Pharoah Company, organized in 2019, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2020.
1/2/20 Purchased patent (7-year life) $304,500
4/1/20 Purchase goodwill (indefinite life) 345,000
7/1/20 Purchased franchise with 10-year life; expiration date 7/1/30 425,000
8/1/20 Payment of copyright (5-year life) 150,000
9/1/20 Research and development costs 215,000
$1,439,500
Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answers

Answer 1

Answer:

Date  Account Titles & Explanation               Debit          Credit

          Patents                                                $304,500

          Goodwill                                              $345,000

          Franchises                                           $425,000

          Copyrights                                           $150,000

          Research & Development Expense $215,000

                  Intangible Assets                                             $1,439,500

         (To record Intangible Assets account & to set up separate

          accounts for distinct types of intangibles)


Related Questions

standards for all managers ethical responsibillities are covered in a companys

Answers

Standards for all managers' ethical responsibilities are covered in a company's code of ethics.

The ethical responsibilities of managers are typically outlined in a company's code of conduct, which outlines the standards of behavior expected of all employees. This code of conduct may include topics such as respect for others, honesty, integrity, and compliance with laws and regulations. Additionally, many companies have specific policies and procedures related to ethical decision-making and the reporting of unethical behavior.

Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,000 and payment terms of 1/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at: Group of answer choices

Answers

Answer:

$5,940

Explanation:

Purchase under Net method:

= Gross profit - Discount

= $6,000 - (1% of $6,000)

= $6,000 - $60

= $5,940

Therefore, Alison should record the purchase at $5,940.

On January 2, 2021, L Co. issued at face value $22,500 of 2% bonds convertible in total into 1,500 shares of L's common stock. No bonds were converted during 2021. Throughout 2021, L had 1,500 shares of common stock outstanding. L's 2021 net income was $4,500. L's income tax rate is 20%. No potential common shares other than the convertible bonds were outstanding during 2021. L's diluted earnings per share for 2021 would be: Multiple Choice $1.50. $1.62. $1.65. $3.00.

Answers

Answer:

L's diluted earnings per share for 2021 would be $1.62.

Explanation:

Amount of increase in net income if bonds are converted = Total value of convertible bonds * Bond rate * (100% - Tax rate) = $22,500 * 2% * (100% - 20%) = $360

Total earnings available to Equity Shareholders = Net income + Amount of increase in net income if bonds are converted = $4,500 + $360 = $4,860

Number of common shares obtainable from convertible bonds = 1,500

Total number of shares outstanding = Number of shares of common stock outstanding during 2021 + Number of common shares obtainable from convertible bonds = 1,500 + 1,500 = 3,000

Diluted earnings per share = Total earnings available to Equity Shareholders / Total number of shares outstanding = $4,860 / 3,000 = $1.62

A bus company believes that its diesel fuel expenses might rise in the coming year and wants to create a hedge against the increase. The current price of diesel fuel is $3.50/gallon, and the company uses 10,000 gallons per month. The company purchased a futures contract for 10,000 gallons of diesel at $3.50/gallon to be delivered in six months. The price of the contract was $250.00. In six months, the spot price of diesel fuel is $3.85/gallon. The bus company accepted delivery of the contract commodity. What was the economic substance of the futures contract

Answers

Answer:

The contract produced savings of $3,250

Explanation:

Calculation to determine the economic substance of the futures contract

First step is to calculate the Increased in price of diesel fuel

Increase in diesel fuel price=$3.50/gallon to $3.85/gallon

Increase in diesel fuel price=.35/gallon

Second step is to calculate the amount saved by the firm

Amount saved=$0.35 × 10,000 gallons

Amount saved=$3,500

Now let determine the economic substance of the futures contract

Futures contract economic substance=$3,500 − $250

Futures contract economic substance=$3,250

Therefore the economic substance of the futures contract is $3,250

Campbell Co. has net sales revenue of $1,340,000, cost of goods sold of $760,900, and all other expenses of $299,000. The beginning balance of stockholders' equity is $409,000 and the beginning balance of fixed assets is $370,000. The ending balance of stockholders' equity is $609,000 and the ending balance of fixed assets is $398,000. The fixed asset turnover ratio is closest to:

Answers

Answer:

3.50

Explanation:

Given the information above, we need to find first the Average fixed assets.

