Questions
A U.S. company, G. Marx Co., purchases and receives video games from a Japanese company, Saki...

A U.S. company, G. Marx Co., purchases and receives video games from a Japanese company, Saki Corporation, on October 20, Year 7. The transaction is denominated in yen and calls for Marx to pay Saki 2 million yen on January 15, Year 8. The spot rate for yen is $.01015 at the time of the transaction. The spot rate is $.01005 on October 31, Year 7, Marx's fiscal year end, and $.01030 on January 15, Year 8.

G. Marx Co. has two wholly owned subsidiaries, H. Marx of Canada and C. Marx of France. Functional currencies are the Canadian dollar for H. Marx and the euro for C. Marx. However, C. Marx keeps its books in a currency that is not the functional currency or the reporting currency.

G. Marx also recently disposed of a long-term investment in Z. Marx of Mexico, a consolidated entity whose functional currency was the peso.

Enter the appropriate amounts for the following journal entries recorded by Marx Corporation for its transaction with Saki Corporation.

To prepare each required journal entry:

  • Enter the corresponding debit or credit amount in the associated column.
  • Round all amounts to the nearest whole number.
  • Not all rows in the table might be needed to complete each journal entry.
  • If no journal entry is needed, check the “No entry required” box at the top of the table as your respons

In: Accounting

Discuss five businesses separately that you know well. Your list could include bars, restaurants, a specific...

Discuss five businesses separately that you know well. Your list could include bars, restaurants, a specific cruise, hotel, health club, etc. Describe the target market of the businesses. Most of your analysis would consist of demographic variables. Incorporate geographic, psychographic, and behavioristic variables.

In: Economics

According to the South African Depression & Anxiety Group, depression is a leading cause of suicide...

According to the South African Depression & Anxiety Group, depression is a leading cause of suicide in South Africa. Use Durkheim’s study of suicide to explain why depression is the leading cause of suicide in South Africa. Your answer should:

Explain Durkheim’s four types of suicide.
Explain which of Durkheim’s types best explains the leading cause of suicide in South Africa. Explain why the other types of suicide cannot explain the leading cause of suicide in South Africa.

In: Psychology

Variable and Fixed Costs, Cost Formula, High-Low Method Li Ming Yuan and Tiffany Shaden are the...

Variable and Fixed Costs, Cost Formula, High-Low Method

Li Ming Yuan and Tiffany Shaden are the department heads for the accounting department and human resources department, respectively, at a large textile firm in the southern United States. They have just returned from an executive meeting at which the necessity of cutting costs and gaining efficiency has been stressed. After talking with Tiffany and some of her staff members, as well as his own staff members, Li Ming discovered that there were a number of costs associated with the claims processing activity. These costs included the salaries of the two paralegals who worked full time on claims processing, the salary of the accountant who cut the checks, the cost of claims forms, checks, envelopes, and postage, and depreciation on the office equipment dedicated to the processing. Some of the paralegals’ time appears to vary with the routine processing of uncontested claims, but considerable time also appears to be spent on the claims that have incomplete documentation or are contested. The accountant’s time appears to vary with the number of claims processed.

Li Ming was able to separate the costs of processing claims from the costs of running the departments of accounting and human resources. He gathered the data on claims processing cost and the number of claims processed per month for the past 6 months. These data are as follows:

  Month Claims Processing Cost Number of
Claims Processed
February $34,907 5,700
March 31,260 4,900
April 37,950 6,100
May 38,250 6,500
June 44,895 7,930
July 44,055 7,514

Required:

1. Classify the claims processing costs that Li Ming identified as variable and fixed.

Salaries of the two paralegals times the percentage of time spent in processing uncontested claims
Salaries of the two paralegals times the percentage of time spent in handling contested claims
Depreciation on office equipment used in claims processing activity
Salary of the accountant times the percentage of time spent in the claims processing activity
Cost of claims forms
Checks
Envelopes
Postage

2. What is the independent variable?

What is the dependent variable?

3. Use the high-low method to find the fixed cost per month.
$

Use the high-low method to find the variable rate. Round to two decimal places.
$ per claim

What is the cost formula?
Total cost of claims processing = $ + ( $ per unit ×   )

4. Conceptual Connection: Suppose that an outside company bids on the claims processing business. The bid price is $4.60 per claim. If Tiffany expects 75,600 claims next year, should she outsource the claims processing or continue to do it in-house?

In: Accounting

Please fill out the charts below with the given information. The following selected transactions were completed...

Please fill out the charts below with the given information.

