Kerry Manufacturing Company is a German subsidiary of a U.S. company.pdf
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Kerry Manufacturing Company is a German subsidiary of a U.S. company. Kerry records its operationsand prepares financial statements in euros. However, its functional currency is the British pound.Kerry was organized and acquired by the U.S. company on June 1, 20X4. The cumulative translationadjustment as of December 31, 20X6, was $79,860. The value of the subsidiary\'s retained earnings expressedin British pounds and U.S. dollars as of December 31, 20X7, was 365,000 pounds and $618,000, respectively.On March 1, 20X7, Kerry declared a dividend of 120,000 euros. The trial balance of Kerry in euros as ofDecember 31, 20X7, is as follows:DebitCreditCash240,000Accounts Receivable (net)2,760,000Inventory (at cost)3,720,000Marketable Securities (at cost)2,040,000Prepaid Insurance210,000Depreciable Assets8,730,000Accumulated Depreciation1,417,000Cost of Goods Sold17,697,000Selling, General, and Administrative Expense4,762,000Sales Revenue26,430,000Investment Income180,000Accounts Payable2,120,000Unearned Sales Revenue960,000Loans and Mortgage Payable5,872,000Common Stock1,500,000Paid-in Capital in Excess of Par210,000Retained Earnings1,470,000 Total40,159,00040,159,000The marketable securities were acquired on November 1, 20X6, and the prepaid insurance was acquired onDecember 1, 20X7. The cost of goods sold and the ending inventory are calculated by the weighted-averagemethod.The following items are measured in pound at the December 31, 20x7.EurosPoundsAccumulated depreciationDepreciable Assets8,730,0002,671,380Cost of Goods Sold17,697,0005,262,294Selling, General, Admin. Expense4,762,0001,415,886Accumulated Depreciation1,417,000773,915Sales Revenue26,430,0007,866,030On November 1, 20X6, Kerry received a customer prepayment valued at 3,000,000 euros. On February 1,300000020X7, 2,040,000 euros of the prepayment was earned. The balance remains unearned as of December 31,204000020X7.960000Relevant exchange rates are as follows:Pounds/Euro$/PoundJune 1, 20X40.31$1.60March 1, 20X60.3$1.64November 1, 20X60.305$1.65December 31, 20X60.31$1.68February 1, 20X70.302$1.67March 1, 20X70.3$1.66December 1, 20X70.29$1.64December 31, 20X70.288$1.6420X7 average0.297$1.66Required:Prepare a remeasured and translated trial balance of the Kerry ManufacturingCompany as of December 31, 20X7.ANS:Kerry Manufacturing CompanyTrial Balance TranslationDecember 31, 20X7RelevantRelevantExchangeExchangeBalance inRateBalance inRateBalance inAccountEuros(Pds/Euros)Pounds($/Pds)DollarsCash240,000Accounts Receivable (net)2,760,000Inventory (at cost)3,720,000Marketable Securities (at cost)2,040,000Prepaid Insurance210,000Depreciable Assets8,730,000Cost of Goods Sold17,697,000Selling, General, Admin. Expense4,762,000Exchange LossTotal Debits40,159,00012,183,00120,117,316Accumulated Depreciation1,417,000Sales Revenue26,430,000Investment Income180,000Accounts Payable2,120,000Unearned Sales Revenue960,000Loans and Mortgage Payable5,872,000Common Stock1,500,000Paid-in Capital in Excess of Par.
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B PROBLEMSP23-1B (L02,4) (SCF—Indirect Method) The followi.docx
B PROBLEMS
P23-1B (L02,4) (SCF—Indirect Method) The following are Sanibel Corp.’s comparative balance sheet accounts at Decem-
ber 31, 2017 and 2016, with a column showing the increase (decrease) from 2016 to 2017.
Additional information:
1. On December 31, 2016, Sanibel acquired 25% of Island Co.’s common stock for $420,000. On that date, the carrying value
of Island’s assets and liabilities, which approximated their fair values, was $1,680,000. Island reported income of $220,000
for the year ended December 31, 2017. No dividend was paid on Island’s common stock during the year.
2. During 2016, Sanibel loaned $500,000 to POI Co., an unrelated company. POI made the first semi-annual principal repay-
ment of $50,000, plus interest at 10%, on December 31, 2016. POI is current on the loan as of December 31, 2017.
3. On January 2, 2017, Sanibel sold equipment costing $100,000, with a carrying amount of $31,000, for $20,000 cash.
4. On December 31, 2017, Sanibel entered into a capital lease for a new factory. The present value of the annual rental pay-
ments is $850,000, which equals the fair value of the building. Sanibel made the first rental payment of $120,000 when due
on January 2, 2018.
5. Net income for 2017 was $285,000.
6. Sanibel declared and paid cash dividends for 2017 and 2016 as follows.
Instructions
Prepare a statement of cash flows for Sanibel Corp. for the year ended December 31, 2017, using the indirect method.
(AICPA adapted)
1
COMPARATIVE BALANCE SHEETS
Increase
2017 2016 (Decrease)
Cash $ 650,000 $ 510,000 $ 140,000
Accounts receivable 1,260,000 1,090,000 170,000
Inventory 1,538,000 1,370,000 168,000
Property, plant, and equipment 2,680,000 1,763,000 917,000
Accumulated depreciation (850,000) (760,000) (90,000)
Investment in Island Co. 475,000 420,000 55,000
Loan receivable 350,000 450,000 (100,000)
Total assets $6,103,000 $4,843,000 $1,260,000
Accounts payable $1,080,000 $ 910,000 $ 170,000
Income taxes payable 90,000 75,000 15,000
Dividends payable 100,000 60,000 40,000
Capital lease obligation 850,000 0 850,000
Common stock, $1 par 400,000 400,000 0
Paid-in capital in excess of 2,100,000 2,100,000 0
par—common stock
Retained earnings 1,483,000 1,298,000 185,000
Total liabilities and stockholders’ equity $6,103,000 $4,843,000 $1,260,000
2017 2016
Declared December 15, 2017 December 15, 2016
Paid February 28, 2018 February 28, 2017
Amount $100,000 $60,000
c23_Kieso_IA_16e_PB.indd Page 1 12/07/16 9:00 AM f-389 c23_Kieso_IA_16e_PB.indd Page 1 12/07/16 9:00 AM f-389 /208/WB01908/XXXXXXXXXXXXX/ch23/text_s/208/WB01908/XXXXXXXXXXXXX/ch23/text_s
2 Chapter 23 Statement of Cash Flows
P23-2B (L02,4) (SCF—Indirect Method) The comparative balance sheets for Queen Corporation show the following
information.
Additional data related to 2017 are as follows.
1. Equipment that had cost $20,000 and was 60% depreciated at time of disposal was sold for $2,000.
2. $18,000 of th ...
1)Journal entriesT- AccountsCommon StockCommon Stock dividends.pdf
1)Journal entries
T- Accounts
Common Stock
Common Stock dividends distributable
Paid in capital in excess of par - common stock
Retained earnings
Cash dividends 235,776 $483,144
Stockholders equity
Common stock (145920 shares @11) $1,605,120
Paid in capital in excess of par- common stock 246,060
Total paid in capital $1,851,180
Add: Retained earnings 483,144
Total Stockholder\'s equity
$4,185,504DateDescriptionDebitCreditFeb1Dividends$192,000To Dividends payable(
64,000@3)$192,000March 1Dividends payable$192,000To Cash$192,000April 1No
Entry(64,000*2 = 128,000 shares @11July 1Stock dividends(128000@14%@14)$250,880To
Stock dividend distributable(17,920@11)$197,120To Addittional paid in capital$ 53,760July
31Stock dividend distributable$197,120To Common stock$197,120Dec 1Dividend$43,776To
dividend payable(128,000+17920 ) .30$43,776Dec 31Income summary$371,000To Retained
earnings$371,000Retained earnings$250,880To Stock dividends$250,880Retained
earnings$235,776To dividends$235,776
Solution
1)Journal entries
T- Accounts
Common Stock
Common Stock dividends distributable
Paid in capital in excess of par - common stock
Retained earnings
Cash dividends 235,776 $483,144
Stockholders equity
Common stock (145920 shares @11) $1,605,120
Paid in capital in excess of par- common stock 246,060
Total paid in capital $1,851,180
Add: Retained earnings 483,144
Total Stockholder\'s equity
$4,185,504DateDescriptionDebitCreditFeb1Dividends$192,000To Dividends payable(
64,000@3)$192,000March 1Dividends payable$192,000To Cash$192,000April 1No
Entry(64,000*2 = 128,000 shares @11July 1Stock dividends(128000@14%@14)$250,880To
Stock dividend distributable(17,920@11)$197,120To Addittional paid in capital$ 53,760July
31Stock dividend distributable$197,120To Common stock$197,120Dec 1Dividend$43,776To
dividend payable(128,000+17920 ) .30$43,776Dec 31Income summary$371,000To Retained
earnings$371,000Retained earnings$250,880To Stock dividends$250,880Retained
earnings$235,776To dividends$235,776.
The comparative balance sheet of Iglesias Inc for December .pdf
The comparative balance sheet of Iglesias Inc. for December 31, 20Y3 and 20Y2, is shown as
follows:
1
Dec. 31, 20Y3
Dec. 31, 20Y2
2
Assets
3
Cash
$186,000.00
$180,000.00
4
Accounts receivable (net)
540,000.00
480,000.00
5
Inventories
924,000.00
900,000.00
6
Investments
0.00
120,000.00
7
Land
600,000.00
0.00
8
Equipment
1,680,000.00
1,440,000.00
9
Accumulated depreciation-equipment
(720,000.00)
(600,000.00)
10
Total assets
$3,210,000.00
$2,520,000.00
11
Liabilities and Stockholders Equity
12
Accounts payable
$408,000.00
$360,000.00
13
Accrued expenses payable
54,000.00
60,000.00
14
Dividends payable
36,000.00
30,000.00
15
Common stock, $4 par
840,000.00
720,000.00
16
Excess of paid-in capital over par
240,000.00
210,000.00
17
Retained earnings
1,632,000.00
1,140,000.00
18
Total liabilities and stockholders equity
$3,210,000.00
$2,520,000.00
Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as
follows:
Required:
Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used
for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and
Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use
the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each
section, if required.
Statement of Cash Flows Shaded cells have feedback. 1. Cash flows from (used for) operating
activities: 2 Net income 3 Adjustments to reconcile net income to net cash flows from operating
activitie: 12 Cash flows from (used for) irnesting activities:.
Ch02 P14 Build a Model Spring 1, 201372212Chapter 2. Ch 02 P14.docx
Ch02 P14 Build a Model Spring 1, 20137/22/12Chapter 2. Ch 02 P14 Build a ModelExcept for charts and answers that must be written, only Excel formulas that use cell references or functions will be accepted for credit. Numeric answers in cells will not be accepted.a. Cumberland Industries' most recent sales were $455,000,000; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $67,000,000; depreciation amounted to 10% of net fixed assets; interest expenses were $8,550,000; the state-plus-federal corporate tax rate was 40% and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland's income statement. Also calculate total dividends and the addition to retained earnings.The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below.Key Input Data for Cumberland Industries2010 (Thousands of dollars)Sales Revenue$455,000Expenses (excluding depreciation) as a percent of sales85.0%Net fixed assest$67,000Depr. as a % of net fixed assets10.0%Tax rate40.0%Interest expense$8,550Dividend Payout Ratio25%Cumberland Industries: Income Statement (Thousands of dollars)2010SalesOperating costs excluding depreciation EBITDADepreciation (Cumberland has no amortization charges) EBITInterest expense EBTTaxes (40%) Net incomeCommon dividendsAddition to retained earningsb. Cumberland Industries' partial balance sheets are shown below. Cumberland issued $10,000,000 of new common stock in the most recent year. Using this information and the results from part a, fill in the missing values for common stock, retained earnings, total common equity, and total liabilities and equity. Dollar value of common stock issued (in thousands of dollars)$10,000Cumberland Industries December 31 Balance Sheets(in thousands of dollars)20102009AssetsCash and cash equivalents$91,450$74,625Short-term investments11,40015,100Accounts Receivable108,47085,527Inventories38,45034,982 Total current assets$249,770$210,234 Net fixed assets67,00042,436Total assets$316,770$252,670Liabilities and equityAccounts payable$30,761$23,109Accruals30,40522,656Notes payable12,71714,217 Total current liabilities$73,883$59,982Long-term debt80,26363,914 Total liabilities$154,146$123,896Common stock$90,000Retained earnings38,774 Total common equity$128,774Total liabilities and equity$252,670Check for balancing (this should be zero):c. Construct the statement of cash flows for the most recent year. Statement of Cash Flows(in thousands of dollars)Operating ActivitiesNet IncomeAdjustments: Noncash adjustment: Depreciation Due to changes in working capital: Due to change in accounts receivable
Kenneth D. Jackson: An increase in accounts receivable from the pevious year to the current year reduces the net cash provided by operating activities
Due to change in inventories
Kenneth D. ...
4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx
4.
(TCO E) During 20X3, Edwards Co. sold inventory to its parent company, First Corp. First still owned the entire inventory purchased at the end of 20X3. Why must the gross profit on the sale be deferred when consolidated financial statements are prepared at the end of 20X3?
(Points : 15)
6.(TCO C) Assume that on January 1, 20X2, investors form Acme Corp agree to consolidate the operations of ABC, Inc., and DEF Company in a deal valued at $2.0 billion. Acme organizes each former entity as an operating segment. Additionally, Acme two divisions—ABC Hot and ABC Cold—that, along with DEF, are treated as independent reporting units for internal performance evaluation and management reviews. ACME recognizes $215 million as goodwill at the merger date of January 1, 20X3 and allocates this entire amount to its reporting units. That information and each reporting unit's acquisition-date fair values are as follows.
