Pacific Rim Industries is a diversified company whose products are marketed both domestically and internationally. The company’s major product lines are furniture, sports equipment, and household appliances. At a recent meeting of Pacific Rim’s board of directors, there was a lengthy discussion on ways to improve overall corporate profitability. The members of the board decided that they required additional financial information about individual corporate operations in order to target areas for improvement.

Danielle Murphy, the controller, has been asked to provide additional data that would assist the board in its investigation. Murphy believes that income statements, prepared along both product lines and geographic areas, would provide the directors with the required insight into corporate operations. Murphy had several discussions with the division managers for each product line and compiled the following information from these meetings.

The division managers concluded that Murphy should allocate fixed manufacturing overhead to both product lines and geographic areas on the basis of the ratio of the variable costs expended to total variable costs.

Each of the division managers agreed that a reasonable basis for the allocation of depreciation on plant and equipment would be the ratio of units produced per product line (or per geographical area) to the total number of units produced.

There was little agreement on the allocation of administrative and selling expenses, so Murphy decided to allocate only those expenses that were traceable directly to a segment. For example, manufacturing staff salaries would be allocated to product lines, and sales staff salaries would be allocated to geographic areas. Murphy used the following data for this allocation.

The division managers were able to provide reliable sales percentages for their product lines by geographical area.

Murphy prepared the following product-line income statement based on the data presented above.

Required:

Prepare a segmented income statement for Pacific Rim Industries based on the company’s geographical areas. The statement should show the operating income for each segment. (Round intermediate calculations to 2 decimal places (i.e. 0.1234 is 12.34%) and final answers to the nearest dollar amount.)

QUESTION 31

According to the DSM, ______________ is a clinically significant behavioral and psychological syndrome or pattern that occurs in an individual and that is associated with present distress or disability or with a significantly increased risk of suffering death, pain, disability, or an important loss of freedom.

2.00000 points   

QUESTION 32

Tolerance thresholds are relatively high, and tolerance to independent behavior and a range of deviations from the norm is a description of which culture?

2.00000 points   

QUESTION 33

Psychologists report that people in collectivist cultures are more likely to display repressive adaptive style than people from other groups.

True

False

2.00000 points   

QUESTION 34

Individuals from Western countries are expected to demonstrate a stronger internal locus of control than individuals from non-Western countries.

True

False

2.00000 points   

QUESTION 35

What is the repressive adaptive style of coping with illness?

2.00000 points   

QUESTION 36

Acculturative stress is known more commonly as:

2.00000 points   

QUESTION 37

How are “individualism” and “conformity” related?

2.00000 points   

QUESTION 38

Studies show that some national differences exist in the way people maintain eye contact.

True

False

2.00000 points   

QUESTION 39

Defenders of political censorship argue that restrictions on information are necessary to protect________.

2.00000 points   

QUESTION 40

The innovative project by Iwin Leenen, to educate health in poor rural areas in Guatemala, states in Stage 1:

2.00000 points   

QUESTION 41

A detailed description of known diseases and injuries called the DSM is published by the World Health Organization, a branch of the United Nations.

True

False

2.00000 points   

QUESTION 42

What should a clinical psychologist do when his or her client embraces nonscientific views about the nature of his or her condition?

2.00000 points   

QUESTION 43

The three types of censorship are moral, ideological and :

2.00000 points   

QUESTION 44

The tendency to be closed-minded, rigid, and inflexible in one's opinions and subsequent behavior is called “_____________.”

2.00000 points   

QUESTION 45

In terms of cultural values, the term collectivist refers to a pattern by which a country scores low on the measure of power distance and high on the measure of individualism.

True

False

2.00000 points   

QUESTION 46

Myths and fairy tales from all continents show a consistent pattern: “good” characters are those who obtained their success due to their effort and “bad” individuals are those who enrich themselves by harming others or doing nothing.

True

False

2.00000 points   

QUESTION 47

Anthropologists suggest that territorial behavior is not natural for individuals and social groups.

True

False

2.00000 points   

QUESTION 48

Unfortunately, the Milgram experiment was not conducted in countries outside the United States and researchers had no opportunity to see if this study had cross-cultural validity.

True

False

2.00000 points   

QUESTION 49

Japan has a higher rate of suicide than the United States.

True

False

2.00000 points   

QUESTION 50

In Psychology, “folk beliefs” refer to common assumptions about normal and abnormal psychological functioning.

True

False

Essay United State of America economic issues?

What is the role of the United Nations in world politics?

On March 17, 2020, Union Corporation purchased 500 bonds of AZQ as a long-term investment at $400 per bond. On December 31, 2020, and December 31, 2021, the market value of the AZQ bonds is $420 and $430, respectively.

Required: (1.) What is the appropriate reporting category for this investment? Why? (2.) Prepare the adjusting entry on December 31, 2020. (3.) Prepare the adjusting entry on December 31, 2021.

Throughout 2020, Moon Ltd. had 1,200,000 common shares outstanding. As well, the corporation paid $300,000 in preferred dividends and reported net income of $5,100,000 for 2020. In connection with the acquisition of a subsidiary company in June 2019, Moon is required to issue 50,000 additional common shares on July 1, 2021, to the former owners of the subsidiary.

Moon’s diluted earnings per share for 2020 should be:

. On January 3, 2020, Hanna Corp signed a lease on a machine and the lease commences the same date. The lease requires Hanna too make six annual lease payments of $12000 with the first payment due on December 31, 2020. Hanna could have financed the machine by borrowing at an interest rate of 7%. What entries would the company record on Jan 3 and December 31, 2020 if the lease is classified as a finance lease?

32. Nabors Finance Company reported equipment with an original cost of $379,000 and $344,000 and accumulated depreciation of $153,000 and $128,000, respectively in its financial statements for years ended December 31, 2020 and 2019. During 2020, Nabors purchased equipment costing $50,000 and sold equipment with carrying amount of $9,000. What amount should Nabors report as depreciation expense for 2020?

a. $19,000 c. $31,000 b. $25,000 d. $34,000