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Also note that the company uses a clearing house to take care of all bank as well as non-bank credit cards used by its customers.

Record on page 10 of the journal

Mar.      2              Sold merchandise on account to Equinox Co., $18,900, terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $13,300.

3              Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $7,000.

4              Sold merchandise on account to Empire Co., $55,400, terms FOB shipping point, n/eom. The cost of merchandise sold was $33,200.

5              Sold merchandise for $30,000 plus 6% sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19,400.

12           Received check for amount due from Equinox Co. for sale on March 2.

14           Sold merchandise to customers who used American Express cards, $13,700. The cost of merchandise sold was $8,350.

16           Sold merchandise on account to Targhee Co., $27,500, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $16,000.

18           Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,900.

Record on page 11 of the journal

Mar.      19           Sold merchandise on account to Vista Co., $8,250, terms FOB shipping point, 2/10, n/30. The cost of merchandise sold was $5,000. In addition, Amsterdam Supply Co. immediately paid $75 in freight charges and added this to the invoice sent.

26           Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18.

28           Received check for amount due from Vista Co. for sale of March 19.

31           Received check for amount due from Empire Co. for sale of March 4.

31           Paid Fleetwood Delivery Service $5,600 for merchandise delivered during March to customers under shipping terms of FOB destination.

Apr.       3              Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March.

15           Paid $6,544 to state sales tax division for taxes owed on sales.

Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS

Amsterdam Supply Co.

General Ledger

 

ASSETS

110

Cash

121

Accounts Receivable-Empire Co.

122

Accounts Receivable-Equinox Co.

123

Accounts Receivable-Targhee Co.

124

Accounts Receivable-Vista Co.

125

Notes Receivable

130

Merchandise Inventory

131

Estimated Returns Inventory

140

Office Supplies

141

Store Supplies

142

Prepaid Insurance

180

Land

192

Store Equipment

193

Accumulated Depreciation-Store Equipment

194

Office Equipment

195

Accumulated Depreciation-Office Equipment

 

LIABILITIES

210

Accounts Payable

216

Salaries Payable

218

Sales Tax Payable

219

Customer Refunds Payable

221

Notes Payable

 

EQUITY

310

Common Stock

311

Retained Earnings

312

Dividends

313

Income Summary

 

REVENUE

410

Sales

610

Interest Revenue

 

EXPENSES

510

Cost of Merchandise Sold

521

Delivery Expense

522

Advertising Expense

524

Depreciation Expense-Store Equipment

525

Depreciation Expense-Office Equipment

526

Salaries Expense

531

Rent Expense

533

Insurance Expense

534

Store Supplies Expense

535

Office Supplies Expense

536

Credit Card Expense

539

Miscellaneous Expense

710

Interest Expense

Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles. Scroll down for page 11 of the journal.

In: Accounting

Java Question here. Need to write a program that will check ANY operating system and find...

Java Question here. Need to write a program that will check ANY operating system and find out OS name and then write that info to a file in the data directory.

here is where I am so far:

    public void writeOSName() {
        
        // TODO write the name of the operating system running this code to a file
        //  in the data directory called os.txt
        
        // The file has to be written in the data directory of this project
        // Use System Properties to get the operating system name.
        // Remember this exact same code needs to work on a Mac/Linux and Windows computer without any modifications.
        
        // Handle any exceptions in this method. Do not declare that this method throws any exceptions.
        
        // If possible, test your code on two types of operating systems: Windows, and Mac/Linux.
        String osSystem = System.getProperty("os.name");
        if (osSystem.contains("Windows" )) {
           File filePath = new File("mydirectory", "os.txt");

        } else {

        }
        String version = System.getProperty("os.version");
//        System.out.println(osSystem);
//        System.out.println(version);
        try (BufferedWriter bw = new BufferedWriter(new FileWriter("os.txt"))) {
            bw.write(System.getProperty("os.name", "\n"));
            //bw.write(System.getProperty("os.version", "\n"));

        } catch (IOException e) {
            System.out.println("Error: " + e);
        }
    }
    
}

In: Computer Science

identify the needs of health care in America, access the proposed policies, design a portion of...

identify the needs of health care in America, access the proposed policies, design a portion of a health care plan that will work for America

In: Economics

On October 8th 2020, a CBC article was published that detailed the investment of public funds...

