Vibrant Company had $980,000 of sales in each of Year 1, Year 2,
and Year 3, and it purchased merchandise costing $540,000 in each
of those years. It also maintained a $280,000 physical inventory
from the beginning to the end of that three-year period. In
accounting for inventory, it made an error at the end of Year 1
that caused its Year 1 ending inventory to appear on its statements
as $260,000 rather than the correct $280,000.
Required:
1. Determine the correct amount of the company’s gross
profit in each of Year 1, Year 2, and Year 3.
2. Prepare comparative income statements to show
the effect of this error on the company's cost of goods sold and
gross profit for each of Year 1, Year 2, and Year 3.
|
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In: Accounting
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:
| Year 1 | |
| July 1. | Issued $2,470,000 of five-year, 6% callable bonds dated July 1, Year 1, at a market (effective) rate of 8%, receiving cash of $2,269,661. Interest is payable semiannually on December 31 and June 30. |
| Dec. 31. | Paid the semiannual interest on the bonds. The bond discount amortization of $20,034 is combined with the semiannual interest payment. |
| Dec. 31. | Closed the interest expense account. |
| Year 2 | |
| June 30. | Paid the semiannual interest on the bonds. The bond discount amortization of $20,034 is combined with the semiannual interest payment. |
| Dec. 31. | Paid the semiannual interest on the bonds. The bond discount amortization of $20,034 is combined with the semiannual interest payment. |
| Dec. 31. | Closed the interest expense account. |
| Year 3 | |
| June 30. | Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $120,203 after payment of interest and amortization of discount have been recorded. (Record the redemption only.) |
1. Journalize the entries to record the foregoing transactions. If an amount box does not require an entry, leave it blank or enter "0". When required, round your answers to the nearest dollar.
| Date | Account | Debit | Credit |
|---|---|---|---|
| Year 1 | |||
| July 1 | Cash | ||
| Discount on bonds payable | |||
| Bonds payable | |||
| Dec. 31-Bond | Interest expense | ||
| Discount on bonds payable | |||
| Cash | |||
| Dec. 31-Closing | Income summary | ||
| Interest expense | |||
| Year 2 | |||
| June 30 | Interest expense | ||
| Discount on bonds payable | |||
| Cash | |||
| Dec. 31-Bond | Interest expense | ||
| Discount on bonds payable | |||
| Cash | |||
| Dec. 31-Closing | Income summary | ||
| Interest expense | |||
| Year 3 | |||
| June 30 | Bonds payable | ||
| Loss on redemption of bonds | |||
| Discount on bonds payable | |||
| Cash |
2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2.
a. Year 1 $
b. Year 2 $
3. Determine the carrying amount of the bonds
as of December 31, Year 2.
$
In: Accounting
In: Finance
Research is an integral part of all professional fields. Designing a research study can be a complicated task that can be simplified if the appropriate techniques can be identified. This assignment will give you the opportunity to design an experiment, including finding relevant prior research, determining the appropriate sample, data analysis techniques, and discuss the results you hope to see. Working from the topic chosen earlier in the topic selection, you will be designing your own statistical study. In a 1,250-1,500 word report discuss the design of an experiment that would expand on or relate to the research in the previously chosen article. See the attached document for detailed instructions on how to complete the project. A minimum of four additional scholarly resources are required. MAT-274 Final Project Detailed Criteria Background information explaining the importance of the research (why it should be done) and what has been done in the past. This background section can be a large portion of your paper, perhaps around 25% of the entire word count. Here you explain what previous research has been done on your topic and how this inspired your new study/experiment. You are required to reference four scholarly articles in your final paper. Make sure to mention how the study you designed is different from the previous work you read in your primary research articles. You can also include information in this section about why the topic is important to your field of study or relevant to you in general. Sampling and experimental design with rationale. In this section, you should include your sampling technique, how you are achieving appropriate randomization, and why this technique is the most appropriate for your particular experiment. Make sure you address any possible bias in your sampling technique and how you will consider this in your final results. Conclude this section with a discussion of your population for generalization and how the demographics of your sample achieve this goal. Data analysis techniques (specific inferential test that would need to be used and why, include tests that would need to be done to validate the assumptions needed for the chosen inferential test). This section is the heart of your final paper. The final grading of the project will focus most heavily on this content. There are at least three paragraphs worth of material to comment on in this section. It is essential that you clearly articulate which type of inferential test you are using (z, t, pairedt,pooled t,chi-squared, ANOVA+F-test, etc.). In addition to stating the type of test, you must explain why this test is appropriate. Every statistical test has certain conditions that must be satisfied to make the test have reasonable inferential power (see lecture slides on Loud Cloud). You need to verify that these assumptions are satisfied for your experiment/sample and explain what types of information you would collect to show this; mention any calculations, graphs, charts, and plots you would use. It would be very nice to include some information on how you would use Excel to implement these calculations/charts. The hypothesis test needs to be formally stated (null and alternative clearly and correctly given with variable names and inequalities/equalities