Questions
Nash Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January...

Nash Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price includes an installation fee, which has a standalone selling price of $42,500. The standalone selling price of the goods is $367,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete.

(a) Prepare the journal entries (if any) to record the sale on January 2, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 2, 2020

enter an account title to record the transaction on January 2, 2017

enter a debit amount

enter a credit amount

enter an account title to record the transaction on January 2, 2017

enter a debit amount

enter a credit amount

enter an account title to record the transaction on January 2, 2017

enter a debit amount

enter a credit amount

(To record sales on account)

Jan. 2, 2020

enter an account title to record the transaction on January 2, 2017

enter a debit amount

enter a credit amount

enter an account title to record the transaction on January 2, 2017

enter a debit amount

enter a credit amount

(To record cost of goods aold)


(b) Nash prepares an income statement for the first quarter of 2020, ending on March 31, 2020 (installation was completed on June 18, 2020). How much revenue should Nash recognize related to its sale to Ricard?

First Quarter

Sales Revenue

$enter a dollar amount

Cost of Goods Sold

enter a dollar amount

Gross Profit

$enter a total amount for this statement

show work and explain

In: Accounting

Current Attempt in Progress On August 15, 2019, Martinez Co. invested idle cash by purchasing a...

Current Attempt in Progress

On August 15, 2019, Martinez Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $738. The notional value of the call option is 820 shares, and the option price is $82. The option expires on January 31, 2020. The following data are available with respect to the call option.


Date

Market Price of Counting
Crows Shares

Time Value of Call
Option

September 30, 2019 $98 per share $369
December 31, 2019 $94 per share 133
January 15, 2020 $96 per share 62


Prepare the journal entries for Martinez for the following dates.

(a) Investment in call option on Counting Crows shares on August 15, 2019.
(b) September 30, 2019—Martinez prepares financial statements.
(c) December 31, 2019—Martinez prepares financial statements.
(d) January 15, 2020—Martinez settles the call option on the Counting Crows shares.


(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.

Date

Account Titles and Explanation

Debit

Credit

(a)

                                                          Aug. 15, 2019Sep. 30, 2019Dec. 31, 2019Jan. 15, 2020

(b)

                                                          Aug. 15, 2019Sep. 30, 2019Dec. 31, 2019Jan. 15, 2020

(To record the change in intrinsic value.)

(To record the time value change.)

(c)

                                                          Aug. 15, 2019Sep. 30, 2019Dec. 31, 2019Jan. 15, 2020

(To record the change in intrinsic value.)

(To record the time value change.)

(d)

                                                          Aug. 15, 2019Sep. 30, 2019Dec. 31, 2019Jan. 15, 2020

(To record the time value change.)

(To record settlement of call option.)

In: Accounting

Income Statement for the year ended December 31, 2020 (millions of $) Revenue (sales) $773 Cost...

Income Statement for the year ended December 31, 2020 (millions of $)

Revenue (sales)

$773

Cost of goods sold

595

Selling, general, and administrative expenses*

130

Loss on disposal of plant**

6

Interest expense

12

Income tax expense

10

    Net income

$ 20

*Includes depreciation expense of $30 million, insurance expense of $8 million, bad debt expense of $6 million, and salaries expense of $86 million.

** During 2020, the company purchased two pieces of equipment costing a total of $36 million. Summer Fun also incurred a loss of $6 million on the sale of a plant.

Balance Sheet at December 31 (millions of $)

2020

2019

Cash

$ 15

  

$    2

Accounts receivable, net

93

79

Inventory

132

120

Prepaid insurance

6

8

Property, plant, and equipment, gross

195

182

Accumulated depreciation

55

35

    Total assets

$386

$356

Accounts payable (inventory)

$ 40

$ 43

Interest payable

5

2

Deferred revenue

4

3

Short-term bank loans

20

35

Long-term debt

115

105

Common stock and additional paid-in capital

105

90

Retained earnings

97

78

    Total liabilities and equity

$386

$356

Question 1: 2020 cash flow from financing activities is a net cash inflow of:

Question 2: 2020 cash flow from operating activites is a net cash inflow of:

Question 3: If the company used the direct method of reporting cash flow from operating activities, the amount of "Cash paid for interest" in 2020 would be:

Question 4: Based on the information above, the company's 2020 cash flow from investing activities should inlclude a cash inflow from the sale of the plant totaling:

In: Accounting

Presented below is selected information for Oriole Company. Answer the questions asked about each of the...

