River Corporation purchased 10 percent of the stock of K in June 1993 for $240,000, 65 percent of K in January 1996 for $1.4 million and 20 percent of the stock in March 1997 for $400,000. K Corporation showed the following information prior to being acquired by the Corporation: Income Dividends Declared Inventory Transfers to Patrick at Transfer Price
2014 $78,000 $25,000 $190,000
2015 85,000 27,000 210,000

K sells inventory to River Corporation after a markup based on a gross profit rate. At the end of 2014 and 2015, 30 percent of the current year purchases remain in River Corporation's inventory.

Required:
Create an Excel spreadsheet that computes the following:
1. Equity method balance in River Corporation's Investment in Shawn, Inc., account as of December 31, 2015.
2. Worksheet adjustments for the December 31, 2015, consolidation of River Corporation and K.
3. Formulate your solution so that Ks gross profit rate on sales to Patrick is treated as a variable.

What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.3 percent of an $18 trillion economy? instructions: enter your response rounded to the nearest whole number?

You have learned that there are many ethical concerns surrounding genetic research, and it's important to be familiar with them. for this project, you will write a persuasive essay about an ethical question in biotechnology. directions the goal of a persuasive essay is to convince people to agree with you. it is important to support your opinion with facts. a persuasive essay is not simply a description of your beliefs. be sure to organize your information, give clear examples, and build your argument carefully. read the following genetics topics below. choose a topic and then decide what side you are on. remember that there is no "right" or "wrong" side. ethical questions often have many points of view. research your topic and write a 400 word persuasive essay. topic 1: should insurance companies have the right to learn the genetic profiles of the people they insure? topic 2: should employers have the right to learn the genetic profiles of the people they hire? are there special considerations for employees in jobs in which there is a high risk to others, such as airline pilots, doctors, or bus drivers? topic 3: should scientists who identify genes and create new genetic engineering techniques have the right to patent their methods for their own profit?

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.