in the correct spot). Describe whether this is a one-tailed or two-tailed test, your chosen significance level (with justification), and what the p-value would tell you in the context of your problem. If your test requires follow-up analysis (such as ANOVA, paired-t), you need to mention explicitly what type of follow up you will do and how these calculations would be performed. Why do you need the follow up calculations? What does this analysis tell you? Expected results as well as the questions this research will serve to answer This section can consist of a single paragraph and should discuss what exactly you hope to answer by performing your inferential test described in the previous part. State what results you expect to see for your hypothesis test, what do you expect the p-value to be approximately? What does the p-value tell you about your null/alternative? Would reject/fail to reject the null? Explain what your hypothesis test outcome means in language relevant to your chosen topic. Suggestions for future research. Your paper should end with a concluding paragraph that discusses how your experiment might influence future research. Decide on future experiments that might be performed based off your work here and previous research. Outline any sample size/experimental design changes you would recommend to future researchers. How would this future research expand the work already completed?
In: Statistics and Probability
Research is an integral part of all professional fields. Designing a research study can be a complicated task that can be simplified if the appropriate techniques can be identified. This assignment will give you the opportunity to design an experiment, including finding relevant prior research, determining the appropriate sample, data analysis techniques, and discuss the results you hope to see. Working from the topic chosen earlier in the topic selection, you will be designing your own statistical study. In a 1,250-1,500 word report discuss the design of an experiment that would expand on or relate to the research in the previously chosen article. See the attached document for detailed instructions on how to complete the project. A minimum of four additional scholarly resources are required. MAT-274 Final Project Detailed Criteria Background information explaining the importance of the research (why it should be done) and what has been done in the past. This background section can be a large portion of your paper, perhaps around 25% of the entire word count. Here you explain what previous research has been done on your topic and how this inspired your new study/experiment. You are required to reference four scholarly articles in your final paper. Make sure to mention how the study you designed is different from the previous work you read in your primary research articles. You can also include information in this section about why the topic is important to your field of study or relevant to you in general. Sampling and experimental design with rationale. In this section, you should include your sampling technique, how you are achieving appropriate randomization, and why this technique is the most appropriate for your particular experiment. Make sure you address any possible bias in your sampling technique and how you will consider this in your final results. Conclude this section with a discussion of your population for generalization and how the demographics of your sample achieve this goal. Data analysis techniques (specific inferential test that would need to be used and why, include tests that would need to be done to validate the assumptions needed for the chosen inferential test). This section is the heart of your final paper. The final grading of the project will focus most heavily on this content. There are at least three paragraphs worth of material to comment on in this section. It is essential that you clearly articulate which type of inferential test you are using (z, t, pairedt,pooled t,chi-squared, ANOVA+F-test, etc.). In addition to stating the type of test, you must explain why this test is appropriate. Every statistical test has certain conditions that must be satisfied to make the test have reasonable inferential power (see lecture slides on Loud Cloud). You need to verify that these assumptions are satisfied for your experiment/sample and explain what types of information you would collect to show this; mention any calculations, graphs, charts, and plots you would use. It would be very nice to include some information on how you would use Excel to implement these calculations/charts. The hypothesis test needs to be formally stated (null and alternative clearly and correctly given with variable names and inequalities/equalities in the correct spot). Describe whether this is a one-tailed or two-tailed test, your chosen significance level (with justification), and what the p-value would tell you in the context of your problem. If your test requires follow-up analysis (such as ANOVA, paired-t), you need to mention explicitly what type of follow up you will do and how these calculations would be performed. Why do you need the follow up calculations? What does this analysis tell you? Expected results as well as the questions this research will serve to answer This section can consist of a single paragraph and should discuss what exactly you hope to answer by performing your inferential test described in the previous part. State what results you expect to see for your hypothesis test, what do you expect the p-value to be approximately? What does the p-value tell you about your null/alternative? Would reject/fail to reject the null? Explain what your hypothesis test outcome means in language relevant to your chosen topic. Suggestions for future research. Your paper should end with a concluding paragraph that discusses how your experiment might influence future research. Decide on future experiments that might be performed based off your work here and previous research. Outline any sample size/experimental design changes you would recommend to future researchers. How would this future research expand the work already completed?
