Events and activities happen so fast that there is no time to think or evaluate correct courses of action. Time to meditate and evaluate and think circumspectly has been absorbed in social media communications, emails, and events.
Quality family time with loved ones and children are non existent in many homes. Rarely do families sit down for a family dinner and discuss the events of the day. Informational technology has deteriorated family structure and is a contributor to anti-social behavior in high school teens. This can lead to violent behaviors such as mass shootings within our primary and secondary schools.
Is there substantive data to support this theory? What historical precedent is there to guide how much families should rely on informational technology. What are your conclusions?
In: Psychology
The balance sheet for Tactex Controls Inc., provincially
incorporated in 2018, reported the following components of equity
on December 31, 2019.
| Tactex Controls Inc. | |||
| Equity Section of the Balance Sheet | |||
| December 31, 2019 | |||
| Contributed capital: | |||
| Preferred shares, $1.4 cumulative, unlimited shares authorized; 13,000 shares issued and outstanding | $ | 385,000 | |
| Common shares, unlimited shares authorized; 68,000 shares issued and outstanding | 728,000 | ||
| Total contributed capital | $ | 1,113,000 | |
| Retained earnings | 371,000 | ||
| Total equity | $ | 1,484,000 | |
In 2020 and 2021, the company had the following transactions
affecting shareholders and the equity accounts:
| 2020 | |||
| Jan. | 1 | Sold 23,000 common shares at $9.94 per share. | |
| 5 | The directors declared a total cash dividend of $224,000 payable on Feb. 28 to the Feb. 5 shareholders of record. Dividends had not been declared for the years 2018 and 2019. All of the preferred shares had been issued during 2018. | ||
| Feb. | 28 | Paid the dividends declared on January 5. | |
| July | 1 | Sold preferred shares for a total of $156,100. The average issue price was $20 per share. | |
| Dec. | 31 | Closed the dividend accounts along with the $576,100 credit balance in the Income Summary account. | |
| 2021 | |||
| Sept. | 5 | The directors declared the required cash dividend on the preferred shares and a $0.7 per common share cash dividend payable on October 28 to the October 5 shareholders of record. | |
| Oct. | 28 | Paid the dividends declared on September 5. | |
| Dec. | 31 | Closed the Cash Dividends account along with the $542,500 credit balance in the Income Summary account. | |
Required:
1. Prepare journal entries to record the
transactions and closings for 2020 and 2021. The company uses a
cash dividends account to record declared dividends.
2. Prepare a statement of changes in equity for
the year ended December 31, 2021. (Amounts to be deducted
should be indicated by a minus sign.)
3. Prepare the equity section of the company’s
balance sheet as of December 31, 2021.
In: Accounting
My goal is to be a NC-programmer of CNC machinist.
"Describe/illustrate if all conditions were ideal and you believed that all things were possible, what would you seek to achieve as your life's work or major accomplishment?"
Please write the answer at least 200 words. Thanks.
In: Mechanical Engineering
In: Computer Science
a) “According to the long-run classical model, there will be a decrease in the world interest rate and the world level of investment when the aging populations of industrial countries start running down their savings and, at the same time, the investment appetite of emerging economies begins to slow down.” True/False, explain with the aid of one diagram for the world market for loanable funds. (10 points) Note: The world as a whole is a closed economy.
b) A new study shows that the level of total factor productivity increases and, at the same time, the labour force participation rate falls. According to the long run classical model, what happens to the equilibrium levels of the real interest rate, the real rental price of capital, and the real wage? Explain in words and support your answer by using ONE loanable funds market diagram, ONE labour market diagram, and ONE rental market for capital diagram. (15 points)
In: Economics
Ben Halls is trying to decide whether to lease or purchase a new car costing $18,000. If he leases, he’ll have to pay a $600 security deposit and monthly payments of $450 over the 36-month term of the closed-end lease. Ben could earn 1% on the amount of any down payment or security deposit. On the other hand, if he buys the car then he’ll have to make a $2,400 down payment and will finance the balance with a 36-month loan with a 4% interest rate; he’ll also have to pay a 6 percent sales tax ($1,080) on the purchase price, and he expects the car to have a residual value of $6,500 at the end of 3 years. Ben can earn 4 percent interest on his savings.
Find the total cost of both the lease and the purchase and then recommend the best strategy for Ben.
In: Finance
Sara’s Ice Cream Shop is closed for six months out of the year
but has had the monthly sales amounts listed below for the last
four years.
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Asssuming that there is both seasonality and a trend, estimate monthly sales for each month of the coming year.
| 2021 | |
| MAY | |
| JUNE | |
| JULY | |
| AUGUST | |
| SEPTEMBER | |
| OCTOBER | |
In: Operations Management
To start a three-phase motor, three switches (A, B and C) are required in such a way that its operation occurs only under the following conditions: • When closed only B • When closed only C • When A and B are simultaneously closed and C is not closed • When A and C are simultaneously closed and B is not closed
In: Mechanical Engineering
On January 1, 2020, French Company acquired 60 percent of K-Tech Company for $310,500 when K-Tech’s book value was $410,500. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $207,000. At the acquisition date, K-Tech's trademark (10-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (5-year remaining life) was undervalued by $27,000.
In 2020, K-Tech reports $22,500 net income and declares no dividends. At the end of 2021, the two companies report the following figures (stockholders’ equity accounts have been omitted):
| French Company Carrying Amounts |
K-Tech Company Carrying Amounts |
K-Tech Company Fair Values |
|||||||||
| Current assets | $ | 625,000 | $ | 305,000 | $ | 325,000 | |||||
| Trademarks | 265,000 | 205,000 | 285,000 | ||||||||
| Patented technology | 415,000 | 155,000 | 182,000 | ||||||||
| Liabilities | (395,000 | ) | (125,000 | ) | (125,000 | ) | |||||
| Revenues | (905,000 | ) | (405,000 | ) | |||||||
| Expenses | 495,000 | 305,000 | |||||||||
| Investment income | Not given | ||||||||||
Note: Parentheses indicate a credit balance.
In 2021, assuming K-Tech has declared no dividends, what are the noncontrolling interest’s share of the subsidiary’s income and the ending balance of the noncontrolling interest in the subsidiary?
a) $34,640 and $245,280.
b) $31,960 and $250,640.
c) $26,600 and $234,480.
d) $40,000 and $216,000.
In: Accounting
For this essay, you will conduct research on one of the laws. You will use your research to write a three- to five-page paper on the law you chose that answers the following questions:
When was this law passed and what need or concern did it address?
What were the effects of this law (intended and unintended)?
Who benefited from this law the most? Were any populations affected by it negatively?
What was the public’s reaction to this law? Did it have any negative feedback?
What is the status of this law today? Has it been reformed or changed in any way?
You may research one of the following laws:
The Affordable Care Act (ACA) of 2010
Health Insurance Portability and Accountability Act of 1996 (HIPAA)
The Health Information Technology for Economic and Clinical Health (HITECH) Act
In: Nursing