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Sandi wants to buy a $1100 television set in 3 months. How much should she invest at 9% simple interest now to have the money then? (Round your final answer to two decimal places.)
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Risk Management Plan.edited
What are the top legal, safety, environmental, and financial risks, and opportunities identified? The primary legal risk t ...
Risk Management Plan.edited
What are the top legal, safety, environmental, and financial risks, and opportunities identified? The primary legal risk that the report identifies is ...
How much does the company have in Assets?, Exam Financial Accounting
1. A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How much does the company have in Assets? 2 ...
How much does the company have in Assets?, Exam Financial Accounting
1. A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How much does the company have in Assets? 2. Beginning Retained Earnings are $65,000; sales are $29,500; expenses are $33,000; and dividends paid are $3,500. How much is the net income or loss for the company? 3. The account “Salaries Expense” began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and an increase of $350. What is the final balance of the “Salaries Expense” account, and is it a debit or credit? 4. A $375 purchase of supplies on account was recorded by debiting Supplies for $375 and crediting Cash for $375. What is the journal entry needed to correct this error? 5. Allied, Inc. bought a two-year insurance policy on August 1 for $3,600. What is the adjusting journal entry on December 31? E x am i n a t i o n E x am i n a t i o n Financial Accounting 6. A company started the year with no supplies. During the year they bought $200 worth of supplies on account and later paid $150 of this debt. If there were $40 worth of supplies left at the end of the year, what is the supply expense for the period? 7. ABC Corporation has received an invoice for $4,500 with terms of 3/15, n/50. If ABC pays the invoice on the seventeenth day, what is the effect on the Cash account and will the Cash account be debited or credited? 8. Bond and Associates has the following account balances listed in alphabetical order: Accumulated Depreciation, $23,000; Accounts Payable, $8,500; Accounts Receivable, $12,000; Cash, $3,500; Equipment, $44,000; Land, $21,000; Mortgage Payable, $45,000; Prepaid Insurance, $7,500; Supplies, $2,000; Unearned Revenue, $6,000; Wages Payable, $4,500. How much are Bond and Associates’ current liabilities? 9. Olympic Enterprises has the following inventory data: Assuming average cost, what is the cost of goods sold for the June 14 sale?Date Quantity Unit cost June 1 Beginning inventory 5 $52 June 4 Purchase 10 $55 June 7 Sale 12 June 11 Purchase 9 $58 June 14 Sale 8 10. A company has $4,500 in net sales, $3,200 in gross profit, $1,300 in ending inventory, and $1,800 in beginning inventory. What is the company’s cost of goods sold? 11. Goods available for sale are $40,000; beginning inventory is $16,000; ending inventory is $20,000; and the cost of goods sold is $50,000. What is the inventory turnover? 12. Which element of internal control deals with establishing procedures for things such as handling of incoming checks, and which element deals with the oversight of the internal control systems? 13. What is an audit opinion?14. A company has $235,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has a $7,250 credit balance. If the company estimates 7% of credit sales will be uncollectible, what is the amount of the journal entry to record estimated uncollectible accounts? 15. Bestway, Inc. had credit sales of $142,000 for the period. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway estimates that 2% of credit sales will be uncollectible, what is the required journal entry to record estimated uncollectible accounts? 16. An asset has a cost of $50,000, with a residual value of $10,000. It has a life of 5 years and was purchased on January 1. Under double-declining-balance, what is the asset’s fourth full year of depreciation expense? 17. A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. What is the journal entry for this transaction? 18. On January 1, Bixby Machine signed a $210,000, 6%, 30-year mortgage that requires semiannual payments of $7,585 on June 30 and December 31 of each year. What is the correct journal entry for recording the second semiannual payment (round interest calculation to the nearest dollar)? 19. On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 and December 31. What is the correct entry for recording the June 30 interest payment on the bonds? 20. Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will the preferred and common stockholders receive on the date of payment? 21. Allied Industries, Inc. has 250,000 shares of $7-par common stock outstanding. They have declared a 7% stock dividend. The current market price of the common stock is $11/share. What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration? 22. Accounts receivable amounts to $215,000 for the beginning of the year and $245,000 for the end of the year. Income reported on the income statement for the year is $300,000. How much is the cash flow from operating activities on the cash flow statement using the indirect method?23. Operating expenses other than depreciation for the year were $400,000. Accrued expenses increased by $35,000. What are the cash payments for operating expenses reported on the cash flow statement using the direct method? 24. Red Line, Inc. has a cash balance of $80,000, short-term investments of $20,000, net receivables of $60,000, and inventory of $450,000. Current liabilities total $200,000. What is Red Line’s quick ratio? 25. River City, Inc. reported the following for 2014:Net sales $220,000 Net income $37,000 Market price per share of common stock $28.75 Dividends $4,100 Average number of shares of common stock outstanding 10,000 What are the earnings per share for River City, Inc. (to the nearest cent)?
