Questions
how do the characteristics and composition of your workplace impact on emergency procedures? in the regards...

how do the characteristics and composition of your workplace impact on emergency procedures?

in the regards to workplace health and safety in hotel industry

In: Operations Management

Develop 2 soft and 2 hard standards for any aspect of the service offered by hotel...

Develop 2 soft and 2 hard standards for any aspect of the service offered by hotel and restaurant? (Subject: service marketing)

In: Operations Management

Why does the hotel industry have so many partnerships among competitors? Is this true for other...

Why does the hotel industry have so many partnerships among competitors? Is this true for other industries? Which ones?

In: Operations Management

As the new cybersecurity employee at a Florida-based luxury hotel chain franchise, would you insource cybersecurity...

As the new cybersecurity employee at a Florida-based luxury hotel chain franchise, would you insource cybersecurity functions or outsource?

In: Computer Science

. Draw a value chain for a hotel you know well or have researched. Explain the...

. Draw a value chain for a hotel you know well or have researched. Explain the implication of your study for competitive advantage.

In: Operations Management

Q2-Full Cost Method: 1-1. Timbers Oil Company, LLC (Timbers) is interested in exploring an area near...

Q2-Full Cost Method:

1-1. Timbers Oil Company, LLC (Timbers) is interested in exploring an area near Midland, Texas. Timbers accounts for its costs using the full cost method. It engages an aerial surveying firm to take photos of the region at a cost of $35,000. This results in the following entry?                                                                       Description                                         Account Type                     Debit     Credit                                                                                   

1-2. Timbers then acquires a least to a 120-acre property, which calls for an up-front bonus payment       of $95 per acre. The related journal entry is?                                                                                           

Description                                         Account Type                     Debit     Credit                                                                                   

1-3. Timbers then hires a drilling company to drill an exploratory well at a cost of $550,000. The related journal entry is?                                                                          

Description                                         Account Type                     Debit     Credit                                                                                   

1-4. After the well has been evaluated, it is determined to be a dry hole. The related journal entry is?                                                                                    

Description                                         Account Type                     Debit     Credit                                                                                   

1-5. Following this setback, Timbers instructs the drilling company to drill another exploratory well for $830,000, which is immediately determined to be successful. The resulting journal entry is?                                              Description                                                Account Type                     Debit     Credit

1-6. As the well was deemed successful, the resulting entry of the unproven property is:                                                                               

Description                                         Account Type                     Debit     Credit

1-7. Pleased with the results, Timbers decides to fully develop the property. Timbers engages the drilling company to drill a development well at a cost of $975,000. The related journal entry is?

                                                                Description                                         Account Type                     Debit     Credit                                                                                   

1-8. After an evaluation period, the development well is designated a dry hole. The resulting entry is?                    Description                                         Account Type                     Debit     Credit                                                                                   

1-9. Timbers drills two more wells that prove to be successful. After drilling two successful wells, Timbers spends $500,000 on flow lines, separators, tubing and other production facilities, the resulting journal entry is?                                                                                 

Description                                         Account Type                     Debit     Credit

1-10. Production begin and Timbers incurs monthly production costs of $45,000. The resulting journal entry is?                                                                                

Description                                         Account Type                     Debit     Credit

In: Accounting

Why are sympathetic ganglia near the spinal cord while parasympathetic ganglia are near the target organ?...

Why are sympathetic ganglia near the spinal cord while parasympathetic ganglia are near the target organ? I'm trying to reason this out so I can memorize less. If there's no explanation, is there a mnemonic that you use?

In: Anatomy and Physiology

The City of Pfeiffer starts the year of 2017 with the general fund and an enterprise...

The City of Pfeiffer starts the year of 2017 with the general fund and an enterprise fund. The general fund has two activities: education and parks/recreation. For convenience, assume that the general fund holds $123,000 cash and a new school building costing $1 million. The city utilizes straight-line depreciation. The building has a 20-year life and no salvage value. The enterprise fund has $62,000 cash and a new $600,000 civic auditorium with a 30-year life and no salvage value. The enterprise fund monitors just one activity, the rental of the civic auditorium for entertainment and other cultural affairs.

The following transactions for the city take place during 2017. Assume that the city’s fiscal year ends on December 31.

  1. Decides to build a municipal park and transfers $70,000 into a capital projects fund and immediately expends $20,000 for a piece of land. The creation of this fund and this transfer were made by the highest level of government authority.

  2. Borrows $110,000 cash on a long-term bond for use in creating the new municipal park.

  3. Assesses property taxes on the first day of the year. The assessment, which is immediately enforceable, totals $600,000. Of this amount, $510,000 will be collected during 2017 and another $50,000 is expected in the first month of 2018. The remainder is expected about halfway through 2018.

  4. Constructs a building in the park in (b) for $80,000 cash so that local citizens can play basketball and other sports. It is put into service on July 1 and should last 10 years with no salvage value.

  5. Builds a sidewalk around the new park for $10,000 cash and puts it into service on July 1. It should last for 10 years, but the city plans to keep it up to a predetermined quality level so that it will last almost indefinitely.

