ACC 545 Week 3 – On January 1, 2006, Jamona Corp. purchased 12% bonds

ACC 545 Week 3 Individual Assignment Jamona Corp. Scenario

 

  • Review the following information:

 

 

  1. On January 1, 2006, Jamona Corp. purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2006, and mature January 1, 2011, with interest receivable December 31 of each year. The company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year is as follows:

 

  • 2006 – $320,500
  • 2007 – $309,000
  • 2008 – $308,000
  • 2009 – $310,000
  • 2010 – $300,000
  1. The following information is available from Jamona’s inventory records

Units                     Unit Cost

January 1, 2007 (beginning inventory)           600                        $ 8.00

 

Purchases:

January 5, 2007                                           1,200                            9.00

January 25, 2007                                         1,300                          10.00

February 16, 2007                                          800                           11.00

March 26, 2007                                               600                          12.00

A physical inventory on March 31, 2007, shows 1,600 units on hand. Select any one of the inventory methods (LIFO, FIFO, Average Cost, or others).

 

  1. On July 6, Jamona Corp. acquired the plant assets of Berry Company, which had discontinued operations. The appraised value of the property is:

 

Land                                                 $ 400,000

Building                                           1,200,000

Machinery and equipment                         800,000

Total                                                $2,400,000

 

Jamona Corp. gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market value of $168 per share on the date of the purchase of the property.

Jamona Corp. expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building.

 

Repairs to building                                                $105,000                  

Construction of bases for machinery to be installed later       135,000

Driveways and parking lots                                                122,000

Remodeling of office space in building                                161,000

Special assessment by city on land                                 18,000

On December 20, the company paid cash for machinery, $260,000, subject to a 2% cash discount, and freight on machinery of $10,500.

  1. On January 1, 2007, Jamona Corp. signed a five-year non-cancelable lease for a machine. The terms of the lease called for Jamona to make annual payments of $8,668 at the beginning of each year, starting January 1, 2007. The machine has an estimated useful life of six years and a $5,000 un-guaranteed residual value. The machine reverts to the lessor at the end of the lease term. Jamona uses the straight-line method of depreciation for all of its plant assets. Jamona’s incremental borrowing rate is 10%, and the lessor’s implicit rate is unknown.

 

  • Prepare journal entries with appropriate supporting detailed schedules for the balance sheet items: investments, inventory, fixed assets, and capital leases.
  • Prepare appropriate note disclosures.

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ACC 211 Comprehensive Problem 5 – We Bake Perfect Pies Company (A+ SOLUTION)

We Bake Perfect Pies Company makes fruit pies using a process cost system.  The dough is made in the mixing department and then moves to the rolling department where crusts are rolled and placed into baking pans.  The pans move into the filling department where fruit is placed into the crusts.  The pies then move to the baking department.  Once the pies have been baked, they move to packaging they are boxed and then sent to Finished Goods.    During the month of October the company had sales of $83,000.  Each pie sells for $10.

Using the following information, determine the Gross Profit for the Month of October.

Mixing Department:       Beginning Balance 0

                                                Ending inventory 1000 pies at 40% completion

                                                DM used: $1000

                                                DL used: $800

                                                FOH allocated: $1200

Rolling Department:       Beginning Balance 1600 pies that were 70% completed with costs of $600

                                                Pies started: 9000

                                                Pies transferred to Filling Department:  8100

                                                Ending Inventory was 10% completed

                                                DL used: $2338

                                                FOH allocated: $2000

Filling Department:         Beginning Balance 3000 pies that were 20% completed with costs of $7500

                                                Ending inventory was 75% completed

                                                DM used: $16200

                                                DL used: $3800

                                                FOH allocated: $1975

Baking Department:       Beginning Balance 0

                                                Pies Transferred into department 7600

                                                FOH allocated: $14160

                                                Ending inventory: 1300 pies that were 60% completed

Packaging Department: Beginning Balance: 2100 pies at 20% completion with costs of $12,600

                                                Ending Inventory was 2000 pies at 90% completed

                                                DM used: $7875

                                                DL used: $1945

                                                FOH allocated: $3890

 

Finished Goods Department:  Beginning Balance: 2600 pies with costs of $15626

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You will produce a project for this assignment in which you will determine whether PowerCo (A+)

You will produce a project for this assignment in which you will determine whether PowerCo should construct a new generator to meet an expected rise in demand for power. You will arrive at your conclusions by analyzing the data below and answering a series of interrelated questions. You will present your findings and recommendations in a report, the details of which are listed below in the section “PowerCo: Your Analysis and Report.”

PowerCo, a medium-sized power company, generates and sells electricity throughout several states in the southeast United States. The company has been in business for more than 30 years and is the largest power generator in the region. The company believes that a significant increase in the demand for electricity over the next 10–12 years will cause it to be unable to meet the expected demand with its current generation capabilities.

