Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the date of acquisition, Scrub Company reported assets and liabilities with book values of $430,000 and $184,000, respectively, common stock outstanding of $86,000, and retained earnings of $160,000. The book values and fair values of Scrub’s assets and liabilities were identical except for land, which had increased in value by $16,000, and inventories, which had decreased by $7,000.

Required:
a. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $271,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

A.) Record the basic consolidation entry.

B.) Record the excess value (differential) reclassification entry.

b. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $242,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

A.) Record the basic consolidation entry.

B.)Record the excess value (differential) reclassification entry.

Please answer all question. If you can't answer all question then don't answer just one question. I need all and I'm having test.

12. You have started an investment club with your friend. You identified an account which you think will pay 8% per year. You are going to invest $1200 per year. Your friend is going to invest $100 per month. You plan to invest for 4 years. All else equal, which of the following is true.
13. Annuity A has a present value of $100,000 and makes 20 payments. Annuity B has a present value of $100,000 and makes 18 payments. All else equal, which one has the higher payment?
14. If annuity A has 30 payments of $500 at an interest rate of 10% and annuity B has 30 payments of $500 at an interest rate of 9%, which one has the higher present value?
18. Investment A offers a 5 annual payments of $77,000 with the first payment made today. Investment B offers 5 annual payments of $77,000 with the first payment to be made in 1 year. Which investment is worth more?

writing a well documented program with multiple classes and arrays.  

Include a pledge and the IDE used in the descriptive header of the driver class

1. Create a Student class with
   1. Private instance variables for first and last name, three integer scores, the average ,and letter grade
   2. A constructor with values
   3. Methods to set and get the values of the instance variables
   4. Methods to get the average and letter grade
   5. Method to calculate the average of the three scores and to assign this value to the instance variable average
   6. Method to determine the letter grade and to assign this value to the instance variable grade
   7. Method to format and print the name, scores, average ( to two decimal places), and letter grade. (using printf() in a toString method)
2. Create a StudentMod3 class
   1. Declare an array of objects of type Student for three people
   2. One person at a time, read their first and last name, and three scores, into each of the three elements of the array
   3. Determine the average and letter grade of all the three students. Letter grade is based on the following criteria - average 90-100 grade is A, 80-89.99 grade is B, 70-79.99 grade is C, all others F (use a nested if)
   4. Output the name, scores, average, and letter grade of the three people

A German car will cost $45,000 and have fuel usage of 21mpg for the first 5 years, and decrease
by 1% thereafter to year 8. Repair cost will start at $1000 in year 1 and increase by 4% per year.
It will have a salvage value of $7000 at the end of year 8. Insurance cost will be $850 the first year,
increasing by 2% per year thereafter.
The American car will cost $35,000 and have fuel usage of 20mpg for the first 3 years, and will
decrease by 3% per year thereafter. Repair cost will be $800 in year 1, increasing by 4% per year
thereafter. Being an American, the graduate will price the pride of owning an American car at $0.4
for every 20 miles driven, increasing by 2% per year. Insurance cost will be $800 per year
increasing by 2.2% per year. The car can be sold for $5500 at the end of year 8.
If the graduate anticipates driving 150000 miles by the end of year 8 and the average interest rate
is expected to remain at 5% per year, which car is economically affordable based on present worth
analysis? Assume fuel cost will be $3 per gallon in year 1 and increase by an average of 2% per
year. Show all your workings.

a. Keenan Industries has a bond outstanding with an 8.25% coupon, payable semiannually, and a $1,000 par value. The bond's dollar price is $1,066.00 and the bond is callable at 104. The bond's yield to call is 7.41 percent. When can the bond be called (round to the nearest whole year)?

b. You turn 35 today, and you plan to save $2,000 each month for retirement, with the first deposit made at the end of this month. You plan to retire 30 years from today, when you turn 65, but you're not sure how long you can expect to live after retirement, so you want the payments to go on forever. Under these assumptions, how much can you spend each month after you retire? Your first withdrawal will be made at the end of the first month of retirement.

c. You agree to make 36 deposits of $750 at the end of each month into a bank account. At the end of the 36th month, you will have $30,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?

You will invest in a mutual fund that's expected to provide a return of 4.5% per year, compounded monthly throughout your life.

Attachment A

Amana Ltd was facing its first loss since listing five years ago and the chairperson of the board of directors/CEO was not about to let that happen. His bonus was tied to reported earnings. He owes shares in the company and knows the psychological impact of a first-time loss will hit his company’s share price. He asked staff who were also affected by the bonus rules to turn the loss to a small profit by the following methods:

Create fictitious inventory by adding false count sheets to the inventory count;

Bring sales for the first 10 days of the subsequent year forward;

Postpone the recognition of the expenses associated with suppliers’ invoices until the subsequent period; and

Create false claims for credit on goods returned and volume discounts that had been supposedly agreed to by suppliers.

Required

Bonus plans and employee share ownership are generally considered to be features that align the incentives of managers with those of shareholders. Is this the case for Amana Ltd?

What is the accounting impact of each of the methods listed above? For each method, identify the major account balance/class of transaction and assertion at risk of misstatement.

For each method, list two audit procedures or tests that would detect these attempts to commit fraud.

You are a pricing analyst for QuantCrunch Corporation, a company that recently spent $15,000 to develop a statistical software package. To date, you only have one client. A recent internal study revealed that this client’s demand for your software is Qd = 300 – 0.2P and that it would cost you $1,000 per unit to install and maintain software at this client’s site. The CEO of your company recently asked you to construct a report that compares (1) the profit that results from charging this client a single (profit-maximizing) per-unit price with (2) the profit that results from charging $1,450 for the first 10 units and $1,225 for each additional unit of software purchased.

What type of pricing strategy is (1)? Third-degree pricing strategy Per-unit pricing strategy First-degree pricing strategy Second-degree pricing strategy

What type of pricing strategy is (2)? First-degree pricing strategy Third-degree pricing strategy Per-unit pricing strategy Second-degree pricing strategy

Between pricing strategy (1) and (2), which is more profitable? Strategy (2) Strategy (1)

True or False: You could earn more profits using a two-part pricing strategy.

a) Describe the main categories of financial ratios and discuss how financial ratios can facilitate the financial analysis. [10 marks]

b) Discuss the effect of FIFO (First In First Out) and LIFO (Last In First Out) methods on the balance sheet and income statement during periods of inflation.

c) Describe what are the common-size financial statements and explain why corporations use them.

d) Under what circumstances can a firm increase its share price by cutting its dividend and increasing its investment?

e) How does the growth rate used in the total payout model differ from the growth rate used in the dividend-discount model?

f) State the efficient market hypothesis. What are the implications of the efficient market hypothesis for corporate managers?

g) Explain what is a firm’s weighted average cost of capital (WACC). Explain why it is often used as a discount rate to evaluate projects.

h) What inputs do we need to estimate a firm’s equity cost of capital using the Capital Asset Pricing Model (CAPM)?

i) Explain in detail why projects within the same firm may have different costs of capital.