New Corp’s Acquisition-Date Fair Values
Reporting Units Goodwill January 1, 20X3
ABC Hot $ 22,000,000 $750,000,000
ABC Cold 155,000,000 748,000,000
DEF Company 38,000,000 502,000,000
In December, 20X3, Acme Corp performed an analysis for each of its three reporting units to assess potential goodwill impairment. They examined the events that may affect the fair values of its reporting units. The analysis reveals that the fair value of each reporting unit likely exceeds its carrying amount except for ABC Cold. The goodwill impairment test then reveals that ABC Cold’s fair value has fallen to $70 million, well below its current carrying amount. Acme compared the implied fair value of ABC Cold’s goodwill to its carrying amount. Acme needs to determine the implied fair value of goodwill. The fair value of ABC Cold’s net assets as of December 31, 21X3 is shown below.
ABC Cold December 31, 20X3, fair value $70,000,000
Fair values of ABC Cold net assets at December 31, 20X3:
Current assets $ 5,000,000
Property 10,000,000
Equipment 5,000,000
Subscriber list 1,000,000
Patented technology 1,000,000
Current liabilities (4,000,000)
Long-term debt (10,000,000)
Required:
(1) What is the implied fair value of goodwill for ABC Cold?
(2) What is the carry value of the assets of ABC Cold before impairment?
(3) What is the impairment loss of ABC Cold? (Points : 25)
7.
(TCO A) Steven Company owns 40% of the outstanding voting common stock of Nicole Corp. and has the ability to significantly influence the investee's operations. On January 3, 20X1, the balance in the Investment in Nicole Corp. account was $503,000. Amortization associated with this acquisition is $12,000 per year. During 20X1, Nicole earned a net income of $120,000 and paid cash dividends of $40,000. Previously in 20X0, Nicole had sold inventory costing $35,000 to Steven for $50,000. All but 25% of that inventory had been sold to outsiders by Steven during 20X0. Additional sales were made to Steven in 20X1 at a transfer price.
The comparative balance sheet of Whitman Co at December 31.pdf
The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows:
1
Dec. 31, 20Y2
Dec. 31, 20Y1
2
Assets
3
Cash
$918,000.00
$964,800.00
4
Accounts receivable (net)
828,900.00
761,940.00
5
Inventories
1,268,460.00
1,162,980.00
6
Prepaid expenses
29,340.00
35,100.00
7
Land
315,900.00
479,700.00
8
Buildings
1,462,500.00
900,900.00
9
Accumulated depreciation-buildings
(408,600.00)
(382,320.00)
10
Equipment
512,280.00
454,680.00
11
Accumulated depreciation-equipment
(141,300.00)
(158,760.00)
12
Total assets
$4,785,480.00
$4,219,020.00
13
Liabilities and Stockholders Equity
14
Accounts payable (merchandise creditors)
$922,500.00
$958,320.00
15
Bonds payable
270,000.00
0.00
16
Common stock, $25 par
317,000.00
117,000.00
17
Excess of paid-in capital over par
758,000.00
558,000.00
18
Retained earnings
2,517,980.00
2,585,700.00
19
Total liabilities and stockholders equity
$4,785,480.00
$4,219,020.00
The noncurrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as
follows:
ACCOUNT Land
ACCOUNT Buildings
ACCOUNT Accumulated DepreciationBuildings
ACCOUNT Equipment
ACCOUNT Accumulated Depreciation Equipment
ACCOUNT Bonds Payable
ACCOUNT Common Stock $25 par
ACCOUNT Paid-In Capital in Excess of ParCommon Stock
ACCOUNT Retained Earnings
Required:
X
Statement of Cash Flows.
Recommended
B PROBLEMSP23-1B (L02,4) (SCF—Indirect Method) The followi.docx
B PROBLEMS
P23-1B (L02,4) (SCF—Indirect Method) The following are Sanibel Corp.’s comparative balance sheet accounts at Decem-
ber 31, 2017 and 2016, with a column showing the increase (decrease) from 2016 to 2017.
Additional information:
1. On December 31, 2016, Sanibel acquired 25% of Island Co.’s common stock for $420,000. On that date, the carrying value
of Island’s assets and liabilities, which approximated their fair values, was $1,680,000. Island reported income of $220,000
for the year ended December 31, 2017. No dividend was paid on Island’s common stock during the year.
2. During 2016, Sanibel loaned $500,000 to POI Co., an unrelated company. POI made the first semi-annual principal repay-
ment of $50,000, plus interest at 10%, on December 31, 2016. POI is current on the loan as of December 31, 2017.
3. On January 2, 2017, Sanibel sold equipment costing $100,000, with a carrying amount of $31,000, for $20,000 cash.
4. On December 31, 2017, Sanibel entered into a capital lease for a new factory. The present value of the annual rental pay-
ments is $850,000, which equals the fair value of the building. Sanibel made the first rental payment of $120,000 when due
on January 2, 2018.
5. Net income for 2017 was $285,000.
6. Sanibel declared and paid cash dividends for 2017 and 2016 as follows.
Instructions
Prepare a statement of cash flows for Sanibel Corp. for the year ended December 31, 2017, using the indirect method.
(AICPA adapted)
1
COMPARATIVE BALANCE SHEETS
Increase
2017 2016 (Decrease)
Cash $ 650,000 $ 510,000 $ 140,000
Accounts receivable 1,260,000 1,090,000 170,000
Inventory 1,538,000 1,370,000 168,000
Property, plant, and equipment 2,680,000 1,763,000 917,000
Accumulated depreciation (850,000) (760,000) (90,000)
Investment in Island Co. 475,000 420,000 55,000
Loan receivable 350,000 450,000 (100,000)
Total assets $6,103,000 $4,843,000 $1,260,000
Accounts payable $1,080,000 $ 910,000 $ 170,000
Income taxes payable 90,000 75,000 15,000
Dividends payable 100,000 60,000 40,000
Capital lease obligation 850,000 0 850,000
Common stock, $1 par 400,000 400,000 0
Paid-in capital in excess of 2,100,000 2,100,000 0
par—common stock
Retained earnings 1,483,000 1,298,000 185,000
Total liabilities and stockholders’ equity $6,103,000 $4,843,000 $1,260,000
2017 2016
Declared December 15, 2017 December 15, 2016
Paid February 28, 2018 February 28, 2017
Amount $100,000 $60,000
c23_Kieso_IA_16e_PB.indd Page 1 12/07/16 9:00 AM f-389 c23_Kieso_IA_16e_PB.indd Page 1 12/07/16 9:00 AM f-389 /208/WB01908/XXXXXXXXXXXXX/ch23/text_s/208/WB01908/XXXXXXXXXXXXX/ch23/text_s
2 Chapter 23 Statement of Cash Flows
P23-2B (L02,4) (SCF—Indirect Method) The comparative balance sheets for Queen Corporation show the following
information.
Additional data related to 2017 are as follows.
1. Equipment that had cost $20,000 and was 60% depreciated at time of disposal was sold for $2,000.
2. $18,000 of th ...
1)Journal entriesT- AccountsCommon StockCommon Stock dividends.pdf
1)Journal entries
T- Accounts
Common Stock
Common Stock dividends distributable
Paid in capital in excess of par - common stock
Retained earnings
Cash dividends 235,776 $483,144
Stockholders equity
Common stock (145920 shares @11) $1,605,120
Paid in capital in excess of par- common stock 246,060
Total paid in capital $1,851,180
Add: Retained earnings 483,144
Total Stockholder\'s equity
$4,185,504DateDescriptionDebitCreditFeb1Dividends$192,000To Dividends payable(
64,000@3)$192,000March 1Dividends payable$192,000To Cash$192,000April 1No
Entry(64,000*2 = 128,000 shares @11July 1Stock dividends(128000@14%@14)$250,880To
Stock dividend distributable(17,920@11)$197,120To Addittional paid in capital$ 53,760July
31Stock dividend distributable$197,120To Common stock$197,120Dec 1Dividend$43,776To
dividend payable(128,000+17920 ) .30$43,776Dec 31Income summary$371,000To Retained
earnings$371,000Retained earnings$250,880To Stock dividends$250,880Retained
earnings$235,776To dividends$235,776
Solution
1)Journal entries
T- Accounts
Common Stock
Common Stock dividends distributable
Paid in capital in excess of par - common stock
Retained earnings
Cash dividends 235,776 $483,144
Stockholders equity
Common stock (145920 shares @11) $1,605,120
Paid in capital in excess of par- common stock 246,060
Total paid in capital $1,851,180
Add: Retained earnings 483,144
Total Stockholder\'s equity
$4,185,504DateDescriptionDebitCreditFeb1Dividends$192,000To Dividends payable(
64,000@3)$192,000March 1Dividends payable$192,000To Cash$192,000April 1No
Entry(64,000*2 = 128,000 shares @11July 1Stock dividends(128000@14%@14)$250,880To
Stock dividend distributable(17,920@11)$197,120To Addittional paid in capital$ 53,760July
31Stock dividend distributable$197,120To Common stock$197,120Dec 1Dividend$43,776To
dividend payable(128,000+17920 ) .30$43,776Dec 31Income summary$371,000To Retained
earnings$371,000Retained earnings$250,880To Stock dividends$250,880Retained
earnings$235,776To dividends$235,776.
The comparative balance sheet of Iglesias Inc for December .pdf
The comparative balance sheet of Iglesias Inc. for December 31, 20Y3 and 20Y2, is shown as
follows:
1
Dec. 31, 20Y3
Dec. 31, 20Y2
2
Assets
3
Cash
$186,000.00
$180,000.00
4
Accounts receivable (net)
540,000.00
480,000.00
5
Inventories
924,000.00
900,000.00
6
Investments
0.00
120,000.00
7
Land
600,000.00
0.00
8
Equipment
1,680,000.00
1,440,000.00
9
Accumulated depreciation-equipment
(720,000.00)
(600,000.00)
10
Total assets
$3,210,000.00
$2,520,000.00
11
Liabilities and Stockholders Equity
12
Accounts payable
$408,000.00
$360,000.00
13
Accrued expenses payable
54,000.00
60,000.00
14
Dividends payable
36,000.00
30,000.00
15
Common stock, $4 par
840,000.00
720,000.00
16
Excess of paid-in capital over par
240,000.00
210,000.00
17
Retained earnings
1,632,000.00
1,140,000.00
18
Total liabilities and stockholders equity
$3,210,000.00
$2,520,000.00
Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as
follows:
Required:
Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used
for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and
Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use
the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each
section, if required.
Statement of Cash Flows Shaded cells have feedback. 1. Cash flows from (used for) operating
activities: 2 Net income 3 Adjustments to reconcile net income to net cash flows from operating
activitie: 12 Cash flows from (used for) irnesting activities:.
Ch02 P14 Build a Model Spring 1, 201372212Chapter 2. Ch 02 P14.docx
Ch02 P14 Build a Model Spring 1, 20137/22/12Chapter 2. Ch 02 P14 Build a ModelExcept for charts and answers that must be written, only Excel formulas that use cell references or functions will be accepted for credit. Numeric answers in cells will not be accepted.a. Cumberland Industries' most recent sales were $455,000,000; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $67,000,000; depreciation amounted to 10% of net fixed assets; interest expenses were $8,550,000; the state-plus-federal corporate tax rate was 40% and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland's income statement. Also calculate total dividends and the addition to retained earnings.The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below.Key Input Data for Cumberland Industries2010 (Thousands of dollars)Sales Revenue$455,000Expenses (excluding depreciation) as a percent of sales85.0%Net fixed assest$67,000Depr. as a % of net fixed assets10.0%Tax rate40.0%Interest expense$8,550Dividend Payout Ratio25%Cumberland Industries: Income Statement (Thousands of dollars)2010SalesOperating costs excluding depreciation EBITDADepreciation (Cumberland has no amortization charges) EBITInterest expense EBTTaxes (40%) Net incomeCommon dividendsAddition to retained earningsb. Cumberland Industries' partial balance sheets are shown below. Cumberland issued $10,000,000 of new common stock in the most recent year. Using this information and the results from part a, fill in the missing values for common stock, retained earnings, total common equity, and total liabilities and equity. Dollar value of common stock issued (in thousands of dollars)$10,000Cumberland Industries December 31 Balance Sheets(in thousands of dollars)20102009AssetsCash and cash equivalents$91,450$74,625Short-term investments11,40015,100Accounts Receivable108,47085,527Inventories38,45034,982 Total current assets$249,770$210,234 Net fixed assets67,00042,436Total assets$316,770$252,670Liabilities and equityAccounts payable$30,761$23,109Accruals30,40522,656Notes payable12,71714,217 Total current liabilities$73,883$59,982Long-term debt80,26363,914 Total liabilities$154,146$123,896Common stock$90,000Retained earnings38,774 Total common equity$128,774Total liabilities and equity$252,670Check for balancing (this should be zero):c. Construct the statement of cash flows for the most recent year. Statement of Cash Flows(in thousands of dollars)Operating ActivitiesNet IncomeAdjustments: Noncash adjustment: Depreciation Due to changes in working capital: Due to change in accounts receivable
Kenneth D. Jackson: An increase in accounts receivable from the pevious year to the current year reduces the net cash provided by operating activities
Due to change in inventories
Kenneth D. ...
4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx
4.
(TCO E) During 20X3, Edwards Co. sold inventory to its parent company, First Corp. First still owned the entire inventory purchased at the end of 20X3. Why must the gross profit on the sale be deferred when consolidated financial statements are prepared at the end of 20X3?
(Points : 15)
6.(TCO C) Assume that on January 1, 20X2, investors form Acme Corp agree to consolidate the operations of ABC, Inc., and DEF Company in a deal valued at $2.0 billion. Acme organizes each former entity as an operating segment. Additionally, Acme two divisions—ABC Hot and ABC Cold—that, along with DEF, are treated as independent reporting units for internal performance evaluation and management reviews. ACME recognizes $215 million as goodwill at the merger date of January 1, 20X3 and allocates this entire amount to its reporting units. That information and each reporting unit's acquisition-date fair values are as follows.
