The following transactions relate to the General Fund of the
City of Buffalo Falls for the year ended December 31,
2020:
Required:
a. Prepare journal entries for the above
transactions.
b. Prepare a Statement of Revenues, Expenditures,
and Changes in Fund Balance for the General Fund.
c. Prepare a Balance Sheet for the General Fund
assuming there are no restricted or assigned net resources and
outstanding encumbrances are committed by contractual
obligation.
In: Accounting
Is my writing for this email correct?
I mean academy and grammar. (you can edit and add any sentence)
Dear Prof. Joseph,
I hope you are doing well.
As you know that the circumstances of the Corona pandemic caused the borders to close and the suspension of international flights, which led to my delay in coming to my mission headquarters in Britain, in addition to that the University of Manchester has been largely closed to students since March 2020. I need a letter from you indicating that I am in constant contact with you during The Coronavirus pandemic with regard to research topics and that we have started albeit in a small way, to develop initial plans for a PhD research project because I am facing an obstacle and questions why I have not started the PhD program yet and this will really help me clarify that, in addition to speeding up the procedures for opening a new scholarship file by my sponsor and then Final financial guarantee application and submit it to the university.
I hope you will understand my situation and help me with that.
Best regards
Lama
In: Economics
The following transactions relate to the General Fund of the
City of Buffalo Falls for the year ended December 31,
2020:
Required:
a. Prepare journal entries for the above
transactions.
b. Prepare a Statement of Revenues, Expenditures,
and Changes in Fund Balance for the General Fund.
c. Prepare a Balance Sheet for the General Fund
assuming there are no restricted or assigned net resources and
outstanding encumbrances are committed by contractual
obligation.
In: Accounting
Type or paste question hereiole Ltd., a private company
reporting under ASPE, reported the following for the years ended
May 31, 2021, and 2020.
| ORIOLE LTD. Balance Sheet May 31 |
||||||
| Assets | 2021 | 2020 | ||||
| Cash | $20,600 | $43,000 | ||||
| Accounts receivable | 83,400 | 75,000 | ||||
| Inventory | 169,000 | 156,000 | ||||
| Prepaid expenses | 4,400 | 5,900 | ||||
| Land | 117,000 | 72,000 | ||||
| Equipment | 304,000 | 184,000 | ||||
| Accumulated depreciation | (62,200 | ) | (36,000 | ) | ||
| Total assets | $636,200 | $499,900 | ||||
| Liabilities and Shareholders’ Equity | ||||||
| Accounts payable | $40,600 | $36,000 | ||||
| Dividends payable | 5,900 | 4,400 | ||||
| Income taxes payable | 1,600 | 5,400 | ||||
| Mortgage payable | 116,000 | 76,000 | ||||
| Common shares | 211,000 | 162,000 | ||||
| Retained earnings | 261,100 | 216,100 | ||||
| Total liabilities and shareholders’ equity | $636,200 | $499,900 | ||||
| Additional Information: | ||
| 1. | Profit for 2021 was $104,000. | |
| 2. | Common shares were issued for $49,000. | |
| 3. | Land with a cost of $49,000 was sold at a loss of $18,400. | |
| 4. | Purchased land with a cost of $94,000 with a $54,000 down payment and financed the remainder with a mortgage note payable. | |
| 5. | No equipment was sold during 2021. | |
Prepare a cash flow statement for the year using the indirect
method
In: Accounting
Carla Vista Ltd., a private company reporting under ASPE,
reported the following for the years ended May 31, 2021, and
2020.
| CARLA VISTA LTD. Balance Sheet May 31 |
||||||
| Assets | 2021 | 2020 | ||||
| Cash | $25,100 | $46,750 | ||||
| Accounts receivable | 88,650 | 78,750 | ||||
| Inventory | 184,000 | 159,750 | ||||
| Prepaid expenses | 5,900 | 7,400 | ||||
| Land | 135,750 | 79,500 | ||||
| Equipment | 319,000 | 199,000 | ||||
| Accumulated depreciation | (77,200 | ) | (39,750 | ) | ||
| Total assets | $681,200 | $531,400 | ||||
| Liabilities and Shareholders’ Equity | ||||||
| Accounts payable | $42,850 | $39,750 | ||||
| Dividends payable | 7,400 | 5,900 | ||||
| Income taxes payable | 3,100 | 6,900 | ||||
| Mortgage payable | 131,000 | 79,750 | ||||
| Common shares | 218,500 | 165,750 | ||||
| Retained earnings | 278,350 | 233,350 | ||||
| Total liabilities and shareholders’ equity | $681,200 | $531,400 | ||||
| Additional Information: | ||
| 1. | Profit for 2021 was $107,750. | |
| 2. | Common shares were issued for $52,750. | |
| 3. | Land with a cost of $52,750 was sold at a loss of $19,900. | |
| 4. | Purchased land with a cost of $109,000 with a $57,750 down payment and financed the remainder with a mortgage note payable. | |
| 5. | No equipment was sold during 2021. | |
Prepare a cash flow statement for the year using the indirect
method
In: Accounting
Thoughts and feedback on this?
