Consider the following transactions for Huskies Insurance Company:

a. Equipment costing $40,800 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,800 per year.

b. On June 30, the company lends its chief financial officer $48,000; principal and interest at 5% are due in one year.

c. On October 1, the company receives $15,200 from a customer for a one-year property insurance policy. Deferred Revenue is credited.

Consider a sealed-bid auction in which the seller draws one of the N bids at random. The buyer whose bid was drawn wins the auction and pays the amount bid. Assume that buyer valuations follow a uniform(0,1) distribution.

1. What is the symmetric equilibrium bidding strategy b(v)?

2.What is the seller’s expected revenue?

3.Why doesn’t this auction pay the seller the same revenue as the four standard auctions? That is, why doesn’t the revenue equivalence theorem apply here? Be specific.

A particular city’s accounting system is organized and operated on a fund basis. Among the types of funds used are a general fund, a special revenue fund, and an enterprise fund.

Required for Initial Discussion Post:

Explain the basic differences in revenue recognition between the accrual basis of accounting and the modified accrual basis of accounting in relation to governmental accounting. What basis of accounting should be used for each of the following funds: (1) general fund, (2) special revenue fund, and (3) enterprise fund?

1. Please explain what accrued expenses are and let us know why these adjustments are necessary. Please provide an example of an adjusting entry for an accrued expense.

2. Please explain what accrued revenues are and let us know why these adjustments are necessary. Please provide an example of an adjusting entry for accrued revenues.

3. Please explain what an Unearned Revenue account is and why an adjustment may be necessary for Unearned Revenue. Please provide an example of an adjusting entry for Unearned Revenue.

Please read case and answer the questions thank you.

Pinterest is a rapidly growing social network that allows users to “pin” pictures to their ownonline board, creating a kind of highly interactive and social online magazine or scrapbook. There are a variety of categories of boards, including gifts, animals,art, cars, and food. As one of the fastest growing sites in the history of the Web,Pinterest has quickly caught the eye of marketers in industries that lendthemselves to pictorial representation of their products. In 2012, the site had10,000 users, and now has over 150 million users in 2016.Currently, 80% of Pinterest users are women, making it an excellent marketing platform for women’s fashion and beauty retailers. One of the foremost amongthese retailers is Sephora, a beauty retailer with over 300 stores in North Americaand operations in 27 different countries around the world. Founded in Paris in1970, Sephora is a highly regarded global brand with a healthy social media presence on many platforms, including Facebook andTwitter as well as Pinterest. Sephora’s social media objectives are different ondifferent platforms, and the company values each one. But Sephora is devoting more attention than ever to itsPinterest presence because of the heightened engagement of users on thePinterest platform.Pinterest users are specifically interested in pinning items that interest them and which they might want to buy, whether they’re ready to purchase immediately orsometime in the future. For this reason, Sephora has seen a much greater engagement level from its fan base on Pinterest than on any other platform.Sephora’s Pinterest page consists of a variety of boards, many of which display different products in Sephora’s catalog, categorized by type. Boards include Makeup of the Day, Today’s Obsession, Lips, Eyes, Trending Now, Skincare IQ, Beauty How-tos, and a host of others. Not every board displays beauty productsand fashion trends – there are also lists for Quotes, Recipes, and Gifts for Him.The interactivity of the Pinterest platform is a two-way relationship for Sephora and its customers. Individual Pinterest users can pin favorite products from Sephora’s page, and Sephora can also pin photos of users trying out its products.For example, the Makeup of the Day board consists of user-submitted photosshowcasing different Sephora makeup products, submitted at Sephora.com’s message board. The company actively engages with users, encouraging them to try out different products and looks, and keeping track of which items in itscatalog are more frequently repinned. Sephora is also on the lookout for‘trendsetters’ – people whose Pinterest activity most influences other Sephorafans. Although Sephora’s Facebook audience is many times larger than its Pinterest audience (currently 15 million versus around 475,000 on Pinterest), the company reports that, at the time of the video, each Pinterest follower has fifteen times the salesimpact of one Facebook follower. For Sephora, the engagement level of the Pinterest platform and the emphasis on reaching highly interested potential customers is paying off.

