Questions
23) All of the following are true about the Patient Protection and Affordable Care Act of...

23) All of the following are true about the Patient Protection and Affordable Care Act of 2010 EXCEPT that ________.

A) individuals cannot be denied health insurance because of a pre-existing condition

B) insurance companies cannot cancel a policy if the insured becomes sick

C) individuals who do not purchase health insurance will be fined

D) children over 21 cannot remain on their parents' policy

29) Most union organizers will NOT continue their organizing efforts unless at least ________ percent of the workers in the workgroup sign authorization cards.

A) 30

B) 40

C) 70

D) 100

30) In conducting a legal campaign to discourage employees from voting for the union, management would most likely ________.

A) tell workers the benefits of remaining union-free

B) threaten workers with loss of their jobs to influence the votes

C) incite racial or religious prejudice by making inflammatory campaign appeals

D) give workers a paid holiday on the day of the vote

31) Mandatory bargaining issues are those which ________.

A) fall within the definition of wages, hours, and other terms and conditions of employment

B) may be raised, but neither side may insist that they bargained over

C) are outlawed, such as the closed shop

D) involve company goals and strategies

35) If union members should reject the proposed labor agreement, ________.

A) the labor contract is void

B) the union's status is in jeopardy

C) it is a clear sign of management victory

D) a new round of negotiations must begin

37) Which of the following is an exception made by courts regarding the employment-at-will doctrine?

A) prohibiting termination on the grounds of public policy

B) permitting claims based on good faith and fair dealing

C) permitting employees to bring claims based on statements made in employment handbooks

D) all of the above

In: Operations Management

In 2019, Pharoah Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares...

In 2019, Pharoah Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Pharoah had revenues of $18,800 and expenses other than interest and taxes of $8,000 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,800 shares of common stock were outstanding; none of the bonds was converted or redeemed.

(a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$

In: Accounting

Serial Problem Business Solutions LO P1, P2 Santana Rey, owner of Business Solutions, realizes that she...

Serial Problem Business Solutions LO P1, P2 Santana Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume that Business Solutions has total revenues of $46,000 during the first three months of 2020, and that the Accounts Receivable balance on March 31, 2020, is $22,617. Required: 1a. Prepare the adjusting entry to record bad debts expense, which are estimated to be 1% of total revenues on March 31, 2020. There is a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31. 1b. Prepare the adjusting entry to record bad debts expense, which are estimated to be 2% of accounts receivable on March 31, 2020. There is a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31. 2. Assume that Business Solutions's Accounts Receivable balance at June 30, 2020, is $20,850 and that one account of $84 has been written off against the Allowance for Doubtful Accounts since March 31, 2020. If Rey uses the method in part 1b, what adjusting journal entry is made to recognize bad debts expense on June 30, 2020?

In: Accounting

In 2019, Marigold Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares...

In 2019, Marigold Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Marigold had revenues of $16,000 and expenses other than interest and taxes of $6,700 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,400 shares of common stock were outstanding; none of the bonds was converted or redeemed.

(a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$

In: Accounting

In 2019, Marigold Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares...

In 2019, Marigold Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Marigold had revenues of $16,000 and expenses other than interest and taxes of $6,700 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,400 shares of common stock were outstanding; none of the bonds was converted or redeemed.

(a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$

In: Accounting

In 2019, Windsor Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares...



In 2019, Windsor Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Windsor had revenues of $17,800 and expenses other than interest and taxes of $10,000 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,900 shares of common stock were outstanding; none of the bonds was converted or redeemed.

(a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$

In: Accounting

In 2019, Bonita Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares...



In 2019, Bonita Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Bonita had revenues of $20,500 and expenses other than interest and taxes of $6,700 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,200 shares of common stock were outstanding; none of the bonds was converted or redeemed.

(a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$


(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$

In: Accounting

Consider the following hypothetical data for the U.S. economy in 2020​ (in trillions of​ dollars), and...

Consider the following hypothetical data for the U.S. economy in 2020​ (in trillions of​ dollars), and assume that there are no statistical​ discrepancies, zero net incomes earned​ abroad, and zero taxes on production and imports of net subsidies. Category Value Category Value Corporate profits before taxes deducted ​$2.7 Exports ​$1.5 Proprietorial income 0.8 Net transfers and interest earnings 2.2 Rent 0.8 Nonincome expense items 1.8 Interest 0.9 Imports 1.8 Wages 8.4 Corporate taxes 0.6 Depreciation 1.2 Social security contributions 2.1 Consumption 12.1 Government spending 1.9 a. Calculate the gross domestic income LOADING.... ​$ nothing trillion.  ​(Enter your response rounded to one decimal​ place.)     Calculate GDP. ​$ nothing trillion.  ​(Enter your response rounded to one decimal​ place.)

In: Economics

On September 29, 2020, two former employees of company NPIC, a manufacturer of pet treats, were...

On September 29, 2020, two former employees of company NPIC, a manufacturer of pet treats, were sentenced to 6 months of imprisonment and 36 months of probation for theft of trade secrets. Zhu was the former R&D head of department NPIC employee for 10 years before he was recruited for a competitor company, Gambol Pet Group CO, Ltd. Another employee Lei, worked with Zhu to illegally download all of R&D process data prior to leaving the company. They used this information for their work at Gambol by saving it on electronic storage devices and to the computers at the competitor company. This was investigated by the Federal Bureau of Investigation and was prosecuted by Andrew Stover the assistant U.S. attorney. Civil litigation is ongoing between the two companies.

please put the summary and your own opinion based on the above information.

In: Accounting

Qualitative Characteristics Foundational Principles Relevance (Feedback & Predictive) Economic entity Representational Faithfulness: complete, neutral, free from...

Qualitative Characteristics

Foundational Principles

Relevance (Feedback & Predictive)

Economic entity

Representational Faithfulness: complete, neutral, free from bias

Control

Comparability (consistency)

Revenue recognition and realization

Verifiability

Matching

Timeliness

Periodicity

Understandability

Monetary Unit

Going Concern

Historical Cost

Fair Value

Full Disclosure

ONLY ONE ANSWER FOR EACH.

  1. A company applies the same accounting principles as the previous year.

  1. A company reports asset at the amount originally paid for them
  1. A large invoice for repair services provided before year end is omitted from the financial statement to ensure there will not be a large variance in the statements from prior periods.

  1. A company uses accruals and deferrals in adjusting the accounts.

  1. A company recognized a large sale that occurred on January 2, 2021 as revenue in the December 31, 2020 financial statements.

In: Accounting