Questions
Thirty years ago, being financially literate meant knowing how to balance your checkbook. People had piggy...

Thirty years ago, being financially literate meant knowing how to balance your checkbook. People had piggy banks to save their spare change. How have payments systems changed over recent decades? Do you agree or disagree with this innovation?

In: Economics

Describe and explain why the USA health system is considered to be neither a decentralized health...

Describe and explain why the USA health system is considered to be neither a decentralized health market nor a centralized health system and what is the impact on health care reform of the combined federal-state responsibility with substantial federal oversight and funding, imbued with state innovation and implementation

In: Operations Management

How, specifically, can nonprofit agencies utilize innovation and entrepreneurship strategies to ensure agency success? How can...

How, specifically, can nonprofit agencies utilize innovation and entrepreneurship strategies to ensure agency success? How can strategic marketing produce and facilitate agency growth? How do these strategies differ in the nonprofit sector versus the public sector? Why are the stakes greater?

In: Economics

Using an organization with which you are familiar, identify its corporate culture and the elements of...

Using an organization with which you are familiar, identify its corporate culture and the elements of its observable culture. What do you think would need change in order to facilitate innovation? What role would organizational development play in overcoming resistance to change?

In: Operations Management

Using an organization with which you are familiar, identify its corporate culture and the elements of...

Using an organization with which you are familiar, identify its corporate culture and the elements of its observable culture. What do you think would need change in order to facilitate innovation? What role would organizational development play in overcoming resistance to change?

In: Operations Management

In early 2019, The Economist reported that Venezuela’s GDP had fallen by 50% over just five...

In early 2019, The Economist reported that Venezuela’s GDP had fallen by 50% over just five years. During the same time period, charges of bribery and corruption were piling up upon members of the Venezuelan government, including President Nicolás Maduro, whose reelection that year was widely perceived as illegitimate.

Using what you learned in the chapter, indicate how bribery and corruption in the Venezuelan government could lead to declines in GDP.

a. The negative impact of bribery and corruption on growth is primarily due to their impact on (Choose one)

  • government spending
  • imports
  • investment
  • consumption

What are some of the crucial elements that governments must provide to encourage innovation and growth? (select all that apply)

b. Governments should

-adopt efficient regulations.

-embrace policies that encourage innovation.

-recognize and guarantee property rights.

-establish and maintain a stable society.

In: Economics

A sound wave is oscillating in the n=7 mode in a tube of length 3.25 m....

A sound wave is oscillating in the n=7 mode in a tube of length 3.25 m. What is the wavelength and frequency of the standing sound wave in the tube if the speed of sound is 340 m/s and:
a) The tube is open at both ends.
b) The tube is closed at both ends.
c) One end of the tube is open and the other end is closed.

In: Physics

Technology is rapidly changing, and it is important that we continuously learn and keep abreast with...

Technology is rapidly changing, and it is important that we continuously learn and keep abreast with technology. Many businesses close because they did not keep abreast of the technology. How do you plan to keep abreast of technology and stay current and productive?

List 3 magazines you read.

In: Operations Management

Jia Inc. has the following securities in its investments portfolio on December 31, 2010. These investments...

Jia Inc. has the following securities in its investments portfolio on December 31, 2010. These investments were purchased within 2010.

i. 700 shares of Wirjanto Corp. common shares, which cost $20,000 and had a fair value of $25,000 at the end of 2010. This is accounted for by Jia Inc. as an Available-For-Sale investment.

ii. 900 shares of MLT Corp. common shares, which cost $30,000 and had a fair value of  $45,000 at the end of 2010. This is accounted for by Jia Inc. as an Available-For-Sale Investment.  

iii. Delacosta Ltd. 10% bonds, $100,000 par value, purchased for $125,000; amortized cost was $110,000 at the end of 2010. The market rate of the bonds was 8% when acquired, and interest is paid annually at the end of each year.

In 2011, the following transactions occurred:

1. January 1: A cash dividend was received from Wirjanto Corp shares at a price of $2 per share.

2. April 1: Jia Inc. sold the MLT Corp. common shares for $40,000.

3. July 1: Jia Inc. purchased 500 shares of Gardi Inc. for $10 per share. (This is accounted for by Jia Inc. as a Held-For-Trading Investment)

4. October 1: 100 shares of Wirjanto Corp. were sold for $5,000.

5. December 31: Annual interest was received on the Delacosta Ltd. bond. (Interest revenue is measured using the effective-interest method)

6. December 31: Market values per share are:

Wirjanto Corp. $45
MLT Corp. $55
Gardi Inc. $8

Instructions:

Journalize the events from 2011 for Jia Inc.

Note: The company records dividends, interest income, amortization and holding gains (losses) separately to facilitate tax preparation.

In: Accounting

Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods...

Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 582 locations across the U.S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2010, Costco had approximately 60 million members. Selected fiscal-year information from the company's balance sheets follows. ($ millions).

Selected Balance Sheet Data ($ millions)

2010

2009

Merchandise inventories

$5,638

$5,405

Deferred membership income (liability)

869

824


(a) During fiscal 2010, Costco collected $1,736 cash for membership fees. Use the financial statement effects template to record the cash collected for membership fees.
(b) In 2010, Costco recorded $67,995 million in merchandise costs (that is, cost of goods sold). Record this transaction in the financial statement effects template.
(c) Determine the value of merchandise that Costco purchased during fiscal-year 2010. Use the financial statement effects template to record these merchandise purchases. Assume all of Costco's purchases are on credit.

Use negative signs with your answers, when appropriate. Enter answers in millions.

Balance Sheet

Transaction

Cash
Asset

+

Noncash
Assets

=

Liabilities

+

Contributed
Capital

+

Earned
Capital

(a)

Answer

Answer

Answer

Answer

Answer

(b)

Answer

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Answer

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Answer

(c)

Answer

Answer

Answer

Answer

Answer

Income Statement


Revenue


-


Expenses


=


Net Income

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

please help me solve this ........thank you very much

In: Accounting