caswell company is contemplating the purchase of labelle company as of january 1 2016 labelle company has provided the following current balance sheet

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The following information exists relative to balance sheet accounts:
a. The inventory has a fair value of $200,000.
b. The land is appraised at $100,000 and the building at $600,000.
c. The 9% bonds payable have five years to maturity and pay annual interest each December 31. The current interest rate for similar bonds is 8% per year.
d. It is likely that there will be a payment for goodwill based on projected income in excess of the industry average, which is 10% on total assets. Caswell will project the average past five years operating income and will pay for excess income based on an assumption of a 5-year life and a risk rate of return of 16%. The past five years net incomes for LaBelle are as follows:
2011 ……….. $120,000
2012 ……….. 140,000
2013 ……….. 150,000
2014 ……….. 200,000 (includes$40,000 extraordinary gain)
2015 ……….. 180,000
Required
1. Provide an estimate of fair value for the bonds and for goodwill.
2. Using the values derived in part (1), record the acquisition on the Caswell books.

leslie participates in ibos nonqualified deferred compensation plan for 2016 she is deferring 10 percent of her 300000 annual sal

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a. Assuming Leslie’s marginal tax rate in 10 years when she receives the distribution is 33 percent, what is Leslie’s after-tax accumulation on the deferred compensation?

statistics: popular magazines rank colleges and universities on their “academic quality” in serving undergraduate students. list five variables that you would…

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statistics: popular magazines rank colleges and universities on their “academic quality” in serving undergraduate students. list five variables that you would like to see measured for each college if you were choosing where to study. identify each variable as categorical or quantitative.

might a legal issue arise if a code went badly and there were a question about the use of outdated…

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might a legal issue arise if a code went badly and there were a question about the use of outdated medications

the statement of financial position of bagley incorporated as at july 31 year 4 is as follows

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On August 1, Year 4, the directors of Bagley considered a takeover offer from Davis Inc., whereby the corporation would sell all of its assets and liabilities. Davis’s costs of investigation and drawing up the merger agreement would amount to $19,500.
Required:
(a) Assume that Davis made a $1,040,000 cash payment to Bagley for its net assets. Prepare the journal entries in the accounting records of Davis to record the business combination.
(b) Assume that Davis issued 130,000 ordinary shares, with a market value of $8 per share, to Bagley for its net assets. Legal fees associated with issuing these shares amounted to $6,500 and were paid in cash. Davis had 150,000 shares outstanding prior to the takeover.
(i) Prepare the journal entries in the records of Davis to record the business combination.
(ii) Prepare the statement of financial position of Bagley immediately after the sale.

OPERATIONS MANAGEMENT HW HELP – 3 Questions

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Attached are the questions.

 

 

Light case

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Turn in your answers to the following problems below.  As always, make sure to show all of your work.

1.  The so-called “hydrogen alpha (Ha) line” is a specific wavelength of red light caused by excited atomic hydrogen.  It is frequently used when studying the Sun.  The wavelength of Ha is 656.3 nm, or 656.3*10-9 m.  The speed of light in vacuum is 3*108 m/s.  What is the frequency ( in units of cycles per second, or 1/s) of Ha in vacuum?

2.  Light is incident at angle A from a media with n = 1.5 to one with n = 2.0 as shown in the figure. What is the minimum value for A so that there is total internal reflection at point P, which is at the interface between the n = 2 and n = 1 materials?

 

 

3.  An object of height 5 cm is placed 30 cm in front of spherical concave mirror. If the image is real and 10 cm high, what is the radius of curvature of the mirror?

4.  The so-called “lensmakers equation” is shown below.  The focal length of the lens (in cm) is f.  The constant n is the index of refraction of the glass, relative to the medium around it (which is just the listed value of n unless the lens is submerged in water, or some other liquid).  R1 and R2 are the radii of curvature of the two sides of the lens.  The value of R for a side is considered to be positive if that side is convex;  otherwise, it is negative.  If the lens is flat on one side, the value of R for that side is infinite, and the ratio (1/R) is equal to zero. 