154 pages
The research process
The research process consists of seven steps: 1. understand the assignment topic/question(s) 2. decide what sort of inform ...
The research process
The research process consists of seven steps: 1. understand the assignment topic/question(s) 2. decide what sort of information you need to complete the assignment 3. decide where to look for this information 4. develop and use a search strategy 5. evaluate the information found and revise the plan as necessary 6. present your response to the assignment topic/question 7. final evaluation of your research approach
Case Study Two: Landlord/Tenant, writing homework help
Case StudyTwo: Sam Stevens lives in an apartment building where he has been working on his new invention, a machine that ...
Case Study Two: Landlord/Tenant, writing homework help
Case StudyTwo: Sam Stevens lives in an apartment building where he has been working on his new invention, a machine that plays the sound of a barking dog to scareoff potential intruders. A national chain store that sells safety products wantsto sell Sam’s product exclusively. Although Sam and the chain store never signed a contract, Sam verbally told a store manager several months ago that he would ship 1,000 units. Sam comeshome from work one day and finds two letters in his mailbox. One is an eviction notice from his landlord, Quinn, telling him he has to be out of the apartment in 30 days because his barking devicehas been bothering the other tenants. It also states that Sam was not allowed to conduct a business from his apartment. Sam is angry because he specifically told Quinn that he was working on a new invention, and Quinn had wished him luck. The second letter is from the chain store, demanding that Sam deliver the promised 1,000 units immediately. Specifically, the following critical elementsmust be addressed:A. Analyze the elements of this case to determine whether a valid contract exists between Sam and the chain store. Support your response by identifying the elements of a valid contract in your analysis.B. Assume there is not a valid contract between Sam and the chain store. Analyze the elements of a quasi-contract and a promissory estoppel to determine whether the chain store would prevail on a claim of either. Why or why not? Include support for your analysis.C. Identify the rights and obligations of both the landlord and tenant under a standard residential lease agreement.D.Based upon those rights and obligations, does Sam’s landlord have grounds to evict? Why or why not?E. Further, what defenses might Sam raise to an eviction action? Support your response.
Respond with a paragraph, citations and references
Select a global health issue affecting the international health
community. Briefly describe the global health issue and ...
Respond with a paragraph, citations and references
Select a global health issue affecting the international health
community. Briefly describe the global health issue and its impact on
the larger public health care systems (i.e., continents, regions,
countries, states, and health departments). Discuss how health care
delivery systems work collaboratively to address global health
concerns and some of the stakeholders that work on these issues. (minimum 200 words)
Epidemiology assignment Part 1: Vital Registry Systems, writing homework help
This purpose of this assignment is to provide you with an opportunity to use descriptive epidemiology to calculate the amo ...
Epidemiology assignment Part 1: Vital Registry Systems, writing homework help
This purpose of this assignment is to provide you with an opportunity to use descriptive epidemiology to calculate the amount and distribution of disease.Part 1: Vital Registry Systems Research the vital registry or disease surveillance data from your home state, or any state in the U.S.Choose one (1) health status measure that interests you.Document the following data in a table using Microsoft Excel 2010. Note: You must create an original data table. Do not cut and paste a data table.Identify three consecutive reporting periods (usually calendar years) of incidence or prevalence data. Identify the reporting periods.Identify the population characteristic (age group, gender, race/ethnicity, location) included in the health measure.Write a brief descriptive summary of your research findings. (An appropriate length is one to two paragraphs). Include your summary in the same file as your table.Part 2: Displaying DataPresenting data in a method that informs an audience, illustrates the relevant aspects of a study and simplifies complex concepts is a critical skill epidemiologists must develop. As a future healthcare professional, you also must develop basic skills to display your research.Using the data table you developed in Part 1, create a chart or graph using Microsoft Excel 2010 to illustrate your research. Develop this chart or graph in the same file as Part 1.Briefly explain why you chose the chart or graph to display your data. You may type this information in the Excel file with the chart.Consider your target audience to be ECPI students. Use the figures found in the text and your vital records or disease surveillance research source as a reference. Label the X and Y axis of your graphs. Note: The rate of change between reporting periods is not required.
