Legal and Ethical Responsibilities Essay Example for Free

Legal and Ethical Responsibilities Essay This memo is in response to the company’s decrease in sales and profit because of the current state of the economy. The company will be executing more cost-effective measures because of this present situation. These new procedures will begin immediately with approval from the company owners. The first change will be a reduction in the monetary incentives for the sales department. To be successful in implementing this change a complete understanding of the sales process is mandatory. Consumer and salespeople feedback will be instrumental in gathering the data necessary to make a concise and informed decision on the best way to reduce the incentives for every party involved. The first step in the decision-making process is determining the facts of the situation at hand (Hartman DesJardins, 2011, p. 47). The facts are that the company is losing income because of the economy. Additionally known is the company profits are on the finished product that meets the need of the consumer. A written survey will ascertain what the specific needs and wants of the consumer toward a particular product are. Once the feedback is analyzed, the products most in demand by the consumer will continue with production, whereas the products in less demand will begin interruption until the sales or the demand from the consumer are in need. This step will aid in cutting costs for products with unnecessary production. As an example, there was a significant increase in sales the first few years, opposed to last year’s sales that decreased substantially for the products not in demand. By investigating and discovering products in demand will aid in painting a clearer picture, thus assisting in cutting production cost that will get the company back in line with increasing sales and profits. Additionally, investigating and discovering will keep the plan of reducing monetary incentives for the sales force until sales and profits are on the increase again. However, the plan is to once again start issuing monetary incentives to the sales force once the company starts again seeing an increase in sales and profits. For this plan to be successful it will be necessary to motivate the sales force with tools to set achievable goals relating to increasing company sales and profits. This also has a direct impact on the sales force pertaining to the company’s organization and management. Upper management as well as the owners of the company has to be on the same accord concerning aiding the sales department in reaching their goals by providing motivation and support to the sales department. A strong support system is imperative if the sales team along with the organization is to reach their primary objectives. This plan will also include evaluations on the progress of the sales department pertaining to reaching their goals. The second and final change will be implementing a month-long layoff for some of the production employees. Laying-off production workers for a month will cut production costs of producing products unnecessary for the economy. While keeping in mind that this layoff will also have an adverse result on producing products in demand. Instead of laying off production workers, the more cost-effective way would be to keep them at work to help meet the current demand for products. The workers still working with the organization will receive more overtime, and this is not cost-effective because the result is increasing payroll for employees. Although removing monetary incentives for the sales department and laying-off a portion of the production department is legal, it does nothing for morale. Ethically there will be some repercussions to implementing these changes. Some of the repercussions may include employees leaving the organization and a decline in sales means possible bankruptcy. Implementing a more amicable plan will have a more positive influence that will promote a higher morale and happiness. With a higher morale, this will more likely promote a boost in productivity.

The United States economy Essay Example for Free

The United States economy Essay The economic problems that are plaguing the United States economy at the present are numerous to say the least. Since the collapse of the Housing market, the United States has experienced what some have come to call an economic recession. While it remains to be seen if the United States economy is really undergoing a recession at this point in time, this situation can be used as a great opportunity to point out the current struggles of the American economy. The much touted and highly publicized US $700 billion bailout plan is argued to be good for the economy as a â€Å"quick fix† to the problem yet there are a number of economists who feel that the real solution to the problem lies in establishing more solid fiscal policies as opposed to monetary policies. As several economists have pointed out, the monetary solution of providing an economic stimulus package without addressing the fundamental problems is only a â€Å"quick fix. † The world is beginning to realize that all of the credit and financial problems that the world is facing right now cannot be solved by throwing money at it. The problem, as pointed out, is not simply that the world is experiencing a slow down but that there are fundamental flaws with several of the world’s largest economies and as such these problems have to be addressed. Any monetary policy will simply result in concealing the glaring holes in the economic systems and will not provide the needed answers to the problem. There seems to be no end in sight for this economic problem as governments all over the world announce new economic stimulus packages. There also seems to be a dearth in fiscal policies that are designed to solve this problem. In order to arrive at a more effective solution to the problem, it is important to accompany these monetary policies with sound fiscal policies in order to create solid economic fundamentals that may prevent the occurrence of financial crises such as these in the future. References: Davidson, Scott. (2003). Economics: Perfect Competition and Monopolistic Competition. 2nd Series. Bantham Books: 103-105. Davis, K. (2003). The costs and consequences of being uninsured. Retrieved February 4, 2008, from http://www. cmwf. org. Stone, Diane. (2007) â€Å"Market Principles, Philanthropic Ideals and Public Service Values: The Public Policy Program at the Central European University†, PS: Political Science and Politics, July: 545—551

