1. Based on the experiment conducted in the laboratory setting,
give examples of flow over
weir in real-world application.
2. Describe the measurements of discharge at weirs and its
potential errors associated with
indirect methods weir in real-world application setting.
3. Discuss one of the calibration of weirs method.
In: Civil Engineering
Please answer those questions. Those are about the magnetic force experiment.
Q1. Discuss how the Helmholtz coils creates a magnetic field and
what direction it is (You will have to assume a direction of
current for this part).
Q2. Discuss how the magnetic torque is created on the 100 turn coil
and what it does.
In: Physics
1) Why are quantum dots generally created for biological use having a core-shell design?
2) Design a probe and experiment where you could monitor the endogenous in vivo activity of a particular protease that cleaves the peptide sequence DEVD. Assume this protease is present at extremely low levels in the body.
In: Biology
A 32.70-g sample of a solid is placed in a flask. Toluene, in which the solid is insoluble, is added to the flask so that the total volume of solid and liquid together is 49.00 mL . The solid and toluene together weigh 58.54 g . The density of toluene at the temperature of the experiment is 0.864 g/mL. What is the density of the solid?
In: Chemistry
|
Brandlin Company of Anaheim, California, sells parts to a foreign customer on December 1, 2015, with payment of 29,000 korunas to be received on March 1, 2016. Brandlin enters into a forward contract on December 1, 2015, to sell 29,000 korunas on March 1, 2016. Relevant exchange rates for the koruna on various dates are as follows: |
| Date | Spot Rate |
Forward Rate (to March 1, 2016) |
||
| December 1, 2015 | $ | 4.00 | $ | 4.075 |
| December 31, 2015 | 4.10 | 4.200 | ||
| March 1, 2016 | 4.25 | N/A | ||
|
Brandlin’s incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent (1 percent per month) is 0.9803. Brandlin must close its books and prepare financial statements at December 31. |
| a-1 |
Assuming that Brandlin designates the forward contract as a cash flow hedge of a foreign currency receivable and recognizes any premium or discount using the straight-line method, prepare journal entries for these transactions in U.S. dollars. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places.)
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In: Finance
Back in Boston, Steve has been busy creating and managing his new company, Teton Mountaineering (TM), which is based out of a small town in Wyoming. In the process of doing so, TM has acquired various types of assets. Below is a list of assets acquired during 2016: Exhibit 10-8 (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round intermediate calculations and final answer to the nearest whole dollar amount.)
Asset Cost Date Placed in Service Office furniture $ 10,000 02/03/2016
Machinery 560,000 07/22/2016
Used delivery truck* 15,000 08/17/2016
* Not considered a luxury automobile, thus not subject to the luxury automobile limitations. During 2016, TM had huge success (and had no §179 limitations) and Steve acquired more assets the next year to increase its production capacity.
These are the assets acquired during 2017: Date Placed Asset Cost in
Service Computers & info. system $ 40,000 03/31/2017
Luxury auto† 80,000 05/26/2017
Assembly equipment 475,000 08/15/2017
Storage building 400,000 11/13/2017
†Used 100% for business purposes.
TM generated taxable income in 2017 of $732,500 for purposes of computing the §179 expense.
a. Compute the maximum 2016 depreciation deductions including §179 expense (ignoring bonus depreciation).
b. Compute the maximum 2017 depreciation deductions including §179 expense (ignoring bonus depreciation).
c. Compute the maximum 2017 depreciation deductions including §179 expense, but now assume that Steve would like to take bonus depreciation on the 2017 assets.
d. Ignoring part c, now assume that during 2017, Steve decides to buy a competitor’s assets for a purchase price of $350,000.
Compute the maximum 2017 cost recovery including §179 expense (ignoring bonus depreciation). Steve purchased the following assets for the lump-sum purchase price. Date Placed Asset Cost in Service Inventory $ 20,000 09/15/2017
Office furniture 30,000 09/15/2017
Machinery 50,000 09/15/2017
Patent 98,000 09/15/2017
Goodwill 2,000 09/15/2017
Building 130,000 09/15/2017
Land 20,000 09/15/2017
In: Accounting
|
Oz Company was started when it issued bonds with a $170,000 face value on January 1, 2016. The bonds were issued for cash at 99. Oz uses the straight-line method of amortization. They had a 20-year term to maturity and an 5 percent annual interest rate. Interest was payable on December 31 of each year. Oz Company immediately purchased land with the proceeds (cash received) from the bond issue. Oz leased the land for $10,625 cash per year. On January 1, 2019, the company sold the land for $169,300 cash. Immediately after the sale of the land, Oz redeemed the bonds at 100. Assume that no other accounting events occurred during 2019. |
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Required |
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Prepare an income statement, statement of changes in equity, balance sheet, and statement of cash flows for the 2016, 2017, 2018, and 2019 accounting periods. Assume that the company closes its books on December 31 of each year. Prepare the statements using a vertical statements format. (Hint: Record each year’s transactions in T-accounts prior to preparing the financial statements.) (Amounts to be deducted should be indicated with minus sign.) |
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In: Accounting
Departmental Income Statement
Elgin Flooring Company sells floor coverings through two
departments, carpeting and hard covering (tile and linoleum).
