Glaser Company carries the following investments on its books at December 31, 2020 and December 31, 2021. Available for-Sale securities are considered to be non-current. All securities were purchased and properly recorded during February 2020. You need to combine all trading and AFS securities into trading portfolio and AFS portfolio, respectively, while making the fair value adjustment entries.
|
Market Value |
Market Value |
|||
|
Cost |
12/31/2020 |
12/31/2021 |
||
|
Stock in A |
Trading(TS) |
$300 |
$ 250 |
$230 |
|
Stock in B |
Trading (TS) |
250 |
190 |
---- |
|
Stock in C |
Available-for-sale (AFS) |
400 |
430 |
445 |
|
Stock in D |
Available-for-sale (AFS) |
375 |
330 |
335 |
Required:
|
December 31 |
||
|
2020 |
2021 |
|
|
Income Statement: |
||
|
Realized gains and losses on investments |
||
|
Unrealized gains and losses on investments |
||
|
Balance Sheet: |
||
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Current assets: |
||
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Investments at fair value-trading |
||
|
Non-Current assets: |
||
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Investments at fair value-AFS |
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Stockholders' Equity |
||
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Retained earnings |
||
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Accumulated other comprehensive income |
||
In: Accounting
A 0.60 kg mass sliding on a horizontal frictionless surface is attached to one end of a horizontal spring (with k = 650 N/m) whose other end is fixed. The mass has a kinetic energy of 11.0 J as it passes through its equilibrium position (the point at which the spring force is zero).
A. At what rate is the spring doing work on the mass as the mass passes through its equilibrium position?
B. At what rate is the spring doing work on the mass when the spring is compressed 0.092 m and the mass is moving away from the equilibrium position?
In: Physics
Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown in the company’s sales budget for the second quarter given below:
|
April |
May |
June |
Total |
|
|
Budgeted sales (all on account) |
$500,000 |
$700,000 |
$240,000 |
$1,440,000 |
From past experience, the company has learned that 20% of a month’s sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 20% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $430,000, and March sales totaled $460,000.
Required:
1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.
2. What is the accounts receivable balance on June 30th?
Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.
|
|||||||||||||||||||||||||||||||||||||||||
What is the accounts receivable balance on June 30th?
|
|||
In: Accounting
An object rotates according to the following expression: θ(t) = 2.3t3 – 2t2 + 0.5t with θ in radians and time in seconds.
Find the average angular speed from t = 0 to t = 2 seconds.
Find the instantaneous angular speed of the object at t = 2 seconds.
Find the average angular acceleration from t = 0 to t = 2 seconds.
Find the instantaneous angular acceleration of the object at t = 2 seconds.
In: Physics
The wage for workers in a competitive market is initially $10 and rent, the cost of capital (also rented in a competitive market), is initially $5. Now suppose that wages decrease to $8 and rent decreases to $2.
a) Describe how the scale effect changes a firm's use of labor and capital.
b) Describe how the substitution effect changes a firm's use of labor and capital.
c) Overall will a firm hire more or fewer workers? Will a firm rent more or less capital?
d) Will a firm change its production technology given the changes in w and r?
In: Economics
In: Chemistry
*Please answers as quickly as Possible
The team presentation on Cyber Bullying In The Workplace should apply concepts from Organizational Behaviour, complete relevant analysis and offer recommendations based on persuasive arguments (if applicable). Students should search academic literature to provide support for their analysis.
|
Why the topic was chosen and why it is relevant An overview of the relevant theories and research A description of the practical implications Suggestions or recommendations for the future |
In: Psychology
Moral Agency is the self-awareness, freedom, and ability to make choices based on everyone’s differing opinions and perceptions of right and wrong.
Question 2 options:
| True | |
| False |
Question 3 (1 point)
Consumerism is:
Question 3 options:
|
A lifestyle characterized by the acquisition of goods and services. |
|
|
A lifestyle characterized by the avoidance of goods and services |
|
|
A lifestyle characterized by an emphasis on the greater good. |
|
|
A lifestyle characterized by an emphasis on social behavior. |
Question 4 (1 point)
_______________ relies on the theory that global wealth is static and, therefore, prosperity depends on accumulating it from others.
Question 4 options:
|
Capitalism |
|
|
Mercantilism |
|
|
Consumerism |
|
|
Acculturation |
Question 5 (1 point)
Businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior?
