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.

Sedan Corporation, a Japanese automobile manufacturer, follows U.S. GAAP and reports its results in millions of dollars ($). On March 31, 2013 and 2012, Sedan reported the following information pertaining to its inventories.

Sedan reported Cost of Products Sold for the year ended March 31, 2013, of$20,452,338. Sedan reported no write-downs of inventory to lower of cost or market during either fiscal year. c. Suppose that Sedan’s direct labor and overhead were $12,000,000 million for the year ended March 31, 2013. How much in raw materials and supplies costs did Sedan charge to Work in Process during the year ended March 31, 2013? What journal entry did it make to record this charge?

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?

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

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

Pam and John are partners in PJ's partnership, having capital balances of $120,000 and$40,000, respectively, and share income in a ratio of 3 : 1. Gerry is to be admitted into the partnership with a 20 percent interest in the business.

Required

First record Gerry's admission into the partnership and then specify and briefly explain why the accounting method used in that situation is GAAP or non-GAAP.

• Gerry invests $50,000, and goodwill is to be recorded.

A(n) __________ transformation produces figures that are similar. (similarity, congruence, or scale factor)

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 $[0,1]$.

The figures in pair have the same perimeter. Find the value of the variable.

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?

Calculate using significant figures: $26 \times 0.0225 84$.

How is chromosome gene linkage an exception to the law of independent assortment?

Liam Mitchell, a manager of the Plate Division for the Harvest Manufacturing company, has the opportunity to expand the division by investing in additional machinery costing $495,000. He would depreciate the equipment using the straight-line method and expects it to have no residual value. It has a useful life of 9 years. The firm mandates a required after-tax rate of return of 14% on investments. Liam estimates annual net cash inflows for this investment of$130,000 before taxes and an investment in working capital of $5,000 that will be returned at the project’s end. Harvest’s tax rate is 30%. 1. Calculate the net present value of this investment. 2. Calculate the accrual accounting rate of return based on net initial investment for this project. 3. Should Liam accept the project? Will Liam accept the project if his bonus depends on achieving an accrual accounting rate of return of 14%? How can this conflict be resolved?

Briefly describe the given concept/process : law of combining volumes

Using the Comparative and Superlative Degrees of Irregular Modifiers. Fill in the blank with the form of the modifier requested in parentheses. One thousand miles is the------I have ever been from home. (far--superlative)