Questions
On July 1, 2017, Keti S. created a new self-storage business, Shenakhuli Co. The following transactions...

On July 1, 2017, Keti S. created a new self-storage business, Shenakhuli Co. The following transactions occurred during the company's first month.

July 1 Keti invested $30,000 cash and building worth $150,000 in the company.

2 The company rented equipment by paying $2,000 cash for the first month's (July) rent.

5 The company purchased $2,400 of office supplies for cash.

10 The company paid $7,200 cash for the premium on a 12-month insurance policy. Coverage begins on July 11.

14 The company paid an employee $1,000 cash for two weeks' salaries earned.

24 The company collected $9,800 cash for storage fees from customers.

28 The company paid $1,000 cash for two weeks' salaries earned by employees.

29 The company paid $950 cash for minor repairs to a leaking roof.

30 The company paid $400 cash for this month's telephone bill.

31 Keti withdrew $2,000 cash from the company for personal use.

Here are the company's accounts:

Cash Accumulated Depreciation - Building Depreciation Expense Repairs Expense

Account Receivables Salaries Payable Salaries Expense Telephone Expense

Office Supplies Keti S., Capital Insurance Expense Income Summary

Prepaid Insurance Keti S., Withdrawal Rent Expense

Buildings Storage Fees Earned Office supplies Expense

Required:

1.Prepare journal entries to record the transactions for July.

2. Prepare an unadjusted trial balance as of July 31.

3. Use the following information to journalize adjusting entries for the month:

a. Two-thirds of one month's insurance coverage has expired.

b. At the end of the month, $1,525 of office supplies are still available.

c. This month's depreciation on the buildings is $1,500

d. An employee earned $100 of unpaid and unrecorded salaries as of month-end.

e. The company earned $1,150 of commissions that are not yet billed at month-end.

4. Prepare an adjusted trial balance as of July 31.

5. Prepare Income Statement and Balance Sheet for the period.

6. Prepare journal entries to close the temporary accounts.

I need the answer of the 6th question thanks in advance

In: Accounting

You'd like to estimate the proportion of the 12,885 undergraduate students at a university who are...

You'd like to estimate the proportion of the 12,885 undergraduate students at a university who are full-ttime students. You poll a random sample of 275 students, of whom 265 are full-time. Unknown to you the proportion of all undergraduate students who are full-time students is 0.953. Let X denote a random variable for which x=0 denotes the part-time students and x=1 denotes full-time students. Complete parts a through c below.

In: Statistics and Probability

Scenario Mr. Mat lives in Barbados and is desirous of starting his own business from inheritances...

Scenario Mr. Mat lives in Barbados and is desirous of starting his own business from inheritances that his parents left him. He approached you for advice on the best type of business to register. Mr. Mat said he would love to gain benefits from any tax relief that is available that the government has to offer.

1. Would it be more beneficial to start a Company or an Individual Trading Business. In your answer you should outline why setting up either a company, or a trading as business is more advantageous over the other.

You are to cover matters like:

a. Tax rates

b. Available tax reliefs and or tax credits

c. Ease of operations of a company, as well as ease of operations of an individual trading business

2.  it is more beneficial to operate as a company or as a sole trader.

In: Accounting

This is one question since you have to know answers accumulatively. The University of the Pacific...

This is one question since you have to know answers accumulatively.

The University of the Pacific Northwest increases tuition cost from $12,700 to $13,335 and finds enrollment has drop by 3%. At the same time the University of the Pacific Northwest increased tuition, Portland Upstate a university located 75 miles to the east found that their enrollment increased from 5,652 to 7,072 students. (for full credit show your calculations,

a) Calculate the price elasticity of demand for University of the Pacific Northwest _______________

b) The University of the Pacific Northwest will find total revenue has increased or decreased ____________

c) Calculate the cross price elasticity for the increase in tuition at the University of the Pacific and the increase in enrollment at Portland Upstate ___________

d) Are the two Universities substitutes or complements ____________

In: Economics

Chapter 7 - Sampling Distribution 6. A normal population has a = 50 and = 8....

Chapter 7 - Sampling Distribution
6. A normal population has a = 50 and = 8. A random sample is taken form this population (n = 16) and has its own M = 54. What is the z score for this sample mean (M)? (Distribution of sample means)
Chapter 8 – Introduction to Hypothesis Testing
7. Identify the four steps of hypothesis test as presented in this chapter.
8. Define the alpha level and the critical region for a hypothesis test.
9. Define Type I and Type II errors.
10. A university president believes that, over the past few years, the average age of students attending his university has changed. To test this hypothesis, an experiment is conducted in which the age of 150 students who have been randomly sampled from the student body is measured. The mean age is 23.5 years. A complete census taken at the university a few years before the experiment showed a mean age of 22.4 years, with a standard deviation of 7.6.
(Hypothesis test statistic for a single sample; population known – z scores)