Operating information for 2016 appears below.
| Carpeting Department | Hard Covering Department | ||||
|---|---|---|---|---|---|
| Inventory, January 1, 2016 | $71,000 | $37,000 | |||
| Inventory, December 31, 2016 | 39,000 | 19,000 | |||
| Net sales | 780,000 | 480,000 | |||
| Purchases | 484,000 | 362,000 | |||
| Purchases returns | 28,000 | 8,000 | |||
| Purchases discounts | 16,000 | 4,000 | |||
| Transporation in | 18,000 | 14,000 | |||
| Traceable departmental expenses | 96,000 | 44,000 | |||
Common operating expenses of the firm were $120,000.
a. Prepare a departmental income statement showing departmental contribution to common expenses and net income of the firm. Assume an overall effective income tax rate of 35%. Elgin uses a periodic inventory system.
Do not use negative signs with any of your answers below.
| Elgin Flooring Company Departmental Income Statement For the Year Ended December 31, 2016 |
||||||
|---|---|---|---|---|---|---|
| Carpeting Department | Hard Covering Department | Total | ||||
| Net sales | Answer | Answer | Answer | |||
| Cost of goods sold: | ||||||
| Inventory, January 1, 2016 | Answer | Answer | Answer | |||
| Purchases | Answer | Answer | Answer | |||
| Purchases returns | Answer | Answer | Answer | |||
| Purchases discounts | Answer | Answer | Answer | |||
| Transportation in | Answer | Answer | Answer | |||
| Cost of goods available for sale | Answer | Answer | Answer | |||
| Inventory, December 31, 2016 | Answer | Answer | Answer | |||
| Cost of goods sold | Answer | Answer | Answer | |||
| Gross Profit | Answer | Answer | Answer | |||
| Traceable department expenses | Answer | Answer | Answer | |||
| Contribution to common expenses | Answer | Answer | Answer | |||
| Common expenses | Answer | |||||
| Income before tax | Answer | |||||
| Income tax expense | Answer | |||||
| Net income | Answer | |||||
b. Calculate the gross profit percentage for each department.
Round to the nearest whole percentage.
Carpeting department
Answer%
Hard Covering department
Answer%
c. If the common expenses were allocated 70% to the carpeting department and 30% to the hard covering department, what would the net income be for each department?
Do not use negative signs with any of your answers below.
| Carpeting Department | Hard Covering Department | Total | ||||
|---|---|---|---|---|---|---|
| Contribution to common expenses | Answer | Answer | Answer | |||
| Common expenses | Answer | Answer | Answer | |||
| Income before tax | Answer | Answer | Answer | |||
| Income tax expense | Answer | Answer | Answer | |||
| Net income | Answer | |||||
In: Accounting
For 2016, Clapton Company reported a decline in net income. At the end of the year, S. Hand, the president, is presented with the following condensed comparative income statement:
|
Clapton Company |
|
Comparative Income Statement |
|
For the Years Ended December 31, 2016 and 2015 |
|
1 |
2016 |
2015 |
|
|
2 |
Sales |
$7,425,600.00 |
$6,720,000.00 |
|
3 |
Cost of goods sold |
2,688,000.00 |
2,240,000.00 |
|
4 |
Gross profit |
$4,737,600.00 |
$4,480,000.00 |
|
5 |
Selling expenses |
$1,096,200.00 |
$870,000.00 |
|
6 |
Administrative expenses |
636,300.00 |
505,000.00 |
|
7 |
Total operating expenses |
$1,732,500.00 |
$1,375,000.00 |
|
8 |
Income from operations |
$3,005,100.00 |
$3,105,000.00 |
|
9 |
Other income |
144,300.00 |
130,000.00 |
|
10 |
Income before income tax |
$3,149,400.00 |
$3,235,000.00 |
|
11 |
Income tax expense |
75,400.00 |
65,000.00 |
|
12 |
Net income |
$3,074,000.00 |
$3,170,000.00 |
| Required: | |
| 1. | Prepare a comparative income statement with horizontal analysis for the two-year period, using 2015 as the base year. Use the minus sign to indicate an amount or percent decrease. If required, round percentages to one decimal place. |
| 2. | To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis. |
Income Statement
Prepare a comparative income statement with horizontal analysis for the two-year period, using 2015 as the base year. Use the minus sign to indicate an amount or percent decrease. If required, round percentages to one decimal place.
