On January 1, 2020, Spalding Company sold 12% bonds having a maturity value of $1,000,000 for $1,075,815, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2020 and they mature on January 1, 2025, with semiannual interest payable on July 1 and January 1 each year. The company uses the effective-interest method. Instructions:

a) Prepare a complete amortization schedule for these bonds in good form.

b) Prepare the journal entry needed to record the issuance of bonds on January 1, 2020.

c) Prepare the journal entry needed to record the payment accrual of interest on July 1, 2020. Show all calculations.

d) Determine how much interest expense will be on the income statement for the year ended December 31, 2020.

e) Show what will be on the balance sheet related to these transactions as of December 31, 2020. Indicate clearly if any assets or liabilities are current or noncurrent.

Clearview Pty Ltd (Clearview) is a manufacturer of glass fencing for swimming pools and balconies. Clearview operates from a large production facility, where it undertakes continuous production 24 hours a day, seven days a week. Also on this site are two warehouses, where the company’s raw materials and finished goods are stored. Clearview’s year end is 30 June. Clearview is finalising the arrangements for the year-end inventory count, which is to be undertaken on 30 June 2017.

The finished glass fence panels are stored within 25 aisles in the first warehouse. The second warehouse is for large piles of raw materials, such as sand, used in the manufacture of glass. The following arrangements have been made for the inventory count:

The warehouse manager will supervise the count, as he is most familiar with the inventory. There will be ten teams of counters and each team will contain two members of staff, one from the finance and one from the manufacturing department. None of the warehouse staff, other than the manager, will be involved in the count.

Each team will count an aisle of finished goods by counting up and then down each aisle. As this process is systematic, it is felt that the team will not need to flag areas once counted. Once the team has finished counting an aisle, they will hand in their sheets and be given a set for another aisle of the warehouse. In addition to the above, to assist with the inventory counting, there will be two teams of counters from the internal audit department and they will perform inventory counts.

The count sheets are sequentially numbered, and the product codes and descriptions are printed on them, but no quantities. If the counters identify any inventory which is not on their sheets, then they are to enter the item on a separate sheet, which is not numbered. Once all counting is complete, the sequence of the sheets is checked and any additional sheets are also handed in at this stage. All sheets are completed in ink. Any damaged goods identified by the counters will be too heavy to move to a central location, hence they are to be left where they are located, but the counter is to make a note on the inventory sheets detailing the level of damage.

As Clearview undertakes continuous production, there will continue to be movements of raw materials and finished goods in and out of the warehouse during the count. These will be kept to a minimum where possible.

The level of work-in-progress in the manufacturing plant is to be assessed by the warehouse manager. It is likely that this will be an immaterial balance. In addition, the raw materials quantities are to be approximated by measuring the height and width of the raw material piles. In the past this task has been undertaken by a specialist; however, the warehouse manager feels confident that he can perform this task.

REQUIRED:

(a) List four (4) sources of information that would be of use in gaining an understanding of Clearview, and for each source describe what information you would expect to obtain.

(b) (i) Identify and explain five (5) internal control weaknesses in the inventory count arrangements of Clearview. (ii) Explain the impact of these weaknesses on the audit.

(c) Describe a recommendation to address each internal control weakness identified in requirement (b)(i).

1. ABC generally causes the least amount of cost distortion among products because indirect costs are allocated to the products based on

On March 8, 2018, President Trump used his authority granted under the Trade Expansion Act of 1962 to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, effective March 28, 2018. Initially, Canada, Mexico, and members of the European Union were exempt from these tariffs, but this exemption was taken away on June 1. Tariffs, or taxes on imported goods, are the most widely used type of trade barrier and are often considered economically inefficient. Do some research on these tariffs and then address the following:

1. What official reason was given for the implementation of these tariffs?
2. Who will receive the most benefit from these tariffs and who will be harmed by them?
3. Relate these tariffs to the economic principle of comparative advantage and discuss what will happen to production and prices of those products that use steel and aluminum.
4. Explain why some American companies might be opposed to these tariffs.
5. What do you think will be the economic consequences of these tariffs, both domestically and globally?
6. Do you believe the implementation of these tariffs was a good idea? Why or why not?

The price of Jamaican Blue Mountain coffee is $100 per bag in 2018. In 2019, it rises to $110 per bag. However, the overall quantity of Jamaican Blue Mountain coffee does not change. What is the most likely explanation?

