1. The equipment has a delivered cost of $205,000. An additional $4,000 is required to install and test the new system. 2. The new pumping system is classified by the IRS as 5-year property, although it has an 8-year estimated service life. For assets classified by the IRS as 5-year property, the Modified Accelerated Cost Recovery System (MACRS) permits the company to depreciate the […]

B-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Mobile to issue 70,000 shares of 5%, $100-par preferred stock, and 110,000 shares of no-par common stock.  B-Mobile completed the following transactions:    Oct 2   Issued 19,000 shares of common stock for equipment with a market value of $110,000.        6   Issued […]

Assignment 1: Required Assignment 2—The Case For, or Against, New Orleans Sometimes one’s choices may involve catastrophic decisions and bear great risk and yet there can be no clear answer. For example, if a person gets a divorce, shutters a plant, sells a losing investment, or closes their business, will he or she be better off? The following case incorporates nearly all of the material […]

(2) INDIVIDUAL ASSIGNMENTS: must view and do a synopsis of a Social Problems documentaries…   1-The Coffee Go-Round (6:09)   Coffee growers in poor rural areas are paid very little for their crop. What strategies are proposed in this clip for changing that situation? Now that you know something about the “sociology of coffee” and globalization, will your own consumption habits change at all? In […]

Assignment 2: LASA 1: The Costs of Production Joseph Farms, Inc. is a small firm in the agricultural industry. They have asked you to help them complete the limited data they have gathered in an effort to enable effective decision-making. Some work can be done using MS Excel but it must be copied to an MS Word file for the final submission of this assignment. To assist Joseph […]

E7-4B (Determine Ending Accounts Receivable) Your accounts receivable clerk, Ms. Oommen, to whom you pay a salary of $6,500 per month, has just purchased a new Cadillac. You decided to test the accuracy of the accounts receivable balance of $87,000 as shown in the ledger. The following information is available for your first year in business. (1) Collections from customers           […]

I am looking for the Entire course on Psychology….(well from week 3 on,) below is the curriculum required.    The DQs  WK 3 DQ 1-Shaping and Chaining, Reinforcement Schedules, and One-Trial Learning Define and provide a research example of each of the following: shaping and chaining, reinforcement schedules, and one-trial learning. WK 3 DQ 2-Explain the Role of Memory in Learning Watch the following videos […]

Wiley AssignmentBrief Exercise 14­6On January 1, 2013, JWS Corporation issued $649,000 of 7% bonds, due in 8 years. The bonds were issued for $611,190, and pay interest each July 1 and January 1. JWS uses the effective­interest method.Prepare the company’s journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Assume an effective­interest rate of 8%. (Round answers to 0 decimal places, e.g.  $38,548. Credit account titles are automatically indented when amount is entered. Do not indent manually.)No. Account Titles and Explanation Debit Credit (a) (b) (c) Exercise 14­16On January 1, 2013, McLean Company makes the two following acquisitions.1. Purchases land having a fair value of $394,000 by issuing a 5­year, zero­interest­bearing promissory note in the face amount of $663,913.2. Purchases equipment by issuing a 6%, 9­year promissory note having a maturity value of $566,000. (interest payable annually).The company has to pay 11% interest for funds from its bank.(a)(b) Record the two journal entries that should be recorded by McLean Company for the two purchases on January 1, 2013.Record the interest at the end of the first year on both notes using the effective­interest method. (Round answers to 0 decimal places, e.g. $38,548.)No. Account Titles and Explanation (a) 1. 2. Debit Credit (b) 1.2. Exercise 14­20At December 31, 2012, Redmond Company has outstanding three long­term debt issues. The first is a $2,025,300 note payable which matures June 30, 2015. The second is a $6,046,300 bond issue which matures September 30, 2016. The third is a $12,559,000 sinking fund debenture with annual sinking fund payments of $2,511,800 in each of the years 2014 through 2018.Prepare the required note disclosure for the long­term debt at December 31, 2012.Long­term Debt20132014201520162017 $$$$$ Brief Exercise 17­3Carow Corporation purchased, as a held­to­maturity investment, $72,100 of the 9%, 5­year bonds of Harrison, Inc. for $78,100, which provides a 7% return. The bonds pay interest semiannually.Prepare Carow’s journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective­interest amortization is used. (Round answers to 0 decimal places, e.g.  2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually.)No. Account Titles and Explanation Debit Credit (a)(b) Brief Exercise 17­4Hendricks Corporation purchased trading investment bonds for $52,040 at par. At December 31, Hendricks received annual interest of $2,580, and the fair value of the bonds was $49,530.Prepare Hendricks’ journal entries for (a) the purchase of the investment, (b) the interest received, and (c) the fair  value adjustment. (Credit account titles are automatically indented when amount is entered. Do not indent  manually.)No. Account Titles and Explanation Debit Credit (a)(b)(c) Problem 17­3Cardinal Paz Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions.Feb. 1, 2012 Sharapova Company common stock, $104 par, 208 shares $45,800 April 1 U.S. government bonds, 12%, due April 1, 2022, interest payable April 1 and October 1, 113 bonds of $1,000 par each 113,000 July 1 McGrath Company 12% bonds, par $53,000, dated March 1, 2012, purchased at 104 plus accrued interest, interest payable annually on March 1, due March 1, 2032 57,240 (a) Prepare entries necessary to classify the amounts into proper accounts, assuming that all the securities are classified as available­for­sale. (Credit account titles are automatically indented when amount is entered. Do  not indent manually.)Account Titles and Explanation Debit Credit (b) Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2012, using the straight­line method. (Round answers to 0 decimal places, e.g. $2,500. Credit account titles are automatically  indented when amount is entered. Do not indent manually.)Account Titles and Explanation Debit Credit (c) The fair values of the investments on December 31, 2012, were:Sharapova Company common stock $34,630 U.S. government bonds 146,910 McGrath Company bonds 59,710 What entry or entries, if any, would you recommend be made? (Round answers to 0 decimal places, e.g. $2,500.  Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (d) The U.S. government bonds were sold on July 1, 2013, for $120,100 plus accrued interest. Give the proper entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)Account Titles and Explanation Debit […]

Assignment 1: —Corporate Financial Structure Though corporate capital structure (also called capitalization) and corporate financial structure are closely related, they do have some significant differences. Financial structure is determined from the full liabilities and equity position on the firm’s balance sheet, looking at the total liabilities, both long- and short-term and the equity used to fund the organization. Whereas corporate capital structure looks at the […]

1. ________ is the management function through which managers compare present performance  to preestablished performance standards. a. Organizing b. Planning c. Controlling d. Monitoring e. Influencing 2. Which of the following is an error managers make during the controlling stage of management? a. Establishing improper communication networks b. Not exploring enough viable alternatives for reaching objectives c. Not taking the time to communicate properly with […]