New Corp’s Acquisition-Date Fair Values
Reporting Units Goodwill January 1, 20X3
ABC Hot $ 22,000,000 $750,000,000
ABC Cold 155,000,000 748,000,000
DEF Company 38,000,000 502,000,000
In December, 20X3, Acme Corp performed an analysis for each of its three reporting units to assess potential goodwill impairment. They examined the events that may affect the fair values of its reporting units. The analysis reveals that the fair value of each reporting unit likely exceeds its carrying amount except for ABC Cold. The goodwill impairment test then reveals that ABC Cold’s fair value has fallen to $70 million, well below its current carrying amount. Acme compared the implied fair value of ABC Cold’s goodwill to its carrying amount. Acme needs to determine the implied fair value of goodwill. The fair value of ABC Cold’s net assets as of December 31, 21X3 is shown below.
ABC Cold December 31, 20X3, fair value $70,000,000
Fair values of ABC Cold net assets at December 31, 20X3:
Current assets $ 5,000,000
Property 10,000,000
Equipment 5,000,000
Subscriber list 1,000,000
Patented technology 1,000,000
Current liabilities (4,000,000)
Long-term debt (10,000,000)
Required:
(1) What is the implied fair value of goodwill for ABC Cold?
(2) What is the carry value of the assets of ABC Cold before impairment?
(3) What is the impairment loss of ABC Cold? (Points : 25)
7.
(TCO A) Steven Company owns 40% of the outstanding voting common stock of Nicole Corp. and has the ability to significantly influence the investee's operations. On January 3, 20X1, the balance in the Investment in Nicole Corp. account was $503,000. Amortization associated with this acquisition is $12,000 per year. During 20X1, Nicole earned a net income of $120,000 and paid cash dividends of $40,000. Previously in 20X0, Nicole had sold inventory costing $35,000 to Steven for $50,000. All but 25% of that inventory had been sold to outsiders by Steven during 20X0. Additional sales were made to Steven in 20X1 at a transfer price.
The comparative balance sheet of Whitman Co at December 31.pdf
The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows:
1
Dec. 31, 20Y2
Dec. 31, 20Y1
2
Assets
3
Cash
$918,000.00
$964,800.00
4
Accounts receivable (net)
828,900.00
761,940.00
5
Inventories
1,268,460.00
1,162,980.00
6
Prepaid expenses
29,340.00
35,100.00
7
Land
315,900.00
479,700.00
8
Buildings
1,462,500.00
900,900.00
9
Accumulated depreciation-buildings
(408,600.00)
(382,320.00)
10
Equipment
512,280.00
454,680.00
11
Accumulated depreciation-equipment
(141,300.00)
(158,760.00)
12
Total assets
$4,785,480.00
$4,219,020.00
13
Liabilities and Stockholders Equity
14
Accounts payable (merchandise creditors)
$922,500.00
$958,320.00
15
Bonds payable
270,000.00
0.00
16
Common stock, $25 par
317,000.00
117,000.00
17
Excess of paid-in capital over par
758,000.00
558,000.00
18
Retained earnings
2,517,980.00
2,585,700.00
19
Total liabilities and stockholders equity
$4,785,480.00
$4,219,020.00
The noncurrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as
follows:
ACCOUNT Land
ACCOUNT Buildings
ACCOUNT Accumulated DepreciationBuildings
ACCOUNT Equipment
ACCOUNT Accumulated Depreciation Equipment
ACCOUNT Bonds Payable
ACCOUNT Common Stock $25 par
ACCOUNT Paid-In Capital in Excess of ParCommon Stock
ACCOUNT Retained Earnings
Required:
X
Statement of Cash Flows.
Exercise 12-1Putnam Corporation had these transactions during 20.docx
Exercise 12-1
Putnam Corporation had these transactions during 2014.
Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities.
(a)
Purchased a machine for $30,000, giving a long-term note in exchange.
(b)
Issued $50,000 par value common stock for cash.
(c)
Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
(d)
Declared and paid a cash dividend of $13,000.
(e)
Sold a long-term investment with a cost of $15,000 for $15,000 cash.
(f)
Collected $16,000 of accounts receivable.
(g)
Paid $18,000 on accounts payable.
IFRS 13-1
Ling Company reports the following information for the year ended December 31, 2014: sales revenue $1,000,000, cost of goods sold $700,000, operating expenses $200,000, and an unrealized gain on non-trading securities of $75,000. Prepare a statement of comprehensive income using the one-statement approach.
LING COMPANY
Statement of Comprehensive Income
For the Year Ended December 31, 2014
$
$
Problem 12-9A
Condensed financial data of Odgers Inc. follow.
ODGERS INC.Comparative Balance Sheets
December 31
Assets
2014
2013
Cash
$ 127,664
$ 76,472
Accounts receivable
138,724
60,040
Inventory
177,750
162,503
Prepaid expenses
44,872
41,080
Long-term investments
218,040
172,220
Plant assets
450,300
383,150
Accumulated depreciation
(79,000
)
(82,160
)
Total
$1,078,350
$813,305
Liabilities and Stockholders’ Equity
Accounts payable
$ 161,160
$ 106,334
Accrued expenses payable
26,070
33,180
Bonds payable
173,800
230,680
Common stock
347,600
276,500
Retained earnings
369,720
166,611
Total
$1,078,350
$813,305
ODGERS INC.Income Statement Data
For the Year Ended December 31, 2014
Sales revenue
$613,767
Less:
Cost of goods sold
$214,027
Operating expenses, excluding depreciation
19,608
Depreciation expense
73,470
Income tax expense
43,102
Interest expense
7,473
Loss on disposal of plant assets
11,850
369,530
Net income
$ 244,237
Additional information:
1.
New plant assets costing $158,000 were purchased for cash during the year.
2.
Old plant assets having an original cost of $90,850 and accumulated depreciation of $76,630 were sold for $2,370 cash.
3.
Bonds payable matured and were paid off at face value for cash.
4.
A cash dividend of $41,128 was declared and paid during the year.
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
ODGERS INC.Statement of Cash Flows
For the Year Ended December 31, 2014
$
Adjustments to reconcile net income to
$
...
Conversion worksheetGreen shaded cells are from Chapter 5 financia.docx
Conversion worksheetGreen shaded cells are from Chapter 5 financial StatementsEnter all amounts as positive numbers. The worksheet is formatted to add debits to assets & expenses and add credits to revenues, liabilities & equityRefr. Account TitlesDebitsCreditsGov'tal Fund Balances Adjustments & EliminationsGovern-mental Funds AdjustedInternal Service FundsBalances for Gov't-wide StmtsDebitsCreditsDebitsCreditsACapital asset64,200,000DEBITS:Accumulated Depreciation28,700,000Cash657,720657,72035,000692,720Net Position35,500,000Cash with Fiscal Agent928,000928,000928,000Investments259,000259,000259,000BCapital asset5,823,100Taxes Receivable, net262,000262,000262,000Capital Outlay Expenditures5,823,100Interest Receivable, net16,85016,85016,850Inventories-37,54037,540CDepreciation Expense4,900,000Due from State Govt.559,000559,000559,000Accumulated Depreciation4,900,000Due from Other Funds-11,200(3,200)14,400Capital Assets64,200,00070,023,10078,40070,101,500DProceeds of bonds4,000,000 both rows5,823,100Other Financing sources- premium on bonds200,000--Bonds payable4,000,000Expenditures (expenses) Current-Premium on bonds200,000 General Govt.1,646,9001,646,900(1,240)1,648,140 Public Safety3,026,9003,026,9003,026,900ENet position12,000,000 Highway and Streets2,481,9002,481,9002,481,900Bonds payable12,000,000 Sanitation591,400591,400591,400 Health724,100724,100724,100FBonds payable800,000 Welfare374,300374,300374,300Bonds Principal800,000 Culture and Recreation917,300917,300917,300Compensated Absences Exp42,00042,00042,000GInterest Expense328,000Other Expenditures (expenses)--Accrued Interest Payable328,000 - Debt Service Principal800,000(800,000)1,600,0001,600,000 - Interest (expenditure/expense)514,000328,000(180,000)1,032,0001,032,000HNet position180,000 both rows(10,000)Interest Expense180,000 - Capital Outlay5,823,100(5,823,100)11,646,20011,646,200 - Depreciation4,900,0004,900,0004,900,000IBonds Payable10,000Other Fin. Uses - Transfers Out1,871,7001,871,700(1,871,700)3,743,400Interest Expense10,000-Total Debits21,454,170105,598,650JDeferred Revenues10,500CREDITS:Revenues- Property Taxes10,500Accounts Payable326,800326,800(19,400)307,400Due to Other Funds40,20040,2003,20037,000KRevenues- Property Taxes21,000Accrued Interest Payable(328,000)(328,000)(328,000)Net Position21,000Bonds Payalbe(12,000,000) both rows800,000(4,000,000)(16,800,000)(16,800,000)LCompensated Absenese Expense42,000Premium on Bonds10,000(200,000)(210,000)(210,000)Compensated Absences Payable42,000Compensated Absence Payable(42,000)(42,000)(42,000)Advance from Water Utility Fund-(15,000)(15,000)MCash35,000Deferred Inflows: Property Taxes10,50010,500-(15,000)Due from Other Funds11,200Accumulated Depreciation(28,700,000)Inventories37,540 both rows(4,900,000)(33,600,000)(33,600,000)Capital assets78,400Revenues-Accounts Payable19,400Property Taxes6,657,50021,000(10,500)6,626,0006,626,000Advance from Water Utility Fund15,000Sales .
AnsConsolidated financial statements are the aggregated or combin.pdf
Ans:
Consolidated financial statements are the aggregated or combined figure of statements between a
parent company and its subsidiaries.
Consolidated balance sheet
As on 31/12/2020
Assets
P
S
Total
Current assets:
Cash
70,000
28,000
98,000
Accounts receivable
210,000
224,000
434,000
Inventory
252,000
140,000
392,000
532,000
392,000
924,000
Noncurrent assets:
Land
140,000
--
140,000
Equipment
7,000,000
3,780,000
10,780,000
Amortization, equipment
(2,478,000)
(1,736,000)
(4,214,000)
Investment in S
1,120,000
--
1,120,000
5,782,000
2,044,000
7,826,000
Total assets
6,314,000
2,436,000
8,750,000
Liabilities and shareholders equity:
Current liabilities:
Accounts payable
630,000
280,000
910,000
Noncurrent liabilities:
Loan payable
420,000
700,000
1,120,000
1,050,000
980,000
2,030,000
Shareholders equity:
Share capital
1,680,000
420,000
2,100,000
Retained earnings
3,584,000
1,036,000
4,620,000
5,264,000
1,456,000
6,720,000
6,314,000
2,436,000
8,750,000
Consolidated income statement
For the year ended 31/12/2020
Particulars
P
S
Total
Revenue:
Sales
2,804,200
2,100,000
4,904,200
Royalties
210,000
--
210,000
Dividends
100,800
--
100,800
3,115,000
2,100,000
5,215,000
Expenses:
Cost of sales
1,680,000
1,260,000
2,940,000
Other
784,000
575,400
1,359,400
2,464,000
1,835,400
4,299,400
Net income
651,000
264,600
915,600
Retained earnings statement
For the year ended 31/12/2020
P
S
Total
Opening retained earnings
3,353,000
897,400
4,250,400
Net income
651,000
264,600
915,600
Dividends declared
(420,000)
(126,000)
(546,000)
Closing retained earnings
3,584,000
1,036,000
4,620,000
Figures are added. P + S = Total.
Assets
P
S
Total
Current assets:
Cash
70,000
28,000
98,000
Accounts receivable
210,000
224,000
434,000
Inventory
252,000
140,000
392,000
532,000
392,000
924,000
Noncurrent assets:
Land
140,000
--
140,000
Equipment
7,000,000
3,780,000
10,780,000
Amortization, equipment
(2,478,000)
(1,736,000)
(4,214,000)
Investment in S
1,120,000
--
1,120,000
5,782,000
2,044,000
7,826,000
Total assets
6,314,000
2,436,000
8,750,000
Liabilities and shareholders equity:
Current liabilities:
Accounts payable
630,000
280,000
910,000
Noncurrent liabilities:
Loan payable
420,000
700,000
1,120,000
1,050,000
980,000
2,030,000
Shareholders equity:
Share capital
1,680,000
420,000
2,100,000
Retained earnings
3,584,000
1,036,000
4,620,000
5,264,000
1,456,000
6,720,000
6,314,000
2,436,000
8,750,000
Solution
Ans:
Consolidated financial statements are the aggregated or combined figure of statements between a
parent company and its subsidiaries.
Consolidated balance sheet
As on 31/12/2020
Assets
P
S
Total
Current assets:
Cash
70,000
28,000
98,000
Accounts receivable
210,000
224,000
434,000
Inventory
252,000
140,000
392,000
532,000
392,000
924,000
Noncurrent assets:
Land
140,000
--
140,000
Equipment
7,000,000
3,780,000
10,780,000
Amortization, equipment
(2,478,000)
(1,736,000)
(4,214,000)
Investment in S
1,120,000
--
1,120,000
5,782,000
2,044,000
7,826,000
Total assets
6,314,000
2,436,00.
