Questions
What is the maturity value of the bonds?

 

Question: Analyzing, journalizing, and reporting bond transactions

Danny’s Hamburgers issued 6%, 10-year bonds payable at 90 on December 31, 2018.

At December 31, 2020, Danny reported the bonds payable as follows:

Long-term Liabilities:

Bonds Payable $ 600,000

Less: Discount on Bonds Payable (48,000) $ 552,000

Danny’s pays semiannual interest each June 30 and December 31.

Requirements

1. Answer the following questions about Danny’s bonds payable:

a. What is the maturity value of the bonds?

b. What is the carrying amount of the bonds at December 31, 2020?

c. What is the semiannual cash interest payment on the bonds?

d. How much interest expense should the company record each year?

 

In: Accounting

An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving,...

An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving, they have reduced the monthly premiums that they charged per automobile by more than $60 per month on average. To test this claim, a random sample of 25 automobile policies were allowed to be looked at. This random sample compared the monthly premiums in June, 2020, with the monthly payment before the pandemic (February, 2020) and it was calculated that the monthly premium in June dropped by an average of $63 and that the standard deviation in this this drop in premiums was calculated to be $10.00. At the .01 level of significance, is there sufficient evidence that the insurance company’s claim is true? In answering this question, complete the following in the spaces provided (including diagrams):

Hypotheses

Test statistic

Decision rule

p-value

Conclusion

In: Statistics and Probability

An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving,...

An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving, they have reduced the monthly premiums that they charged per automobile by at least $50 per month on average. To test this claim, a random sample of 22 automobile policies were allowed to be looked at. This random sample compared the monthly premiums in June, 2020, with the monthly payment before the pandemic (February, 2020) and it was calculated that the monthly premium in June dropped by an average of $44 and that the standard deviation in this this drop in premiums was calculated to be $12.00. At the .05 level of significance, is there sufficient evidence that the insurance company’s claim is false? In answering this question, complete the following in the spaces provided (including diagrams):

Please provide hypothesis, test staistic, decision rule, p-value, and conclusion.

In: Statistics and Probability

Marin Steel Company, as lessee, signed a lease agreement for equipment for 5 years, beginning December...

Marin Steel Company, as lessee, signed a lease agreement for equipment for 5 years, beginning December 31, 2020. Annual rental payments of $46,000 are to be made at the beginning of each lease year (December 31). The interest rate used by the lessor in setting the payment schedule is 7%; Marin’s incremental borrowing rate is 9%. Marin is unaware of the rate being used by the lessor. At the end of the lease, Marin has the option to buy the equipment for $5,000, considerably below its estimated fair value at that time. The equipment has an estimated useful life of 7 years, with no salvage value. Marin uses the straight-line method of depreciation on similar owned equipment. Prepare the journal entries, that Marin should record on December 31, 2020.

In: Accounting

Required information [The following information applies to the questions displayed below.]    In 2018, the Westgate...

Required information

[The following information applies to the questions displayed below.]
  

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows:

2018 2019 2020
Cost incurred during the year $ 2,204,000 $ 3,192,000 $ 2,424,400
Estimated costs to complete as of year-end 5,396,000 2,204,000 0
Billings during the year 2,140,000 3,256,000 4,604,000
Cash collections during the year 1,870,000 3,200,000 4,930,000


Westgate recognizes revenue over time according to percentage of completion.

3. Complete the information required below to prepare a partial balance sheet for 2018 and 2019 showing any items related to the contract. (Do not round intermediate calculations.)

In: Accounting

Pina Colada Corporation uses special strapping equipment in its packaging business. The equipment was purchased in...

Pina Colada Corporation uses special strapping equipment in its packaging business. The equipment was purchased in January 2019 for $9.60 million and had an estimated useful life of 8 years with no residual value. In early April 2020, a part costing $840,000 and designed to increase the machinery’s efficiency was added. The machine’s estimated useful life did not change with this addition. By December 31, 2020, new technology had been introduced that would speed up the obsolescence of Pina Colada’s equipment. Pina Colada’s controller estimates that expected undiscounted future net cash flows on the equipment would be $6.05 million, and that expected discounted future net cash flows on the equipment would be $5.57 million. Fair value of the equipment at December 31, 2020, was estimated to be $5.38 million. Pina Colada intends to continue using the equipment, but estimates that its remaining useful life is now four years. Pina Colada uses straight-line depreciation. Assume that Pina Colada is a private company that follows ASPE.

Prepare the journal entry to record asset impairment at December 31, 2020, if any.

Fair value of the equipment at December 31, 2021, is estimated to be $5.66 million. Prepare any journal entries for the equipment at December 31, 2021.

Repeat part (b), assuming that on December 31, 2021, Pina Colada's management decides to dispose of the equipment. As at December 31, 2021, the asset is still in use and not ready for sale in its current state. In February 2022, Pina Colada's management will meet to outline an active program to find a buyer.

Repeat part (b), assuming that the equipment is designated as "held for sale" as of January 1, 2021, and that the equipment was not in use in 2021 but was still held by Pina Colada on December 31, 2021.

Repeat parts (a) and (b), assuming instead that Pina Colada is a public company that prepares financial statements in accordance with IFRS.

In: Accounting

I have a CSV file with 6 column Issue id action id Issue category Issue date...

I have a CSV file with 6 column

Issue id action id Issue category Issue date Issue Closed Date Issue Type

Please write a code in Python that counts the number of issues in each category and the earliest and latest issue date for each category.