Adequacy of Strong Improvement to Explain RAP

Adequacy of Strong Improvement to Explain RAP CASE STUDY OF APPROACH TO CONSIDER UNCERTAIN COMPONENTS FAILURE RATES IN SERIES-PARALLEL RELIABILITY SYSTEMS WITH REDUNDANCY ALLOCATION Abstract The principle reason for this review is to demonstrate the adequacy of strong improvement to explain RAP. The erlang distribution is used to implement robust optimization. The dynamic values attained by the failure rate is found to be a correct one. Another computation technique is introduced to consider dynamic qualities for failure rate in RAP. Also, because of complex redundancy Allocation Problem, two Simulated Annealing (SA) and Ant Colony Optimization (ACO) calculations are intended to decide the strong framework regarding indeterminate qualities for parameters. Another presumption is that every subsystem can have dynamic excess systems. Keeping in mind the end goal to take care of this issue and demonstrate effectiveness of proposed calculations, an issue in writing is unraveled and talked about. INTRODUCTION of Articles The planning for a system to select the components simultaneously is called the Redundancy Allocation Problem. Here these components are joined by several types to maximize the system reliability including all the properties in the system which are obtained. The reliability range should be maximum for different products to design the best system for a problem. The series parallel system can be of three types such as reliability allocation, redundancy allocation, and reliability redundancy allocation. For the first type the reliability limit is reduced for the usage of the resources in components reliability. The other type contains the redundancy limit to increase the reliability of the system to maximize the system level constraints. The failure rate of every components is studied on the journal articles which were in a determinable surrounding. The failure rate is very difficult to determine to be a exact one in practical environment for various factors as it may vary. The failure rates under various factors are affected. The failure rates arent any specified values in this article. The robust optimization is used to solve the reliability allocation problem for failure rates. In this article, the robustness with the redundancy allocation problem is explained and the mathematical model is developed. There are two algorithms used to find the indeterminate qualities for the parameters. The Simulated Annealing and Ant Colony Optimization algorithm is used and tested by the problem. Nomenclature i : index of subsystems where i à ¯Ã¢â€š ¬Ã‚ ½1,2,,si . ni: number of components used in subsystem i . nià ¯Ã¢â€š ¬Ã‚ ­Ãƒ ¯Ã¢â€š ¬Ã‚  :set of components used in all subsystems expect subsystem ri,zi (t) : reliability of component i z for subsystem i at time t à ¯Ã‚ Ã‚ ¬i,zi, Ki,zi : scale and shape parameters for the Gamma distribution of component i z in subsystem i à ¯Ã‚ Ã‚ ¬i,zi(ni, ni-) : function of robust failure rate for component i z in subsystem i . C,W : system level constraint limits for cost and weight, respectively. R(t; z,n) : system reliability at time t for designing vectors z and n . Explanation of the work presented in journal articles ROBUSTNESS DEFINITION IN RELIABILITY ALLOCATION PROBLEM To maximize the total reliability of a robust system the following assumptions are considered Components failure rate are changed as a result of change in system structure The constraints of the problem are predetermined for any changes in system structure. The total components in the subsystem is increasing when we consider the failure rate of this component The increase in the reliability of the component is caused by the decreased failure rate. THE ROBUST MODEL IN RELIABILITY ALOCATION PRROBLEM It is conceivable to execute two unique systems for parts of subsystems in Reliability allocation problem. The first is dynamic methodology in which every single repetitive part will begin to work at the same time from time zero. Interestingly, there are three unique variations of the cool, warm and hot methodologies rather for the second technique which is known as standby technique. In warm variation and in contrast with cool one, it would be more conceivable that segments flop before beginning to work on system. In the event that we utilize hot variation, it would not be essential that segments are working or they are sit and their failure rates will be consistent any way. As indicated by these definitions, we can create same numerical model for two unique techniques of hot standby and dynamic repetition. The repetitive parts are consecutively utilized as a part of the system at segment failure times and each repetitive segment in the standby system can be worked