Questions
1. Watson Company has a subsidiary in the country of Alonza where the local currency unit...

1.

Watson Company has a subsidiary in the country of Alonza where the local currency unit is the kamel (KM). On December 31, 2014, the subsidiary has the following balance sheet:

  
  Cash KM 13,500    Notes payable (due 2016) KM 30,000
  Inventory 25,000    Common stock    26,000
  Land 8,000    Retained earnings    13,000
  Building 45,000   
  Accumulated depreciation (22,500)
KM 69,000    KM 69,000

The subsidiary acquired the inventory on August 1, 2014, and the land and buildings in 2000. It issued the common stock in 1998. During 2015, the following transactions took place:

2015
  Feb. 1   Paid 17,500 KM on the note payable.
  May 1   Sold entire inventory for 34,000 KM on account.
  June 1   Sold land for 9,500 KM cash.
  Aug. 1   Collected all accounts receivable.
  Sept.1   Signed long-term note to receive 12,000 KM cash.
  Oct. 1   Bought inventory for 15,500 KM cash.
  Nov. 1   Bought land for 8,000 KM on account.
  Dec. 1   Declared and paid 2,400 KM cash dividend to parent.
  Dec. 31   Recorded depreciation for the entire year of 2,500 KM.

The exchange rates for 1 KM are as follows:

  
  1998 1 KM = $ 0.26
  2000 1 = 0.24
  August 1, 2014 1 = 0.34
  December 31, 2014 1 = 0.36
  February 1, 2015 1 = 0.38
  May 1, 2015 1 = 0.40
  June 1, 2015 1 = 0.42
  August 1, 2015 1 = 0.44
  September 1, 2015 1 = 0.46
  October 1, 2015 1 = 0.48
  November 1, 2015 1 = 0.50
  December 1, 2015 1 = 0.52
  December 31, 2015 1 = 0.56
  Average for 2015 1 = 0.46
a.

If this is a translation, what is the translation adjustment determined solely for 2015?


      

b.

If this is a remeasurement, what is the remeasurement gain or loss determined solely for 2015?

2. Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camerrand. The denomination of all transactions with these companies is alaries (AL), the Camerrand currency. During 2017, Benjamin acquires 43,000 widgets at a price of 8 alaries per widget. It will pay for them when it sells them. Currency exchange rates for 1 AL are as follows:

September 1, 2017 $ 0.48
December 1, 2017 0.42
December 31, 2017 0.50
March 1, 2018 0.43
  1. Assume that Benjamin acquired the widgets on December 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018?
  2. Assume that Benjamin acquired the widgets on September 1, 2017, and made payment on December 1, 2017. What is the effect of the exchange rate fluctuations on reported income in 2017?
  3. Assume that Benjamin acquired the widgets on September 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018?

(Input all amounts as positive values.)

       

In: Accounting

Question 41. Where are Peyer's patched located in the body? Throughout the body. Large intestine. Small...

Question 41. Where are Peyer's patched located in the body?

Throughout the body.

Large intestine.

Small intestine.

Oral cavity.

QUESTION 42

  1. The thymus gland increases in size as we age.

    True

    False

2 points   

QUESTION 43

  1. Which type of COVID-19 antibodies are clinicians interested in detecting in recovered patients?

    IgE.

    IgD.

    IgA.

    IgG.

2 points   

QUESTION 44

  1. Which type of immunity would occur from a vaccine for COVID-19 based on its genetic sequence?

    Naturally acquired active immunity.

    Naturally acquired passive immunity.

    Artificially acquired active immunity.

    Artificially acquired passive immunity.

2 points   

QUESTION 45

  1. Which describes the ability of an antibody to bind pathogenic components of toxins and block its toxic effects?

    Inflammation.

    Opsonization.

    Neutralization.

    Agglutination.

2 points   

QUESTION 46

  1. Which cell secrete antibodies?

    Plasma cells.

    T cells.

    Dendritic cells

    Antigen-presenting cells.

2 points   

QUESTION 47

  1. All are cardinal signs of inflammation EXCEPT:

    Swelling.

    Heat.

    Pain.

    Bruising.

2 points   

QUESTION 48

  1. Class II MHC molecules are only found on the surfaces of antigen-presenting cells.

    True

    False

2 points   

QUESTION 49

  1. Which are a group of 30 plasma antimicrobial proteins that are activated in a series of enzymatic reactions?

    Complement.

    Interferons.

    Immunoglobulins.

    Lysozymes.

