| Naxion Corporation began operations on January 2, 2018, and had the following transactions during the year: | |||
| Jan. 2 | Issued 250,000 shares of $1 par value common stock at $45 per share. Total shares authorized: 1,000,000. | ||
| Feb. 5 | Issued 10,000 shares of $50 par, 5% cumulative preferred stock at $65 per share. Total shares authorized: 25,000. | ||
| Mar. 15 | Issued 150,000 shares of $1 par value common stock at $35 per share. | ||
| Apr. 2 | Declared a $2.50 per share cash dividend on its preferred stock to be paid on April 25. Date of record is April 10. | ||
| Apr. 3 | Declared a $0.10 per share cash dividend on its common stock to be paid on April 26. Date of record is April 10. | ||
| Apr. 25 | Payment of cash dividend on preferred stock. | ||
| Apr. 26 | Payment of cash dividend on common stock. | ||
| Jun. 1 | Declared a 2% stock dividend on all common stock outstanding. Current market price of the stock was $48 per share. Date of record is June 15. | ||
| Jun. 30 | Distributed common stock dividend to shareholders. | ||
| Oct. 10 | Purchased 2,500 shares of treasury stock-common at $52 per share. | ||
| Nov. 15 | Sold 2,000 shares of treasury stock-common at $54 per share. | ||
| Requirements: | |||
| 1 | Journalize Naxion’s transactions for 2018. | ||
| 2 | Prepare the stockholders' equity section of the balance sheet as of December 31, 2018, including the heading. Assume Naxion had net income of $15,000,000 during 2018. | ||
| 3 | Determine Naxion’s earnings per share for 2018, rounded to two decimal places. For the average number of common shares outstanding, average the number of shares outstanding on January 2 and December 31. | ||
| 4 | Assuming Naxion’s market value per common share as of December 31, 2018 was $55, calculate Naxion’s price/earnings ratio for 2018, rounded to two decimal places. | ||
In: Accounting
1/As of December 31, 2018, Amy Jo's Appliances had unadjusted account balances in accounts receivable of $305,000 and $930 in the allowance for uncollectible accounts, following 2018 write-offs of $6,390 in bad debts. An analysis of Amy Jo's December 31, 2018, accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. Bad debt expense for 2018 should be:
Multiple Choice
$6,390.
$6,100.
$5,170.
None of these answer choices are correct.
2/ Nu Company reported the following pretax data for its first year of operations.
| Net sales | 2,970 | ||
| Cost of goods available for sale | 2,380 | ||
| Operating expenses | 800 | ||
| Effective tax rate | 30 | % | |
| Ending inventories: | |||
| If LIFO is elected | 940 | ||
| If FIFO is elected | 1,080 | ||
What is Nu's gross profit ratio if it elects LIFO? (Round
your answer to the nearest whole percentage.)
Multiple Choice
61%.
21%.
52%.
56%.
3/ Bond Company adopted the dollar-value LIFO inventory method on January 1, 2018. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO:
| Ending Inventory | |||||||||||
| Year | At Current Cost | At
Base Year Cost |
Cost Index | ||||||||
| 1/1/2018 | $ | 306,000 | $ | 306,000 | 1.00 | ||||||
| 12/31/2018 | 339,560 | 326,500 | 1.04 | ||||||||
| 12/31/2019 | 433,100 | 355,000 | 1.22 | ||||||||
Under the dollar-value LIFO method, the inventory at December 31, 2019, should be
Multiple Choice
$362,090.
$355,000.
$355,820.
None of these answer choices are correct.
4/ Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:
| Skis | Boots | Apparel | Supplies | ||||||||||||
| Selling price | $ | 178,000 | $ | 152,000 | $ | 112,000 | $ | 68,000 | |||||||
| Cost | 148,000 | 140,000 | 78,400 | 47,600 | |||||||||||
| Replacement cost | 118,000 | 122,000 | 116,000 | 43,600 | |||||||||||
| Sales commission | 10 | % | 10 | % | 10 | % | 10 | % | |||||||
ry of apparel would be valued at:
Multiple Choice
$116,000.
$100,800.
$78,400.
$104,880.
In: Accounting
In: Accounting
Create a conceptual map using the case scenarios as guide.
Conceptual map should
include pathophysiology, medical diagnosis, signs and symptoms, and
risk factors, if
any. 3 Nursing diagnosis with nursing interventions, and expected
outcomes
Case Scenario for CNS-Brain Cancer
This is a case of a 45-year-old female, smoker, non-diabetic,
non-hypertensive who was having on and off headache for 5 months
prior to consult (April, 2015), this is associated with nausea and
vomiting. The headache was becoming recurrent until August of
2015
she decided to consult her doctor. Aside from nausea and vomiting,
symptoms include weakness of the left side of the body and numbness
and tingling sensation. Apparently, complete neurological
examination was done and it was unremarkable. A CT scan was
done on Sept 30, 2015 with the following findings:
A contrast-enhanced brain MRI demonstrated a 3 × 3 cm right
fronto-parietal resection cavity surrounded by a 5 × 4 cm area of
heterogeneous contrast enhancement extending to the right corona
radiata and periventricular white matter with associated
cerebral edema. The mass was not technically resectable due to
location and biopsy was consistent with GBM (Glioblastoma
multiforme), wild-type isocitrate dehydrogenase and unmethylated
O6-methylguanine DNA methyltransferase (MGMT),
with an MIB-1 index of 50%.
T1-weighted brain MRI with contrast at the time of diagnosis of radiation-induced glioblastoma multiforme.
Radiation-induced glioblastoma multiforme demonstrating
increased cellularity with marked nuclear atypia, necrosis, and
vascular endothelialization.
On January 25th of 2016, the patient underwent surgical therapy,
including fronto-parietal craniotomy, with total resection of the
tumor. On February 7th of 2016, a histopathology examination,
confirmed a diagnosis of the GBM IV stage.
In February 2017, approximately 13 months after her brain tumor
surgery, PatientCarlota had a follow-up diagnostic work-up, no
brain tumor recurrence was found. Due to the absence of tumor, no
radiotherapy was considered, and “watchful waiting” was recommended
including brain imaging studies (CT or MRI) to be repeated every 3
months. Due to the lack of the patient's consent, no chemotherapy
was implemented. During the irradiation period, Patient Carlota had
the first seizure episode, and was started on antiepileptic therapy
(Depakine 200 mg a day). she continued this therapy for the rest of
her life. After the radiotherapy, diagnostic follow-up examinations
were conducted every 3 months.
At the beginning of March 2018, tumor recurrence was found, and
the tumor was localized in an upper part of the tumor bed, within
the previously irradiated area (its size was 3.7 cm × 2.6 cm × 2.3
cm). Surprisingly, Patient Carlota had not experienced any
symptoms, and her physical and neurological examinations were
unremarkable.
On March 13th of 2019, stereotactic radiotherapy was done, using
a single dose of 8 Gy applied to the area of recurrent tumor was
performed. Unfortunately, on follow up examination, on July 6th of
2018, further progression of the GBM was found, due to the
tumor expansion, resulting in cerebral edema, herniation, and
multi-organ failure.
In: Nursing
What entities both government and non-government that oversees the governance and adoption of telehealth in the United States?
In: Nursing
How does mass incarceration affect society? Consider that the majority incarcerated are non-violent offenders.
In: Economics
In: Biology
proximal upper extremities what are they? how would
you define them in non medical terms?
In: Nursing
outline the major causes of error that are due to sampling and non sampling processess in the conduct of survey reserach.
In: Statistics and Probability
Transfected cells often grow and divide more slowly than non-transfected cells. Why?
In: Biology