just when it is e xchanged on. At the point when the segment in operation falls flat, one of the excess units is changed on to proceed with the system operation. The 1, 2 and 3 equations are as follows 4 5 As per these derivations, a model is introduced in which failure rates will be computed in light of condition (5). This condition helps us to consider new failure rate values instead of steady ones. In addition, these new proposed qualities are more down to earth for genuine issues and will help fashioners to reduce existent crevices amongst hypothesis and practice. Then again, we cover the existent deficiencies which have never been focused on in the writing by building up another technique to compute failure rates. The robust relations are solved by the two algorithms Simulated and Ant Colony Optimizing for the redundancy allocation problem. Discussion of Contributions SIMULATED ANNEALING ALGORITHM FOR RAP Simulated Annealing is a standout amongst the most well-known probabilistic meta-heuristics to locate an adequate answer for advancement issues which was essential proposed by Kirkpatrick, Gelatt and Vecchi. This calculation depends on the relationship between the way toward tempering of solids and the arrangement philosophy of combinatorial advancement issues. One the most essential invaluable of the SA is keeping from rapidly focalizing to nearby ideal arrangement. This normal for SA is multiplied by tolerating better arrangements as well as the more regrettable neighbor arrangements with a specific likelihood to escape from a nearby ideal. It is observable that the likelihood of tolerating a more regrettable arrangement relies on upon the estimation of temperature; thus, while the temperature diminishes, the likelihood of tolerating a more terrible arrangement diminishes too. ANT COLONY OPTIMIZING ALGOROTHM FOR RAP Truly, ACO was firstly presented by Dorigo, Maniezzo and Colorni [3]. Key thought of subterranean insect frameworks depends on conduct of characteristic ants that prevail to discover most limited way from their home to nourishment sources by imparting by means of an aggregate memory that comprises of pheromone trails. Ants have a tendency to take after a way with a high pheromone level when numerous ants move in a typical range and they move arbitrarily when no pheromone is accessible. Then again, ants dont pick their bearings in light of level of pheromone only, but instead consider nearness of home and sustenance source, individually. Discussion of Dificiency and Potential Improvements The improvements to be made on this article are to solve large sized problems the heuristic algorithms were not developed and the flexible model to consider the dynamic values can be improved. An another development to be made is to show a robust model for selecting different types of parts simultaneously. The graphical theory could be used to develop by a new model Summary In this review, a nonlinear numerical model is produced for powerful arrangement parallel system with excess portion issue where, it has never been focused on strong enhancement approaches for this issue. In this model, we show another technique to compute part failure rates which is more versatile to genuine issues. Additionally, we create two reproduced tempering and insect province streamlining calculations which brought about proper arrangements, speedily. The last outcomes demonstrate that ACO calculation can bring about happier arrangements in contrast with SA calculation. There are three major advantages of robust model, The first is that utilizing this model will help us to create adaptable arrangements which are more functional to cover deficiencies amongst hypothesis and practice. The second one is that this model produces arrangements with higher framework dependability as opposed to those ones which have been displayed in writing. At last, the third one is that the created arrangements will be powerful and by changing the conditions, they can even now be proper arrangements which are near ideal arrangements. References [1]Ali Ghafarian Salehi Nezhada,*, Abdolhamid Eshraghniaye Jahromib, Mohammad Hassan Salmanic, Fereshte Ghasemid, an approach to consider uncertain components failure rates in series-parallel reliability systems with redundancy allocation.International Journal of Industrial Engineering (2016) [2] S. Kirkpatrick, C.D.J. Gelatt, M.P. Vecchi, Optimization by simulated annealing, Science. 220 (1983), pp.671-680 [3]M. Dorigo, V. Maniezzo, A. Colorni, Positive feedback as a search strategy, Technical Report. (1991). [4]D.W. Coit, A.E. Smith, Optimization Approaches to the Redundancy Allocation Problem for Series-Parallel Systems, Cited as Proceedings of the Fourth Industrial Engineering Research Conference. (1995).

