In February 2015, Arctic Cat Inc., acquired the assets and liabilities of MotorFist, LLC, a privately owned company based in Idaho Falls, Idaho, in exchance for $9.118 million in cash and contingent consideration. Referring to Arctic Cats's 2015 annual 10-K report, answer the following questions regarding the MotorFist acquisition. 1. Why did Arctic Cat acquire MotorFist? 2. How was the cosideration transferred allocated between cash paid and the contingent consideration? 3. Provide a schedule showing Arctic Cat's allocations of the consideration transferred to the identifiable assets acquired and liabilities assumed with the remainder going to goodwill.

6 Rembrandt Artist Supplies Company had 10 easels in inventory on January 1, 2019 that cost $10 per easel. On February 1, 2019 it acquired 20 additional easels valued at $12 per easel and acquired an additional 30 easels at $14 an easel on March 1, 2019. On June 1, 2019 Rembrandt made its only sale of easels for the year amounting to 40 easels.

What was the value of Rembrandt's ending inventory and cost of goods sold for the easels at the end of 2019 using the
a. average cost, b. FIFO and c. LIFO methods?

(law question). Fred Maxson owned Canadian Equipment Company. To operate the business, Maxson borrowed funds from Cross Town Bank & Trust. For each loan, Cross Town filed a financing statement that included Maxson’s signature and address, the bank’s name and address, and a description of the collateral. The first loan covered all of Maxson’s equipment, including “any after-acquired property.” The second loan covered a truck crane “whether owned now or acquired later.” The third loan covered a “Bobcat mini-excavator.” Did these financing statements perfect Cross Town’s security interests? Explain.

Jean’s Vegetable Market had the following transactions during 2017: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6-year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $100,000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a long-term investment (cost $3,000) for cash of $8,000. 6. Acquired an investment in IBM stock for cash of $15,000. What is the net cash provided used by investing activities? Question 17 options: $15,000 $33,000 ($7,000) $8,000

Depletion

A coal mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. During the year, 100,000 tons were mined and sold. Prepare the journal entry for the year's depletion expense. If an amount box does not require an entry, leave it blank.

A silver mine was acquired at a cost of $3,000,000 and estimated to contain 750,000 tons of ore. During the year, 125,000 tons were mined and sold. Prepare the journal entry for the year's depletion expense. If an amount box does not require an entry, leave it blank.

Prepare the entries using a general journal.

there are 2 entries per journal

Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions. The four divisional managers are evaluated at year-end, and bonuses are awarded based on ROI. Last year, the company as a whole produced a 13 percent return on its investment.

  During the past week, management of the company’s Northeast Division was approached about the possibility of buying a competitor that had decided to redirect its retail activities. (If the competitor is acquired, it will be acquired at its book value.) The data that follow relate to recent performance of the Northeast Division and the competitor:

Northeast Division .l Competitor

Sales........................................................$8,400,000 l . $5,200,000
Variable costs ..............................................70% of sales l. 65% of sales
Fixed costs ................................................ .$2,150,000 l $1,670,000
Invested capital ............................................ $1,850,000 l. $625,000

Management has determined that in order to upgrade the competitor to Megatronics’ standards, an additional $375,000 of invested capital would be needed.

To do:
1. Compute the current ROI of the Northeast Division and the division’s ROI if the competitor is acquired.
2. What is the likely reaction of divisional management toward the acquisition? Why?
3. What is the likely reaction of Megatronics’ corporate management toward the acquisition? Why?
4. Would the division be better off if it didn’t upgrade the competitor to Megatronics’ standards? Show computations to support your answer.
5. Assume that Megatronics uses residual income to evaluate performance and desires a 12 percent minimum return on invested capital. Compute the current residual income of the Northeast Division and the division’s residual income if the competitor is acquired. Will divisional management be likely to change its attitude toward the acquisition? Why?

Question 41. Where are Peyer's patched located in the body?

QUESTION 42

1. The thymus gland increases in size as we age.

   True

   False

2 points   

QUESTION 43

1. Which type of COVID-19 antibodies are clinicians interested in detecting in recovered patients?

   		IgE.
   		IgD.
   		IgA.
   		IgG.