PowerCo’s senior management believes that they must build a new generator to meet this increased demand and their Treasury department was tasked with developing the financial projections for building a new generator. Taking the expected revenues from the new facility, which were developed by the firm’s economists, and the expected costs of building the new plant, which were provided by the firm’s engineers, the Treasury department has developed financial projections to allow it to analyze the prospective investment in a new generating facility.

It is expected that building the new generator will take approximately 2 years and will remain functional for at least 10 years. While Treasury expects that the facility will continue to generate electricity for longer than 10 years, the department believes that financial projections for a period longer than 10 years are too uncertain and so has limited its estimates to 10 years of use.

 

The financial projections, given on an annual basis in after-tax dollars, are as follows (assume all cash flows occur at the end of the year):

PowerCo Analysis Questions

Your answers to the following questions will form the main body of your case analysis.

 1. What is the present value of the expected costs? Show all calculations.

 2. What is the present value of the expected after-tax cash profits? Show all calculations.

 3. What is the expected net present value (the difference between the PVs of the inflows and outflows)? Show the calculations. What does this number represent? Be detailed in your responses.

 4. What are the risks inherent in deciding to build the facility? How would each of the risks affect the decision to build the facility? Be specific.

 5. Should PowerCo build the plant? Why or why not?

Here’s the SOLUTION

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CIS 500 Assignment 3 Mobile Computing and Social Networking (A+ Solution)

Assignment 3 Mobile Computing and Social Networking

Mobile computing has dramatically changed how information is accessed and shared. Wireless networking has been an enabler of mobile computing. One profession that mobile computing has had a big impact on is health care management. Patients are now able to monitor their vital signs such as blood pressure, glucose levels, etc. without having to periodically visit a doctor’s office or hospital. There are devices such as the Withings Blood Pressure Monitor that works with an iPhone, iPod Touch, or iPad to record, track, and graph a patient’s blood pressure. There are other devices that can measure blood glucose levels, oxygen levels, heart rate, etc. and use an iPhone to send the results to a clinical server. Doctors and caregivers are then able to access the data on the clinical server.

 

According to the American College of Gastroenterology, social networking sites like Facebook, Twitter, and YouTube are used as powerful platforms to deliver and receive health care information. Patients and caregivers are increasingly going online to connect and share experiences with others with similar medical issues or concerns Patients are able to take advantage of social networks to do more than just share pictures and tweets.

 

Write a four to five (45) page paper in which you

  1. Compare and contrast monitoring of patient vital signs using mobile computing technology to inpatient visits to the doctor’s office or hospital.
  2. Analyze the advantages and disadvantages of using mobile computing technology to monitor patients.
  3. Assess the security concerns with regard to the transmission of personal medical information over wireless networks.
  4. Assess the use of social networking for group support for patients with similar medical concerns.
  5. Use at least three (3) quality resources in this assignment. Note Wikipedia and similar Websites do not qualify as quality resources.

 

Your assignment must follow these formatting requirements

  • Be typed, double spaced, using Times New Roman font (size 12), with oneinch margins on all sides; citations and references must follow APA or schoolspecific 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

  • Describe the use of network management, Web, wireless, and mobility technologies.
  • Outline the strategic implications of information assurance and security in an information technology environment.
  • Use technology and information resources to research issues in information systems and technology.
    • Write clearly and concisely about topics related to information systems for decision making using proper writing mechanics and technical style conventions.

     

    Here’s the SOLUTION

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BUS 343 International Marketing Week 3 Quiz

1. A company has four different modes of foreign market entry. Which of the following WOULD NOT be among those modes? (Points : 1)

exporting
nonequity importing
contractual agreements
strategic alliances
direct foreign investment

 

2. Which of the following is NOT one of the factors changing the way countries trade and prosper in the twenty-first century? (Points : 1)

The transition from socialist to market-driven economies.
Liberalization of trade and investment policies in developing countries.
The transfer of public-sector enterprises to the private sector.
The rapid development of regional market alliances.
The expansion of military interventions around the world.

3. South America has been the fastest-growing area in the world for the past three decades. (Points : 1)

True
False

 

4. Britain has always had an uneasy alliance with the European Economic Community (EEC) and did not want to join. What satellite group did Britain form for those countries that did not wish to join the EEC? (Points : 1)

European Freedom Fund
European Free Trade Association
The Council of Ministers
Economic and Monetary Alliance
none of the above
5. The most fully integrated form of regional cooperation is called a: (Points : 1)

political union.
common market.
regional cooperation for development (RCD).
customs union.
free trade area (FTA).

6. Patent rights, trademark rights, and the rights to use technological processes are granted in foreign licensing. (Points : 1)

True
False

 

7. The primary goal of Phase 2 of the international planning process is to: (Points : 1)

perform a preliminary analysis of a country.
perform a screen of the environment.
decide on a marketing mix adjusted to the cultural constraints.
perform a situation analysis for the country that has been selected for entry.
implement specific plans.
8. Contractual agreements serve as a means of transfer of __________ rather than _______. (Points : 1)

equity—knowledge (I accidentally selected this and cannot undo it, but I don’t not know if this is the correct answer, s
knowledge–equity
money–profit
organizational design–organizational theory
none of the above fits the sentence correctly

9. The most advanced and viable of Africa’s regional organizations is called the Southern African Development Community. (Points : 1)

True
False

 

10. The talks on One China include establishing “three direct links” referring to: (Points : 1)

education, emancipation, and equity
religion, culture, and marketing
systems, energy, and advertising
sports, education, and environmental
transportation, trade, and communications.

