On October 1, 2018, Santana Rey launched a computer services company called Business Solutions, which provides...

On October 1, 2018, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company’s first set of financial statements on December 31, 2018. The company’s initial chart of accounts follows.

Account No. Account No.
Cash 101 Common Stock 307
Accounts Receivable 106 Dividends 319
Computer Supplies 126 Computer Services Revenue 403
Prepaid Insurance 128 Wages Expense 623
Prepaid Rent 131 Advertising Expense 655
Office Equipment 163 Mileage Expense 676
Computer Equipment 167 Miscellaneous Expenses 677
Accounts Payable 201 Repairs Expense—Computer 684
Oct. 1 S. Rey invested $48,000 cash, a $24,000 computer system, and $8,000 of office equipment in the company in exchange for its common stock.
2 The company paid $3,280 cash for four months' rent. (Hint: Debit Prepaid Rent for $3,280.)
3 The company purchased $1,420 of computer supplies on credit from Harris Office Products.
5 The company paid $1,980 cash for one year's premium on a property and liability insurance policy. (Hint: Debit Prepaid Insurance for $1,980.)
6 The company billed Easy Leasing $5,300 for services performed in installing a new web server.
8 The company paid $1,420 cash for the computer supplies purchased from Harris Office Products on October 3.
10 The company hired Lyn Addie as a part-time assistant for $130 per day, as needed.
12 The company billed Easy Leasing another $1,600 for services performed.
15 The company received $5,300 cash from Easy Leasing as partial payment on its account.
17 The company paid $775 cash to repair computer equipment that was damaged when moving it.
20 The company paid $1,718 cash for advertisements published in the local newspaper.
22 The company received $1,600 cash from Easy Leasing on its account.
28 The company billed IFM Company $5,708 for services performed.
31 The company paid $910 cash for Lyn Addie’s wages for seven days' work.
31 The company paid $3,300 cash in dividends.
Nov. 1 The company reimbursed S. Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at $0.23 per mile).
2 The company received $5,533 cash from Liu Corporation for computer services performed.
5 The company purchased computer supplies for $1,105 cash from Harris Office Products.
8 The company billed Gomez Co. $6,668 for services performed.
13 The company received notification from Alex’s Engineering Co. that Business Solutions’s bid of $4,450 for an upcoming project was accepted.
18 The company received $2,708 cash from IFM Company as partial payment of the October 28 bill.
22 The company donated $150 cash to the United Way in the company's name.
24 The company completed work and sent a bill for $4,450 to Alex’s Engineering Co.
25 The company sent another bill to IFM Company for the past-due amount of $3,000.
28 The company reimbursed S. Rey in cash for business automobile mileage (1,200 miles at $0.23 per mile).
30 The company paid $1,820 cash for Lyn Addie's wages for 14 days' work.
30 The company paid $1,700 cash in dividends.


Required:

1. Prepare journal entries to record each of the above transactions for Business Solutions.
2. Post journal entries from requirement 1 to the general ledger accounts.
3. Prepare a trial balance as of the end of November.

In: Accounting

The following analysis of fuel by volume as per cent: H2=50.4, CO=17, Ch4=20, .C4H8=2, O2=0.4, N2=6.2,...

The following analysis of fuel by volume as per cent: H2=50.4, CO=17, Ch4=20, .C4H8=2, O2=0.4, N2=6.2, CO2=4


(1)Product of CO2% for dry analysis if 30% excess air


(2)Product of N2% for dry analysis * if
30% excess air


(3)Product of O2% for dry analysis * if 30%
excess air

(4)Product of H2O% for wet analysis if 30% excess air

(5)The Stoichiometric A/F ratio by *
volume is

(6)Product of N2% for wet analysis * if
30% excess air

(7)Product of O2% for wet analysis * if 30% excess air

(8)Product of CO2% for wet analysis if 30% excess air

In: Other

We live in an increasingly regulated society. Laws and regulations play a central part in practically...

We live in an increasingly regulated society. Laws and regulations play a central part in practically every aspect of our lives, from the foods we eat, to the cars we buy, to the sports our children can play. We cannot ignore the centrality of law in our lives. What do you think the role of law should be in our society today?

