On 1/1/19, Athlon Company acquired 100% of Opteron Corporation's common stock for $150,000. At the date of acquisition, Operon's common stock was $50,000 and the retained earnings were $60,000. The difference between Opteron's book value and fair value at the date of acquisition was attributable to depreciable fixed assets that had a continuing life of another 10 years.

For 2009, Opteron reported net income of $50,000 and dividends of $45,000.

In 2010, net income of $25,000 and dividends of $30,000 were reported.

In 2011, net income of $10,000 and dividends of $15,000 were reported.

A) How much investment income would Athlon Company report in 2010 under the equity method?

B) What is the investment account balance on Athlon Company's books for its investment in Opteron corporation as of 12/31/11 under the equity method

C) How much investment income would Athlon Company Report in 2011 from its investment in Opteron under the Cost Method?

MSG is a manufacture company which produce automobile. At the beginning of 2010, MSG leases ten automobile to FD under a six-year non-cancellable lease agreement. Information about the lease and the automobile is:
1. Equal annual payments that are due on January 1 each year provide MSG 7% return on net investment (present value factor for 6 periods at 7% is 5.1002).
2. Titles to the automobile pass to FD at the end of the lease.
3. The fair value of each automobile is $35,000. The cost of each car to MSG is $32,000. Each car has an expected useful life of 8 years. No residual value guarantee.
4. Collectability of the lease payments is probable.

a)What type of lease is this for the lessor? Explain.
b)Calculate the annual lease payment for company.
c)Prepare a lease amortization table with dates for MSG for the first three years.
d)Find out the journal entries for the lessor in 2010 to record the lease agreement, the receipt of the lease rentals, and the recognition of revenue.

In 2010 you bought 12 initial public offerings (IPOs) of common equity of which there were 22 in total. You held each of these for approximately one month and then sold them. The 22 IPOs were all for oil- and gas-exploration companies. You submitted a purchase order for approximately $1000 of equity for each one. With 10 of these, no shares were allocated to you. With five of the 12 offerings that were purchased, fewer than the requested number of shares were allocated.

The year 2010 was very good for oil- and gas-exploration companies. For the 22 IPOs the shares were selling on average for 80 percent above the offering price within a month. Yet, you looked at your performance record and found the $8,400 invested in 12 companies had grown to only $10,100, a return of only about 20 percent. (Commissions were negligible). Did you have bad luck or should you have expected to do worse than the average IPO investor? Explain.

Question #1

A) The government of Canada has collected data on the prevalence of 5 chronic diseases over time. The data of the 5 diseases was collected in percent prevalence of Canadians over age 20, over the years 2008, 2010, 2012, 2014. A psychologist is interested in knowing if prevalence rates of the diseases change over time. To examine this, they use a one-way repeated measures ANOVA. Sphericity is assumed.

N=5, K=4

B) Calculate eta squared (effect size) for the result in part A. (Act like f is significant even if it’s not)

C) Whether your omnibus test is significant or not significant, perform 2 different appropriate pos-hoc tests. (Act like f is significant even if it’s not)

The table below shows the life expectancy for an individual born in the United States in certain years.

1. Find the estimated life expectancy for an individual born in 1973

2. Use the two points in part (e) to plot the least squares line on your graph from part (b).

3. Are there any outliers in the data?Yes, 1930 and 2010 are outliers.Yes, 1930 and 1950 are outliers.     Yes, 1950 is an outlier.No, there are no outliers

4. Using the least squares line, find the estimated life expectancy for an individual born in 1870. (Round your answer to one decimal place.)
Does the least squares line give an accurate estimate for that year? Explain why or why not. Yes, because the estimate is over 50 years.No, because 1870 is outside the domain of the least squares line.    

Berkshire Hathaway's 13-F filing for the third quarter of 2010 reported that Warren Buffett had reduced his stake in Nike, Inc. by $224 million, bringing his holding to 7.62 percent of the 480 million outstanding shares. Nike reported a core return on net operating assets (core RNOA) of 32.7 percent in its annual report for the year ended May, 2010. A summary of it balance sheet at fiscal year end follows:

Net operating assets $5,318 million

Net financial assets 4,436

Common equity $9,754 million

In mid-July, at the time that the annual report was published, Nike's shares traded at $68 each. By the end of September, the price had risen to $81.

Calculate the expected return form buying at the market price in mid-July with a forecast that Nike can grow residual operating income at 4 % per year. Now make the same calculation for the Setember price. Do you see why Buffett may have sold?

