Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at the end of the fiscal year under a perpetual inventory system. In the dropdowns select "Yes" if an account should be closed, and "No" if it should not be closed. a. Accounts Payable b. Advertising Expense c. Cost of Merchandise Sold d. Dividends e. Merchandise Inventory f. Sales g. Sales Discounts h. Sales Returns and Allowances i. Supplies j. Supplies Expense k. Wages Payable
In: Accounting
Consider a closed-loop system with unity feedback. For each G(s) hand sketch the Nyquist plot. Determine Z = P + N, algebraically find the closed-loop pole location, and show that the closed-loop pole location is consistent with the Nyquist plot calculation. K = 2.
a) KG(s) = 2(s-1)
b) KG(s) = 2(s+1)
c)KG(s) = 2/(s+1)
d) KG(s) = 2/(s-1)
In: Electrical Engineering
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In: Accounting
Major Communications Ltd., a publicly traded company that specializes in data capture, has been in operation for several years. On October 1, 2019, it had 10 million common shares authorized and 1,570,000 shares issued at an average value of $27 per share. As well, there were 1 million preferred shares authorized, with 220,000 of them issued at $14 per share. During the fiscal year ended September 30, 2020, the company generated net income after taxes of $25,380,000 and other comprehensive loss of $4,550,000. On October 1, 2019, the balance in Retained Earnings was $19,760,000 and the balance in Accumulated Other Comprehensive Income was $940,000. The preferred shares pay an annual dividend of $1.30. During the fiscal year 2020, the following transactions affected shareholders’ equity:
1. On November 1, 2019, 390,000 new common shares were issued at $29 per share.
2. On March 15, 2020, a 5% common stock dividend on the outstanding shares was declared and distributed when the market price was $42 per share.
3. On September 1, 2020, a dividend of $5.35 per common share was declared. The date of record was September 15, 2020, with the date of payment being October 5, 2020.
4. The preferred dividend for the year was declared and paid.
Prepare the statement of changes in shareholders’ equity as at September 30, 2020. (If an amount reduces the account balance then enter with negative sign, e.g. -15,000 or in parenthesis, e.g. (15,000).)
Prepare the shareholders’ equity section of the statement of financial position as at September 30, 2020. (Enter negative answers using either a negative sign preceding the number e.g. -5,125 or parentheses e.g. (5,125).)
In: Accounting
Acme Materials Company manufactures and sells synthetic coatings that can withstand high temperatures. Its primary customers are aviation manufacturers and maintenance companies. The following table contains financial information pertaining to cost of quality (COQ) in 2019 and 2020 (in thousands of dollars):
| 2019 | 2020 | ||||||
| Sales | $ | 16,500 | $ | 20,500 | |||
| Materials inspection | 350 | 65 | |||||
| In-process (production) inspection | 165 | 130 | |||||
| Finished product inspection | 300 | 75 | |||||
| Preventive equipment maintenance | 25 | 65 | |||||
| Scrap (net) | 550 | 350 | |||||
| Warranty repairs | 750 | 500 | |||||
| Product design engineering | 155 | 320 | |||||
| Vendor certification | 15 | 65 | |||||
| Direct costs of returned goods | 325 | 85 | |||||
| Training of factory workers | 45 | 145 | |||||
| Product testing—equipment maintenance | 65 | 65 | |||||
| Product testing labor | 260 | 95 | |||||
| Field repairs | 75 | 45 | |||||
| Rework before shipment | 290 | 205 | |||||
| Product-liability settlement | 410 | 65 | |||||
| Emergency repair and maintenance | 250 | 80 | |||||
QUESTIONS:
1. Classify the cost items in the table into cost-of-quality (COQ) categories. Calculate the ratio of each COQ category to revenues in each of the 2 years.
