Questions
Please answer these questions and write a paragragh. (250+words) 1) Is the UN effective/necessary? 2) Would...

Please answer these questions and write a paragragh. (250+words)

1) Is the UN effective/necessary?

2) Would a form of military for enforcement aid the effectiveness of the UN?

3) How else can collective actions be solved without international institutions?

In: Economics

In your own words, describe the "traditional" and "labor union as a collective voice" views of...

In your own words, describe the "traditional" and "labor union as a collective voice" views of how labor unions impact labor productivity. Be sure to describe the justification that each viewpoint uses to support their argument.

(In your own words plagarism check)

In: Economics

explain the increase in blood lactate which occurs above 50-60% Vo2max? Blood lactate is the buffered...

explain the increase in blood lactate which occurs above 50-60% Vo2max? Blood lactate is the buffered form of lactic acid derived from cellular anaerobic glycolysis. (HINT: connect motor unit recruitment order with collective metabolism).

In: Anatomy and Physiology

DeZurik Corp. had the following stockholders’ equity section in its June 30, 2020, balance sheet (in...

DeZurik Corp. had the following stockholders’ equity section in its June 30, 2020, balance sheet (in thousands, except share and per share amounts):

June 30 (in thousands)

2020

2019

Paid-in capital:

$4.50 Preferred stock, $ ? par value, cumulative, 150,000 shares authorized, 64,000 shares issued and outstanding

$

5,760

Common stock, $5 par value, 4,000,000 shares authorized, 1,640,000 shares issued, 1,500,000 shares outstanding

Additional paid-in capital on common stock

22,960

Retained earnings

Less: Treasury common stock, at cost, ? shares

Total stockholders' equity

$

52,922

$

48,000

The transactions affecting the stockholders’ equity accounts of DeZurik Corp. for the year ended June 30, 2020, are summarized here:

160,000 shares of common stock were issued at $21.25 per share.

40,000 shares of treasury (common) stock were sold for $21 per share.

Net income for the year was $1,480 (in thousands).

The fiscal 2020 preferred dividends were paid in full. Assume that all 64,000 shares were outstanding throughout the year ended June 30, 2020.

A cash dividend of $0.30 per share was declared and paid to common stockholders. Assume that transactions 1 and 2 occurred before the dividend was declared.

The preferred stock was split 2 for 1 on June 30, 2020. (Note: This transaction had no effect on transaction 4.)

Required:

a-1. Record the effect of transactions 1–6 in journal entry format.

a-2. Calculate the dollar amounts that DeZurik Corp. would report for each stockholders’ equity caption on its June 30, 2020, balance sheet, after recording the effects of transactions 1–6. Also the treasury stock was purchased at $21.

b. Indicate how the stockholders’ equity caption details for DeZurik Corp. would change for the June 30, 2020, balance sheet, as compared to the disclosures for the 2019 balance sheet.

c. What was the average issue price of common stock shown on the June 30, 2020, balance sheet?

In: Accounting

Tomy is a key customer of Rubber (Pty) Ltd (hereafter Rubber), a well-established South African shoe...

Tomy is a key customer of Rubber (Pty) Ltd (hereafter Rubber), a well-established South
African shoe sole provider. The two companies share the same year-end.
When Tomy experienced the sudden increase in sales, Rubber extended an interest-free loan
of R2 050 000 on 1 February 2020 in order to enable Tomy to cater for the increase in supply.
Tomy used the loan immediately as follows:
 Purchase of land – R350 000
 Construction of factory building on land purchased (completed 1 July 2020 and brought
into use immediately after completion) – R1 200 000
 Purchase of Machine B (new) – R800 000 (brought into use on 1 July 2020)
 Deductible expenditure – R200 000
 Purchase of Trading Stock – R500 000 ( R50 000 still on hand on 31 December 2020)
Tomy was able to justify the loan and repayments of the loan as the company signed a contract
with a local customer on 15 December 2019 and delivered R1 200 000 of takkies on
1 February 2020. The local customer informed Tomy during August 2020 that they were
liquidated and that Tomy will not receive any further payment from them. Tomy has written off
the outstanding debt as bad debts at the end of the financial year.
In an attempt to raise cash reserves, Tomy issued 100 000 ordinary shares on
18 August 2020, of which Rubber purchased 88 000 shares. Rubber did not own any of Tomy’s
shares before this date. Tomy now has 120 000 ordinary shares in issue.
Tomy approached Rubber as Tomy was not able to repay the amount due on the outstanding
loan. The total amount was still due. Rubber acknowledged that Tomy’s financial situation was
due to unforeseen circumstances and agreed to write off 80% of each of the balances owing
by Tomy, except for the land that Rubber agreed to write off the full amount owing on
30 December 2020.

REQUIRED
Calculate and motivate the income tax consequences of the above transactions and events
for Tomy for the year of assessment ended on 31 December 2020

In: Accounting

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Revenue 4,500 6,860 8,409 9,082...

