1) What does the subscript "t" as in Pt mean in the HPR formula? a. It means ton of money. b. It means total. c. It's a time-marker. d. It's a tax marker.

2)

So, which of the following does P₂₀₀₇ not mean?

3) If t = 2010 and n = 5, (a) P_t = ___________ and (b) it means ____________ and (c) P_t+n = ____________ and (d) itmeans  ______________

4) Under what circumstance is it appropriate to use geometric AVG?

5) Which of the following is not a correct formula for geometric AVG?

Fargus Corporation owned 61% of the voting common stock of Sanatee, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition price.
On January 1, 2010, Sanatee sold $1,800,000 in ten-year bonds to the public at 108. The bonds pay a 10% interest rate every December 31. Fargus acquired 40% of these bonds on April 1, 2012, for 95% of the face value. Both companies utilized the straight-line method of amortization.

Prepare amortization tables for Fargus (4/1/2012 to 12/31/2013) and Sanatee (1/1/2010 to 12/31/2013)?

Determine whether this is gain/loss on retirement of bond on April 1 2012?

Determine the consolidated interest expense on Dec 31 2012?

If Fargus has net income $200,000 and Sanatee has net income $50,000 in 2012, how much is the consolidated net income?

What consolidation entry would be recorded in connection with these intra-entity bonds on December 31, 2012?  

What consolidation entry would be recorded in connection with these intra-entity bonds on December 31, 2013?

PLS KINDLY ADD THE REFERENCE OF THE ANSWER TO THE QUESTION BELOW

Read/review the articles and websites posted in Module 2 prior to responding to the two questions below.

They are important and will help you in this course and your journey to become a professional nurse.

1) The differentiating factors between occupations and professions are education, theory and research, and a professional framework or model. There have been debates on whether nursing is a "profession" or a skill-based "occupation" has been ongoing for decades. Explain why nursing should or should not be considered a profession. Support your response with reliable, valid sources.

2) Compare and contrast the "nursing model" vs the "medical model". As a future professional nurse, why is it important to understand the differences between these two models/professions? Additionally, discuss why it is best to describe nursing as part of "healthcare system/health professions" rather than the "medical field/medicine".

Articles are

BaccEssentials08-2.pdfPreview the document Nursing Education 2010 Brief-2.pdfPreview the document Institute of Medicine of the National Academies (2010).

The future of nursing: Focus on education report. (Links to an external site.)Links to an external site.

PLS ADD THE REFERENCE TO IT..

The 2010 General Social Survey asked the question: "For how many days during the past 30 days was your mental health, which includes stress, depression, and problems with emotions, not good?" Based on responses from 1,151 US residents, the survey reported a 95% confidence interval of 3.40 to 4.24 days in 2010.


(a) Interpret this interval in context of the data.

• 95% of surveys will report a mean number of ''not good'' days in the past 30 is between 3.40 and 4.24
• The researchers can be 95% confident that the true population mean number of ''not good'' days in the past 30 is between 3.40 and 4.24
• The researchers can be 95% confident that the sample mean number of ''not good'' days in the past 30 is between 3.40 and 4.24

(b) Suppose the researchers think a 99% confidence level would be more appropriate for this interval. Will this new interval be smaller or larger than the 95% confidence interval?

• larger since the standard error would be larger
• smaller since we will be more sure of our results
• larger since the margin for error must be larger
• smaller since we have less room for error

1.As a resident of the United States, if your nominal salary does not increase for three years, your real salary is likely to have declined. T or F.

2. The basket used to calculate the Consumer Price Index in the United States contains one unit of every good that is regularly purchased by the average urban consumer. T or F

3. The consumer price index has a value of 125 in the year 2002 and a value of 150 in the year 2010.

In this case, $500 in the year 2002 has the same purchasing power as how many dollars in the year 2010?

Round to the nearest whole number.

4. The price of gas in 1992 was $1.09 per gallon and in 2013 it was $3.51.

The price index in 1992 was 140 and in 2013 it was 233.

