Questions
One reform idea that is often floated in the US is the use of Medical Savings...

One reform idea that is often floated in the US is the use of Medical Savings Accounts (MSA’s) in conjunction with high-deductible insurance plans (sometimes called catastrophic coverage). Individuals could deposit pre-tax dollars into their MSA and use the money to pay for out-of-pocket medical expenses. If unused, the MSA money simply becomes savings for the individual. a. What is a high-deductible plan? b. What are the pros and cons of such a plan?

In: Operations Management

Identify the fallacies of insufficient evidence in the following arguments. If no fallacy is committed, write...

Identify the fallacies of insufficient evidence in the following arguments. If no fallacy is committed, write “no fallacy.

9. Either you support preferential treatment for disadvantaged minorities in university admissions, or you’re a racist. But surely, you’re not a racist. Therefore, you support preferential treatment for disadvantaged minorities in university admissions.

11. Students have asked that we extend residence hall visitation hours by one hour on Friday and Saturday nights. This request will have to be denied. If we give students an extra visitation hour on weekends, next they’ll be asking us to allow their boyfriends and girlfriends to stay over all night. Eventually, we’ll have students shacking up in every room.

13. A Saint Bernard is large, cuddly, furry, and makes a great house pet. A baby grizzly bear is also large, cuddly, and furry. Therefore, a baby grizzly bear would make a great house pet, too. 15. You’re not seriously thinking of voting for that bum, are you? Why don’t you wake up and smell the coffee?

In: Psychology

The SEC dropped the requirement that foreign private issuers who list in the U.S. have to...

The SEC dropped the requirement that foreign private issuers who list in the U.S. have to reconcile their earnings to US GAAP for FPIs that use IFRS as published by the SEC in English. What are some of the reasons the SEC took this step? Consider implications, including costs, for companies that report on multiple stock markets. Additionally, what are potential implications of this action for users of financial statements, such as US investors?

In: Finance

Chapter 6- Question # 2 e, f Researchers have collected data from a random sample of...

Chapter 6- Question # 2 e, f

Researchers have collected data from a random sample of six students on the number of hours spent studying for an exam and the grade received on the exam as given in Table 6.5.

Table 6.5

Observation

Grade

Number of Hours Studying

1

85

8

2

73

10

3

95

13

4

77

5

5

68

2

6

95

12

e) Find and interpret a 99% confidence interval for the predicted grade for an individual who spends 10 hours studying.

f) Find and interpret a 99% confidence interval for the mean grade of all individuals who spend 10 hours studying.

In: Statistics and Probability

PLEASE READ CAREFULLY, Conduct an internet search (google, Yahoo, Bing, etc.), to find a diversity plan...

PLEASE READ CAREFULLY,

Conduct an internet search (google, Yahoo, Bing, etc.), to find a diversity plan of a national (as opposed to local or regional) company.

After reading it, create a post that tells us who the company is, and share something specific about it that you found surprising or interesting.

At the end of your post, paste the url that we could follow if we wanted to see the plan ourselves. (When you are on the webpage that contains the plan, go to the address bar and right-click; that should allow you to copy the url and then paste it into your post.)

PLEASE MAKE IT YOUR OWN RESEARCH, PLEASE DO NOT RESUBMIT ANOTHER STUDENT WORK YOU DID BEFORE. THANK YOU IN ADVANCE.

In: Operations Management

Who really is to blame For the increase in obesity among US children? Under your current...

  1. Who really is to blame For the increase in obesity among US children?
  2. Under your current consumer protection laws, is fast food marketing aimed at children misleading?

In: Economics

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred...

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month.

April 1 Nozomi invested $42,000 cash and computer equipment worth $30,000 in the company.
2 The company rented furnished office space by paying $2,500 cash for the first month’s (April) rent.
3 The company purchased $1,100 of office supplies for cash.
10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
14 The company paid $1,000 cash for two weeks' salaries earned by employees.
24 The company collected $8,500 cash for commissions earned.
28 The company paid $1,000 cash for two weeks' salaries earned by employees.
29 The company paid $350 cash for minor repairs to the company's computer.
30 The company paid $950 cash for this month's telephone bill.
30 Nozomi withdrew $1,600 cash from the company for personal use.

The company's chart of accounts follows:

101 Cash 405 Commissions Earned
106 Accounts Receivable 612 Depreciation Expense—Computer Equip.
124 Office Supplies 622 Salaries Expense
128 Prepaid Insurance 637 Insurance Expense
167 Computer Equipment 640 Rent Expense
168 Accumulated Depreciation—Computer Equip. 650 Office Supplies Expense
209 Salaries Payable 684 Repairs Expense
301 J. Nozomi, Capital 688 Telephone Expense
302 J. Nozomi, Withdrawals 901 Income Summary

Use the following information:

  1. Prepaid insurance of $133 has expired this month.
  2. At the end of the month, $800 of office supplies are still available.
  3. This month’s depreciation on the computer equipment is $500.
  4. Employees earned $450 of unpaid and unrecorded salaries as of month-end.
  5. The company earned $2,150 of commissions that are not yet billed at month-end.