Example of csv

Issue id action id Issue category Issue date Issue Closed Date Issue Type
23 1 Noise Complaint 7/19/2020 7/22/2020 Client Complaint
24 1 Cleanliness Complaint 7/19/2020 7/23/2020 Sanitation
25 2 Site Inspection 7/20/2020 7/20/2020 Patrol
26 2 Noise Complaint 7/19/2020 7/23/2020 Client Complaint

In: Computer Science

No handwriting or photo (tax accounting) a-Explain the different concepts of income from accounting, economics and...

No handwriting or photo (tax accounting)

a-Explain the different concepts of income from accounting, economics and taxation perspectives

b-What is the difference between deductions for and deductions from adjusted gross income AGI under US tax law? Give two examples of each deduction

In: Accounting

Statistics and Graphical Displays Valencia Orange Price Comparison You have been hired as a consultant to...

Statistics and Graphical Displays

Valencia Orange Price Comparison

You have been hired as a consultant to determine who ABC Grocery Store should be ordering Valencia Oranges from.

To: Statistician

From: ABC Grocery Store

Please advise us on which company to use as our orange distributor. Three highly recommended distributors have provided us with statistical data on the weekly prices for one load of Valencia oranges per week for a ten-week period last year. Prices fluctuate according to availability, and we would like to use the company with the lowest overall price and the least amount of fluctuation. We would like your written report showing your results and a detailed recommendation as to which company we should choose.

Here are the prices, listed as price in dollars per crate:

Week

The Fruit Guys

Sunny Oranges

Tree Groves

1                 

350

345

345

2

350

295

340

3

310

325

310

4

330

315

290

5

340

290

305

6

290

305

290

7

305

300

320

8

315

315

320

9

325

340

300

10

355

350

359

You must type in and analyze the data for each company.    

Helpful directions:

  1. Analyze the data for each company: frequency, relative frequency, mean, median, mode, standard deviation, and range. (I already made a chart which is show right below this question for this and answered it. I just need help with the rest please)
  2. The Fruit Guys Sunny Oranges Tree Groves
    Mean 327 318 317.9
    Median 327.5 315 315
    Mode 350 315 290,320
    Standard Deviation 20.761 20.273 22.421
    Range 65 60 69
    Frequency 3270 3180 3179
    Relative Frequency 355 350 359
  3. You need to decide which statistics to compare to determine the overall lowest price and the least fluctuation. Create and include at least two charts that will be useful to best support your conclusions. (PLEASE DRAW THE CHARTS, THANK YOU!)
  4. Write a brief informative letter in response to the request from ABC Grocery answering their request. Be sure to include:
    1. A very detailed explanation of the data and the conclusions you came to. You should use the statistics you calculated to make this decision. (HELPPPPP PLEASEEEE! THANK YOU******)
    2. Charts to support your explanation.
  5. Attach copies of the Excel pages or embed the Excel work in your letter of response.

In: Math

Developing a Promising Manager Training and development are the second components of the human resource management...

Developing a Promising Manager

Training and development are the second components of the human resource management system and are used to ensure that organizational members develop the skills and abilities that will enable them to perform their jobs effectively in the present and the future. Training and development are ongoing processes because changes in technology and the environment, as well as in an organization's goals and strategies, often require that organizational members learn new techniques, gain new knowledge, and develop new abilities.

In this activity, you will take on the role of Janel, a training and development manager, as she tries to decide on the most appropriate training program for a promising young manager at the hypothetical company, Acme International. Review the training and development section in the text before beginning this activity.

Janel is a training and development specialist at the hypothetical company, Acme International. Acme's organizational goals include continued international expansion and becoming the market leader in their industry for new products. Over the last week, Janel has had several discussions with the West Coast divisional manager about a promising employee, Dena.

Dena earned two bachelor's degrees from a prestigious university five years ago, one in Art and Design and the other in Psychology and Social Behavior. She worked for a marketing firm before joining the West Coast division of Acme International as an assistant manager two years ago. She has impressed her supervisors and moved up steadily in the division. She has shown strong aptitude for leadership and teamwork as well as being a regular contributor of innovative new product and marketing ideas. Although she grew up in New York and attended school in California, her experience with other countries and cultures has been limited to one semester studying in Spain.

The divisional manager initiated the discussions with Janel in order to start mapping out a development plan for Dena. Janel has been reviewing Dena's history and the various development possibilities provided by Acme. Janel's main goal is to prepare Dena to move up in the international product development division. A single developmental program will probably not be enough. What combination of programs will be most effective at filling the gaps in Janel's background and preparing her to manage an international development team?

8.Does Janel need to build a development program for Dena that will provide her with the education necessary to take on new responsibilities and more challenging positions?

A.Yes. Her bachelor’s degrees provide a good foundation, but she’d probably benefit from an MBA.

B.Yes. Her bachelor’s degrees provide a good foundation, but she’d probably benefit from another undergraduate degree in international management.

C. No. Her bachelor’s degrees provide more than enough formal education for direction in which she’s headed.

9.

Dena’s variety of job experiences with Acme and other firms likely has provided her with

A.sufficient technical skill for her advancement with Acme.

B.a chance to broaden her horizons and see the big picture.

C.a background that will help her deal with ethical dilemmas.

10.Dena mostly has worked in line positons. Should Janel rotate her through a staff position?

A.No. The career they envision for her is in line positions.

B.Yes. The career they envision for her is in staff positions.

C.Yes. The career they envision for her requires understanding of all aspects of the organization.

11.If Dena is to be the manager of an international development team, the best thing Janel should try to get Dena is

A.lessons in a foreign language.

B.intensive cross-cultural training.

C.an overseas posting for a few years.

12.Janel sets up a meeting with Dena, and says, “I’ve reviewed your history and qualifications. Based on this _____, I have designed a development plan for you.”

A.needs assessment

B.performance review

C. background check

In: Operations Management