1.
Tuco Salamanca Corp. sold a machine for $4,000 on December 31, 2019. The machine was purchased on January 1, 2016, for $8,500. The residual value was estimated at $500, and the firm uses the straight-line depreciation method with an estimated useful life of 8 years. Which of the statements is correct?
| a. |
The company will record a gain from the sale of $500. |
|
| b. |
The company will report a gain from the sale of $0. |
|
| c. |
The company will record a loss from the sale of $500. |
|
| d. |
The company will report a loss from the sale of $250. |
2.
Which of the following costs will not be part of the value of PP&E that is constructed by a company for internal use?
| a. |
Wages of construction workers. |
|
| b. |
Depreciation of the machines used in the construction. |
|
| c. |
The salary of the CEO. |
|
| d. |
Interest on debt used to finance the construction. |
3.
The depreciation expense will never appear in:
| a. |
The notes to the financial statements. |
|
| b. |
The balance sheet. |
|
| c. |
The income statement. |
|
| d. |
The statement of cash flows. |
4.
Skinny Pete Inc. uses the units method of depreciation for one of its machines. The company bought the machine on March 12, 2017, for $1,400. The company estimates that the machine will be used to produce 300 gadgets in 2017, 500 gadgets in 2018, and 400 gadgets in 2019. The company further estimates that the machine has a residual value of $200. The machine was sold on December 31, 2018, for $600. Which of the statements is correct?
| a. |
The company will report a loss from the sale of $300. |
|
| b. |
The company will record a gain from the sale of $333.33. |
|
| c. |
The company will record a loss from the sale of $333.33. |
|
| d. |
The company will report a gain from the sale of $0. |
In: Accounting
A block is attached to the top of a spring that stands vertically on a table. The spring stiffness is 49 N/m, its relaxed length is 27 cm, and the mass of the block is 300 g. The block is oscillating up and down as the spring stretches and compresses. At a particular time you observe that the velocity of the block is <0, 0.0877, 0> m/s and the position of the block is <0, 0.0798, 0> m relative to an origin at the base of the spring. Using a time step of 0.1 s, determine the position of the block 0.2 s later. The correct answer is .373651. How was this answer found?
In: Physics
The syntax of a language is quite simple. The alphabet of the
language is {a, b, d, #} where # stands for a space. The grammar
is
<sentence> → <word> | <sentence> #
<word>
<word> → <syllable> | <syllable> <word>
<syllable>
<syllable> → <plosive> | <plosive> <stop> |
a <plosive> | a <stop>
<plosive> → <stop> a
<stop> → b | d
Which of the following speakers is an imposter? An impostor does
not follow the rules of the language.
a: ba#ababadada#bad#dabbada Chimp:
b: abdabaadab#ada
c: Baboon: dad#ad#abaadad#badadbaad
In: Computer Science
How does accounting for a nongovernmental not-for-profit organization differ from accounting for a for-profit corporation? Choose a not-for-profit, review its financial statements, and explain the items that you find that are different from what you would see in the financial statements of a for-profit corporation.
In: Accounting
In GoogleCollab (Python)
In: Computer Science
Never forget that even small effects can be statistically significant if the samples are large. To illustrate this fact, consider a sample of 129 small businesses. During a three-year period, 14 of the 100 headed by men and 5 of the 29 headed by women failed.
(a) Find the proportions of failures for businesses headed by
women and businesses headed by men. These sample proportions are
quite close to each other. Give the P-value for the test of the
hypothesis that the same proportion of women's and men's businesses
fail. (Use the two-sided alternative). What can we conclude (Use
α=0.05α=0.05)?
The P-value was _______
(b) Now suppose that the same sample proportion came from a sample 30 times as large. That is, 150 out of 870 businesses headed by women and 420 out of 3000 businesses headed by men fail. Verify that the proportions of failures are exactly the same as in part (a). Repeat the test for the new data. What can we conclude?
The P-value was _______
(c) It is wise to use a confidence interval to estimate the size of an effect rather than just giving a P-value. Give 95% confidence intervals for the difference between proportions of men's and women's businesses (men minus women) that fail for the settings of both (a) and (b). (Be sure to check that the conditions are met. If the conditions aren't met for one of the intervals, use the same type of interval for both)
Interval for smaller samples: _____ to _____
Interval for larger samples: _____ to _____
In: Math
SHOW WORK FOR CALCULATIONS
1. Complete questions: Define each of the following terms:
a. Operating plan; financial plan
b. Spontaneous liabilities; profit margin; payout ratio
c. Additional funds needed (AFN); AFN equation; capital intensity ratio; self-supporting growth rate
d. Forecasted financial statement approach using percentage of sales e. Excess capacity; lumpy assets; economies of scale
f. Full capacity sales; target fixed assets to sales ratio; required level of fixed assets
2. Complete problem: Premium for Financial Risk XYZ, Inc. has an unlevered beta of 1.0. They are financed with 50% debt and has a levered beta of 1.6. If the risk-free rate is 5.5% and the market risk premium is 6%, how much is the additional premium that XYZ, Inc. shareholders require to be compensated for financial risk? Show your work.
In: Finance
5) Two particles are placed on the y-axis. Particle 1, with a charge of -2 C, is placed at (0,0) and particle 2, which has a charge of 8 C, is placed at (0, 12). The two particles are 12 m apart.
(a) Draw a diagram of the scenario above. Draw the electric field lines of each particle, as if the other particle was not present.