Please paraphrase or rewrite me this text.
please do not use paraphrasing or rewriting tool

The effect of internal curing in the compressive strength depends on the specific
mixture proportions, curing conditions and testing age. (Bentz et al., 2011 pp. 31)

Use of the LWA will decrease the compressive strength of the concrete in the beginning
of its age. That is expected because the specific gravity of the LWA is lower, therefore
leading to lower strength compared to concrete with normal weight aggregate. Previous
studies have shown though, that the long-term compressive strength will increase when
internal curing is used, so it is likely that concrete with LWA has a higher long-term
compressive strength than concrete with normal weight aggregate. (Kerby, 2010 pp. 10)

Although the internal curing might improve the strength of the paste by providing
additional water to the hydration process, the weakening effect by the weaker and softer
aggregate can affect more to the overall behaviour, reducing the strength. (Schlitter et
al., 2010 pp. 139)

Wyatt Company has budgeted the following units sales for 2011:

January 10,000 units

February 8,000 units

March 9,000 units

April 11,000 units

May 15,000 units

Data regarding Finished Goods and Raw Materials Inventory is as follows:

FINISHED GOODS:

The finished goods units on hand on December 31, 2010 was 2,000 units. Each unit required 2 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales.

RAW MATERIALS INVENTORY:

They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 5,760 pounds of raw materials on hand at December 31, 2010.

How many units should be produced for the first quarter of 2011?

What is the total cost of direct materials purchases for the first quarter of 2011?

Place the letter of the report type that best fits the language presented on the answer line. Each report type may be used more than once or not at all, but each item has only one best answer. If you think more than one answer may apply, choose the BEST answer.

a. Explanatory language

b. Unqualified opinion with qualification for GAAP departure

c. Qualified opinion

d. Qualified opinion because of a scope limitation

e. Qualified opinion because of an ICFR deficiency

f. Qualified opinion because of a GAAP departure

g. Qualified opinion because of a change in accounting standards

h. Qualified opinion because of lack of independence

i. Qualified opinion plus explanatory language

j. Qualified opinion for dual dating

k. Qualified opinion to reflect need to rely on another auditor

l. Disclaimer of opinion because of a scope limitation

m. Disclaimer of opinion because of lack of independence

n. Adverse opinion

o. Combined report with unqualified opinions on financial statements and ICFR

_____1. In our opinion, the Company did not maintain, in all material respects, effective internal control over financial reporting as of March 31, 2010, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO)…

_____2. In addition, as discussed in Note 9 to the consolidated financial statements, effective January 1, 2007, the Company adopted Accounting for Uncertainty in Income Taxes, FASB ASC 740-10.

_____3. We are not independent with respect to XYZ Company, and the accompanying balance sheet as of December 31, 19X1, and the related statements of income, retained earnings, and cash flows for the year then ended. …

_____4. …because of the effects of the matters discussed in the preceding paragraphs, the financial statements referred to above do not present fairly. …

_____5. We have also audited in accordance with the standards of the Public Company Accounting Oversight Board (United States) the company’s internal control over financial reporting as of December 31, 2010, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated August 6, 2011 expressed an unqualified opinion thereon.

_____6. … except for the effects of such adjustments, if any, as might have been determined to be necessary…

_____7. The accompanying financial statements have been prepared assuming that ABC, Inc. will continue as a going concern. As more fully described in Note 1, the Company filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code on January 29, 2010, which raises substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to this matter are also described in Note 1.

_____8. The Company did not make a count of its physical inventory…The Company’s records do not permit the application of other auditing procedures. …the scope of our work was not sufficient to enable us to express. …

_____9. In our opinion, except for the omission of the information discussed in the preceding paragraph….

_____10. In our opinion, based on our audits and the report of other auditors, the financial statements referred to above present fairly, in all material respects…

_____11. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of W Company as of December 31, 2010 and 2009…. Also in our opinion, W Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2010. …

_____12. We did not audit the financial statements of B Company, a wholly-owned subsidiary, which statements reflect total assets and revenues constituting 20 percent and 22 percent, respectively of the related consolidated totals. … In our opinion, based on our audit and the report of the other auditors, the consolidated financial statements referred to above present fairly. …

_____13. In our opinion…the financial statements present fairly… Dated February 16, 2010, except for Note 16, as to which the date is March 1, 2010.

_____14. Except as discussed in the following paragraph, we conducted our audits in accordance with auditing standards…. In our opinion, except for the effects…the financial statements present fairly. …

_____15. As discussed in Note X to the financial statements, the 20X2 financial statements have been restated to correct a misstatement.