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Assume that the A division of Alien Corporation experienced the Need more help! Assume that the A division of Alien Corporation experienced the following transactions during the year ended December 31, 2013: a. Suppose division A supplied copy services for a customer for the discounted price of $252,000. Under normal conditions they would have provided these services for $294,000. Other revenues totaled $59,000. b. Salaries cost the division $20,000 to provide these services. The division had to pay employees overtime occasionally. Ordinarily, the salary costs for these services would have been $18,100.  c. All other expenses excluding income taxes, $249,000 for the year. Income tax expense was 33% of income before tax. d. The A division has two operating subdivisions: basic retail and special contracts. Each subdivision is accounted for separately to indicate how well each if performing. However, the A division combines the statements of all subdivisions to show results for the A division as a whole. e. Inflation affects the amounts that the division must pay for copy machines. To show the affects of inflation, net income would drop by $5,000. f. If the A division were to go out of business, the sale of its assets would bring in $141,000 in cash. Prepare the A division’s income statement for the year ended December 31, 2013. For items a through f, explain the accounting concept, assumption, or principle that provides guidance in accounting for the item. State how you have applied the concept, assumption or principle in preparing the income statement. Students also viewed these Organizational Behavior questions Assume that the A division of Harrold Corporation experienced the following transactions Assume that the A division of Harrold Corporation experienced the following transactions during the year ended December 31, 2013:a. Suppose division A supplied copy services for a customer for the discounted price of $250,000. Under normal conditions, it would have provided these services for… Assume that the A division of Truett Corporation experienced the following transactions Assume that the A division of Truett Corporation experienced the following transactions during the year ended December 31, 2013:a. Suppose division A supplied copy services for a customer for the discounted price of $260,000. Under normal conditions, it would have provided these services for… ABM Corporation experienced the following transactions during the year ended December 31, ABM Corporation experienced the following transactions during the year ended December 31, 20X8: a. ABM sold products for $53 billion. Company management believes the value of these products is approximately $80 billion. Other revenues totaled $40 billion. b. It cost ABM $36 billion to manufacture… Assume that the A division of Smith Corporation experienced the following transactions Assume that the A division of Smith Corporation experienced the following transactions during the year ended December 31, 2011:a. Suppose division A supplied copy products for a customer for the discounted price of $252,000. Under normal conditions they would have provided these services for… During the year ended December 31 2014 Gluco Inc split its stock During the year ended December 31 2014 Gluco Inc split its stock on a 5for1 basis In its annual report for 2013 the firm reported net income of 977700 for 2013 with an average 255600 shares of common stock outstanding for that year There was no preferred stock Gene employed his attorney to draft identical trust instruments for each of Gene employed his attorney to draft identical trust instruments for each of his three minor children: Judy (age 5), Terry (age 7), and Grady (age 11). Each trust instrument names the Fourth City Bank as trustee and states that the trust is irrevocable. It provides that, until the beneficiary reaches age 21, the trustee at its discretion is to pay income and/or principal (corpus) to the beneficiary. Upon reaching age 21, the beneficiary will have 60 days in which to request that the trust assets be paid over to him or her. Otherwise, the assets will stay in the trust until the beneficiary reaches age 35. The beneficiary also is granted a general testamentary power of appointment over the trust assets. If the beneficiary dies before the trust terminates and does not exercise his or her power of appointment (because, for example, he or she dies without a will), trust assets will be distributed to family members in accordance with state intestacy laws. Each trust will be funded with property valued at $100,000. Before he signs the instruments, Gene wants to obtain a ruling from the IRS concerning whether the trusts qualify for the annual gift tax exclusion. Your task is to prepare a request for a letter ruling. A partial list of research sources is • IRC Secs. 2503(b) and (c) • Reg. Sec. 25.2503-4 • Rev. Rul. 67-270, 1967-2 C.B. 349 • Rev. Rul. 74-43, 1974-1 C.B. 285 • Rev. Rul. 81-7, 1981-1 C.B. 474 Show an example of constructing a grid array on two attributes on Show an example of constructing a grid array on two attributes on some file. Canyon Company issued $600,000, 10-year, 6% bonds at 103.Instructions(a) Prepare the journal Canyon Company issued $600,000, 10-year, 6% bonds at 103.Instructions(a) Prepare the journal entry…… a price above the face amount. 9. A long, straight coaxial cable consists of two thin, tubular conductors, 9. A long, straight coaxial cable consists of two thin, tubular conductors, the inner of radius a and the outer of radius b. Cur- rent I flows out along one conductor and back along the other. Show that the self-inductance per unit length of the cable is In (bla). 