Instructions

(a)   Journalize the transactions.

(b)   Indicate the statement presentation of interest revenue and service charges.

Exercise 3

Para Float Company often requires customers to sign promissory notes for major credit purchases. Journalize the following transactions for Para Float Company.

Feb. 12    Accepted a $30,000, 4%, 60-day note from Yancy Blair for a 24-foot motorboat built to his specifications.

April 14    Received notification from Yancy Blair that he was unable to honor his promissory note but that he expects to pay the amount owed in May.

May 26    Received a check from Yancy Blair for the total amount owed.

June 10    Received notification by the bank that Yancy Blair check was being returned "NSF" and that Mr. Blair had declared personal bankruptcy.

In 2020 Ryce contributes nondepreciable property with an adjusted basis of $143,400 and a fair market value of $215,100 to the Montgomery Partnership in exchange for a one-half interest in profits and capital. In the next tax year, when the property's fair market value is $229,440, the partnership distributes the property to Jarvis, the other one-half partner. Jarvis's basis in the partnership interest was $229,440 immediately before the distribution. Which partner must recognize the built-in gain, what is the amount recognized, and what is the effect on that partner's basis in the partnership interest? What is the effect on Jarvis's basis in the nondepreciable property received?

Ryce must recognize gain of $71,700 in the year the property is distributed to Jarvis. He increases  his basis in his partnership interest by the gain recognized. Jarvis' basis in the property is $__________.

Wk 5 HCS/451

ABC Hospital is a small, privately-owned community hospital. It has been struggling to survive financially, as reimbursement rates have declined and consumers are being drawn to the larger state-of-the-art hospital facilities in urban areas that are perceived to have better quality. ABC Hospital was built in 1960 and has been operating in the same manner for many decades. The hospital meets legal and regulatory requirements but has not kept pace with some of the newer technologies and patient conveniences becoming more prevalent in the health care industry.

Write a 175- to 265-word response to the following:

• What strategies can the organization take to survive, improve its performance, and compete with other hospitals over the next 5 years?
• What are some advantages or disadvantages of these strategies?

Choose a company or organization and investigate a particular information system used by the Company – the system could be an ERP, a transaction processing system, a CRM system, a SCM system, etc

§ First select an organization and describe it, including business name, sector, and company size as a minimum.

§ Next, describe and explain the information to be investigated, system such as ERP, TPS, CRM, SCM, or similar, as discussed in class (custom-built proprietary systems are not allowed).

§ Then, highlight the problem faced by the company before implementing the system specified above and how the system helped resolve the problem.

§ Analyze (take apart and examine in depth) the implementation phase of the specified system, including implementation duration, implementation process or difficulties encountered, possible staff issues faced (e.g. training, redundancy, ethical), post-implementation performance etc.

You are thinking of making an investment in a new factory. The factory will generate revenues of $ 1 ,510, 000 per year for as long as you maintain it. You expect that the maintenance costs will start at $ 77 ,010 per year and will increase 4 % per year thereafter. Assume that all revenue and maintenance costs occur at the end of the year. You intend to run the factory as long as it continues to make a positive cash flow​ (as long as the cash generated by the plant exceeds the maintenance​ costs). The factory can be built and become operational immediately and the interest rate is 5 % per year. a. What is the present value of the​ revenues? b. What is the present value of the maintenance​ costs? c. If the plant costs $ 15 ,100 , 000 to​ build, should you invest in the​ factory?

Using the Spending Approach, determine whether each of the following is Consumption, Investment, Government Purchases, Net Exports, or not included in GDP, and briefly explain why.

(a) A yoga studio purchases new yoga mats and straps.

(b) An individual purchases a new yoga mat and straps for their home practice.

(c) Someone receives a stimulus check from the government in the mail during COVID-19.

(d) A public high school purchases new textbooks for its students.

(e) A campus bookstore increases its inventory of textbooks.

(f) Your parents purchase their dream home, newly built by a local contractor.

(g)Your parents buy a vacation home from a friend who had owned that home for years.

(h)You order falafel from a Turkish food stand, here in the US.

A company that produces racing motorbikes has several models that sell well within the motorcycle racing community and which are very profitable for the company. These motorbikes are sold to retail customers and also business customers who were provided with 60-day credit terms. Despite having a profitable product, why must this company take care to ensure that it has sufficient cash on hand to meet its obligations?

(a) The company will have built up debts which must be repaid in order to bring the current models to market.

(b) Profits from the sales of popular models will be lost when returned to the shareholders in the form of dividends.

(c) Profits are not necessary reflected in the current cash balance of its bank account.

(d) Equity must be raised to finance the development of new models to replace the existing models.

Java Programming Create a class named Problem1, and create a main method, the program does the following:

- Prompt the user to enter a String named str. - Prompt the user to enter a character named ch.

- The program finds the index of the first occurrence of the character ch in str and print it in the format shown below.

- If the character ch is found in more than one index in the String str, the program prints the first index only.

- You may not use any built-in String methods to complete the task. You can only use the chartAt()and length() methods from the String class.

- Copy the output to a text file named Problem1.txt example output:

https://media.cheggcdn.com/media/c1a/c1a52903-6edb-4c01-a19d-dbb94d7a6308/phpvOMJmm.png

George and James are forming GJ Partnership. George contributes $600,000 cash and James contributes non-depreciable property with an adjusted basis of $400,000 and a fair market value of $750,000. The property is subject to a $150,000 liability, which is also transferred into the partnership and is shared equally by the partners for basis purposes. George and James share in all partnership profits equally except for any pre-contribution gain, which must be allocated according to the statutory rules for built-in gain allocations.