Distinguish between tangible and intangible benefits.

1. What is order paper and what is bearer paper?

2. What are the main types of negotiable instruments?

3. What is the law merchant?

4. Who owns a corporation?

5. Who are the promoters of a corporation?

6. What does it mean to pierce the corporate veil?

The following information is available for Monty Corporation for 2019 (its first year of operations).

Compute taxable income for 2019.

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019.

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020, assuming taxable income of $303,700.

The following changes took place last year in Pavolik Company’s balance sheet accounts:

D = Decrease; I = Increase.

Long-term investments that cost the company $30 were sold during the year for $64 and land that cost $63 was sold for $33. In addition, the company declared and paid $27 in cash dividends during the year. Besides the sale of land, no other sales or retirements of plant and equipment took place during the year. Pavolik did not retire any bonds during the year or issue any new common stock.

The company’s income statement for the year follows:

The company’s beginning cash balance was $146 and its ending balance was $117.

Required:

1. Use the indirect method to determine the net cash provided by operating activities for the year.

2. Prepare a statement of cash flows for the year.

Four masses are at the corners of a square whose side is 2m long. (500kg top left, 300kg top right, 100kg bottom left, 500kg bottom right) Find the magnitude and direction of the net gravitational force on Ma(100kg) which is in the center of the square. (G=6.67*10^-11)

A ball is launched straight up into the air with an initial velocity=40m/s.

a) How much time does it take for the ball to reach its maximum height?

b) What is the maximum hieght that the ball reached above the launch point?

c) Calculate the total time the ball spends in the air until it returns to the same height that it was launched from.

d) What is the acceleration of the ball as it is rising to its maximum height?

Define

1- Obligate anaerobes

2- Obligate aerobes

3- Mesophilic

4- Thermophiles

5-Coenzyme

6-Chemoautotrophs

7-Ribozyme

8-Proton motive force

ASSIGNMENT 10
Problem 10-1: Post transactions from General Journal to General Ledger.

Robert Carpenter began business as a licensed real estate broker on October 1, XXX1. During Oc­tober, Mr. Carpenter's part-time bookkeeper re­corded transactions in the General Journal. The General Ledger accounts were set up from the following chart of accounts. Post the transactions in the journal to the ledger accounts and compute the balance. Be sure to include the reference numbers in both the journal and ledger accounts.

Note: After posting, check your accuracy by calculating the balance of each general ledger account and entering each balance in the two-column form at the end. Remember, the debit balances must equal the credit balances, or you know you have made an error. Even when the debits and credits balance, it does not guarantee that you have made no errors; you can still have an error that it doesn’t indicate (i.e., like debiting the wrong account, posting the same wrong amount to both accounts, not posting an entire entry, etc.). However, if they equal, it usually means that you have not made a lot of errors.

Account Number   Account Name
111   Cash
115   Equipment
131   Building
132   Land
211   Accounts Payable - Keith
311   Robert Carpenter, Capital
312   Robert Carpenter, Drawing
411   Commission Income
511   Advertising Expense
512   Legal Expense
513   Salaries Expense
514   Telephone Expense
Problem 10-1: Journalize and post transactions.

On November 1, XXX1, Harry Simmons opened a tailor shop. His business had a number of transactions during the month of November. The General Ledger accounts were set up from the following chart of accounts. Using the chart of accounts below, complete the following activities for Henry Simmons:
a.   Journalize the transactions.
b.   Post the trans­actions to the ledger accounts.

Note: After posting, check your accuracy by calculating the balance of each general ledger account and entering each balance in the two-column form at the end. Remember, the debit balances must equal the credit balances, or you know you have made an error. Even when the debits and credits balance, it does not guarantee that you have made no errors; you can still have an error that it doesn’t indicate (i.e., like debiting the wrong account, posting the same wrong amount to both accounts, not posting an entire entry, etc.). However, if they equal, it usually means that you have not made a lot of errors.

Account Number   Account Name
111   Cash
112   Accounts Receivable - Brent
114   Supplies
118   Equipment
211   Accounts Payable - Rose
311   Harry Simmons, Capital
312   Harry Simmons, Drawing
411   Income
511   Advertising Expense
512   Rent Expense
513   Repairs Expense
514   Utilities Expense

November 1    Mr. Simmons deposited $10,000 cash in the Rockwall Bank to open the business.
November 3   He paid $225 cash for rent for the month.
November 5    He bought equipment worth $750 from Rose, Inc.; he paid $250 cash and charged $500 on account.
November 6    He bought supplies for $150 cash.
November 6    Mr. Simmons received income for the week of $215 in cash.
November 10    He paid $30 cash for advertisement in local paper.
November 12    Mr. Simmons received income for the week of $285 in cash.
November 14    He paid $40 cash for utilities expense.
November 15    He paid Rose $50 cash on account.
November 20    He paid $25 cash for equipment repairs.
November 23    He paid Rose $50 cash on account.
November 30    He withdrew $175 cash from the business for personal use.
November 30    Mr. Simmons sent a bill for services rendered to John Brent for $150.