Based on this information:

The percentage change in the nominal price of gas was --- %. Enter a number rounded to two decimal places.

In real terms, the price of gas was cheaper in which year? --- Enter 1992 or 2013.

5. If the average wage paid to the worker was $20 in 2002 and $30 in 2012, then the average worker in the year 2012 must have been better off in terms of being able to purchase more goods and services. T or F

Bargains, Inc. manufactures and markets toys. Selected income statement data from 2010 and 2009 appear below:

Required:

Chapter 7

Develop a response in either Word or Excel and follow the instructions outlined in the Assignments Menu for submission.

On December 31, 2010, Palli Company finished consultation services and accepted in exchange a promissory note with a face value of $240,000, a due date of December 31, 2013, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%.

         The following interest factors are provided:

                                                                                                    Interest Rate       

Table Factors for Three Periods                      5%                  10%

Future value of 1                                          1.15763             1.33100

Present value of 1                                          .86384               .75132

Future value of an ordinary annuity of 1 3.15250             3.31000

Present value of an ordinary annuity of 1 2.72325            2.48685

         REQUIRED

(a) Determine the present value of the note.

Prepare a Schedule of Note Discount Amortization using the effective interest method. (Round to whole dollars.)

Prepare the journal entry to record the acceptance of the note on December 31, 2010.

Prepare the journal entry to record the interest payment received on December 31, 2011

Sticky Wickets manufactures Cricket Bats. In May 2010 the budgeted sales and production were 19,000 bats and the standard cost card is as follows:
                                                                                                             Std Cost                                          Std Cost
Material (2kgs @ $5/kg)                                                                         10
Labour (3 hrs at $12/hr)                                                                         36
Overheads (3 hrs @ $1/hr)                                                                     3
Marginal Cost                                                                                                                                                  49
Selling Price                                                                                                                                                    68
Contribution                                                                                                                                                     19
Total fixed costs in the period were budgeted at $100,000 and were absorbed on the basis of labour hours worked.

In May 2010 the following results were achieved.

40,000kg of wood were bought at a cost of $196,000, this produced 19,200 cricket bats. No inventory of raw materials is held. The labour was paid for 62,000 hours and the total cost was $694,000. Labour worked for 61,500 hours.

Variable overheads in the period were $67,000.

The sales price was reduced to protect the sales levels. However, only 18,000 cricket bats were sold at an average price of $65.

Total fixed costs in May were $107,000.

Required : Calculate the sales, materials, labour, variable overheads, fixed overheads variances and any other appropriate variances in as much detail as possible.

The differences in Sanaol's balance sheet at December 31,2010 and 2009 are presented below:

Increase

(decrease)

Assets

Cash and cash equivalents 120,000

Available -for-sale securities 300,000

Inventory 80,000

Long-term Investments -100,000

Plant Asset 700,000

Accumulated Deprecation 0

TOTAL 1,100,000

Liabilities and Stockholders Equity

Accounts payable and accrued liabilities -5,000

Dividends payable 160,000

Short-term bank debt 325,000

Long-term debt 110,000

Common stock, 10 par 100,000

Additional paid-in capital 120,000

Retained earnings 290,000

TOTAL 1,100,000

The following information relates to 2010

*Net Income was 790,000

* Cash dividends of 500,000 were declared

* Building costing 600,000and having a carrying amount of 350,000was sold for 350,000

*Equipment costing 110,000 was acquired through issuance of long -term debt

*A long-term investment was sold for 135,000

There were no other transactions affecting long- term investments

* 10,000 shares of common stock were issued for 22 a share

In Sanaol's 2010 statement of cash flows . Net cash provided by financing activities was?

a.) 205,000

b.) 150,000

c.) 45,000

d.) 20,000

Calculate:

1) Covariance

2) Expected return on a portfolio XY

2) Risk on a portfolio XY

Weight of each asset is 50%.

Average annual return:

asset X: 11.74%

asset Y: 11.14%

Standard deviation:

asset X: 8.9

asset Y: 2.78