10. 000 F5 F6 F7 FB F4 Paul Jackson owns a retail business. The following sales, returns, and cash Paul Jackson owns a retail business. The following sales, returns, and cash receipts are for April 20–. There is a 7% sales tax. Apr. 1 Sale on account No. 111 to O. L. Meyers, $2,100 plus sales tax. 3 Sale on account No. 112 to Andrew Plaa, $1,000 plus sales tax. 6 O. L. Meyers returned merchandise from Sale No. 111 for a credit (Credit Memo No. 42), $50 plus sales tax. 7 Cash sales for the week were $3,240 plus sales tax. 9 Received payment from O. L. Meyers for Sale No. 111 less Credit Memo No. 42. 12 Sale on account No. 113 to Melissa Richfield, $980 plus sales tax. 14 Cash sales for the week were $2,180 plus sales tax. 17 Melissa Richfield returned merchandise from Sale No. 113 for a credit (Credit Memo No. 43), $40 plus sales tax. 19 Sale on account No. 114 to Kelsay Munkres, $1,020 plus sales tax. 21 Cash sales for the week were $2,600 plus sales tax. 24 Sale on account No. 115 to O. L. Meyers, $920 plus sales tax. 27 Sale on account No. 116 to Andrew Plaa, $1,320 plus sales tax. 28 Cash sales for the week were $2,800 plus sales tax. 29 Received payment from Melissa Richfield for $2,186. Beginning general ledger account balances were: Cash $2,864.54 Accounts Receivable 2,726.25 Beginning customer account balances were: K. Munkres $ 482.00 M. Richfield 2,244.25 REQUIRED 1. Record the transactions in a general journal. 2. Post from the journal to the general ledger and accounts receivable ledger accounts. Use account numbers as shown in the chapter. Nelly Inc.’s comparative balance sheet at January 31, 2013, and 2012, reports Nelly Inc.’s comparative balance sheet at January 31, 2013, and 2012, reports the following (in millions): Calculate the net income (loss) for eachsituation? Suppose that, in a perfectly competitive market at the profit-maximizing quantity, the Suppose that, in a perfectly competitive market at the profit-maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run. A division of Midland Oil & Gas has a TI of $8.95 A division of Midland Oil & Gas has a TI of $8.95 million for a tax year. If the state tax rate averages 5% for all states in which the corporation operates, find the equivalent after-tax ROR required of projects that are justified only if they can demonstrate a before-tax return of 22% per year. How should Ford Motor Company market differently to Generation Y, Generation X, How should Ford Motor Company market differently to Generation Y, Generation X, and baby boomers? (a) Verify that if anharmonicity is taken into account by inclusion of (a) Verify that if anharmonicity is taken into account by inclusion of the vexe term in the vibrational energy, then De = D0 + 1/2 hve – 1/4 hvexe. (b) The 7Li1H ground electronic state has D0 = 2.4287 eV, ve/c = 1405.65 cm-1, and ne xe/c = 23.20 cm-1, where c is the speed of light. (These last two quantities are usually designated ve and vexe in the literature.) Calculate De for 7Li1H. A researcher for a cereal company wanted to demonstrate the health benefits A researcher for a cereal company wanted to demonstrate the health benefits of eating oatmeal. A sample of 9 volunteers was obtained and each participant ate a fixed diet without any oatmeal for 30 days. At the end of the 30-day period, cholesterol was measured for each individual. Then the participants began a second 30-day period in which they repeated exactly the same diet except that they added 2 cups of oatmeal each day. After the second 30-day period, cholesterol levels were measured again and the researcher recorded the difference between the two scores for each participant. For this sample, cholesterol scores averaged MD = 16 points lower with the oatmeal diet with SS = 538 for the difference scores. a. Are the data sufficient to indicate a significant change in cholesterol level? Use a two tailed test with ? = .01. b. Compute r2, the percentage of variance accounted for by the treatment, to measure the size of the treatment effect. c. Write a sentence describing the outcome of the hypothesis test and the measure of effect size as it would appear in a research report. Which of the following accounts has the highest EAR? A. one that Which of the following accounts has the highest EAR? A. one that pays 5.4% every six months B. one that pays 1% per month C. one that pays 2.4% every three months D. one that pays 9.6% per year Brake or turn? Figure 6-45 depicts an overhead view of a car’s Brake or turn? Figure 6-45 depicts an overhead view of a car’s path as the car travels toward a wall. Assume that the driver begins to brake the car when the distance to the wall is d = 107 m, and take the car’s mass as m = 1400 kg, its initial speed as v0 = 35 m/s, and the coefficient of static friction as µs = 0.50. Assume that the car’s weight is distributed evenly on the four wheels, even during braking.(a) What magnitude of static friction is needed (between tires and road) to stop the car just as it reaches the wall?(b) What is the maximum possible static friction fx max?(c) If the coefficient of kinetic friction between the (sliding) tires and the road is µk = 0.40, at what speed will the car hit the wall? To avoid the crash, a driver could elect to turn the car so that it just barely misses the wall, as shown in the figure.(d) What magnitude of frictional force would be required to keep the car in a circular path of radius d and at the given speed v0?(e) Is the required force less than, fs max so that a circular path ispossible?