Question 5 options:
|
Humanistic Business Model |
|
|
Moral Agency |
|
|
Business Ethics |
|
|
Code of Conduct |
Question 6 (1 point)
The cultural transmission and socialization process that stems from cultural exchange is called
Question 6 options:
|
Consumerism |
|
|
Acculturation |
|
|
Globalization |
|
|
Culture |
Question 7 (1 point)
As a function of culture, ethics is not static but changes with each new era.
Question 7 options:
| True | |
| False |
Question 8 (1 point)
Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions?
Question 8 options:
|
Humanistic Business Model |
|
|
Moral Agency |
|
|
Business Ethics |
|
|
Bias |
Question 9 (1 point)
Unfortunately, the emphasis on consumerism leads to the problem of:
Question 9 options:
|
Diminishing marginal utility |
|
|
Diminishing supply chains |
|
|
Diminishing demand |
|
|
Increasing marginal utility |
Question 10 (1 point)
Ethical principles that apply everywhere despite differences in time, geography, and culture are referred to as
Question 10 options:
|
Bias |
|
|
Codes of Conduct |
|
|
Universal Values |
|
|
Personal Ethics |
In: Economics
My device is a BOILER
Choose the working fluid (substance) for your model device
Choose the inlet substance conditions such as temperature, pressure, velocity, mass flow rate or volume flow rate, quality, etc
Choose the outlet substance conditions based on the available information, or design the outlet conditions based on your research.
DRAW the system you are analyzing, including the SYSTEM BOUNDARY,
Show ALL INTERACTIONS between the system and surroundings on your drawing
Write the Conservation of mass equation as it applies TO YOUR SYSTEM
Write the Conservation of Energy equation as it applies TO YOUR SYSTEM
List all the assumptions and idealizations for the process
Calculate the thermo efficiency of the device. Be sure clearly shows equations, calculation process, intermediate answers/results,and final results. Units are critically important in all calculations.
In: Mechanical Engineering
Measures of liquidity, Solvency, and Profitability
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 68 on December 31, 20Y2.
| Marshall Inc. | ||||||
| Comparative Retained Earnings Statement | ||||||
| For the Years Ended December 31, 20Y2 and 20Y1 | ||||||
| 20Y2 | 20Y1 | |||||
| Retained earnings, January 1 | $ 1,645,800 | $ 1,388,300 | ||||
| Net income | 395,200 | 284,300 | ||||
| Total | $2,041,000 | $ 1,672,600 | ||||
| Dividends: | ||||||
| On preferred stock | $ 6,300 | $ 6,300 | ||||
| On common stock | 20,500 | 20,500 | ||||
| Total dividends | $ 26,800 | $ 26,800 | ||||
| Retained earnings, December 31 | $ 2,014,200 | $ 1,645,800 | ||||
| Marshall Inc. | ||||
| Comparative Income Statement | ||||
| For the Years Ended December 31, 20Y2 and 20Y1 | ||||
| 20Y2 | 20Y1 | |||
| Sales | $ 2,227,230 | $ 2,052,060 | ||
| Cost of goods sold | 825,630 | 759,580 | ||
| Gross profit | $ 1,401,600 | $ 1,292,480 | ||
| Selling expenses | $ 448,500 | $ 573,240 | ||
| Administrative expenses | 382,060 | 336,660 | ||
| Total operating expenses | $830,560 | $909,900 | ||
| Income from operations | $ 571,040 | $ 382,580 | ||
| Other revenue | 30,060 | 24,420 | ||
| $ 601,100 | $ 407,000 | |||
| Other expense (interest) | 152,000 | 84,000 | ||
| Income before income tax | $ 449,100 | $ 323,000 | ||
| Income tax expense | 53,900 | 38,700 | ||
| Net income | $ 395,200 | $ 284,300 | ||
| Marshall Inc. | |||||||
| Comparative Balance Sheet | |||||||
| December 31, 20Y2 and 20Y1 | |||||||
| 20Y2 | 20Y1 | ||||||
| Assets | |||||||
| Current assets | |||||||
| Cash | $ 441,740 | $ 441,190 | |||||
| Marketable securities | 668,580 | 731,110 | |||||
| Accounts receivable (net) | 423,400 | 401,500 | |||||
| Inventories | 321,200 | 248,200 | |||||
| Prepaid expenses | 83,576 | 88,240 | |||||
| Total current assets | $ 1,938,496 | $ 1,910,240 | |||||
| Long-term investments | 1,071,484 | 696,871 | |||||
| Property, plant, and equipment (net) | 2,280,000 | 2,052,000 | |||||
| Total assets | $ 5,289,980 | $ 4,659,111 | |||||
| Liabilities | |||||||
| Current liabilities | $ 605,780 | $ 1,193,311 | |||||
| Long-term liabilities: | |||||||
| Mortgage note payable, 8% | $ 850,000 | $ 0 | |||||
| Bonds payable, 8% | 1,050,000 | 1,050,000 | |||||
| Total long-term liabilities | $ 1,900,000 | $ 1,050,000 | |||||
| Total liabilities | $ 2,505,780 | $ 2,243,311 | |||||
| Stockholders' Equity | |||||||
| Preferred $0.70 stock, $40 par | $ 360,000 | $ 360,000 | |||||
| Common stock, $10 par | 410,000 | 410,000 | |||||
| Retained earnings | 2,014,200 | 1,645,800 | |||||
| Total stockholders' equity | $ 2,784,200 | $ 2,415,800 | |||||
| Total liabilities and stockholders' equity | $ 5,289,980 | $ 4,659,111 | |||||
Required:
Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.
