Exercise 12-25 (Algorithmic)
Fair Value and Equity Methods
Nadal Corporation purchased 8,800 common shares of Beck Inc., on January 1, 2018, for $107,000. During 2018, Beck declared and paid cash dividends to Nadal in the amount of $7,000. Nadal's share of Beck's net income for 2018 was $5,700. At December 31, 2018, the fair value of the 10,000 shares was $122,000. This is Nadal's only investment.
Required:
1. Assume that Beck has 66,000 common shares outstanding. What journal entries will Nadal make during 2018 relative to this investment?
| 2018, Jan. 1 | Investments-Beck Inc. | 107,000 | |
| Cash | 107,000 | ||
| (Record purchase of Beck shares) | |||
| 2018, Jan. 1 | Cash | 7,000 | |
| Dividend Income | 7,000 | ||
| (Record receipt of dividend) | |||
| 2018, Dec. 31 | Investments-Beck Inc. | 15,000 | |
| Unrealized Gain (Loss) on fair value | 15,000 | ||
| (Record adjustment to fair value) |
2. Assume that Beck has 35,200 common shares outstanding. What journal entries will Nadal make during 2018 relative to this investment?
| 2018, Jan. 1 | Investments-Equity Method | 107,000 | |
| Cash | 107,000 | ||
| (Record purchase of Beck shares) | |||
| 2018, Jan. 1 | Cash | 7,000 | |
| Investments-Equity Method | 7,000 | ||
| (Record receipt of dividend) | |||
| 2018, Dec. 31 | Investments-Equity Method | ? | |
| Investment Income-Equity Method | ? | ||
| (Record Nadal's share of Beck's net income) |
Could you write detailed calculation getting 2018 Dec 31 Investments-Equity Method and Investment Income-Equity Method
In: Accounting
USE JAVA PLEASE
A Phone class has 4 instance variables
Model name ("iPhone12","Galaxy")
RAM (number of gigs such as 8 and12)
Storage (number of gigs such as 128 and 512)
Screen of type class Screen as described below.
A Screen has 3 instance variables:
Screen type ("AMOLED", "LCD")
Screen size (decimal number such as 6.2 and 10.1)
Screen ppi (448, 630, 300)
Q1) Code two class-shell for both classes. The names and types of the instance variables have deliberately been left up to you (14m)
Q2) Code a 6-parameter contractor for class Phone (12m)
Do not rely on any auto-initialisation
You can assume mutators exist for all instance variables
Q3) Code the toString method that should print all the specifications of the object that is invoked on. (8m)
Q4) Code a method called normalize() that accepts an array of integers 'intAr' and returns an array of doubles 'doubleAr'. The returned array must have the same length as the input. The method should convert any range of values in 'intAr' into 0..1 range. (10m)
For example:
if intAr=[-100,-50,0,50,100], doubleAr=[0.0,0.25,0.5,0.75,1.0]
How to normalize data?
where:
doubleAr[i] is the ith element in the output array doubleAr
intAr[i] is the ith element in the input array intAr
min(intAr) is the minimum value in the input array intAr
max(intAr) is the maximum value in the input array intAr
In: Computer Science
What are the limitations of Karnaugh Maps? Explain with an example
In: Computer Science
In 2019, Police Officer Amber Guyger was convicted of the murder of Botham Jean in a 2017 case in which she entered his apartment and shot him thinking he was an intruder in her own nearby apartment, according to her testimony. Guyger was convicted and sentenced to 10 years in prison. The younger brother of Botham spoke in court after the conviction was read stating that he forgave Guyger and requested that he be allowed to hug her, which he did. Here is a video news report on it: LINK (Links to an external site.). Here is a video of Tervor Noah's comment and views on the case: LINK (Links to an external site.). [1] What is your response to what Brandt Jean, brother of the murdered Botham Jean, did in court? Do you believe forgiving someone who has deeply wronged us is a moral duty or is the act of forgiving something extra that goes above and beyond what is one’s duty? Explain your answer.
