What lessons can we take from the failed Embargo Act as the threat of a trade war looms near?

What are the economic similarities between the problem of the destruction of the tropical rain forest, the near extinction of bison, and the problem of overfishing?

What are the benefits for a hospital to organize itself as a nonprofit? Do nonprofits make less money than for-profit hospitals? Do some quick research on the internet and see which major hospitals near you (or near a city you have lived in within the U.S.) are nonprofits. Can you find information on CEO compensation? Do they seem to make less than CEO's of for-profit hospitals? Does the hospital (or hospitals) you chose seem to be fulfilling its (or their) obligations to benefit the community? How do they do so?

A magnifying glass is a single convex lens with a focal length of f = +9.50 cm. (Assume the person using the magnifying glass has a near point of 25 cm and the magnifying glass is directly in front of the person's eyes.)

(a) What is the angular magnification when this lens forms a (virtual) image at ???


How far from the object should the lens be held?


(b) What is the angular magnification when this lens forms a (virtual) image at the person's near point?


How far from the object should the lens be held in this case?

Suppose that you decided to send a spacecraft to Neptune using a Hohmann transfer. The craft starts in a circular orbit close to the Earth (1 AU) and is to end up in a circular orbit near   Neptune (about 30 AU).   (a) How long would the transfer take?   (b) How could you shorten this time, without increasing the amount of fuel required?   (c) What change in velocity is needed to enter the transfer orbit?   (d)   What is the change in velocity needed to enter the circular orbit near Neptune?

29. The results of a research study indicate that children who spend more time on social media tend to have lower self-esteem. The correlation between these two variables (i.e.time spent on social media and self-esteem) is an example of ________________.

• A. correlation near zero.

• B. positive correlation

• C. negative correlation

31. The strongest possible, positive Person’s correlation between two variables is _______.

• A. r = 10.00

• B. r = 1.00

• C. r = 0.00

• D. r = -1.00

• E. r = -10.00

• F. Not enough information to answer the question

32.If a researcher measured a person’s shoe size and self-reported anxiety, what kind of correlation is most likely to be revealed between these two variables (i.e., what correlation would you expect to find between persons’ shoe size and anxiety)?

• A. A correlation near 1.00.

• B. A moderate negative correlation.

• C. A correlation near 0.00.

• D. A moderate positive correlation.

• E. A correlation near -1.00.

35. Suppose a researcher found that there is a significant correlation between intensity of physical exercise and alcohol drinking, r(100) = -0.40. Based on this finding, what percent (or proportion) of variability in alcohol drinking is accounted for by the intensity of physical exercise?

• A. 16% (or 0.16)

• B. 60% (or 0.60)

• C. 4% (or 0.04)

• D. -40% (or - 0.40)

• E. 40% (or 0.40)

• F. 84% (or 0.84)

Q1

[The following information applies to the questions displayed below.]

At year-end December 31, Chan Company estimates its bad debts as 0.40% of its annual credit sales of $759,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $380 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off.

Prepare Chan's journal entries to record the transactions of December 31, February 1, and June 5.

Q2

Liang Company began operations in Year 1. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows.

Year 1

1. Sold $1,351,400 of merchandise (that had cost $981,600) on credit, terms n/30.
2. Wrote off $20,400 of uncollectible accounts receivable.
3. Received $667,900 cash in payment of accounts receivable.
4. In adjusting the accounts on December 31, the company estimated that 1.10% of accounts receivable would be uncollectible.

Year 2

5. Sold $1,587,000 of merchandise (that had cost $1,251,700) on credit, terms n/30.
6. Wrote off $33,300 of uncollectible accounts receivable.
7. Received $1,374,300 cash in payment of accounts receivable.
8. In adjusting the accounts on December 31, the company estimated that 1.10% of accounts receivable would be uncollectible.

Required:
Prepare journal entries to record Liang’s Year 1 and Year 2 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system, and it applies the allowance method for its accounts receivable.) (Round your intermediate calculations to the nearest dollar.)

Prepare Chan's journal entries to record the transactions of December 31, February 1, and June 5.

Please and thank you! my last two problems in accounting!

With the given information below, how to find the interest cost in year 1,2 and 3?

An investment company is planning to invest by buying over an existing hotel.

Some information concerning their project:

• Land will be purchased for a value of 7.5 millions ;

• A building will be constructed for a total value of 42 millions, estimated value after 10 years : 12 millions ;

• Equipment will be purchased for a value of 12 millions and will be completely depreciated over a period of 8 years ,

• Other investments are estimated to be 4,5 millions and will be completely depreciated after 5 years. This investment includes the purchase of the basic inventories, opening costs, etc…

• Revenues of the first year (365 days in a year) of operations are estimated as follow :

o Rooms division : 198 rooms per day at 500 francs per night

o Restaurant : 260 covers per day at averagely 100 francs per cover

o Breakfast : 150 covers per day at 20 francs each

o Banquet and convention centre : 4 millions

• An annual increase of 2% is expected ;

• The F&B costs are forecasted at 35% of F&B revenue ;

• Salaries and wages, including social charges, are forecasted at 40% of the total revenues ;

• Other operating costs, excepted depreciation costs and interest costs, are forecasted to be 16,000,000, increasing by 2% per year ;

• The income tax rate is of 35%

• The investment expenses are as follow :

o Year -1 : 85%

o Opening : 15%

• This project is financed as follow : 65% by contracting a mortgage, 35% with owner’s capital stock

• The mortgage contracted determines a interest rate of 5% and a fixed reimbursement of 3,5 millions, 1st payment at the end of year 1

• A dividend of 5% will be distributed to the shareholders starting from year 1

Chapter 6 Homework

Problem 6A-8 High-Low Method; Predicting Cost [LO6-10]

Nova Company’s total overhead cost at various levels of activity are presented below:

Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 36,000 machine-hour level of activity is:

Nova Company’s management wants to break down the maintenance cost into its variable and fixed cost elements.

Required:

1. Estimate how much of the $215,460 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $215,460 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs.)

2. Using the high-low method, estimate a cost formula for maintenance in the form Y = a + bX.

3. Express the company’s total overhead cost in the form Y = a + bX.

4. What total overhead cost would you expect to be incurred at an activity level of 41,000 machine-hours?