Questions
Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be...

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...

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

Harrison Company has a July 31 fiscal year end and uses a perpetual inventory system. The...

Harrison Company has a July 31 fiscal year end and uses a perpetual inventory system. The records of Harrison Company show the following data:
2021 2020 2019
Income statement:
    Sales $350,000 $330,000 $310,000
    Cost of goods sold 245,000 235,000 225,000
    Operating expenses 76,000 76,000 76,000
Balance sheet:
    Merchandise inventory 55,000 45,000 35,000

After its July 31, 2021, year end, Harrison discovered two errors:
1. At July 31, 2020, Harrison had $10,000 of goods held on consignment at another company that were not included in the physical count.
2. In July 2020, Harrison recorded a $15,000 inventory purchase on account that should have been recorded in August 2020.
Your answer is partially correct. Try again.

Prepare corrected income statements for Harrison for the years ended July 31, 2019, 2020, and 2021.

HARRISON COMPANY
Income Statement
Year Ended July 31
2021 2020 2019

InvestmentsOperating ExpensesProfit / (Loss)Merchandise InventorySalesCost of Goods SoldGross Profit

$ $ $

Profit / (Loss)Cost of Goods SoldMerchandise InventoryGross ProfitInvestmentsOperating ExpensesSales

Cost of Goods SoldGross ProfitOperating ExpensesProfit / (Loss)Merchandise InventoryInvestmentsSales

Cost of Goods SoldMerchandise InventoryGross ProfitOperating ExpensesProfit / (Loss)InvestmentsSales

InvestmentsGross ProfitOperating ExpensesSalesProfit / (Loss)Cost of Goods SoldMerchandise Inventory

$ $ $
Your answer is partially correct. Try again.

Calculate the incorrect and correct inventory turnover ratios for 2020 and 2021. (Round answers to 2 decimal places, e.g. 52.75.)

2020 2021
Incorrect inventory turnover times times
Correct inventory turnover times times

In: Accounting

Major Communications Ltd., a publicly traded company that specializes in data capture, has been in operation...

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...

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.

2019 2020
Amount % of Sales Amount % of Sales

Cost of quality:

Prevention costs:

Total prevention costs

$0 % $0 %

Appraisal costs:

Total appraisal costs $0 % $0 %

Internal failure costs:

Total internal failure costs $0 % $0 %

External failure costs:

Total external failure costs $0 % $0 %
Total cost of quality (COQ) $0 % $0 %

2. Calculate the percentage change in each COQ category and total COQ and comment on the results:

3a. Percentage change in total COQ as a percentage of sales, from 2019 to 2020 % increase/decrease
3b. Total COQ in 2020 expressed as a percentage of 2019 sales dollars %
3c. Percentage change in total prevention costs, 2019 to 2020 ____ %
3d. Percentage change in total appraisal costs, 2019 to 2020 %
3e. Percentage change in total internal failure costs, 2019 to 2020 %
3f. Percentage change in total external failure costs, 2019 to 2020 %

In: Accounting

A company has collected its sales data of a certain product for 10 days before and...

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%?

10.5, Not useful

33.5, Not useful

21.5, Useful

33.5, Useful

10.5, Useful

21.5, Not useful

In: Statistics and Probability

Ratio pafter/pbefore 0.89808 0.94833 0.88944 above is inelastic collision data--> it is the ratio of the...

Ratio

pafter/pbefore

0.89808

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

0.67813

0.62543

0.60111

0.49616

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...

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

On 1 April 2016, Gidimadjor Ltd received a government grant of GH¢8 million towards the purchase...

  1. On 1 April 2016, Gidimadjor Ltd received a government grant of GH¢8 million towards the purchase of new plant with a gross cost of GH¢64 million. The plant has an estimated life of 10 years and is depreciated on a straight-line basis.

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%

31 March 2018

75%

31 March 2019

50%

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...

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