In the early part of 2018, the partners of Hugh, Jacobs, and Thomas sought assistance from a local accountant. They had begun a new business in 2017 but had never used an accountant’s services. Hugh and Jacobs began the partnership by contributing $170,000 and $120,000 in cash, respectively. Hugh was to work occasionally at the business, and Jacobs was to be employed full-time. They decided that year-end profits and losses should be assigned as follows: Each partner was to be allocated 10 percent interest computed on the beginning capital balances for the period. A compensation allowance of $5,000 was to go to Hugh with a $27,000 amount assigned to Jacobs. Any remaining income would be split on a 4:6 basis to Hugh and Jacobs, respectively. In 2017, revenues totaled $195,000, and expenses were $158,000 (not including the partners’ compensation allowance). Hugh withdrew cash of $10,000 during the year, and Jacobs took out $15,000. In addition, the business paid $6,500 for repairs made to Hugh’s home and charged it to repair expense. On January 1, 2018, the partnership sold a 15 percent interest to Thomas for $58,000 cash. This money was contributed to the business with the bonus method used for accounting purposes. What journal entries should the partnership have recorded on December 31, 2017? What journal entry should the partnership have recorded on January 1, 2018?

In the early part of 2018, the partners of Hugh, Jacobs, and Thomas sought assistance from a local accountant. They had begun a new business in 2017 but had never used an accountant’s services.

Hugh and Jacobs began the partnership by contributing $90,000 and $40,000 in cash, respectively. Hugh was to work occasionally at the business, and Jacobs was to be employed full-time. They decided that year-end profits and losses should be assigned as follows:

• Each partner was to be allocated 10 percent interest computed on the beginning capital balances for the period.
• A compensation allowance of $7,000 was to go to Hugh with a $17,000 amount assigned to Jacobs.
• Any remaining income would be split on a 4:6 basis to Hugh and Jacobs, respectively.

In 2017, revenues totaled $115,000, and expenses were $87,000 (not including the partners’ compensation allowance). Hugh withdrew cash of $6,000 during the year, and Jacobs took out $11,000. In addition, the business paid $7,500 for repairs made to Hugh’s home and charged it to repair expense.

On January 1, 2018, the partnership sold a 20 percent interest to Thomas for $44,000 cash. This money was contributed to the business with the bonus method used for accounting purposes.

C. What journal entries should the partnership have recorded on December 31, 2017? There are 4 JE needed, one to Record entry to reclassify payment made to repair personal residence, one to Record entry to close drawings accounts for 2017, one to Record entry to close revenue and expense accounts for 2017, and one to Record the distribution of net income to partners.

D. What journal entry should the partnership have recorded on January 1, 2018? There is one needed to Record the payment made by Thomas using the bonus method.

1.) Create a fictitious case summary of a child with a name, an age during early childhood, and a gender. 2.) Explain one component of the child’s psychosocial development in terms of Erik Erikson’s third stage of psychosocial development. 3.) Create a parenting style for the child’s parents and explain the parenting style. 4.) Identify one aspect of the fictitious child’s self-concept. 5.) Create either a friend, friends, or a sibling for the fictitious child and examine the relationship between the fictitious child and the sibling or friend.

3. The percentage discount offered by suppliers if the customer or buyer pays early is known as the _____________discount.

4. The average length of time between the point in which a firm originally receives its inventory and the point at which it receives the cash from selling its product(s) is known as the __________cycle. Meaning of Cash Cycle is the average length of time between when a firm originally purchases its inventory and when it receives the cash back from selling its product.

17. The number of days a buyer has to take advantage of the cash discount provided by its suppliers is known as the ____________period.

18. A measure of the cash cycle calculated as the sum of a firm's inventory days and accounts receivable days, minus its accounts payable days is known as the ____________ cycle.

35. The total length of time during which suppliers extend credit to their customers (or buyers) is know as the ___________period.

Married couples are generally more satisfied at which point in their marriages

(1pts)

A. The early period

B. The later period

C. The middle and later period

D. The early and later period

12)

Compared to the family life cycle approach, the family life course approach

(1pts)

A. Is the same thing

B. Focuses on how families integrate changes over time, and how individuals give meaning to them

C. Focuses on the 8 stages that most families pass through after marriage

D. Focuses exclusively on death and dying

13)

The rapid pace of change in recent years is typically cited as a

(1pts)

A. Family stressor

B. Family strength

C. Family strain

D. Family career

14)

What typically governs the family life cycle stage?

(1pts)

A. Amount of family income

B. Level of parental education

C. Ages of children and parents

D. Duration of parents’ marriage

15)

Families draw strength from the stories that they tell and retell, and that help define the family’s history. These stories comprise

(1pts)

A. Family stories

B. Family myths

C. Family narratives

D. Family formations

16)

The International Family Strength Model, which focuses on 6 major qualities of strong couples and families, is a

(1pts)

A. Structural perspective

B. Microsocial perspective

C. Macrosocial perspective

D. Normative perspective

17)

The difference between quantitative and qualitative methods in social research is that qualitative methods

(1pts)

A. Test specifically defined hypotheses

B. Can proceed with only a question in mind

C. Rely heavily on surveys

D. Don’t tell us much about meanings underlying social processes

18)

An ___________ variable is manipulated by the researcher, and the ___________ variable is affected during an experiment

(1pts)

A. Independent, dependent

B. Dependent, independent

C. Control, dependent

D. Quantitative, qualitative

19)

Symbolic Interactionism believes that the family is

(1pts)

A. A group within the social system that affects individuals and larger social systems

B. Families are sites of conflict for resources, including money and attention

C. Families adapt to changes over time, and make meaning from them

D. The family is the product of day-to-day interactions of family members

20)

Which of the following is NOT part of the ASA Code of Ethics?