Please help, I cant figure out what I did wrong. Problem 11-2A (Pa.pdf
Please help, I can\'t figure out what I did wrong. Problem 11-2A (Part Level Submission) The
stockholders\' equity accounts of Cheyenne Corp. on January 1, 2017, were as follows. Preferred
Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4 stated value,
310,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in
Capital in Excess of Stated Value-Common Stoclk Retained Earnings Treasury Stock (4,400
common shares) $264,000 1,033,33:3 13,200 496,000 683,500 35,200 During 2017, the
corporation had the following transactions and events pertaining to its stockholders equity Feb. 1
Issued 4,620 shares of common stock for $32,340 Mar 20 Purchased 1,250 additional shares of
common treasury stock at $8 per share Oct. 1 Declared a 7% cash dividend on preferred stock,
payable November 1 Nov. 1 Paid the dividend declared on October 1 Dec. Declared a $0.85 per
share cash dividend to common stockholders of record on December 15, payable December 31,
2017 Dec. 31 Determined that net income for the year was $278,200. Paid the dividend declared
on December 1
Solution
I have only corrected the journal entries marked in red
Calculation of cash dividends on Dec1:
No of common stock shares outstanding: (1033,333/4) + 4620 - 4400 - 1250 = 257303.25
<4620 is additional shares issued; 4400 is treasury stock; 1250 is additional treasury stock>
Cash dividend declared = 0.85 per share
Hence, total cash dividend = 257303.25 x 0.85 = $218708
Calculation of cash dividends on Dec 31:
Oct 1 cash dividend (as per journal entry): 18480
Dec 1 cash dividend (as per journal entry): 218708
Total cash dividend: 237188DateAccount titlesDebitCreditFeb
1Cash32340Common stock18480Paid-in Capital in excess of stated value-common
stock13860Dec 1Cash dividends218708Dividends payable218708Dec 31Retained
earnings237188Cash dividends237188Dec 31Dividends payable218708Cash218708.
Problems Problem 14-4AFinancial information for Ernie Bisho.docx
Problems:
Problem 14-4A
Financial information for Ernie Bishop Company is presented below.
ERNIE BISHOP COMPANY
Balance Sheets
December 31
Assets
2013
2012
Cash
$ 137,900
$ 128,050
Short-term investments
102,440
78,800
Receivables (net)
193,060
157,600
Inventory
246,250
265,950
Prepaid expenses
57,130
45,310
Land
256,100
256,100
Building and equipment (net)
330,960
344,750
$1,323,840
$1,276,560
Liabilities and Stockholders’ Equity
Notes payable
$197,000
197,000
Accounts payable
94,560
82,740
Accrued liabilities
86,680
78,800
Bonds payable, due 2016
295,500
295,500
Common stock, $10 par
394,000
394,000
Retained earnings
256,100
228,520
$1,323,840
$1,276,560
ERNIE BISHOP COMPANY
Income Statement
For the Years Ended December 31
2013
2012
Net sales
$1,690,260
$1,572,060
Cost of goods sold
1,203,670
1,132,750
Gross profit
486,590
439,310
Operating expenses
402,865
356,570
Net income
$ 83,725
$ 82,740
Additional information:
1.
Inventory at the beginning of 2012 was $232,460.
2.
Total assets at the beginning of 2012 were $1,245,040.
3.
No common stock transactions occurred during 2012 or 2013.
4.
All sales were on account.
5.
Receivables (net) at the beginning of 2012 were $173,360.
(a) Indicate, by using ratios, the change in liquidity and profitability of Ernie Bishop Company from 2012 to 2013. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all others to 1 decimal place, e.g. 6.8 or 6.8% .)
2012
2013
Change
LIQUIDITY
Current
:1
:1
Acid-test
:1
:1
Receivables turnover
times
times
Inventory turnover
times
times
PROFITABILITY
Profit margin
%
%
Asset turnover
times
times
Return on assets
%
%
Earnings per share
$
$
(b) Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2013, and (2) as of December 31, 2014, after giving effect to the situation. Net income for 2014 was $98,500. Total assets on December 31, 2014, were $1,379,000.
Situation
Ratio
(1)
35,460 shares of common stock were sold at par on July 1, 2014.
Return on common stockholders’ equity
(2)
All of the notes payable were paid in 2014. The only change in liabilities was that the notes payable were paid.
Debt to total assets
(3)
Market price of common stock was $18 on December 31, 2013, and $24.63 on December 31, 2014.
Price-earnings ratio
2013
2014
Change
Return on common stockholders’ equity
%
%
Debt to total assets
%
%
Price-earnings ratio
times
times
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Problem 14-6A
The comparative statements of Beulah Company are presented below.
BEULAH COMPANY
Income Statement
For the Years Ended December 31
2014
2013
Net sales (all on account)
$501,000
...
1Exercise 8-4The ledger of Wainwright Company at the end of the cu.docx
1Exercise 8-4
The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $76,000; Credit Sales $801,000; and Sales Returns and Allowances $50,000.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(a)
If Wainwright uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wainwright determines that Hiller’s $1,000 balance is uncollectible.
(b)
If Allowance for Doubtful Accounts has a credit balance of $990 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable.
(c)
If Allowance for Doubtful Accounts has a debit balance of $850 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable.
No.
Account Titles and Explanation
Debit
Credit
(a)
2
Broadening Your Perspective 8-1
The financial statements of
Tootsie Roll
are presented below.
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011
2010
2009
Net product sales
$528,369
$517,149
$495,592
Rental and royalty revenue
4,136
4,299
3,739
Total revenue
532,505
521,448
499,331
Product cost of goods sold
365,225
349,334
319,775
Rental and royalty cost
1,038
1,088
852
Total costs
366,263
350,422
320,627
Product gross margin
163,144
167,815
175,817
Rental and royalty gross margin
3,098
3,211
2,887
Total gross margin
166,242
171,026
178,704
Selling, marketing and administrative expenses
108,276
106,316
103,755
Impairment charges
—
—
14,000
Earnings from operations
57,966
64,710
60,949
Other income (expense), net
2,946
8,358
2,100
Earnings before income taxes
60,912
73,068
63,049
Provision for income taxes
16,974
20,005
9,892
Net earnings
$43,938
$53,063
$53,157
Net earnings
$43,938
$53,063
$53,157
Other comprehensive earnings (loss)
(8,740
)
1,183
2,845
Comprehensive earnings
$35,198
$54,246
$56,002
Retained earnings at beginning of year.
$135,866
$147,687
$144,949
Net earnings
43,938
53,063
53,157
Cash dividends
(18,360
)
(18,078
)
(17,790
)
Stock dividends
(47,175
)
(46,806
)
(32,629
)
Retained earnings at end of year
$114,269
$135,866
$147,687
Earnings per share
$0.76
$0.90
$0.89
Average Common and Class B Common shares outstanding
57,892
58,685
59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
Assets
December 31,
2011
2010
CURRE.
A) Which of the following element is seen in all organic molecules Si.pdf
A) Which of the following element is seen in all organic molecules Silicon. B) C) Nitrogen. D)
Sodium E) Carbon organic molecules display a great deal of complexity and variations this is
due to A) The complex interaction carbon creates with water B) The large number of rare
elements that form functional groups in organic molecules. C) The fact that only living
organisms can form these atypical bonds in carbon E) versatility in the types chemical bonds and
chemical partners that carbon atoms can make, Their y large sizes 3, organisms of same species
onen have limited difference while member of different A) The use of species have many
differences, these differences are do to? B) completely different elements for composing
molecules from organism to organism. C) Differences in the types and relative amounts of
organic molecules synthesized by each organism. The use of different types of bonds within
carbon molecules between each organism. D) The relative sizes of organic between organisms,
the more complex the organism th large organic molecules become. E) The use of different
inorganic compounds with in each organism. 4. In order for carbon to have completely filled
orbital shells stabilizing the shells how many pairs of electron bonds carbon does carbon form in
order to complete its valence shell? A) 1 B) 2 C) 3 D) 4 E) 8 You are study a seeding-eating bird
and are following the carbon atoms in the birds organic molecules which of these statements best
describes the carbon atoms present in the bird? A) Ultimately these carbon atoms came from
carbon dioxide incorporated into sugars through photosynthesis B The inorganic carbon atoms
from the soil the bird was eating with the seeds C) The carbon atoms in CO2 the birds was
breathing. D) Inorganic carbon atoms in the seeds were incorporated into organic molecules by
the bird. E) The carbon atoms ultimately came from simple organic compounds that formed
abiotically from inorganic carbon, hydrogen, oxygen, and nitrogen atoms.
Solution
According to rules of chegg, we need to provide you with a brief explanation.So, kindly
cooperate.
Organic molecules are bio-molecules. They are produced in living organisms.It is made up of
carbon,oxygen,hydrogen and nitrogen.The molecule may be a lipid,protein,carbohydrate or
nucleic acid.
1) Carbon is seen in all organic molecules.(E)
2) The verstility in the types of chemical bonds and chemical partners carbon can make.(D)
3) differences in the types and relative amounts of organic molecules synthesized by each
organism(B)
4) It forms 4 electron bonds.(D)
5) Ultimately these carbon atoms came from carbondioxide incorporated into sugars through
photosynthesis.(A).
Given an ArrayList, write a Java method that returns a new ArrayList.pdf
Given an ArrayList, write a Java method that returns a new ArrayList which
contains only the non-duplicate elements from the original list.
import java.util.ArrayList;
public class Exercise1 {
public static void main(String[] args) {
ArrayList list = new ArrayList();
list.add(14);
list.add(24);
list.add(14);
list.add(42);
list.add(25);
ArrayList newList = removeDuplicates(list);
System.out.print(newList);
}
public static ArrayList removeDuplicates(ArrayList list) {
// Your code here!
}
Solution
HI, Please find my implementation.
Please let me know in case of any issue.
import java.util.ArrayList;
public class Exercise1 {
public static void main(String[] args) {
ArrayList list = new ArrayList();
list.add(14);
list.add(24);
list.add(14);
list.add(42);
list.add(25);
ArrayList newList = removeDuplicates(list);
System.out.print(newList);
}
public static ArrayList removeDuplicates(ArrayList list) {
ArrayList noDupList = new ArrayList<>();
// iterating over list
for(E e : list){
if(! noDupList.contains(e)) // if \'e\' is not in noDupList then add it
noDupList.add(e);
}
return noDupList;
}
}
/*
Sample run:
[14, 24, 42, 25]
*/.
Write an MSP430g2553 C program to drive a continually scrolling mess.pdf
Write an MSP430g2553 C program to drive a continually scrolling message with the following
text: Esteban Montanez Use two seven segment LED segment devices to show the text (two
characters at a time) at a reasonable reading rate.
Solution
//to blink the red LED (LED1) on the TI Launchpad
//which is attached to P1.0
//The green LED(LED2) is connected to P1.6
#include
int main(void) {
volatile int i;
// stop watchdog timer
WDTCTL = WDTPW | WDTHOLD;
// set up bit 0 of P1 as output
P1DIR = 0x01;
// intialize bit 0 of P1 to 0
P1OUT = 0x00;
// loop forever
for (;;) {
// toggle bit 0 of P1
P1OUT ^= 0x01;
// delay for a while
for (i = 0; i < 0x6000; i++);
}
}.
Which of the following is NOT a financial measurement needed to see .pdf
Which of the following is NOT a financial measurement needed to see if you are making money?
A. Net Profit
B. Throughput
C. Return on Investment
D. Cash Flow
Solution
Answer:b.throughput
Explanation:
Throughout is not a financial measurement ,it is used to measure at which organisation reaches
the given goal in a specified period of time.
Which process uses chemiosmosis A. Pyruvate oxidation B. Electron .pdf
Which process uses chemiosmosis? A. Pyruvate oxidation B. Electron transport chain C.
Citric Acid cycle D. Glycolysis E. Fermentation
Solution
Chemiosmosis is the process in which the movement of ions takes place across the
semipermeable membrane down their Electrochemical gradient.There would be generation of
ATP ( Adenosine triphosphate by the movement of ions Across the membrae.).
Hydrogen ions or protons will diffuse from a region of high proton concentration to a region of
lower concetration region and a electrochemical cocentration gradient across the membrane can
be used to make ATP. This process is related to Osmosis , the diffusion of water across the
membrane which is why it is called Chemiosmosis.
The process which uses chemiosmosis can be listed as follows. They are
1. Glycolysis
2.Citric acid cycle.
3.Electron transport chain.
4. pyruvate oxidation..
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Similar to Kerry Manufacturing Company is a German subsidiary of a U.S. company.pdf
Exercise 12-1Putnam Corporation had these transactions during 20.docx
Exercise 12-1
Putnam Corporation had these transactions during 2014.
Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities.
(a)
Purchased a machine for $30,000, giving a long-term note in exchange.
(b)
Issued $50,000 par value common stock for cash.
(c)
Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
(d)
Declared and paid a cash dividend of $13,000.
(e)
Sold a long-term investment with a cost of $15,000 for $15,000 cash.
(f)
Collected $16,000 of accounts receivable.
(g)
Paid $18,000 on accounts payable.
IFRS 13-1
Ling Company reports the following information for the year ended December 31, 2014: sales revenue $1,000,000, cost of goods sold $700,000, operating expenses $200,000, and an unrealized gain on non-trading securities of $75,000. Prepare a statement of comprehensive income using the one-statement approach.
LING COMPANY
Statement of Comprehensive Income
For the Year Ended December 31, 2014
$
$
Problem 12-9A
Condensed financial data of Odgers Inc. follow.
ODGERS INC.Comparative Balance Sheets
December 31
Assets
2014
2013
Cash
$ 127,664
$ 76,472
Accounts receivable
138,724
60,040
Inventory
177,750
162,503
Prepaid expenses
44,872
41,080
Long-term investments
218,040
172,220
Plant assets
450,300
383,150
Accumulated depreciation
(79,000
)
(82,160
)
Total
$1,078,350
$813,305
Liabilities and Stockholders’ Equity
Accounts payable
$ 161,160
$ 106,334
Accrued expenses payable
26,070
33,180
Bonds payable
173,800
230,680
Common stock
347,600
276,500
Retained earnings
369,720
166,611
Total
$1,078,350
$813,305
ODGERS INC.Income Statement Data
For the Year Ended December 31, 2014
Sales revenue
$613,767
Less:
Cost of goods sold
$214,027
Operating expenses, excluding depreciation
19,608
Depreciation expense
73,470
Income tax expense
43,102
Interest expense
7,473
Loss on disposal of plant assets
11,850
369,530
Net income
$ 244,237
Additional information:
1.
