More Americans are approving of the way that Donald Trump is managing his job of being President of the United States of America. In an American Research Group poll of February 2020, American voters were at 37% approval, 59% disapproval. As of March 2020, 35% approved of the way President Trump was handling his job and 62% were disapproved. The poll consisted of 246 Republicans, 358 Democrats, 391 independents, and 105 non-voters and was sample dates were taken from March 16th to March 19th of 2020
In: Statistics and Probability
Keener Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1, 2020 through June 30, 2021.
| July 1 2020 | June 30 2021 | |
| Raw material | 40,000 | 10,000 |
| Work-in process | 8,000 | 8,000 |
| finished goods | 30,000 | 5,000 |
Three (3) units of raw material are needed to produce each unit
of finished product.
If 450,000 finished units were to be manufactured during the
2020-2021 fiscal year by Keener Company, the units of raw material
needed to be purchased would be
|
1,350,000 units. |
||
|
1,360,000 units. |
||
|
1,320,000 units. |
||
|
1,330,000 units. |
In: Accounting
In: Accounting
In: Accounting
Chapter 11 Operational Assets: Utilization and Impairment
Jackson Company purchased a new piece of equipment on July 1, 2018 at a cost of $36,000. The equipment has an estimated useful life of 10 years and an estimated residual value of $6,000. During its ten-year useful life, the equipment is expected to produce 500,000 units. The equipment actually produced the following number of units: 2018, 25,000; 2019, 84,000; and 2020, 90,000.
(a) Calculate depreciation expense for 2018, 2019, and 2020 assuming Jackson uses sum-of-the-years’-digits depreciation.
(b) Calculate depreciation expense for 2018, 2019, and 2020 assuming Jackson uses double-declining balance depreciation.
In: Accounting
11) Harry Inc. acquired all of the outstanding common stock of Rose Company on January 1, 2020. Annual amortization of $25,000 resulted from this transaction. On the date of the acquisition, Harry reported retained earnings of $550,000 while Rose reported a $260,000 balance for retained earnings. Harry reported net income of $105,000 in 2020 and $75,000 in 2021, and paid dividends of $20,000 each year. Rose reported net income of $28,000 in 2020 and $39,000 in 2021, and paid dividends of $11,000 each year.
Required: If the parent’s net income reflected use of the initial value method, what were the consolidated retained earnings on December 31, 2021?
In: Accounting
The prevalence of obesity remains high and affects Americans of all ages. Review the following resource: • United States Department of Health and Human Services (2017). 2020 Topics and objectives: Nutrition and weight status (Links to an external site.)Links to an external site.. Retrieved from: https://www.healthypeople.gov/2020/topics-objectives/topic/nutrition-and-weight-status Initial Discussion Post: • Identify two (2) contributing factors to childhood obesity. • List three (3) ways the nurse could intervene to promote the nutrition and weight status objectives for Healthy People 2020. • Discuss why these objectives are important for individuals or communities. • Identify two (2) contributing factors to adult obesity.
In: Nursing
The prevalence of obesity remains high and affects Americans of all ages. Review the following resource: • United States Department of Health and Human Services (2017). 2020 Topics and objectives: Nutrition and weight status (Links to an external site.)Links to an external site.. Retrieved from: https://www.healthypeople.gov/2020/topics-objectives/topic/nutrition-and-weight-status Initial Discussion Post: • Identify two (2) contributing factors to childhood obesity. • List three (3) ways the nurse could intervene to promote the nutrition and weight status objectives for Healthy People 2020. • Discuss why these objectives are important for individuals or communities. • Identify two (2) contributing factors to adult obesity.
In: Nursing
X Company has 200 units of Product K on December 31, 2020, which originally cost $15. The replacement cost of Product X is $7.5. Product X sells for $12.5 has associated selling costs of $1.5, and a normal profit margin would be $2.5. X Company treats any write-downs as losses.
Suppose X Company uses a perpetual LIFO inventory system. What would the journal entry be in dec 31, 2020 to record the measurement of inventory?
Suppose X Company uses a perpetual FIFO inventory system. What would the journal entry be in dec 31, 2020 to record the measurement of inventory?
In: Accounting
You found an item totaling $48,000 treated as miscellaneous expenses. You seek clarification from the tax payer and was told that from 1 July 2020, he was appointed as a part-time consultant to a company and received a total of $48,000 for the period of 1 July 2020 to 31 December 2020. However, he did not declare it as income as he argued that it is not related to his business. Instead he treated it as miscellaneous expenses, a replacement cost for the time he spent on consulting and not attending to his own business (treated as expense for time spent/lost).
Explain the implication of the items and suggest the tax treatment you would adopt in addressing the issues.
In: Accounting