Assume the lens is biconvex;  that is, that both sides are convex.  The radii of curvature are both 20 cm.  The coefficient of refraction is 1.40.  What is the focal length of the lens, in cm?

5.  The index of refraction of a glass varies with the wavelength of the light passing through it.  This has important consequences for the design of optical instruments.  A type of glass known as “extra-dense flint” has an n = 1.7378 for blue light, and an n of 1.7130 for red light.  Calculate the focal length of the lens above, for both red and blue light. 

You will find that red and blue light form images at slightly different distances from the lens. This results in a blurred image.  The problem is solved by using systems of lenses composed of glasses having different indices of refraction, and different radii of curvature.  Such systems are called either achromatic or apochromatic, depending upon the degree of correction.  Designing such a system is a non-trivial exercise, and is beyond the scope of this course.

Case Assignment Expectations:

In general, Cases are expected to possess the attributes of precision, clarity, breadth, depth, and critical thinking.  Not all of these are relevant to the answer to every problem in the case.  When it is relevant, the evidence for each attribute is as follows.

  • Precision:  Numerical answers are calculated correctly, to the correct number of significant figures.
  • Clarity:  The problem is restated in its simplest form.  Relevant variables are identified.  Formulas are algebraically rearranged, as necessary.  All the mathematical steps are shown, in logical order.
  • Breadth:  Where discussion is required, the question is placed in context.  Alternatives are considered.
  • Depth:  Where discussion is required, the question is examined in detail.  No relevant aspect of the question is omitted.
  • Critical thinking:  The correct analytical approach is selected.  Relevant data areidentified and irrelevant data are ignored.  When required, the practical importance of the principle or phenomenon is accurately described.
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in quadrilateral ABCD, AB is congruent to AD, and BC is congruent to CD

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in quadrilateral ABCD, AB is congruent to AD, and BC is congruent to CD

dawn taylor is currently employed by the state chamber of commerce while she enjoys the relatively short workweeks she eventually woul/

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Working together, Dawn and Linda made the following five-year income and loss projections for CTC. They anticipate the business will be profitable and that it will continue to grow after the first five years.
Cool Touch Cookware
5-Year Income and Loss Projections
Year…………..Income (Loss)
1………………….. ($200,000)
2…………………… ($80,000)
3 ……………………($20,000)
4……………………….$60,000
5……………………..$180,000
With plans for Dawn and Linda to spend a considerable amount of their time working for and managing CTC, the owners would like to develop a compensation plan that works for all parties. Down the road, they plan to have two business locations (in different cities). Dawn would take responsibility for the activities of one location and Linda would take responsibility for the other. Finally, they would like to arrange for some performance-based financial incentives for each location.
To get the business activities started, Dawn and Linda determined CTC would need to borrow $800,000 to purchase a building to house its manufacturing facilities and its administrative offices (at least for now). Also in need of additional cash, Dawn and Linda arranged to have CTC borrow $300,000 from a local bank and to borrow $200,000 cash from Mike. CTC would pay Mike a market rate of interest on the loan but there was no fixed date for principal repayment.
Required:
Identify significant tax and nontax issues or concerns that may differ across entity types and discuss how they are relevant to the choice of entity decision for CTC.

record each of the following transactions in general journal form and then show the effect of the transaction in a horizontal statements model the first transaction is shown as an example

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a. Performed $8,200 of services on account.
b. Collected $5,600 cash on accounts receivable.
c. Paid $1,450 cash in advance for an insurance policy.
d. Paid $400 on accounts payable.
e. Recorded the adjusting entry to recognize $300 of insurance expense.
f. Recorded the adjusting entry to recognize $200 accrued interest revenue.
g. Received $1,600 cash for services to be performed at a later date.
h. Purchased land for $9,000 cash.
i. Purchased supplies for $350 cash.