In: Statistics and Probability
Research is an integral part of all professional fields.
Designing a research study can be a complicated task that can be
simplified if the appropriate techniques can be identified. This
assignment will give you the opportunity to design an experiment,
including finding relevant prior research, determining the
appropriate sample, data analysis techniques, and discuss the
results you hope to see. Working from the topic chosen earlier in
the topic selection, you will be designing your own statistical
study. In a 1,250-1,500 word report, discuss the design of an
experiment that would expand on or relate to the research in the
previously chosen article. See the attached document for detailed
instructions on how to complete the project. A minimum of four
additional scholarly resources are required. **Research must be on
"Physician Burnout"**
MAT-274 Final Project Detailed Criteria
Background information explaining the importance of the research
(why it should be done) and what has been done in the past.
- This background section can be a large portion of your paper,
perhaps around 25% of the entire word count. Here you explain what
previous research has been done on your topic and how this inspired
your new study/experiment. You are required to reference four
scholarly articles in your final paper. Make sure to mention how
the study you designed is different from the previous work you read
in your primary research articles. You can also include information
in this section about why the topic is important to your field of
study or relevant to you in general.
Sampling and experimental design with rationale.
- In this section, you should include your sampling technique, how
you are achieving appropriate randomization, and why this technique
is the most appropriate for your particular experiment. Make sure
you address any possible bias in your sampling technique and how
you will consider this in your final results. Conclude this section
with a discussion of your population for generalization and how the
demographics of your sample achieve this goal.
Data analysis techniques (specific inferential test that would need
to be used and why, include tests that would need to be done to
validate the assumptions needed for the chosen inferential
test).
- This section is the heart of your final paper. The final grading
of the project will focus most heavily on this content. There are
at least three paragraphs worth of material to comment on in this
section. It is essential that you clearly articulate which type of
inferential test you are using (z, t, paired t, pooled t,
chi-squared, ANOVA+F-test, etc.). In addition to stating the type
of test, you must explain why this test is appropriate. Every
statistical test has certain conditions that must be satisfied to
make the test have reasonable inferential power (see lecture slides
on Loud Cloud). You need to verify that these assumptions are
satisfied for your experiment/sample and explain what types of
information you would collect to show this; mention any
calculations, graphs, charts, and plots you would use. It would be
very nice to include some information on how you would use Excel to
implement these calculations/charts. The hypothesis test needs to
be formally stated (null and alternative clearly and correctly
given with variable names and inequalities/equalities in the
correct spot). Describe whether this is a one-tailed or two-tailed
test, your chosen significance level (with justification), and what
the p-value would tell you in the context of your problem. If your
test requires follow-up analysis (such as ANOVA, paired-t), you
need to mention explicitly what type of follow up you will do and
how these calculations would be performed. Why do you need the
follow up calculations? What does this analysis tell you?
Expected results as well as the questions this research will serve
to answer.
- This section can consist of a single paragraph and should discuss
what exactly you hope to answer by performing your inferential test
described in the previous part. State what results you expect to
see for your hypothesis test, what do you expect the p-value to be
approximately? What does the p-value tell you about your
null/alternative? Would reject/fail to reject the null? Explain
what your hypothesis test outcome means in language relevant to
your chosen topic.
Suggestions for future research.
- Your paper should end with a concluding paragraph that discusses
how your experiment might influence future research. Decide on
future experiments that might be performed based off your work here
and previous research. Outline any sample size/experimental design
changes you would recommend to future researchers. How would this
future research expand the work already completed?