[2] What is your response to the analysis and commentary of Trevor Noah on the Guyger case? Based on what Trevor says and based on the NPR Podcast interview with Jemar Tisby, what do you think about the question of "whether the public expects black victims to provide forgiveness to white perpetrators" (NPR Podcast 2019, link (Links to an external site.))?
In: Operations Management
Ripit Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufacturers of tractors The outlay required is $480,000. The NC equipment will last five years with no expected salvage value. The expected after-tax cash flows associated with the project follow:
Year Cash Revenues Cash Expenses
1 $780,000 $600,000
2 780,000 600,000
3 780,000 600,000
4 780,000 600,000
5 780,000 600,000
Required:
In: Accounting
Globally, one of the most affected sector for sure is 'Education System'. Currently more than 80% of all students in 173 countries are in a lockdown and try to get education remotely. Although the prior status in education was not promising - only 53% of the students 10 years old can understand the text they read - now we are in a worse situation. News about drop out students, schools getting closed are spreading because the lack of infrastructure for remote education. Obviously non of the countries were prepared for such a lockdown because of a pandemy. What can be done for these stuations? How? With what funds? What should we invest on as a startup point of view? etc. Please write as much ideas as you can to find out multiple solutions.
In: Operations Management
9. Younger Corporation reports that at an activity level of 8,700 units, its total variable cost is $653,109 and its total fixed cost is $658,416.
Required:
For the activity level of 8,800 units, compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the relevant range.
10. Match the following terms to the appropriate statement by placing the letter to the left of each statement.
a.Committed fixed cost b. Fixed Cost c. Variable Cost d. Total Cost e. Discretionary Fixed Cost f. High-low method g. Mixed Cost h. Relevant Range i. Scattergraph j. Step cost
1. Cost that does not change in total as long as production is in the relevant range.
2. Fixed costs that cannot be changed over the short run.
3. Cost that changes in total as production changes but remains unchanged per unit.
4. The sum of fixed costs and variable costs
5. The normal level of operating activity.
6. Fixed costs that can be changed over the short run.
7. A cost that has both a fixed and variable component.
8. A cost that is fixed over only a small range of activity.
9. A graph that shows total costs in relation to volume, or activity level.
10. A method of estimating the fixed and variable cost components of a mixed cost that requires using only two data points, the lowest point of activity and the highest point of activity.
11. Indicate which of the following costs are classified as mixed or step costs.
| Mixed | Step | |
| a. Electrical Charge for the Month | ||
| b. Factory Overhead | ||
| c. Wages of Quality Control employee who gets paid a bonus for every 10 defects found | ||
| d. Charges for an employee development seminar where the cost includes a speaker fee and cost of supplies for each attendee | ||
| e. Phone plan where you purchase 10-minute increments of time |
12. Vest Construction Company’s cost of renting a crane for the last four months is as follows:
| Month | Hours of Operation | Rental Cost |
| January | 35 | $1,200 |
| February | 42 | $1,350 |
| March | 45 | $1,400 |
| April | 40 | $1,290 |
Using the high-low method, what is the company’s estimated variable and fixed component of operating expenses? What is the total cost equation? What would be the estimated total cost if a crane is rented for 60 hours per month?
In: Accounting
In: Operations Management
In college you will at one point or another experience disequilibrium in a class. You'll be totally lost and feel like you will never understand the information. How are you going to overcome this? What strategies have you used in the past when you have had trouble understanding something? Do you think these will work for you in college as well? 300 words long
MUST USE FOLLOWING QUOTE IN PARAGRAPH.
On Page 151 explains that “Piaget suggests that in order to achieve equilibrium the child must first encounter disequilibrium."
