at its commencement, January 1, 2018, and on March 31, 2018.

2. Prepare appropriate entries for Brookline Instruments to record the arrangement at its commencement, January 1, 2018, and on March 31, 2018.

Newton Labs leased chronometers from Brookline Instruments on January 1, 2018. Brookline Instruments manufactured the chronometers at a cost of $130,000. The chronometers have a fair value of $169,000. Appropriate adjusting entries are made quarterly. (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. Prepare appropriate entries for Newton Labs to record the arrangement at its commencement, January 1, 2018, and on March 31, 2018.
2. Prepare appropriate entries for Brookline Instruments to record the arrangement at its commencement, January 1, 2018, and on March 31, 2018.
  

The following data relate to the accounts of LIK Cooperation.  Prepare the necessary adjusting journal entries indicated by each item for the year ended December 31, 2018.

A.        A four-year insurance policy was purchased on April 1, 2018.  The $96,000 insurance premium was fully paid on that date and a debit to prepaid insurance was recorded.

B.        Unpaid salaries at year-end amount to $200,550.

C.        Pruitt Corp. rents out some of its office space to Alliance Corp at $2,400 per month.  On November 1, 2018, Pruitt Corp. recorded a credit to Rent Revenue for receipt of a rent payment of $7,200 from Alliance Corp. to cover rent from November 1, 2018 to January 31, 2019.

D.        Pruitt Corporation holds bonds of another corporation.  The bonds were purchased by Pruitt on June 30, 2018.  Interest in the amount of $1,100 is received each year every June 30^th.         

            i)          Prepare any necessary adjusting entries on December 31, 2018.

            ii)        Prepare the journal entry to record the receipt of interest on June 30, 2019.