(A) Both supply and demand increase.

(B) Both supply and demand decrease.

(C) Supply increases, while demand decreases. (D) Supply decreases, while demand increases.

Which of the following is the best example of an inferior good?

(A) A Lamborghini. (B) Instant coffee. (C) Silk scarves. (D) Electricity.

Which of the following is the best summary of Karl Popper's definition of 'science?'

1. (A) Science is the study of the natural world, through observation and experimentation.
2. (B) Science is a set of statements that can be falsfied with data.
3. (C) Science is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe
4. (D) ... Kanye is the GOAT.

Which of the following pairs of goods is most likely to be substitutes?

(A) PS4 and Fortnite.

(B) Marijuana and potato chips. (C) Xbox and Nintendo Switch. (D) Guns and roses.

Segmented Reporting and Variances

Pittsburgh-Walsh Company (PWC) is a manufacturing company whose product line consists of lighting fixtures and electronic timing devices. The Lighting Fixtures Division assembles units for the upscale and mid-range markets. The Electronic Timing Devices Division manufactures instrument panels that allow electronic systems to be activated and deactivated at scheduled times for both efficiency and safety purposes. Both divisions operate out of the same manufacturing facilities and share production equipment.

   PWC’s budget for the year ending December 31, 20x1, follows and was prepared on a business segment basis under the following guidelines:

Variable expenses are directly assigned to the incurring division.

Fixed overhead expenses are directly assigned to the incurring division.

The production plan is for 8,000 upscale fixtures, 22,000 mid-range fixtures, and 20,000 electronic timing devices. Production equals sales.

   PWC established a bonus plan for division management that required meeting the budget’s planned operating income by product line, with a bonus increment if the division exceeds the planned product line operating income by 10 percent or more.

   Shortly before the year began, the CEO, Jack Parkow, suffered a heart attack and retired. After reviewing the 20x1 budget, the new CEO, Joe Kelly, decided to close the lighting fixtures mid-range product line by the end of the first quarter and use the available production capacity to grow the remaining two product lines. The marketing staff advised that electronic timing devices could grow by 40 percent with increased direct sales support. Increases above that level and increasing sales of upscale lighting fixtures would require expanded advertising expenditures to increase consumer awareness of PWC as an electronics and upscale lighting fixtures company. Kelly approved the increased sales support and advertising expenditures to achieve the revised plan. Kelly advised the divisions that for bonus purposes the original product-line operating income objectives must be met, but he did allow the Lighting Fixtures Division to combine the operating income objectives for both product lines for bonus purposes.

   Prior to the close of the fiscal year, the division controllers were furnished with preliminary actual data for review and adjustment, as appropriate. These preliminary year-end data reflect the revised units of production amounting to 12,000 upscale fixtures, 4,000 mid-range fixtures, and 30,000 electronic timing devices and are presented as follows:

   The controller of the Lighting Fixtures Division, anticipating a similar bonus plan for 20x2, is contemplating deferring some revenues to the next year on the pretext that the sales are not yet final and accruing in the current year expenditures that will be applicable to the first quarter of 20x2. The corporation would meet its annual plan, and the division would exceed the 10 percent incremental bonus plateau in 20x1 despite the deferred revenues and accrued expenses contemplated.

Required:

1. Select one benefits that an organization realizes from segment reporting. Evaluate segment reporting on a variable-costing basis versus an absorption-costing basis.
It highlights the profitability of each segment

2. Calculate the contribution margin, contribution margin volume, and sales mix variances. Enter your answers in dollars, rather than in thousands of dollars For example, enter "750,000" rather than "750". If required, round calculations to the nearest cent.

Segmented Reporting and Variances

Pittsburgh-Walsh Company (PWC) is a manufacturing company whose product line consists of lighting fixtures and electronic timing devices. The Lighting Fixtures Division assembles units for the upscale and mid-range markets. The Electronic Timing Devices Division manufactures instrument panels that allow electronic systems to be activated and deactivated at scheduled times for both efficiency and safety purposes. Both divisions operate out of the same manufacturing facilities and share production equipment.

   PWC’s budget for the year ending December 31, 20x1, follows and was prepared on a business segment basis under the following guidelines:

1. Variable expenses are directly assigned to the incurring division.
2. Fixed overhead expenses are directly assigned to the incurring division.
3. The production plan is for 8,000 upscale fixtures, 22,000 mid-range fixtures, and 20,000 electronic timing devices. Production equals sales.

