Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company’s products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements:

1. The finished goods inventory on hand at the end of each month must equal 2,000 units of Supermix plus 20% of the next month’s sales. The finished goods inventory on June 30 is budgeted to be 13,000 units.

2. The raw materials inventory on hand at the end of each month must equal one-half of the following month’s production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 84,000 cc of solvent H300.

3. The company maintains no work in process inventories.

A monthly sales budget for Supermix for the third and fourth quarters of the year follows.

Required:

1. Prepare a production budget for Supermix for the months July, August, September, and October.

2. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total.

Prepare a production budget for Supermix for the months July, August, September, and October.

Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total.

Based on a simple random sample of 35 adult males in North America, it is found that the sample average height is 171cm with a sample standard deviation of 6cm. Construct 95% confidence interval for the mean height of all adult males in North America.

PLEASE SHOW THE WORK

The Bank of America wants to assess the recommendations before the change vs. the recommendations after the change as a result of a recent internal policy change. It has gathered the follow data:

1. 152 Bank of America customers were studied.

2. Of the 152, 102/152 recommended the bank before the change whist 50/152 did not recommend the bank before the change.

3. Of the 152, 132/152 recommended the bank after the change whilst 20/152 did not recommend the bank after the change.

1. Use the information above to answer questions (a) and (b).
   1. Perform a statistical test to see whether the proportion of members who would recommend the bank of america have increased because of the change.
   2. Construct a 99% confidence interval for the difference of the proportions, before and after the change, of members who would recommend the bank of america

The following information relates to the debt securities investments of Larkspur Company.

(a) Prepare any journal entries you consider necessary, including year-end entries (December 31), assuming these are available-for-sale securities.

Problem 17-7 The following information relates to the debt securities investments of Ivanhoe Company. 1. On February 1, the company purchased 10% bonds of Gibbons Co. having a par value of $313,200 at 100 plus accrued interest. Interest is payable April 1 and October 1. 2. On April 1, semiannual interest is received. 3. On July 1, 9% bonds of Sampson, Inc. were purchased.

These bonds with a par value of $216,000 were purchased at 100 plus accrued interest. Interest dates are June 1 and December 1. 4. On September 1, bonds with a par value of $54,000, purchased on February 1, are sold at 98 plus accrued interest. 5. On October 1, semiannual interest is received. 6. On December 1, semiannual interest is received. 7. On December 31, the fair value of the bonds purchased February 1 and July 1 are 94 and 92, respectively.

(a) Prepare any journal entries you consider necessary, including year-end entries (December 31), assuming these are available-for-sale securities

The following information relates to the debt securities investments of Kingbird Company.

(a) Prepare any journal entries you consider necessary, including year-end entries (December 31), assuming these are available-for-sale securities

In linux , Using a simple text editor, create a text file with the following name "Test" and content:

GNU GENERAL PUBLIC LICENSE

The GNU General Public License is a free, copy left license for the GNU General
Public License is intended to guarantee your freedom to GNU General Public License
for most of our software; it applies …

2-Write the command to create the text file.

3-Print the file permissions.

4-Create a directory named "361"

5-Copy file "Test" to the directory "361"

6-Rename the file to "GNU"

7-Print the last 5 lines.

8-Change the file owner to "Reem"

9-Add Sticky bit.

10-Make a search of "General" word

Display the total number of characters in the file.

Suppose that South Africa and Japan are major trading partners, and that capital flows occur between the two countries. The currency in South Africa is the South African Rand (R) and the currency in Japan is the Japanese Yen (¥). Assume that the equilibrium exchange rate in South Africa is 0.1R per ¥. Now suppose that (ceteris paribus) the cost of borrowing rises in Japan.

a. Using TWO separate graphs of the South African foreign exchange market, with each graph showing a different possible shift that could occur in that particular forex market, show how the equilibrium exchange rate might change.  Label your graphs fully and briefly explain the reason for your shifts.

a. b. Now mirror your explanation in TWO SEPARATE GRAPHS of the Japanese forex market. Label your graphs fully and briefly explain the reason for your shifts.

home / study / business / accounting / accounting questions and answers / sales and notes receivable transactions the following were selected from among the transactions ...
Your question has been answered
Let us know if you got a helpful answer. Rate this answer

Question: Sales and Notes Receivable Transactions The following were selected from among the transactions c...

Sales and Notes Receivable Transactions

The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company:

Jan. 21. Sold merchandise on account to Black Tie Co., $28,000. The cost of goods sold was $16,800.
Mar. 18. Accepted a 60-day, 6% note for $28,000 from Black Tie Co. on account.
May 17. Received from Black Tie Co. the amount due on the note of March 18.
June 15. Sold merchandise on account, terms 1/10, n/30, to Pioneer Co. for $17,700. Record the sale net of the discount. The cost of goods sold was $10,600.
21. Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note.
25. Received from Pioneer Co. the amount due on the invoice of June 15, less 1% discount.
July 21. Received the interest due from JR Stutts and a new 60-day, 9% note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account.)
Sept. 19. Received from JR Stutts the amount due on her note of July 21.
22. Sold merchandise on account to Wycoff Co., $20,000. The cost of goods sold was $12,000.
Oct. 14. Accepted a 30-day, 6% note for $20,000 from Wycoff Co. on account.
Nov. 13. Wycoff Co. dishonored the note dated October 14.
Dec. 28. Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 45 days at 8% computed on the maturity value of the note.

Required:

Journalize the entries to record the transactions. Assume 360 days in a year. For a compound entry, if an amount box does not require an entry, leave it blank. Assume this is a year in which February has 28 days.

Jan. 21-sale

Jan. 21-cost

Mar. 18

May 17


June 15-sale

June 15-cost

June 21

June 25

July 21



Sept. 19- note


Sept. 22-sale

Sept. 22-cost

Oct. 14

Nov. 13


Dec. 28