M.C. Escher :: essays research papers

The Dutch artist Maurits C. Escher (1898-1972) was a draftsman, book illustrator, tapestry designer, and muralist, but his primary work was as a printmaker. Born in Leeuwarden, Holland, the son of a civil engineer, Escher spent most of his childhood in Arnhem. Aspiring to be an architect, Escher enrolled in the School for Architecture and Decorative Arts in Harlem. While studying there from 1919 to 1922, his emphasis shifted from architecture to drawing and printmaking upon the encouragement of his teacher Samuel Jessurun de Mesquita. In 1924 Escher married Jetta Umiker, and the couple settled in Rome to raise a family. They resided in Italy until 1935, when growing political turmoil forced them to move first to Switzerland, then to Belgium. In 1941, with World War II under way and German troops occupying Brussels, Escher returned to Holland and settled in Baarn, where he lived and worked until shortly before his death. The main subjects of Escher's early art are Rome and the Italian countryside. While living in Italy from 1922 to 1935, he spent the spring and summer months traveling throughout the country to make drawings. Later, in his studio in Rome, Escher developed these into prints. Whether depicting the winding roads of the Italian countryside, the dense architecture of small hillside towns, or details of massive buildings in Rome, Escher often created enigmatic spatial effects by combining various -- often conflicting -- vantage points, for instance, looking up and down at the same time. He frequently made such effects more dramatic through his treatment of light, using vivid contrasts of black and white. After Escher left Italy in 1935, his interest shifted from landscape to something he described as "mental imagery," often based on theoretical premises. The lavish tile work adorning the Moorish architecture suggested new directions in the use of color and the flattened patterning of interlocking forms. Replacing the abstract patterns of Moorish tiles with recognizable figures, in the late 1930s Escher developed "the regular division of the plane." The artist also used this concept in creating his Metamorphosis prints. Starting in the 1920s, the idea of "metamorphosis" -- one shape or object turning into something completely different -- became one of Escher's favorite themes. After 1935, Escher also increasingly explored complex architectural mazes involving perspective games and the representation of impossible spaces.

green house effect :: essays research papers

GREEN HOUSE EFFECT INTRODUCTION In temperate countries some economically important plants that cannot grow outside at a very low temperature during the winter are grown in glass-walled & glass-roofed growth chambers (known as glass houses)exposed to sunlight. Glass houses are also used in sub tropiacal regions during winter months & relatively cold high altitude for high value horticultural annual crops including flowers on a cmmercial scale as well as for research work especially for breeding of new varities & crop physiological & pathological studies. Temperature within the glass house rises because of the glass of the roof & walls through it allows entry of sunlight with little obstruction,resist the escaping of the reflected light of longer wave-lengths rich in infra-red rays resulting in a heat built up. Such glass houses are called green housesas the light & heat within such houses prove very effective for profuse growth of green plants. The property of trapping heat by carbon di oxide & other gases of the atmosphere is similar to the glass cover of green house that reasists the escaping of heat radiated from inside of the house.As such, these atmospheric gases are called green house gases that resist the escaping of radiated heat from the earth by absorbing infra red rays & particularly reflecting the trapped heat back to earth's surface.this phenomenon is therefore called the green-house effect in wicch certain atmospheric gases act in a manner similar to the glass cover of glass house,as earth itself act as a green-house. MAJOR GREEN HOUSE GASES The major sources of green house gases are (i)CARBON DI OXIDE - It comes from burning of fossil fuels &from deforrestation. (ii)METHANE- It comes from paddy field,burning of wood,wetland etc. (iii)CHLOROFLURO CARBONS -which is populary known as CFC. It comes from air conditioning industry,foam packaging industries. (iv)NITROUS OXIDE-It comes from coal burning,motor veicheles,breakdown of chemial fertilizer,biomass burning. Carbon-di-oxide is the major green-house gas responsible for more than 55% of the green-house-effect. Methane is responsible for 20%,CFC is responsible for 15% & NO is responsible for 5% of the green-house effect. If the amount of carbon-di-oxide & other green-house gases would increase in the atmsphere ,the temperature on the surface of the earth & that of the layers of air adjuscent to the surface would increase,on the other hand global temperature would increase with the decrase in amount of the green house gases in the atmosphere.In fact the amount of all the green-house gase in the atmosphere is gradually increasing, as a result of which it is predicted that the global temperature would increase & there would be climatic changes on the earth resulting in adverse effects on the ecosystem of earth.

