Monologue of the character boots and and his journey and life, from the movie Charlie and boots

Monologue of the character boots and and his journey and life, from the movie Charlie and boots

Four accounting questions

1)    Early in its fiscal year ending December 31, 2013, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on March 28 with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased for $820,000. San Antonio paid $210,000 and signed a noninterest bearing note requiring the company to pay the remaining $610,000 on March 28, 2015. An interest rate of 6% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $21,000 were paid at closing.

   

     During April, the old building was demolished at a cost of $71,000, and an additional $51,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.):

 

  

 

  May 30

$

1,350,000

 

  July 30

 

1,550,000

 

  September 1

 

960,000

 

  October 1

 

1,860,000

 


  

     San Antonio borrowed $3,000,000 at 6% on May 1 to help finance construction. This loan, plus interest, will be paid in 2014. The company also had the following debt outstanding throughout 2013:

 

  

  $2,100,000, 7% long-term note payable

  $4,100,000, 4% long-term bonds payable


  

     In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $610,000. The fair values of the equipment and the furniture and fixtures were $426,000 and $284,000, respectively. In December, San Antonio paid a contractor $290,000 for the construction of parking lots and for landscaping.

  

Required:

 

1.

Determine the initial values of the various assets that San Antonio acquired or constructed during 2013. The company uses the specific interest method to determine the amount of interest capitalized on the building construction.

Land                                      Land Improvements                           Building                 Equipment

Furniture and Fixtures

2.

How much interest expense will San Antonio report in its 2013 income statement?

 

  

 

 

 

 

 

 

 

 

 

2)    Consider each of the transactions below. All of the expenditures were made in cash.

 

1.

The Edison Company spent $30,000 during the year for experimental purposes in connection with the development of a new product.

2.

In April, the Marshall Company lost a patent infringement suit and paid the plaintiff $11,000.

3.

In March, the Cleanway Laundromat bought equipment. Cleanway paid $24,000 down and signed a noninterest-bearing note requiring the payment of $27,000 in nine months. The cash price for this equipment was $43,000.

4.

On June 1, the Jamsen Corporation installed a sprinkler system throughout the building at a cost of $46,000.

5.

The Mayer Company, plaintiff, paid $30,000 in legal fees in November, in connection with a successful infringement suit on its patent.

6.

The Johnson Company traded its old machine with an original cost of $16,400 and a book value of $8,400 plus cash of $11,600 for a new one that had a fair value of $15,400. The exchange has commercial substance.

 

Required:

 

Prepare journal entries to record each of the above transactions.

 

 

 

 

3 )     On May 1, 2013, Hecala Mining entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral mine in New Mexico for $9 million. Additional costs and purchases included the following (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.):

   

  

 

  Development costs in preparing the mine

$

2,200,000

 

  Mining machinery

 

117,000

 

  Construction of various structures on site

 

24,500

 


  

     After the minerals are removed from the mine, the machinery will be sold for an estimated residual value of $12,000. The structures will be torn down.

     Geologists estimate that 700,000 tons of ore can be extracted from the mine. After the ore is removed the land will revert back to the state of New Mexico.

     The contract with the state requires Hecala to restore the land to its original condition after mining operations are completed in approximately four years. Management has provided the following possible outflows for the restoration costs:

  

Cash Outflow

Probability

$

500,000

 

 

40

%

 

600,000

 

 

30

%

 

700,000

 

 

30

%


  

     Hecala’s credit-adjusted risk-free interest rate is 7%. During 2013, Hecala extracted 110,000 tons of ore from the mine. The company’s fiscal year ends on December 31.

  

Required:

 

1.

Determine the amount at which Hecala will record the cost of the mine.

2.

Calculate the depletion of the mine and the depreciation of the mining facilities and equipment for 2013, assuming that Hecala uses the units-of-production method for both depreciation and depletion.                        Depletion                    Depreciation of  Machinery              Depreciation of  Structures

3.

How much accretion expense will the company record in its income statement for the 2013 fiscal year?

4.

Are depletion of the mine and depreciation of the mining facilities and equipment reported as separate expenses in the income statement?

5.

During 2014, Hecala changed its estimate of the total amount of ore originally in the mine from 700,000 to 900,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2014 assuming Hecala extracted 140,000 tons of ore in 2014

Depletion                   Depreciation of Machinery                       Depreciation of Structures

4)   Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest. Three of its restaurants located in the center of a large urban area have experienced declining profits due to declining population. The company’s management has decided to test the assets of the restaurants for possible impairment. The relevant information for these assets is presented below.

 

  

  Book value

$

9.9

 million

  Estimated undiscounted sum of future cash flows

 

5.7

 million

  Fair value

 

5.2

 million


Required:

 

1.

Determine the amount of the impairment loss. (Enter your answer in millions. Round your answer to 1 decimal places.)

2.

Determine the amount of the impairment loss assuming that the estimated undiscounted sum of future cash flows is $10.2 million and fair value is $6.7 million. (Enter your answer in millions.)