(1pts)

A. Professional Competence: Do only what you are qualified to do. Pursue ongoing education. Utilize proper resources. Consult other professionals when necessary

B. Professional and scientific responsibility: Follow the highest scientific and professional responsibilities on a personal and professional level. Value public trust.

C. Social responsibility: Seek to advance the science of sociology and serve the public

D. Scientific contribution: research should contribute to the common good. Research that misleads research subject is only acceptable when the benefits to the public are clear

Harmer Inc. is now a successful company. In the early days (before it became profitable), it issued ISOs to its employees. Now Harmer is trying to decide whether to issue NQOs or ISOs to its employees. Initially, Harmer would like to give each employee 20 options (each option allows the employee to acquire one share of Harmer stock). For purposes of this problem, assume that the options are exercised in three years (three years from now) and that the underlying stock is sold in five years (five years from now). Assume that taxes are paid at the same time the income generating the tax is recognized. Also assume the following facts: (Leave no answer blank. Enter zero if applicable.)

• The after-tax discount rate for both Harmer Inc. and its employees is 10 percent.
• The Corporate tax rate is 21 percent.
• The Personal (employee) ordinary income rate is 37 percent.
• The Personal (employee) long-term capital gains rate is 20 percent.
• The Exercise price of the options is $7.
• The Market price of Harmer at date of grant is $5.
• The Market price of Harmer at date of exercise is $25.
• The Market price of Harmer at date of sale is $35.

Answer the following questions:

Problem 12-32 Part b

b. Assuming Harmer issues NQOs, what is Harmer’s tax benefit from the options for each employee in the year each employee exercises the NQOs? (Round your final answer to nearest whole dollar amount.)

c. Assuming Harmer issues ISOs, what is the tax benefit to Harmer in the year the ISOs are exercised?

d. Which type of option plan should Harmer’s employees prefer?

e. What is the present value of each employee’s after-tax cash flows from year 1 through year 5 if the employees receive ISOs? Use Exhibit 3.1. (Round your intermediate calculations and final anwser to 2 decimal places.)

f. What is the present value of each employee’s after-tax cash flows from year 1 through year 5 if the employees receive NQOs? Use Exhibit 3.1. (Round your intermediate calculations and final anwser to 2 decimal places.)

g. How many NQOs would Harmer have to grant to keep its employees indifferent between NQOs and 20 ISOs? (Do not round intermediate calculations. Round up your final answer to the next whole number.)

The development of the early humanities focusing on the relationship between religion, science, and literature. Begin by explaining ancient Greek views of the gods, including how they influenced culture and how their stories were transmitted. Then identify some of the questions that led the ancients away from these religious stories the philosophical views that emerged from these discussions. Conclude by explaining one topic that we in the 21^st century still wrestle with.

The goal of this assignment is to work with the course materials and your own knowledge to create an understanding of the questions/prompt above

When the government shut down the economy in the early phases of the coronavirus scare, we saw a quick decrease in AD. Please use the AD-AS model to answer the following questions:

a. John Maynard Keynes once stated, “Business pessimism is a self-fulfilling prophecy”. Use the AS-AD model to explain why this quote is true in this instance.

b. After this initial shock to the economy, are economists concerned more about inflation or deflation?

c. In theory, how should the government respond? Was the government’s actual response consistent with our model?

Which of the following is a characteristic of cell communication that suggests cell signaling evolved early in the history of life?

A. All organisms form cell junctions to allow transfer of signaling molecules.

B. All organisms produce hormones to carry out signaling processes.

C. Plants, animals, and bacteria share very similar signaling processes.

D. Plants, animals, and bacteria use long-distance signaling molecules.

which of the following statements is (are) correct?
(x) During the early 1960s, inflation was about 1 to 3 percent in the United States, compared to about 4 to
6 percent in the late 1960s and early 1970s.
(y) In 1980, the U.S. unemployment rate was about 7 percent and inflation was above 8 percent at the
same time.
(z) In the United States, the inflation rate has been consistently below 4 percent during the period from
2000 to 2015.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (z) only

10. Many economists during the 1960s believed the implications of the Phillips curve, which
A. indicated that low unemployment was associated with high inflation and high unemployment was
associated with low inflation.
B. offered policymakers a menu of possible economic outcomes from which to choose and the choice for
expansionary policy would lead to inflationary pressure but reduced unemployment.
C. indicated that there was upward pressure on wages and prices when unemployment was high.
D. All of the above are correct.
E. A and B, only

11. Which of the following would a student of economics expect if government policy had moved the economy
up along a given short-run Phillips curve?
A. Roscoe reads in the newspaper that the central bank had been increasing the purchase of bonds.
B. Bernadette loses her job because the factory shut down due to declining economic conditions.
C. Jasmine’s nominal wage falls because the manager, filled with jealousy, is stealing her tips.
D. Tim the “tool guy” cuts prices at his hardware store because of falling sales.
E. Both B and D