On October 8th 2020, a CBC article was published that detailed the investment of public funds by both the governments of Canada and Ontario into Ford Motor Company to help them upgrade their Oakville plant for the production of electric vehicles. This upgrade will make the Oakville plant Ford’s largest electric vehicle factory in North America. Both governments described their investment as a “win-win” because they promote employment, technology innovation and “our transition to a low-carbon, clean-growth economy.”

a) Perhaps Ford Motor Company’s decision to accelerate their capacity to manufacture electric vehicles signals their understanding of planetary boundaries. If this were the case, and drawing on concepts from class on business and the natural world, how would electric vehicle production lessen the stress on any specific planetary boundary, and would this strategic shift reflect an adaptation strategy, a mitigation strategy, or both? Explain.

In: Accounting

Immunity’s Early-Warning System. Scientific American, January 2005. How does the innate immune system recognize pathogens? After...

Immunity’s Early-Warning System. Scientific American, January 2005.

How does the innate immune system recognize pathogens?

After recognizing pathogens, what is the response of the innate immune system? (ie. What action does it take?)

How does the innate immune response promote and adaptive immune response?

How can an immune response contribute to disease?

How can exposure to LPS lead to septic shock? What is a situation in which one would be exposed to LPS?

In what organism were Toll proteins first discovered?

What happens when a bacteria binds a TLR, for example LPS binding to TLR-4? How is the signal transmitted from the receptor to the cell, and in general what does it tell the cell to do?

Which TLR is a current target for improving the effectiveness of vaccines, ie. To act as an adjuvant?

In: Biology

The project is about airline revenue and the factors that impact it. All the knowledge you...

The project is about airline revenue and the factors that impact it. All the knowledge you obtain in chapter 4, is enough to do the project.

Revenue of an airline is influenced by several factors, including fuel cost, employees’ salary, operating expenses, maintenance costs, fleet size, available seats. This project aims to find out the influence of some of these factors on revenue for U.S. airline industry for the period of 11 years.

In airline industry one of the variables that represent revenue is “Revenue Passenger mile”.

Attached is the data (revenue passenger mile, fuel cost, salary cost and seat available” of some U.S. airlines for the period of 2005 till 2015. Data has been collected from The Bureau of Transportation Statistics (BTS) database.

Each team should use regression tool to interpret the relation between revenue of airlines and the above mention factors for each year.

Each team should run a regression for each year separately, write the regression equations for each year and compare in which year each of these three factors impacts revenue the most and the least.

Finally, run the regression for whole the period and write the equation line for all observation and interpret the result in terms of the positive/negative influence of factors on revenue.