Average fixed assets = Fixed assets beginning balance + Fixed assets ending balance / 2

= ($370,000 + $398,000) / 2

= $384,000

Then , the fixed assets turnover will be calculated as;

Fixed assets turnover = Net revenue / Average net fixed assets

= $1,340,000 / $384,000

= 3.50

Therefore, Campbell Co. Fixed asset turnover ratio would be 3.50

Pick one of the three policies to address pollution that are listed below (these are covered in chapter 15, section 15.3) and describe why you believe it to be the best way to curb climate change. Your choices are:
1. Command and control
2. Pollution taxes
3. Cap and trade You must pick one and you must defend it as the best option.

Answers

Answer:

The correct option is the first one: Command and control.

Explanation:

To begin with, all three matters are necessary in order to try to achieve a reduction in the pollution of the planet. However, I do believe that the most important one tend to be the command and control focus due to the fact that the other three will also depend on that matter as well primarily.

So, it is necessary to understand that the "Command and Control" theme refers to the intervention of the government in matters of pollution when it comes to try to protect the environment by regulating the forces of the industry who on purposely damage their work surronding without care. Moreover, this point of view also focus on the control that the laws and regulations have on those companies so that will impact them directly to the way they act.

A firm suffering economic losses decides whether or not to produce in the short run on the basis of whether:_________

a. revenues from operating are sufficient to cover fixed plus variable costs
b. firms suffering economic losses will always shut down
c. Price cover minimum variable costs
d. revenues from operating are sufficient to cover fixed costs

Answers

Answer:

C

Explanation:

A firm is making economic losses if opportunity cost is greater than accounting profit.

In the short run, a firm should shut down if price is less than variable cost.

A short run is the period where all the factors of production are fixed

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

Hourly wage costs and payments for production inputs are variable costs

Variable costs are costs that vary with production

If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.  

Dextra Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). Dextra collects 8% sales tax. Record the entry for the $5,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.
Record the cash sales and 8 % sales tax

Answers

Answer:

Date         General Journal                 Debit      Credit

Sep 30     Cash                                  $5,400

                       Sales                                            $5,000

                       Sales taxes payable                   $400 ($5,000 * 8%)

Sep 30    Cost of goods sold             $3,000

                        Merchandise inventory             $3,000

Oct. 15     Sales taxes payable           $400

                         Cash                                           $400

Dose stockholders get one vote for each share they own?

Answers

Answer:

Investors with common stock are generally allowed one vote per share they own.

Explanation:

Stockholder voting rights are the privileges granted to shareholders of a company to vote on matters that affect the company, such as the election of directors and the approval of major corporate actions, and to have a say in how the company is run.

Investors who own shares of the common stock of a company usually have shareholder voting rights.

Thus, an investor who owns 1,000 shares of stock may have 1,000 votes to cast.

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2. What was the reasons/motives of each contributors/authors behind developing such management theory​

Answers

Explanation:

[tex]Cosθ[/tex]

Cos(θ)

Which of the following tasks is the project manager least likely to be involved
in?
O A. Monitoring the budget
B. Defining the project scope
C. Documenting important project changes
D. Running project meetings

Answers

Answer: A

Explanation: I do t see why the project manager would be worried about the money aspect I think he would only be worried about the task part

Wizard Corp. needs to take out a one-year bank loan of $600,000 and has been offered loan terms by two different banks. One bank has offered a simple interest loan of 10% that requires monthly payments. The loan principal will be paid back at the end of the year. Another bank has offered 7% add-on interest to be repaid in 12 equal monthly installments.
Based on a 360-day year, what will be the monthly payment for each loan for November?
Value
Simple interest monthly payment 58,850.00
Add-on interest monthly payment 48,150.00
42,800.00
53,500.00
Choose the answer that best evaluates the following statement:
A bank loan officer has been approached by a start-up company that needs a five-year loan to purchase the equipment for its first project. The project will have a life of five years. At the end of five years, the equipment will be worthless. The founders of the company told the loan officer that they would be willing to pay a much higher interest rate on a simple interest loan rather than contracting to an add-on interest loan.
A. The loan officer should offer the company an add-on interest loan because there is a high risk that the company will not be able to repay the principal on the loan at the end of the project's life.
B. The loan officer should offer the company a simple interest loan. The bank will make more money in the long run, because it can charge a much higher interest rate.