If there were no hop limits put on packets, the packet
could get stuck in an infinite loop and slow down the network. It
could also cause the packet to lose data. According to Ms. Taylor
from Stanford, It typically takes 10-20 hops in order to reach a
destination.
I’m struggling to find a reason why a series of
routers on a network wouldn’t surge the hop count past 255. From
viewing Tirek’s response, it seems that there should be a routing
algorithm to get the packet to it’s destination efficiently in a
few hops. Looking at Luke’s post, He says that a hop wouldn’t count
until it leaves the network. Looking at an article from techtarget,
Routing Information Protocol or RIP would use a distance vector
algorithm in order to use the most efficient route available to the
destination. But it still sounds like it's possible to exceed the
hop limit if there is a remote router on a large network.
References
What is Routing Information Protocol (RIP) and
How Does It Work?. (2020). Retrieved 19 March 2020,
from https://searchnetworking.techtarget.com/definition/Routing-Information-Protocol
https://web.stanford.edu/class/cs101/network-3-internet.html
In: Computer Science
In: Economics
In: Accounting
Can you please solve this problem. The correct answer that should be found is below. Thank You
Early in 2015, Logan Corporation engaged Reese, Inc. to design and construct a complete modernization of Logan's manufacturing facility. Construction was begun on January 1, 2015 and was completed on December 31, 2015. Logan made the following payments to Reese, Inc. during 2015:
|
Date |
Payment |
|
June 1, 2015 |
$2,400,000 |
|
August 31, 2015 |
3,600,000 |
|
December 31, 2015 |
3,000,000 |
In order to help finance the construction, Logan issued $2,000,000 of 10-year, 9% bonds payable, issued at par on January 2, 2015, with interest payable annually on December 31.
In addition to the 9% bonds payable, the only debt outstanding during 2015 was a $500,000, 12% note payable dated January 1, 2010 and due January 1, 2020, with interest payable annually on January 1 and a $1,000,000, 10% bond payable dated July 1, 2011 due June 30, 2021 with interest paid annually.
Compute the interest to be capitalized in 2015. Logan uses the specific interest method. Show computations. The correct answer should be $244,200
In: Accounting
Bina Memories
Bina Memories is a small family photography business. The business has a good reputation for high-quality photos and enjoys long-standing arrangements with many schools for the provision of school photos. Bina Memories has traditionally used a small accounting package to manage its operations, with Make Your Business Profitable ‘MYBP’ being the package currently in use. Recently, however, a few of the staff in the administration team have complained that MYBP has become slow in processing transactions. The computer that runs the program is also fast approaching its capacity, having not been updated for several years and now also handling some of the business’s digital image requirements.
As a result of the strained system, Bina Memories is considering the possibility of an upgrade. However, it is concerned that should it go ahead with an upgrade, it would have to employ a programmer to develop its new system, as well as a full-time IT specialist to keep the system running. It is also unsure of what needs to be done in managing the systems development process.
One of the things particularly troubling Mr. Cotton, the part-owner of Bina Memories, is the possibility of investing capital now and having to do it again in a couple of years’ time as technology changes. However, he does not mind spending a large sum now if the system is a long term answer, since as Cotton himself said, ‘Once the system is acquired then the business can get back to normal and do what it does best – take photos – without having to spend money on IT.’
In light of the details you have about Encosta Memories, prepare for a discussion in relation to the following questions:
(a) How correct is Cotton’s statement
that: ‘Once the system is acquired then the business can get back
to normal and do what it does best — take photos — without having
to spend money on IT’? Explain your reasoning.
In: Accounting