Record the following journal entries for Jordan Hospital, a private hospital.

1. Received contributions for new radiology equipment, $300,000.

2. Purchased investments for long-term portfolio, $100,000.

3. Purchased new radiology equipment for $250,000.

4. Patient service revenue provided to patients was $5,000,000. Of that amount, the hospital had contractual adjustments for $300,000 and $100,000 for charity services. Cash received upon time of services rendered was $100,000. $200,000 of the services rendered is expected to be uncollectible.

Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,700,000. The project was begun in 2020 and completed in 2021. Cost and other data are presented below: 2020 2021 Costs incurred during the year $ 486500 $1,000,000 Estimated costs to complete 903,500 0 Billings during the year 455,000 1,245,000 Cash collections during the year 355,000 1,345,000 ) Assume that Beavis recognizes revenue on this contract over time according to percentage of completion.

Gross Profit 2020 and 2021

I am a board member for a swimming and health club in Bellevue. In the last fiscal year, the clubs membership was over 1700, the revenue was approximately $4.0 million, the profits were approximately $100,000, and their capital expenditures were close to $300,000. The stated objective or mission of this club is to increase the health and wellness of the club members and the community. In order to help the board assess the performance of the club’s director (CEO), what performance measures would you suggest? Explain your choice of performance measures!

I planted a 5-acre Christmas tree farm at a density of 1,200 trees per acre. I expect to harvest all of the trees in Year 9 (n=9) and plan to sell the trees for $60 each (in constant 2018 dollars – disregarding inflation). Using a real discount rate of 7%, what is the present value of the revenue (a benefit) from the Christmas tree harvest in Year 9? Report your answer as a whole number rounded to the nearest dollar without a dollar sign or comma.

Match each of the following transactions to the journal in which it would be entered.

Currently, when a firm lays off a worker, the firm pays part of the worker’s unemployment compensation (the rest of the money comes from the system’s general revenue). One suggested reform would require firms to pay all of the worker’s unemployment compensation. How will this reform affect the natural rate of unemployment? Explain your answer. Use the equation for the natural rate of unemployment to explain your answer

there is no additional detail to the problem.

equation= U/L = s/s+f

A piece of new equipment has been propose by engineers to increase the productivity of certain manual welding operation. The investment cost is $22,953 and the equipment will have a market value of $5,012 at the end of a study period of five years. increased productivity attributable to the equipment will amount to $9,267 per year after extra operating cost have been subtracted from the revenue generated by the additional production. If the firm's MARR is 20% per year, What is the present worth (PW) for this proposal?

When someone owns an asset (such as a share of stock) that rises in value, he has an “accrued” capital gain. If he sells the asset, he “realizes” the gains that have previously accrued. Under the U.S. income tax, realized capital gains are taxed, but accrued gains are not.

The higher the tax on capital gains, the ---------------------------- likely the investor would sell the investment.

Cuts in capital gains tax rates can raise tax revenue if the lower tax rate --------------------------------- the volume of trade transactions by a large enough margin.