Three different companies each purchased trucks on January 1, 2018, for $82,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 79,000 miles in 2018, 56,000 miles in 2019, 51,000 miles in 2020, and 71,000 miles in 2021. Each of the three companies earned $71,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation. Answer each of the following questions. Ignore the effects of income taxes. d-1. Calculate the retained earnings on the December 31, 2021, balance sheet?

Retained Earnings

Company A

Company B

Company C

P9-31A Accounting for notes receivable and accruing interest

Kelly Realty loaned money and received the following notes during 2014.

Note Date Principal Amount Interest Rate Term

(1) Aug.1 $ 24,000 17% 1 year

(2) Nov. 30 18,000 6% 6 months

(3) Dec. 19 12,000 12% 30 days

Requirements

1. Determine the maturity date and maturity value of each note.

2. Journalize the entry to record the inception of each of the three notes and also

journalize a single adjusting entry at December 31, 2014, the fiscal year-end, to

record accrued interest revenue on all three notes. Explanations are not required.

3. Journalize the collection of principal and interest at maturity of all three notes.

Explanations are not required.

Three different companies each purchased trucks on January 1, 2018, for $74,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 80,000 miles in 2018, 60,000 miles in 2019, 45,000 miles in 2020, and 70,000 miles in 2021. Each of the three companies earned $63,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation.

Answer each of the following questions. Ignore the effects of income taxes.

5. Which company will report the lowest amount of cash flow from operating activities on the 2020 statement of cash flows?

You are working in a biotechnology company that specializes in the design of mass spectrometers with the team that develops the velocity selector. As part of the project design, you are in charge to solve the following problem. Molecules of mass 124u (u = 1.661×10−27 kg), have been ionized knocking out one electron, so its charge is ? = +?. The molecules, travelling horizontally, are accelerated until they reach a speed ?0 = 4.80 × 104 m/s, and then pass through a region between two horizontal electrode plates 2.50 cm long, separated a distance 2.00 cm. There is a vertical electric field of magnitude E pointing upwards, between the plates. After the molecules clear the region between the plates, they travel a horizontal distance ? = 1.50 cm (there is no electric field in this region) and must impact on a detector at vertical distance ℎ = 8.10 mm above the location they entered the plates (that is, the vertical displacement, from the time the molecules enter the region between the deflecting plates, until they hit the detector, is 8.10 mm). You must find the magnitude E of the electric field, to produce this result.

Make sure to:

• Draw a picture

• Include sufficient work.

• List any assumptions that may simplify the problem.

Reynolds County has three large trucks with a total net book value of $600,000 and remaining lives of six years with no expected residual value. County officials lease the trucks to the City of Webster on January 1, 2020, for six years. Based on a negotiated annual implicit interest rate of 5 percent, the parties agree on annual payments of $112,581 beginning immediately and each January 1 thereafter. For both governments, the trucks relate to activities maintained with the General Fund. What is the total expense Webster reports on government-wide financial statements for 2020?

what amount of deferred lease revenue will Reynolds report on its statement of net position as of December31,2020, assuming that country recognizes revenue on a straight-line method?

The budgets of three companies yield the following information. fill in the blanks for each missing value. Carey Company: Net sales Revenue ________, Variable Costs 196,000, Fixed Costs 162,000, Operating Income (loss)__________, Units Sold 14,000, Contribution Margin per Unit__________, Contribution Margin Ratio 60%.

Doren Company: Met Sales Revenue 950,000, Variable Costs 760,000, Fixed Costs 100,000, Operating Income(loss)__________, Units Sold_________, Contribution Margin per Unit $76.00, Contribution Margin Ratio____________.

Everest Company: Net Sales Revenue___________, Variable Costs 186,300, Fixed Costs____________, Operating Income (loss) 107,800, Units Sold_____________, Contribution Margin per Unit $18.00, Contribution Margin Ratio 40%.

The following month of April (30 days) financial information was reported by three furniture building companies. Calculate the cash-to-cash cycle time for each of the following furniture building companies: Craig Custom Couch Builders, Tom's Tables, and Jefferson Emerald Design. Which company managed its cash flow best in April?

You have been asked to review the December 31, 2021, balance sheet for Champion Cleaning. After completing your review, you list the following three items for discussion with your superior: An investment of $33,000 is included in current assets. Management has indicated that it has no intention of liquidating the investment in 2022. A $130,000 note payable is listed as a long-term liability, but you have determined that the note is due in 10, equal annual installments with the first installment due on March 31, 2022. Deferred revenue of $69,000 is included as a current liability even though only two-thirds will be recognized as revenue in 2022, and the other one-third in 2023. I need these numbers put into the appropriate classification please.