1.What were some of the trends noted in the video that initially tipped Sephora off to the potential of Pinterest?

2. How did Sephora integrate Pinterest into its e-commerce presence?

3. What aspect of Pinterest does Bridget Dolan, VP of Interactive Media at Sephora, note that she finds the mostfascinating?

4.What are some of the keys to launching a successful Pinterest marketing campaign?

5. Why is Pinterest an idealmarketing platform for a company like Sephora?

6.What are some other examples of industries well suited to Pinterest marketing campaigns?

1) Babcock and Marks (2010) reviewed survey data from 2003–2005, and obtained an average of μ = 14 per week spent studying by full-time students at four-year colleges in the United States. To determine whether this average has changed in recent years, a researcher selected a sample of n = 64 of today’s college students and obtained an average of M = 12.5 hours . If the standard deviation for the distribution is σ = 4.8 per week, does this sample indicate a significant change in the number of hours spent studying? Use a two-tailed test with α = .05. Report Cohen’s d to indicate the size of the effect if necessary. Step 1,2,3,4,5,6

1) Babcock and Marks (2010) reviewed survey data from 2003–2005, and obtained an average of μ = 14 per week spent studying by full-time students at four-year colleges in the United States. To determine whether this average has changed in recent years, a researcher selected a sample of n = 64 of today’s college students and obtained an average of M = 12.5 hours . If the standard deviation for the distribution is σ = 4.8 per week, does this sample indicate a significant change in the number of hours spent studying? Use a two-tailed test with α = .05. Report Cohen’s d to indicate the size of the effect if necessary. Step 1,2,3,4,5,6

In Kelo v. City of New London, 545 U.S. 469 (2005), the U.S. Supreme Court decided a case in which landowners challenged the power of a city in Connecticut to take their property for redevelopment. The redevelopment plan did not contemplate that all of the land would be open to the public. Parts would be privately developed. The plaintiffs alleged that the taking was unconstitutional because it was not for a public purpose. The Supreme Court rejected this claim. Use economic analysis to argue for or against the view that such a mixed development plan should be regarded as serving a public purpose.

(a) Have DRM systems gone too far, as some critics claim? Recall the 2005 Sony BMG copy protection case involving the controversial “rootkit” problem (examined in Scenario 9-2). (b) Should Sony have been allowed to use a DRM system that cannot easily be uninstalled when circumstances warrant it? (c) Do companies like Sony need strong DRM systems to ensure the protection of their intellectual property rights? (d) What kind of compromise position might be reached between users and content owners in the ongoing debate about DRM systems? Please elaborate (beyond a yes or no answer) and provide your “theoretical” rationale in support of your responses. (comprehension)

pIease answer aII the questI0ns

On February 12, 2005, Nancy Trout and Delores Lake formed Kingfisher Corporation to sell fishing tackle. Pertinent information regarding Kingfisher is summarized as follows. Kingfisher's business address is 1717 Main Street, Ely, MN 55731; its telephone number is (218) 555-2211; and its e-mail address is [email protected]. The employer identification number is 11-1111111, and the principal business activity code is 451110. Nancy owns 50% of the common stock and is president of the company, and Delores owns 50% of the common stock and is vice president of the company. No other class of stock is authorized. Both Nancy and Delores are full-time employees of Kingfisher. Nancy's Social Security number is 123-45-6789, and Delores's Social Security number is 987-65-4321. Kingfisher is an accrual method, calendar year taxpayer. Inventories are determined using FIFO and the lower of cost or market method. Kingfisher uses the straight-line method of deprecation for book purposes and accelerated depreciation (MACRS) for tax purposes. During 2018, the corporation distributed cash dividends of $80,000. Kingfisher's financial statements for 2018 are shown below.

*The depreciation expense for taxes is the sames as the depreciation expense per the books.

During 2018, Kingfisher made estimated tax payments of $27,000 each quarter to the IRS.

Determine Kingfisher's income tax liability for tax year 2018 providing the following information that would be reported on Form 1120 and supporting schedules.