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2. Calculate the percentage change in each COQ category and total COQ and comment on the results:
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In: Accounting
A company has collected its sales data of a certain product for 10 days before and after an ad campaign was run. The sales numbers (in thousands) before and after the ad campaign are as follows: before [79, 65, 62, 61, 67, 73, 56, 74, 83, 69], after [65, 76, 75, 44, 71, 66, 57, 68, 78, 74]. The researchers do NOT believe that the underlying distributions are normal, and want to take the magnitude of the difference into account. Apply a suitable statistical test to see whether the campaign was useful. What are the correct test value and decision at a confidence level of 95%?
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10.5, Not useful |
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33.5, Not useful |
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21.5, Useful |
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33.5, Useful |
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10.5, Useful |
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21.5, Not useful |
In: Statistics and Probability
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Ratio |
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pafter/pbefore |
|
0.89808 |
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0.94833 |
|
0.88944 |
above is inelastic collision data--> it is the ratio of the total momentum of a system after an inelastic collision to the total momentum of a system before the inelastic collision.
How does the total momentum of the system after the collision compare to that before the collision? Is the agreement in these inelastic collisions as good as that in the elastic collisions? Try to account for any differences.
for the elastic data, the ratio of the momentum for after and before the collision is:
|
0.68463 |
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0.67813 |
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0.62543 |
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0.60111 |
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0.49616 |
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0.53989 |
with each box representing each trial out of 6 trials.
Why is the elastic collision momentum ratio less close to 1 than the inelastic collision momentum ratios? wouldn't the elastic collision ratios be closer to 1 than inelastic?
In: Physics
A) A buffer solution contains 0.484 M
KHCO3 and
0.314 M
K2CO3.
Determine the pH change when
0.126 mol NaOH is added to
1.00 L of the buffer.
pH after addition − pH before addition = pH change
=
B) A buffer solution contains 0.335 M
NH4Br and
0.313 M NH3
(ammonia). Determine the pH
change when 0.072 mol
KOH is added to 1.00 L of the
buffer.
pH after addition − pH before addition = pH change
=
C) Determine the pH change when
0.086 mol HI is added to
1.00 L of a buffer solution that is
0.442 M in CH3COOH and
0.368 M in
CH3COO-.
pH after addition − pH before addition = pH change
=
In: Chemistry
One of the terms of the grant is that the sale of the plant before 31 March 2020 would trigger a repayment on a sliding scale as follows:
Sale in the year ended: Amount of repayment
|
31 March 2017 |
100% |
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31 March 2018 |
75% |
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31 March 2019 |
50% |
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31 March 2020 |
25% |
Accordingly, the directors propose to credit to the statement of profit or loss GH¢2 million (GH¢8 million x 25%) being the amount of the grant they believe has been earned in the year to 31 March 2017.Gidimadjor Ltd accounts for government grants as a separate item of deferred credit in its statement of financial position. Gidimadjor Ltd has no intention of selling the plant before the end of its economic life.
Required:
Advise, and quantify where possible, how the above items should be treated in Gidimadjor LtD’s financial statements for the year ended 31 March 2017.
In: Accounting
What did economic data tell us about the health of the economy on February 1, 2020 before the advent of the COVID-19 pandemic. Assess the health of the U.S. economy on February 1 by evaluating the key economic indicators that we have looked at in this course. How close was the overall economy to potential GDP and the natural rate of unemployment? Was the economy experiencing an inflationary or recessionary gap? The relevant economics statistics that you should discuss include the growth rate of real GDP, the unemployment rate, and the inflation rate at a minimum. You are encouraged to discuss and evaluate other economic indicators such as stock market indices that could add to a more complete picture of the state of the economy as of the beginning of our course. of February 1, 2020 (before the rapid spread of the Coronavirus) Was the United States economy’s Short Run Aggregate Supply Curve? Explain your answer carefully using As economy operating in the Keynesian, intermediate, or neoclassical portion of the the data and information that you have gathered regarding real GDP, unemployment, the GDP deflator, and inflation in the previous discussions. You should discuss the concepts of potential GDP and the natural rate of unemployment to receive full credit
In: Economics