| 1. Working capital | $ | |
| 2. Current ratio | ||
| 3. Quick ratio | ||
| 4. Accounts receivable turnover | ||
| 5. Number of days' sales in receivables | days | |
| 6. Inventory turnover | ||
| 7. Number of days' sales in inventory | days | |
| 8. Ratio of fixed assets to long-term liabilities | ||
| 9. Ratio of liabilities to stockholders' equity | ||
| 10. Times interest earned | ||
| 11. Asset turnover | ||
| 12. Return on total assets | % | |
| 13. Return on stockholders’ equity | % | |
| 14. Return on common stockholders’ equity | % | |
| 15. Earnings per share on common stock | $ | |
| 16. Price-earnings ratio | ||
| 17. Dividends per share of common stock | $ | |
| 18. Dividend yield |
In: Accounting
Two types of statistical data can be used to illustrate changes in encounters with death in American society: death rates and average life expectancy. How have these sets of data changed over the last hundred years in the U.S.? How have these changes affected your encounters with death, dying, and bereavement?
In: Psychology
5.If the price elasticity of demand is 2.5, then a 40 percent decrease in the price of the good will lead to a _______ percent increase in the quantity demanded
A. 100.00 B. 22.5 C. 66.7 D. 150.00
6.Government intervention to reduce the level of pollution is prompted by the existence of
A. An inequitable distribution of income B. A monopoly C. Government failure D. Externalities
7.GDP is an incomplete measure of social welfare because
A. GDP includes the services of prison guards, so an increase in GDP could mean an increase in crime B. GDP does not include the value of volunteer activities, which may improve social welfare C. All of the above D. An increase in output may increase pollution and traffic congestion
8.In a competitive labor market, at wages above equilibrium, the
A. Labor-supply curve will shift to the left B. Quantity supplied of labor is greater than the quantity demanded C. Quantity demanded of labor is greater than the quantity supplied D. MRP of labor curve shifts to the right
9.A stock person who is laid off by a department store because retail sales across the country have decreased is _______ unemployed
A. Structurally B. Chronically C. Frictionally D. Cyclically
In: Economics
define carl rogers personality structures of the self and self-image, describe what is meant by a fully funcioning person and contrast thiswith a person who is incongruent, including the two ways that incongruence can occur; and explain how children develop conditions of worth, how these internalized condition of worth contribute to incongruence, and why unconditional positive regard is so important
In: Psychology
In: Economics
Part I.
If a central bank is selling its own currency in the foreign exchange market
a. It must have a fixed exchange rate
b. It has a BOP surplus
c. It has a BOP deficit
d. It has a CA deficit
e. It has a CA surplus
Part II.
If a central bank sells foreign currency (buys its own currency) in the foreign exchange market and simultaneously sells government bonds in the domestic market (an open market operation) then:
a. The money supply will expand and the currency will fall in value.
b. The foreign exchange intervention has been effectively sterilized.
c. The money supply will contract and the currency will rise in value.
d. The money supply will expand and the currency will rise in value.
e. The money supply will contract and the currency will fall in value.
Part III.
If a central bank simultaneously sells its own currency in the foreign exchange market AND purchases bonds in domestic open market operations then
a. The currency will depreciate as both of these actions cause the money supply to increase
b. The currency will appreciate as both of these actions cause the money supply to increase
c. The currency will appreciate as both of these actions cause the money supply to decrease
d. The second action sterilizes the first action
In: Economics