On 1/1/2006 Red, Inc. purchased 100,000 shares of Blue, Inc (representing a 40% ownership interest) for $10 per share. The book value of Blue Inc. was $1,500,000.  In assessing the purchase, Red, Inc. identified that a building owned by Blue, Inc. had a fair value that was $500,000 greater than its book value.  The building had a remaining useful life of 10 years.  In addition, Red, Inc. also identified a machine that had a fair value that was $100,000 higher than its book value, and a 5 year useful life.  Red, Inc. decides to amortize these excesses using the straight-line method. Red, Inc. earns $5,000,000 of Net Income in 2006, and pays $500,000 in dividends. The price of Red, Inc.’s stock is $25 at the end of 2006.    Blue, Inc. earns $1,000,000 of Net Income in 2006, and pays $750,000 in dividends. The price of Blue, Inc.’s stock is $15 at the end of 2006.  What is the value of the “Equity Investment in Blue, Inc.” on Red Inc.’s 12/31/2006 balance sheet?

ABC, Inc. prepares its financial statements consistent with a 12/31 fiscal period end. On 6/30/2014 ABC, Inc. received $100,000 for a basket of goods and services that were sold to XYZ, Inc. In exchange for the $100,000 ABC, Inc. agreed to deliver and install a state of the art machine on 7/1/2014, they also agreed to conduct an 8-hour training session for the current employees on 7/15/2014, and to conduct a second 8-hour training session on 1/15/2015.  Finally, ABC, Inc. will provide four years of customer support which will begin on 7/1/2014.  If sold separately, ABC, Inc. generally charges the following:                                                                   Amount                   Machine                            $80,000                   Installation                      $12,000                   Training                             $500 per hour                   Customer Support      $25,000 When ABC, Inc. prepares their financial statements on 12/31/2015, how much will the record for Unearned Revenue at the end of 2015?

Which of the following is a component of operating budgets?

ESRD, patient is on hemodialysis:

In which order are the following developed? First to last: A = Production budget  B = Direct materials costs budget C = Budgeted income statement  D = Revenues budget 

An unfavorable production-volume variance ________.

Which of the following statements about gamma rays are true below? [mark all correct answers]

Suppose the region bounded by y=x-2{“version”:”1.1″,”math”:”y=x-2″} and the line y=2{“version”:”1.1″,”math”:”y=2″} in the first quadrant is revolved about the x-axis{“version”:”1.1″,”math”:”x-axis”}  to find the volume of the solid of revolution with the Disc Method, you would need 2 integrals.

This integral can be evaluated by basic u-substitution ∫xx2+9dx{“version”:”1.1″,”math”:”∫xx2+9dx”}

Which of the following is NOT an appropriate measure of capacity?