Questions
The following changes took place last year in Pavolik Company’s balance sheet accounts: Asset and Contra-Asset...

The following changes took place last year in Pavolik Company’s balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Stockholders' Equity Accounts Cash $ 5 D Accounts payable $ 35 I Accounts receivable $ 110 I Accrued liabilities $ 4 D Inventory $ 70 D Income taxes payable $ 8 I Prepaid expenses $ 9 I Bonds payable $ 150 I Long-term investments $ 6 D Common stock $ 80 D Property, plant, and equipment $ 185 I Retained earnings $ 54 I Accumulated depreciation $ 60 I D = Decrease; I = Increase. Long-term investments that cost the company $6 were sold during the year for $16 and land that cost $15 was sold for $9. In addition, the company declared and paid $30 in cash dividends during the year. Besides the sale of land, no other sales or retirements of plant and equipment took place during the year. Pavolik did not retire any bonds during the year or issue any new common stock. The company’s income statement for the year follows: Sales $ 700 Cost of goods sold 400 Gross margin 300 Selling and administrative expenses 184 Net operating income 116 Nonoperating items: Loss on sale of land $ (6 ) Gain on sale of investments 10 4 Income before taxes 120 Income taxes 36 Net income $ 84 The company’s beginning cash balance was $90 and its ending balance was $85. Required: 1. Use the indirect method to determine the net cash provided by operating activities for the year. 2. Prepare a statement of cash flows for the year.

In: Accounting

Discuss two hardware devices from 10 years ago that have become obsolete. Explain how changes in...

Discuss two hardware devices from 10 years ago that have become obsolete. Explain how changes in technology contributed to each item’s obsolescence. Provide specific examples to illustrate your ideas.

Think about current hardware commonly used in organizations and predict which device may be obsolete 10 years from now. Justify your selection using reasons, facts, and examples.

In: Computer Science

The following changes took place last year in Pavolik Company’s balance sheet accounts: Asset and Contra-Asset...

The following changes took place last year in Pavolik Company’s balance sheet accounts:

Asset and Contra-Asset Accounts Liabilities and Stockholders' Equity Accounts
Cash $ 12 D Accounts payable $ 42 I
Accounts receivable $ 145 I Accrued liabilities $ 4 D
Inventory $ 70 D Income taxes payable $ 15 I
Prepaid expenses $ 16 I Bonds payable $ 136 I
Long-term investments $ 13 D Common stock $ 59 D
Property, plant, and equipment $ 171 I Retained earnings $ 54 I
Accumulated depreciation $ 53 I

D = Decrease; I = Increase.

Long-term investments that cost the company $13 were sold during the year for $23 and land that cost $22 was sold for $16. In addition, the company declared and paid $30 in cash dividends during the year. Besides the sale of land, no other sales or retirements of plant and equipment took place during the year. Pavolik did not retire any bonds during the year or issue any new common stock.

The company’s income statement for the year follows:

Sales $ 680
Cost of goods sold 400
Gross margin 280
Selling and administrative expenses 184
Net operating income 96
Nonoperating items:
Loss on sale of land $ (6 )
Gain on sale of investments 10 4
Income before taxes 100
Income taxes 30
Net income $ 70

The company’s beginning cash balance was $111 and its ending balance was $99.

Required:

Use the direct method to convert the company's income statement to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.)

CAN YOU PLEASE PROVIDE ME WITH STEP BY STEP SOLUTIONS PLEASE AND THANK YOU!

In: Accounting

Described below are three independent and unrelated situations involving accounting changes. Each change occurs during 2018...

Described below are three independent and unrelated situations involving accounting changes. Each change occurs during 2018 before any adjusting entries or closing entries are prepared. On December 30, 2014, Rival Industries acquired its office building at a cost of $11,400,000. It has been depreciated on a straight-line basis assuming a useful life of 40 years and no residual value. Early in 2018, the estimate of useful life was revised to 28 years in total with no change in residual value. At the beginning of 2014, the Hoffman Group purchased office equipment at a cost of $612,000. Its useful life was estimated to be 8 years with no residual value. The equipment has been depreciated by the sum-of-the-years’-digits method. On January 1, 2018, the company changed to the straight-line method. At the beginning of 2018, Jantzen Specialties, which uses the sum-of-the-years’-digits method, changed to the straight-line method for newly acquired buildings and equipment. The change increased current year net income by $585,000. Required: 1. Identify the type of change. 2. Prepare any journal entry necessary as a direct result of the change as well as any adjusting entry for 2018 related to the situation described. (Ignore income tax effects.)

In: Accounting

Described below are three independent and unrelated situations involving accounting changes. Each change occurs during 2021...

Described below are three independent and unrelated situations involving accounting changes. Each change occurs during 2021 before any adjusting entries or closing entries are prepared.

