City Hospital, a nonprofit organization, estimates that it can save $28,000 a year in cash operating costs for the next 10 years if it buys a special-purpose eye testing machine at a cost of$110,000. No terminal disposal value is expected. City Hospital’s required rate of return is 14%. Assume all cash flows occur at year-end except for initial investment amounts. City Hospital uses straight-line depreciation. 1. Calculate the following for the special-purpose eye-testing machine: a. Net present value b. Payback period c. Internal rate of return d. Accrual accounting rate of return based on net initial investment e. Accrual accounting rate of return based on average investment 2. What other factors should City Hospital consider in deciding whether to purchase the special-purpose eye-testing machine?

Earl’s Hurricane Lamp Oil Company produces both A-1 Fancy and B Grade Oil. There are approximately $9,000 in joint costs that Earl may allocate using the relative sales value at splitoff or the net realizable value approach. Before split off, A-1 sells for$20,000 while B grade sells for $40,000. After an additional investment of$10,000 after split off, $3,000 for B grade and$7,000 for A-1, both the products sell for $50,000. What is the difference in allocated costs for the A-1 product assuming applications of the net realizable value and the net realizable value at splitoff approach? 1. A-1 Fancy has$1,300 more joint costs allocated to it under the net realizable value approach than the sales value at splitoff approach. 2. A-1 Fancy has $1,300 less joint costs allocated to it under the net realizable value approach than the sales value at splitoff approach. 3. A-1 Fancy has$1,500 more joint costs allocated to it under the net realizable value approach than the sales value at splitoff approach. 4. A-1 Fancy has $1,500 less joint costs allocated to it under the net realizable value approach than the sales value at splitoff approach.

The management of Petro Garcia Inc. was discussing whether certain equipment should be written off as a charge to current operations because of obsolescence. This equipment has a cost of $900,000 with depreciation to date of$400,000 as of December 31, 2020. On December 31, 2020, management projected its future net cash flows from this equipment to be $300,000 and its fair value to be$230,000. The company intends to use this equipment in the future.

Instructions

a. Prepare the journal entry (if any) to record the impairment at December 31, 2020.

b. Where should the gain or loss (if any) on the write-down be reported in the income statement?

c. At December 31, 2021, the equipment's fair value increased to $260,000. Prepare the journal entry (if any) to record this increase in fair value.

d. What accounting issues did management face in accounting for this impairment?

Use the Second Fundamental Theorem of Calculus to find F’(x). F(x) = ∫_(-3)^x (t²+3t+2) dt

What are some of the advantages and disadvantages of these personal letters as historical documents? For example, what insights do they provide that more formal documents, such as the Declaration of Independence, do not? How are the letters useful or limited in their historical value? How does the identity of the writer influence the content? Draw upon your chart to cite examples from the letters to prove your points.

Round each number to four significant figures. 84,791 kg

Solve the following initial value problems an.d leave the solution in implicit form. Use graphing software to plot the solution.. If the implicit solution. describes more than one function., be sure to indicate which fun.ct ion. corresponds to the solution. of the initial value problem. $y^{\prime}(t)=\frac{2 t^{2}}{y^{2}-1}, y(0)=0$

The equation contains small figures ( $\square, \triangle$, and $\$$) that represent nonzero real numbers. Use properties of equality to isolate$x$on one side of the equation and the small figures on the other side.$ $\frac{x}{\square}$-\Delta=-\

Read the following quote by Francis Xavier, a Jesuit missionary who went to Japan in $1549$. Then answer the questions.

"The people whom we have met so far are the best who have as yet been discovered, and it seems to me that we shall never find among heathens another race to equal the Japanese. They are a people of very good manners, good in general, and not malicious [mean]; they are men of honor to a marvel, and prize honor above all else in the world.... They have one quality which I cannot recall in any people of Christendom; this is that [theyl... render as much honor to a poor gentleman as if he were passing rich."

How did the Tokugawa shoguns react to the Jesuit missionaries? Give specific examples.

Round each number to four significant figures. 0.00078100 mL

The following events occurred for Parker Company.

a. Performed consulting services for a client in exchange for $3,200 cash.

b. Performed consulting services for a client on account,$1,700.

c. Paid $30,000 cash for land.

d. Purchased office supplies on account,$900.

e. Paid a $2,500 cash dividend to stockholders.

f. Paid$550 on account for supplies purchased in Transaction d.

g. Paid $800 cash for the current month’s rent.

h. Collected$1,500 from client in Transaction b.

i. Stockholders invested $20,000 cash in the business.

Required:

1. Analyze the effect of each transaction on the accounting equation. For example, if salaries of$500 were paid, the answer would be ‘‘Decrease in stockholders’ equity (expense) $500 and decrease in assets (cash)$500.’’

2. For Event d, what accounting principle did you use to determine the amount to be recorded for supplies?

Recognizing The Three Degrees of Comparison. Identify the degree of comparison of each underlined modifier by writing $P$ for positive, $C$ for comparative, or $S$ for superiative on the line. Then the $\underline{most}$ $\underline{unexpected}$ thing happened.

Accounting has its own vocabulary and basic relationships. Match the accounting terms at the left with the corresponding definition or meaning at the right.

$$\begin{matrix} \text{\_\_\_\_ 1. Debit } & \text{ A. Always an asset }\\ \text{ \_\_\_\_ 2. Expense} & \text{B. Side of an account where increases are recorded}\\ \text{\_\_\_\_ 3. Net income } & \text{C. Record of transactions }\\ \text{\_\_\_\_ 4. Ledger } & \text{D. The cost of operating a business; a decrease in stockholder’s equity}\\ \text{\_\_\_\_ 5. Posting} & \text{E. Grouping of accounts }\\ \text{\_\_\_\_ 6. Normal balance } & \text{F. Copying data from the journal to the ledger }\\ \text{\_\_\_\_ 7. Payable } & \text{G. Revenues – Expenses }\\ \text{ \_\_\_\_ 8. Journal } & \text{H. Always a liability}\\ \text{\_\_\_\_ 9. Receivable } & \text{I. Left side of an account}\\ \text{\_\_\_\_ 10. Owners’ equity } & \text{ J. Assets – Liabilities }\\ \end{matrix}$$

Calculus $W$ is the set of all functions that are continuous on $[0,1]$. $V$ is the set of all functions that are integrable on $[0,1]$.