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Most Popular Content
17 pages
Risk Management Plan.edited
What are the top legal, safety, environmental, and financial risks, and opportunities identified? The primary legal risk t ...
Risk Management Plan.edited
What are the top legal, safety, environmental, and financial risks, and opportunities identified? The primary legal risk that the report identifies is ...
How much does the company have in Assets?, Exam Financial Accounting
1. A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How much does the company have in Assets? 2 ...
How much does the company have in Assets?, Exam Financial Accounting
1. A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How much does the company have in Assets? 2. Beginning Retained Earnings are $65,000; sales are $29,500; expenses are $33,000; and dividends paid are $3,500. How much is the net income or loss for the company? 3. The account “Salaries Expense” began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and an increase of $350. What is the final balance of the “Salaries Expense” account, and is it a debit or credit? 4. A $375 purchase of supplies on account was recorded by debiting Supplies for $375 and crediting Cash for $375. What is the journal entry needed to correct this error? 5. Allied, Inc. bought a two-year insurance policy on August 1 for $3,600. What is the adjusting journal entry on December 31? E x am i n a t i o n E x am i n a t i o n Financial Accounting 6. A company started the year with no supplies. During the year they bought $200 worth of supplies on account and later paid $150 of this debt. If there were $40 worth of supplies left at the end of the year, what is the supply expense for the period? 7. ABC Corporation has received an invoice for $4,500 with terms of 3/15, n/50. If ABC pays the invoice on the seventeenth day, what is the effect on the Cash account and will the Cash account be debited or credited? 8. Bond and Associates has the following account balances listed in alphabetical order: Accumulated Depreciation, $23,000; Accounts Payable, $8,500; Accounts Receivable, $12,000; Cash, $3,500; Equipment, $44,000; Land, $21,000; Mortgage Payable, $45,000; Prepaid Insurance, $7,500; Supplies, $2,000; Unearned Revenue, $6,000; Wages Payable, $4,500. How much are Bond and Associates’ current liabilities? 9. Olympic Enterprises has the following inventory data: Assuming average cost, what is the cost of goods sold for the June 14 sale?Date Quantity Unit cost June 1 Beginning inventory 5 $52 June 4 Purchase 10 $55 June 7 Sale 12 June 11 Purchase 9 $58 June 14 Sale 8 10. A company has $4,500 in net sales, $3,200 in gross profit, $1,300 in ending inventory, and $1,800 in beginning inventory. What is the company’s cost of goods sold? 11. Goods available for sale are $40,000; beginning inventory is $16,000; ending inventory is $20,000; and the cost of goods sold is $50,000. What is the inventory turnover? 12. Which element of internal control deals with establishing procedures for things such as handling of incoming checks, and which element deals with the oversight of the internal control systems? 13. What is an audit opinion?14. A company has $235,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has a $7,250 credit balance. If the company estimates 7% of credit sales will be uncollectible, what is the amount of the journal entry to record estimated uncollectible accounts? 15. Bestway, Inc. had credit sales of $142,000 for the period. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway estimates that 2% of credit sales will be uncollectible, what is the required journal entry to record estimated uncollectible accounts? 16. An asset has a cost of $50,000, with a residual value of $10,000. It has a life of 5 years and was purchased on January 1. Under double-declining-balance, what is the asset’s fourth full year of depreciation expense? 17. A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. What is the journal entry for this transaction? 18. On January 1, Bixby Machine signed a $210,000, 6%, 30-year mortgage that requires semiannual payments of $7,585 on June 30 and December 31 of each year. What is the correct journal entry for recording the second semiannual payment (round interest calculation to the nearest dollar)? 19. On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 and December 31. What is the correct entry for recording the June 30 interest payment on the bonds? 20. Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will the preferred and common stockholders receive on the date of payment? 21. Allied Industries, Inc. has 250,000 shares of $7-par common stock outstanding. They have declared a 7% stock dividend. The current market price of the common stock is $11/share. What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration? 22. Accounts receivable amounts to $215,000 for the beginning of the year and $245,000 for the end of the year. Income reported on the income statement for the year is $300,000. How much is the cash flow from operating activities on the cash flow statement using the indirect method?23. Operating expenses other than depreciation for the year were $400,000. Accrued expenses increased by $35,000. What are the cash payments for operating expenses reported on the cash flow statement using the direct method? 24. Red Line, Inc. has a cash balance of $80,000, short-term investments of $20,000, net receivables of $60,000, and inventory of $450,000. Current liabilities total $200,000. What is Red Line’s quick ratio? 25. River City, Inc. reported the following for 2014:Net sales $220,000 Net income $37,000 Market price per share of common stock $28.75 Dividends $4,100 Average number of shares of common stock outstanding 10,000 What are the earnings per share for River City, Inc. (to the nearest cent)?