  1. On December 30, 2017, Rival Industries acquired its office building at a cost of $12,000,000. It has been depreciated on a straight-line basis assuming a useful life of 40 years and no residual value. Early in 2021, the estimate of useful life was revised to 28 years in total with no change in residual value.
  2. At the beginning of 2017, the Hoffman Group purchased office equipment at a cost of $275,000. Its useful life was estimated to be 10 years with no residual value. The equipment has been depreciated by the straight-line method. On January 1, 2021, the company changed to the double-declining-balance method.
  3. At the beginning of 2021, Jantzen Specialties, which uses the straight-line method, changed to the double-declining-balance method for newly acquired vehicles. The change decreased current year net income by $645,000

Prepare any journal entry necessary as a direct result of the change as well as any adjusting entry for 2021 related to the situation described. (Ignore income tax effects.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

No Date General Journal Debit Credit
1 2021 No journal entry required
2 2021 Depreciation expense
Accumulated depreciation

In: Accounting

1) Part A: How do we measure labor productivity? How do changes in labor productivity affect...

1) Part A: How do we measure labor productivity? How do changes in labor productivity affect the U.S. standard of living? Does an increase in labor productivity always leads to an increase in standard of living, explain?

Part B:  According to the life-cycle hypothesis, what is the typical pattern of saving and spending for an individual over his or her lifetime? What impact does this pattern have on the saving rate in the overall economy?   

In: Economics

The following changes took place last year in Pavolik Company’s balance sheet accounts: Asset and Contra-Asset...

The following changes took place last year in Pavolik Company’s balance sheet accounts:

Asset and Contra-Asset Accounts Liabilities and Stockholders' Equity Accounts
Cash $ 6 D Accounts payable $ 36 I
Accounts receivable $ 115 I Accrued liabilities $ 4 D
Inventory $ 70 D Income taxes payable $ 9 I
Prepaid expenses $ 10 I Bonds payable $ 148 I
Long-term investments $ 7 D Common stock $ 77 D
Property, plant, and equipment $ 183 I Retained earnings $ 54 I
Accumulated depreciation $ 59 I

D = Decrease; I = Increase.

Long-term investments that cost the company $7 were sold during the year for $17 and land that cost $16 was sold for $10. In addition, the company declared and paid $30 in cash dividends during the year. Besides the sale of land, no other sales or retirements of plant and equipment took place during the year. Pavolik did not retire any bonds during the year or issue any new common stock.

The company’s income statement for the year follows:

Sales $ 710
Cost of goods sold 400
Gross margin 310
Selling and administrative expenses 184
Net operating income 126
Nonoperating items:
Loss on sale of land $ (6 )
Gain on sale of investments 10 4
Income before taxes 130
Income taxes 39
Net income $ 91

The company’s beginning cash balance was $93 and its ending balance was $87.

Required:

Use the direct method to convert the company's income statement to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.)

In: Accounting

Described below are six independent and unrelated situations involving accounting changes. Each change occurs during 2016...

Described below are six independent and unrelated situations involving accounting changes. Each change occurs during 2016 before any adjusting entries or closing entries were prepared. Assume the tax rate for each company is 40% in all years. Any tax effects should be adjusted through the deferred tax liability account.

a.

Fleming Home Products introduced a new line of commercial awnings in 2015 that carry a one-year warranty against manufacturer’s defects. Based on industry experience, warranty costs were expected to approximate 3% of sales. Sales of the awnings in 2015 were $4,400,000. Accordingly, warranty expense and a warranty liability of $132,000 were recorded in 2015. In late 2016, the company’s claims experience was evaluated and it was determined that claims were far fewer than expected: 2% of sales rather than 3%. Sales of the awnings in 2016 were $4,900,000 and warranty expenditures in 2016 totaled $111,475.

b.

On December 30, 2012, Rival Industries acquired its office building at a cost of $1,180,000. It was depreciated on a straight-line basis assuming a useful life of 40 years and no salvage value. However, plans were finalized in 2016 to relocate the company headquarters at the end of 2020. The vacated office building will have a salvage value at that time of $790,000.

c.

Hobbs-Barto Merchandising, Inc., changed inventory cost methods to LIFO from FIFO at the end of 2016 for both financial statement and income tax purposes. Under FIFO, the inventory at January 1, 2016, is $780,000.

d.

At the beginning of 2013, the Hoffman Group purchased office equipment at a cost of $429,000. Its useful life was estimated to be 10 years with no salvage value. The equipment was depreciated by the sum-of-the-years’-digits method. On January 1, 2016, the company changed to the straight-line method.

e.

In November 2014, the State of Minnesota filed suit against Huggins Manufacturing Company, seeking penalties for violations of clean air laws. When the financial statements were issued in 2015, Huggins had not reached a settlement with state authorities, but legal counsel advised Huggins that it was probable the company would have to pay $290,000 in penalties. Accordingly, the following entry was recorded:


  Loss—litigation 290,000
       Liability—litigation 290,000


     Late in 2016, a settlement was reached with state authorities to pay a total of $449,000 in penalties.

f.

At the beginning of 2016, Jantzen Specialties, which uses the sum-of-the-years’-digits method, changed to the straight-line method for newly acquired buildings and equipment. The change increased current year net earnings by $544,000.