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Revenue 4,500 6,860 8,409 9,082 9,808 10,593 11,440 12,355 13,344 14,411
Revenue Growth 52.4% 22.6% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0%
Production Costs
Fixed Production Expense (excl depreciation) 575 575 587 598 610 622 635 648 660 674
Variable Production Costs 2,035 3,404 4,291 4,669 5,078 5,521 6,000 6,519 7,079 7,685
Depreciation 152 152 152 152 164 178 192 207 224 242
Total Production Costs 0 2,762 4,131 5,029 5,419 5,853 6,321 6,827 7,373 7,963 8,600
Selling, General & Administrative 1,250 1,155 1,735 2,102 2,270 2,452 2,648 2,860 3,089 3,336 3,603
Total Operating Expenses 1,250 3,917 5,866 7,132 7,690 8,305 8,969 9,687 10,462 11,299 12,203
Operating Profit (1,250) 583 994 1,277 1,392 1,503 1,623 1,753 1,893 2,045 2,209
Working Capital Assumptions:
Minimum Cash Balance as % of Sales 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%
Days Sales Outstanding 59.2x 59.2x 59.2x 59.2x 59.2x 59.2x 59.2x 59.2x 59.2x 59.2x
Inventory Turnover (prod. cost/ending inv.) 7.7x 8.3x 12.7x 12.7x 12.7x 12.7x 12.7x 12.7x 12.7x 12.7x
Days Payable Outstanding (based on tot. op. exp.) 30.8x 30.9x 31.0x 31.0x 31.0x 31.0x 31.0x 31.0x 31.0x 31.0x
Capital Expenditures 1,470 952 152 152 334 361 389 421 454 491 530

Show work to solve

Cashflow

NVP

Payback

IRR

In: Finance

Find the MAD for the 3-month and the 12-month moving average forecast. Year   Month   Rate(%) 2009  ...

Find the MAD for the 3-month and the 12-month moving average forecast.

Year   Month   Rate(%)
2009   Jan   7.9
2009   Feb   8.5
2009   Mar   8.7
2009   Apr   9.1
2009   May   9.4
2009   Jun   9.4
2009   Jul   9.7
2009   Aug   9.5
2009   Sep   9.9
2009   Oct   9.9
2009   Nov   9.9
2009   Dec   9.7
2010   Jan   9.7
2010   Feb   9.6
2010   Mar   9.8
2010   Apr   9.7
2010   May   9.5
2010   Jun   9.4
2010   Jul   9.4
2010   Aug   9.4
2010   Sep   9.4
2010   Oct   9.6
2010   Nov   9.7
2010   Dec   9.4
2011   Jan   9.2
2011   Feb   8.9
2011   Mar   8.7
2011   Apr   9.1
2011   May   8.9
2011   Jun   9.2
2011   Jul   8.8
2011   Aug   9.1
2011   Sep   9.1
2011   Oct   8.8
2011   Nov   8.5
2011   Dec   8.4
2012   Jan   8.3
2012   Feb   8.3
2012   Mar   8.3
2012   Apr   8.2
2012   May   8.1
2012   Jun   8.1
2012   Jul   8.3
2012   Aug   8.3
2012   Sep   7.9
2012   Oct   7.9
2012   Nov   7.6
2012   Dec   7.7

In: Statistics and Probability

Exercise 22-13 a-b (Video) Crane Company has accumulated the following budget data for the year 2020....

Exercise 22-13 a-b (Video)

Crane Company has accumulated the following budget data for the year 2020.
1. Sales: 31,190 units, unit selling price $90.
2. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $6 per direct labor hour.
3. Inventories (raw materials only): beginning, 10,180 pounds; ending, 15,410 pounds.
4. Selling and administrative expenses: $170,000; interest expense: $30,000.
5. Income taxes: 30% of income before income taxes.
Prepare a schedule showing the computation of cost of goods sold for 2020.
CRANE COMPANY
Computation of Cost of Goods Sold

For the Quarter Ending December 31, 2020For the Year Ending December 31, 2020December 31, 2020

Cost of one unit of finished goods:
    Direct materials $
    Direct labor
    Manufacturing overhead
          Total $
Cost of Goods Sold $
Prepare a budgeted multiple-step income statement for 2020.
CRANE COMPANY
Budgeted Income Statement

December 31, 2020For the Quarter Ending December 31, 2020For the Year Ending December 31, 2020

Cost of Goods SoldTotal Operating ExpensesIncome from OperationsIncome Tax ExpenseBeginning InventorySalesNet Income / (Loss)Ending InventoryGross ProfitIncome before Income TaxesOperating ExpensesPurchasesSelling and Administrative Expenses