|
Clapton Company |
|
Comparative Income Statement |
|
For the Years Ended December 31, 2016 and 2015 |
|
1 |
Increase (Decrease) |
Increase (Decrease) |
|||
|
2 |
2016 |
2015 |
Amount |
Percent |
|
|
3 |
Sales |
$7,425,600.00 |
$6,720,000.00 |
||
|
4 |
Cost of goods sold |
2,688,000.00 |
2,240,000.00 |
||
|
5 |
Gross profit |
$4,737,600.00 |
$4,480,000.00 |
||
|
6 |
Selling expenses |
$1,096,200.00 |
$870,000.00 |
||
|
7 |
Administrative expenses |
636,300.00 |
505,000.00 |
||
|
8 |
Total operating expenses |
$1,732,500.00 |
$1,375,000.00 |
||
|
9 |
Income from operations |
$3,005,100.00 |
$3,105,000.00 |
||
|
10 |
Other income |
144,300.00 |
130,000.00 |
||
|
11 |
Income before income tax |
$3,149,400.00 |
$3,235,000.00 |
||
|
12 |
Income tax expense |
75,400.00 |
65,000.00 |
||
|
13 |
Net income |
$3,074,000.00 |
$3,170,000.00 |
Final Question
To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis.
Net income has from 2015 to 2016. Sales have ; however, the cost of goods sold has by a percentage, causing the gross profit to at a slower pace than sales.
In: Accounting
Back in Boston, Steve has been busy creating and managing his new company, Teton Mountaineering (TM), which is based out of a small town in Wyoming. In the process of doing so, TM has acquired various types of assets. Below is a list of assets acquired during 2016: Exhibit 10-8 (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round intermediate calculations and final answer to the nearest whole dollar amount.)
| Asset | Cost | Date Placed in Service | |
| Office furniture | $ | 10,000 | 02/03/2016 |
| Machinery | 560,000 | 07/22/2016 | |
| Used delivery truck* | 15,000 | 08/17/2016 | |
* Not considered a luxury automobile, thus not subject to the luxury automobile limitations.
During 2016, TM had huge success (and had no §179 limitations) and Steve acquired more assets the next year to increase its production capacity. These are the assets acquired during 2017:
| Date Placed | |||
| Asset | Cost | in Service | |
| Computers & info. system | $ | 40,000 | 03/31/2017 |
| Luxury auto† | 80,000 | 05/26/2017 | |
| Assembly equipment | 475,000 | 08/15/2017 | |
| Storage building | 400,000 | 11/13/2017 | |
†Used 100% for business purposes.
TM generated taxable income in 2017 of $732,500 for purposes of computing the §179 expense.
a. Compute the maximum 2016 depreciation deductions including §179 expense (ignoring bonus depreciation).
b. Compute the maximum 2017 depreciation deductions including §179 expense (ignoring bonus depreciation).
c. Compute the maximum 2017 depreciation deductions including §179 expense, but now assume that Steve would like to take bonus depreciation on the 2017 assets.
d. Ignoring part c, now assume that during 2017, Steve decides to buy a competitor’s assets for a purchase price of $350,000. Compute the maximum 2017 cost recovery including §179 expense (ignoring bonus depreciation). Steve purchased the following assets for the lump-sum purchase price.
| Date Placed | |||
| Asset | Cost | in Service | |
| Inventory | $ | 20,000 | 09/15/2017 |
| Office furniture | 30,000 | 09/15/2017 | |
| Machinery | 50,000 | 09/15/2017 | |
| Patent | 98,000 | 09/15/2017 | |
| Goodwill | 2,000 | 09/15/2017 | |
| Building | 130,000 | 09/15/2017 | |
| Land | 20,000 | 09/15/2017 | |
In: Accounting