In north America, the average height of adult humans has been increasing steadily for decades. In directional selection occurring?

What data would justify your answer?

What is the actual difference between neoclassical and classical economics? Which one is used today in America? Which one is better? What critiques and issues are unique to each.

Are class diffrences are clearly defined in america, if Yes does this have an impact on consumer behave and how does aspirational consumer spending affcet our overall economy?

Using the postulate of self interest, describe why the English colonies in North America evolved toward inclusivity whereas the Spanish colonies tended to develop in an extractive manner.

Compare and contrast three areas where leadership is displayed by Tony Stark (Iron Man) and Steve Rogers (Captain America) and how their behavior explains their leadership styles

do you see bureaucracy in America today as efficient or inefficient? Why? What do you think the government can do to improve public service delivery

What might the presidency look like in 50 years. Will america needs to rethink the presidency.? Explain your answer in minimum two paragraphs (8 sentences each).

Write a python or java code which can calculate the Shapely-Shubik and Banzhaf indices to determine which state in America has the most power in the primary election.

Exercise 8-17 Cash Flows; Budgeted Income Statement and Balance Sheet [LO8-2, LO8-3, LO8-4, LO8-9, LO8-10]

Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below:

The company is in the process of preparing a budget for October and has assembled the following data:

1. Sales are budgeted at $240,000 for October and $250,000 for November. Of these sales, 35% will be for cash; the remainder will be credit sales. Forty percent of a month’s credit sales are collected in the month the sales are made, and the remaining 60% is collected in the following month. All of the September 30 accounts receivable will be collected in October.

2. The budgeted cost of goods sold is always 45% of sales and the ending merchandise inventory is always 30% of the following month’s cost of goods sold.

3. All merchandise purchases are on account. Thirty percent of all purchases are paid for in the month of purchase and 70% are paid for in the following month. All of the September 30 accounts payable to suppliers will be paid during October.

4. Selling and administrative expenses for October are budgeted at $78,000, exclusive of depreciation. These expenses will be paid in cash. Depreciation is budgeted at $2,000 for the month.

Required:

1. Using the information provided, calculate or prepare the following:

a. The budgeted cash collections for October.

b. The budgeted merchandise purchases for October.

c. The budgeted cash disbursements for merchandise purchases for October.

d. The budgeted net operating income for October.

e. A budgeted balance sheet at October 31.

2. Assume the following changes to the underlying budgeting assumptions:

(1) 50% of a month’s credit sales are collected in the month the sales are made and the remaining 50% is collected in the following month, (2) the ending merchandise inventory is always 10% of the following month’s cost of goods sold, and (3) 20% of all purchases are paid for in the month of purchase and 80% are paid for in the following month. Using these new assumptions, calculate or prepare the following:

a. The budgeted cash collections for October.

b. The budgeted merchandise purchases for October.

c. The budgeted cash disbursements for merchandise purchases for October.

d. Net operating income for the month of October.

e. A budgeted balance sheet at October 31.

The bookkeeper for the Business Students’ Society (BSS) has asked you to prepare a bank reconciliation as of December 31st. The December 31st bank statement and the December T-account for cash (summarized) below.

BSS’s bank reconciliation at the end of November showed a cash balance of $18,800. No deposits were in transit at the end of November, but a deposit was in transit at the end of December.

Business Students’ Society (BSS) had the following transactions during the month of October:

On October 1, BSS placed an order for 100 golf shirts at a unit cost of $20, under terms 2/10, n/30.

The order was received on October 10, but 20 golf shirts had been damaged in shipment.

On October 11, the damaged golf shirts were returned.

On October 12, BSS complained that the remaining golf shirts were slightly defective so the supplier granted a $100 allowance.

BSS paid for the golf shirts on October 13.

During the first week of October, BSS received student and faculty orders for 80 golf shirts, at a unit price of $37.50, on terms 2/10, n/30.

The golf shirts were delivered to these customers on October 18. Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or gave an allowance of $12.50 per shirt.

On October 21, one-half of the golf shirts were returned by customers to BSS.

On October 22, the remaining 40 customers were granted the allowance on account.

The customers paid their remaining balances during the week of October 25.

Required:

Prepare journal entries for the transactions described above, using the date of each transaction as its reference. Assume BSS uses perpetual inventory accounts. If you complete this problem in Connect, these journal entries will be summarized for you in T-accounts and a trial balance.

Report the financial effects of the above transactions in a multistep income statement for the month ended October 31 prepared for internal use. Assume operating expenses, other than cost of goods sold, are $100 and income tax expense is $45.

Determine the percentage of net sales that is available to cover operating expenses other than cost of goods sold. By what name is this percentage commonly known?

As of October 31, the check dated October 13 had not cleared the bank. How should BSS report this on its October bank reconciliation? Give the journal entry, if any, needed as a result of including this item in the bank reconciliation.