Answers

Answer: a. $53500

b. A. The loan officer should offer the company an add-on interest loan because there is a high risk that the company will not be able to repay the principal on the loan at the end of the project's life.

Explanation:

a. Based on a 360-day year, the monthly payment for each loan for November will be:

Principal = $600,000

Interest rate = 10%

Simple interest = (P×R×T)/100

= (600000 × 10× 1) /100

= $60000

The simple interest per month which will also be thesame for Novemeber will be:

= 60000/12

= $5000

Since add on interest is 7%, then the interest will be:

= 7% × $600,000

= 0.07 × $600,000

= $42000

Therefore, the interest for month of November will be:

=(600000 +42000)/12

= $642000 / 12

= $53500

b. The answer that best evaluates the statement given is option B. It should be noted that since it's a startup company, there may be challenges in repaying the loan. Therefore, the best scenario will be that the loan should be given on add on interest basis.

In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an order for 40 units of their product Drat at $15.00. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 0 units in March, 159 units in April and 40 units in May. They received payment for 159 units in April, and payment for 40 units in May. How much revenue is recognized on the March income statement from this order

Answers

Answer: 0

Explanation:

Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.

The revenue that is recognized on the March income statement will be 0. This is because the delivery was in April and none took place in March.

what is the most common ways an organization uses the internet for business?

Answers

Answer:

Amazon.com. If you're serious about using the world of internet marketing to build your business, hop on the Amazon Marketplace bandwagon. Blog, Blog, Blog. Social Media Optimization. Online Reviews.

The most common ways an organization uses the internet for business are:

I) advertisements

II) expansion of market online

III) various competitions like hackathons give new innovation for the expansion of organization

Coline has the following capital gain and loss transactions for 2020.
a. Short-term capital gain $6,700
b. Short-term capital loss (2,814)
c. Long-term capital gain (28%) 8,040
d. Long-term capital gain (15%) 2,680
e. Long-term capital loss (28%) (14,070)
After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?

Answers

Answer:

Net short-term capital gain; $536

Explanation:

Calculation to determine the amount and character of Coline's gain or loss

Net short-term capital gain= ([$6,700-$2,814] - [($8,040-$14,070)-$2,680])

Net short-term capital gain= $3,886-$3,350

Net short-term capital gain= $536

Therefore After the capital gain and loss netting process, the amount and character of Coline's gain will be NET SHORT-TERM CAPITAL GAIN of $536

What was the opening price of Dow Jones Industrial Average on Aug 02, 2017 in the format of XXXXX.XX?

Answers

where is the imagery?

ound Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 160,000 shares of stock outstanding. Under Plan II, there would be 110,000 shares of stock outstanding and $1.4 million in debt outstanding. The interest rate on the debt is 7 percent, and there are no taxes. a. If EBIT is $400,000, what is the EPS for each plan

Answers

Answer:EPS of Plan I = $2.50

EPS of Plan II = $2.75

Explanation:

Plan I  Earning per share (EPS) = EBIT ÷ Number of shares

= $400,000 / 160,000 = $2.50

Plan II

Given that  

debt outstanding = $1.4 million and interest rate on debt is 7percent

Interest = $1,400,000 × 7% = $98,000

Plan II's EPS= (EBIT - Interest ) ÷ Number of shares

= ($400,000 - $98,000 )/  110,000

= 302,000/  110,000=2.75

Kelly’s Kites began operations on 1/1/11. When preparing her budget for 2012, Kelly estimated in January that she would sell 5,000 kites to local beach shops, for $10 per kite. She estimated that sales would increase 5% each month from the prior month. All sales are made to the local beach shops on credit. Kelly estimates that 50% of the sales will be collected within the same month of the sale, 40% will be collected the following month, and 10% will be collected two months after the sale. Sales in November, 2011 were 3,500 kites, and in December 2011 were 4,000 kites.
a. Prepare the sales budget for the 1st quarter of 2012.
b. Prepare the cash receipts budget for the 1st quarter of 2012.