2 points   

QUESTION 50

  1. Which type of cells are reduced in AIDS?

    Helper T cells.

    Cytotoxic T cells.

    Memory T cells.

    B cells.

In: Anatomy and Physiology

C. Adidas Inc. had the following balance sheet on September 30, 2019 (in thousands): Assets Liabilities...

C. Adidas Inc. had the following balance sheet on September 30, 2019 (in thousands):

Assets

Liabilities and Stockholders’ Equity

Cash

445,421

Accounts Payable

687,121

Accounts Receivable

1,754,137

Notes Payable

553,153

Inventories

1,338,640

Other Liabilities

965,095

Equipment and

Total Liabilities

2,205,369

Other Assets

1,823,009

Stockholders’ Equity

3,155,838

Total Assets

5,361,207

Total Liabilities and Stockholders’ Equity

5,361,207

Consider the following transactions that occurred during the first half of October 2019 (in thousands):

1. Inventories were acquired for cash, P160.

2. Inventories were acquired on open account, P190.

3. Unsatisfactory shoes acquired on open account in June were returned for full credit, P40.

4. Equipment of P120 was acquired for a cash downpayment of P30 plus a 6-month promissory note of P90.

5. To encourage wider displays, special store equipment was sold on account to Makati area stores for P400. The equipment had cost P400 in the preceding month.

6. Sarah G. starred in a movie and as a favor to an Adidas executive, she agreed to display Adidas shoes in a basketball scene. No fee was paid by Adidas.

7. Cash was disbursed to reduce accounts payable, P170.

8. Collected cash on account, P180.

9. Borrowed cash from a bank, P500.

10. Sold additional common stock for cash to new investors, P900.

  • Prepare an analysis showing the effects of the October transactions on the financial position of Adidas.

  • Prepare a balance sheet as of October 15, 2019.

In: Accounting

Define the terms public health and health promotion. What are the similarities and differences between the...

Define the terms public health and health promotion.

What are the similarities and differences between the two?

What specific health promotion activity was provided in your community during the past one year and what was the beneficial result?

How did Healthy People 2020 develop and what is the purpose and goals of this program?

Over the years, the public health care system has evolved due to the numerous legislative and regulatory influences. These efforts are being illustrated as legislative and regulatory pressures on the form and function of the delivery system.

What current legislation has had the maximum impact on the way health care is provided?

What interest group(s) influenced the establishment of this legislation?

Mention an interest associated with a health care promotion or wellness program that, according to you, had the greatest impact on the people of the U.S. in the last three years. Provide a description of this program.
The description should include the following details:

What were the activities actually associated with the program?

How was it reported in the media?

What was it about this program that had an impact on you?

What population was involved? Why do you think the specified population was involved in the program?

What do you think can be done by society to promote this program?

In: Nursing

3 pages and   The essay must be, double-spaced, 12 point, with 1” margins, Two factors that will...

3 pages and   The essay must be, double-spaced, 12 point, with 1” margins,

Two factors that will affect you in the 21th century is computerization, and automation. Oxford University reported that nearly half the jobs in the U.S. will be affected by automation and computerization by 2020. And that will grow. It is now beginning to reach into professional and creative industries that long seemed immune, from law clerking to journalism. And the pace of change is accelerating. Combine this with "Moore's Law", and it leads to a troubling and disruptive future for the unprepared.
These developments illustrates a recurring theme in capitalism. As workers become more powerful and higher paid, the historic pressure on capitalism is to automate. In our society, we have always valued capital over labor. What will we do when automated vehicles take over the largest employer of white male Americans, the trucking industry? or checkout clerks from McDonalds, to Publix disappear. who will employ these obsoleted jobs.
So my question to you is, how will this affect you, and those who are not prepared for lifelong learning to succeed in the future. How does our economy handle a surplus of workers , from menial jobs to the profession you have chosen? If you can imagine a computer doing your job, it will...

In: Economics

On January 1, 2018, Co. P acquired 90% of Co. S for $550,000, plus $15,000 in...