Presented below is selected information for Oriole Company.

Answer the questions asked about each of the factual situations. (Do not leave any answer field blank. Enter 0 for amounts.)

1. Oriole purchased a patent from Vania Co. for $1,140,000 on January 1, 2018. The patent is being amortized over its remaining legal life of 10 years, expiring on January 1, 2028. During 2020, Oriole determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020?

The amount to be reported

$enter the dollar amount to be reported


2. Oriole bought a franchise from Alexander Co. on January 1, 2019, for $320,000. The carrying amount of the franchise on Alexander’s books on January 1, 2019, was $320,000. The franchise agreement had an estimated useful life of 30 years. Because Oriole must enter a competitive bidding at the end of 2021, it is unlikely that the franchise will be retained beyond 2028. What amount should be amortized for the year ended December 31, 2020?

The amount to be amortized

$enter the dollar amount to be amortized


3. On January 1, 2020, Oriole incurred organization costs of $260,000. What amount of organization expense should be reported in 2020?

The amount to be reported

$enter the dollar amount to be reported


4. Oriole purchased the license for distribution of a popular consumer product on January 1, 2020, for $144,000. It is expected that this product will generate cash flows for an indefinite period of time. The license has an initial term of 5 years but by paying a nominal fee, Oriole can renew the license indefinitely for successive 5-year terms. What amount should be amortized for the year ended December 31, 2020?

The amount to be amortized

$enter the dollar amount to be amortized

In: Accounting

The Bank of England will prevent members of its interest rate-setting committee from publishing individual opinions...

The Bank of England will prevent members of its interest rate-setting committee from publishing individual opinions on the economy despite a review of its procedures calling for greater transparency. The Bank said a "collective forecast" will remain the centerpiece of the monetary policy committee's monthly reports, effectively barring members from explaining their views on the likely path of economic growth, inflation, and unemployment. Critics of the Bank's policy said the Bank's governor, Sir Mervyn King, had rejected proposals for the public to see a wider range of views because he wanted to maintain a stranglehold on the direction of policy...In response, the Bank said it agreed some procedures were opaque and there was a need for clear lines of responsibility, but said that criticism of the monetary policy committee, which King chairs, were largely unfounded. Explain why then-Bank of England Governor Mervyn King would want to prevent members of the monetary policy committee from stating their own views. Think about this within the context of inflationary expectations. Why then is the Bank of England calling for greater transparency?

In: Economics

Judgments about physicians' orders: The word autonomy literally means "self-governing." The concept of nursing autonomy can...

Judgments about physicians' orders:

The word autonomy literally means "self-governing." The concept of nursing autonomy can be discussed on two levels: the autonomy of the profession and autonomy of the individual practitioner. Self-regulation is the mark of collective professional autonomy. Individual autonomy involves self-determination, responsibility, accountability, independence, and a willingness to take risks. Autonomy is generally considered to be an important criterion in judging the professional status of occupation. However, we continue to debate whether nurses have autonomy (Burkhardt & Nathaniel (2008). Ethics & Issues (3rd. ed.).

Nurses are frequently asked to give medication with which they are not familiar. Unable to quickly determine the appropriateness or safety of a given drug, nurses may decide to refuse to administer a particular drug. Discuss:

1) What feelings, emotions, and values are involved in the nurse's decision to refuse to follow a physician's order?

2) What are some predictable reactions of the nurse's coworkers, supervisors, and physicians when a nurse refuses to follow a physician's order?

