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Show comparative net income for 2019 and 2020. Income before
depreciation expense was $310,000 in 2020, and was $340,000 in
2019. (Ignore taxes.)
In: Accounting
WildhorseCorporation is preparing earnings per share data for
2020. The net income for the year ended December 31, 2020 was
$410,000 and there were 59,700 common shares outstanding during the
entire year. Wildhorse has the following two convertible securities
outstanding:
| 10% convertible bonds (each $1,000 bond is convertible into 20 common shares) | $100,000 | |
| 3% convertible $100 par value preferred shares (each share is convertible into 2 common shares) | $53,000 |
Both convertible securities were issued at face value in 2017.
There were no conversions during 2020, and Wildhorse’s income tax
rate is 22%. The preferred shares are cumulative. For simplicity,
ignore the requirement to record the debt and equity components of
the bonds separately.
Calculate Wildhorse’s basic earnings per share for 2020.
(Round answer to 2 decimal places, e.g.
15.25.)
| Basic earnings per share | ||||||||||||||||
Recalculate Wildhorse’s basic and diluted earnings per share
for 2020, assuming instead that the preferred shares pay a 15%
dividend. Calculate the income effect of the dividends on preferred
shares.
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In: Accounting
Bikes-R-Us Company
The company sponsors a defined benefit plan for its 200 employees. On January 1, 2020, the company’s actuary provided the following information:
Accumulated other comprehensive loss (PSC) $240,000
Pension plan assets (fair value and market-related asset value) 450,000
Accumulated benefit obligation $480,000
Projected benefit obligation $520,000
The average remaining service period for the participating employees is 6 years. All employees are expected to receive benefits under the plan. On December 31, 2020, the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $62,000; the projected benefit obligation was $620,000; fair value of pension assets was $515,000; the accumulated benefit obligation amounted to $520,000. The expected return on plan assets and the discount dfevrate on the projected benefit obligation were both 6%. The actual return on plan assets is $15,000. The company’s current year’s contribution to the pension plan amounted to $50,000. No benefits were paid during the year.
(a) Determine the components of pension expense that the company would recognize in 2020. (With only one year involved,you need not prepare a worksheet.)
1(b) Prepare the journal entry to record the pension expense and the company’s funding of the pension plan in 2020.
(c) Compute the amount of the 2020 increase/decrease in gains or losses and the amount to be amortized in 2020 and 2021.
(d) Indicate the pension amounts reported in the financial statement as of December 31, 2020.
In: Accounting
Python 3
A simple way to encrypt a file is to change all characters following a certain encoding rule. In this question, you need to move all letters to next letter. e.g. 'a'->'b', 'b'->'c', ..., 'z'->'a', 'A'->'B', 'B'->'C', ..., 'Z'->'A'. For all digits, you need to also move them to the next number. e.g. '0'->'1', '1'->'2', ..., '9'->'0'. All the other symbols should not be changed.
--2020-10-16 19:32:31-- https://www.stats.govt.nz/assets/Uploads/Business-price-indexes/Business-price-indexes-June-2020-quarter/Download-data/business-price-indexes-june-2020-quarter-csv-corrected.csv Resolving www.stats.govt.nz (www.stats.govt.nz)... 45.60.11.104 Connecting to www.stats.govt.nz (www.stats.govt.nz)|45.60.11.104|:443... connected. HTTP request sent, awaiting response... 200 OK Length: 11924606 (11M) [text/csv] Saving to: ‘business-price-indexes-june-2020-quarter-csv-corrected.csv’ business-price-inde 100%[===================>] 11.37M 4.56MB/s in 2.5s 2020-10-16 19:32:34 (4.56 MB/s) - ‘business-price-indexes-june-2020-quarter-csv-corrected.csv’ saved [11924606/11924606]
In: Computer Science
A protein can fold into three different conformations.
A) If the states are iso-energetic, and the system has 1 mole of protein equally mixed between the three states, what is the entropy change of forcing it all into a single confirmation on a per mole basis? (This might occur for example during the process of crystallization.)
B) Instead imagine that states B and C have a +1 kbT and +2 kbT energy increase compared to state A, respectively. What is the probability of finding the protein in each of the states?
C) For the system in part (B), now what’s the entropy change of forcing the equilibrium mixture all to state A?
In: Chemistry
A single period model has a bank account with interest rate r = 1/9, three states of the world, and two risky assets S1 and S2. The initial prices of S1 and S2 are 63 and 36, respectively. At time 1 the price of S1 is 80, 73, and 60 in states 1, 2, and 3, respectively. At time 1 the price of S2 is 50, 35, and 30 in states 1, 2, and 3, respectively. The three states are equally likely under the statistical probability. Are there any arbitrage opportunities? If so, specify them. If not, then specify all the risk neutral probability measures.
In: Finance
Explain completely.
Make sure and post the question along with the answer.
The three states the economy can be in; Recessionary
Gap, Inflationary Gap and LongRun Equilibrium.
How each of these states are depicted
graphically.
How these three states are represented in the
new PPF developed in this chapter.
At each of the three states, explain what is going on
in the labor market.
I am asking you each to post one YouTube video on the
section I am assigning you. Look for a good video, watch the
entire video and then write two ways specifically it illustrated a
concept in your assigned section of the Key Concepts.
In: Economics
According to constructivism, which of the followings are correct? Please select all that apply.
Group of answer choices
A. Personalities of the world leaders are the main factor shaping global politics.
B. As states interact, they together create collectively held ideas, beliefs and norms.
C. States attach meanings to the material world and these meanings are shaped/constructed by the collectively held ideas, beliefs and norms in the system.
D. States have constant relations among each other and they interact as members of a community, therefore they behave according to the logic of appropriateness in a given context.
E. Anarchy is what states make of it.
In: Economics
Jan 1, 2020 - Issue 1,000 - $1,000 5-year 10% bonds, to yield 8%; Interest is paid semi-annually on June 30th and Dec 31st. (Round all numbers to nearest dollar throughout).
1.Calculate the PV of the bond obligation.
2.Make the original JE for issuance on Jan 1, 2020
3.Prepare the first four lines of the amortization table
4.Make the JEs for June 30 and Dec 31 of 2020.
In: Finance
Omega Coffee Shop enters into a contract with Software Wizards
Co. on May 15, 2020, to deliver 100 bags of ground coffee beans to
Software on June 1. Software agrees to pay $1,000 for the coffee
beans, which cost Omega $6 each. Omega delivers the bags of coffee
beans on June 1, 2020, and receives payment from Software on June
20, 2020.
Prepare the journal entries for Omega Coffee Shop related to this
contract.
In: Accounting