Build a html form with the following elements. The form must be within a table structure.
• Current date: a non-editable
textbox and should be in the format as shown (e.g.
12 October 2020 Monday 05:35 PM)
• Number of weeks till end of the year: a label showing the total
number of weeks from now till 31st Dec 2020. (e.g. 17 days is 2
weeks and 3 days)
In: Computer Science
1. As of December 31, 2020, the Russell Corporation has
10,000 shares ($100 PAR) 10% preferred stockissued and outstanding
20,000 shares of common stock ($10 par value) issued and outstanding
Dividends for 2018 and 2019 have NOT been paid – THEREFORE THERE ARE TWO YEARS OFF DIVIDENDS IN ARREARS ON THE PREFERRED STOCK.
At December 31, 2020, Russell Corp. declares total cash dividends of $500,000 to be paid to both the preferred stockholders and the common stockholders. Fill in the table below to indicate the amount of cash that will be distributed to both the preferred stockholders and the common stockholders, on December 31, 2020, under each of the independentsituations
|
Distributed to preferred stockholders |
Distributed to common stockholders |
|
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Preferred stock is NON cumulative and NON participating |
||
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Preferred stock is cumulative and NON participating |
In: Finance
Saul Goodman, Jesse Pinkman, and Walter White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for Mr. White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021. What was Pinkman’s total share of net income for 2021?
A) $62,160.
B) $101,310.
C) $135,150.
D) $96,000.
E) $111,000.
In: Accounting
Saul Goodman, Jesse Pinkman, and Walter White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following:
(1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year;
(2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages:
(a) 20% for Goodman;
(b) 40% for Pinkman; and
(c) 40% for White.
Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021. What was White’s total share of net income for 2021?
A) $99,060.
B) $126,900.
C) $62,160.
D) $93,060.
E) $96,000.
In: Accounting
Saul Goodman, Jesse Pinkman, and Walter White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021.What was the total capital balance for the partnership at December 31, 2021?
A) $936,000.
B) $805,000.
C) $924,000.
D) $882,000.
E) $860,000.
In: Accounting
Frank operates a construction business in Dallas, Texas. On May 1, 2020, Frank purchased a warehouse for his business. The warehouse cost $1,500,000 ($500,000 for land and $1,000,000 for improvements). In November 2020, Frank purchased the following business property: equipment for $100,000, light-duty truck for $50,000, and office furniture for $50,000. Please calculate Frank’s 2020 depreciation deductions. You can ignore bonus depreciation and Section 179. Be sure to explain your calculations fully.
What income would Frank report if he decided to sell the warehouse and equipment on January 1, 2022 so he could upgrade the business? Assume he could sell the warehouse for $1,500,000 and the equipment for $190,000 ($95,000 for equipment, $47,500 for truck, and $47,500 for office furniture). Be sure to fully explain your answer.
In: Accounting
Sunland Company from time to time embarks on a research program when a special project seems to offer possibilities. In 2019, the company expends $329,000 on a research project, but by the end of 2019 it is impossible to determine whether any benefit will be derived from it.
Part 1
The project is completed in 2020, and a successful patent is obtained. The R&D costs to complete the project are $119,000. The administrative and legal expenses incurred in obtaining patent number 472-1001-84 in 2020 total $18,500. The patent has an expected useful life of 5 years. Record these costs in journal entry form. Also, record patent amortization (full year) in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
In: Accounting
On October 15, 2016, Koala, Inc. issued a 10 year bond (with a typical $1000 face value) that had an annual coupon value of $60. [We are assuming that the 2020 coupon has just been redeemed.]
• Initially, the bond was sold for the premium price of $1,025.
• On October 15, 2020, this bond was selling for only $975.
• The market rate of interest for a riskless corporate bond, of this maturity, was 4.5% on October 15, 2016, which reflects market expectations about future rates of inflation.
• The market rate of interest for a riskless corporate bond, of this maturity, was 4.0% on October 15, 2020, which reflects market expectations about future rates of inflation.
Question: What was the nominal yield on this bond on October 15, 2016? [To 1 decimal place.]
In: Economics
On October 15, 2016, Koala, Inc. issued a 10 year bond (with a typical $1000 face value) that had an annual coupon value of $60. [We are assuming that the 2020 coupon has just been redeemed.]
• Initially, the bond was sold for the premium price of $1,025.
• On October 15, 2020, this bond was selling for only $975.
• The market rate of interest for a riskless corporate bond, of this maturity, was 4.5% on October 15, 2016, which reflects market expectations about future rates of inflation.
• The market rate of interest for a riskless corporate bond, of this maturity, was 4.0% on October 15, 2020, which reflects market expectations about future rates of inflation.
Question- What was the risk premium for this bond on October 15, 2016? [To 3 decimal places.]
In: Economics
Rayya Co. purchases and installs a machine on January 1, 2016, at a total cost of $142,800. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value. The machine is disposed of on July 1, 2020, during its fifth year of service.
Prepare entries to record the partial year’s depreciation on July 1, 2020.
Record the depreciation expense as of July 1, 2020.
Prepare entries to record the disposal under the following separate assumptions:
1. The machine is sold for $71,400 cash.|
Record the sale of machinery for $71,400 cash.
2. An insurance settlement of $59,976 is received due to the machine’s total destruction in a fire.
Record the insurance settlement received of $59,976 resulting from the total destruction of the machine in a fire.
In: Accounting