Eximco Corporation (based in Champaign, Illinois) has a number of transactions with companies in the country of Mongagua, where the currency is the mong. On November 30, 2017, Eximco sold equipment at a price of 500,000 mongs to a Mongaguan customer that will make payment on January 31, 2018. In addition, on November 30, 2017, Eximco purchased raw materials from a Mongaguan supplier at a price of 300,000 mongs; it will make payment on January 31, 2018. To hedge its net exposure in mongs, Eximco entered into a two-month forward contract on November 30, 2017, to deliver 200,000 mongs to the foreign currency broker in exchange for $104,000. Eximco properly designates its forward contract as a fair value hedge of a foreign currency receivable. The following rates for the mong apply:

Date Spot Rate Forward Rate (to January 31, 2018)

November 30, 2017 $ 0.53 $ 0.52

December 31, 2017 0.50 0.48

January 31, 2018 0.49 N/A

Eximco's incremental borrowing rate is 12 percent. The present value factor for one month at an annual interest rate of 12 percent (1 percent per month) is 0.9901.

a. Prepare all journal entries, including December 31 adjusting entries, to record these transactions and the forward contract.

b. What is the impact on net income in 2017?

c. What is the impact on net income in 2018?

On January 1, 2017, Blue Company issued $1,810,000 face value, 7%, 10-year bonds at $1,943,218. This price resulted in a 6% effective-interest rate on the bonds. Blue uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1.

A. Prepare the journal entries to record the following transactions. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

B. Show the proper long-term liabilities balance sheet presentation for the liability for bonds payable at December 31, 2018. (Round answers to 0 decimal places, e.g. 125.)

C. Provide the answers to the following questions.

1. What amount of interest expense is reported for 2018? (Round answer to 0 decimal places, e.g. 125.)

2. The bond interest expense reported in 2018 would be (select an option: greater than, less than, same as) the amount that would be reported if the straight-line method of amortization were used.

Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9] On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $750 million. The income tax rate is 40%. Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2013. The options are exercisable as of September 13, 2017, for 30 million common shares at an exercise price of $56 per share. During 2018, the market price of the common shares averaged $70 per share. In 2014, $62.5 million of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Berclair’s basic and diluted earnings per share for the year ended December 31, 2018(Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

t year-end 2018, Wallace Landscaping’s total assets were $2.17 million, and its accounts payable were $505,000. Sales, which in 2018 were $2.8 million, are expected to increase by 15% in 2019. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $405,000 in 2018, and retained earnings were $280,000. Wallace has arranged to sell $120,000 of new common stock in 2019 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2019. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its net profit margin on sales is 7%, and 60% of earnings will be paid out as dividends.

What was Wallace's total long-term debt in 2018? Do not round intermediate calculations. Round your answer to the nearest dollar. $

What were Wallace's total liabilities in 2018? Do not round intermediate calculations. Round your answer to the nearest dollar. $

How much new long-term debt financing will be needed in 2019? (Hint: AFN - New stock = New long-term debt.) Do not round intermediate calculations. Round your answer to the nearest dollar. $

Problem 16-4 Change in tax rate; record taxes for four years [LO16-1, 16-5]

Zekany Corporation would have had identical income before taxes on both its income tax returns and income statements for the years 2018 through 2021 except for differences in depreciation on an operational asset. The asset cost $130,000 and is depreciated for income tax purposes in the following amounts:

  
The operational asset has a four-year life and no residual value. The straight-line method is used for financial reporting purposes.
  
Income amounts before depreciation expense and income taxes for each of the four years were as follows.
   

  
Assume the average and marginal income tax rate for 2018 and 2019 was 30%; however, during 2019 tax legislation was passed to raise the tax rate to 40% beginning in 2020. The 40% rate remained in effect through the years 2020 and 2021. Both the accounting and income tax periods end December 31.
   
Required:
Prepare the journal entries to record income taxes for the years 2018 through 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

A website that sells movie tickets can tell what devices are used to access their site and make purchases. The manager of the website is approached by members of a movie production company who want to partner in the development of a phone app. To estimate what proportion of ticket buyers make purchases using their smart phones, 400 users of the website were randomly sampled from the existing database and 180 were found to have used their smart phones.

   Assuming the true proportion were thought to be 0.45, what would be the probability that a majority of the purchases were made using a smart phone?

   What would be an 85% confidence interval for the proportion of website visitors who purchased tickets using a smart phone?

Tracy is in her last semester of nursing school where she is taking a course in which her class learns about the importance of evidence-based practice. Dr. Minturn, the nursing professor who teaches the course, has asked the students to write a paper about a mock research study of their choosing. The students are to pose a clinical question and then map how they would create a research study around the question. They are not to actually carry out the research, but they are to envision what their study would look like and then map it on paper.

1. Tracy needs to conduct a literature review of her chosen phenomena of study. One database she can use to obtain peer reviewed nursing articles is:

Determine which of the following statements are: (a) true for systems flowcharts only, (b) true for data flow diagrams only, (c) true for both or (d) true for neither. 1) Can be prepared using information technology tools 2) Clearly specifies responsibility for business processes 3) Commonly thought of as the one best way to represent an AIS 4) Incorporates verb phrases to label processes 5) Labels data flows between processes 6) May span multiple pages 7) Processes can be represented with different types of symbols 8) Represents processes with a single symbol type 9) Should be uncluttered and easy to read 10) Uses a symbol to represent a database

The human body maintains its internal temperature through thermoregulation, and a healthy adult has a mean body temperature of 98.6 °F.

The processes of thermoregulation begin to deteriorate in older age, making it difficult to diagnose elderly patients who might have an illness. To understand the body temperature of elderly patients, researchers randomly sampled the body temperatures of elderly patients from a large database of medical records where the body temperatures were normally distributed.

Conduct a two‑tailed, one‑sample ?-test

to determine whether the mean body temperature of the elderly patients is different from that of a healthy adult using the sample data provided (in degrees Fahrenheit). Use a significance level of ?=0.05.

96.6,96.7,96.8,97.4,97.4,97.8,97.8,98.2,98.4,98.9

Q 3 b)

In this question you must write a php script to take Name[input = text], Country[input = select, card_number[input = number], and type of card[input = radio button]to get user's input. The name of this file will be payment.php.

Once the user submits the form; you must direct all the information to cust_info.html.

The task is to keep a record in the cust_info.html of all the users who fill the forms and hit submit.

the output must populate the list in the form of;

Tiger Woods; CA;123456789123545698; VISA

Lucky Mann; FL; 2365415698712365478; MASTER CARD

...............................................

..............................................

up to six forms of info.

Alert: you can only use  PHP and HTML. NO JavaScript or database [20 points]