How did Ford implement vertical integration?
What benefits were they looking for?
What were the risks involved in the vertical integration?
Why didn't Ford in the early days set out to diversify their product offerings?
In: Operations Management
what are the stories of Adam & Eve and Abraham & Sarah about in and of themselves? What themes do the authors of the New Testament emphasize when discussing these stories? What does this tell us about the beliefs of the early Christians?
In: Psychology
Where did Hip Hop originate? Who are some of the early innovators of Rap? What are some of the major musical developments of Rap/Hip Hop? How does this style of music continue to influence popular music?
In: Operations Management
identify the historical periods or phases in the evolution of the international system and discuss the 4 consequences of the peace of Westphalia treaty: early idealist belief about the international system and how globalization has impacted these key principles today?
In: Psychology
Harper, Inc. acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2017, for $259,200 in cash. The book value of Kinman's net assets on that date was $465,000, although one of the company's buildings, with a $72,200 carrying amount, was actually worth $129,700. This building had a 10-year remaining life. Kinman owned a royalty agreement with a 20-year remaining life that was undervalued by $125,500.
Kinman sold inventory with an original cost of $109,200 to Harper during 2017 at a price of $156,000. Harper still held $16,200 (transfer price) of this amount in inventory as of December 31, 2017. These goods are to be sold to outside parties during 2018.
Kinman reported a $49,800 net loss and a $27,000 other comprehensive loss for 2017. The company still manages to declare and pay a $9,000 cash dividend during the year.
During 2018, Kinman reported a $55,000 net income and declared and paid a cash dividend of $11,000. It made additional inventory sales of $124,000 to Harper during the period. The original cost of the merchandise was $77,500. All but 30 percent of this inventory had been resold to outside parties by the end of the 2018 fiscal year.
Prepare all journal entries for Harper for 2017 and 2018 in connection with this investment. Assume that the equity method is applied. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)
| Date | General Journal | Debit | Credit |
| 1/1/2017 | Investment in Kinman Co | $ | |
| Cash | $ | ||
| (To record initial investment) | |||
| During 2017 | Dividends Receivable | $ | |
| Investment in Kinman Co | $ | ||
| (To record dividend declaration) | |||
| Cash | $ | ||
| Dividends Receivable | $ | ||
| (To record receipt of dividend) | |||
| 12/31/2017 | Equity in Kinman Income - Loss | $ | |
| Other Comprehensive Loss of Kinman | $ | ||
| Investment in Kinman Co | $ | ||
| (To record accrual of income and OCI from equity investee, 40% of reported balances) | |||
| 12/31/2017 | Equity in Kinman Income - Loss | $ | |
| Investment in Kinman Co | $ | ||
| (To record amortization relating to acquisition Of Kinman) | |||
| 12/31/2017 | Equity in Kinman Income-Loss | $ | |
| Investment in Kinman Co | $ | ||
| (To defer unrealized gross profit on intra-entity Sale) | |||
| During 2018 | Dividends Receivable | $ | |
| Investment in Kinman Co | $ | ||
| (To record dividend declaration) | |||
| Cash | $ | ||
| Dividends Receivable | $ | ||
| (To record receipt of dividend) | |||
| 12/31/2018 | Investment in Kinman Co | $ | |
| Equity in Kinman Income | $ | ||
| (To reccord the 40% accrual income as earned by equity investee) | |||
| 12/31/2018 | Equity in Kinman Income | $ | |
| Investment in Kinman Co | $ | ||
| (To record the amortization relating to the Acquisition of Kinman) | |||
| 12/31/2018 | Investment in Kinman Co | $ | |
| Equity in Kinman Income | $ | ||
| (To recognize income deferred from 2017) | |||
| 12/31/2018 | Equity in Kinman Income | $ | |
| Investment in Kinman Co | $ | ||
| (To deferred Unrealized gross profit on intera equity sale) |
In: Accounting
1A) How much should I sell my car for in 5 years if I buy it for
$40,000 and want to lose no more than 10% per year in
depreciation?
1B)What must the EAR be on a 10-year annuity that makes $100 quarterly payments and costs $10,000 today?
In: Finance
In: Economics
Jay Oullette, CEO of Bumper to Bumper Inc., anticipates that his
company's year-end balance sheet will show current assets of
$12,774 and current liabilities of $7,480. Oullette has asked your
advice concerning a possible early payment of $3,770 of accounts
payable before year-end, even though payment isn't due until
later.
Required:
In: Accounting
|
Times (days) |
||||
|
Activity |
Optimistic |
Most Likely |
Pessimistic |
Preceding Tasks |
|
1 |
8 |
10 |
13 |
- |
|
2 |
5 |
6 |
8 |
- |
|
3 |
13 |
15 |
21 |
2 |
|
4 |
10 |
12 |
14 |
1,3 |
|
5 |
11 |
20 |
30 |
4 |
|
6 |
4 |
5 |
8 |
5 |
|
7 |
2 |
3 |
4 |
5 |
|
8 |
4 |
6 |
10 |
7 |
|
9 |
2 |
3 |
4 |
8,6 |
In: Operations Management
In: Psychology