Allied Merchandisers was organized on May 1. Macy Co. is a major customer (buyer) of Allied...

Allied Merchandisers was organized on May 1. Macy Co. is a major customer (buyer) of Allied (seller) products. May 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $11 cash per unit (for a total cost of $22,000). 5 Allied sold 1,000 of the units in inventory for $15 per unit (invoice total: $15,000) to Macy Co. under credit terms 2/10, n/60. The goods cost Allied $11,000. 7 Macy returns 100 units because they did not fit the customer’s needs (invoice amount: $1,500). Allied restores the units, which cost $1,100, to its inventory. 8 Macy discovers that 100 units are scuffed but are still of use and, therefore, keeps the units. Allied sends Macy a credit memorandum for $700 toward the original invoice amount to compensate for the damage. 15 Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Prepare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the gross method.

(Allied estimates returns using an adjusting entry at each year-end.)

Prepare the appropriate journal entries for Macy Co. to record each of the May transactions. Macy is a retailer that uses the gross method and a perpetual inventory system, and purchases these units for resale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

In: Accounting

Design a cybersecurity incident response plan for a company, including disaster recovery and business continuity elements...

Design a cybersecurity incident response plan for a company, including disaster recovery and business continuity elements (mitigation strategies and resilience). This should be the detailed plan you wish your organization has in place before a cyber incident or data breach happens in order to effectively respond and limit the cascading effects of the incident and also define the role of a cyber incident report? Who has the responsibility? When the incident has occurred at the bank, what data has been compromised and how the incident occurred? What type of damage it contains and the impacts, any legal implications? Did they restore the business continuity and did they remove the threat? What do you learn from the incident to prevent future attacks? Do you understand what actions worked well and those that did not (Documentation); what to do to improve the organization’s cybersecurity posture; and to keep the management informed and follow proper chain of command procedures?

In: Computer Science

Green marketing summarized into 500 words. Green marketing strategies summarized into 500 words.

Green marketing summarized into 500 words.


Green marketing strategies summarized into 500 words.

In: Accounting

Suppose that the Inverse Demand Curve for recreational Cannabis is given as: P = 14.60 –...

Suppose that the Inverse Demand Curve for recreational Cannabis is given as: P = 14.60 – 0.40 [Qd] per gram. i. After determining the NORMAL Demand Curve from the Inverse demand curve above, determine the Quantities Demanded, Qd in Millions of grams, if the Price, P is reduced from $11.00 per gram to $10.00 per gram AND the value of the Price Elasticity of Demand over the “arc” of this change.

ii. Carefully explain how each of the “sign” and the “magnitude” of the elasticity determined in part i above would be interpreted? iii. Suppose that in response to a reduction in Price, P for Cannabis-based Gummi Bears from $12.00 to $10.00 per package results in a reduction in of 0.75 million grams at every price point from the original Demand Curve. Using this information, determine the elasticity of grams of Cannabis in response to the change in Price of the Gummi Bears. iv. Carefully explain how each of the “sign” of the elasticity determined allows us to describe the “type” of relationship between the Cannabis and Gummi Bears AND the interpretation of the “magnitude” of the elasticity?

In: Economics

Will Beer's law apply if in lab we choose to use concentrations in g/L, instead of...

Will Beer's law apply if in lab we choose to use concentrations in g/L, instead of moles? Explain

In: Chemistry

Consider an array of 10 elements sorted in ascending order. Assume that you sort the table...

Consider an array of 10 elements sorted in ascending order. Assume that you sort the table in descending order by running a sorting algorithm.

a) Count the exact number of changes made to the array (i.e. the number of operations of assignment T [...]=) if the bubble sort is applied (Assuming two assignments per swap).

b) Count the exact number of changes made to the array (i.e. the number of operations of assignment T [...]=) if heap-sort is applied (Assuming two assignments per swap).

In: Computer Science

francis fukuyama : names 3 sets of political institution that are need to built " a...

francis fukuyama : names 3 sets of political institution that are need to built " a society that is prosperous , democratic, secure, well governed. and expeiences low level of coruption" : a comptent state strong rule of low , and democratic accontability. give an explanation.

In: Economics

Record the accounts balances from the year-end financial statements: Can somebody show me how to figure...

  1. Record the accounts balances from the year-end financial statements:

Can somebody show me how to figure out the ratios for company 1

Income Statement

Identify Rounding: millions or thousands

Company #1

Ford

Company #2

GM

For the year ended

2018

2017

2018

2017

Revenues

148,294,000

145,653,000

COGS

136,269,000

131,321,000

Net Income

3,695,000

7,757,000

***

***

Balance Sheet

Identify Rounding: millions or thousands

Company #1

Company #2

For the year ended

2018

2017

2018

2017

Total Assets

256,540,000

$258,496,000

Current Liabilities

95,569,000

94,600,000

Long-term debt

102,666,000

100,720,000

Other long-term liabilities

25,526,600

24,185,000

***

***

Stockholders’ Equity

256,540,000

258,496,000

  1. Compute ratios. Round numbers to one decimal place.

Ratios

Company #1

Company #2

Year

2018

2017

Gross Profit Margin

Net Profit Margin

Total Asset Turnover

Return on Total Assets

Return on Common Equity

In: Accounting

Astronomy Mysteries Today 1.what’s dark matter? Why do astronomers believe it exists? 2. what’s dark matter?...

Astronomy Mysteries Today

1.what’s dark matter? Why do astronomers believe it exists?

