Computing and Evaluating Receivables, Inventory, and PPE Turnovers 3M Company reports the following financial statement amounts in its 10-K report: ($ millions)SalesCost of SalesReceivablesInventoriesPPE, net 2020 $32,184 $16,605 $4,705 $4,239 $9,421 2019 32,136 17,136 4,791 4,134 9,333 2018 32,765 16,682 5,020 4,366 8,738  Compute the receivables, inventory, and PPE turnover ratios for both 2020 and 2019. (Receivables turnover and inventory turnover are discussed in Chapters 6 and 7, respectively.) Round to two decimal places. Receivable turnover rate: 2019 {#1} 2020 {#2}   Inventory turnover rate: 2019 {#3} 2020 {#4}   PPE turnover rate: 2019 {#5} 2020 {#6}

Recording and Assessing the Effects of Bond Financing (with Accrued Interest) (FSET) Petroni, Inc., which closes its books on December 31, is authorized to issue $600,000 of 4%, 20 year bonds dated March 1, 2022, with interest payments on September 1 and March 1. Assuming that the bonds were sold at 100 plus accrued interest on July 1, 2022, record each transaction in the financial statement effects template. a. The bond issuance. b. Payment of the semiannual interest on September 1, 2022. c. Accrual of bond interest expense at December 31, 2022. d. Payment of the semiannual interest on March 1, 2023. (The firm does not make reversing entries.) e. Retirement of payment on that date). $125,000 of the bonds at 101 on March 1, 2023 (immediately after the interest ● Note:  Use negative signs with your answers, when appropriate. ● Note: Select “N/A” as your answer if a part of the accounting equation is not affected. Balance Sheet Income Statement Cash Noncash Contributed Earned Net Transaction Asset + Assets = Liabilities + Capital + Capital Revenue – Expenses = Income a. Jul. 1, 2022: Issue bonds {#1} {#2} {#3} {#4} {#5} Bonds payable {#6} {#7} b. Sep. 1, 2022: Interest payment on bonds {#8} {#9} {#10} {#11} {#12} {#13} {#14} {#15} {#16} {#17} {#18} c. Dec. 31, 2022: Interest accrual on bonds {#19} {#20} {#21} {#22} {#23} {#24} {#25} {#26} {#27} d. Mar. 1, 2022: Interest payment on bonds {#28} {#29} {#30} {#31} {#32} {#33} {#34} {#35} {#36} {#37} {#38} e. Mar. 1, 2023: Retirement of bonds {#39} {#40} {#41} {#42} {#43} {#44} {#45} {#46} {#47} {#48} {#49} Total

Recording and Assessing the Effects of Installment Loans: Quarterly Installments On December 31, 2021, Watts Corporation borrowed $750,000 on an 8%, 5-year mortgage note payable. The note is to be repaid with equal quarterly installments, beginning March 31, 2022. a. Prepare journal entries to report (1) the borrowing of funds by Watts Corporation on December 31, 2021, (2) the installment payment by Watts Corporation on March 31, 2022, and (3) the installment payment by Watts Corporation on June 30, 2022. First, compute the amount of the quarterly installment payment. Use the appropriate table (in Appendix A near the end of the book) or a financial calculator, and round amount to the nearest dollar. ●Note: Do not use a negative sign with your answer. ● Note: Round your answer to the nearest whole dollar. ${#1} ● Note: Round answers below to the nearest whole dollar. Date Account Debit Credit (1) Dec. 31, 2021 {#2} {#3} (2) Mar. 31, 2022 {#4} {#5} {#6} (3) Jun. 30, 2022 {#7} {#8} {#9} b. Post the journal entries to their respective T-accounts. ●Note: Enter your answers, in transaction order, in the first open field of the appropriate column in each account. ● Note: Round answers to the nearest whole dollar. Cash {#10} {#11} {#12} {#13} {#14} {#15} Mortgage note payable {#16} {#17} {#18} {#19} {#20} {#21} Interest expense {#22} {#23} {#24} {#25}

Reporting Financial Statement Effects of Bond Transactions On January 1, Shields, Inc., issued $500,000 of 9%, 20-year bonds for $549,482, yielding a market ( yield) rate of 8%. Semiannual interest is payable on June 30 and December 31 of each year. a. Prepare the journal entries for transactions described above. ● Note: Round your answers to the nearest whole dollar. Date Account Debit Credit Jan. 1 {#1} {#2} {#3} Jun. 30 {#4} {#5} {#6} Dec. 31 {#7} {#8} {#9} b. Post the journal entries to their respective T-accounts. ● Note:  Enter your answers, in transaction order, in the first open field of the appropriate column in each account. Cash {#10} {#11} {#12} {#13} Bonds payable {#14} {#15} {#16} {#17} Interest expense {#18} {#19} {#20} {#21} Bond premium {#22} {#23} {#24} {#25}

Preparing an Amortization Schedule and Recording the Effects of Bonds (FSET) On December 31, 2021, Kasznik, Inc., issued $480,000 of 4%, 10-year bonds for $442,586, yielding an effective interest rate of 5%. Semiannual interest is payable on June 30 and December 31 each year. The firm uses the effective interest method to amortize the discount. a. Prepare an amortization schedule showing the necessary information for the first two interest periods. ● Note: Round answers to the nearest whole dollar. Period Interest Expense Cash Interest Paid Discount Amortization Discount Balance Bond Payable Net 0 ${#1} ${#2} 1 ${#3} ${#4} ${#5} {#6} {#7} 2 {#8} {#9} {#10} {#11} {#12} b. In the financial statement effects template, report (1) the bond issuance on December 31, 2021, (2) bond interest expense and discount amortization at June 30, 2022, and (3) bond interest expense and discount amortization at December 31, 2022. ● Note:  Use negative signs with your answers, when appropriate. ● Note: Select “N/A” as your answer if a part of the accounting equation is not affected. ● Note: Round answers to the nearest whole dollar. Balance Sheet Income Statement Cash Noncash Contributed Earned Net Transaction Asset + Assets = Liabilities – Contra Liability + Capital + Capital Revenue – Expenses = Income 1. Dec. 31, 2021: Issue bonds {#13} {#14} {#15} {#16} {#17} {#18} {#19} {#20} 2. Jun. 30, 2022: Interest payment {#21} {#22} {#23} {#24} {#25} {#26} {#27} {#28} {#29} {#30} {#31} 3. Dec. 31, 2022: Interest payment {#32} {#33} {#34} {#35} {#36} {#37} {#38} {#39} {#40} {#41} {#42} Total

Classifying Bond-Related AccountsIndicate the proper financial statement classification for each of the following accounts: Accounts Classification Gain on Bond Retirement (material amount) {#1} Discount on Bonds Payable {#2} Mortgage Notes Payable {#3} Bonds Payable {#4} Bond Interest Expense {#5} Bond Interest Payable {#6} Premium on Bonds Payable {#7}

Find . Show all work on scrap paper for full credit.y = (4x + 5)3

Solve the problem. Show all work on scrap paper for full credit.The cost of a computer system increases with increased processor speeds. The cost C of a system as a function of processor speed is estimated as where S is the processor speed in MHz. Find the processor speed for which cost is at a minimum.

In which class are there Echinoderms that look somewhat like plants?

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