Answers

Answer:

Total sales for the Quarter1 is $157,630

Total cash receipts for Quarter1 is $148,315

Explanation:

SALES BUDGET      

  Jan Feb Mar Q1

Budgeted Sales units   5,000 5,250 5,513 15,763

Selling price per unit   10 10 10 10

Total Sales   50,000 52,500 55,130 1,57,630

     

EXPECTED CASH COLLECTIONS      

  Jan Feb Mar Q1

Nov month sales   3,500   3,500

Dec month sales   16000 4000  20000

Jan Month sales   25,000 20000 5000 50,000

Feb month sales    26250 21000 47,250

March month sales     27565 27,565

Total Cash Collections   44,500 50,250 53,565 1,48,315

hnberg Corporation had 540,000 shares of common stock issued and outstanding at January 1. No common shares were issued during the year, but on January 1, Ahnberg issued 160,000 shares of convertible preferred stock. The preferred shares are convertible into 320,000 shares of common stock. During the year Ahnberg paid $96,000 cash dividends on the preferred stock. Net income was $906,000. What were Ahnberg's basic and diluted earnings per share for the year

Answers

Answer: See explanation

Explanation:

Ahnbergs basic earnings per share will be calculated as:

= (Net Income - preferred dividends)/Weighted average shares outstanding

= ($906,000 - $96,000) / 540,000

= $810000 / 540000

= 1.50

The diluted earnings per share will be:

= Total Income - preferred dividends/(outstanding shares + Diluted Shares)

= 906000 / (96000 + 320000)

= 906000 / 416000

= 2.18

_______involves streamlining the processes and communications between the buyer and supplier using software applications​

Answers

Answer:supplier relationship management

Explanation:

Supplier relationship management concerns facilitating the operations and communications between the buyer and supplier using software applications​.

What is supplier relationship management?

Supplier relationship management (SRM) is the method of determining the providers or suppliers that are essential to a business and executing a system of managing connections with those critical suppliers.

The objective of SRM is to increase the importance of supplier connections and to streamline acquisition processes. Without an adequate SRM technique, buyers risk cut off supply chains, etc.

Therefore, Supplier relationship management is concerned with the facilitation of operations and communication between the buyers and the suppliers.

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Selected Balance Sheet Information
Dec. 31, 2019 Dec. 31, 2018
Cash $20,000 $17,500
Accounts receivable 10,500 8,000
Inventory 18,000 21,000
Accounts payable 15,000 10,000
Income taxes payable 1,000 2,500
Burch Company Income Statement
For the year ended December 31, 2019
Sales $250,000
Cost of goods sold (160,000)
Depreciation expense (15,000)
Other expenses (35,000)
Income tax expense (12,000)
Net income $28,000
Required: Compute the net cash flows from operating activities using the indirect method.

Answers

Answer:

$47,000

Explanation:

Computation for the net cash flows from operating activities using the indirect method.

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income $28,000

Adjustments to reconcile net income to

Net cash provided by operating activities

Depreciation expense $15,000

Increase in Accounts Receivable -$2,500 ($8,000-$10,500)

Decrease in inventory $3,000

($21,000-$18,000)

Increase in accounts payable $5,000

(15000-10000)

Decrease in income taxes payable -$1,500 ($1,000-$2,500)

Net cash flows from operating activities $47,000

Therefore the net cash flows from operating activities using the indirect method is $47,000

Presented below is information related to Vaughn Company. Cost Retail Beginning inventory $252,960 $281,000 Purchases 1,368,000 2,097,000 Markups 93,700 Markup cancellations 15,700 Markdowns 36,900 Markdown cancellations 4,900 Sales revenue 2,243,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $enter the dollar amount of the ending inventory using conventional retail inventory method