(b) Using the two sets of electric field lines above, draw the net electric field lines for the two particles below.
(c) Which of the following regions cannot have a location where the net field is 0 N/C? (Yes, this is a multiple choice question, but you must select all choices that apply and give a reason why those choice(s) would answer the given question.) (i) Region below of particle 1 (ii) Region between particle 1 and 2 (iii) Region above of particle 2
(d) By now you should have one region remaining that can have a location where the net field is 0 N/C. Determine the coordinate of this location.
In: Physics
In: Operations Management
add the following numbers using 16-bit 2's complement.
show all the steps and calculations.
Please also show steps to verify that the answer is correct.
2368 and -772
In: Computer Science
A 0.300 kg mass is connected to a horizontal spring, with simple
friction between the mass and the surface having a coefficient of
µk = 0.0800. The force constant of the spring is k = 50.0 N/m. What
distance would the mass travel if it were released 0.150 m from
equilibrium with zero initial velocity?
__________m
In: Physics
Bad debts -Direct Write-off and Allowance Methods -
EchoGnomics is a wholesaler of garden figurines, selling mainly to independent gardening shops in Australia. All sales are conducted on a 30-day credit basis and no early payment or cash discounts are given. The following information has been extracted from the accounting records as at 30 June 2020.
Sales $874 000 , Sales Returns & Allowances 45 600 , Cash Collected ($549 600 + GST 10%) 604 560 , Bad Debts to be written off 6 952 , Accounts Receivable written off ($6 952 + GST10%) 7 647 GST Payable/ Collections (874 000 -$45 600) x 10% = 82 840
Required:
A. Assuming that EchoGnomics uses the direct write-off method of accounting for bad debts:
1. Show the general journal entry required to write-off method of accounting for bad debts.
2. What amount would be shown for bad debts expense in the income statement at 30June 2020?
3. What amount would beshown for accounts receivable in the balance sheet at 30 June2020?
B. Assuming that EchoGnomics uses the allowance method for accounting for bad debts and the following information was found after examination of the accounts:
i] Allowance for doubtful debts (1 July 2019)$7 920 Cr . ii] Allowance calculated based on 1% of net credit sales for the year
1. Show the general journal entries required to write off the bad debts and recognise the required allowance for doubtful debts.
2. What amount would be shown for bad debts expense in the income statement at 30 June 2020?
3. What amount would be shown for accounts receivable in the balance sheet at 30 June 2020?
In: Accounting
| COMPARATIVE BALANCE SHEET | |||
| December 31, | 2019 | 218 | 2017 |
| Assets | |||
| Current assets | |||
| Cash | $ 3,343,212 | $525,710 | $658,079 |
| Marketable Securities | 120,000 | 75,000 | 15,000 |
| Accounts receivable | 1,883,580 | 455,000 | 525,000 |
| Allowance for Bad Debt | (226,030) | (25,000) | (105,000) |
| Interest Receivable | 77,378 | 23,676 | 21,574 |
| Prepaid Advertising | 4,658 | - | - |
| Prepaid Insurance | 312,003 | 139,836 | 148,945 |
| Prepaid Rent | 111,208 | 29,050 | 34,982 |
| Office Supplies | 16,120 | 3,520 | 5,400 |
| Inventory | 757,350 | 975,000 | 775,000 |
| Total Current Assets | 6,399,479 | $2,201,792 | $2,078,980 |
| Non-Current Assets | |||
| Office Furniture | 93,000 | - | - |
| Accumulated Depreciation | (8,400) | ||
| Equipment | 4,760,000 | 5,000,000 | 5,000,000 |
| Accumulated Depreciation | (2,531,000) | (2,000,000) | (1,500,000) |
| Long-Term Notes Receivable | 285,000 | 285,000 | - |
| Land | 1,140,000 | 1,450,000 | 1,450,000 |
| Patent | 82,000 | - | - |
| Accumulated Amortization | (3,417) | ||
| Total Non-Current Assets | 3,817,183 | 4,735,000 | 4,950,000 |
| Total Assets | $ 10,216,662 | $ 6,936,792 | $ 7,028,980 |
Will you show me a vertical analysis of the assets portion of this balance sheet?
In: Accounting
he plant asset and accumulated depreciation accounts of Pell
Corporation had the following balances at December 31,
2020:
| Plant Asset | Accumulated Depreciation |
||||||
| Land | $ | 355,000 | $ | 0 | |||
| Land improvements | 181,500 | 46,000 | |||||
| Building | 1,510,000 | 355,000 | |||||
| Equipment | 1,168,000 | 410,000 | |||||
| Automobiles | 151,000 | 112,500 | |||||
Transactions during 2021 were as follows:
Required:
For each asset classification, prepare a schedule showing
depreciation for the year ended December 31, 2021, using the
following depreciation methods and useful lives:
Land improvements—Straight line; 15 years.
Building—150% declining balance; 20 years.
Equipment—Straight line; 10 years.
Automobiles—Units-of-production; $0.50 per mile
Depreciation is computed to the nearest month and no residual
values are used. Automobiles were driven 38,500 miles in 2021.
(Do not round intermediate calculations and round your
final answers to 2 decimal places.)
In: Accounting
An automobile has a vertical antenna 1.40 m long. The automobile travels eastward at 65 km/h on a horizontal road where the Earth's magnetic field is 50.2
In: Physics