   PWC established a bonus plan for division management that required meeting the budget’s planned operating income by product line, with a bonus increment if the division exceeds the planned product line operating income by 10 percent or more.

   Shortly before the year began, the CEO, Jack Parkow, suffered a heart attack and retired. After reviewing the 20x1 budget, the new CEO, Joe Kelly, decided to close the lighting fixtures mid-range product line by the end of the first quarter and use the available production capacity to grow the remaining two product lines. The marketing staff advised that electronic timing devices could grow by 40 percent with increased direct sales support. Increases above that level and increasing sales of upscale lighting fixtures would require expanded advertising expenditures to increase consumer awareness of PWC as an electronics and upscale lighting fixtures company. Kelly approved the increased sales support and advertising expenditures to achieve the revised plan. Kelly advised the divisions that for bonus purposes the original product-line operating income objectives must be met, but he did allow the Lighting Fixtures Division to combine the operating income objectives for both product lines for bonus purposes.

   Prior to the close of the fiscal year, the division controllers were furnished with preliminary actual data for review and adjustment, as appropriate. These preliminary year-end data reflect the revised units of production amounting to 12,000 upscale fixtures, 4,000 mid-range fixtures, and 30,000 electronic timing devices and are presented as follows:

   The controller of the Lighting Fixtures Division, anticipating a similar bonus plan for 20x2, is contemplating deferring some revenues to the next year on the pretext that the sales are not yet final and accruing in the current year expenditures that will be applicable to the first quarter of 20x2. The corporation would meet its annual plan, and the division would exceed the 10 percent incremental bonus plateau in 20x1 despite the deferred revenues and accrued expenses contemplated.

Required:

1. Select one benefits that an organization realizes from segment reporting. Evaluate segment reporting on a variable-costing basis versus an absorption-costing basis.
It highlights the profitability of each segment

2. Calculate the contribution margin, contribution margin volume, and sales mix variances. Enter your answers in dollars, rather than in thousands of dollars For example, enter "750,000" rather than "750". If required, round calculations to the nearest cent.

Writhe these answers first, and then give the explanation please, thank you.

(1)In response to the financial crisis, the Fed implemented quantitative easing programs mainly to

A   keep inflation from falling.
B   ensure that banks continued to make credit available to the economy.
C   reduce interest rates.
D   reduce the quantity of reserves.

(2)Central bank independence refers to central banks'

A   ability to operate without the financial support of the government.
B   power to negotiate with other central banks or governments in the world.
C   actions above the law.
D   power to make monetary policy decisions without interference from the government.

(3)The Phillips curve captures a

A   negative relationship between the inflation rate and the unemployment rate.
B   negative relationship between real GDP and the unemployment rate.
C   positive relationship between real GDP and the unemployment rate.
D   positive relationship between the inflation rate and the unemployment rate.

(4)The Fed changes the federal funds rate by

A   changing the supply of reserves in the overnight market.
B   changing the interest rates that banks charge consumers.
C   changing banks' reserve requirements.
D   directing banks to charge each other a new rate.

(5)Suppose that the Fed aims at fixing the interest rate. The Fed will respond to an increase in money demand with

• A no policy action.
• B open market purchases.

• C open market sales in some markets and open market purchases in other markets.

• D open market sales.

Current Share Price: $

Discussion: Leadership & Prioritization 22 unread replies.22 replies. You are the RN working on a surgical unit, and you are assigned the following four clients: A 62-year old male with a history of COPD and CHF, who had a cholecystectomy A 28-year old female with a head injury from a motorcycle accident who had burr hole surgery A 43-year old female with controlled AFib who has a broken right leg from falling off a horse A 62-year old college professor who had a stroke while playing tennis Their surgeries were all unremarkable, and they are all 1-day postoperative. You heard the following updates in change-of-shift report this morning: 02 sat 92% on 2L, lung sounds diminished bilaterally, non-productive cough Persistent confusion and slight restlessness, moves all extremities Pain level is 8/10, up from 5/10 last night. Right pedal pulses weak, right foot swollen. Complaining of headache at 10/10, unrelieved by pain medication. Questions:

1.Which of these clients should the nurse see first? Explain your answer.

2 What other information is needed (if any) to make your decision.

3 Use the Nightingale library and the CINAHL search system to find an article from a peer-reviewed journal published in the last 5 that supports the priorities of nursing care you identified.