 

 

 

 

 

   

 

 

 

Assignment Type: Individual Project Deliverable Length: 2 -3 Pages

Assignment Type: Individual Project Deliverable Length: 2 -3 Pages Points Possible: 145 Due Date: 4/15/2012 11:59:59 PM CT You have probably noticed in your educational career that some people are very good at remembering facts and therefore do well at tests that require memorization. Other students, on the other hand, struggle with tests that require memorization. To understand how memory works, this exercise will ask you to trace the memory system – from the stimuli to long-term memory. Use your text book and research from the Internet to learn the process of memory – from beginning to end. Your description should include the following: Identification and description of each step in the human memory model. As you describe these steps, use an example to illustrate the process. Discussion of factors that enhance or impede information flow in each step of the process Explanation of proactive and retroactive interference and how you might counteract their effects while studying in order to facilitate maximum retention via long-term memory Explanation of other kinds of forgetting and a discussion of strategies that can improve memory consolidation and retrieval This assignment will also be assessed using additional criteria provided here. Submit this in the form of a 2 -3 page paper. You can use illustrations to demonstrate the process. Be sure to document your references using the APA format

ray and chuck own 50 percent capital and profits interests in alpine properties llc alpine builds and manages r/

a. How much of each member’s loss is suspended because of the tax basis limitation?

Assignment 2: Successful Domestic Company Goes Global!

Imagine that you are the CEO of a successful domestic company. In the last 6 months, many potential clients in foreign countries have expressed a desire to conduct business with you. You know that in order for your company to grow, you will have to expand overseas. You have recently attended a local three (3)-day international trade exposition and have gathered many brochures on the foreign companies interested in doing business with your company.

After meeting with the Executive Committee of your successful domestic company, you decide that you will need to identify a minimum of two (2) countries for expansion and two (2) expatriates whom you will send into the chosen countries. The selected expatriates will learn about the countries’ cultures and business activities there. You must prepare a report for the potential employees who may want to take an overseas assignment, the Executive Committee, and the Board of Directors.

Use the Internet and Strayer Library to research possible countries for expansion. Next, conduct research on leveraging expatriates over country nationals for business overseas. Finally, research books that could help expatriates in their transition to working overseas.

Note: You may create and / or assume all necessary assumptions needed for the completion of this assignment.

Write an eight to ten (8-10) page paper in which you:

  1. Create a guide to leveraging expatriates. The guide should include four to six (4-6) sources that address benefits and challenges of sending expatriates to other countries.
  2. Examine the major benefits that this report can provide for the organization, and suggest two (2) uses for the information contained therein. Justify your response.
  3. Analyze the major factors (e.g., distance, cultural background, knowledge of the related countries, languages spoken, relatives who may live in another country, etc.) that would influence your choice of countries into which your company would expand. Recommend two (2) countries for expansion. Provide a rationale for your response.
  4. Determine three (3) criteria that you would consider when deciding which employees to send abroad. Justify your response.
  5. Propose the major methods and / or incentives you would use in order to encourage the selected employees to become expatriates. Provide a rationale for your response.
  6. Recommend one (1) strategy to ensure that both the Executive Committee and the Board of Directors are committed to the expansions. Justify your response.
  7. Recommend two (2) books that the selected expatriates should take with them when they go overseas. Provide a rationale for your response.
  8. Outline a guide for expatriates who will reside within another country for one to two (1-2) years. The related guide should cover the following topics: selecting items to pack, accommodating a vehicle (i.e., leave behind or send overseas), shipping or selling furniture, moving pets, and arranging accommodations for children and / or family residing in another country for the discussed length of time.
  9. Develop a framework for your presentation. The framework should include the following:
    1. Relevant visuals
    2. Statistics that support the decision to expand into the identified countries
    3. A feasibility study of your company’s proposed expansion to the countries in question
    4. Information related to renting or buying land or a building
    5. Any other information relevant to the case for expansion
  10. Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other similar websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Evaluate the implementation process related to strategy management.
  • Use technology and information resources to research issues in global management.
  • Write clearly and concisely about global management using proper writing mechanics.

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II essay questions

Question 11

 

Question 12

 

 

Need help today with ECO question

What are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th day? Assume that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper accept? Assuming that the beekeeper gets that amount, what range of payments will the farmer accept? (Remember that negative payments are also possible.) Answer the same question for the 5th day. 13. Some fields have large enough quantities of both oil and natural gas that coordination must be achieved for the production of both, rather than oil alone as in our examples. Will fields with both oil and gas have greater difficulties in unitization than fields with oil or gas alone? Explain.

consider the elements and indicators among reporting frameworks illustration 10 3 in illustration 10 3/

Required
(a) Describe key financial indicators given in a financial statement presented in accordance with the CICA PSA Handbook. Contrast these indicators with indicators provided in the NPO, IFRS, and ASPE frameworks.
(b) Explain why net debt, the difference between liabilities and financial assets, bears directly on future revenue requirements and acts as a constraint upon the public sector’s entity’s ability to finance its activities, as well as meeting its liabilities and future commitments.
(c) Indicate how approaches under the frameworks vary when presenting changes in assets and liabilities and what challenges this can provide to users seeking to understand the results being reported by entities using these differ ent frameworks.