In: Psychology

Build a class called “Animal” which has three attributes: “ArrayList<String> diet”, “int numOfLegs”, and “Boolean carnivore”....

Build a class called “Animal” which has three attributes: “ArrayList<String> diet”, “int numOfLegs”, and “Boolean carnivore”. Build a constructor with three parameters to set the three attributes. In the constructor, if the number of legs given in the parameter is below 0 set the number of legs equal to 0. Add seven methods:

  • “void addToDiet(String item)” which will add a single item to the animals diet
  • “void addToDiet(ArrayList<String> items)” which will add all items given to the animals diet
  • “void setDiet(ArrayList<String> newDiet)” which will set the animals diet to be the new diet
  • “ArrayList<String> getDiet()” returns the animals diet
  • “Boolean isCarnivore()” returns if the animal is a carnivore or not
  • “int getNumOfLegs()” returns the animal’s number of legs
  • “String makeSound()” returns the string “Any Sound”

Now that we have a base class, we’re going to make a subclass of our “Animal” class. Make a class called “Cat” that is a subclass of “Animal”. In “Cat” add a new attribute “String color”. Build a constructor with two parameters, an arrayList<String> diet and String color, in the new constructor call the superClass’s constructor and assume the number of legs of all cats is 4 and every cat is a carnivore. Add a method “String getColor()” that returns the cat’s color. Replace (override) the original “makeSound()” method with a new “makeSound()” function that returns the string “Meow”.

In: Computer Science

what the technical barriers for hydrogen production using solar?

what the technical barriers for hydrogen production using solar?

In: Chemistry

Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and...

Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions):

1

Marriott

Hyatt

2

Operating profit before other expenses and interest

$677.00

$39.00

3

Other income (expenses)

54.00

118.00

4

Interest expense

(180.00)

(54.00)

5

Income before income taxes

$551.00

$103.00

6

Income tax expense

93.00

37.00

7

Net income

$458.00

$66.00

Balance sheet information is as follows:

1

Marriott

Hyatt

2

Total liabilities

$7,398.00

$2,125.00

3

Total stockholders’ equity

1,585.00

5,118.00

4

Total liabilities and stockholders’ equity

$8,983.00

$7,243.00

The average liabilities, average stockholders’ equity, and average total assets are as follows:

Marriott

Hyatt

Average total liabilities $7,095 $2,132
Average total stockholders’ equity 1,364 5,067
Average total assets 8,458 7,199
1. Determine the following ratios for both companies: A. Return on total assets, B. Return on stockholders’ equity, C. Times interest earned, D. Ratio of total liabilities to stockholders’ equity. Round ratios and percentages to one decimal place.
2. Based on the information in (1), analyze and compare the two companies’ solvency and profitability.

X

Questions

Shaded cells have feedback.

Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions):

1

Marriott

Hyatt

2

Operating profit before other expenses and interest

$677.00

$39.00

3

Other income (expenses)

54.00

118.00

4

Interest expense

(180.00)

(54.00)

5

Income before income taxes

$551.00

$103.00

6

Income tax expense

93.00

37.00

7

Net income

$458.00

$66.00

Balance sheet information is as follows:

1

Marriott

Hyatt

2

Total liabilities

$7,398.00

$2,125.00

3

Total stockholders’ equity

1,585.00

5,118.00

4

Total liabilities and stockholders’ equity

$8,983.00

$7,243.00

The average liabilities, average stockholders’ equity, and average total assets are as follows:

Marriott

Hyatt

Average total liabilities $7,095 $2,132
Average total stockholders’ equity 1,364 5,067
Average total assets 8,458 7,199
1. Determine the following ratios for both companies: A. Return on total assets, B. Return on stockholders’ equity, C. Times interest earned, D. Ratio of total liabilities to stockholders’ equity. Round ratios and percentages to one decimal place.
2. Based on the information in (1), analyze and compare the two companies’ solvency and profitability.

X

Questions

Shaded cells have feedback.

Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions):

1

Marriott

Hyatt

2

Operating profit before other expenses and interest

$677.00

$39.00

3

Other income (expenses)

54.00

118.00

4

Interest expense

(180.00)

(54.00)

5

Income before income taxes

$551.00

$103.00

6

Income tax expense

93.00

37.00

7

Net income

$458.00

$66.00

Balance sheet information is as follows:

1

Marriott

Hyatt

2

Total liabilities

$7,398.00

$2,125.00

3

Total stockholders’ equity

1,585.00

5,118.00

4

Total liabilities and stockholders’ equity

$8,983.00

$7,243.00

The average liabilities, average stockholders’ equity, and average total assets are as follows:

Marriott

Hyatt

Average total liabilities $7,095 $2,132
Average total stockholders’ equity 1,364 5,067
Average total assets 8,458 7,199
1. Determine the following ratios for both companies: A. Return on total assets, B. Return on stockholders’ equity, C. Times interest earned, D. Ratio of total liabilities to stockholders’ equity. Round ratios and percentages to one decimal place.
2. Based on the information in (1), analyze and compare the two companies’ solvency and profitability.

X

Questions

Shaded cells have feedback.

Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions):

1

Marriott

Hyatt

2

Operating profit before other expenses and interest

$677.00

$39.00

3

Other income (expenses)

54.00

118.00

4

Interest expense

(180.00)

(54.00)

5

Income before income taxes

$551.00

$103.00

6

Income tax expense

93.00

37.00

7

Net income

$458.00

$66.00

Balance sheet information is as follows:

1

Marriott

Hyatt

2

Total liabilities

$7,398.00

$2,125.00

3

Total stockholders’ equity

1,585.00

5,118.00

4

Total liabilities and stockholders’ equity

$8,983.00

$7,243.00

The average liabilities, average stockholders’ equity, and average total assets are as follows:

Marriott

Hyatt

Average total liabilities $7,095 $2,132
Average total stockholders’ equity 1,364 5,067
Average total assets 8,458 7,199
1. Determine the following ratios for both companies: A. Return on total assets, B. Return on stockholders’ equity, C. Times interest earned, D. Ratio of total liabilities to stockholders’ equity. Round ratios and percentages to one decimal place.
2. Based on the information in (1), analyze and compare the two companies’ solvency and profitability.

X

Questions

Shaded cells have feedback.

In: Accounting

We often judge other people by their faces. It appears that some people judge candidates for...

We often judge other people by their faces. It appears that some people judge candidates for elected office by their faces. Psychologists showed headand-shoulders photos of the two main candidates in 32 races for the U.S. Senate to many subjects (dropping subjects who recognized one of the candidates) to see which candidate was rated “more competent” based on nothing but the photos. On election day, the candidates whose faces looked more competent won 22 of the 32 contests.

a) Plot the log-likelihood function for these data in R.

b) Based on your plot, what is the approximate maximum likelihood estimate of the probability that the candidate who appears more competent will win the election?

c) Estimate the 95% confidence interval for your answer to part b.

d) Use the likelihood ratio test or the binomial test to test the null hypothesis that the probability is 0.5. Can you reject this null hypothesis?

In: Math

Why would it be silly to think of scientific reasoning in terms of deductive logic only?...

Why would it be silly to think of scientific reasoning in terms of deductive logic only? How could inductive logic give a better account of scientific reason

In: Physics

      IP                Mask                   Gateway S1 192.168

      IP                Mask                   Gateway

S1 192.168.1.1 255.255.255.192    192.168.1.62

PC2 192.168.2.1 255.255.255.192    192.168.2.62

PC1 192.168.3.1 255.255.255.192    192.168.3.62

  1. make sure that the Windows firewall is enabled. List the step sequence required to verify the firewall status and to enable the firewall.
  2. List the command sequence and steps required to create a new inbound firewall rule called “Ping Request” to allow only server S1 to ping PC1 and PC
  3. List the command sequence and steps required to create a new outbound firewall rule called “Web Filtering”.

In: Computer Science

Hi had a question I am trying to develop this iOS app in Xcode in Swift...

