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-a. Complete the table below, for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)
1-b. Prepare the journal entries for each of the above transactions.
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.
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 “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 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.)
In: Math
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
In: Computer Science
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 strands.
will remove several nucleotides on one DNA strand.
will remove only the mismatched nucleotide.
will remove the mismatched nucleotide, and the same enzyme will replace it with the correct nucleotide.
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 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 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
In: Operations Management
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:
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, 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 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 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