Questions
Glaser Company carries the following investments on its books at December 31, 2020 and December 31,...

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:

  • Prepare the necessary fair value adjusting journal entries for Glaser on December 31, 2020.
  • Assume Glaser sold its investment in “B” for $125 on December 15, 2021; prepare journal entries for sales of investment on December 15 and fair value adjusting journal entries on December 31, 2021.
  • Ignoring income taxes and assuming both the retained earnings and accumulated other comprehensive income have a balance of 0 on December 31, 2019, complete the following schedule:

December 31

2020

2021

Income Statement:

   Realized gains and losses on investments

   Unrealized gains and losses on investments

Balance Sheet:

    Current assets:

     Investments at fair value-trading

Non-Current assets:

     Investments at fair value-AFS

Stockholders' Equity

     Retained earnings

    Accumulated other comprehensive income

In: Accounting

A 0.60 kg mass sliding on a horizontal frictionless surface is attached to one end of...

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...

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?

  • Required 1

Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.

Schedule of Expected Cash Collections

April

May

June

Total

February sales

March sales

April sales

May sales

June sales

Total cash collections

  • Required 2

What is the accounts receivable balance on June 30th?

Total accounts receivable at June 30

In: Accounting

An object rotates according to the following expression: θ(t) = 2.3t3 – 2t2 + 0.5t with...

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...

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

What happens to the kidney's membrane filters during proteinuria that allows large moleculars to be found...

What happens to the kidney's membrane filters during proteinuria that allows large moleculars to be found in the urine.

In: Chemistry

*Please answers as quickly as Possible The team presentation on Cyber Bullying In The Workplace should...

*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...

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...

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....

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...

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...

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...

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

Identify the political and legal environment for the country Japan please use academic sources or scholary...

Identify the political and legal environment for the country Japan

please use academic sources or scholary business articles please and post links of these sources.

In: Economics

Part I. If a central bank is selling its own currency in the foreign exchange market...

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