154 pages
The research process
The research process consists of seven steps: 1. understand the assignment topic/question(s) 2. decide what sort of inform ...
The research process
The research process consists of seven steps: 1. understand the assignment topic/question(s) 2. decide what sort of information you need to complete the assignment 3. decide where to look for this information 4. develop and use a search strategy 5. evaluate the information found and revise the plan as necessary 6. present your response to the assignment topic/question 7. final evaluation of your research approach
Case Study Two: Landlord/Tenant, writing homework help
Case StudyTwo: Sam Stevens lives in an apartment building where he has been working on his new invention, a machine that ...
Case Study Two: Landlord/Tenant, writing homework help
Case StudyTwo: Sam Stevens lives in an apartment building where he has been working on his new invention, a machine that plays the sound of a barking dog to scareoff potential intruders. A national chain store that sells safety products wantsto sell Sam’s product exclusively. Although Sam and the chain store never signed a contract, Sam verbally told a store manager several months ago that he would ship 1,000 units. Sam comeshome from work one day and finds two letters in his mailbox. One is an eviction notice from his landlord, Quinn, telling him he has to be out of the apartment in 30 days because his barking devicehas been bothering the other tenants. It also states that Sam was not allowed to conduct a business from his apartment. Sam is angry because he specifically told Quinn that he was working on a new invention, and Quinn had wished him luck. The second letter is from the chain store, demanding that Sam deliver the promised 1,000 units immediately. Specifically, the following critical elementsmust be addressed:A. Analyze the elements of this case to determine whether a valid contract exists between Sam and the chain store. Support your response by identifying the elements of a valid contract in your analysis.B. Assume there is not a valid contract between Sam and the chain store. Analyze the elements of a quasi-contract and a promissory estoppel to determine whether the chain store would prevail on a claim of either. Why or why not? Include support for your analysis.C. Identify the rights and obligations of both the landlord and tenant under a standard residential lease agreement.D.Based upon those rights and obligations, does Sam’s landlord have grounds to evict? Why or why not?E. Further, what defenses might Sam raise to an eviction action? Support your response.
Respond with a paragraph, citations and references
Select a global health issue affecting the international health
community. Briefly describe the global health issue and ...
Respond with a paragraph, citations and references
Select a global health issue affecting the international health
community. Briefly describe the global health issue and its impact on
the larger public health care systems (i.e., continents, regions,
countries, states, and health departments). Discuss how health care
delivery systems work collaboratively to address global health
concerns and some of the stakeholders that work on these issues. (minimum 200 words)
Epidemiology assignment Part 1: Vital Registry Systems, writing homework help
This purpose of this assignment is to provide you with an opportunity to use descriptive epidemiology to calculate the amo ...
Epidemiology assignment Part 1: Vital Registry Systems, writing homework help
This purpose of this assignment is to provide you with an opportunity to use descriptive epidemiology to calculate the amount and distribution of disease.Part 1: Vital Registry Systems Research the vital registry or disease surveillance data from your home state, or any state in the U.S.Choose one (1) health status measure that interests you.Document the following data in a table using Microsoft Excel 2010. Note: You must create an original data table. Do not cut and paste a data table.Identify three consecutive reporting periods (usually calendar years) of incidence or prevalence data. Identify the reporting periods.Identify the population characteristic (age group, gender, race/ethnicity, location) included in the health measure.Write a brief descriptive summary of your research findings. (An appropriate length is one to two paragraphs). Include your summary in the same file as your table.Part 2: Displaying DataPresenting data in a method that informs an audience, illustrates the relevant aspects of a study and simplifies complex concepts is a critical skill epidemiologists must develop. As a future healthcare professional, you also must develop basic skills to display your research.Using the data table you developed in Part 1, create a chart or graph using Microsoft Excel 2010 to illustrate your research. Develop this chart or graph in the same file as Part 1.Briefly explain why you chose the chart or graph to display your data. You may type this information in the Excel file with the chart.Consider your target audience to be ECPI students. Use the figures found in the text and your vital records or disease surveillance research source as a reference. Label the X and Y axis of your graphs. Note: The rate of change between reporting periods is not required.
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