In 2020, Peterson Corporation incurred research costs as follows:

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?

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.

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?

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?

Which of the following taxpayers may claim the standard mileage rate?

Kamila, a sole proprietor, drove her new automobile 3,199 miles for business in 2020. She kept a contemporaneous record of her mileage.

Merlin, a sole proprietor, drove his 2018 automobile 15,832 miles for his business in 2020. He has been using actual expenses since he put the vehicle into service.

Joyce is a volunteer at the American Red Cross in her community. She estimates she drove at least 2,000 miles during 2020 for her volunteer work.

Sally, a reserve member of the Armed Forces, moved 1,956 miles to be closer to her aging parents.

Swift Corp., a capital goods manufacturing business that started on January 4, 2019, and operates on a calendar-year basis, uses the cost recovery method of profit recognition in accounting for all its sales. The following data were taken from the 2019 and 2020 records.

                                                                      2019                   2020

Installment sales                                 $800,000         $1,000,000

Cost of sales                                         $600,000         $700,000

Cash collections on sales of 2019 $500,000         $300,000

Cash collections on sales of 2020        –0–                $600,000

Instructions: Using cost recovery method

(a) Compute the amount of realized gross profit to be recognized in each year

(b) State where the balance of Unrealized Gross Profit in each year

answer with exel

Contingent Liability

Facts:

• You are auditing a very successful and highly profitable manufacturing company as of December 31, 2020.
• The Company has always maintained adequate insurance in different areas. The Company has decided, effective January 1, 2021, not to purchase insurance against risk of loss that may result from injury to others, damage to the property of others, or interruption of its business operations.
• The Company would like to record a $5,000,000 reserve as of December 31, 2020 for claims associated with future events which may occur.

Required:

Should the Company record this $5,000,000 Reserve for Claims (a contingent liability) in its 12/31/2020 Financial Statements? Why or why not?

In a company, beginning capital balances on June 1, 2020, are Coo $53,000 and Vid $65,500. During the month, drawings were Coo $8,200 and Vid $6,700. Net income was $30,000, and the partners share the income based on interest allowances of 10% on beginning capital balances and share the remaining income equally. What is the division of net income for Coo?

In a company, beginning capital balances on second quarter of 2020, are Coo $72,000 and Vid $67,500. During the quarter, drawings were Coo $11,500 and Vid $9,900. Net income was $37,000, and the partners share income equally. What is the company’s total equity in its statement of financial position at June 30, 2020?

Ramakrishnan, Inc., reported 2021 net income of $45 million and depreciation of $2,950,000. The top part of Ramakrishnan, Inc.’s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 50 $ 17 Accrued wages and taxes $ 31 $ 26 Accounts receivable 85 83 Accounts payable 95 90 Inventory 173 126 Notes payable 90 85 Total $ 308 $ 226 Total $ 216 $ 201

Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)