Required:
1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts.
3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30.
4. Journalize the adjusting entries for the month and prepare the adjusted trial balance.
5a. Prepare the income statement for the month of April 30.
5b. Prepare the statement of owner's equity for the month of April 30.
5c. Prepare the balance sheet at April 30.
6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b.
6b. Post the journal entries to the ledger.
7. Prepare a post-closing trial balance.

Complete this question by entering your answers in the tabs below.

  • Req 1 and 2
  • Req 3
  • Req 4 Adj Entries
  • Req 4 Adj Trial Bal
  • Req 5A
  • Req 5B
  • Req 5C
  • Req 6A
  • Req 6B GL
  • Req 7

Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30.

ADVENTURE TRAVEL
Unadjusted Trial Balance
April 30
Account Title Debit Credit
101: Cash
106: Accounts receivable
124: Office supplies
128: Prepaid insurance
167: Computer equipment
168: Accumulated depreciation—Computer equipment
209: Salaries payable
301: J. Nozomi, Capital
302: J. Nozomi, Withdrawals
405: Commissions earned
612: Depreciation expense—Computer equipment
622: Salaries expense
637: Insurance expense
640: Rent expense
650: Office supplies expense
684: Repairs expense
688: Telephone expense
Total $0 $0

ournalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.)

Journal entry worksheet

  • Prepaid insurance of $133 has expired this month.

Note: Enter debits before credits.

Transaction General Journal Debit Credit
a.
  • eq 4 Adj Trial Bal
  • Req 5A
  • Req 5B
  • Req 5C
  • Req 6A
  • Req 6B GL
  • Req 7

Using adjusted account balances from Requirement 6b, prepare an adjusted trial balance as of April 30.

ADVENTURE TRAVEL
Adjusted Trial Balance
April 30
Account Title Debit Credit
101: Cash
106: Accounts receivable
124: Office supplies
128: Prepaid insurance
167: Computer equipment
168: Accumulated depreciation—Computer equipment
209: Salaries payable
301: J. Nozomi, Capital
302: J. Nozomi, Withdrawals
405: Commissions earned
612: Depreciation expense—Computer equipment
622: Salaries expense
637: Insurance expense
640: Rent expense
650: Office supplies expense
684: Repairs expense
688: Telephone expense
Total $0 $0

In: Accounting

1. Reference any of the current WHO or CDC Infectious Disease Fact Sheets to identify an...

1. Reference any of the current WHO or CDC Infectious Disease Fact Sheets to identify an infectious disease with US prevalence.
2. Construct an original fact sheet that overviews your selected infectious disease topic that utilizes reader-friendly language in consideration of the overall level of health literacy among the general US population.
3. Reference the general layout and simplistic format of the current WHO or CDC Infectious Disease Fact Sheet to construct a patient-friendly, summative version of a fact sheet to overview your selected infectious disease topic.
4. State at least 10 facts about the selected infectious disease

In: Nursing

For Karl Marx, what we do is who we are. However, under advanced capitalism that is...

For Karl Marx, what we do is who we are. However, under advanced capitalism that is only true of a very few of us. According to Marx, under capitalism, work has become something that you do, not who you are. Capitalism has thus robbed us of ourselves.

How does the film Happiness by Steven Cutts reflects Karl Marx's discussion of alienation and how does it relate to you own life? How can we use Karl Marx's ideas about alienation and inequality to make sense of our own lives and to come up with alternative visions of how we could live instead?

In: Psychology

Each year, ratings are compiled concerning the performance of new cars during the firs 90 days...

Each year, ratings are compiled concerning the performance of new cars during the firs 90 days of use. Suppose that the cars have been categorized according to whether the card needs warranty- related repair( yes or no) and the country in which the company manufacturing the car is based ( united states or not united states)Based on the data collected, the probability that the new car needs a warranty repair is 0.04, the probability that the car is manufactured by a US – based company is 0.60, and the probability that the new car needs a warranty repair and was manufactured by a US- based company is 0.025. Construct a contingency table or a Venn diagram to evaluate the probabilities of a warranty- related repair. What is the probability that a new car selected at random

a. Needs a warranty- related repair?

b. Needs a warranty repair and is manufactured by a company based in the united states?

c. Needs a warranty repair or was manufactured by a US- based company?

d. Needs a warranty repair or was no manufactured by US- based company?

In: Statistics and Probability