2. what’s dark matter? Why do astronomers believe it exists?

3. What’s a black hole? What’s the difference between stellar balck hoiles and galaxy black holes? Why is it black?

4. People ask “who” made the original mass that expanded in the Big Bang. What is one natural, as contrasted with supernatural, explanation for how the world began?

5. What may have been the first particles formed… before protons and neutrons, before atoms, before elements, before molecules?

In: Physics

You are considering investing in Annie’s Eatery. You have been able to locate the following information...

You are considering investing in Annie’s Eatery. You have been able to locate the following information on the firm: Total assets are $40 million, accounts receivable are $6.0 million, ACP is 30 days, net income is $4.75 million, debt-to-equity is 1.5 times, and dividend payout ratio is 45 percent. All sales are on credit. Annie’s is considering loosening its credit policy such that ACP will increase to 35 days. The change is expected to increase credit sales by 5 percent. Any change in accounts receivable will be offset with a change in debt. No other balance sheet changes are expected. Annie’s profit margin and dividend payout ratio will remain unchanged. Use the DuPont equation to determine how this change in accounts receivable policy will affect Annie’s sustainable growth rate.

In: Accounting

1. The politician wants to allocate spending so that hospitals may purchase new and expensive cancer...

1. The politician wants to allocate spending so that hospitals may purchase new and expensive cancer detection machines. At the dedication he says ‘spending this money will be worth it if this policy saves even one life”. Having taken an economics class, you roll your eyes at the political gibberish. Explain why, from the economic perspective, the politician is spouting gibberish.

I was told I need to provide an answer that focusses more on economic logic and perspective and discusses marginal costs and benefits more.

2. Given the following terms affecting the supply and demand for good ‘x’: income, resource costs, wages, technology, expected income, Ps, Pc, Px, taxes, number of sellers, productivity, tastes and preferences:

a)    Write out the Demand Relationship. Note the slope and shift terms. Identify (write out) the Demand Curve from the Relationship.

b)    Write out the Supply Relationship. Note the slope and shift terms. Identify (write out) the Supply Curve from the Relationship.

In: Economics

A tau protein is being studied. It is believed to have a mass between 55,000 and...

A tau protein is being studied. It is believed to have a mass between 55,000 and 62,000 g/mol. You have been given the task of determining its actual molecular mass. If you assume a mass of 58,500 g/mol, and were to dissolve 5.00mg in 1.00mL water, calculate the freezing point depression, boiling point elevation, the vapor pressure change (from 23.76 Torr at 25C), the osmotic pressure, and the height of a column of water corresponding to this osmotic pressure. Which method would you use to experimentally determine the molecular mass of this polymer. Why?

In: Chemistry

question 2 An atom with a partial negative charge is called a(n) ___ Group of answer...

question 2

An atom with a partial negative charge is called a(n) ___

Group of answer choices

ion

electronegative atom

cation

electropositive atom

anion

Question 3

A chemical reaction in which bonds are broken is associated with

Group of answer choices

a release of energy

the consumption of energy

a synthesis

forming a larger molecule

both 1 and 3 are correct

all of the above are correct

Question 4

A ___ reaction involves bond formation

Group of answer choices

synthesis

catabolic

decomposition

anabolic

answers 1 and 4 are correct

answers 2 and 3 are correct

Question 5

True or false. Covalent bonds are more common than ionic bonds

Group of answer choices

True

False

Question 6

Select the statement that is most correct regarding chemical bonds

Group of answer choices

Covalent bonding involves the transfer of one or more electrons from one atom to another

Polar ionic are stronger than non-polar ionic bonds

Hydrogen bonds are very weak and often involve water

Ionic bonds involve sharing of electrons between two atoms

Question 7

Typically, nitrogen atoms are composed of seven electrons, seven protons, and seven neutrons. An isotope of nitrogen could:

Group of answer choices

be positively charged

be negatively charged

have more than seven electrons and more than seven protons

have more than seven neutrons

have more than seven each of electrons, protons, and neutrons

Question 8

A proteoglycan is:

Group of answer choices

a carbohydrate and protein compound

a lipid with carbohydrates attached

a single stranded nucleic acid

part of the cytoskeleton

Question 9

A triglyceride:

Group of answer choices

consists of fatty acids and glycerol

does not dissolve in water

plays a role in storage of energy

is a type of fat

all are correct

Flag this Question

Question 10

Not all proteins have a __ structure

a)Group of answer choices

b)tertiary

c)quaternary

d)secondary

e)primary

In: Anatomy and Physiology

One of the first steps in comparing the DNA is obtaining DNA from all of the...

One of the first steps in comparing the DNA is obtaining DNA from all of the sources and using a specific enzyme to clip the DNA at different sites. What is this class of enzymes that would complete this to compare DNA from different organisms

In: Biology

You are going to value Lauryn’s Doll Co. using the FCF model. After consulting various sources,...

You are going to value Lauryn’s Doll Co. using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of 1.5, a debt-to-equity ratio of 0.6, and a tax rate of 30 percent. Assume a risk-free rate of 5 percent and a market risk premium of 9 percent. Lauryn’s Doll Co. had EBIT last year of $48 million, which is net of a depreciation expense of $4.8 million. In addition, Lauryn's made $5.5 million in capital expenditures and increased net working capital by $1.8 million. Assume the FCF is expected to grow at a rate of 3 percent into perpetuity. What is the value of the firm?

Firm Value: Millions.

In: Finance