New plant assets costing $158,000 were purchased for cash during the year.
2.
Old plant assets having an original cost of $90,850 and accumulated depreciation of $76,630 were sold for $2,370 cash.
3.
Bonds payable matured and were paid off at face value for cash.
4.
A cash dividend of $41,128 was declared and paid during the year.
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
ODGERS INC.Statement of Cash Flows
For the Year Ended December 31, 2014
$
Adjustments to reconcile net income to
$
...
Conversion worksheetGreen shaded cells are from Chapter 5 financia.docx
Conversion worksheetGreen shaded cells are from Chapter 5 financial StatementsEnter all amounts as positive numbers. The worksheet is formatted to add debits to assets & expenses and add credits to revenues, liabilities & equityRefr. Account TitlesDebitsCreditsGov'tal Fund Balances Adjustments & EliminationsGovern-mental Funds AdjustedInternal Service FundsBalances for Gov't-wide StmtsDebitsCreditsDebitsCreditsACapital asset64,200,000DEBITS:Accumulated Depreciation28,700,000Cash657,720657,72035,000692,720Net Position35,500,000Cash with Fiscal Agent928,000928,000928,000Investments259,000259,000259,000BCapital asset5,823,100Taxes Receivable, net262,000262,000262,000Capital Outlay Expenditures5,823,100Interest Receivable, net16,85016,85016,850Inventories-37,54037,540CDepreciation Expense4,900,000Due from State Govt.559,000559,000559,000Accumulated Depreciation4,900,000Due from Other Funds-11,200(3,200)14,400Capital Assets64,200,00070,023,10078,40070,101,500DProceeds of bonds4,000,000 both rows5,823,100Other Financing sources- premium on bonds200,000--Bonds payable4,000,000Expenditures (expenses) Current-Premium on bonds200,000 General Govt.1,646,9001,646,900(1,240)1,648,140 Public Safety3,026,9003,026,9003,026,900ENet position12,000,000 Highway and Streets2,481,9002,481,9002,481,900Bonds payable12,000,000 Sanitation591,400591,400591,400 Health724,100724,100724,100FBonds payable800,000 Welfare374,300374,300374,300Bonds Principal800,000 Culture and Recreation917,300917,300917,300Compensated Absences Exp42,00042,00042,000GInterest Expense328,000Other Expenditures (expenses)--Accrued Interest Payable328,000 - Debt Service Principal800,000(800,000)1,600,0001,600,000 - Interest (expenditure/expense)514,000328,000(180,000)1,032,0001,032,000HNet position180,000 both rows(10,000)Interest Expense180,000 - Capital Outlay5,823,100(5,823,100)11,646,20011,646,200 - Depreciation4,900,0004,900,0004,900,000IBonds Payable10,000Other Fin. Uses - Transfers Out1,871,7001,871,700(1,871,700)3,743,400Interest Expense10,000-Total Debits21,454,170105,598,650JDeferred Revenues10,500CREDITS:Revenues- Property Taxes10,500Accounts Payable326,800326,800(19,400)307,400Due to Other Funds40,20040,2003,20037,000KRevenues- Property Taxes21,000Accrued Interest Payable(328,000)(328,000)(328,000)Net Position21,000Bonds Payalbe(12,000,000) both rows800,000(4,000,000)(16,800,000)(16,800,000)LCompensated Absenese Expense42,000Premium on Bonds10,000(200,000)(210,000)(210,000)Compensated Absences Payable42,000Compensated Absence Payable(42,000)(42,000)(42,000)Advance from Water Utility Fund-(15,000)(15,000)MCash35,000Deferred Inflows: Property Taxes10,50010,500-(15,000)Due from Other Funds11,200Accumulated Depreciation(28,700,000)Inventories37,540 both rows(4,900,000)(33,600,000)(33,600,000)Capital assets78,400Revenues-Accounts Payable19,400Property Taxes6,657,50021,000(10,500)6,626,0006,626,000Advance from Water Utility Fund15,000Sales .
AnsConsolidated financial statements are the aggregated or combin.pdf
Ans:
Consolidated financial statements are the aggregated or combined figure of statements between a
parent company and its subsidiaries.
Consolidated balance sheet
As on 31/12/2020
Assets
P
S
Total
Current assets:
Cash
70,000
28,000
98,000
Accounts receivable
210,000
224,000
434,000
Inventory
252,000
140,000
392,000
532,000
392,000
924,000
Noncurrent assets:
Land
140,000
--
140,000
Equipment
7,000,000
3,780,000
10,780,000
Amortization, equipment
(2,478,000)
(1,736,000)
(4,214,000)
Investment in S
1,120,000
--
1,120,000
5,782,000
2,044,000
7,826,000
Total assets
6,314,000
2,436,000
8,750,000
Liabilities and shareholders equity:
Current liabilities:
Accounts payable
630,000
280,000
910,000
Noncurrent liabilities:
Loan payable
420,000
700,000
1,120,000
1,050,000
980,000
2,030,000
Shareholders equity:
Share capital
1,680,000
420,000
2,100,000
Retained earnings
3,584,000
1,036,000
4,620,000
5,264,000
1,456,000
6,720,000
6,314,000
2,436,000
8,750,000
Consolidated income statement
For the year ended 31/12/2020
Particulars
P
S
Total
Revenue:
Sales
2,804,200
2,100,000
4,904,200
Royalties
210,000
--
210,000
Dividends
100,800
--
100,800
3,115,000
2,100,000
5,215,000
Expenses:
Cost of sales
1,680,000
1,260,000
2,940,000
Other
784,000
575,400
1,359,400
2,464,000
1,835,400
4,299,400
Net income
651,000
264,600
915,600
Retained earnings statement
For the year ended 31/12/2020
P
S
Total
Opening retained earnings
3,353,000
897,400
4,250,400
Net income
651,000
264,600
915,600
Dividends declared
(420,000)
(126,000)
(546,000)
Closing retained earnings
3,584,000
1,036,000
4,620,000
Figures are added. P + S = Total.
Assets
P
S
Total
Current assets:
Cash
70,000
28,000
98,000
Accounts receivable
210,000
224,000
434,000
Inventory
252,000
140,000
392,000
532,000
392,000
924,000
Noncurrent assets:
Land
140,000
--
140,000
Equipment
7,000,000
3,780,000
10,780,000
Amortization, equipment
(2,478,000)
(1,736,000)
(4,214,000)
Investment in S
1,120,000
--
1,120,000
5,782,000
2,044,000
7,826,000
Total assets
6,314,000
2,436,000
8,750,000
Liabilities and shareholders equity:
Current liabilities:
Accounts payable
630,000
280,000
910,000
Noncurrent liabilities:
Loan payable
420,000
700,000
1,120,000
1,050,000
980,000
2,030,000
Shareholders equity:
Share capital
1,680,000
420,000
2,100,000
Retained earnings
3,584,000
1,036,000
4,620,000
5,264,000
1,456,000
6,720,000
6,314,000
2,436,000
8,750,000
Solution
Ans:
Consolidated financial statements are the aggregated or combined figure of statements between a
parent company and its subsidiaries.
Consolidated balance sheet
As on 31/12/2020
Assets
P
S
Total
Current assets:
Cash
70,000
28,000
98,000
Accounts receivable
210,000
224,000
434,000
Inventory
252,000
140,000
392,000
532,000
392,000
924,000
Noncurrent assets:
Land
140,000
--
140,000
Equipment
7,000,000
3,780,000
10,780,000
Amortization, equipment
(2,478,000)
(1,736,000)
(4,214,000)
Investment in S
1,120,000
--
1,120,000
5,782,000
2,044,000
7,826,000
Total assets
6,314,000
2,436,00.
Please help, I cant figure out what I did wrong. Problem 11-2A (Pa.pdf
Please help, I can\'t figure out what I did wrong. Problem 11-2A (Part Level Submission) The
stockholders\' equity accounts of Cheyenne Corp. on January 1, 2017, were as follows. Preferred
Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4 stated value,
310,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in
Capital in Excess of Stated Value-Common Stoclk Retained Earnings Treasury Stock (4,400
common shares) $264,000 1,033,33:3 13,200 496,000 683,500 35,200 During 2017, the
corporation had the following transactions and events pertaining to its stockholders equity Feb. 1
Issued 4,620 shares of common stock for $32,340 Mar 20 Purchased 1,250 additional shares of
common treasury stock at $8 per share Oct. 1 Declared a 7% cash dividend on preferred stock,
payable November 1 Nov. 1 Paid the dividend declared on October 1 Dec. Declared a $0.85 per
share cash dividend to common stockholders of record on December 15, payable December 31,
2017 Dec. 31 Determined that net income for the year was $278,200. Paid the dividend declared
on December 1
Solution
I have only corrected the journal entries marked in red
Calculation of cash dividends on Dec1:
No of common stock shares outstanding: (1033,333/4) + 4620 - 4400 - 1250 = 257303.25
<4620 is additional shares issued; 4400 is treasury stock; 1250 is additional treasury stock>
Cash dividend declared = 0.85 per share
Hence, total cash dividend = 257303.25 x 0.85 = $218708
Calculation of cash dividends on Dec 31:
Oct 1 cash dividend (as per journal entry): 18480
Dec 1 cash dividend (as per journal entry): 218708
Total cash dividend: 237188DateAccount titlesDebitCreditFeb
1Cash32340Common stock18480Paid-in Capital in excess of stated value-common
stock13860Dec 1Cash dividends218708Dividends payable218708Dec 31Retained
earnings237188Cash dividends237188Dec 31Dividends payable218708Cash218708.
Problems Problem 14-4AFinancial information for Ernie Bisho.docx
Problems:
Problem 14-4A
Financial information for Ernie Bishop Company is presented below.
ERNIE BISHOP COMPANY
Balance Sheets
December 31
Assets
2013
2012
Cash
$ 137,900
$ 128,050
Short-term investments
102,440
78,800
Receivables (net)
193,060
157,600
Inventory
246,250
265,950
Prepaid expenses
57,130
45,310
Land
256,100
256,100
Building and equipment (net)
330,960
344,750
$1,323,840
$1,276,560
Liabilities and Stockholders’ Equity
Notes payable
$197,000
197,000
Accounts payable
94,560
82,740
Accrued liabilities
86,680
78,800
Bonds payable, due 2016
295,500
295,500
Common stock, $10 par
394,000
394,000
Retained earnings
256,100
228,520
$1,323,840
$1,276,560
ERNIE BISHOP COMPANY
Income Statement
For the Years Ended December 31
2013
2012
Net sales
$1,690,260
$1,572,060
Cost of goods sold
1,203,670
1,132,750
Gross profit
486,590
439,310
Operating expenses
402,865
356,570
Net income
$ 83,725
$ 82,740
Additional information:
1.
Inventory at the beginning of 2012 was $232,460.
2.
Total assets at the beginning of 2012 were $1,245,040.
3.
No common stock transactions occurred during 2012 or 2013.
4.
All sales were on account.
5.
Receivables (net) at the beginning of 2012 were $173,360.
(a) Indicate, by using ratios, the change in liquidity and profitability of Ernie Bishop Company from 2012 to 2013. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all others to 1 decimal place, e.g. 6.8 or 6.8% .)
2012
2013
Change
LIQUIDITY
Current
:1
:1
Acid-test
:1
:1
Receivables turnover
times
times
Inventory turnover
times
times
PROFITABILITY
Profit margin
%
%
Asset turnover
times
times
Return on assets
%
%
Earnings per share
$
$
(b) Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2013, and (2) as of December 31, 2014, after giving effect to the situation. Net income for 2014 was $98,500. Total assets on December 31, 2014, were $1,379,000.
Situation
Ratio
(1)
35,460 shares of common stock were sold at par on July 1, 2014.
Return on common stockholders’ equity
(2)
All of the notes payable were paid in 2014. The only change in liabilities was that the notes payable were paid.
Debt to total assets
(3)
Market price of common stock was $18 on December 31, 2013, and $24.63 on December 31, 2014.
Price-earnings ratio
2013
2014
Change
Return on common stockholders’ equity
%
%
Debt to total assets
%
%
Price-earnings ratio
times
times
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Problem 14-6A
The comparative statements of Beulah Company are presented below.
BEULAH COMPANY
Income Statement
For the Years Ended December 31
2014
2013
Net sales (all on account)
$501,000
...
1Exercise 8-4The ledger of Wainwright Company at the end of the cu.docx
1Exercise 8-4
The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $76,000; Credit Sales $801,000; and Sales Returns and Allowances $50,000.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(a)
If Wainwright uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wainwright determines that Hiller’s $1,000 balance is uncollectible.
(b)
If Allowance for Doubtful Accounts has a credit balance of $990 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable.
(c)
If Allowance for Doubtful Accounts has a debit balance of $850 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable.
No.
Account Titles and Explanation
Debit
Credit
(a)
2
Broadening Your Perspective 8-1
The financial statements of
Tootsie Roll
are presented below.
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011
2010
2009
Net product sales
$528,369
$517,149
$495,592
Rental and royalty revenue
4,136
4,299
3,739
Total revenue
532,505
521,448
499,331
Product cost of goods sold
365,225
349,334
319,775
Rental and royalty cost
1,038
1,088
852
Total costs
366,263
350,422
320,627
Product gross margin
163,144
167,815
175,817
Rental and royalty gross margin
3,098
3,211
2,887
Total gross margin
166,242
171,026
178,704
Selling, marketing and administrative expenses
108,276
106,316
103,755
Impairment charges
—
—
14,000
Earnings from operations
57,966
64,710
60,949
Other income (expense), net
2,946
8,358
2,100
Earnings before income taxes
60,912
73,068
63,049
Provision for income taxes
16,974
20,005
9,892
Net earnings
$43,938
$53,063
$53,157
Net earnings
$43,938
$53,063
$53,157
Other comprehensive earnings (loss)
(8,740
)
1,183
2,845
Comprehensive earnings
$35,198
$54,246
$56,002
Retained earnings at beginning of year.
