Work Shown

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1. (TCO C) Barkley Corp. obtained a trade name in January 2009, incurring legal costs of $15,000. The company amortizes the trade name over 8 years. Barkley successfully defended its trade name in January 2010, incurring $4,900 in legal fees. At the beginning of 2011, based on new marketing research, Barkley determines that the fair value of the trade name is $12,000. Estimated total future cash flows from the trade name are $13,000 on January 4, 2011.
Instructions:
Prepare the necessary journal entries years ending December 31, 2009, 2010, and 2011. Show all computations.
Question 2. 2. (TCO C) It has been argued on the grounds of conservatism that all intangible assets should be written off immediately after acquisition. Discuss the accounting arguments against this treatment. (Points : 15)
Question 3. 3. (TCO D) Below are three independent situations.
– In August, 2010, a worker was injured in the factory in an accident partially as the result of his own negligence. The worker has sued Wesley Co. for $800,000. Counsel believes it is reasonably possible that the outcome of the suit will be unfavorable and that the settlement would cost the company from $250,000 to $500,000. 2. A suit of contract seeking damages of $2,400,000 was filed by an author against Greer Co. on October 4, 2010. Greer’s legal counsel believes that an unfavorable outcome is probable. A reasonable estimate of the award to the plaintiff is between $600,000 and $1,800,000. No amount within this range is a better estimate of potential damages than any other amount.
– Quinn is involved in a pending court case. Peete’s lawyers believe it is probable that Quinn will be awarded damages of $1,000,000.
Instructions:
Discuss the proper accounting treatment, including any required disclosures, situation. Give the rationale answers.
Question 4. 4. (TCO D) Grider Industries, Inc. issued $6,000,000 of 8% debentures on May 1, 2010 and received cash totaling $5,323,577. The bonds pay interest semiannually on May 1 and November 1. The maturity date on the bonds is November 1, 2018. The firm uses the effective-interest method of amortizing discounts and premiums. The bonds were sold to yield an effective interest rate of 10%.
Instructions:
Calculate the total dollar amount of discount or premium amortization during the first year (5/1/2010 through 4/30/2011) these bonds were outstanding. (Show computations and round to the nearest dollar.) (Points : 30)
Question 5. 5. (TCO D) Hurst, Inc. sold its 8% bonds with a maturity value of $3,000,000 on August 1, 2009 for $2,946,000. At the time of the sale, the bonds had 5 years until they reached maturity. Interest on the bonds is payable semiannually on August 1 and February 1. The bonds are callable at 104 at any time after August 1, 2011. By October 1, 2011, the market rate of interest has declined and the market price of Hurst’s bonds has risen to a price of 101. The firm decides to refund the bonds by selling a new 6% bond issue to mature in 5 years. Hurst begins to reacquire its 8% bonds in the market and is able to purchase $500,000 worth at 101. The remainder of the outstanding bonds is reacquired by exercising the bonds’ call feature. In the final analysis, how much was the gain or loss experienced by Hurst in reacquiring its 8% bonds? (Assume the firm used straight-line amortization.) Show calculations.

APA Requirements

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Comprehensive Product Costing
Select your favorite drink or snack item manufactured by a publicly held company. product respond to the following:
• Where is the product manufactured?
• Given the suggested retail price of the company and using a 50% markup on price at retail, determine the sell price to the distributor/merchandiser. Review the company’s overall gross margin. If the product is sold direct to the consumer you may apply the gross margin as calculated. Applying the gross margin percentage to your product sales price, infer the cost of the product. Present your calculations in a supporting table.
• Complete the same exercise competitor’s product of the same type. Present your calculations in a supporting table included in your paper.
• Comment on the differences in cost between the two competitors, and assert the reason difference (e.g., does the company compete on cost or differentiation?)
• Apply the concept of the value chain to this product. What types of costs would be relevant segment of the value chain product?
• Research a single critical ingredient of your snack and its source. Do you expect significant increases in the cost of this ingredient over the next year? Support your response with input from the commodities market or other economic data.
• What are the opportunities to offset this price increase, maintain gross margin and offer the product to consumers at the same price currently? Present your calculations in a supporting table included in your paper.
Your paper should meet the following requirements:
• 7-10 pages in length including supporting tables, not counting title and reference pages
• Cite and integrate at least three credible sources.
• Format according to the APA Requirements

Integers

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Write Pseudocode statements to Declare 4 Integers. You can decide on the variables names of each of the integers.

Then, still using Pseudocode, set the values for 3 of the integers to valid integer values of your choice. In pseudocode, set the value of the 4th integer to the sum of the other 3 integers. Finally, print the output of the summed integers.

Next, take your pseudocode and convert it to C code and demonstrate it runs properly in an online C compiler such as ideone.com or codetwist.co

 

 

Expert Answers

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1.) An anti- aircraft gun barrel and carriage, excluding ammunition, together have a mass of 40,000 kg. The gun fires a shell of mass 80 kg with a velocity of 350 ms-1. The gun cylinders exert a total recoil force of 665 KN.

Calculate: i) The velocity with which the gun begins to recoil,

ii) The distance travelled by the gun on recoil:

a) using Newton’s Second Law and suitable Kinematic relationships, and b) using an energy method. iii) The recoil time.

2. The position of a particle moving along a horizontal line is given by the equation x = 4t3 – 24t2 + 36t + 4. where x is the distance in meters from the origin to the right of the origin. Determine: (a) the times when the velocity is zero, and

(b) the acceleration when t = 1.5 s.

Also (c) Sketch the displacement-time, velocity-time and acceleration-time graphs between t = 0 s and t = 4 s.

3. A cricket ball of mass 250 g is thrown with an initial velocity of 16 ms-1 at an angle θ to the horizontal. When the ball reaches its maximum height, its kinetic energy is 16 J.

Calculate:

i. the maximum height achieved by the ball from its point of release,

ii. the initial vertical velocity of the ball,

iii. the value of θ,

iv. the speed of the ball after 1.0 s,

v. the displacement of the ball after 1.0 s,

vi. how long after the ball is thrown will it return to the ground?

vii. the horizontal distance that the ball will travel during its flight. Need the above answered within the next few hours.

Embassy Motorcycles

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Embassy Motorcycles (EM) manufacturers two lightweight motorcycles designed for easy handling and safety. The EZ-Rider model has a new engine and a low profile that make it easy to balance. The Lady-Sport model is slightly larger, uses a more traditional engine, and is specifically designed to appeal to women riders. Embassy produces the en- gines for both models at its Des Moines, Iowa, plant. Each EZ-Rider engine requires 6 hours of manufacturing time and each Lady-Sport engine requires 3 hours of manufac- turing time. The Des Moines plant has 2100 hours of engine manufacturing time avail- able for the next production period. Embassy’s motorcycle frame supplier can supply as many EZ-Rider frames as needed. However, the Lady-Sport frame is more complex and the supplier can only provide up to 280 Lady-Sport frames for the next production period. Final assembly and testing requires 2 hours for each EZ-Rider model and 2.5 hours for each Lady-Sport model. A maximum of 1000 hours of assembly and testing time are available for the next production period. The company’s accounting department projects a profit contribution of $2400 for each EZ-Rider produced and $1800 for each Lady- Sport produced.

a. Formulate a linear programming model that can be used to determine the number of units of each model that should be produced in order to maximize the total contribu- tion to profit.
b. Solve the problem graphically. What is the optimal solution? c. Which constraints are binding?