Questions
Precision Construction entered into the following transactions during a recent year. January 2 Purchased a bulldozer...

Precision Construction entered into the following transactions during a recent year.

January 2 Purchased a bulldozer for $266,000 by paying $28,000 cash and signing a $238,000 note due in five years.
January 3 Replaced the steel tracks on the bulldozer at a cost of $28,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency.
January 30 Wrote a check for the amount owed on account for the work completed on January 3.
February 1 Repaired the leather seat on the bulldozer and wrote a check for the full $1,600 cost.
March 1 Paid $8,400 cash for the rights to use computer software for a two-year period.

Required:

  1. 1-a. Complete the table below, for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)

  2. 1-b. Prepare the journal entries for each of the above transactions.

  3. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $48,000 residual value.

  4. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2.

In: Accounting

Compare and contrast the approaches of Smith, Ricardo, Marx, Veblen, and Schumpeter to an understanding of...

Compare and contrast the approaches of Smith, Ricardo, Marx, Veblen, and Schumpeter to an understanding of “the machine” or capital and its development? How does their approach to the machine support their view of economic society, specifically class structure?

In: Economics

How can you determine which compound is a stronger acid/base if neither compound is a strong...

How can you determine which compound is a stronger acid/base if neither compound is a strong acid or a strong base? Chapter 16, question 45 c. in chemistry a molecular approach textbook

In: Chemistry

Discuss the real–world applications where probabilities are used. (Ex. Stock market trading; Medical treatment plans; etc.)

Discuss the real–world applications where probabilities are used. (Ex. Stock market trading; Medical treatment plans; etc.)

In: Math

Using Python 3 Write a program that reads the 4letterwords.txt file and outputs a file called...

Using Python 3

Write a program that reads the 4letterwords.txt file and outputs a file called 4letterwords.out that has every word found in 4letterwords.txt but each word on one line. Any leading and trailing blank spaces must be removed in the output file.

In: Computer Science

What is Classless Inter-Domain Routing (CIDR) in IP address design? What is Variable-Length Subnet Masking (VLSM)...

  1. What is Classless Inter-Domain Routing (CIDR) in IP address design?

  1. What is Variable-Length Subnet Masking (VLSM) in IP address design?

  1. You are given IP address block: 192.168.10.0/26. Identify Network and Host addresses.

  1. What is the difference between IP addresses 172.16.10.22 / 255.255.255.224, and 172.16.10.22/224?

  1. You are given an IP address 172.16.10.22 / 255.255.255.224.
    1. What is the network portion of 172.16.10.22 / 255.255.255.224 ?

  

  1. How many valid Host IP addresses are available?
  2. What’s the valid host IP address range of 172.16.10.22 / 255.255.255.224 ?
    1. What is the valid start or the first address of the subnet
    2. What is the valid last IP address of the subnet
    3. What is broadcast address for all Hosts?

In: Computer Science

Out of the choices provided, which is the best recrystallizing solvent for resorcinol and why? a....

Out of the choices provided, which is the best recrystallizing solvent for resorcinol and why?

a. Water

b. Petroleum ether

c. Ethanol

In: Chemistry

During the mismatch repair of DNA, the repair enzyme will remove several nucleotides on both DNA...

During the mismatch repair of DNA, the repair enzyme

  1. will remove several nucleotides on both DNA strands.

  2. will remove several nucleotides on one DNA strand.

  3. will remove only the mismatched nucleotide.

  4. will remove the mismatched nucleotide, and the same enzyme will replace it with the correct nucleotide.

  5. is unable to detect mutations.

In: Biology

Problem 16-4 Change in tax rate; record taxes for four years [LO16-1, 16-5] Zekany Corporation would...

