You work for Altuve Company and you have been asked to research the issues presented in the case and questions and to prepare a memo that addresses the issues and questions.

Altuve Company, an SEC registrant, is a construction company that manufactures commercial and residential buildings. On March 1, 2019, the Company entered into an agreement with a customer, Judge Offices, to construct an office building for a fixed price of $3 million. The Company estimates that it will incur costs of $2 million to complete construction of the office building. The office building will only transfer to Judge Offices once the construction of the entire building is complete. In addition, Judge has various design requirements that would require Altuve to incur significant costs to rework the building prior to selling it to a customer other than Judge.

To construct the office building, Altuve acquires standard materials that it regularly uses in construction contracts for both residential and commercial buildings. These materials are used to manufacture generic component parts for inclusion in Judge Offices’ buildings. These standard materials remain interchangeable with other items until they are deployed in a Judge Offices building. The Company has made the following purchases and incurred the following costs throughout the construction progress:

• As of June 30, 2019, in total, Altuve has purchased $150,000 of component parts. As of June 30, 2019, $50,000 of component parts remain in inventory and $100,000 have been integrated into the project. Further, Altuve has incurred $25,000 of direct costs to integrate the component parts into the Judge Offices construction project during the three months ended June 30, 2019.

• During the three months ended September 30, 2019, Altuve purchased an additional $1,000,000 of component parts ($1,150,000 in total). Of the $1,150,000 of component parts, $350,000 remain in inventory and $600,000 have been integrated into the project during the three months ended September 30, 2019. During the three months ended September 30, 2019, Altuve incurred an additional $100,000 of direct costs to integrate the component parts into the Judge Offices construction project.

• As of September 30, 2019, Altuve determined that the project was over budget and revised its cost estimate from $2 million to $2.5 million.
• As of December 31 2019, the construction project was completed. During the three months ended December 31, 2019, Altuve purchased an additional $850,000 of generic component parts ($2 million in total). Of the $2 million component parts, $0 remain in inventory and $1,300,000 were integrated into the project during the three months ended December 31, 2019. Altuve has incurred $375,000 of direct costs to integrate the component parts into the Judge Offices construction project during the three months ended December 31, 2019.

If Judge Offices cancels the contract, Altuve will be entitled to reimbursement for costs incurred for work completed to date plus a margin of 20 percent, which is considered to be a reasonable margin. Altuve will not be reimbursed for any materials that have been purchased for use in the contract but have not yet been used and are still controlled by Altuve.

Required:

1. Does the performance obligation meet any of the criteria or recognition of revenue over time?
2. How should the entity recognize revenue for the satisfaction of its performance obligation? What amount of revenue should be recognized for the following periods:
3. 1. The three months ended June 30, 2019?
   2. The three months ended September 30, 2019?
   3. The three months ended December 31, 2019?

USE GAAP CODIFICATION (CITATION)

ABC Construction (ABC or the “Company”), an SEC registrant, is a construction company that manufactures commercial and residential buildings. On March 1, 2018, the Company entered into an agreement with a customer, Village Apartments, to construct a residential apartment building for a fixed price of $1.5 million. The Company estimates that it will incur costs of $1 million to complete construction of the apartment building. The apartment building will only transfer to Village Apartments once the construction of the entire building is complete. In addition, Village Apartments has various design requirements that would require ABC to incur significant costs to rework the building prior to selling it to a customer other than Village Apartments.

To construct the apartment building, ABC acquires standard materials that it regularly uses in construction contracts for both residential and commercial buildings. These materials are used to manufacture generic component parts for inclusion in Village Apartments’ residential buildings. These standard materials remain interchangeable with other items until they are deployed in a Village Apartments building. The Company has made the following purchases and incurred the following costs throughout the construction progress:

• As of June 30, 2018, in total, ABC has purchased $75,000 of component parts. As of June 30, 2018, $25,000 of component parts remain in inventory and $50,000 have been integrated into the project. Further, ABC has incurred $12,500 of direct costs to integrate the component parts into the Village Apartments construction project during the three months ended June 30, 2018.