Education and Teaching - No Saturday Classes for Public Schools :: Argumentative Persuasive Essays

No Saturday School!      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Some people think American students should attend school on Saturday.   These people think that the extra day would bring America's education level closer to those of other countries. However, I disagree.   I think having school on Saturday would actually lower our education level. The Saturday classes would diminish family time for students.   The extra day of classes would cut down on work days for students.   Saturday classes would also mean one less day of rest for both students and teachers alike.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Less time with a family could lower a student's grade point average.   For some students, Saturday is the only time they can see family.   This would be true for students whose parents are divorced or who both work Monday through Friday.   Not seeing family could lead to a bad attitude or severe depression.   Some students have close relationships with their parents and want or need to spend time with their parents.   A student with a bad attitude or severe depression cannot learn well and perform well in class.   Not being able to learn well will not bring an already low education level up.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The extra day of school would cut down on work days for students.   A cut-down on work hours during the weekend could influence a student to work more late-night hours to earn money for car payments or college funds.   That would create a very tired, unprepared student.   That student, in turn, will not do well with school work.   The extra day of school would take away from any other job a teacher may have.   Some teachers have additional jobs to earn extra money. Less time to work another job could create a bad attitude.   A teacher with a bad attitude will not be able to teach effectively.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   One extra day of school cuts into precious relaxation time of students and teachers alike. Just one day may not sound like a lot; but, to a busy student, it could mean the difference between an A and a B.   That one extra day of rest can change an attitude easily.   With one day of rest and one more day to do homework, a student can have time to avoid a jam-packed schedule for a day.