$135,866
$147,687
$144,949
Net earnings
43,938
53,063
53,157
Cash dividends
(18,360
)
(18,078
)
(17,790
)
Stock dividends
(47,175
)
(46,806
)
(32,629
)
Retained earnings at end of year
$114,269
$135,866
$147,687
Earnings per share
$0.76
$0.90
$0.89
Average Common and Class B Common shares outstanding
57,892
58,685
59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
Assets
December 31,
2011
2010
CURRE.
Similar to Kerry Manufacturing Company is a German subsidiary of a U.S. company.pdf (17)
Exercise 12-1Putnam Corporation had these transactions during 20.docx
Exercise 12-1Putnam Corporation had these transactions during 20.docx
Conversion worksheetGreen shaded cells are from Chapter 5 financia.docx
Conversion worksheetGreen shaded cells are from Chapter 5 financia.docx
AnsConsolidated financial statements are the aggregated or combin.pdf
AnsConsolidated financial statements are the aggregated or combin.pdf
Please help, I cant figure out what I did wrong. Problem 11-2A (Pa.pdf
Please help, I cant figure out what I did wrong. Problem 11-2A (Pa.pdf
Problems Problem 14-4AFinancial information for Ernie Bisho.docx
Problems Problem 14-4AFinancial information for Ernie Bisho.docx
1Exercise 8-4The ledger of Wainwright Company at the end of the cu.docx
1Exercise 8-4The ledger of Wainwright Company at the end of the cu.docx
More from feelinggift
A) Which of the following element is seen in all organic molecules Si.pdf
A) Which of the following element is seen in all organic molecules Silicon. B) C) Nitrogen. D)
Sodium E) Carbon organic molecules display a great deal of complexity and variations this is
due to A) The complex interaction carbon creates with water B) The large number of rare
elements that form functional groups in organic molecules. C) The fact that only living
organisms can form these atypical bonds in carbon E) versatility in the types chemical bonds and
chemical partners that carbon atoms can make, Their y large sizes 3, organisms of same species
onen have limited difference while member of different A) The use of species have many
differences, these differences are do to? B) completely different elements for composing
molecules from organism to organism. C) Differences in the types and relative amounts of
organic molecules synthesized by each organism. The use of different types of bonds within
carbon molecules between each organism. D) The relative sizes of organic between organisms,
the more complex the organism th large organic molecules become. E) The use of different
inorganic compounds with in each organism. 4. In order for carbon to have completely filled
orbital shells stabilizing the shells how many pairs of electron bonds carbon does carbon form in
order to complete its valence shell? A) 1 B) 2 C) 3 D) 4 E) 8 You are study a seeding-eating bird
and are following the carbon atoms in the birds organic molecules which of these statements best
describes the carbon atoms present in the bird? A) Ultimately these carbon atoms came from
carbon dioxide incorporated into sugars through photosynthesis B The inorganic carbon atoms
from the soil the bird was eating with the seeds C) The carbon atoms in CO2 the birds was
breathing. D) Inorganic carbon atoms in the seeds were incorporated into organic molecules by
the bird. E) The carbon atoms ultimately came from simple organic compounds that formed
abiotically from inorganic carbon, hydrogen, oxygen, and nitrogen atoms.
Solution
According to rules of chegg, we need to provide you with a brief explanation.So, kindly
cooperate.
Organic molecules are bio-molecules. They are produced in living organisms.It is made up of
carbon,oxygen,hydrogen and nitrogen.The molecule may be a lipid,protein,carbohydrate or
nucleic acid.
1) Carbon is seen in all organic molecules.(E)
2) The verstility in the types of chemical bonds and chemical partners carbon can make.(D)
3) differences in the types and relative amounts of organic molecules synthesized by each
organism(B)
4) It forms 4 electron bonds.(D)
5) Ultimately these carbon atoms came from carbondioxide incorporated into sugars through
photosynthesis.(A).
Given an ArrayList, write a Java method that returns a new ArrayList.pdf
Given an ArrayList, write a Java method that returns a new ArrayList which
contains only the non-duplicate elements from the original list.
import java.util.ArrayList;
public class Exercise1 {
public static void main(String[] args) {
ArrayList list = new ArrayList();
list.add(14);
list.add(24);
list.add(14);
list.add(42);
list.add(25);
ArrayList newList = removeDuplicates(list);
System.out.print(newList);
}
public static ArrayList removeDuplicates(ArrayList list) {
// Your code here!
}
Solution
HI, Please find my implementation.
Please let me know in case of any issue.
import java.util.ArrayList;
public class Exercise1 {
public static void main(String[] args) {
ArrayList list = new ArrayList();
list.add(14);
list.add(24);
list.add(14);
list.add(42);
list.add(25);
ArrayList newList = removeDuplicates(list);
System.out.print(newList);
}
public static ArrayList removeDuplicates(ArrayList list) {
ArrayList noDupList = new ArrayList<>();
// iterating over list
for(E e : list){
if(! noDupList.contains(e)) // if \'e\' is not in noDupList then add it
noDupList.add(e);
}
return noDupList;
}
}
/*
Sample run:
[14, 24, 42, 25]
*/.
Write an MSP430g2553 C program to drive a continually scrolling mess.pdf
Write an MSP430g2553 C program to drive a continually scrolling message with the following
text: Esteban Montanez Use two seven segment LED segment devices to show the text (two
characters at a time) at a reasonable reading rate.
Solution
//to blink the red LED (LED1) on the TI Launchpad
//which is attached to P1.0
//The green LED(LED2) is connected to P1.6
#include
int main(void) {
volatile int i;
// stop watchdog timer
WDTCTL = WDTPW | WDTHOLD;
// set up bit 0 of P1 as output
P1DIR = 0x01;
// intialize bit 0 of P1 to 0
P1OUT = 0x00;
// loop forever
for (;;) {
// toggle bit 0 of P1
P1OUT ^= 0x01;
// delay for a while
for (i = 0; i < 0x6000; i++);
}
}.
Which of the following is NOT a financial measurement needed to see .pdf
Which of the following is NOT a financial measurement needed to see if you are making money?
A. Net Profit
B. Throughput
C. Return on Investment
D. Cash Flow
Solution
Answer:b.throughput
Explanation:
Throughout is not a financial measurement ,it is used to measure at which organisation reaches
the given goal in a specified period of time.
Which process uses chemiosmosis A. Pyruvate oxidation B. Electron .pdf
Which process uses chemiosmosis? A. Pyruvate oxidation B. Electron transport chain C.
Citric Acid cycle D. Glycolysis E. Fermentation
Solution
Chemiosmosis is the process in which the movement of ions takes place across the
semipermeable membrane down their Electrochemical gradient.There would be generation of
ATP ( Adenosine triphosphate by the movement of ions Across the membrae.).
Hydrogen ions or protons will diffuse from a region of high proton concentration to a region of
lower concetration region and a electrochemical cocentration gradient across the membrane can
be used to make ATP. This process is related to Osmosis , the diffusion of water across the
membrane which is why it is called Chemiosmosis.
The process which uses chemiosmosis can be listed as follows. They are
1. Glycolysis
2.Citric acid cycle.
3.Electron transport chain.
4. pyruvate oxidation..
What motives do corporate executives have that force them to embrace.pdf
What motives do corporate executives have that force them to embrace continuous growth of the
organization, specifically related to revenue via census or cost containment? What would the
results be if they did not focus so much on aggressive growth but allowed the business to inflate
or deflate naturally?
Solution
Q1) Below are the motives that corporate executives possess to embrace continuous growth of
the organization -
1. To expand the footprint of the organization through internal growth strategies which include
netering new markets, creating new products etc. and external growth strategies which include
strategic alliances, joint ventures, mergers and acquisitions etc.
2. To attract shareholders and investors to invest in the firm to increase the market value of the
firm
3. To contain costs that result in increase of overall profits of the firm and stay competitive in
market place
4. To satisfy all the stakeholders which include employees, customers, public, board of directors
etc, apart from investors.
Q2) If the focus is not on aggressive growth but just to go with the flow i.e. to inflate and deflate
naturally, the firm\'s revenues remain the same and the business can be considered solely for a
constant income tha would be required to run the business rather than any expansion plans which
might be a risk for the core business..
when are business cases or project charters overkillSolutionP.pdf
when are business cases or project charters overkill?
Solution
Project charters are overkill when:
1. Scope Creep- If the project scope changes when the project has covered certain milestones.
2. Resource allocation- If the resources are not aligned as per their competency. Resource
allocation is not proper or adequate. Inadequately trained employee is a burden.
3. Timeline- If the timeline is not proper or not adhered to as per the given schedule.
4. Critical path not followed: If the critical path is not adhered to and resource is allocated to
non-critical activities..
True or False The Congressional Budget Office projects that approxi.pdf
True or False? The Congressional Budget Office projects that approximately 33.8% of the 2017
federal government tax receipts will come from social insurance taxes (Social Security,
Medicare, FUTA, etc.).
13. True or False? Self-employed individuals are exempt from social insurance taxes (Social
Security, Medicare, FUTA, etc.).
14. True or False? Once an individual reaches a certain level of year-to-date income, he/she can
stop paying Social Security tax.
15. True or False? Under the Fair Labor Standards act, nonexempt employees are entitled to
overtime pay for work in excess of 40 hours per week.
Solution
12.False,the social insurance tax was 24% of Congressional Budget of 2017 Fedral Government
Tax.
13.False,self employed individuals have to pay social insurance taxes(social
security,medicare,FUTA,etc)
14.True, once a person reaches a certain level of income he no need to pay that mandatory
contribution towards social security taxes
15.True, non exempt employees are entitled to overtime if they had work in excess of 40 hours
of work per week as per Fair Labor Sandard Act.
Using the space provided compose an ESSAY concerning the following qu.pdf
Using the space provided compose an ESSAY concerning the following question or statement.
The Hardy-Weinberg equations define the occurrence of evolution. Is the evolutionary event
macroevolution or microevolution? What conditions must exist for Hardy-Weinberg to be
functional, and why is each condition important?
Solution
Answer:
1. The Hardy-Weinberg equation can be used to determine the allele frequency in a population.
Thus, it provides a useful tool to describe the degree of microevolution that is taking place over
successive generations. Not all populations are undergoing microevolution at all times. In certain
stable environments, many populations show no evidence for microevolution. (Although if the
conditions change, then microevolution often commences.)
The conditions for equilibrium are:
1. No new mutations are occurring. Therefore, no new alleles are being created.
2. There is no migration. In other words, no one is moving into or out of the population.
3. The population is very large.
4. Mating is at random in the population. This means that individuals do not choose mates based
on genotype.
5. There is no natural selection. Thus, all members of the population have an equal chance of
reproducing and passing their genes to the next generation.
Importance of the conditions for Hardy Weinberg equilibrium:
1. Mutation: the gene pool is modified if mutations alter alleles or if entire genes are deleted or
duplicated.
2. Non-random mating: if individuals mate preferentially within a subset of the population, such
as their close relatives, random mixing of gametes does not occur, and genotype frequencies
change.
3. Natural selection: Differences in the survival and reproductive success of individuals carrying
different genotypes can alter allele frequencies.
4. Small population size: the smaller the population, the more likely it is that allele frequencies
will fluctuate by chance from one generation to the next (genetic drift).
5. Gene flow: by moving alleles into or out of populations, gene flow can alter allele frequencies..
We continually hear about interest groups in the news. Understanding.pdf
We continually hear about interest groups in the news. Understanding this, what is the
relationship between interest groups and government? How does this apply to government-
created interest groups? In addition, what are the effects of bureaucrats as interest groups? Do
you believe this crossover between bureaucrats and interest groups to be right? Please be sure to
provide specific examples in your response.
No copy and paste or screenshot pictures also please cite your sources and provide a reference.
The answer must be 2 paragraphs please write out answer no copy and Paste or screenshot
pictures !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Solution
Interest groups are policy maximisers who are generally a group of people who try to influence
the public policy with common interest or goal. These interest groups pressures elected parties to
enact legislation favourable to its causes with common interest.
Government generally does not create interest groups. The interst groups which are having
interst on government activities are called special interst interest groups. These groups have their
common interest of people and gives pressure on govenment to act favouable on peoples cause.
They try to get attention from govenment and the officials to act on the interest and needs of the
people with favorable causes.
Interest groups are also known as lobby groups who have great role in policy making of political
system and developments. Interest groups are directly influence the govenment bureaucrats in
policy making. Well financed interest groups have high influence for the political campaigns of
the various officials.
Interest groups are also influence the bureaucrats political campaign with narrow effect and
cause for the general public. Well supported interest groups financial and support of various
causes with bureaucrats also aims to get favorable legislative actions on general public needs and
interest..
View transaction list Journal entry worksheet 6 9 The company receive.pdf
View transaction list Journal entry worksheet 6 9 The company received $1,416 cash as fees for
services provided to a customer Note: Enter debits before credits Debit Credit Record entry Clear
entry View general journal of 1 E Next
Solution
The journal entry for transaction d would be
Cash ......... $1,416 (Debit)
Service Revenue ......... .... $1,416 (Credit)
(to record cash received for service rendered.
Physical security is a fundamental component of any secure infrastru.pdf
Physical security is a fundamental component of any secure infrastructure but it is the form of
network security that is most frequently overlooked. Why would that be the case? Are there
existing technologies that obviate the need for physical security?
Solution
Physical security is the protection of personnel, hardware, software, networks and data from
physical actions and events that could cause serious loss or damage to an enterprise, agency or
institution. This includes protection from fire, flood, natural disasters, burglary, theft, vandalism
and terrorism.