3) What ethical principles can be used to guide such decisions?

4) How is the nurse empowered in these types of situations?

In: Nursing

29) According to Zaller’s “Top of the Head” model, citizens with clear partisan preferences are more...

29) According to Zaller’s “Top of the Head” model, citizens with clear partisan preferences are more likely to:

A) Seek political information

B) Pay the costs to participate in politics

C) Be more exposed to opposing viewpoints on public policy matter

D) Resist Information that does not conform with their partisan preferences

E) Support candidates at all levels of the ballot that match their partisan preferences

32) The spatial model is an example of:

A) Voting based on position issues

B) The importance of party identification

C) Voting on balance issues

D) how the costs of voting introduce bias into representation

E) how heuristics can leader voter astray

42)Which of the following is the best example of collective accountability in congressional elections?

A) holding candidates of the president’s party all accountable for low presidential approval

B) holding candidates accountable for the individual positions they take during a campaign

C) holding candidates accountable on the basis of their partisan affiliation

D) holding candidates accountable for their individual valence characteristics such as honesty and integrity

E) holding incumbents accountable for their individual voting records

please help me!!!

In: Economics

On the basis of the three individual demand schedules below, and assuming these three people are...

On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine (a) the market demand schedule on the assumption that the good is a private good, and (b) the collective demand schedule on the assumption that the good is a public good.



Instructions: Enter only whole numbers in the table below.

Individual #1 Individual #2 Individual #3 Demand Curve -
Private Good
Demand Curve -
Public Good
Price Qd Price Qd Price Qd Price Qd Amount Society is
Willing to Pay
Qd
$16 1 $16 0 $16 1 $16 $ 1
14 2 14 0 14 2 14 2
12 3 12 0 12 3 12 3
10 4 10 1 10 4 10 4
8 5 8 2 8 5 8 5
6 6 6 3 6 6 6 6
4 7 4 4 4 7 4 7
2 8 2 5 2 8 2 8

In: Economics

I need Paraphrase: Mental health is an integral and essential component of health. The WHO constitution...

I need Paraphrase:

Mental health is an integral and essential component of health.
The WHO constitution states: "Health is a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity."

Mental health is fundamental to our collective and individual ability as humans to think, emote, interact with each other, earn a living and enjoy life. On this basis, the promotion, protection and restoration of mental health can be regarded as a vital concern of individuals, communities and societies throughout the world.

  1. Causes

There is no single cause for mental health disorders; instead, they can be caused by

a mixture of biological, psychological and environmental factors.

People who have a family history of mental health disorders may be more prone to developing one at some point.

Changes in brain chemistry from substance abuse or changes in diet can also cause mental disorders.

Psychological factors and environmental factors such as upbringing and social exposure can form the foundations for harmful thought patterns associated with mental disorders.

Only a certified mental health professional can provide an accurate diagnosis of the causes of a given disorder.

In: Psychology

Images of violence are a constant presence on nightly news media. It is no longer an...

Images of violence are a constant presence on nightly news media. It is no longer an oddity as individuals worldwide reek vengeance and mayhem on the innocent. Many people say enough and that it must stop. We blame many factors for all the death and harm, but as yet there is no collective will to make changes necessary to stop it. There are individual and group efforts, as for example the parents at Sandy Hook school where a whole class of first graders were killed. We can blame psychopaths, troubled individuals, availability of guns and knives, and poor parenting. But what really is wrong? Philosophers have discussed this question for thousands of years and many suggest that humans are naturally brutish and aggressive. Some point to cultures which encourage male aggressiveness and violent behavior. While those people debate the why, we need to debate how it can be stopped. In the case of warfare, there are rules for the engagement of war and for conduct during a war. But for everyday living in a world of gangs and drugs, there are no rules. How do good citizens deal with citizens who are not.

What are some ideas that could offer us some hope to create a peaceful world?

In: Psychology