Packed Corporation owns 70 percent of Snowball Enterprises' stock. On January 1, 20X1, Packed sold $1 million par value, 7 percent (paid semiannually), 20-year, first mortgage bonds to Kling Corporation at 97. On January 1, 20X8, Snowball purchased$300,000 par value of the Packed bonds directly from Kling for $296,880.

Required

Prepare the consolidation entry needed at December 31, 20X8, to remove the effects of the inter-corporate bond ownership in preparing consolidated financial statements.

A.W., a 72-year-old woman with severe emphysema, was walking at a mall when she suddenly grabbed her right side and gasped, "Oh, something just popped:' A.W. whispered to her walking companion, "I can't get any air.'' Her companion yelled for someone to call 911 and helped her to the nearest bench. By the time the rescue unit arrived, A.W. was stuporous and in severe respiratory distress. She was intubated,started on intravenous lactated Ringer's at KVO (keep vein open), and transported to the nearest emergency department (ED).On A.W.'s arrival at the ED, the physician auscultates muffled heart tones, no breath sounds on the right, and faint sounds on the left. A.W. is stuporous, tachycardic, and cyanotic. The paramedics inform the physician that it was difficult to ventilate A.W. A portable chest x-ray (CXR) examination shows an 80% pneumothorax on the right.
Chart View Arterial Blood Gases (ABGs; 100% 0 2) pH 7.25 Paco2 92 mm Hg Pao2 32 mm Hg HC03 27 mmol/L Spo2 53%
As the nurse, it is your responsibility to ensure pain control. In A.W.'s case, would you administer pain medication before the chest tube insertion?

Quiet Running, a closely held LLC, produces electric cars. It recently secured the rights to a patent that will allow it to produce such cars with a cruising range of nearly 500 miles. In order to meet the anticipated demand, it needs a large amount of capital to set up a new factory. You are the corporate counsel and are attending a board meeting when one of the company’s financial advisors suggests that the company “go public” with their stock. What advice would you give as to the potential impact of doing so on the company’s organizational form?

Suspect Company issued $600,000 of 9 percent first mortgage bonds on January 1, 20X1, at 103. The bonds mature in 20 years and pay interest semiannually on January 1 and July 1. Prime Corporation purchased$400,000 of Suspect's bonds from the original purchaser on December 31, 20X5, for $397,000. Prime owns 60 percent of Suspect's voting common stock.

Required

Prepare the worksheet consolidation entry or entries needed to remove the effects of the inter-corporate bond ownership in preparing consolidated financial statements for 20X6.

Explain how corporate profits are taxed twice.

It is estimated that t years from now the population of a certain lakeside community will be changing at the rate of $0.6 t^{2}+0.2 t+0.5$ thousand people per year. Environmentalists have found that the level of pollution in the lake increases at the rate of approximately 5 units per 1,000 people. By how much will the pollution in the lake increase during the next 2 years?

The Dow Jones Industrial Average (DJIA) is a commonly used index of the overall strength of the U.S. stock market. In 2013 the mean daily change in the DJIA for the 252 days that the stock markets were open was 13.59 points with a standard deviation of 94.05 points. The standardized score for May 1, 2013, was z = -1.62. Find the change in the DJIA for that date.

Explain the meaning of the corporate objective ‘increasing shareholder value’.

How are unsecured corporate bonds known?

Should there be zoning laws regarding corporate campuses?

On your flight out of South America your cargo plane emergency-lands on a deserted island somewhere in the South Pacific. Because it was a beach landing, the pilot skids the plane on its belly rather than lowering the landing gear. The landing is rough: an initial vertical drop followed by an abrupt horizontal deceleration. When the dust settles, the pilot and your scientist colleagues are all okay, but you know there might be a big problem. Your team is transporting samples of a deadly virus from a recent breakout in a small village. The samples were packed in a cryogenically cooled container that has a special seal that may leak if it exceeds an acceleration greater than 10 g. The container has a mechanical accelerometer gauge that measures the maximum vertical deceleration in case the container is dropped. It reads a value of a=7.30 g. However, you are still worried: there was another component of the acceleration. You get out of the plane and measure the length of the skid the plane made in the sand as it landed: 154 ft. The pilot claims the plane's horizontal speed on impact was 160 m.p.h. Assuming the worst case scenario (i.e., that the vertical and horizontal accelerations occurred simultaneously), and that the horizontal deceleration was uniform, is it likely that the seal on the virus container is compromised? Explain.

Why do investors purchase corporate bonds?

Who is responsible for overseeing corporate activities?

Sara Lee Corp., maker of food, beverage, and household products, is known mainly for its baked products, marketed under its corporate name. For the five years ending July 1 of each year from 2002 to 2006, their bakery division reported the following profits.

c) Think about the exponential smoother. If the parameter were$0.8$would you expect the prediction to be higher or lower? What if it were$0.2$? Describe.