Questions
How democratic is America today? What criteria do we use to evaluate "decocratic-ness"? Does democracy still...

How democratic is America today? What criteria do we use to evaluate "decocratic-ness"? Does democracy still work in America?

In: Economics

Joshua and Tiffany have a net worth of $25,000 and total assets of $140,000. They have...

Joshua and Tiffany have a net worth of $25,000 and total assets of $140,000. They have credit card and other monthly bills of $2,200. You are preparing their Balance Sheet. What are their total liabilities?

On an income and expense statement covering January 1 to June 30, Which one of the following would not be included as income.

wages and salaries received in that six months

interest received on June 30

auto sold with payment received May 15

inheritance granted in April, to be paid in September

income tax refund received April 14

You put $2,000 into an account every year for 10 years. You earn 7% compounded annually. How much money will you have after 10 years?

$40,000

$24,863

$27,633

$25,388

$32,860

In: Finance

ltoid Co.Balance Sheet At December 31, 2018 Cash                                   &n

ltoid Co.Balance Sheet At December 31, 2018

Cash                                           150

Short-term investments                         200

Accounts receivable (net)                      300

Inventories                                    450

Property, plant, and equipment (net) Total assets 1100

Total assets                                   2200

Liabilities and shareholders’ equity:         

Current liabilities                            450

Long-term liabilities                          600

Paid-in capital                               150

Retained earnings                              1000

Total liabilities and shareholders’ equity    2200

Net sales                                      7700

Operating expenses                             7110

Income before interest and taxes               590

Interest expense                               90

Income tax expense                             150

Net income                                     350

Compute the following financial statement ratios for 2018:

6) Altoid Co.'s current ratio. Round your answer to two decimal places.

7) Altoid Co.'s acid-test ratio. Round your answer to two decimal places.

8) Altoid Co.'s debt to equity ratio. Round your answer to two decimal places.

9) Altoid Co.'s times interest earned ratio. Round your answer to two decimal places.

10) Altoid Co.'s long term debt to equity ratio. Round your answer to two decimal places.) Use this information to answer the following questions:

Spartan Sportswear's current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement:

Inventories $180,000

Total assets $720,000

Current ratio 2.75

Acid-test ratio 1.5

Debt to equity ratio 1.4

Required: Compute the following for Spartan:

11) Current assets

12) Shareholders' equity

In: Accounting

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to...

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers:

page 10 of the journal

Mar. 2 Sold merchandise on account to Equinox Co., $19,200, terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $14,260.
3 Sold merchandise for $11,450 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $6,930.
4 Sold merchandise on account to Empire Co., $52,890, terms FOB shipping point, n/eom. The cost of merchandise sold was $33,880.
5 Sold merchandise for $30,850 plus 6% sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19,430.
12 Received check for amount due from Equinox Co. for sale on March 2.
14 Sold merchandise to customers who used American Express cards, $15,060. The cost of merchandise sold was $9,150.
16 Sold merchandise on account to Targhee Co., $26,800, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $15,500.
18 Issued credit memo for $1,400 to Targhee Co. for damaged merchandise from sale on March 16

page 11 of the journal

19 Sold merchandise on account to Vista Co., $7,950, terms FOB shipping point, 2/10, n/30. Added $100 to the invoice for prepaid freight. The cost of merchandise sold was $4,670.
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 $6,040 for delivery of merchandise in March to customers under shipping terms of FOB destination.
Apr. 3 Paid City Bank $880 for service fees for handling MasterCard and American Express sales during March.
15 Paid $6,020 to state sales tax division for taxes owed on sales.

Required:

Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

Chart of Accounts

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 Owner, Capital
311 Owner, Drawing
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

Journal

Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Scroll down for page 11 of the journal.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

PAGE 11

JOURNAL

ACCOUNTING EQUATION

In: Accounting

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to...

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 goods sold was $13,300.
3 Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of the goods sold was $7,000.
4 Sold merchandise on account to Empire Co., $55,400, terms FOB shipping point, n/eom. The cost of the goods sold was $33,200.
5 Sold merchandise for $30,000 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods 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 the goods 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 the goods 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. Added $75 to the invoice for prepaid freight. The cost of the goods sold was $5,000.
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.

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 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

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

PAGE 10

JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

PAGE 11

JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

In: Accounting

Starting from the front door of your house, you walk 60.0 m due east to a...

Starting from the front door of your house, you walk 60.0 m due east to a store, and then you walk 40.0 in the direction that is 30.0o south of west to a bench where you sit and read a physics book. For the entire trip starting from the front door of your house to the bench, what is your displacement vector?

a) 72.1 m at 33.7o south of east

b) 72.1 m at 56.3o south of east

c) 32.3 m at 49.4o south of east

d) 32.3 m at 38.3o south of east

In: Physics

A man walks 1.55 km south and then 2.25 km east, all in 2.80 hours. (a)...

A man walks 1.55 km south and then 2.25 km east, all in 2.80 hours.