In: Math
write code in java and comment. thanks. the program is about interface .
Fitness Task:
public interface Fitness
(10pts) This will be used as a starting point for deriving any specific Fitness type. Every fitness exercise type has one or more muscle group it affects. Therefor a Fitness has the following abstarct method (Note that all methods in an interface are abstract by default):
Aerobic Task:
(10pts) Aerobic means "with oxygen." The purpose of aerobic conditioning is to increase the amount of oxygen that is delivered to your muscles, which allows them to work longer. Aerobic is a Fitness. However, we cannot give the actual implementation for the methods muscleTargeted() and calorieLoss() as we don't know the actual aerobic exercise. The descripton() method returns the string Aerobic means "with oxygen.". Note that Aerobic is a good candidate to be abstract class.
public class Swimming, which is an Aerobic
This class represents an actual Aerobic exercise, i.e., it extends Aerobic class, that a user can do to burn calories. The calculation of how much calorie will be burn relies on a key value known as a MET, which stands for metabolic equivalent.One "MET" is "roughly equivalent to the energy cost of sitting quietly," and can be considered 1 kcal/kg/hour. The MET values of some of the exercises that we consider of this project are displayed in the following table. The MET value multiplied by weight in kilograms tells you calories burned per hour (MET*weight in kg=calories/hour). There are different types swimming: Butterflystroke, Freestyle, and Breaststroke. These different types of swimming activities affects different muscles. Butterflystroke: Abs,Back, Shoulders,Biceps,Triceps; Breastsstroke: Glutes, Cardio; Freestyle: Arms,Legs,Cardio.
Define a class Swimming. The class must include the following:
public class Cycling, which is an Aerobic
(10pts) This class represents an actual Aerobic exercise, i.e., it extends Aerobic class, that a user can do to burn calories. Cycling affects muscles: Glutes, Cardio, Legs. Define a class Cycling. The class also has:
| Exercise | HIGH | MEDIUM | LOW | |
|---|---|---|---|---|
| Swimming | 10.0 | 8.3 | 6.0 | |
| Cycling | 14.0 | 8.5 | 4.0 | |
| Yoga | 4.0 | 3.0 | 2.0 | |
| Weightlifting | 6.0 | 5.0 | 3.5 | |
| Plyometrics | 7.4 | 4.8 | 2.5 | |
| Tai Chi | 5.0 | 3.0 | 1.5 | |
| Squat | 7.0 | 5.0 | 2.5 | |
| Pull-Up | 7.5 | 6.0 | 4.8 |
In: Computer Science
Consider the following two projects: Project Year 0 C/F Year 1 C/F Year 2 C/F Year 3 C/F Year 4 C/F Year 5 C/F Year 6 C/F Year 7 C/F Discount Rate Alpha minus79 20 25 30 35 40 N/A N/A 16% Beta minus80 25 25 25 25 25 25 25 17% The net present value (NPV) for project beta is closest to:
In: Finance
Consider the following data:
Year 1 2 3 4 5 6 7 8 9 10 11
Demand 7 9 5 9 13 8 12 13 9 11 7
Starting in year 4 and going to year 12, forecast demand using a 3-year moving average.
(a): What is the predicted value for the next period (Year 12)?
(b): What is the MAD value for this forecast? Starting in year 4 and going to year 12, forecast demand using a 3-year weighted moving average with weights of .1, .3, and .6, using .6 for the most recent year. What is the predicted value for the next period (Year 12)?
(c): What is the predicted value for the next period (Year 12)?
(d): What is the MAD value for this forecast?
In: Economics
| Current Year | Prior Year | |||||
| Accounts payable, end of year | $ | 6,943 | $ | 10,888 | ||
| Accounts receivable, net, end of year | 24,625 | 17,328 | ||||
| Inventory, end of year | 9,244 | 8,575 | ||||
| Net sales | 184,000 | 137,000 | ||||
| Cost of goods sold | 94,000 | 120,000 | ||||
(1) Use the information above to compute the number of days in the
cash conversion cycle for each year.
(2) Did the company manage cash more effectively in the current
year?
In: Accounting