$

PurchasesOperating ExpensesBeginning InventoryNet Income / (Loss)SalesIncome Tax ExpenseSelling and Administrative ExpensesTotal Operating ExpensesEnding InventoryCost of Goods SoldIncome before Income TaxesGross ProfitIncome from Operations

Ending InventoryGross ProfitOperating ExpensesNet Income / (Loss)Beginning InventoryTotal Operating ExpensesPurchasesSalesCost of Goods SoldIncome before Income TaxesSelling and Administrative ExpensesIncome from OperationsIncome Tax Expense

Ending InventoryIncome before Income TaxesPurchasesBeginning InventoryNet Income / (Loss)Total Operating ExpensesGross ProfitCost of Goods SoldSalesIncome from OperationsSelling and Administrative ExpensesIncome Tax ExpenseOperating Expenses

Beginning InventoryTotal Operating ExpensesNet Income / (Loss)Income from OperationsIncome Tax ExpenseOperating ExpensesSelling and Administrative ExpensesIncome before Income TaxesSalesCost of Goods SoldPurchasesEnding InventoryGross Profit

Income Tax ExpenseIncome before Income TaxesInterest ExpenseTotal Operating ExpensesNet Income / (Loss)Cost of Goods SoldPurchasesEnding InventorySalesSelling and Administrative ExpensesBeginning InventoryGross ProfitIncome from Operations

Income from OperationsTotal Operating ExpensesBeginning InventoryNet Income / (Loss)Income before Income TaxesIncome Tax ExpenseCost of Goods SoldGross ProfitOperating ExpensesPurchasesEnding InventorySalesSelling and Administrative Expenses

PurchasesTotal Operating ExpensesIncome from OperationsSalesIncome before Income TaxesSelling and Administrative ExpensesOperating ExpensesBeginning InventoryCost of Goods SoldEnding InventoryIncome Tax ExpenseNet Income / (Loss)Gross Profit

PurchasesIncome from OperationsSalesTotal Operating ExpensesGross ProfitNet Income / (Loss)Income Tax ExpenseBeginning InventoryCost of Goods SoldEnding InventoryIncome before Income TaxesOperating ExpensesSelling and Administrative Expenses

$

In: Accounting

Shown below are net income amounts as they would be determined by Weihrich Steel Company by each of three different inventory costing methods ($ in thousands).

Shown below are net income amounts as they would be determined by Weihrich Steel Company by each of three different inventory costing methods ($ in thousands). 

FIFO Average Cost LIFO Pre-2020 $2,800 $2,540 $2,280 2020 750 600 540 $3,550 $3,140 $2,820

 

Required: 

1. Assume that Weihrich used FIFO before 2021, and then in 2021 decided to switch to average cost. Prepare the journal entry to record the change in accounting principle and briefly describe any other steps Weihrich should take to appropriately report the situation. (Ignore income tax effects.) 

2. Assume that Weihrich used FIFO before 2021, and then in 2021 decided to switch to LIFO. Assume accounting records are inadequate to determine LIFO information prior to 2021. Therefore, the 2020 ($540) and pre-2020 ($2,280) data are not available. Prepare the journal entry to record the change in accounting principle and briefly describe any other steps Weihrich should take to appropriately report the situation. (Ignore income tax effects.) 

3. Assume that Weihrich used FIFO before 2021, and then in 2021 decided to switch to LIFO cost. Weihrich’s records of inventory purchases and sales are not available for several previous years. Therefore, the pre-2020 LIFO information ($2,280) is not available. However, Weihrich does have the information needed to apply LIFO on a prospective basis beginning in 2020. Prepare the journal entry to record the change in accounting principle, and briefly describe any other steps Weihrich should take to appropriately report the situation. (Ignore income tax effects.)

In: Accounting

Problem 16-4 Change in tax rate; record taxes for four years [LO16-1, 16-5] Zekany Corporation would...

Problem 16-4 Change in tax rate; record taxes for four years [LO16-1, 16-5]

Zekany Corporation would have had identical income before taxes on both its income tax returns and income statements for the years 2018 through 2021 except for differences in depreciation on an operational asset. The asset cost $130,000 and is depreciated for income tax purposes in the following amounts:

2018 $ 42,900
2019 57,200
2020 19,500
2021 10,400

  
The operational asset has a four-year life and no residual value. The straight-line method is used for financial reporting purposes.
  
Income amounts before depreciation expense and income taxes for each of the four years were as follows.
   

2018 2019 2020 2021
Accounting income before taxes and depreciation $ 75,000 $ 95,000 $ 85,000 $ 85,000

  
Assume the average and marginal income tax rate for 2018 and 2019 was 30%; however, during 2019 tax legislation was passed to raise the tax rate to 40% beginning in 2020. The 40% rate remained in effect through the years 2020 and 2021. Both the accounting and income tax periods end December 31.
   
Required:
Prepare the journal entries to record income taxes for the years 2018 through 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

In: Accounting