• During the three months ended September 30, 2018, ABC purchased an additional $500,000 of component parts ($575,000 in total). Of the $575,000 of component parts, $325,000 remain in inventory and $200,000 have been integrated into the project during the three months ended September 30, 2018. During the three months ended September 30, 2018, ABC incurred an additional $50,000 of direct costs to integrate the component parts into the Village Apartments construction project.

• As of September 30, 2018, ABC determined that the project was over budget and revised its cost estimate from $1 million to $1.25 million.

• As of December 3, 2018, the construction project was completed. During the three months ended December 31, 2018, ABC purchased an additional $425,000 of generic component parts ($1 million in total). Of the $1 million component parts, $0 remain in inventory and $750,000 were integrated into the project during the three months ended December 31, 2018. ABC has incurred $187,500 of direct costs to integrate the component parts into the Village Apartments construction project during the three months ended December 31, 2018.

If Village Apartments cancels the contract, ABC will be entitled to reimbursement for costs incurred for work completed to date plus a margin of 20 percent, which is considered to be a reasonable margin. ABC will not be reimbursed for any materials that have been purchased for use in the contract but have not yet been used and are still controlled by ABC.

Required:

1. Does the performance obligation meet any of the criteria or recognition of revenue over time?

2. How should the entity recognize revenue for the satisfaction of its performance obligation? What amount of revenue should be recognized for the following periods:

2a. The three months ended June 30, 2018?

2b. The three months ended September 30, 2018?

2c. The three months ended December 31, 2018?

Construction (Nailed It! or the “Company”), an SEC registrant, is a construction company that manufactures commercial and residential buildings. On March 1, 20X1, the Company entered into an agreement with a customer, Village Apartments, to construct a residential apartment building for a fixed price of $1.5 million. The Company estimates that it will incur costs of $1 million to complete construction of the apartment building. The apartment building will only transfer to Village Apartments once the construction of the entire building is complete. In addition, Village Apartments has various design requirements that would require Nailed It! to incur significant costs to rework the building prior to selling it to a customer other than Village Apartments. To construct the apartment building, Nailed It! acquires standard materials that it regularly uses in construction contracts for both residential and commercial buildings. These materials are used to manufacture generic component parts for inclusion in Village Apartments’ residential buildings. These standard materials remain interchangeable with other items until they are deployed in a Village Apartments building. The Company has made the following purchases and incurred the following costs throughout the construction progress:

•As of June 30, 20X1, in total, Nailed It! has purchased $75,000 of component parts. As of June 30, 20X1, $25,000 of component parts remain in inventory and $50,000 have been integrated into the project. Further, Nailed It! has incurred $12,500 of direct costs to integrate the component parts into the Village Apartments construction project during the three months ended June 30, 20X1.

•During the three months ended September 30, 20X1, Nailed It! purchased an additional $500,000 of component parts ($575,000 in total). Of the $575,000 of component parts, $325,000 remain in inventory and $200,000 have been integrated into the project during the three months ended September 30, 20X1. During the three months ended September 30, 20X1, Nailed It! incurred an additional $50,000 of direct costs to integrate the component parts into the Village Apartments construction project.

•As of September 30, 20X1, Nailed It! determined that the project was over budget and revised its cost estimate from $1 million to $1.25 million.

•As of December 31 20X1, the construction project was completed. During the three months ended December 31, 20X1, Nailed It! purchased an additional $425,000 of generic component parts ($1 million in total). Of the $1 million component parts, $0 remain in inventory and $750,000 were integrated into the project during the three months ended December 31, 20X1. Nailed It! has incurred $187,500 of direct costs to integrate the component parts into the Village Apartments construction project during the three months ended December 31, 20X1.

If Village Apartments cancels the contract, Nailed It! will be entitled to reimbursement for costs incurred for work completed to date plus a margin of 20 percent, which is
Case 7: Nailed It! Construction Page 2 Copyright 2018 Deloitte Development LLC All Rights Reserved. considered to be a reasonable margin. Nailed It! will not be reimbursed for any materials that have been purchased for use in the contract but have not yet been used and are still controlled by Nailed It!.

