What happened to Lichter, Yu and Associates, Inc. in 2018 from SEC report?
In: Accounting
Impact of the 2018 Tax Changes...and the resulting increases vs decreases to the corporation's value
In: Accounting
On January 1, 2018, Algerian Delivery had 100,000 shares of
common stock outstanding. The following transactions occurred
during 2018:
| March | 1: | Reacquired 3,500 shares, accounted for as treasury stock. | ||
| September | 30: | Sold all the treasury shares. | ||
| December | 1: | Sold 12,500 new shares for cash. | ||
| December | 31: | Reported a net income of $302,750. |
What is Algerian Deliverys earnings per share for the year ending in December 31,2018
In: Accounting
I will be comparing a 2018 Chevy Equinox vs. 2018 Ford Escape. My research question is as followed; "How does gas mileage depend on the weight, size of the vehicle, engine size, and seating capacity of the vehicle?" Submit a Research Proposal for instructor approval that includes your main variables, any control variables, how they are labeled, what your value ranges are, your specific data source, and your tentative research question.
In: Statistics and Probability
Roscoe Co. purchased equipment for $1,000,000 which was estimated to have a useful life of 15 years with a salvage value of $25,000 at the end of that time. Depreciation has been entered for 5 years on a straight-line basis. In 2018, it is determined that the total estimated life should be 10 years with no salvage value at the end of that time. Instructions
(a) Prepare the entry (if any) to correct the prior years’ depreciation.
(b) Prepare the entry to record depreciation for 2018.
In: Accounting
Machinery purchased for $69,600 by Sarasota Co. in 2013 was originally estimated to have a life of 8 years with a salvage value of $4,640 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2018, it is determined that the total estimated life should be 10 years with a salvage value of $5,220 at the end of that time. Assume straight-line depreciation.
Prepare the entry to correct the prior year's depreciation, if necessary.
In: Accounting
Bramble Corp. purchased machinery on January 2, 2012, for $900000. The straight-line method is used and useful life is estimated to be 10 years, with a $76000 salvage value. At the beginning of 2018 Bramble spent $191000 to overhaul the machinery. After the overhaul, Bramble estimated that the useful life would be extended 4 years (14 years total), and the salvage value would be $37000. The depreciation expense for 2018 should be:
| $82400. |
| $57450. |
| $76400. |
| $69950 |
In: Accounting
In: Accounting
“Marriott International announced in November 2018 that attackers had stolen data
on approximately 500 million customers. The breach initially occurred on systems
supporting Starwood hotel brands starting in 2014. The attackers remained in the
system after Marriott acquired Starwood in 2016 and were not discovered
until September 2018.”(sourced from a published report)
Referring to the case given, list and explain 2 steps that can help prevent data breach like this.
In: Accounting
On January 1, 2018, Kunto, a cash basis taxpayer, pays $46,228 for a 24-month certificate. The certificate is priced to yield 4% (the effective interest rate) with interest compounded annually. No interest is paid until maturity', when Kunto receives $50,000. In your computations:
a. Compute Kunto’s gross income from the certificate for 2018.
b. Compute Kunto’s gross income from the certificate for 2019.
Round any amounts to the nearest dollar.
In: Accounting