Liang Company began operations on January 1, 2016. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows.

2016

Sold $1,351,100 of merchandise (that had cost $981,600) on credit, terms n/30.

Wrote off $18,700 of uncollectible accounts receivable.

Received $667,400 cash in payment of accounts receivable.

In adjusting the accounts on December 31, the company estimated that 2.40% of accounts receivable will be uncollectible.

2017

Sold $1,532,300 of merchandise (that had cost $1,337,600) on credit, terms n/30.

Wrote off $27,400 of uncollectible accounts receivable.

Received $1,117,400 cash in payment of accounts receivable.

In adjusting the accounts on December 31, the company estimated that 2.40% of accounts receivable will be uncollectible.

  
Required:
Prepare journal entries to record Liang’s 2016 and 2017 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system and it applies the allowance method for its accounts receivable.) (Round your intermediate calculations to the nearest dollar amount.)

Walmart Stores, Inc. is the world's largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosures notes revealed the following information:

Balance Sheet (in millions):

Required:

1. Discuss some possible reasons why Walmart leases rather than purchases most of its premises.

2. The net asset "property under finance lease" has a 2016 balance of $6,345 million ($11,096-4,751). Liabilities for finance leases total $6,367 ($551+5,816). Why do the asset and liability amounts differ?

3.Prepare a 2016 summary entry to record Walmart's lease payments, which were $600 million.

4. What is the approximate average interest rate on Walmart's finance leases? (hint: see requirment 3)

Federal Semiconductors issued 12% bonds, dated January 1, with a face amount of $890 million on January 1, 2016. The bonds sold for $827,052,405 and mature on December 31, 2032 (20 years). For bonds of similar risk and maturity the market yield was 13%. Interest is paid semiannually on June 30 and December 31. Federal determines interest at the effective rate. Federal elected the option to report these bonds at their fair value. On December 31, 2016, the fair value of the bonds was $810 million as determined by their market value in the over-the-counter market. Assume the fair value of the bonds on December 31, 2017 had risen to $816 million. Required: Complete the below table to record the following journal entries (Enter your answers in whole dollars.) 1. & 2. Prepare the journal entry to adjust the bonds to their fair value for presentation in the December 31, 2016 and on December 31, 2017, balance sheet. Federal determined that one-half of the increase in fair value was due to a decline in general interest rates. (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Comparing Three Depreciation Methods Newbirth Coatings Company purchased waterproofing equipment on January 2, 2013, for $532,000. The equipment was expected to have a useful life of four years, or 8,000 operating hours, and a residual value of $44,000. The equipment was used for 3,000 hours during 2013, 2,500 hours in 2014, 1,400 hours in 2015, and 1,100 hours in 2016. Required: 1. Determine the amount of depreciation expense for the years ended December 31, 2013, 2014, 2015, and 2016, by (a) the straight-line method, (b) the units-of-output method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. Depreciation Expense Year Straight-Line Method Units-of-Output Method Double-Declining-Balance Method 2013 $ $ $ 2014 $ $ $ 2015 $ $ $ 2016 $ $ $ Total $ $ $ 2. What method yields the highest depreciation expense for 2015? 3. What method yields the most depreciation over the four-year life of the equipment?

Topper company reported the following pre-tax financial income (loss for the years 2013-2017)

2013      70,000               30%       21,000

2014      45,000               30%       13,500

2015      -260,000             30%       0

2016      90                        35%       0

2017      215,000              35%       15,750

Topper company reported the following pre-tax financial income (loss for the years 2013-2017) 2013 70,000 2014 45,000 2015 -260,000 2016 90 2017 215,000 Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate was 30% for 2013 through 2015, and 35% for 2016 and thereafter. Assume the carryback provision is used first for net operating losses. Instructions: A. Prepare the journal entries for the years 2013 through 2017 to record income tax expense, income tax payable (refundable), and the tax effects of the loss carryback and loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that 60 percent of the benefits of the loss carryforward will not be realized. B. Prepare the income tax section of the 2015 income statement beginning with the line “income (loss) before income taxes”.

During 2016 (its first year of operations) and 2017, Batali Foods used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2018, Batali decided to change to the average method for both financial reporting and tax purposes.

Income components before income tax for 2018, 2017, and 2016 were as follows ($ in millions):

Dividends of $34 million were paid each year. Batali’s fiscal year ends December 31.

Required:
1. Prepare the journal entry at the beginning of 2018 to record the change in accounting principle. (Ignore income taxes.)
2. Prepare the 2018–2017 comparative income statements.
3. & 4. Determine the balance in retained earnings at January 2017 as Batali reported using FIFO method and determine the adjustment of balance in retained earnings as on January 2017 using average method instead of FIFO method.

The ongoing changes in the health-care landscape are influenced most by globalization, economic and technological factors, and the aging of the population. The complexity of the healthcare environment requires us to examine the leadership needs for the APN roles that are applicable for today and the future (Joel, 2018). In chapter 21 (Leadership for APNs: If Not Now, Then When?) the author outlines serval leadership theories or styles including:

• Situational or Contingency Leadership;
• Servant Leadership;
• Transformational or Transactional Leardershp;
• Rational Leadership;
• Clinical Leadership and Congruent Leadership.

Select one of the above leadership theories or style.

1. Using your own words define the theory.
2. Considering the various APN roles (Clinician, Educator, Researcher, Administrator, Entrepreneur, Consultant, and Leader) describe how you might use the leadership theory in your future APN role.
3. From your experience as a professional nurse, give one example of the selected leadership theory or style as seen in action or provide an exemplary example.

Relationship of Hospitalized Elders’ Perceptions of Nurse Caring Behaviors, Type of Care Unit, Satisfaction With Nursing Care, and Health Outcome of Functional Status Marlene Melchiorre Dey, PhD, APN, ACNP-BC, ANP-BC, Elite Medical Care .

According to Grove & Gray (2019), what are the potential biases of this sampling method?

a. This is a strong probability sampling method with very little potential for bias.

b. This method is used when an ordered list of all members of the population are available, and provides a random but not equal chance for inclusion in the study.

c. This method provides little opportunity to control for bias because subjects are included in the study merely because they happen to be in the right place at the right time.

d. This method is specific to the individuals who were recruited and the information gained cannot be generalized to others who don't share these types of experiences. e. None of the above biases best describe the sampling method chosen by the author.

A common design requirement is that an environment must fit the range of people who fall between the 5th percentile for women and the 95th percentile for men. In designing an assembly work​ table, the sitting knee height must be​ considered, which is the distance from the bottom of the feet to the top of the knee. Males have sitting knee heights that are normally distributed with a mean of 21.8 in. and a standard deviation of 1.3 in. Females have sitting knee heights that are normally distributed with a mean of 19.7 in. and a standard deviation of 1.2 in. Use this information to answer the following questions.

- What is the minimum table clearance required to satisfy the requirement of fitting 95% of men?

- Determine if the following statement is true or false. If there is clearance for 95% of males, there will certainly be clearance for all women in the bottom 5%.

- The author is writing this exercise at a table with a clearance of 23.1 in. above the floor. What percentage of men fit this table?

- What percentage of women fit this table?