Build a html form with the following elements. The form must be within a table structure.
• Current date: a non-editable
textbox and should be in the format as shown (e.g.
12 October 2020 Monday 05:35 PM)
• Number of weeks till end of the year: a label showing the total
number of weeks from now till 31st Dec 2020. (e.g. 17 days is 2
weeks and 3 days)
In: Computer Science
1. As of December 31, 2020, the Russell Corporation has
10,000 shares ($100 PAR) 10% preferred stockissued and outstanding
20,000 shares of common stock ($10 par value) issued and outstanding
Dividends for 2018 and 2019 have NOT been paid – THEREFORE THERE ARE TWO YEARS OFF DIVIDENDS IN ARREARS ON THE PREFERRED STOCK.
At December 31, 2020, Russell Corp. declares total cash dividends of $500,000 to be paid to both the preferred stockholders and the common stockholders. Fill in the table below to indicate the amount of cash that will be distributed to both the preferred stockholders and the common stockholders, on December 31, 2020, under each of the independentsituations
|
Distributed to preferred stockholders |
Distributed to common stockholders |
|
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Preferred stock is NON cumulative and NON participating |
||
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Preferred stock is cumulative and NON participating |
In: Finance
Saul Goodman, Jesse Pinkman, and Walter White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for Mr. White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021. What was Pinkman’s total share of net income for 2021?
A) $62,160.
B) $101,310.
C) $135,150.
D) $96,000.
E) $111,000.
In: Accounting
Saul Goodman, Jesse Pinkman, and Walter White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following:
(1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year;
(2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages:
(a) 20% for Goodman;
(b) 40% for Pinkman; and
(c) 40% for White.
Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021. What was White’s total share of net income for 2021?
A) $99,060.
B) $126,900.
C) $62,160.
D) $93,060.
E) $96,000.
In: Accounting
Saul Goodman, Jesse Pinkman, and Walter White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021.What was the total capital balance for the partnership at December 31, 2021?
A) $936,000.
B) $805,000.
C) $924,000.
D) $882,000.
E) $860,000.
In: Accounting
Frank operates a construction business in Dallas, Texas. On May 1, 2020, Frank purchased a warehouse for his business. The warehouse cost $1,500,000 ($500,000 for land and $1,000,000 for improvements). In November 2020, Frank purchased the following business property: equipment for $100,000, light-duty truck for $50,000, and office furniture for $50,000. Please calculate Frank’s 2020 depreciation deductions. You can ignore bonus depreciation and Section 179. Be sure to explain your calculations fully.
What income would Frank report if he decided to sell the warehouse and equipment on January 1, 2022 so he could upgrade the business? Assume he could sell the warehouse for $1,500,000 and the equipment for $190,000 ($95,000 for equipment, $47,500 for truck, and $47,500 for office furniture). Be sure to fully explain your answer.
In: Accounting
Sunland Company from time to time embarks on a research program when a special project seems to offer possibilities. In 2019, the company expends $329,000 on a research project, but by the end of 2019 it is impossible to determine whether any benefit will be derived from it.
Part 1
The project is completed in 2020, and a successful patent is obtained. The R&D costs to complete the project are $119,000. The administrative and legal expenses incurred in obtaining patent number 472-1001-84 in 2020 total $18,500. The patent has an expected useful life of 5 years. Record these costs in journal entry form. Also, record patent amortization (full year) in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
In: Accounting
Scott and Laura are married and will file a joint tax return. Laura has a sole proprietorship (not a “specified services” business) that generates qualified business income of $300,000. The proprietorship pays W–2 wages of $40,000 and holds property with an unadjusted basis of $10,000. Scott is employed by a local school district. Their taxable income before the QBI deduction is $386,600 (this is also their modified taxable income).
In: Accounting
On January 1, 2020, Agent Z Company entered into a
lease with Overlord Company for a new equipment.
The lease stipulates that annual payments of P1,000,000 will be
made for five years starting December
31, 2020.
Agent Z Company guaranteed a residual value of P474,060 at the end
of the 5-year period. The
equipment will revert to the lessor at the lease expiration. The
implicit rate for the lease is 16% after
considering the guaranteed residual value. The economic life of the
equipment is 10 years.
Questions:
1. How much is right-of-use asset account on January 1, 2020?
2. The carrying amount of lease liability on December 31, 2021
is
3. What is the carrying amount of right-of-use asset on December
31, 2022?
4. How much is the gain or loss on finance lease to be recognized
at the end of the lease term?
In: Accounting
Assume that today is December 31, 2019, and that the following information applies to Abner Airlines:
After-tax operating income [EBIT(1 - T)] for 2020 is expected to
be $650 million.
The depreciation expense for 2020 is expected to be $110
million.
The capital expenditures for 2020 are expected to be $375
million.
No change is expected in net operating working capital.
The free cash flow is expected to grow at a constant rate of 6% per
year.
The required return on equity is 13%.
The WACC is 12%.
The firm has $210 million of non-operating assets.
The market value of the company's debt is $3.940 billion.
180 million shares of stock are outstanding.
Using the corporate valuation model approach, what should be the company's stock price today? Do not round intermediate calculations. Round your answer to the nearest cent.
$
In: Finance