Problem 16-4 Change in tax rate; record taxes for four years [LO16-1, 16-5]

Zekany Corporation would have had identical income before taxes on both its income tax returns and income statements for the years 2018 through 2021 except for differences in depreciation on an operational asset. The asset cost $130,000 and is depreciated for income tax purposes in the following amounts:

2018 $ 42,900
2019 57,200
2020 19,500
2021 10,400

  
The operational asset has a four-year life and no residual value. The straight-line method is used for financial reporting purposes.
  
Income amounts before depreciation expense and income taxes for each of the four years were as follows.
   

2018 2019 2020 2021
Accounting income before taxes and depreciation $ 75,000 $ 95,000 $ 85,000 $ 85,000

  
Assume the average and marginal income tax rate for 2018 and 2019 was 30%; however, during 2019 tax legislation was passed to raise the tax rate to 40% beginning in 2020. The 40% rate remained in effect through the years 2020 and 2021. Both the accounting and income tax periods end December 31.
   
Required:
Prepare the journal entries to record income taxes for the years 2018 through 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

In: Accounting

Write a procedure of bubble sort to sort the array of byte. This procedure receives two...

Write a procedure of bubble sort to sort the array of byte. This procedure receives
two arguments, firstly it receives the offset of array in SI register, secondly BX
contains number of elements. Write a program that user Enter a single digit
number, these numbers have one space between them, call bubble sort procedure
for sorting the numbers

8086 assembly code

In: Computer Science

what are the example of 5 popular e-wallet in malaysia with each of the 5 e-wallet...

what are the example of 5 popular e-wallet in malaysia with each of the 5 e-wallet pros and cons.

In: Operations Management

Target Costing Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $525 and...

Target Costing

Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $525 and has a total product cost of $420, as follows:

Direct materials $300
Direct labor 80
Factory overhead 40
Total $420

It is estimated that the competitive selling price for color laser printers of this type will drop to $500 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost reduction ideas:

  1. Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit.
  2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $11 per unit.
  3. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 42% of the factory overhead are related to running injection molding machines.

The direct labor rate is $34 per hour.

a. Determine the target cost for Model J20 assuming that the historical markup on product cost and selling price is maintained. Round your final answer to two decimal places.
$

b. Determine the required cost reduction. Enter as a positive number. Round your final answer to two decimal places.
$

c. Evaluate the three engineering improvements together to determine if the required cost reduction (drift) can be achieved. Enter all amounts as positive numbers. Do not round interim calculations but round your final answers to two decimal places.

1. Direct labor reduction $
2. Additional inspection $
3. Injection molding productivity improvement $
Total savings $

In: Accounting

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus,...

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.

Choices for each

-(a) Consumer Surplus

-(b) Producer Surplus

-(c) Neither

(1) Even though I was willing to pay up to $43 for a used laptop and even though the seller was willing to go as low as $32 in order to sell it, we couldn't reach a deal because the government imposed a price floor of $49 on the sale of laptops.

(2) I sold a jersey sweater for $34, even though I was willing to go as low as $25 in order to sell it.

(3) Even though I was willing to pay up to $49 for a used textbook, I bought a used textbook for only $43.

In: Economics

(unicellular vs metazoan), use no more than a few short sentences to speculate why one organism...

(unicellular vs metazoan), use no more than a few short sentences to speculate why one organism might encode the protein (or a similar family member to that identified in question 1) and another may not.

Your reasoning should include reference to the type of protein and how it works in general terms.

In: Biology

3. Identify the topological similarities and differences among the trees. I.e., what relationships are shared across...

3. Identify the topological similarities and differences among the trees. I.e., what relationships are shared across the different phylogenies, and what relationships are different

4. Why do you think all methods did not result in the same tree topology (your answer can be general and does not need to include technical details).

5. Compare your phylogenies to the published phylogeny in Perelman et al. (2011), focusing just on the “Hominidae” clade. Do any of your topologies match their topology? If not, why do you think that might be? Hint: compare the number of species in your phylogeny compared to theirs & compare the number of genes analyzed in their study compared to yours.

In: Biology