Deep River College is a two-year school in Southern California. Twice a year, the fundraising office at Deep River mails requests for donations to the alumni. The staff uses a word processing program and a personal information database to create personalized letters. Data on past contributions and other alumni information, however, is stored manually. The dean, Alexandra Ali, recently submitted a systems request asking the college’s IT department to develop a computerized alumni information system. The school does not have a formal systems review committee, and each department has an individual budget for information services. Eddie Bateman, a systems analyst, performed a preliminary investigation and he concluded that the system met all the feasibility tests. After reading his report, Alexandra asked him to proceed with the systems analysis phase.
(1) Design a questionnaire to learn how the current process works and what the information requirements for the new information system would be. Your questionnaire should include the three types of questions discussed in the textbook.
It should contain:
six closed-ended questions, five opinion questions, and one question requesting an explanation of a procedure or problem.
[Hint: use the one question to explain the procedure, and close-ended questions to learn the information requirements]
In: Computer Science
Assume the year end for Oblix Company is December 31. Selected transactions of fiscal year 2018 for Oblix Company are presented below. All accounts are in normal balance:
|
Days Outstanding |
Outstanding Amount |
% Estimated to be Uncollectible |
|
Within 60 days |
$6,000 |
1% |
|
Within 90 days |
$2,000 |
4% |
|
> 90 days |
$1,240 |
10% |
Required:
I'd like to know how to solve 3 questions.
In: Accounting
Each year about 1500 students take the introductory statistics course at a large university. This year scores on the final exam are distributed with a median of 74 points, a mean of 70 points, and a standard deviation of 10 points. There are no students who scored above 100 (the maximum score attainable on the final) but a few students scored below 20 points. a.Is the distribution of scores on this final exam symmetric, right skewed, or left skewed? b.Would you expect most students to have scored above or below 70 points? c.What is the probability that the average score for a random sample of 40 students is above 75? (please round to four decimal places) Additionally, can this question be answered using excel or statcrunch?
In: Statistics and Probability
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:
| 2016 | ||
| July | 1 | Issued $39,500,000 of 20-year, 7% callable bonds dated July 1, 2016, at a market (effective) rate of 8%, receiving cash of $35,590,960. Interest is payable semiannually on December 31 and June 30. |
| Oct. | 1 | Borrowed $200,000 by issuing a six-year, 4% installment note to Nicks Bank. The note requires annual payments of $38,152, with the first payment occurring on September 30, 2017. |
| Dec. | 31 | Accrued $2,000 of interest on the installment note. The interest is payable on the date of the next installment note payment. |
| 31 | Paid the semiannual interest on the bonds. The bond discount amortization of $97,726 is combined with the semiannual interest payment. | |
| 31 | Closed the interest expense account. | |
| 2017 | ||
| June | 30 | Paid the semiannual interest on the bonds. The bond discount amortization of $97,726 is combined with the semiannual interest payment. |
| Sept. | 30 | Paid the annual payment on the note, which consisted of interest of $8,000 and principal of $30,152. |
| Dec. | 31 | Accrued $1,698 of interest on the installment note. The interest is payable on the date of the next installment note payment. |
| 31 | Paid the semiannual interest on the bonds. The bond discount amortization of $97,726 is combined with the semiannual interest payment. | |
| 31 | Closed the interest expense account. | |
| 2018 | ||
| June | 30 | Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $3,518,136 after payment of interest and amortization of discount have been recorded. (Record the redemption only.) |
| Sept. | 30 | Paid the second annual payment on the note, which consisted of interest of $6,794 and principal of $31,358. |
Required:
| 1. | Journalize the entries to record the foregoing transactions. Round all amounts to the nearest dollar. Be sure to include the year in the date for the entries. Refer to the Chart of Accounts for exact wording of account titles. |
| 2. | Indicate the amount of the interest expense in (a) 2016 and (b) 2017. |
| 3. | Determine the carrying amount of the bonds as of December 31, 2017. |
Chart of Accounts
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Journal
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1. Journalize the entries to record the transactions. Be sure to include the year in the date for the entries. Refer to the Chart of Accounts for exact wording of account titles.
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Final Questions
Shaded cells have feedback.
