January 1‚ 2013‚ the company amends its pension are created. Other data related to the pension plan are as follows: 2012 $180‚000 0 255‚000 225‚000 320‚000 5% 2013 $195‚000 97‚000 305‚000 300‚000 515‚000 8% Service costs Prior service costs amortization Contributions (funding) to the plan Benefits paid Actual return on plan assets Expected rate of return on assets Instructions: (a) Prepare a pension worksheet for the pension plan for 2012 and 2013. HARRINGTON COMPANY Pension Worksheet—2012
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the first company offering online subscription based DVD rental service and has been retained many loyal customers. Thus Netflix has technology advantage to run video on demand business. Blockbuster is a direct competitor to Netflix depending on physical stores to run rental DVD business (Wesley 4). Blockbuster also invests video on demand business but Netflix is in the technical leader position right now. Video on demand service is technical complex and with more opportunities and uncertainties
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Executive Summary: Over the last decade James Patterson has published an unprecedented number of best-selling books‚ cemented a powerful brand image amongst a loyal following‚ and redefined the process by which authors create content to meet reader demand. From November 2000 through June 2003‚ Patterson had cumulative sales of over six million dollars‚ trailing only John Grisham during that time frame. He has generated the majority of his sales through a loyal readership that consistently lines
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factor from PV of Ordinary Annuity‚ n = 20‚ i = 5% 2) Prepare the journal entry necessary to record the issuance of the bonds. Dr. Cash 1‚124‚623 Cr. Premium on bonds payable 124‚623 Cr. Bonds payable 1‚000‚000 3) Prepare the amortization schedule through December 31‚ 2013. Cash payment = $1‚000‚000*12%*1/2
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Financial Taxes‚ Cash Flows and Taxes – Assignment Week 2 Akhil Rangaraju MG 670 Fundamentals of Corporate Finance King Graduate School Question 1: Given the following information about Elkridge Sporting Goods‚ Inc.‚ construct a balance sheet for June 30‚ 2011. On that date the firm had cash and marketable securities of $25‚135‚ accounts receivable of $43‚758‚ inventory of $167‚112‚ net fixed assets of $325‚422‚ and other assets of $13‚125. It had accounts payables of $67‚855‚ notes payables
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Chapter 10 Plant Assets‚ Natural Resources‚ and Intangibles QUESTIONS 1. A plant asset is tangible; it is used in the production or sale of other assets or services; and it has a useful life longer than one accounting period. 2. The cost of a plant asset includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. 3. Land is an asset with an unlimited life and‚ therefore‚ is not subject to depreciation. Land improvements have
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ADM 4348 MID TERM EXAM Selected Topics in Financial Accounting Fall 2012 SOLUTIONS Student Name: _________________________________ Student #: _____________________________________ Course: (Professor Collier) Instructions: 1. This examination comprises 4 questions over 16 pages. The last page (page 16) is a page for rough work. Present value tables of an annuity due and an ordinary annuity are attached at the end of the exam. Answer all questions in this booklet. The booklet is not to be removed from
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Pharmaceutical Industry The pharmaceutical industry includes companies that research‚ develop‚ market or distribute generic and branded drugs. The industry expanded during the 1980’s and drugs to treat heart disease and AIDS were prominent. Consumer demand for nutritional supplements and alternative medicine increased during the 1990’s with the Internet facilitating direct purchases of drugs. Advertising for direct consumption of pharmaceutical drugs became more prominent; pharmaceutical companies
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CHAPTER 2 FINANCIAL STATEMENTS‚ CASH FLOW‚ AND TAXES True/False Easy: (2.1) Annual report F K Answer: a EASY 1. The annual report contains four basic financial statements: the income statement‚ balance sheet‚ statement of cash flows‚ and statement of stockholders’ equity. a. True b. False (2.1) Annual report and expectations F K Answer: a EASY 2. The primary reason the annual report is important in finance
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Individual Assignment week 3 Rose Breedlove Merced ACC291 Accounting Principles II May 23‚ 2012 Prof. David Vega Individual Assignment week 3 Exercise E10-6 According to the accountant of Ulner Inc.‚ its payroll taxes for the week were as follows: * $198.40 for FICA taxes‚ * $19.84 for federal unemployment taxes‚ * $133.92 for state unemployment taxes. Instructions Journalize the entry to record the accrual of the payroll taxes. Solution: Payroll Tax Expense
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