The following data are for Trendy Fashion Apparel:
| North | South | |
| Sales volume (units): | ||
| Blouses | 5,070 | 4,042 |
| Skirts | 3,082 | 7,509 |
| Sales price per unit: | ||
| Blouses | $21 | $17 |
| Skirts | $16 | $17 |
| Variable cost per unit | ||
| Blouses | $6 | $6 |
| Skirts | $12 | $12 |
Determine the contribution margin for the following:
| a. Skirts | $ |
| b. The South Region | $ |
In: Accounting
The following data are for Trendy Fashion Apparel: North South Sales volume (units): Blouses 5,000 5,000 Skirts 4,000 8,000 Sales price per unit: Blouses $20.00 $22.00 Skirts $18.00 $20.00 Variable cost per unit Blouses $7.00 $9.00 Skirts $9.00 $11.00 Determine the contribution margin for the following:
a. Skirts $
b. The South Region $
In: Accounting
The use of animals in research is controversial. Investigate this controversy using at least five resources from the South University Online Library. Do you think it is ethical to use animals in research? Explain your reasoning and support your answer with at least three sources from the South University Online Library (these sources must be different from the ones you already used in this assignment).
In: Psychology
A bee is flying down South with a velocity of 10 m/s, the wind is blowing toward the bee at a constant velocity of 3 m/s in the direction of the North-West. How far does the bee travel after 10 sec and at what direction? At what velocity should the bee fly in order to keep itself moving straight toward the South at 5 m/s?
In: Physics
Logically arrange the essential concepts about files, mass storage, and I/O into a hierarchy of nodes that branch from the main idea. Include cross-links where necessary to show relationships in different sections of the concept map. Use connecting nodes to accurately describe each relationship between topics that connect. Section 4 must have at least three nodes and at least four connecting nodes.
In: Computer Science
You will need to provide screenshots of each number and each task. Example: Number 8 in VM One should have 20 screenshots, one for each command. Once completed merge all shots into a Word document and upload to the appropriate drobox.
VM One
VM Two
VM Three
In: Computer Science
Randy, a student, has $322 to deposit in a new checking account, but Randy knows he will not be able to maintain a minimum balance. He will not use an ATM card, but will write a large number of checks. Randy is trying to choose between the unlimited check writing offered by South Trust and the low per-check fee offered by Sun Coast. How many checks would Randy have to write each month for the account at South Trust to be the better option? For the account at South Trust Bank to be the better option, the number of checks Randy would need to write each month is
South Trust Bank | Sun Coast Bank | ||
ATM charges: | |||
Home bank | Free | Free | |
Other bank | $1.49 per use | $1.49 per use | |
Checking: | |||
Minimum deposit | $1 | $1 | |
Minimum balance required to avoid fees* | $500 | N/A | |
Monthly fees | $6.00 | $3.00 | |
Check-writing charges | Unlimited | Each check 25 cents | |
* N/A means monthly fees apply irrespective of account balances. | |||
In: Finance
Next, let’s suppose a rancher wants to fence off a rectangular shaped enclosure that has two identical sections. You can think of this as a rectangle with an additional fence dividing the rectangle in half. For the sake of this question, he wants that additional fence running North-South (up-down). He still has 2400 feet of fencing that he can use. What are the dimensions that gives the enclosure the most area?
(a) Use the sketch of the pen below for this question. Appropriately label the relevant information in the sketch. Remember, East-West is right-left, North-South is up-down.
(b) Based on the sketch above, what equation is being maximized?
(c) Based on the sketch above, what equation represents the given constraint?
(d) Find the dimensions of the enclosure that gives the largest area.
(e) How much fence is used on the East-West sides? How much fence is used on the North-South sides? What is the ration of the amount of fence used on the East-West sides to the amount of fence used on the North-South sides?
In: Math
what is the impact of early voting in US politics? how does early voting affect voter turnout
In: Operations Management
Part 1: Accounts Receivables and Allowance Method
Orion Co. is a large wholesaler of blankets. At the end of 2017, the company’s controller estimates 5% of the $850,000 in Accounts Receivable will be uncollectible.
Write the journal entry to record Bad Debt Expense for the period if the Allowance for Doubtful Accounts has a credit balance of $10,200 before this adjusting entry is posted:
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12/31/17 |
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How does the posting of this journal entry affect the accounting equation?
What is the Net Realizable Value of Accounts Receivable reported in Orion Co.’s balance sheet as of Dec. 31, 2017?
(Continuation of question 1). Assume that during 2017, a total of $14,900 Accounts Receivable has to be written off due to customers’ inability to pay what they owe Orion Co.
What journal entry would be used to record this write-off of $14,900?
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12/31/17 |
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How does the posting of this journal entry affect the accounting equation?
What is the Allowance for Doubtful Accounts balance after this write off? (Your answer should indicate the amount and whether it is a Debit or Credit balance. Hint: Use a T-account to determine your answer.)
Orion Co. assumes that at the end of 2018, 5% of its new $900,000 Accounts Receivable balance will be uncollectible. Using the Allowance for Doubtful Accounts balance from above (question 2) c.) determine the Bad Debt Expense that would be recorded at the end of 2018 and enter the journal entry below:
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12/31/2018 |
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New scenario: Assume that on January 23, 2018 Capricornus Co. wrote off $500 due from Ursa Minor Co. due to Ursa Minor Co.’s inability to pay what they owed. What journal entry would Capricornus Co. record for this write off assuming Capricornus Co uses the allowance method?
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01/23/2018 |
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(Continuation of question 3). Now assume that on February 10, 2018 Ursa Minor Co. pays the amount previously written off by Capricornus Co. What two journal entries must Capricornus Co. record related to this collection of a previously written off Accounts Receivable?
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02/10/2018 |
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02/10/2018 |
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Part 2: Notes Receivable
On August 1, 2017, Aquila Inc. lends $64,000 to Big Dipper Co. for 6 months. What journal entry does Aquila Inc. record for this transaction?
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08/01/2017 |
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(Continuation of question 5). The Note Receivable is established with a 3% annual interest rate, and the terms of the note states that the principal and interest will be due and paid on February 1, 2018. What adjusting journal entry is needed to accrue interest revenue earned for 2017 before Big Dipper Co. prepares financial statements on December 31, 2017?
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12/31/2017 |
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(Continuation of question 5 & 6). On February 1, 2018, Big Dipper Co. pays all principal and interest owed to Aquila Inc. Write the journal entry (from the viewpoint of Aquila Co.) to record the collection.
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02/01/2018 |
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Part 3: PP&E Transactions
Lyra Inc. buys equipment on October 1, 2017 for $150,000 cash. They estimate the equipment will have a salvage value of $25,000 and a useful life of 10 years.
a. Write the journal entry to record depreciation for 2017.
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12/31/17 |
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Record the journal entry to record depreciation expense for the second year.
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12/31/18 |
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What is the book value of this equipment on the December 31, 2018 Balance Sheet?
Puppis Industries purchased equipment on July 1, 2017 for $140,000. The equipment is estimated to have a $15,000 salvage value at the end of its 5-year life. The company uses straight-line method of depreciation. What is the balance in accumulated depreciation at 12/31/20?
On March 1, 2017, Crux Industries sells machinery for $55,000. The machinery originally cost $123,000 and had an estimated 8-year life with an expected salvage value of $21,000. The Accumulated Depreciation account had a balance of $85,876 on December 31, 2016.
What is the gain or loss on the date of the sale? (Hint: Don’t
forget to update depreciation through the date of sale
first!)
What is the journal entry to record this sale?
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3/1 |
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In: Accounting