The distribution of wait times for a movie to load on Hulu is normally distributed with a standard deviation of 4.4 seconds. What changes the mean is how long it takes Windows to give the Hulu player priority in the process queue. I want to know the average on my old computer, so I randomly sample it 19 times, and I get an average of 668 seconds. Find a 87% confidence interval for the average time my old computer takes to play a movie on Hulu.
Ues 2 decimal places.

block 1 of mass m1 slides from rest along a frictionless ramp from height h = 3 m and then collides with stationary block 2, which has mass m2 = 5m1. After the collision, block 2 slides into a region where the coefficient of kinetic friction μk is 0.1 and comes to a stop in distance d within that region. What is the value of distance d if the collision is (a) elastic and (b) completely inelastic?

An ion can produce an emission spectrum according to the Bohr model. A group of lines in the spectrum forms a series with wavelength between 10.13 nm and 18.23 nm. What is the shortest wavelength in the next series from the same ion?

______ nm

1. (15 pts) (a) A country produces computers. If the pretrade domestic price for computers is $ 1500, and the world price for computers is $ 1200, will this country export or import computers?

(b) Say the US dollar appreciates against other currencies. What will happen to US exports?

(c) Say US interest rates decrease over Japanese interest rates. Will the US dollar appreciate or depreciate against the Japanese yen?

(d) Say the US economic growth rate increases over the Canadian economic growth rate. Will the US dollar appreciate or depreciate against the Canadian dollar?

(e) Country A has a Gini coefficient of 0.500, while country B has a Gini coefficient of 0.400. Which country has the more unequal income distribution?

Alterations in Hemostasis and Blood Coagulation

• What findings from the patient history, physical examination, or lab studies would indicate a possible bleeding disorder?
• What are the common causes of platelet dysfunction due to quantity and quality?
• What are the common causes of inherited and acquired coagulation disorders?

(video transcription needed for questions)
>> No, definitely. If we had -- if when we started if we had many employees that were full-time, we definitely would not be the same today, or even possibly here. Name is Ryan Grey Smith, founder of Modern-Shed. I mean, kind of imagine, if you need to do a business organization and you want to bring it all in-house, you have to have the accounting position, you have to have the organizing position, the person that's going to answer the phones or the people that are going to make the things, and you have to have all of these positions, and you just can't do that when you start a company. It just absolutely doesn't make sense. We get busy one month. The next month, we weren't as busy, and this is the way business goes. It'll come and go like that. So really, the most logical way to start anything is to just find the people that can help you out and work out an arrangement. And so we have -- within the organization right now, we have 5, 6, 7 -- there's about 12 to 14 people, between, kind of manufacturing and the office and sales here in Seattle. Outside of Seattle we have 12 sales reps and 35 dealers across the states.

>> One of the key things that attracted me about Modern-Shed was that I was coming from the real estate industry, which has absolutely been decimated throughout the country. The company that I used to be with in fact, did sales and marketing for multi, multi-million dollar projects. That industry is going to be asleep now for about 3 to 5 years. Modern-Shed has positioned itself so that we're essentially insulated from what's going on in the general marketplace. I'm Scott, and I handle Sales Marketing with Modern-Shed. It's very interesting, that window-wall, window-wall, window-wall. We kind of changed the siding. But you heard that conversation about the corrugated?

>> Yes, yeah.

>> Eric Johnson is our fabricator, and he's actually sent up to support not only Modern-Shed, but other companies that may have a panelization component. He actually comes from the panelizing world for home builders. Well, because that industry has really fallen off because of the economy, we become a solution for Eric, because interestingly enough, Modern-Shed has not been affected by the downturn. In fact, if anything our sales are increasing. So it works out really well with the fabrication being something that's third party, offsite, and we have no financial interest in it. The dealer network is really set up to take advantage of markets that we think we've got an initial logical fit with, and so the dealers are essentially folks that also represent other products. They just aren't directly competitive to Modern-Shed, so they're complementary. Now on a monthly basis we'll actually have conference calls with the reps and the dealers about either new product, new promotions, changes in pricing, new opportunities for them in terms of their marketing. So again, it's very, very lean and unstructured because all those folks are independent contractors.

Questions:

1) As Modern-Shed grows, what is likely to happen to its organizational design?

a) It is likely to continue growing with the same organizational design that it has now.

b) It is likely to become a matrix organization.

c) It is likely to become a virtual organization.

d) It is likely to become more functional.

2) Under what conditions is the current organizational structure of Modern-Shed most likely to be effective? Check all that apply.

-In times of crisis, when everyone needs to follow a single leader

-When following a differentiation strategy for the business

-When following a low-cost leadership strategy for the business

-When the economic environment is turbulent and uncertain

3) Scott, the sales and marketing manager, says that Modern-Shed is insulated from what is going on in the general marketplace. This is partly due to Modern-Shed’s structure. By using a ________ (virtual, functional or matrix) structure, Modern-Shed is able to:

a) Bring positions in-house so that work can be more closely monitored and controlled

b) Easily expand and contract the company without assuming increased financial risk

c) Create dual lines of authority throughout the organization that respond to marketplace changes

d) Manufacture standardized products that can be sold at lower prices