Final Exam: Corporations Essay

Question 1: Buttercup Corporation issued 250 shares of $11 par value common stock for $4,125. Prepare Buttercup’ journal entry. Question 2: Wilco Corporation has the following account balances at December 31, 2012. Common stock, $5 par value $511,670 Treasury stock 95,260 Retained earnings 2,400,840 Paid-in capital in excess of par 1,320,150 Prepare Wilco’s December 31, 2012, stockholders’ equity section Question 3: Woolford Inc. declared a cash dividend of $1.38 per share on its 2.22 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare the journal entries necessary on those three dates. Question 4: The outstanding capital stock of Pennington Corporation consists of 3,100 shares of $109 par value, 6% preferred, and 5,700 shares of $52 par value common. Assuming that the company has retained earnings of $83,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. Question 5: Martinez Company’s ledger shows the following balances on December 31, 2012. 5% Preferred stock-$10 par value, outstanding 22,480 shares $224,800 Common stock-$100 par value, outstanding 33,720 shares 3,372,000 Retained earnings 708,120 Assuming that the directors decide to declare total dividends in the amount of $298,984, determine how much each class of stock should receive under each of the conditions stated below. One year’s dividends are in arrears on the preferred stock. Question 6: On January 1, 2012, Barwood Corporation granted 5,040 options to executives. Each option entitles the holder to purchase one share of Barwood’s $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $72 per share on the date of grant. The fair value of the options at the grant date is $154,000. The period of benefit is 2 years. Prepare Barwood’s  journal entries for January 1, 2012, and December 31, 2012 and 2013. Question 7: Rockland Corporation earned net income of $340,800 in 2012 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $908,800 of 10% bonds, which are convertible into 18,176 shares of common. Rockland’s tax rate is 40 percent. Compute Rockland’s 2012 diluted earnings per share. Question 8: DiCenta Corporation reported net income of $250,000 in 2012 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,410 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. DiCenta’ tax rate is 40%. Compute DiCenta’ 2012 diluted earnings per share. Question 9: Ferraro, Inc. established a stock appreciation rights (SAR) program on January 1, 2012, which entitles executives to receive cash at the date of exercise for the difference between the market price of the stock and the pre-established price of $24 on 5,050 SARs. The required service period is 2 years. The fair value of the SAR’s are determined to be $6 on December 31, 2012, and $13 on December 31, 2013. Question 10: Hillsborough Co. has an available-for-sale investment in the bonds of Schuyler with a carrying (and fair) value of $88,020. Hillsborough determined that due to poor economic prospects for Schuyler, the bonds have decreased in value to $57,020. It is determined that this loss in value is other-than temporary. Prepare the journal entry, if any, to record the reduction in value. Question 11: Capriati Corporation made the following cash purchases of securities during 2012, which is the first year in which Arantxa invested in securities. 1. On January 15, purchased 11,700 shares of Gonzalez Company’s common stock at $43.55 per share plus commission $2,574. 2. On April 1, purchased 6,500 shares of Belmont Co.’s common stock at $67.60 per share plus commission $4,381. 3. On September 10, purchased 9,100 shares of Thep Co.’s preferred stock at $34.45 per share plus commission $6,383. On May 20, 2012, Capriati sold 3,900 shares of Gonzalez Company’s common stock at a market price of $45.50 per share less brokerage commissions, taxes, and fees of $3,705. The year-end fair values per share were: Gonzalez $39.00, Belmont $71.50, and Thep $36.40. In addition, the chief accountant of Capriati told you that Capriati Corporation plans to hold these securities for the long term but may sell them in order to earn profits from appreciation in pri ces. Question 12: (Journal Entries for Fair Value and Equity Methods) Presented below are two independent situations. Prepare all necessary journal entries in 2012 for each situation. Situation 1 Hatcher Cosmetics acquired 10% of the 207,400 shares of common stock of Ramirez Fashion at a total cost of $15 per share on March 18, 2012. On June 30, Ramirez declared and paid a $80,200 cash dividend. On December 31, Ramirez reported net income of $123,500 for the year. At December 31, the market price of Ramirez Fashion was $18 per share. The securities are classified as available-for-sale. Situation 2 Holmes, Inc. obtained significant influence over Nadal Corporation by buying 25% of Nadal’s 30,800 outstanding shares of common stock at a total cost of $9 per share on January 1, 2012. On June 15, Nadal declared and paid a cash dividend of $43,800. On December 31, Nadal reported a net income of $90,500 for the year. Question 13: (Equity Method) Gator Co. invested $1,380,000 in Demo Co. for 25% of its outstanding stock. Demo Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Demo to answer the following questions. Question 14: (Fair Value and Equity Method Compared). Gregory Inc. acquired 20% of the outstanding common stock of Handerson Inc. on December 31, 2012. The purchase price was $1,320,000 for 50,000 