Physical security is often overlooked -- and its importance underestimated -- in favour of more
technical threats such as hacking, malware, and cyber espionage. However, breaches of physical
security can be carried out with brute force and little or no technical knowledge on the part of an
attacker.
Physical security has three important components: access control, surveillance and testing.
Obstacles should be placed in the way of potential attackers and physical sites should be
hardened against accidents, attacks or environmental disasters. Such hardening measures include
fencing, locks, access control cards, biometric access control systems and fire suppression
systems. Second, physical locations should be monitored using surveillance cameras and
notification systems, such as intrusion detection sensors, heat sensors and smoke detectors.
Third, disaster recovery policies and procedures should be tested on a regular basis to ensure
safety and to reduce the time it takes to recover from disruptive man-made or natural disasters.
The internet of things (IoT) is widening the sphere of physical security as smart devices
connected to business systems via the internet may be located outside of established secure
perimeters. Isolating these smart devices can\'t be achieved in the same way as those within an
organization\'s physical borders, so device location will play a key role in keeping equipment
safe, secure and fully functional in the outside world. Appropriate safeguards such as tamper-
resistant ID tags are often enough to deter the opportunist thief and can increase the chances of
an item being returned. Motion sensors, tracking signals and tamper-proof locks can provide
additional security for higher value or mission-critical devices..
TrueFalse Verilog is case-insensitive TF Verilog has constructs.pdf
True/False Verilog is case-insensitive T/F Verilog has constructs that model hardware
concurrency T/F Verilog HDL does not support hierarchical decomposition of a design T/F It is
alright to define a module within a module T/F Data-Flow constructs with delay specifications
are synthesizable T/F Short Questions Write -13.5625 as an IEEE single precision floating point
number. You may write your 32-bit answer in binary or hexadecimal, but it must conform to the
single-precision IEEE 754 floating point standard? (4) Design the hardware for a left shifter that
shifts an 8-bit number 2 bit to the left. For example if A = 00011111, A Shifted = 01111100?
Solution
Answers:
Question 1
1)False
Explanation:Verilog is a case-sensitive language. All keywords are in lowercase.
2)True
Explanation:and Verilog HDL opening concurrent contexts: Fork-Join in Verilog that are used in
modeling on to concurrent hardware
3)False
Explanation:Verilog HDL supports a top-down design approach of hierarchical decomposition
4)True
Explanation: It is safe to use nested module
5)True
Explanation: Verilog code using synthesizable constructs of the language.
Question 2
1)the decimal representation of numbers like \"-13.5625\" . The conversion is IEEE 754
Converter
Binary Representation:11000001010110010000000000000000
Hexadecimal Representation:0xc1590000.
This is a homework assignment that I have for my Java coding class. .pdf
This is a homework assignment that I have for my Java coding class. I have completed most of
the assignment, but I am having some issue. Could you find my problem and then take my code
and add the corrections to it and then display the complete code that works? I REPEAT CAN
YOU LOCATE WHY MY CODE ISN\'T WORKING AND THEN USE MY CODE AND ADD
THE CHANGES. I REPEAT CAN YOU LOCATE WHY MY CODE ISN\'T WORKING AND
THEN USE MY CODE AND ADD THE CHANGES!
I have asked this question 3 times and no one has done what I have requested. I don\'t want a
different solution to my problem. It doesn\'t take a lot of work to search chegg and then copy and
paste an answer from another question. I REPEAT CAN YOU LOCATE WHY MY CODE
ISN\'T WORKING AND THEN USE MY CODE AND ADD THE CHANGES!
Objective:
Write a game where you are an X trying to get an ice cream cone in a mine field
Before the game starts, a field of mines are created.
The board has to be first initialized
There mines occupy a tenth of the board (IE (BoardSize x BoardSize)/10 = the number of mines)
The mines are randomly placed on the board. If a space which is already occupied (either by the
player, the ice cream cone, or another mine) is selected then another space must be selected until
an empty space is found.
The player is placed at 0,0
The ice cream cone is placed at a random location on the board
At each turn, the player chooses to move in the X or Y direction by entering either -1, 0, or 1,
where
-1 is going one space in the negative direction
1 is going one space in the positive direction (remember positive for Y is down)
0 is staying still
9 quits the game
Anything other than these values should prompt the player that they have inputted an invalid
value and then not move in that direction (IE 0).
Before each turn the board is displayed indicating where the player (X) and the goal (^) are
located. Unoccupied spaces and mines are denoted by and underscore (_). Remember mines need
to be hidden so they are also underscores (_). The board is maximum 10 spaces long and wide.
Once the player reaches the ice cream cone the player wins
If the player lands on a space with a mine they are killed and the game is over
After the game is over, the player should be prompted whether or not they want to play again.
Example Dialog:
Welcome to Mine Walker. Get the ice cream cone and avoid the mines
X_________
__________
__________
__________
__________
__________
__________
__________
__________
_________^
Enter either a -1, 0, or 1 in the X or 9 to quit
1
Enter either a -1,0, or 1 in the Y
1
__________
_X________
__________
__________
__________
__________
__________
__________
__________
_________^
Enter either a -1, 0, or 1 in the X or 9 to quit
0
Enter either a -1,0, or 1 in the Y
1
__________
__________
_X________
__________
__________
__________
__________
__________
__________
_________^
Enter either a -1, 0, or 1 in the X or 9 to quit
-1
Enter either a -1,0, or 1 in the Y
1
Boom! Dead!
Would you like to play .
The Jannuschs operated Festival Foods, a busi- ness that served conc.pdf
The Jannuschs operated Festival Foods, a busi- ness that served concessions at festivals and
events throughout Illinois and Indiana from late April to late October each year. The assets of the
business included a truck and servicing trailer and equipment such as refrigerators and freezers,
roasters, chairs and tables, fountain service, and signs and lighting
equipment. Naffziger and her mother were interested in purchasing the business. They met
several times with the Jannuschs and observed the business in op- eration. According to Mr.
Jannusch, the parties had entered into an oral agreement on August 13, 2005, to sell Festival
Foods to the Naffzigers for $150,000. For the $150,000, the Naffzigers would receive the truck
and trailer, all necessary equipment, and the op- portunity to work at event locations secured by
the Jannuschs. The Naffzigers paid $10,000 immediately, with the balance to be paid when they
received their loan money from the bank. The Naffzigers took pos- session of Festival Foods the
next day and operated Festival Foods for the remainder of the 2005 season. The insurance and
titles to the truck and trailer re- mained in Mr. Jannusch’s name because he had not yet received
the purchase price from the Naffzigers. Naffziger acknowledged that an oral agreement to
purchase Festival Foods for $150,000 existed but stated that she could not recall specifically
making an oral agreement on any particular date. The parties agreed that the Naffzigers would
run Festival Foods as they pursued buying the business. The Naffzigers took possession of
Festival Foods, receiving the in- come from the business, purchasing inventory, re- placing
equipment, paying taxes on the business, and paying employees. The income from Festival
Foods was lower than the Naffzigers expected, and two days after the business season ended,
they returned Festival Foods to the storage facility where Mr. Jannusch had stored it in the past.
The Jannuschs brought an action for breach of an oral contract against the Naffzigers. The
Naffzigers claimed that the deal was not suffi- ciently definite to be enforceable. Are they
correct?
Solution
In this case the Jannuschs and the Naffzigers entered into an oral agreement, whereby the festival
food business owned by the Jannuschs will be purchased by the Naffzigers for $150,000. This
oral agreement was reasonable, and made in good faith by both the parties. The verbal agreement
involved an offer (by the Naffzigers) and an acceptance (by the Jannuschs). There was mutual
consideration present in the case as well - the Naffzigers had paid a downpayment of $10,000,
took possession of the Festival Foods and operated it for what was left for the 2005 season.
So, the Naffzigers are not correct when they say that the deal was not sufficiently definite to be
enforceable. This agreement is enforceable..
The first thermodynamic law for a system of charged molecules in elec.pdf
The first thermodynamic law for a system of charged molecules in electric field reads dU = TdS
- pdV + mu dn + psi dq where q is the charge of the molecules. Hence U = U(S, V, n, q). Find
an alternative thermodynamic function F that has natural variables T, V, n, and psi, F = F(T, V,
n, psi).
Solution
Helmholtz function can be defined as
F = U-TS
OR
dF = dU-TdS-SdT
= TdS-pdV+dn+dq-TdS-SdT.
show all of your work to arrive a final result Simple Interest Simpl.pdf
show all of your work to arrive a final result Simple Interest Simple Interest, I = P *n * 1 I-
Simple Interest P Principal (amount borrowed or lent) Final Amount, F P-P Pni n-number of
interest periods i- simple interest rate Compound Interest Factors 1interest rate n = number of
interest (compounding) periods P- present sum (initial principal amount) (F/P): Algebraic
Notation: FP(1 i)\" A- an equal periodic amount (uniform series) F-a future sum (P/F): Algebraic
Notation: P F(1 i) (A/F): Algebraic Notation: A F (AP): Algebraic Notation : A- (A/G):
Algebraic Notation: G (P/G): Algebraic Notation: G2 Factor Notation: F - P(F/P i, n Factor
Notation: P -F(P/F i,n A A(F/A i, n (F/A): Algebraic Notation: F Factor Notation: F Factor
Notation: A-F(A/F i,n (P/A): Algebraic Notation: P A (P/A): Algebraic Notation: PAR Factor
Notation: PA(P/A i,n Factor Notation: A -P(A/P i,n (NG): Factor Notation : A A1 ± G(A/G í, n)
A1 Constant amount G-Gradient amount (P/G): Factor Notation: A1(P/A i,n)t G(P/G i, n)
Interest Rate Conversion: 7 Effective Interest Rate, i - Effective Annual Interest rate, ( 1 +
Nominal Interest Rate, rc(1 + i)c) - 1 Continuous Interest Factors: Pe\" PF/P i, n] (F/P):
Algebraic Notation: F (P/F): Algebraic Notation: P- F (A/F): Algebraic Notation: A F (A/P):
Algebraic Notation: A P Factor Notation: F Factor Notation: PFP/F i,n (F/A): Algebraic
Notation: FAT (em-1) Factor Notation: F -A|F/A i,n Factor Notation: A- F[A/Fi,n (1 71 (P/A):
Algebraic Notation: P-A Factor Notation: P A[P/A i, n Factor Notation: A = P [A/P i, n
Solution
In both the cases, the amount deposited in the bank (P) = $5000 and the time is 6 years.
a) When the interest is compounded quarterly, the formula of the Amount (A) is:
A = P{1+ (r/n)}nt where r is the interest rate, n is the number of times interest is compounded
per year and t is the time in years.
Here t=6 years, n= 4 and r = 12% p.a or 12/100 = 0.12.
Therefore, A = 5000 (1+(0.12/4)4*6
A = $10,163.97
Thus the interest received when interest is compounded quarterly is $10163.97-$5000 =
$5163.97
b) When the interest is compounded continuously, the formula of the Amount (A) is:
A = P*ert where r is the interest rate and t is the time in years.
For this example r = 10% or 10/100 = 0.10.
Therefore, A = 5000*e(0.10*6)
Or A = $9110.59
Therefore the interest received when interest is compounded continuously is $9110.59 - $5000 =
$4110.59.
Terms from which students can chooseMacrophages; •Only one.pdf
Terms from which students can choose
Macrophages; •Only one type; •Farmer’s lung; •Granulomas; •increased; •Late; •Early;
•Decreased; •Caseations; •Inorganic; •Silicosis; •All types; •Organic;
Fill-in-the-Blanks:
Signs and symptoms of pneumoconiosis typically appear _____________ in the disease.
Pneumoconiosis are caused by inhaled ____________ particles.
The immune system is involved in _________________ of fibrotic interstitial lung disease.
Sarcoidosis involves multiple ______________ in the lungs, lymph nodes, and other organs.
Enzymes secreted by alveolar ________________ damage alveoli and trigger fibrosis in
pneumoconiosis.
Fibrotic interstitial lung diseases are characterized by _____________ residual volume.
______________ is a pneumoconiosis.
Hypersensitivity pneumonitis is caused by inhaled ________________ particles.
_________________ is a hypersensitivity pneumonitis.
Terms from which students can choose
Macrophages; •Only one type; •Farmer’s lung; •Granulomas; •increased; •Late; •Early;
•Decreased; •Caseations; •Inorganic; •Silicosis; •All types; •Organic;
Fill-in-the-Blanks:
Signs and symptoms of pneumoconiosis typically appear _____________ in the disease.
Pneumoconiosis are caused by inhaled ____________ particles.
The immune system is involved in _________________ of fibrotic interstitial lung disease.
Sarcoidosis involves multiple ______________ in the lungs, lymph nodes, and other organs.
Enzymes secreted by alveolar ________________ damage alveoli and trigger fibrosis in
pneumoconiosis.
Fibrotic interstitial lung diseases are characterized by _____________ residual volume.
______________ is a pneumoconiosis.
Hypersensitivity pneumonitis is caused by inhaled ________________ particles.
_________________ is a hypersensitivity pneumonitis.
Terms from which students can choose
Macrophages; •Only one type; •Farmer’s lung; •Granulomas; •increased; •Late; •Early;
•Decreased; •Caseations; •Inorganic; •Silicosis; •All types; •Organic;
Fill-in-the-Blanks:
Signs and symptoms of pneumoconiosis typically appear _____________ in the disease.
Pneumoconiosis are caused by inhaled ____________ particles.
The immune system is involved in _________________ of fibrotic interstitial lung disease.
Sarcoidosis involves multiple ______________ in the lungs, lymph nodes, and other organs.
Enzymes secreted by alveolar ________________ damage alveoli and trigger fibrosis in
pneumoconiosis.
Fibrotic interstitial lung diseases are characterized by _____________ residual volume.