Prepare any journal entry necessary as a direct result of the change as well as any adjusting entry for 2016 related to the situation described. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1

Record journal entry as a direct result of the change.

2

Record adjusting entry for change in warranty.

3

Record journal entry as a direct result of the change.

4

Record adjusting entry for depreciation.

5

Record journal entry as a direct result of the change.

6

Record the adjusting entry for change in inventory cost method.

7

Record journal entry as a direct result of the change.

8

Record adjusting entry for depreciation.

9

Record journal entry as a direct result of the change.

10

Record the adjusting entry for revision of liability.

11

Record journal entry as a direct result of the change.

12

Record the adjusting entry for change in depreciation method from sum-of-the-years’-digits method to straight-line method.

In: Accounting

D, E, F? Thank you a)Why NOx emissions are higher in diesel engines? b)Explain the changes...

D, E, F? Thank you

a)Why NOx emissions are higher in diesel engines?

b)Explain the changes required for using an air conditioning system for a room as a refrigeration system for the storage of frozen food.

(c)If the aim is to reduce CO2 emissions from a car, would you select an engine operating on an Otto cycle or a Diesel cycle? Discuss your selection.

(d)Explain the detailed operation of the Atkinson cycle, and explain why it has been used for many hybrid electric vehicles. Why does the Atkinson cycle have a higher efficiency than the Otto cycle?

(e)In a Rankine cycle, why is it worth bleeding off some of the steam before the HP turbine to preheat the steamentering the boiler?

(f)Explain adiabatic flame temperature

In: Mechanical Engineering

Chapters: CH14: Asking for small favors changes self-perception, introducing ways for big favors. Researchers asked a...

Chapters:

CH14: Asking for small favors changes self-perception, introducing ways for big favors. Researchers asked a group of homeowners to place a large “Drive Carefully” sign on their front lawn. Only 17% agreed. With the second group of homeowners, 76% of people were ok with road traffic people maintaining the sign on their beautiful lawns. What was the difference between two groups? A few weeks earlier group B was asked to display a small non-intrusive window sign asking drivers to slow down. This mental foot-in-the-door technique made homeowners from the group B view themselves as socially responsible and safety-aware, hence a request for a larger favor few weeks later didn’t startle them.

CH15: Labeling people into a social group tends to increase their participation ratio. A group of people was interviewed regarding their voting patterns. Half of them were told that based on their response criteria, they were very likely to vote, since they were deemed to be more politically active. Later on the election day that specific half did indeed turn up a participation rate that was 15% higher than participation of the control group.

CH16: Asking people to substantiate their decision will lead to higher commitment rate on that decision. Researchers called a group of people asking them how likely they were to vote in an upcoming election. Those who responded positively were either asked nothing, or asked why they felt they would vote. Any reason would suffice, but when the election day came, the turnout for the control group (who all responded “Yes” to the question of whether they were going to vote) was 61.5%. Turnout for the group that actually gave a reason (any reason)? 86.7%. A restaurant stopped telling customers “Please call to cancel your reservation” and started asking “Will you call and let us know if you need to cancel?” Net result? Number of reservation no-shows dropped from 30% to 10%.

CH17: Writing things down improves commitment. Group A was asked to volunteer on AIDS awareness program at local schools, and was asked to commit verbally. Group B was asked for the same kind of volunteer project, but was given a simple form to fill in. 17% of volunteers from Group A actually showed up to their assigned local school. From Group B 49% of volunteers showed up.

CH19: Sometimes asking people for help makes them more open. Group A was given some bogus research that included a sum of prize money. After the experiment, the researcher approached them and asked whether it wouldn’t be inconvenient if they had to give the money back, since the researcher was using his own money. Group B was not approached with such request after their portion of bogus experiment was done, and was allowed to keep the money. After this both groups were asked to rate their impression of the researcher. Even though it was the first group who didn’t get to keep any money, all of them consistently rated the researcher higher on likability scale.

CH20: Asking for little goes a long way. Researchers went door-to-door asking for American Cancer Society donations. Group A just asked for a donation, group B ended their spiel with “even a penny would help”. Results? 28.6% response rate for Group A vs. 50% response for Group B.

Assignment:

As powerful as social proof it, the next persuasion tool is even more common and widely used. It taps into a person's own action. In other words, a person can persuaded by her own action.

Read the Yes! book's Chapter 14~17, and 19~20, all those chapters related to the "Consistency" principle.

After reading all the chapters, write an email message that satisfies the requirements below:

(1) Email target audience: Business students at Salem State

(2) Message objectives: To persuade students to complete a specific community service project (you can choose any type of projects, or use your own service project) before graduation.

(3) Persuasion methods: Use one of the Consistency tools you learned from the reading, and use a social proof as an additional push.

(4) Format requirements:

a. Your email's subject line is required.

b. Use [ ] to Indicate sentences that use one or some of the following sentence style:

Participial Phrase

Appositive

Compound sentence with FANBOYS

Complex sentence.

Your writing should include all the four styles, and make sure to use a pair of [ ] at the end of each of those sentences to indicate what style it qualifies. please help me with this assignment.

In: Psychology