Required:

1.Does the performance obligation meet any of the criteria or recognition of revenue over time?

2.How should the entity recognize revenue for the satisfaction of its performance obligation? What amount of revenue should be recognized for the following periods:

2a.The three months ended June 30, 20X1?

2b.The three months ended September 30, 20X1?

2c.The three months ended December 31, 20X1?

1). with the aid of a diagram describe the three zones found in facultative ponds.

2).Name the bacteria types found in each of the three zones found in the facultative ponds and give the role each bacteria type play in wastewater treatment

3) Explain the interpendence between the algae and bacteria that occur in waste stabilization ponds

#Question/ *Dividend policy relates to the management decision on how much of the company's earnings are to be paid out to shareholders as dividends vs retaining for reinvestment in new opportunities. in general, there are three schools of thought in regards to the relationship between dividend policy and stock value".

-Discuss the THREE (3) schools of thought highlighted in the above statement?

Question 1: A bank A offers its depositors an interest rate of 16.6% compounded semi annually. Bank B also gives its depositors an interest rate of 16% compounded annually. Determine the effective interest rate for each bank and give your recommendation.

Question 2: Ama is considering these three investment projects with the following details: Investment A requires a cash of $70 million at 12.6% compounded semiannually for 5 years. Investment B requires a cash of $65 million at 10% compounded quarterly for 5 years. Investment C requires a cash of $ 45 million at 9.6% compounded monthly for 5 years. Determine the amount of each investment and the interest earned. Recommend one investment plan for Ama and give reason(s) for your choise.

Question 3: You have opened a savings account with bank WAT at the beginning of the year 2001 that pays 15% interest. You deposited $ 5million into the account the very day it was opened. You traveled to UK and came back in November, 2004. There was no withdrawal from your account. You were informed that, with effect from 1^st January 2005, your savings will earn an interest of 12% compounded quarterly. You deposited additional $7million at the beginning of 2005. You requested for your account statement at the end of 2008 financial year. What was your total amount, if there were no bank charges and withdrawals.

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.4% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $86,000 at the end of 2018 and the company’s actuary projects her salary to be $260,000 at retirement. The actuary's discount rate is 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
2. Estimate by the accumulated benefits approach the amount of Davenport’s annual retirement payments earned as of the end of 2018.
3. What is the company’s accumulated benefit obligation at the end of 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
4. If no estimates are changed in the meantime, what will be the accumulated benefit obligation at the end of 2021 (three years later) when Davenport’s salary is $95,000? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

2.Annual retirement payments

3.Accumulated benefit obligation 2018

4.Accumulated benefit obligation 2021

In Python

Create a function called ????. The function receives a "string" that represents a year (the variable with this "String" will be called uve) and a list containing "strings" representing bank accounts (call this list ????).

• Each account is represented by 8 characters. The format of each account number is "** - ** - **", where the asterisks are replaced by numeric characters.

o For example, “59-04-23”.

• The two central characters of the "string" of each account represent the year in which the account was created.

o For example, the account “59-04-23” was created in 2004.

o Assume that all years are from the year 2000 onwards.

• The year in uve is represented by four characters.

o For example, "2001"

• The function must return a list with all the accounts that were created in the year indicated in ???, with each counts without the “-“ symbols.

o For example, if the accounts are [“49-01-26”, “19-01-33”, “99-01-53”, “59-04-23”] and the year of interest is "2001", then the function should return ["490126", "190133", "990153"]; note that the accounts continue in the form of a "string".

• In addition, the function must return the percentage of accounts that were created in the year indicated by ???.

o For example, if the accounts are [“49-01-26”, “19-01-33”, “99-01-53”, “59-04-23”] and the year of interest is "2001", so the function should return 75% (three accounts were created in 2001, and there are four accounts, therefore 100 × 3/4 = 75%)

1. For the following transporters, please describe specifically how they contribute to establishing resting membrane potential making sure to include the direction of ion movement and the effect ion movement has on membrane potential. (3 pts; Shoot for 1-2 complete sentences for each transporter.)
   1. Na⁺/K⁺ pump:
   2. K⁺ leak channel:
   3. Na⁺ leak channel: