2. Vel Corporation had the following information on December 31, 2020:
- Assess = $350,000
- Liabilities = $100,000
- Stockholder's Equity:
Contributed Capital = $200,000
Retained Earnings = ?
On December 31, 2020, Vel Corporation's Retained Earnings is:
Group of answer choices
A) $250,000
B) $50,000
C) $150,000
D) Cannot be determined from the information.
In: Accounting
Problem #2
A machine, which cost $400,000, is acquired on October 1, 2020. Its estimated salvage value is $30,000 and its expected life is 8 years.
Instructions
Calculate depreciation expense for 2020 and 2021 by each of the following methods, showing the figures used. SHOW ALL WORK!
(a) Double-declining balance
(b) Straight-Line
In: Accounting
The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2022. The bonds yield 12%. Give entries through December 31, 2020.
Prepare all the relevant journal entries from March 1, 2019 until March 1, 2020. (The company closes its books on December 31).
In: Accounting
In 2020, Peterson Corporation incurred research costs as follows:
|
Materials and supplies |
$60,000 |
|
|
Personnel |
65,000 |
|
|
Indirect costs—allocated |
80,000 |
|
|
$205,000 |
These costs relate to a product that Peterson expects to market in
2021. It is estimated that these costs will be recouped by December
31, 2023. How much of these costs could be capitalized in 2020?
|
$205,000 |
|
$125,000 |
|
$80,000 |
|
$0 |
In: Accounting
ABC receives 500000 dollar on december 31, 2019 when it issue a 10 year 6% mortgage note payable to finance the construction of a building. the terms provide for monthly installement paymenets.
prepare a journal entries required for the first 2 installment payment on january 31, 2020 and febuary 29, 2020. if the blended monthly payment is $4861.
In: Accounting
1- Identify the Epidemiological triangle, and explain the elements.
2- What are communicable diseases, give examples and explain the role of the nurse.
3- Describe Intrinsic and extrinsic factors for infectious agents, provide examples.
4- Explain the purpose of Healthy people 2020 and its benefits.
5- Why is Cardiovascular disease a targeted condition for Healthy People 2020?
In: Nursing
1- Identify the Epidemiological triangle, and explain the elements.
2- What are communicable diseases, give examples and explain the role of the nurse.
3- Describe Intrinsic and extrinsic factors for infectious agents, provide examples.
4- Explain the purpose of Healthy people 2020 and its benefits.
5- Why is Cardiovascular disease a targeted condition for Healthy People 2020?
In: Nursing
Please respond to the following discussion post:
The strategy that Avon president Andrea Jung began to pursue to turn grow the company’s wealth was to follow the same guidelines in international markets that the American companies used, which was to give country managers considerable autonomy. This policy allowed them to use the Avon brand name in a direct-sales format that was the company’s hallmark (Hill, 2015, p. 404). Once Jung realized that this business model was not working for Avon she transformed the company by hiring seasoned managers from well-known global consumer products companies such as Proctor & Gamble and Unilever to regain control over communications, performance visibility, and accountability of the company (Hill, 2015, p. 405).This move was the beginning of a positive growth performance of the company, and by 2007, this strategy was starting to yield dividends. Jung began using stars to promote the Avon products which resulted in higher product sales, and an increase in its sales force.
Avon soon took another tumble in market shares in the year 2010 and 2011 because of an increase of competition from rival companies like Proctor & Gamble. Problems arising from technology issues and bribes from government officials in China caused Avon to be charged with violating the Foreign Corrupt Practices Act. After feeling the pressure from investors Jung relinquished her role as CEO in 2011. Sometimes CEO’s take risks that start out on a good path but after a while find that changes need to be made sooner than later in order to offset market changes that will affect company growth. Jung’s aggressive strategy proved to be a failure in the end and ultimately resulted in her ouster as CEO.
In: Economics
10.7 When people make estimates, they are influenced by anchors to their estimates. A study was conducted in which students were asked to estimate the number of calories in a cheeseburger. One group was asked to do this after thinking about a calorie-laden cheesecake. A second group was asked to do this after thinking about an organic fruit salad. The mean number of calories estimated in a cheeseburger was 780 for the group that thought about the cheesecake and 1,041 for the group that thought about the organic fruit salad. (Data extracted from “Drilling Down, Sizing Up a Cheeseburger's Caloric Heft,” The New York Times, October 4, 2010, p. B2.) Suppose that the study was based on a sample of 20 people who thought about the cheesecake first and 20 people who thought about the organic fruit salad first, and the standard deviation of the number of calories in the cheeseburger was 128 for the people who thought about the cheesecake first and 140 for the people who thought about the organic fruit salad first.
a. State the null and alternative hypotheses if you want to determine whether the mean estimated number of calories in the cheeseburger is lower for the people who thought about the cheesecake first than for the people who thought about the organic fruit salad first.
b. In the context of this study, what is the meaning of the Type I error?
c. In the context of this study, what is the meaning of the Type II error?
d. At the 0.01 level of significance, is there evidence that the mean estimated number of calories in the cheeseburger is lower for the people who thought about the cheesecake first than for the people who thought about the organic fruit salad first?
In: Math
10.7 When people make estimates, they are influenced by anchors to their estimates. A study was conducted in which students were asked to estimate the number of calories in a cheeseburger. One group was asked to do this after thinking about a calorie-laden cheesecake. A second group was asked to do this after thinking about an organic fruit salad. The mean number of calories estimated in a cheeseburger was 780 for the group that thought about the cheesecake and 1,041 for the group that thought about the organic fruit salad. (Data extracted from “Drilling Down, Sizing Up a Cheeseburger's Caloric Heft,” The New York Times, October 4, 2010, p. B2.) Suppose that the study was based on a sample of 20 people who thought about the cheesecake first and 20 people who thought about the organic fruit salad first, and the standard deviation of the number of calories in the cheeseburger was 128 for the people who thought about the cheesecake first and 140 for the people who thought about the organic fruit salad first.
a. State the null and alternative hypotheses if you want to determine whether the mean estimated number of calories in the cheeseburger is lower for the people who thought about the cheesecake first than for the people who thought about the organic fruit salad first.
b. In the context of this study, what is the meaning of the Type I error?
c. In the context of this study, what is the meaning of the Type II error?
d. At the 0.01 level of significance, is there evidence that the mean estimated number of calories in the cheeseburger is lower for the people who thought about the cheesecake first than for the people who thought about the organic fruit salad first?
SHOW EXCEL FUNCTIONS USED TO ANSWER.
In: Math