Jen, Raks, and Fred are partners with average capital balances during 2019 of P945,000, P477,300, and P324,700, respectively. The partners receive 10% interest on their average capital balances; after deducting salaries of P244,650 to Jen and P165,250 to Fred, the residual profits or loss is divided equally. In 2019, the partnership had a net loss of P251,248 before the interest and salaries to partners. By what amount should Jen’s and Fred’s capital account change – increase (decrease)?
In: Accounting
Corp X has a patent with a book value of $4,000. Before its pending litigation, the company assumed a 3-year useful life of this patent with annual cash inflows of $3,000. After a judge awarded the company a decision defending its patent, the company new expectations increased the useful life of the patent to 5 years, its cash flow to $4,000 a year.
Please provide the accounting issues and how the company should account for this?
In: Accounting
In the Meselson - Stahl experiment, if after the first round of replication, the DNA had been denatured at high temperature before its centrifugation in a column of cesium chloride, which two models would have shown the same sedimentation pattern?
Group of answer choices
semiconservative and dispersive
conservative and dispersive
all three would have shown the same sedimentation pattern
semiconservative and conservative
none of the three would have had the same sedimentation pattern
In: Biology
In: Finance
A uniform stick, mass m and length l, is placed in a horizontal plane by hanging it from a massless string attached to the center. A ball of mass M moving with speed V in the plane of the stick. The ball strikes the stick at a distance d from the center. the collision is elastic. Find the resulting translational and rotational speeds of the stick and the resulting speed of the ball. show that the relative speed of the ball and the point of contact on the stick is the same before and immediately after the collision.
In: Physics
A ball of mass 75g is thrown upward with an initial positive velocity, vi, at position A.
Match the energy transformations taking place for each region of the ball's motion.
Question 23 options:
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In: Physics
What is a codon and how do you identify them in a strand of mRNA? There are 64 potential codons for only 20 amino acids. Why does this occur? Why is it also important to know the start codon before determining what a codon would be in a given strand of mRNA? After answering this first part, explain the difference between the DNA template and coding strands and explain how each strand relates to the mRNA strand that is produced?
In: Biology
Question 3: In your company, there is a manufacturing process that produces a part that inspectors grade as as either 1) Excellent, 2) Fair, or 3) Poor. The probabilities that a part is graded as excellent, fair, and poor are 1/8, 3/8, and 1/2; respectively. A new inspector, Steve, has just started working for your company. After performing three inspections, what is the probability that Steve grades an excellent part before a poor part?
In: Statistics and Probability
Kento purchased a refrigerator–freezer from the Elway Appliance Shop for $900. The purchase was made over the phone, after which Elway sent Kento a letter thanking him for the purchase of the refrigerator-freezer. Before the appliance was delivered to him, Kento telephoned Elway and canceled the purchase. Elway then sued for damages, and Kento raised the defense that the contract was unenforceable. Elway produced a copy of the letter that it sent Kento. Does this letter help Elway to win the case?
In: Accounting
A loan of $10,000 is amortized by equal annual payments for 30 years at an effective annual interest rate of 5%. The income tax rate level is at 25%. Assume the tax on the interest earned is based on the amortization schedule.
a) Determine the income tax in the 10th year
b) Determine the total income taxes over the life of the loan
c) Calculate the present value of the after-tax payments using the before-tax yield rate. Answer to the nearest dollar.
In: Finance