In: Psychology
QUESTION 5
Job stress is most likely to occur when...
|
Employees do not care much about their work |
||
|
Employees face difficult demands that are important to them. |
||
|
Employees have strict boundaries between work and nonwork |
||
|
All of the above |
0.25 points
QUESTION 6
Job satisfaction is the strongest predictor of which type of job performance?
|
Task performance |
||
|
In-role performance |
||
|
Leadership performance |
||
|
Organizational citizenship behavior |
0.25 points
QUESTION 7
Which personality trait is the most important for performance in most jobs?
|
Extraversion |
||
|
Conscientiousness |
||
|
Openness to experience |
||
|
Emotional stability |
0.25 points
QUESTION 8
An employee who has a great ability to learn and process information, but does has difficulty understanding how others feel. This employee has a high level of....
|
Emotional intelligence |
||
|
Cognitive or general mental ability |
||
|
Conscientiousness |
||
|
Emotional stability |
In: Operations Management
Demonstrate the differences between self-efficacy theory, reinforcement theory, equity theory, and expectancy theory.
In: Operations Management
In: Operations Management
Write a pyhton program to read from a file the names and grades of a class of students, to calculate the class average, the maximum, and the minimum grades. The program should then write the names and grades on a new file identifying the students who passed and the students who failed. The program should consist of the following functions:
a) Develop a dataInput() function that reads data from a file and stores it and returns it as a dictionary. The function has one argument which is the name of the file where the data is entered. Each line on the file should contain the record of one student holding his or her name and the corresponding grade.
b) Write a second function dataStats() that iterates over the list or dictionary and determines the statistics on the average, minimum, and maximum of the grades and return these statistics as a list.
c) Write a third function dataEval() that will iterate over the dictionary or list and write on a new file named Class_Results.txt the names of students whose grades are greater or equal to 60, preceded by the message “Passing Students”. Then the names of students whose grades are lower than 60 should written on the file, preceded by the message “Failing Students”. Finally, the class statistics should be written on the file, also preceded by the message “Class Statistics”.
d) Write a main program that coordinates the operation of the three developed functions. The program should inform the user of what is its function and request from the user the name of the file where class names and grades are written. Form you own data file, Class_Data.txt that have the following entries : Galia, 96 -Elias, 81 -Hussein, 84 -Joseph, 80 -Tarek, 93 -Joe, 81 -Fidele, 71 -Shant, 95 -Ali, 67 -Firas, 70 -Giorgiou, 55 -Hashem, 72
In: Computer Science
Discuss the Hamiltion circuit 1) sequential algorithm; 2) parallel algorithm; 3) discuss its time complexity.
In: Computer Science
Financial statements for Askew Industries for 2021 are shown
below (in thousands):
| 2021 Income Statement | |||
| Net sales | $ | 9,900 | |
| Cost of goods sold | (6,525 | ) | |
| Gross profit | 3,375 | ||
| Operating expenses | (2,325 | ) | |
| Interest expense | (290 | ) | |
| Income tax expense | (304 | ) | |
| Net income | $ | 456 | |
| Comparative Balance Sheets | |||||||
| Dec. 31 | |||||||
| 2021 | 2020 | ||||||
| Assets | |||||||
| Cash | $ | 690 | $ | 590 | |||
| Accounts receivable | 690 | 490 | |||||
| Inventory | 890 | 690 | |||||
| Property, plant, and equipment (net) | 2,900 | 3,000 | |||||
| $ | 5,170 | $ | 4,770 | ||||
| Liabilities and Shareholders’ Equity | |||||||
| Current liabilities | $ | 1,640 | $ | 1,390 | |||
| Bonds payable | 1,850 | 1,850 | |||||
| Common stock | 690 | 690 | |||||
| Retained earnings | 990 | 840 | |||||
| $ | 5,170 | $ | 4,770 | ||||
Required:
Calculate the following ratios for 2021. (Consider 365 days
a year. Do not round intermediate calculations and round your final
answers to 2 decimal places.)
1. inventory turn over ratio:________
2. Average days in inventory:_______ days
3. Receivables turnover rate:_______
4. Average collection period:________days
5. Asset turnover ratio:_________
6. Profit margin on sales:______%
7. Return on assets:__________%
8. Return on equity:________%
9. Equity multiplier:____________times
10. Return on equity (using the DuPoint framework):_________%
In: Accounting