On January 1, 2018, Co. P acquired 90% of Co. S for $550,000, plus $15,000 in acquisition costs. On the date of acquisition, Co. S had the following balance sheet:

Assets Liabilities & Equity
Accounts Receivable 150,000

Current Liabilities

260,000
Inventory 180,000 Bonds Payable 250,000
Land 200,000 Common Stock, $1 Par 400,000
Buildings 550,000 PIC In Excess of Par 70,000
Acc. Deprecition (Bldg) (100,000) Retained Earnings 300,000
Equipment 400,000
Acc. Depreciation (Equip) (120,000)
Goodwill 20,000
Total Assets 1,280,000 Total Liab. & Equity 1,280,000

An appraisal indicates that the following items have fair values that differed from their book values:

Accounts Receivable 140,000
Inventory 200,000
Land 200,000
Buildings 400,000
Equipment 100,000
Patent 300,000
Bonds Payable 220,000

Immediately after the purchase, Co. P had the following balance sheet:

Assets Liabilities & Equity
Cash 50,000 Current Liabilites 200,000
Accounts Receivable 70,000 Bonds Payable 300,000
Inventory 130,000 Common Stock 150,000
Investment in Co. S 550,000 PIC Excess of Par 200,000
Land 350,000 Retained Earnings 800,000
Buildings 300,000
Acc. Depreciation (Bldg) (50,000)
Equipment 190,000
Acc. Depreciation (40,000)
Goodwill 100,000
Total Assets 1,650,000 Total Liab. & Equity 1,650,000

(1) Record the investment in Co. S.

(2) Prepare a value analysis schedule for the Investment in Co. S.

(3) Prepare a determination and distribution schedule for the investment in Co. S.

(4) Prepare all required elimination ertries for the January 1, 2018 consolidated worksheet in general journal form.

*Below is what I have for parts 1-3 so far, but I'm struggling with part 4 (something in 3 may be incorrect).

(1)       Investment in State                                                                550,000

            Acquisition Expense                                                                15,000

                        Cash                                                                                        565,000

(2)

Value Analysis

Schedule

Company Implied

Value

Parent Price

(90%)

NCI Value

(10%)

Company Fair Value

611,111

550,000

61,111

Fair Value of Net

Assets (exclude G/W)

860,000

774,000

86,000

Gain on Acquisition

(248,889)

(22,400)

(24,889)

(3)

D&D

Schedule

Company Implied

Value

Parent Price

(90%)

NCI Value

(10%)

Fair Value of Subsidiary

611,111

550,000

61,111

Less BV of Interest Acquired:

Common Stock

400,000

Paid-In Capital

70,000

Retained Earnings

300,000

Total SH’s Equity

770,000

770,000

770,000

Interest Acquired

90%

10%

Book Value

693,000

77,000

Excess FV over BV

(158,889)

(143,000)

(15,889)

Adjustments to Identifiable Accounts:

Accounts Receivable

(10,000)

Credit

Inventory

20,000

Debit

Buildings

(50,000)

Credit

Equipment

(180,000)

Credit

Patent

300,000

Debit

Goodwill

(20,000)

Credit

Gain on Acquisition

(248,889)

Credit

Decrease on Bonds

30,000

Debit

Total

(158,889)

In: Accounting

6. Think about ethical communication opprtunities provided by social media. As the CEO, how would you...

6. Think about ethical communication opprtunities provided by social media. As the CEO, how would you shape your company's culture to use social media (such as Facebook,I witter) to promote ethical behavior and communicte the organization's value? What are the advantages and dangers of using social media? No more two paragraghs.

In: Operations Management

This is a business communication question. after reading a case which a corporate has issues on...

This is a business communication question. after reading a case which a corporate has issues on developing product and corporate culture, as a CEO, I need to craft a message to employees to solve the issues.

C. Craft the message that you will communicate internally and explain what change management principles you considered when developing this message.

In: Operations Management

How does Amazon CEO Jeff Bezos Achieve Cultural Diversity and what are his best practices and...

How does Amazon CEO Jeff Bezos Achieve Cultural Diversity and what are his best practices and initiatives for achieving cultural diversity in the organization?

For example, does his executive board contain any minorities?

Explain which leadership practices were successful in diversity efforts and which practices needed improvement.

In: Finance

Apple wants to create the new iCar, a driverless car, by 2020.  Assume that fixed costs (research...

Apple wants to create the new iCar, a driverless car, by 2020.  Assume that fixed costs (research & development, the building of a factory, the purchasing of equipment, safety testing, etc) for such a project totals $10B.  If the company anticipates sales of 600,000 cars with variable costs per car of $75,000, how much does each car need to sell for to break even

2. If a company stated in its annual report to shareholders that it made efforts to recapitalize (that is, change the capital structure) to a higher amount of leverage, you could certainly look at the balance sheet to verify this.  What other financial statement, the income statement or statement of cash flows, would also show evidence?  Give an example of what the evidence might look like?   

In: Finance