2. Indicate the amount of the interest expense in (a) 2016 and (b) 2017.
| 2016: | |
| 2017: |
3. Determine the carrying amount of the bonds as of December 31, 2017.
In: Accounting
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:
| 2016 | ||
| July | 1 | Issued $71,100,000 of 20-year, 12% callable bonds dated July 1, 2016, at a market (effective) rate of 14%, receiving cash of $61,621,133. Interest is payable semiannually on December 31 and June 30. |
| Oct. | 1 | Borrowed $250,000 by issuing a six-year, 5% installment note to Nicks Bank. The note requires annual payments of $49,254, with the first payment occurring on September 30, 2017. |
| Dec. | 31 | Accrued $3,125 of interest on the installment note. The interest is payable on the date of the next installment note payment. |
| 31 | Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment. | |
| 31 | Closed the interest expense account. | |
| 2017 | ||
| June | 30 | Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment. |
| Sept. | 30 | Paid the annual payment on the note, which consisted of interest of $12,500 and principal of $36,754. |
| Dec. | 31 | Accrued $2,666 of interest on the installment note. The interest is payable on the date of the next installment note payment. |
| 31 | Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment. | |
| 31 | Closed the interest expense account. | |
| 2018 | ||
| June | 30 | Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $8,530,979 after payment of interest and amortization of discount have been recorded. (Record the redemption only.) |
| Sept. | 30 | Paid the second annual payment on the note, which consisted of interest of $10,662 and principal of $38,592. |
Required:
| 1. | Journalize the entries to record the foregoing transactions. Round all amounts to the nearest dollar. Be sure to include the year in the date for the entries. Refer to the Chart of Accounts for exact wording of account titles. |
| 2. | Indicate the amount of the interest expense in (a) 2016 and (b) 2017. |
| 3. | Determine the carrying amount of the bonds as of December 31, 2017. |
In: Accounting
On May 1 of the current year a company paid $200,000 to purchase 7%, 10-year bonds with a par value of $200,000; interest is paid semiannually on May 1 and November 1. The company intends to hold the bonds until they mature.
a. Prepare the journal entries to record the bond purchase.
b. The receipt of the first semiannual interest payment on September 1 of the current year
c. The accrual of interest for year-end December 31
d. The receipt of the second semiannual payment on May 1
In: Accounting
An arithmetic cash flow gradient series equals $650 in year 1, $750 in year 2, and amounts increasing by $100 per year through year 12. At i = 15% per year, determine the present worth of the cash flow series in year 0.
The present worth of the cash flow series in year 0 is $
please help me with this question
In: Economics
1.) Harlow Industries reported net income of $35,168 for the current year. During the year, Inventory decreased by $11,561, Accounts Payable decreased by $15,530, Depreciation Expense was $6,972, and Accounts Receivable increased by $6,906. If the indirect method is used, what is the net cash provided by operating activities?
2.) Based on the following information about cash transactions, compute cash flows from financing activities. Note: Some information may not be necessary for your calculation.
Purchase of investments = $31,404
Dividends paid = $6,250
Interest paid = $9,580
Additional amount borrowed from a bank = $54,266
3.) Using the information below and the indirect method, calculate the Net Cash Provided by Operating Activities.
Net Income = $70,484
Depreciation Expense = $4,583
Increase in Accounts Receivable = $16,402
Decrease in Inventory = $25,488
Increase in Accounts Payable = $18,979
Decrease in Accrued Liabilities = $8,963
4.) Using the information below and the indirect method, calculate the Net Cash Provided by Operating Activities.
Net Income = $62,704
Depreciation Expense = $6,196
Decrease in Accounts Receivable = $19,660
Decrease in Inventory = $25,251
Increase in Accounts Payable = $15,033
Increase in Accrued Liabilities = $8,480
In: Accounting
If a taxpayer changes its taxable year, the interval between the last full taxable year prior to the change and the starting date of the new taxable year shall be considered as a short independent fiscal period.
The first year of a new taxpayer or the last year of a taxpayer in case of discontinuation or liquidation, may be a short independent fiscal year. Why? Explain with example.
In: Accounting
If a taxpayer changes its taxable year, the interval between the last full taxable year prior to the change and the starting date of the new taxable year shall be considered as a short independent fiscal period.
The first year of a new taxpayer or the last year of a taxpayer in case of discontinuation or liquidation, may be a short independent fiscal year. Why? Explain with example.
For every kind of money or activity there is a rule for calculating alms which are due on it. Some are calculated in relation to the total amount and others are calculated in relation to the net amount. Give two examples for each where alms are calculated on total amounts and where alms on calculated on net amounts.
Receptacle of Alms money calculated by subtracting liabilities which are due to be paid at that moment from alms assets. Assets which meet the conditions of obligatory alms are called Alms Assets. State the conditions of obligatory alms.
In: Accounting