year

quarter carrier_name Fuel cost (000,000) Salary (000,000) Average seat miles (000,000) Revenue Passenger mile (000,000)
2014 1 American Airlines Inc. 1,820.97 1,477.69 76,592.08 10,582.29
2014 2 American Airlines Inc. 1,848.52 1,519.84 79,271.84 11,496.72
2014 3 American Airlines Inc. 1,840.16 1,495.73 80,899.81 11,622.45
2014 4 American Airlines Inc. 1,482.13 1,496.97 78,433.03 10,982.28
2014 1 Alaska Airlines Inc. 318.06 263.62 14,992.37 1,963.35
2014 2 Alaska Airlines Inc. 337.92 276.94 16,192.17 2,171.61
2014 3 Alaska Airlines Inc. 350.36 273.78 17,216.43 2,289.97
2014 4 Alaska Airlines Inc. 276.79 303.86 16,468.02 2,116.65
2014 1 JetBlue Airways 463.85 349.19 20,852.08 2,616.91
2014 2 JetBlue Airways 497.26 335.01 22,779.28 2,912.92
2014 3 JetBlue Airways 518.04 337.32 23,528.60 3,064.00
2014 4 JetBlue Airways 435.77 350.32 22,896.31 2,844.41
2014 1 Delta Air Lines Inc. 2,191.20 2,102.26 94,711.96 13,460.82
2014 2 Delta Air Lines Inc. 2,435.70 2,425.81 109,550.43 16,047.02
2014 3 Delta Air Lines Inc. 2,605.49 2,497.92 117,821.87 17,312.32
2014 4 Delta Air Lines Inc. 2,089.33 2,334.80 102,385.74 14,608.75
2014 1 Frontier Airlines Inc. 110.70 66.88 5,492.58 717.32
2014 2 Frontier Airlines Inc. 129.78 66.32 6,194.93 835.44
2014 3 Frontier Airlines Inc. 141.63 73.47 6,775.41 925.54
2014 4 Frontier Airlines Inc. 114.90 74.24 6,615.24 867.83
2014 1 Hawaiian Airlines Inc. 166.33 113.86 8,088.18 1,110.26
2014 2 Hawaiian Airlines Inc. 169.00 119.24 8,530.87 1,184.51
2014 3 Hawaiian Airlines Inc. 175.91 120.65 9,003.61 1,308.91
2014 4 Hawaiian Airlines Inc. 145.62 118.92 8,532.93 1,234.26
2014 1 United Air Lines Inc. 2,253.93 2,195.92 99,562.00 13,853.59
2014 2 United Air Lines Inc. 2,441.23 2,247.32 110,370.32 15,940.16
2014 3 United Air Lines Inc. 2,450.90 2,402.58 113,818.75 16,561.66
2014 4 United Air Lines Inc. 1,896.06 2,303.82 104,371.59 14,803.13
2014 1 US Airways Inc. 817.31 756.68 37,064.68 4,850.37
2014 2 US Airways Inc. 910.87 763.02 42,721.22 5,714.15
2014 3 US Airways Inc. 901.44 765.47 42,797.10 5,651.65
2014 4 US Airways Inc. 667.42 713.33 37,242.14 4,814.87
2014 1 Southwest Airlines Co. 1,261.24 1,340.00 55,173.46 7,125.78
2014 2 Southwest Airlines Co. 1,371.67 1,472.42 63,036.28 6,903.57
2014 3 Southwest Airlines Co. 1,334.88 1,435.34 63,874.25 6,650.69
2014 4 Southwest Airlines Co. 1,114.16 1,459.30 63,421.77 8,022.97
2015 1 American Airlines Inc. 1,031.03 1,671.86 75,923.24 10,511.24
2015 2 American Airlines Inc. 1,149.26 1,630.39 81,625.00 11,659.20
2015 3 American Airlines Inc. 1,532.77 2,545.34 126,914.65 18,111.60
2015 4 American Airlines Inc. 1,242.05 2,520.90 116,283.51 16,293.81
2015 1 Alaska Airlines Inc. 204.36 297.90 16,695.77 2,140.22
2015 2 Alaska Airlines Inc. 234.47 303.97 17,970.06 2,358.63
2015 3 Alaska Airlines Inc. 206.33 306.99 18,559.50 2,451.66
2015 4 Alaska Airlines Inc. 185.06 323.65 18,609.47 2,359.06
2015 1 JetBlue Airways 334.82 396.63 22,851.64 2,908.46
2015 2 JetBlue Airways 371.35 396.36 24,485.83 3,166.36
2015 3 JetBlue Airways 342.23 411.56 25,991.41 3,344.58
2015 4 JetBlue Airways 299.38 423.21 25,365.14 3,173.57
2015 1 Delta Air Lines Inc. 2,423.97 2,275.25 100,342.79 14,031.82
2015 2 Delta Air Lines Inc. 2,177.48 2,648.54 114,687.64 16,430.01
2015 3 Delta Air Lines Inc. 1,719.52 2,884.14 122,547.57 17,751.82
2015 4 Delta Air Lines Inc. 1,524.08 2,637.46 103,295.93 14,876.51
2015 1 Frontier Airlines Inc. 83.79 74.48 6,865.15 871.44
2015 2 Frontier Airlines Inc. 95.51 67.14 7,678.22 986.09
2015 3 Frontier Airlines Inc. 84.16 65.28 7,887.85 1,039.46
2015 4 Frontier Airlines Inc. 70.31 106.19 8,559.76 1,121.54
2015 1 Hawaiian Airlines Inc. 106.96 125.60 8,443.48 1,195.99
2015 2 Hawaiian Airlines Inc. 107.87 131.09 8,863.41 1,245.18
2015 3 Hawaiian Airlines Inc. 101.53 132.12 9,326.04 1,324.22
2015 4 Hawaiian Airlines Inc. 84.45 136.89 8,769.90 1,260.02
2015 1 United Air Lines Inc. 1,324.81 2,358.19 100,228.00 14,183.53
2015 2 United Air Lines Inc. 1,555.46 2,562.83 114,082.60 16,255.15
2015 3 United Air Lines Inc. 1,402.04 2,603.53 117,983.54 17,112.84
2015 4 United Air Lines Inc. 1,108.57 2,489.05 107,618.57 15,378.46
2015 1 Southwest Airlines Co. 833.83 1,490.22 64,668.39 8,178.52
2015 2 Southwest Airlines Co. 957.47 1,685.52 73,038.10 7,915.15
2015 3 Southwest Airlines Co. 889.48 1,775.64 72,807.00 7,871.24
2015 4 Southwest Airlines Co. 753.80 1,738.04 70,828.09

9,374.66

In: Operations Management