Hi had a question I am trying to develop this iOS app in Xcode in Swift language and getting hung up on this Rock Paper Scissors game on the bottom is my code when it comes to paper and rock rock wins when it comes to rock and scissors scissors wins other than that it works ok . please help thanks !

import UIKit

class ViewController: UIViewController {

  

  

  

@IBOutlet weak var leftblankview: UIImageView!

  

  

@IBOutlet weak var rightblankview: UIImageView!

  

  

@IBOutlet weak var leftscorelabel: UILabel!

  

  

  

@IBOutlet weak var rightscorelabel: UILabel!

  

  

var leftScore = 0

var rightScore = 0

override func viewDidLoad() {

super.viewDidLoad()

// Do any additional setup after loading the view.

  

  

}

  

@IBAction func buttonclick(_ sender: Any) {

  

  

  

let leftNumber = Int.random(in: 1...3)

  

let rightNumber = Int.random(in: 1...3)

  

leftblankview.image = UIImage(named: "symbol\(leftNumber)")

rightblankview.image = UIImage(named: "symbol\(rightNumber)")

if leftNumber > rightNumber {

leftScore += 1

  

leftscorelabel.text = String(leftScore)

  

}

else if leftNumber < rightNumber{

rightScore += 1

  

rightscorelabel.text = String(rightScore)

}

else{

}

}

}

In: Computer Science

1. Why is India an attractive market for Starbucks? 2. What is Starbucks’s international strategy? Is...

1. Why is India an attractive market for Starbucks? 2. What is Starbucks’s international strategy? Is it more of adaptation or standardization? 3. Why did Starbucks enter India with a joint venture?

In: Economics

Use the dataset “ChickWeight”, available in R. Assume that each row is an observation of a...

Use the dataset “ChickWeight”, available in R. Assume that each row is an observation of a unique chick. weight is the weight of the chick. Diet is the diet treatment that the chick received. Assume that the distribution of chickweigts within each diet is approximately normal and variances are equal.

1. Construct a 95% confidence interval for the true mean weight of chicks.

2. Interpret the confidence interval in 1. in the context of the problem.

3. Construct a 99% confidence interval for the true mean weight of chicks.

4. Interpret the confidence interval in 2. in the context of the problem.

5. Write down the null and alternative hypothesis to determine if the mean weight of chicks is greater than 120.

6. Conduct a statistical test to determine if the mean weight of chicks is greater than 120. Use = 0.05.

7. Construct a box-and-whisker plot of weight by Diet. Label the graph and axes appropriately. (Hint: there should be 4 box-and whisker plots on one graph)

8. Write down the null and alternative hypothesis to determine if there is a difference in mean weight between diets.

9. Use an ANOVA to determine if there is a difference in mean weights between diets. Assume that all of the assumptions are met to perform the procedure. = 0.05.

10. If there is a difference in mean weights between diets, use a statistical procedure to rank the means where possible.

In: Math

6. Can a genetic mutation sometimes cause someone to grow an extra arm? __ true __...

6. Can a genetic mutation sometimes cause someone to grow an extra arm?
__ true
__ false

7. Mutations are the changes to the nucleotide sequence of the genetic material of an organism?
__ true
__ false

8. Mutations can not be caused by copying errors in the genetic material during cell division?
__ true
__ false

9. Which of these factor(s) are associated with DNA damage?

A. Alkylating agents
B. UV
C. All of these
D. Free Radicals

In: Biology

What are the benefit and loss associated with limiting legal/illegal migrants for the US? 300 WORDS

What are the benefit and loss associated with limiting legal/illegal migrants for the US? 300 WORDS

In: Economics

You have been called to testify as an expert witness in a trial involving a head-on...

You have been called to testify as an expert witness in a trial involving a head-on collision. Car A weighs 1515 lb and was traveling eastward. Car B weighs 1125 lb and was traveling westward at 42.0 mph. The cars locked bumpers and slid eastward with their wheels locked for 17.5 ft before stopping. You have measured the coefficient of kinetic friction between the tires and the pavement to be 0.750 . How fast (in miles per hour) was car A traveling just before the collision? (This problem uses English units because they would be used in a U.S. legal proceeding.)

In: Physics