Answers

Answer:

                               Conventional Retail Method

                                               Cost        Retail      Cost to Retail ratio

Beginning Inventory          252,960    281,000

Add: Net Purchases          1,368,000  2,097,000

Add: Net Markups                                78,000    

                                                              2,456,000

Cost-to-retail Percentage                                        66.00% (1620960/2456000)

Less: Net Markdowns                          -32,000    

Goods Available for Sale  1,620,960   2,424,000

Less: Net Sales                                     -2,243,000

Estimated Ending Inventory at Retail $181,000

Estimated Ending Inventory at Cost  = $181,000*66% = $119,460

Which form of ownership generally has the least ability to accumulate capital? Partnership Sole proprietorship Corporation S-corporatio

Answers

Answer:

Option B (Sole proprietorship) is the right option.

Explanation:

A single trader, as well as an entrepreneur, seems to be an unaccompanied undertaking with only one manager paying payroll taxes even more on profit derived from such an undertaking, would be considered as Sole proprietorship.Considering the lack of state intervention, cooperatives are simple to configure as well as deconstruct or popularize among very small company owners including construction company groups.

Other provided options aren't related to the given scenario. So option B is the correct one.

Vijay Inc. purchased a three-acre tract of land for a building site for $310,000. On the land was a building with an appraised value of $125,000. The company demolished the old building at a cost of $12,600, but was able to sell scrap from the building for $1,610. The cost of title insurance was $880 and attorney fees for reviewing the contract were $410. Property taxes paid were $3,000, of which $170 covered the period subsequent to the purchase date. The capitalized cost of the land is:

Answers

Answer:

See below

Explanation:

Given the above information, the capitalised cost of the land is computed as seen below;

Dwight Donovan, the president of Fanning Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of four years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $108,000 and for Project B are $48,000. The annual expected cash inflows are $51,270 for Project A and $20,675 for Project B. Both investments are expected to provide cash flow benefits for the next three years. Fanning Enterprises’ desired rate of return is 6 percent. (PV of $1 and PVA of $1) Use appropriate factor(s) from the tables provided.)

A. Compute the net present value of each project. Which project should be adopted based on the net present value approach?

B. Compute the approx. internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?

Answers

The net present value of Project A is $29,045.32, and net present value of project B is $22,264.52. The project that should be adopted based on the net present value is project A.

What is net present value?

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

a. The net present value of Project A:

= Present value of cash inflows - Initial expenditure

= (51,270 x present value interest factor, 6%, 3 years) - 108,000

= 51,270 x 2.673012 - 108,000

= $29,045.32

The net present value of Project B:

= 20,675 × 2.673012 - 33,000

= $22,264.52

b. Calculation of Internal Rate of Return:-

The IRR has been calculated using the financial calculator.

The IRR of Project A is 16% and that of Project B is 14%.

IRR of project A is more than Project B,  which means Project A's return is more than project B. As per IRR Approach Project A is better than Project B.

Therefore, as per IRR and net present value approach Project A should be selected.

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A pen producer in a monopolistically competitive market recently changed ink suppliers which caused a decrease in total cost of production. Using the data collected below, which includes the firm's new cost schedule, what should this firm set price and quantity at to maximize profits on pen sales?
Costs of Production for Boxes of Pens
Price Quntity Total Revenue Total Cost Marginal Revenue Marginal Cost
$16 0 $50
$15 50 $750 $700 $15 $13
$14 100 $1,400 $1,350 $13 $12
$13 150 $1,950 $1,850 $11 $11
$12 200 $2,400 $2,350 $9 $10
$11 250 $2,750 $2,800 $7 $9
$10 300 $3,000 $3,200 350 $3 $7

Answers

Answer:

The firm should set price at $13 per pen and quantity at 150 to maximize profits on pen sales.