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Golf Challenge Corp. is retail sports store carrying golf apparel and equipment

Golf Challenge Corp. is retail sports store carrying golf apparel and equipment. The store is at the end of its second year of operation and is struggling. A major problem is that its cost of inventory has continually increased in the past two years. In the first year of operations, the store assigned inventory costs using LIFO. A loan agreement the store has with its bank, its prime source of financing, requires the store to maintain a certain profit margin and current ratio. The store’s owner is currently looking over Golf Challenge’s preliminary financial statement for its second year. The numbers are not favorable. The only way the store can meet the required financial ratios agreed on with the bank for the required bank is to change from LIFO to FIFO. The store originally decided on LIFO because its tax advantages. The owner recalculates ending inventory using FIFO and submits those numbers and statements to the loan officer at the bank for the required bank review. The owner thankfully reflects on the available latitude in choosing the inventory costing method.

1 How does Golf Challenge’s use of FIFO improve its net profit margin and current ratio?

2 Is the action by Golf Challenge’s owner ethical? Explain.

3 Identify the ethical issue in the case.

4 Identify the affected parties in the case.

5 Identify viable courses of action.

6 Make and justify recommendations for successful resolution of the ethical dilemma.

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During 2014 and 2015, Cook Co. completed the following transactions relating

During 2014 and 2015, Cook Co. completed the following transactions relating to its bond issue. The company’s fiscal year ends on December 31.

2014
Mar. 1 Issued $330,000 of eight-year, 8 percent bonds for $324,000. The semiannual cash payment for interest is due on March 1 and September 1, beginning September 2014.
Sept. 1 Recognized interest expense including the amortization of the discount and made the semiannual cash payment for interest.
Dec. 31 Recognized accrued interest expense including the amortization of the discount.
2015
Mar. 1 Recognized interest expense including the amortization of the discount and made the semiannual cash payment for interest.
Sept. 1 Recognized interest expense including the amortization of the discount and made the semiannual cash payment for interest.
Dec. 31 Recognized accrued interest expense including the amortization of the discount.

Required

a-1. When the bonds were issued, was the market rate of interest more or less than the stated rate of interest?

a-2. If the bonds had sold at face value, what amount of cash would Cook Co. have received?

b. Prepare the liabilities section of the balance sheet at December 31, 2014 and 2015.

c. Determine the amount of interest expense Cook would report on the income statements for 2014 and 2015.

d. Determine the amount of interest Cook would pay to the bondholders in 2014 and 2015.

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At January 1, 2013, NCI Industries, Inc. was indebted to First Federal Bank

At January 1, 2013, NCI Industries, Inc. was indebted to First Federal Bank under a $290,000, 10% unsecured note. The note was signed January 1, 2011, and was due December 31, 2014. Annual interest was last paid on December 31, 2011. NCI was experiencing severe financial difficulties and negotiated a restructuring of the terms of the debt agreement. First Federal agreed to reduce last year’s interest and the remaining two years’ interest payments to $14,055 each and delay all payments until December 31, 2014, the maturity date. (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.)

Required:

1. Prepare the journal entries by First Federal Bank necessitated by the restructuring of the debt at January 1, 2013. (If no entry is required for a particular transaction, select “No journal entry required” in the first account field.)

2. Prepare the journal entries by First Federal Bank necessitated by the restructuring of the debt at December 31, 2013. (If no entry is required for a particular transaction, select “No journal entry required” in the first account field.)

3. Prepare the journal entries by First Federal Bank necessitated by the restructuring of the debt at December 31, 2014. (If no entry is required for a particular transaction, select “No journal entry required” in the first account field.)

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Jones Sodas adds materials at the beginning of the process in Department A

Jones Sodas adds materials at the beginning of the process in Department A. The following information pertains to Department A’s work in process during April:

    Units

Work in process, April 1 (60% complete as to conversion costs)………………… 6,000

Started in April…………………………………………………………………………………….. 40,000

Completed………………………………………………………………………………………….. 30,000

Work in process, April 30 (40% complete as to conversion costs)……………….16,000

a.         Compute the number of equivalent units for materials using the weighted-average method.

b.         Compute the number of equivalent units for conversion costs using the weighted-average method.

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The Barker Company manufactures two models of adding machines, A and B

The Barker Company manufactures two models of adding machines, A and B. The following production and sales data for the month of June are given for 2014:

PROBLEM DATA

Estimated inventory (units) June 1

A

B

Desired inventory (units) June 30

4,500

2,250

Expected sales volume (units)

4,000

2,500

Unit sales price

7,500

5,000

$75

$120

Prepare a sales budget (4.1A) and a production budget (4.1B) for June 2014.

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