______________ is a pneumoconiosis.
Hypersensitivity pneumonitis is caused by inhaled ________________ particles.
_________________ is a hypersensitivity pneumonitis.
Solution
Answers
1.late
2. Inorganic
3. Macrophages
4. granulomas
5. Decreased
6. increased
7. Silicosis
8. Organic
9. Farmer\'s lung.
Simulate the Stakeholder deliverable for the development of an onlin.pdf
Simulate the Stakeholder deliverable for the development of an online banking website by
identifying the possible stakeholders and their desires and give objectives, possible conflicts, and
rank importance of certain aspects (cost, functionality, etc.) to each stakeholder.
Solution
possibile conflicts :.
I want to write this program in java.Write a simple airline ticket.pdf
I want to write this program in java.
Write a simple airline ticket reservation program in java.The program should display a menu
with the following options: reserve a ticket, cancel a reservation, check whether a ticket is
reserved for a particular person, and display the passengers. The information is maintained on an
alphabetized linked list of names. In a simpler version of the program, assume that tickets are
reserved for only one flight. In a fuller version, place no limit on the number of flights. Create a
linked list of flights with each node including a pointer to a linked list of passengers.
Solution
package elastic5.elastic5;
import java.awt.EventQueue;
import java.awt.event.ActionEvent;
import java.awt.event.KeyEvent;
import java.io.IOException;
import javax.swing.ImageIcon;
import javax.swing.JFrame;
import javax.swing.JMenu;
import javax.swing.JMenuBar;
import javax.swing.JMenuItem;
import elastic5.elastic5.ttt.Console;
public class AirlineRes extends JFrame {
static final int MAX_SEATS = 8;
String[] seats = new String[MAX_SEATS];
public AirlineRes() {
initUI();
}
private void initUI() {
createMenuBar();
setTitle(\"airline ticket reservation\");
setSize(300, 200);
setLocationRelativeTo(null);
setDefaultCloseOperation(EXIT_ON_CLOSE);
}
private void createMenuBar() {
JMenuBar menubar = new JMenuBar();
ImageIcon icon = new ImageIcon(\"exit.png\");
JMenu file = new JMenu(\"File\");
file.setMnemonic(KeyEvent.VK_F);
JMenuItem eMenuItem = new JMenuItem(\"Exit\", icon);
eMenuItem.setMnemonic(KeyEvent.VK_E);
eMenuItem.setToolTipText(\"Exit application\");
eMenuItem.addActionListener((ActionEvent event) -> {
System.exit(0);
});
file.add(eMenuItem);
//reserve a ticket, cancel a reservation, check whether a ticket is reserved for a particular person,
and display the passengers
JMenuItem eMenuItem1 = new JMenuItem(\"Reserve Ticket\", icon);
eMenuItem1.setMnemonic(KeyEvent.VK_E);
eMenuItem1.setToolTipText(\"Book Ticket\");
eMenuItem1.addActionListener((ActionEvent event) -> {
String[] seats = new String[MAX_SEATS]; // the passenger list
initializeSeats(seats);
makeReservation(seats);
System.out.println(\"book ticket\");
});
file.add(eMenuItem1);
JMenuItem eMenuItem2 = new JMenuItem(\"cancel a reservation\", icon);
eMenuItem2.setMnemonic(KeyEvent.VK_E);
eMenuItem2.setToolTipText(\"cancel a reservation\");
eMenuItem2.addActionListener((ActionEvent event) -> {
try {
String[] seats = new String[MAX_SEATS]; // the passenger list
initializeSeats(seats);
cancelReservation(seats);
} catch (Exception e) {
// TODO Auto-generated catch block
e.printStackTrace();
}
System.out.println(\"cancel a reservation\");
});
file.add(eMenuItem2);
JMenuItem eMenuItem3 = new JMenuItem(\"check whether a ticket is reserved for a particular
person\", icon);
eMenuItem3.setMnemonic(KeyEvent.VK_E);
eMenuItem3.setToolTipText(\"check whether a ticket is reserved for a particular person\");
eMenuItem3.addActionListener((ActionEvent event) -> {
System.out.println(\"check wheth.
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- 1. Kerry Manufacturing Company is a German subsidiary of a U.S. company. Kerry records its operationsand prepares financial statements in euros. However, its functional currency is the British pound.Kerry was organized and acquired by the U.S. company on June 1, 20X4. The cumulative translationadjustment as of December 31, 20X6, was $79,860. The value of the subsidiary's retained earnings expressedin British pounds and U.S. dollars as of December 31, 20X7, was 365,000 pounds and $618,000, respectively.On March 1, 20X7, Kerry declared a dividend of 120,000 euros. The trial balance of Kerry in euros as ofDecember 31, 20X7, is as follows:DebitCreditCash240,000Accounts Receivable (net)2,760,000Inventory (at cost)3,720,000Marketable Securities (at cost)2,040,000Prepaid Insurance210,000Depreciable Assets8,730,000Accumulated Depreciation1,417,000Cost of Goods Sold17,697,000Selling, General, and Administrative Expense4,762,000Sales Revenue26,430,000Investment Income180,000Accounts Payable2,120,000Unearned Sales Revenue960,000Loans and Mortgage Payable5,872,000Common Stock1,500,000Paid-in Capital in Excess of Par210,000Retained Earnings1,470,000 Total40,159,00040,159,000The marketable securities were acquired on November 1, 20X6, and the prepaid insurance was acquired onDecember 1, 20X7. The cost of goods sold and the ending inventory are calculated by the weighted-averagemethod.The following items are measured in pound at the December 31, 20x7.EurosPoundsAccumulated depreciationDepreciable Assets8,730,0002,671,380Cost of Goods Sold17,697,0005,262,294Selling, General, Admin. Expense4,762,0001,415,886Accumulated Depreciation1,417,000773,915Sales Revenue26,430,0007,866,030On November 1, 20X6, Kerry received a customer prepayment valued at 3,000,000 euros. On February 1,300000020X7, 2,040,000 euros of the prepayment was earned. The balance remains unearned as of December 31,204000020X7.960000Relevant exchange rates are as follows:Pounds/Euro$/PoundJune 1, 20X40.31$1.60March 1, 20X60.3$1.64November 1, 20X60.305$1.65December 31, 20X60.31$1.68February 1, 20X70.302$1.67March 1, 20X70.3$1.66December 1, 20X70.29$1.64December 31, 20X70.288$1.6420X7 average0.297$1.66Required:Prepare a remeasured and translated trial balance of the Kerry ManufacturingCompany as of December 31, 20X7.ANS:Kerry Manufacturing CompanyTrial Balance TranslationDecember 31, 20X7RelevantRelevantExchangeExchangeBalance inRateBalance inRateBalance inAccountEuros(Pds/Euros)Pounds($/Pds)DollarsCash240,000Accounts Receivable (net)2,760,000Inventory (at cost)3,720,000Marketable Securities (at cost)2,040,000Prepaid Insurance210,000Depreciable Assets8,730,000Cost of Goods Sold17,697,000Selling, General, Admin. Expense4,762,000Exchange LossTotal Debits40,159,00012,183,00120,117,316Accumulated Depreciation1,417,000Sales Revenue26,430,000Investment Income180,000Accounts Payable2,120,000Unearned Sales
- 2. Revenue960,000Loans and Mortgage Payable5,872,000Common Stock1,500,000Paid-in Capital in Excess of Par210,000Retained Earnings1,470,000Cumulative Translation Adjustment0- 19,392Total Credits40,159,00012,183,00120,117,316Kerry Manufacturing Company is a German subsidiary of a U.S. company. Kerry records its operationsand prepares financial statements in euros. However, its functional currency is the British pound.Kerry was organized and acquired by the U.S. company on June 1, 20X4. The cumulative translationadjustment as of December 31, 20X6, was $79,860. The value of the subsidiary's retained earnings expressedin British pounds and U.S. dollars as of December 31, 20X7, was 365,000 pounds and $618,000, respectively.On March 1, 20X7, Kerry declared a dividend of 120,000 euros. The trial balance of Kerry in euros as ofDecember 31, 20X7, is as follows:DebitCreditCash240,000Accounts Receivable (net)2,760,000Inventory (at cost)3,720,000Marketable Securities (at cost)2,040,000Prepaid Insurance210,000Depreciable Assets8,730,000Accumulated Depreciation1,417,000Cost of Goods Sold17,697,000Selling, General, and Administrative Expense4,762,000Sales Revenue26,430,000Investment Income180,000Accounts Payable2,120,000Unearned Sales Revenue960,000Loans and Mortgage Payable5,872,000Common Stock1,500,000Paid-in Capital in Excess of Par210,000Retained Earnings1,470,000 Total40,159,00040,159,000The marketable securities were acquired on November 1, 20X6, and the prepaid insurance was acquired onDecember 1, 20X7. The cost of goods sold and the ending inventory are calculated by the weighted-averagemethod.The following items are measured in pound at the December 31, 20x7.EurosPoundsAccumulated depreciationDepreciable Assets8,730,0002,671,380Cost of Goods Sold17,697,0005,262,294Selling, General, Admin. Expense4,762,0001,415,886Accumulated Depreciation1,417,000773,915Sales Revenue26,430,0007,866,030On November 1, 20X6, Kerry received a customer prepayment valued at 3,000,000 euros. On February 1,300000020X7, 2,040,000 euros of the prepayment was earned. The balance remains unearned as of December 31,204000020X7.960000Relevant exchange rates are as follows:Pounds/Euro$/PoundJune 1, 20X40.31$1.60March 1, 20X60.3$1.64November 1, 20X60.305$1.65December 31, 20X60.31$1.68February 1, 20X70.302$1.67March 1, 20X70.3$1.66December 1, 20X70.29$1.64December 31, 20X70.288$1.6420X7 average0.297$1.66Required:Prepare a remeasured and translated trial balance of the Kerry ManufacturingCompany as of December 31, 20X7.ANS:Kerry Manufacturing CompanyTrial Balance TranslationDecember 31, 20X7RelevantRelevantExchangeExchangeBalance inRateBalance inRateBalance inAccountEuros(Pds/Euros)Pounds($/Pds)DollarsCash240,000Accounts Receivable (net)2,760,000Inventory (at cost)3,720,000Marketable Securities (at cost)2,040,000Prepaid Insurance210,000Depreciable Assets8,730,000Cost of Goods Sold17,697,000Selling, General, Admin. Expense4,762,000Exchange LossTotal
- 3. Debits40,159,00012,183,00120,117,316Accumulated Depreciation1,417,000Sales Revenue26,430,000Investment Income180,000Accounts Payable2,120,000Unearned Sales Revenue960,000Loans and Mortgage Payable5,872,000Common Stock1,500,000Paid-in Capital in Excess of Par210,000Retained Earnings1,470,000Cumulative Translation Adjustment0- 19,392Total Credits40,159,00012,183,00120,117,316 Solution Trial balance of Kerry Manufacturing Company Accounts Balance in Euros Relevant exchange rate (Pds/Euros) Balance in Pounds Relevant exchange rate ($/Pds) Balance in Dollars Cash 240000 0.288 69120 1.64 113356.8 Accounts receivable (Net) 2760000 0.288 794880 1.64 1303603 Inventory at cost 3720000 0.297 1104840 1.66 1834034 Marketable securities at cost 2040000 0.305
- 4. 622200 1.65 1026630 Prepaid insurance 210000 0.29 60900 1.64 99876 Depreciable assets 8730000 0.288 2514240 1.64 4123354 Costs of goods sold 17697000 0.297 5256009 1.66 8724975 Selling, general and administrative exp. 4762000 0.297 1414314 1.66 2347761 Exchange loss 6399 Total debits 40159000 11842902 19573590 Accumulated depreciation 1417000 0.288
- 5. 408096 1.64 669277.4 Sales revenue 26430000 0.297 7849710 1.66 13030519 Investment income 180000 0.297 53460 1.66 88743.6 Accounts payable 2120000 0.288 610560 1.64 1001318 Unearned sales revenue 960000 0.288 276480 1.64 453427.2 Loans and mortgage payable 5872000 0.288 1691136 1.64 2773463 Common stock 1500000 0.31
- 6. 465000 1.6 744000 Paid in capital in excess of par 210000 0.31 65100 1.6 104160 Retained earnings 1470000 0.288 423360 1.64 694310.4 Cumulative translation Adjustments 14371.5 Total credits 40159000 11842902 19559219 Trial balance of Kerry Manufacturing Company Accounts Balance in Euros Relevant exchange rate (Pds/Euros) Balance in Pounds Relevant exchange rate ($/Pds) Balance in Dollars Cash 240000 0.288 69120 1.64 113356.8 Accounts receivable (Net)
- 7. 2760000 0.288 794880 1.64 1303603 Inventory at cost 3720000 0.297 1104840 1.66 1834034 Marketable securities at cost 2040000 0.305 622200 1.65 1026630 Prepaid insurance 210000 0.29 60900 1.64 99876 Depreciable assets 8730000 0.288 2514240 1.64 4123354 Costs of goods sold 17697000 0.297 5256009 1.66 8724975 Selling, general and administrative exp.
- 8. 4762000 0.297 1414314 1.66 2347761 Exchange loss 6399 Total debits 40159000 11842902 19573590 Accumulated depreciation 1417000 0.288 408096 1.64 669277.4 Sales revenue 26430000 0.297 7849710 1.66 13030519 Investment income 180000 0.297 53460 1.66 88743.6 Accounts payable 2120000 0.288 610560 1.64 1001318 Unearned sales revenue
- 9. 960000 0.288 276480 1.64 453427.2 Loans and mortgage payable 5872000 0.288 1691136 1.64 2773463 Common stock 1500000 0.31 465000 1.6 744000 Paid in capital in excess of par 210000 0.31 65100 1.6 104160 Retained earnings 1470000 0.288 423360 1.64 694310.4 Cumulative translation Adjustments 14371.5 Total credits 40159000 11842902 19559219