shares. Handerson Inc. declared and paid an $0.87 per share cash dividend on June 30 and on December 31, 2013. Handerson reported net income of $741,000 for 2013. The fair value of Handerson’s stock was $32 per share at December 31, 2013. Question 15: (Call Option). On January 2, 2012, Jones Company purchases a call option for $450 on Merchant common stock. The call option gives Jones the option to buy 1,000 shares of Merchant at a strike price of $50 per share. The market price of a Merchant share is $50 on January 2, 2012 (the intrinsic value is therefore $0). On March 31, 2012, the market price for Merchant stock is $60 per share, and the time value of the option is $200. Question 16: In 2012, Amirante Corporation had pretax financial income of $207,000 and taxable income of $166,400. The difference is due to the use of different  depreciation methods for tax and accounting purposes. The effective tax rate is 40%. Compute the amount to be reported as income taxes payable at December 31, 2012. Question 17: At December 31, 2012, Fell Corporation had a deferred tax liability of $732,802, resulting from future taxable amounts of $2,155,300 and an enacted tax rate of 34%. In May 2013, a new income tax act is signed into law that raises the tax rate to 42% for 2013 and future years. Prepare the journal entry for Fell to adjust the deferred tax liability. Question 18: AMR Corporation (parent company of American Airlines) reported the following for 2009 (in millions). Service cost $405 Interest cost on P.B.O 736 Return on plan assets 825 Amortization of service cost 29 Amortization of loss 66 Compute AMR Corporation’s 2009 pension expense (in millions). Question 19: For Warren Corporation, year-end plan assets were $2,094,700. At the beginning of the year, plan assets were $1,762,400. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Compute Warren’s actual return on plan assets. Question 20: For 2010, Campbell Soup Company had pension expense of $48 million and contributed $296 million to the pension fund. Prepare Campbell Soup Company’s journal entry to record pension expense and funding. Question 21: Lahey Corp. has three defined-benefit pension plans as follows. Pension Assets (at Fair Value) Projected Benefit Obligation Plan X $637,500 $504,000 Plan Y 902,200 739,900 Plan Z 584,600 713,200 How will Lahey report these multiple plans in its financial statements? Question 22: For 2012, Sampsell Inc. computed its annual postretirement expense as $278,680. Sampsell’s contribution to the plan during 2012 was $185,750. Prepare Sampsell’s 2012 entry to record postretirement expense. Question 23: Wertz Corporation decided at the beginning of 2012 to change  from the completed-contract method to the percentage-of-completion method for financial reporting purposes. The company will continue to use completed-contract method for tax purposes. For years prior to 2012, pre-tax income under the two methods was as follows: percentage-of-completion $143,000, and completed-contract $65,800. The tax rate is 32%. Prepare Wertz’s 2012 journal entry to record the change in accounting principle. Question 24: In 2012, Bailey Corporation discovered that equipment purchased on January 1, 2010, for $50,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage value. The effective tax rate is 29%. Prepare Hiatt’s 2012 journal entry to correct the error. Question 25: At January 1, 2012, Beilder Company reported retained earnings of $2,027,300. In 2012, Beilder discovered that 2011 depreciation expense was understated by $442,300. In 2012, net income was $931,270 and dividends declared were $204,310. The tax rate is 38%. Complete the 2012 retained earnings statement for Beilder Company. Question 26: Simmons Corporation owns stock of Armstrong, Inc. Prior to 2012, the investment was accounted for using the equity method. In early 2012, Simmons sold part of its investment in Armstrong, and began using the fair value method. In 2012, Armstrong earned net income of $81,100 and paid dividends of $90,400. Prepare Simmons’s entries related to Armstrong’s net income and dividends, assuming Simmons now owns 11% of Armstrong’s stock. Question 27: Manno Corporation has the following information available concerning its postretirement benefit plan for 2012. Service cost $53,750 Interest cost 58,360 Actual return on plan assets 40,190 Compute Manno’s 2012 postretirement expense Question 28: Ravonette Corporation issued 310 shares of $13 par value common stock and 130 shares of $47 par value preferred stock for a lump sum of $17,500. The common stock has a market price of $22 per share, and the preferred stock has a market price of $98 per share. Prepare the journal entry to record the issuance Question 29: Garfield Company purchased, as a held-to-maturity investment, $82,400 of the 9%, 8-year bonds of Chester Corporation for $73,919, which provides an 11% return. Prepare Garfield’s journal entries for (a) the purchase of the investment and (b) the receipt  of annual interest and discount amortization. Assume effective interest amortization is used. Question 30: Clydesdale Corporation has a cumulative temporary difference related to depreciation of $606,600 at December 31, 2012. This difference will reverse as follows: 2013, $43,100; 2014, $264,300; and 2015, $299,200. Enacted tax rates are 34% for 2013 and 2014, and 40% for 2015. Compute the amount Clydesdale should report as a deferred tax liability at December 31, 2012