The following selected transactions were completed by Capers Company during October of the current year: Oct 1. Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30. 3. Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $220 was added to the invoice. 4. Purchased merchandise from Taco Co., $13,650, terms FOB destination, 2/10, n/30. 6. Issued debit memo to Taco Co. for $4,550 of merchandise returned from purchase on October 4. Oct 13. Paid Hoagie Co. for invoice of October 3. 14. Paid Taco Co. for invoice of October 4 less debit memo of October 6. 19. Purchased merchandise from Veggie Co., $27,300, terms FOB shipping point, n/eom. 19. Paid freight of $400 on October 19 purchase from Veggie Co. 20. Purchased merchandise from Caesar Salad Co., $22,000, terms FOB destination, 1/10, n/30. 30. Paid Caesar Salad Co. for invoice of October 20. 31. Paid UK Imports Co. for invoice of October 1. 31. Paid Veggie Co. for invoice of October 19.

Instructions Journalize the entries to record the transactions of Capers Company for October.

The following selected transactions were completed by Capers Company during October of the current year:

Journalize the entries to record the transactions of Capers Company for October. Refer to the Chart of Accounts for exact wording of account titles.

A study was conducted to determine if there was a difference in the humor content in British and American trade magazine advertisements. In an independent random sample of 270 American trade magazine advertisements, 56 were humorous. An independent random sample of 203 British trade magazines contained 52 humorous ads. Do these data provide evidence at the 0.05 significance level that there is a difference in the proportion of humorous ads in British versus American trade magazines?

State the null and alternate hypotheses.

Make the decision rule. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)

Evaluate the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)

What is the decision regarding the null hypothesis?

In 2015 as part of the General Social Survey, 1220 randomly selected American adults responded to this question:

“Some countries are doing more to protect the environment than other countries. In general, do you think that America is doing more than enough, about the right amount, or too little?”

Of the respondents, 492 replied that America is doing about the right amount. What is the 95% confidence interval for the proportion of all American adults who feel that America is doing about the right amount to protect the environment.

1. (0.38, 0.426)
2. (0.367, 0.439)
3. (0.376, 0.431)
4. (0.389, 0.417)

Why do you think the topic of Early Human migration to America is controversial for archaeologists?

A key dynamic within any Multi National Corporation (MNC) is management of cash and also foreign exchange risk exposure. Cash management is critical and also heavily influenced by global dynamics. Within the Caribbean and South American jurisdiction, the economic framework is tightly connected with the major Asian economies of China and Japan, as well as the United States and the United Kingdom. The Caribbean and South American economy respectively, have been a barometer of the global economic cycle.

For the South American economy, many Multi-National Corporations   have made significant investments in order to achieve a reduction in the production cost of goods and also diversification benefits. Despite the benefits that could possibly materialize, some South American countries have weak banking systems and also have not been resilient through Global market shocks and Financial Crisis. This weakness may be as a result of politics and the quality of prudential supervision. Given this context, respond to the following questions which require research with respect to the localized context and also within the current market dynamics.

1) You have been asked to evaluate possible sites for a South American production facility that will manufacture your firm's products and sell them to the United Kingdom and Japanese market. Outline and discuss five (5) real exchange rate considerations you should entertain in your evaluation?

How many native American Cultural areas are there in North America and what are they? Where do they reside Geographically? What are some of the similarities among these Native American Cultures? What are the Differences?

Tiffany and Carlos decided to liquidate their jointly owned corporation, Royal Oak Furniture (ROF). After liquidating its remaining inventory and paying off its remaining liabilities, ROF had the following tax accounting balance sheet:

Under the terms of the agreement, Tiffany will receive the $200,000 cash in exchange for her 50 percent interest in ROF. Tiffany's tax basis in her ROF stock is $50,000. Carlos will receive the building and land in exchange for his 50 percent interest in ROF. His tax basis in the ROF stock is $100,000. Assume for purposes of this problem that the cash available to distribute to the shareholders has been reduced by any tax paid by the corporation on gain recognized as a result of the liquidation. (Negative amounts should be indicated by a minus sign.)

a. What amount of gain or loss does ROF recognize in the complete liquidation?

b. What amount of gain or loss does Tiffany recognize in the complete liquidation?

c. What amount of gain or loss does Carlos recognize in the complete liquidation?

d. What is Carlos’s tax basis in the building and land after the complete liquidation?

Assume Tiffany owns 40 percent of the ROF stock and Carlos owns 60 percent. Tiffany will receive $160,000 in the liquidation and Carlos will receive the land and building plus $40,000.

e. What amount of gain or loss does ROF recognize in the complete liquidation?

Assume Tiffany owns 40 percent of the ROF stock and Carlos owns 60 percent. Tiffany will receive $160,000 in the liquidation and Carlos will receive the land and building plus $40,000.

f. What amount of gain or loss does Tiffany recognize in the complete liquidation?

Assume Tiffany owns 40 percent of the ROF stock and Carlos owns 60 percent. Tiffany will receive $160,000 in the liquidation and Carlos will receive the land and building plus $40,000.

g. What amount of gain or loss does Carlos recognize in the complete liquidation?

Assume Tiffany owns 40 percent of the ROF stock and Carlos owns 60 percent. Tiffany will receive $160,000 in the liquidation and Carlos will receive the land and building plus $40,000.

h. What is Carlos’s tax basis in the building and land after the complete liquidation?

Tiffany and Carlos decided to liquidate their jointly owned corporation, Royal Oak Furniture (ROF). After liquidating its remaining inventory and paying off its remaining liabilities, ROF had the following tax accounting balance sheet:

Under the terms of the agreement, Tiffany will receive the $382,000 cash in exchange for her 50 percent interest in ROF. Tiffany's tax basis in her ROF stock is $65,000. Carlos will receive the building and land in exchange for his 50 percent interest in ROF. His tax basis in the ROF stock is $145,500. Assume for purposes of this problem that the cash available to distribute to the shareholders has been reduced by any tax paid by the corporation on gain recognized as a result of the liquidation. (Any answer representing a loss should be entered as a negative number.)

a. What amount of gain or loss does ROF recognize in the complete liquidation?

b. What amount of gain or loss does Tiffany recognize in the complete liquidation?

c. What amount of gain or loss does Carlos recognize in the complete liquidation?

d. What is Carlos’s tax basis of the building and land after the complete liquidation?

Assume Tiffany owns 40 percent of the ROF stock and Carlos owns 60 percent. Tiffany will receive $305,600 in the liquidation and Carlos will receive the land and building plus $76,400.

e. What amount of gain or loss does ROF recognize in the complete liquidation?

Assume Tiffany owns 40 percent of the ROF stock and Carlos owns 60 percent. Tiffany will receive $305,600 in the liquidation and Carlos will receive the land and building plus $76,400.

f. What amount of gain or loss does Tiffany recognize in the complete liquidation?

Assume Tiffany owns 40 percent of the ROF stock and Carlos owns 60 percent. Tiffany will receive $305,600 in the liquidation and Carlos will receive the land and building plus $76,400.

g. What amount of gain or loss does Carlos recognize in the complete liquidation?

Assume Tiffany owns 40 percent of the ROF stock and Carlos owns 60 percent. Tiffany will receive $305,600 in the liquidation and Carlos will receive the land and building plus $76,400.

h. What is Carlos’s tax basis in the building and land after the complete liquidation?