2 points   

QUESTION 44

1. Which type of immunity would occur from a vaccine for COVID-19 based on its genetic sequence?

   		Naturally acquired active immunity.
   		Naturally acquired passive immunity.
   		Artificially acquired active immunity.
   		Artificially acquired passive immunity.

2 points   

QUESTION 45

1. Which describes the ability of an antibody to bind pathogenic components of toxins and block its toxic effects?

   		Inflammation.
   		Opsonization.
   		Neutralization.
   		Agglutination.

2 points   

QUESTION 46

1. Which cell secrete antibodies?

   		Plasma cells.
   		T cells.
   		Dendritic cells
   		Antigen-presenting cells.

2 points   

QUESTION 47

1. All are cardinal signs of inflammation EXCEPT:

   		Swelling.
   		Heat.
   		Pain.
   		Bruising.

2 points   

QUESTION 48

1. Class II MHC molecules are only found on the surfaces of antigen-presenting cells.

   True

   False

2 points   

QUESTION 49

1. Which are a group of 30 plasma antimicrobial proteins that are activated in a series of enzymatic reactions?

   		Complement.
   		Interferons.
   		Immunoglobulins.
   		Lysozymes.

2 points   

QUESTION 50

1. Which type of cells are reduced in AIDS?

   		Helper T cells.
   		Cytotoxic T cells.
   		Memory T cells.
   		B cells.

C. Adidas Inc. had the following balance sheet on September 30, 2019 (in thousands):

Consider the following transactions that occurred during the first half of October 2019 (in thousands):

1. Inventories were acquired for cash, P160.

2. Inventories were acquired on open account, P190.

3. Unsatisfactory shoes acquired on open account in June were returned for full credit, P40.

4. Equipment of P120 was acquired for a cash downpayment of P30 plus a 6-month promissory note of P90.

5. To encourage wider displays, special store equipment was sold on account to Makati area stores for P400. The equipment had cost P400 in the preceding month.

6. Sarah G. starred in a movie and as a favor to an Adidas executive, she agreed to display Adidas shoes in a basketball scene. No fee was paid by Adidas.

7. Cash was disbursed to reduce accounts payable, P170.

8. Collected cash on account, P180.

9. Borrowed cash from a bank, P500.

10. Sold additional common stock for cash to new investors, P900.

• Prepare an analysis showing the effects of the October transactions on the financial position of Adidas.

• Prepare a balance sheet as of October 15, 2019.

The goal of this exercise is to demonstrate your understanding of the characteristics that influence the choice of business ownership formation.

RT Taxes: After years of preparing taxes for his extended family, Ronald began a tax consultant business from his home office. He hires assistants as needed but does all of the management and main services himself.

Pet Perfect: John with an expertise in sales, and Francine, with an expertise in management, opened a pet shop together, sharing profits and responsibilities equally.

I Scream Inc: A group of friends began an ice cream factory. Because there was a certain amount of risk in whether it would succeed, the friends didn't want to lose their homes over it-plus they wanted to help those with startup costs to have a share of the profits.

Joypass Inc: Samantha, Fabian, and Jonah had a brilliant idea for an online game portal. As a startup, they wanted to retain earnings to survive the initial years, have limited liability should it not succeed, and appear credible when doing business with others.

Drs. O'Reilly: Dr. John O'Reilly and Dr. Sharon O'Reilly decided to open up a practice together after many years working at the hospital. They wanted protection for their personal assets in case of malpractice but wanted to avoid the complexity of traditional incorporating.

Individual Tax Rate: The owner of this organization pays income taxes at an, "individual rate," normally lower than a corporate rate. He or she benefits from tax-exempt accounts for retirement and profit sharing.

No Corporate tax: The owners of this organization pay income taxes on the profits of an individual basis, but the organization does not pay the taxes directly.

Double taxation: Since this organization's profits are taxed at the corporate level and again at the individual level when the dividends are distributed to shareholders, this income is actually taxed twice.

Owners taxed at individual rate: This organization is taxed like a partnership, with owners paying taxes at the individual rate.

Taxed like a partnership: Owners are often called members and pay taxes on income as an individual.

Select from the list below the most appropriate type of business ownership for each company and  taxation type listed above. Note that one taxation type is appropriate to two different types of business ownership.

-Sole proprietorship

- Partnership

-Corporation

-S Corporation

-LLC