(a)

What is the magnitude (in km) and direction (in degrees south of east) of his displacement during the given time?

magnitude km direction ° south of east

(b)

What is the magnitude (in km/h) and direction (in degrees south of east) of his average velocity during the given time?

magnitude km/h direction ° south of east

(c)

What was his average speed (in km/h) during the same time interval?

km/h

In: Physics

(Use Excel or SPSS to complete this Assignment). A random sample of respondents was drawn from...

(Use Excel or SPSS to complete this Assignment).

A random sample of respondents was drawn from three Latin American countries: Nicaragua, Guatemala, and Costa Rica. The variable if interest is the duration (in months) of stay in the United States during a respondent’s first migration to the United States.

Nicaragua: 4, 6, 6, 6, 12, 36, 36, 36, 36, 60, 72, 78, 96, 120, 126, 156, 162, 162, 186, 540
Guatemala: 1, 1, 12, 24, 24, 24, 36, 36, 42, 60, 78, 84, 102, 102, 102, 102,132, 144
Costa Rica: 12, 12, 12, 12, 14, 15, 15, 18, 18, 24, 36, 48, 66, 120, 150, 150, 174, 282, 288

  1. Specify the level of measure for the variable of interest here. That is, what is the level of measurement of duration of stay during first U.S. migration?
  2. Explain why the values of 12, 24, and 36 are so common in the data? What do these three values have in common?
  3. Calculate the mode for Costa Rica.
  4. How does the mode for Guatemala compare to that of Costa Rica?
  5. In light of your answers to Questions #3 and #4, one explanation is that respondents from Latin American countries closer to the United States have a higher modal duration of stay during their first U.S. migration than respondents from Latin American countries that are further away. Does the evidence from Nicaragua support this idea? (Hint: examine a map of Latin America to see whether you would expect the mode for Nicaragua to be greater than or less than that for Costa Rica and Guatemala.)
  6. Given your answer to Question #5, you are interested in extending this idea to the value of the median. Which country would you expect to have the highest median duration of stay in the United States during first U.S. migration?

Which of the three countries above has the highest median value? Does this support your idea that respondents from Latin American countries that are closer to the United States have a higher median duration of stay in the United States during their first migration than respondents from Latin American countries that are further away?

In: Statistics and Probability

Ace Corp. had the following information for the year. Beginning Inventory at January 1       200 units...

Ace Corp. had the following information for the year.

Beginning Inventory at January 1       200 units @ $160 per unit

Inventory Purchase, March                400 units @ $180 per unit

Inventory Purchase, August                300 units @ $200 per unit

Inventory Purchase, October              25 units @ $21 per unit

Ending Inventory at December 31      350 units

What is Ace Corp’s:

Cost of goods sold for the year, using FIFO?

Ending inventory at December 31, using FIFO?

Cost of goods sold for the year, using LIFO?

Ending inventory at December 31, using LIFO?

Cost of goods sold for the year, using Average Cost?

Ending inventory at December 31, using Average Cost?

In: Accounting

Read section B through E before starting the assignment. Fill in the information below related to...

Read section B through E before starting the assignment. Fill in the information below related to the racial/ethnic group for the module.

Race: Black/ AfricanAmericans

Section A - Race and Ethnicity

Race:  

Ethnic Groups:

Section B - Immigration

  1. List the name of countries or country where this ethnic group originated from?
  2. Briefly describe the cultural environment of their native homeland.
  3. Was this ethnic group / race a native to North America.
  4. If not, why and when did this ethnic group /race of people originally immigrate to the United States?
  5. Were they voluntary or involuntary immigrants? How did they travel to U.S? Were they colonized?
  6. What are the major periods of immigration for this ethnic?
  7. Is there a difference in the new and old immigrants in terms of their willingness to blend into American culture or are they loyal to their customs, traditions, values, and norms of their homeland?    

Section C - Demographics

  1. What percentage of this ethnic group / race makes up the U.S. population?
  2. Where does the majority of this population live in the U.S.?
  3. What are their educational levels, including rate of high school completion?
  4. What is their family media income? What types of jobs, skills, or occupations are predominating for this ethnic group / race?
  5. What is the marriage and divorce rate?
  6. What are the primary causes of death, health care issues and concerns; and infant mortality rates for this ethnic group?

Section D - Culture and Religion

  1. What is the religious profile of this ethnic group/race, if any?
  2. What is/are the primary language(s) of this ethnic group / race?
  3. What are some of the cultural traits, customs, inventions, and/or traditions that this ethnic group / race contributed to the mainstream American society?

Section E - Stereotypes, Media, Prejudice, & Discrimination

  1. If any, what types of discrimination and prejudice did/does this ethnic group / race encounter in America?
  2. What are some of the stereotypes and racial profiles portrayed about this ethnic group / race in America’s mass media?
  3. What are the current political and/or social issues that this ethnic group / race face currently?
  4. List 3 famous people in this ethnic group / race with a very brief biography (2-3 sentences describing their contribution to society).

In: Nursing