Explanation:

a) Data and Analysis:

Price  Quantity       Total     Total Cost    Marginal    Marginal

                           Revenue                       Revenue       Cost

$16              0            $50                                  

$15            50         $750         $700            $15            $13

$14           100      $1,400       $1,350            $13            $12

$13          150      $1,950      $1,850            $11             $11

$12          200     $2,400     $2,350              $9            $10

$11           250     $2,750     $2,800              $7             $9

$10          300     $3,000     $3,200              $3             $7

b) The monopolistic competitor's profit-maximizing price and quantity will be at the point where the marginal revenue equals the marginal cost.  In other words, producing 150 pens and selling each for $13, where MC = MR, the producer will maximize its profit.

Marathon Company has 10,000 units of its product that were produced last year at a total cost of $150,000. The units were damaged in a rain storm because the warehouse where they were stored developed a leak in the roof. Marathon can sell the units as is for $2 each or it can repair the units at a total cost of $18,000 and then sell them for $5 each. Should Marathon sell the units as is or repair them and then sell them

Answers

Answer: Marathon should repair the units since an income of $12000 will be gotten.

Explanation:

Based on the information given, the following can be deduced:

Revenue when repaired = 10000 × $5 = $50000

Revenue if sold without repair = 10000 × $2 = $20000

Incremental revenue = $50000 - $20000 = $30000

Cost to repair = $18000

Incremental be Income = $30000 - $18000 = $12000

Therefore, Marathon should repair the units since an income of $12000 will be gotten.

Jane plans on making flyers for the church bake sale. But she's running low on printer paper, so she takes home some paper from work to print them out. It's for
a good cause, but is this ethical?
Yes
No

Answers

It is not ethical for Jane to take papers from work to print flyers for the church bake sale. While the bake sale may be for a good cause, it is not appropriate for Jane to use resources from her work for personal gain or for the benefit of a third party.

Using company resources for personal or external purposes is generally considered to be a violation of ethical standards and workplace policies. In most cases, employees are expected to use company resources only for business-related purposes, and any personal use is strictly prohibited. This includes using company resources such as office supplies, equipment, and facilities for personal projects or for the benefit of a third party.

In addition to the ethical concerns, there may also be practical considerations to consider. For example, if Jane takes a significant amount of paper from work, it could potentially impact the company's operations or disrupt the workflow of her coworkers.

Overall, it is important for Jane to act responsibly and ethically in her use of company resources. Instead of taking papers from work, it would be more appropriate for her to purchase her own paper or seek permission from her employer before using company resources for personal purposes.

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There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,265 and is expected to generate the following cash flows: First Year Second Year Third Year Total Alpha Project $32,000 $22,500 $4,500 $59,000 Beta Project 8,000 23,000 27,627 58,627 A. Calculate the internal rate of return on both projects. Use the IRR spreadsheet function to calculate

Answers

Answer and Explanation:

The computation of the internal rate of return is shown below:

Year            Alpha project Cash flows              Beta project Cash flows

0                   -$35,265                                         -$35,265

1                     $32,000                                         $8,000

2                   $22,500                                          $23,000

3                    $4,500                                           $27,627

IRR                   42%                                                   25%

(a) List the main functions of CU and ALU. [4]
(b) Write the logical steps taken by a computer system along with the roles of
its main units in each step while transforming input data to useful
information.

Answers

Answer:Controlling and arithematic operations

Explanation:

a) The main functions of the Control Unit (CU) and Arithmetic and Logic Unit (ALU) in a computer are:

Control Unit: The CU is responsible for controlling the overall operation of the computer. It fetches instructions from memory, decodes them, and then activates the necessary circuits to execute the instructions.

Arithmetic and Logic Unit: The ALU is the part of the computer that performs arithmetic and logical operations. It can add, subtract, multiply, and divide numbers, as well as perform logical operations such as AND, OR, and NOT.

b) Here are the logical steps taken by a computer system, along with the roles of its main units, in transforming input data to useful information:

Input: The input data is entered into the computer through some type of input device, such as a keyboard or a scanner.

Storage: The input data is stored in the computer's memory (e.g., RAM or hard drive) for processing.

Processing: The Control Unit fetches instructions from memory and decodes them. It then activates the necessary circuits in the Arithmetic and Logic Unit to perform the required operations on the input data.

Output: The processed data is sent to some type of output device, such as a display or printer, for presentation to the user.

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