the mock corporation was formed on january 1 at december 31 william mock ceo and sole owner prepared the companys balance sheet as follows

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William is not an accountant by trade, and he believes there may be some mistakes in his balance sheet. He has provided you with the following additional information:
1. The building is William’s personal beach house. However, he plans on using it for company retreats and for hosting some large clients. He decided to list the asset and the corresponding liability for this reason.
2. The inventory was originally purchased at $12,000, but due to a recent increase in demand, he believes he could sell it for at least $35,000. He thought that $35,000 would best portray the economic reality of his inventory.
3. William included $5,000 in accounts receivable and retained earnings for a service that he will provide next year. Since he is an honest man and will provide the service, he decided to record the amount in this year’s balance sheet.
Required
Comment on what accounting assumptions or principles are violated, briefly describe how each item should be accounted for, and prepare a correct balance sheet.

how does increase in immigrant population affect supply and demand in certain goods and services?

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how does increase in immigrant population affect supply and demand in certain goods and services?

robert m and jane r brewster live at 1802 college avenue carmel in 46032 robert is age 48 and jane is age 37/

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Robert (111-11-1111) is a factory supervisor, and Jane (123-45-6789) is a computer systems analyst. The Brewsters’ Forms W-2 reflect the following information.

mario company is an 80 owned subsidiary of lois company the interest in mario is purchased on january 1 2011 for 680000 cash/

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The 2012 information shown on page 364 is available for the Lois and Mario companies.
a. Mario purchases equipment for $70,000.
b. Mario issues $350,000 of long-term bonds and later uses the proceeds to purchase a new building.
c. On January 1, 2012, Lois purchases 30% of the outstanding common stock of Charles Corporation for $230,000. This is an influential investment. Charles stockholder equity is $700,000 on the date of the purchase. Any excess cost is attributed to equipment with a 10-year life. Charles reports net income of $80,000 in 2012 and pays dividends of $25,000.
d. Controlling share of consolidated income for 2012 is $262,000; the non-controlling interest in consolidated net income is $15,000. Lois pays $100,000 in dividends in 2012; Mario pays $15,000 in dividends in 2012.
Required
Prepare the consolidated statement of cash flows for 2012 using the indirect method. Any supporting calculations (including a determination and distribution of excess schedule) should be in good form.

key figures for the recent two years of both best buy and radioshack follow/

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Required
1. Compute profit margins for
(a) Best Buy
(b) RadioShack for the two years of data shown.
2. Which company is more successful on the basis of profit margin? Explain.
3. Compute the current ratio for both years and both companies.
4. Which company has the better ability to pay short-term obligations according to the current ratio?
5. Analyze and comment on each company current ratios for the past two years.
6. How do Best Buy and RadioShack current ratios compare to their industry average ratio of 1.3?

17.4 Consider the following financial statements for BestCare HMO, a not-for-profit managed care plan:

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a. Perform a Du Pont analysis on BestCare. Assume that the industry

average ratios are as follows:

Total margin                      3.8%

Total asset turnover           2.1

Equity multiplier                 3.2

Return on equity (ROE)   25.5%

b. Calculate and interpret the following ratios for BestCare:

                                             Industry Average

Return on assets (ROA)          8.0%

Current ratio                              1.3

Days cash on hand                 41days

Average collection period        7days

Debt ratio                                       69%

Debt-to-equity ratio                      2.2

Times interest earned (TIE) ratio 2.8

Fixed asset turnover ratio            5.2

The three voter

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American democracy is celebrated globally as the example for all other democracies to model their governments upon

 

 

 

 

 

 

j s bachman owns 100 of legato corporation stock and has

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Staccato Corporation wishes to purchase, for cash, 80% of Legato stock from Mr. Bachman and then make a Sec. 338 election. Determine the following amounts resulting from the transaction and Sec. 338 election: Grossed-up basis (G), aggregated deemed sale price (ADSP), total gain (loss) recognized, tax liability, adjusted grossed-up basis (AGUB), basis of each asset after allocating the AGUB, and gain recognized by Mr. Bachman. Assume a 34% corporate tax rate, and determine the required amounts in each of the following independent situations.
a. Staccato pays $491,200 for the Legato stock.
b. Staccato pays $600,000 for the Legato stock.
c. Staccato pays $470,000 for the Legato stock.
d. Staccato pays $670,000 for the Legato stock.

English Questions.

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I need these questions answered. These questions might require you to read the poems. which can be found on the internet. Please no plagiarism. Questions are in the attached file. 

Using the table below, evaluate whether a monkey’s age in years is a function of its height in inches. Age…

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Using the table below, evaluate whether a monkey’s age in years is a function of its height in inches. Age (years) Height (inches) 2 30 3 28 4 36 5 36 6 44 A. Yes, because there are no two monkeys in this table with the same age. B. Yes, because each monkey’s height is bigger than its age. C. No, because the difference between each height is not consistent. D. No, because a 4 year old and a 5 year old monkey are both 36 inches