  6. Opens the park and charges an entrance fee of only a token amount so that it records the park, therefore, in the general fund. Collections during this first year total $8,000.

  7. Buys a new parking deck for $200,000, paying $20,000 cash and signing a long-term note for the rest. The parking deck, which is to go into operation on July 1, is across the street from the civic auditorium and is considered part of that activity. It has a 20-year life and no salvage value.

  8. Receives a $100,000 cash grant for the city school system that must be spent for school lunches for the poor. Appropriate spending of these funds is viewed as an eligibility requirement of this grant. During the current year, $37,000 of the amount received was properly spent.

  9. Charges students in the school system a total fee of $6,000 for books and the like. Of this amount, 90 percent is collected during 2017 with the remainder expected to be collected in the first few weeks of 2018.

  10. Buys school supplies for $22,000 cash and uses $17,000 of them. The general fund uses the purchases method.

  11. Receives a painting by a local artist to be displayed in the local school. It qualifies as a work of art, and officials have chosen not to capitalize it. The painting has a value of $80,000. It is viewed as inexhaustible.

  12. Transfers $20,000 cash from the general fund to the enterprise fund as a capital contribution.

  13. Orders a school bus for $99,000.

  14. Receives the school bus and pays an actual cost of $102,000. The bus is put into operation on October 1 and should last for five years with no salvage value.

  15. Pays salaries of $240,000 to school teachers. In addition, owes and will pay $30,000 during the first two weeks of 2018. Vacations worth $23,000 have also been earned but will not be taken until July 2018.

  16. Pays salaries of $42,000 to city auditorium workers. In addition, owes and will pay $3,000 in the first two weeks of 2018. Vacations worth $5,000 have also been earned but will not be taken until July 2018.

  17. Charges customers $130,000 for the rental of the civic auditorium. Of this balance, collected $110,000 in cash and will collect the remainder in April 2018.

  18. Pays $9,000 maintenance charges for the building and sidewalk in (d) and (e).

  19. Pays $14,000 on the bond in (b) on the last day of 2017: $5,000 principal and $9,000 interest.

  20. Accrues interest of $13,000 on the note in (g) as of the end of 2017, an amount that it will pay in June 2018.

  21. Assumes that a museum that operates within the city is a component unit that will be discretely presented. The museum reports to city officials that it had $42,000 of direct expenses this past year and $50,000 in revenues from admission charges. The only assets that it had at year-end were cash of $24,000, building (net of depreciation) of $300,000, and a long-term liability of $210,000.

Prepare the 2017 government-wide financial statements for this city. Assume the use of the modified approach.

In: Accounting

Samuelson and Messenger (SAM) began 2021 with 250 units of its one product. These units were...

Samuelson and Messenger (SAM) began 2021 with 250 units of its one product. These units were purchased near the end of 2020 for $24 each. During the month of January, 125 units were purchased on January 8 for $27 each and another 250 units were purchased on January 19 for $29 each. Sales of 170 units and 130 units were made on January 10 and January 25, respectively. There were 325 units on hand at the end of the month. SAM uses a perpetual inventory system.

Required:
1. Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO.
2. Complete the below table to calculate ending inventory and cost of goods sold for January using average cost.
  

Perpetual FIFO Cost of Goods Available for Sale Cost of Goods Sold - January 10 Cost of Goods Sold - January 25 Inventory Balance
# of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory
Beg. Inventory 250 $24.00 $6,000 $24.00 $0 $24.00 $0 $24.00 $0
Purchases:
January 8 125 27.00 3,375 27.00 0 27.00 0 27.00 0
January 19 250 29.00 7,250 29.00 0 29.00 0 29.00 0
Total 625 $16,625 0 $0 0 $0 0

In: Accounting

Hi! Can someone summarize what the reaction article is saying? I am having trouble understanding it....

Hi! Can someone summarize what the reaction article is saying? I am having trouble understanding it.

The purpose of this experiment was to investigate the catalytic performance of solid acid catalyst developed from modification of coal combustion fly ash to synthesize methyl 4-aminobenzoate (MAB) by Fischer esterification between 4-aminobenzoic acid and methanol. Upon acid modification of fly ash, surface acidity of solid acid catalyst (SAC) is greatly enhanced as a result of increased surface area, augmented silica content, and fabricated phosphates. The proposed mechanism, similar to our lab, demonstrates that the surface acid sites of solid acid catalyst (SAC) initiate the reaction by donating proton to 4-aminobenzoic acid, resulting in the formation of carbocation, which is then attacked by the electron-rich oxygen atom of methanol. Subsequent loss of water and deprotonation resulted in the formation of the desired product, MAB. Recyclability study reveals that the solid acid catalyst (SAC) retains similar catalytic activity till the fifth reaction cycle furnishing the yield of methyl 4-aminobenzoate in the range 82–98% This unveils that the acidity remains unaffected during regeneration of the catalyst. This eco-friendly, highly efficient, and low-cost solid acid catalyst system may be used as a replacement of harmful traditional liquid acids for important reactions in pharmaceutical industries to synthesize indispensable drugs.

In: Chemistry