In: Statistics and Probability

37. Suppose there is a competitive market for e-bikes that is in the long-run. If firms...

37. Suppose there is a competitive market for e-bikes that is in the long-run. If firms in the
e-bike market are not identical, then an increase in cost will
A) shift marginal cost to the right.
B) push the most inefficient firms out of the market.
C) push the most efficient firms out of the market.
D) There is not enough information to answer.
38. Suppose the company E-bikes R US is the sole supplier of e-bikes and produces 100
e-bikes. E-Bikes R US faces MC = 15 and MR = 17. If E-bikes R US produces 101 e-bikes,
then MC = 16 and MR = 15. To maximize profits, E-Bikes R US
A) should produce 100 units.
B) should produce 101 units.
C) The firm cannot maximize profits.
D) The firm is not a monopoly.
39. Suppose the company E-bikes R US is the sole supplier of e-bikes and faces the following
inverse demand: p = 100 - 2Q. Profit maximization
A) is achieved when 25 units are produced.
B) is achieved by setting price equal to 25.
C) is achieved only by shutting down in the short run.
D) cannot be determined solely from the information provided.
40. Suppose the company E-bikes R US is the sole supplier of e-bikes. The more elastic the
demand curve faced by E-bikes R US, the monopolist
A) will have a larger Lerner Index.
B) will face a lower marginal cost.
C) will earn more profit.
D) will lose more sales as it raises its price.
41. Suppose the company E-bikes R US is the sole supplier of e-bikes. As other e-bike firms
enter the market, the market power of E-bikes R US
A) is unaffected.
B) declines.
C) increases.
D) increases according to the Lerner Index but decreases according to the price/marginal cost
ratio.
42. Suppose the company E-bikes R US is the sole supplier of e-bikes and faces the following
inverse demand function: p = 100 - 2Q, and total cost is given by TC = 16q + 2. The
deadweight loss from E-bikes R US equals
A) $21.
B) $441.
C) $882.
D) $1,764.

In: Economics

who benefits more from a subsify to an insilin buyer? accompany your written argument with a...

who benefits more from a subsify to an insilin buyer? accompany your written argument with a graph. does your result hold for the oxford covid-11 vaccine? why or why not?

hint - on jan 23,1922 , 14 yr old leonard thompson became the first person ti recieve an insulin injection as treatment for diabetes. just yesterday, oxford university announced its new study reveals oxfoed coronavirus vaccine produces strong immune respone

In: Economics

Women from some cultures may profit greatly from emphasizing their pain during childbirth. A labor and...

Women from some cultures may profit greatly from emphasizing their pain during childbirth. A labor and delivery nurse reported that the most difficult patient she ever attended was Robabeh Farag, an Iranian woman, who yelled and screamed for the entire duration of her labor. After she delivered their child, her husband presented her with a three-karat diamond ring. When her nurse commented on the expensive gift, she responded dramatically, "Of course. He made me suffer so much!" Iranian custom is to compensate a woman for her suffering during childbirth by giving her gifts. The greater the suffering, the more expensive the gifts she will receive, especially if she delivers a boy. Her cries indicate how much she is suffering. A young Iranian doctor recently told me that when his wife has a baby, he will present her with a diamond ring or a watch. American nurses value cooperation; a cooperative patient is one who is stoic and follows directions. Uncooperative patients, like Robabeh Farag, are often avoided. How can hospital personnel deal with the variety of expressions of women's pain during labor and delivery?

Source:

Galanti, Geri-Ann. Caring for Patients from Different Cultures, Chapter 9, Page 152 (4). Philadelphia, US: University of Pennsylvania Press, 2013.

*****THIS IS FOR A MULTICULTURALISM AND HEALTH CLASS***** PLEASE RESPOND WITH A 300-500 WORDS MAX THANK YOU :)

What is your culture regarding the pain of child delivery?

If you are not an American person, how do you compare the approach of your county to this issue with the behaves and beliefs of the Americans?

How do you evaluate benefiting from the pain of baby delivery? Can be labeled this case as a right or wrong cultural behavior?

In: Nursing

Which of the following programs would provide a Pareto improvement? A.) a new university supported by...

Which of the following programs would provide a Pareto improvement?

A.) a new university supported by a proportional tax paid by everyone

B.) a lung cancer treatment facility financed by cigarette taxes.

C.) A new (and badly needed) national defense system funded by any form of taxes paid by all US residents.

D.) A Federally funded water project in California.

Please provide an answer and an explanation if possible.

In: Economics

Deuteronomy 24:14 - Do not take advantage of a hired worker who is poor and needy,...

Deuteronomy 24:14 - Do not take advantage of a hired worker who is poor and needy, whether that worker is a fellow Israelite or a foreigner residing in one of your towns.

Luke 16: 1-14 - (Parable of the Shrewd Manager):

How do Deuteronomy 24:14 and the Parable of the Shrewd Manager (Luke 16: 1-14) provide us with an opportunity to look at subordinate relations from different perspectives? What do the above verses teach us about honesty and fairness in employer-employee relations?

In: Operations Management