Choose a well-known reputable public relations company:-
1- Write a short background information about it
2- write about its basic structure
3- who are their popular clients
4- write examples of the successful stories
5- give a personal feedback about the company
In: Operations Management
The following transactions apply to Jova Company for Year 1, the first year of operation: Issued $16,000 of common stock for cash. Recognized $64,000 of service revenue earned on account. Collected $57,200 from accounts receivable. Paid operating expenses of $36,200. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 2 percent of sales on account. The following transactions apply to Jova for Year 2: Recognized $71,500 of service revenue on account. Collected $65,200 from accounts receivable. Determined that $880 of the accounts receivable were uncollectible and wrote them off. Collected $100 of an account that had previously been written off. Paid $48,300 cash for operating expenses. Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 1.0 percent of sales on account. Required Complete the following requirements for Year 1 and Year 2. Complete all requirements for Year 1 prior to beginning the requirements for Year 2. d-1. Prepare the income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for Year 1.
In: Accounting
As a long-term investment, Painters' Equipment Company purchased
20% of AMC Supplies Inc.'s 470,000 shares for $550,000 at the
beginning of the fiscal year of both companies. On the purchase
date, the fair value and book value of AMC’s net assets were equal.
During the year, AMC earned net income of $320,000 and distributed
cash dividends of 20 cents per share. At year-end, the fair value
of the shares is $582,000.
1. Assume no significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year.
Record any necessary year-end adjusting journal entry when the fair value of the shares held are $582,000 at year-end.
Help me with the name for the credit part. The correct answer is
Dr. Fair value adjustment 320,000
Cr, ? ( unrealized holding gain or loss - OCI is incorrect) 320,000
2. Assume significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year.
Help me with the name for the credit part. The correct answer is
Dr. Cash 18,800
Cr, ? ( Dividend revenue and interest revenue is incorrect) 18,800
In: Accounting
a.)On December 31, 2019, the Notes Receivable account at P. Davis Materials Corporation had a balance of $12,000, which represented a six-month, 12 percent note received from a customer on October 1.
b. ) During the week ended June 7, 2019, McCormick Media received $32,000 from customers for subscriptions to its magazine Modern Business. On December 31, 2019, an analysis of the Unearned Subscription Revenue account showed that half of the subscriptions were earned in 2019.
C.) On November 1, 2019, Perez Realty Company rented a commercial building to a new tenant and received $43,200 in advance to cover the rent for six months. Upon receipt, the $43,200 was recorded in the Unearned Rent account.
D.) On November 1, 2019, the Mighty Bucks Hockey Club sold season tickets for 40 home games, receiving $3,200,000. Upon receipt, the $3,200,000 was recorded in the Unearned Season Tickets Income account. At December 31, 2019, the Mighty Bucks Hockey Club had played 5 home games.
For each of the above independent situations, indicate the adjusting entry that must be made on the December 31, 2019, worksheet assuming no previous adjusting entries have been made during the year
In: Accounting
On a rainy afternoon two years ago, John Smiley left work early to attend a family birthday party. Eleven minutes later, a careening truck slammed into his SUV on the freeway causing John to spend two months in a coma. Now he can’t hold a job or make everyday decisions and is in need of constant care. Last week, the 40-year-old Smiley won an out-of-court settlement from the truck driver’s company. He was awarded payment for all medical costs and attorney fees, plus a lump-sum settlement of $2,330,716. At the time of the accident, John was president of his family’s business and earned approximately $200,000 per year. He had anticipated working 25 more years before retirement.8 John’s sister, Sara, an acquaintance of yours from college, has asked you to explain to her how the attorneys came up with the settlement amount. “They said it was based on his lost future income and a 7% rate of some kind,” she explained. “But it was all ‘legal-speak’ to me.”
Required:
Construct the text of an e-mail to Sara describing how the amount of the lump-sum settlement was determined. Include a calculation that might help Sara and John understand.
In: Accounting
The following transactions apply to Jova Company for Year 1, the first year of operation:
Issued $15,500 of common stock for cash.
Recognized $64,500 of service revenue earned on account.
Collected $57,600 from accounts receivable.
Paid operating expenses of $36,000.
Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 2 percent of sales on account.
The following transactions apply to Jova for Year 2:
Recognized $72,000 of service revenue on account.
Collected $65,600 from accounts receivable.
Determined that $890 of the accounts receivable were uncollectible and wrote them off.
Collected $300 of an account that had previously been written off.
Paid $48,400 cash for operating expenses.
Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 1 percent of sales on account.
Required Complete the following requirements for Year 1 and Year 2. Complete all requirements for Year 1 prior to beginning the requirements for Year 2. d-1.
Prepare the income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for Year 1.
In: Accounting
A Ford Motor Co. coupon bond has a coupon rate of 6.5%, and pays annual coupons. The next coupon is due tomorrow and the bond matures 22 years from tomorrow. The yield on the bond issue us 6.3%. At what price should this bond trade today, assuming a face value of $1,000?
In: Finance
Please provide R code along with explanations for the following exercise:
Mortality rates per 100,000 from male suicides for a number of age groups and a number of countries are given in the data suicides2 (R package “HSAUR2”). Use appropriate graphical methods to comment on what the graphic tells us about the data.
In: Statistics and Probability
Cyber Monday, the Monday after Black Friday in the US, is reportedly
the biggest online shopping day of the year.
Do you think that an online contract should have special rules to differentiate it from a normal retail contract? What problems do you see with online contracts that would require these rules?
In: Accounting
Hydrogen also produces spectral lines at radio wavelengths, notably at 21.1 cm. If a galaxy is moving away from us at 21% of the speed of light, at what wavelength will we detect this line? Convert this into frequency.
We will detect this line at wavelength λ = ______ cm.
The frequency is v = _____ × 10^9 Hz or ______ GHz.
In: Physics