On January 1, 2018, Bishop Company issued 10% bonds dated January 1, 2018, with a face amount of $19.8 million. The bonds mature in 2027 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Required:
1. Determine the price of the bonds at January 1, 2018.
2. Prepare the journal entry to record the bond issuance by Bishop on January 1, 2018.
3. Prepare the journal entry to record interest on June 30, 2018, using the effective interest method.
4. Prepare the journal entry to record interest on December 31, 2018, using the effective interest method.

Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows:

a. Determine the factory overhead rate for Factory 1.
$ per machine hour

b. Determine the factory overhead rate for Factory 2.
$ per direct labor hour

c. Journalize the entries to apply factory overhead to production in each factory for March.

d. Determine the balances of the factory overhead accounts for each factory as of March 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead.

Gustav Leasing Company agrees to lease equipment to Julliard Corporation on January 1, 2017. The

following information relates to the lease agreement.

1. The term of the lease is 6 years with no renewal option, and the machinery has an estimated

economic life of 8 years.

2. The cost of the machinery is $310,000, and the fair value of the asset on January 1, 2017, is $424,000.

3. At the end of the lease term, the asset reverts to the lessor and has a guaranteed residual value of

$35,000. Julliard estimates that the expected residual value at the end of the lease term will be $35,000.

Julliard amortizes all of its leased equipment on a straight-line basis.

4. The lease agreement requires equal annual rental payments, beginning on January 1, 2017.

5. The collectability of the lease payments is probable.

6. Gustav desires a 6% rate of return on its investments. Julliard’s incremental borrowing rate is 8%, and

the lessor’s implicit rate is unknown.

(Assume the accounting period ends on December 31)

(a) Discuss the nature of this lease for both the lessee and the lessor.

(b) Calculate the amount of the annual rental payment required.

(c) Compute the value of the lease liability to the lessee.

(d) Prepare the journal entries Julliard would make in 2017 and 2018 related to the lease arrangement.

(e) Prepare the journal entries Gustav would make in 2017 and 2018 related to the lease arrangement.

(f) Suppose Julliard expects the residual value at the end of the lease term to be $28,000 but still

guarantees a residual of $35,000. Compute the value of the lease liability at lease commencement.

(g) Suppose the residual value is unguaranteed, how would Gustav’s journal entries change?

Assume that 11% of people are left-handed. If we select 5 people at random, find the probability of each outcome described below, rounded to four decimal places:

a. There are some lefties (≥ 1) among the 5 people.

b. There are exactly 3 lefties in the group.

c. There are at least 4 lefties in the group.

d. There are no more than 2 lefties in the group.

e. How many lefties do you expect?

f. With what standard deviation?

Discuss three of the historical astronomers described in the text and lectures, together with their contributions to astronomy.

Write a program that will guess an integer that the user has picked. Imagine that the user will write down a positive integer x on a piece of paper and your program will repeatedly ask questions in order to guess what x is, and the user replies honestly. Your program will start by asking for an int n, and you must have 1 ≤ x ≤ n. After that, the program will successively guess what x is, and the user must tell the computer if x is equal to the guess (entering ’e’), larger than the guess (entering ’l’), or smaller than the guess (entering ’s’). Your program will guess by maintaining a lower bound (initially 1) and upper bound (initially n) and pick the largest integer equal to or smaller than1 the midpoint of the lower bound and upper bound. If the user responds with ’l’ indicating that x is larger, the guess becomes the new lower bound plus one. If the user responds with ’s’ indicating that x is smaller, the guess becomes the new upper bound minus one. If the user responds with ’e’ indicating that x is the guess, your program will report the number of guesses made and terminate execution:

Example 1)

Enter n: 50

Is your number 25? l

Is your number 38?

l Is your number 44? s

Is your number 41? e

Your number must be 41. I used 4 guesses.

Example 2)

Enter n: 9

Is your number 5? s

Is your number 2?

l Is your number 3? s

Error: that’s not possible.

Example 3)

Enter n: -2

Error: n must be positive.

Example 4)

Enter n: 9

Is your number 5? m

Error: invalid input.

Example 5)

Enter n: a

Error: invalid input.

please share your opinons

As an HR director of 5 starts hotel, what can you do to create employee engagement during this COVID-19 for:

Your work from home (WFH) employee, your unpaid employees and your active working employees.

The energy from condensing water vapor is used to melt ice at 0oC. What mass (kg) of ice can be melted by condensing 0.500 kg of water vapor? (ΔHfus = 6.01 kJ/mol and ΔHvap = 40.7 kJ/mol)

Wildhorse Co. markets CDs of numerous performing artists. At the beginning of March, Wildhorse had in beginning inventory 2,500 CDs with a unit cost of $8. During March, Wildhorse made the following purchases of CDs.

During March 11,600 units were sold. Wildhorse uses a periodic inventory system.

Determine the cost of goods available for sale.

Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.)

eTextbook and Media

List of Accounts

Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 125.)

eTextbook and Media

List of Accounts

Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement?

) The standard enthalpies of formation of SO2 and SO3 are ?297 and ?396 kJ/mol respectively. Calculate the standard enthalpy of reaction for the reaction:   SO2(g)  + 1/2O2(g)??SO3 (g)

TIPS or Treasury Inflation Protection Securities incur what kind of risk(s): default risk, interest rate risk, call risk, purchasing power risk, reinvestment risk, or liquidity risk.

Rebeca Pérez is the Controller of the firm Pérez Martínez & Asociados. She has been evaluating inventory reports over the past few months and thinks that one or more employees have been stealing large amounts of inventory that was for sale. Quickly, Rebeca asked the staff that manages the information systems to look for data that would help her solve this situation, however, they indicated that, mysteriously, much of the inventory information had been lost and they had no explanation for it. Rebeca talked to the company's internal auditors to ask about the missing reports and they were not aware of the situation either.

Based on the above, answer the following questions in paragraph form (5 to 6 sentences each):

1. What should Rebecca do? Should she call the police or should she hire an outside forensic accountant?

2. How can a forensic accountant help you solve this case? Look for outside information to elaborate on your answer.

3. What things can the forensic accountant do that an internal auditor cannot do?

Hello,

can you assist with the below?

1. What is the main benefit of network effects to users? What is the main benefit to a network owner? Describe how the social network LinkedIn provides 3 advantages to users based on network effects.

Answer each of the following questions in separate paragraphs. Be brief and to the point.

1. What are Milankovic cycles? (1 point)

2. List three astrophysical reasons that give rise to periodic climatic variations on Earth. (1.5 points)

3. What evidence do we have for past Milankovic cycle based climate change on Earth?