3. Analyze and Journalize the following entries; On June 1, 2012 Sam Near created a travel agency called Tours-For-Less. These activities occurred during the company’s first month:
|
June |
1 |
Near created the new company by investing $40,000 cash and computer equipment worth $60,000. |
|
2 |
The company rented furnished office space by paying $3,200 rent for the first month. |
|
|
3 |
The company purchased $2,400 of office supplies for cash. |
|
|
10 |
The company paid $7,200 for the premium on a one-year insurance policy. |
|
|
14 |
The owner’s assistant was paid $3,600 for two weeks’ salary. |
|
|
24 |
The company collected $13,600 of commissions from airlines on tickets obtained for customers. |
|
|
28 |
The assistant was paid another $3,600for two weeks’ salary. |
|
|
29 |
The company paid the month’s $3,500 phone bill. |
|
|
30 |
The company paid $700 cash to repair its computer. |
|
|
30 |
The owner withdrew $2,850 cash from the business. |
In: Accounting
Required information [The following information applies to the questions displayed below.] Washington County’s Board of Representatives is considering the construction of a longer runway at the county airport. Currently, the airport can handle only private aircraft and small commuter jets. A new, long runway would enable the airport to handle the midsize jets used on many domestic flights. Data pertinent to the board’s decision appear below. Cost of acquiring additional land for runway $ 82,500 Cost of runway construction 280,000 Cost of extending perimeter fence 19,908 Cost of runway lights 45,000 Annual cost of maintaining new runway 22,500 Annual incremental revenue from landing fees 57,500 In addition to the preceding data, two other facts are relevant to the decision. First, a longer runway will require a new snowplow, which will cost $180,000. The old snowplow could be sold now for $18,000. The new, larger plow will cost $16,000 more in annual operating costs. Second, the County Board of Representatives believes that the proposed long runway, and the major jet service it will bring to the county, will increase economic activity in the community. The board projects that the increased economic activity will result in $94,000 per year in additional tax revenue for the county. In analyzing the runway proposal, the board has decided to use a 10-year time horizon. The county’s hurdle rate for capital projects is 18 percent. Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.) Required: 1. Compute the initial cost of the investment in the long runway. 2. Compute the annual net cost or benefit from the runway. 3-a. Determine the IRR on the proposed long runway. (Round your answer to the nearest whole percent.) 3-b. Should it be built considering IRR?
In: Accounting
C# Create an application that asks the user to enter their new password. The password must be at least 6 characters long. Develop a custom exception handling case that checks for the password length. (hint: use " .Length " built-in method). If the new password is less than 6 characters long the custom exception should output an error message.
In: Computer Science
What are some actions a firm can take to shorten its cash conversion cycle?
What are some costs associated with high inventories? With low inventories?
What is a “supply chain” and how are supply chains related to just-in-time inventory procedures?
Explain how a new firm’s receivables balance is built up over time.
In: Finance
Program that does conversions (i.e. decimal to hexadecimal, binary to decimal) but needs to have a drop down menu to give you the option to choose with conversion you want to go from and convert into (JOptionPane). Cannot use the conversion tool that is built-in Java. Need to use equations or some sort. Please include comments on what is happening to understand.
In: Computer Science
In: Psychology
True or False if false state why:
While she initially committed to becoming a nun and serving the poor, Austrian Catholic immigrant descendant Philadelphian Katherine Drexel soon found her vow of poverty to be tiresome, and she subsequently returned to her life of wealth and privilege in Philadelphia and built a spectacular mansion with all of her millions. ____
In: Psychology
In MATLAB define a function named primes that takes a non-negative integer, ?, as its only argument and returns a row vector containing the first ? prime numbers in order. Assume that the first prime number is 2. Other than the zeros function, the ones function, and the colon (:) operator, you may not use any Matlab built-in array functions.
In: Computer Science
In: Computer Science
Design a Ship class that the following members: A field for the name of the ship (a string). A field for the year that the ship was built (a string). A constructor and appropriate accessors and mutators. A toString method that displays the ship’s name and the year it was built. Design a CruiseShip class that extends the Ship class. The CruiseShip class should have the following members: A field for the maximum number of passengers (an int). A constructor and appropriate accessors and mutators. A toString method that overrides the toString method in the base class. The CruiseShip class’s toString method should display only the ship’s name and the maximum number of passengers. Design a CargoShip class that extends the Ship class. The CargoShip class should have the following members: A field for the cargo capacity in tonnage (an int). A constructor and appropriate accessors and mutators. A toString method that overrides the toString method in the base class. The CargoShip class’s toString method should display only the ship’s name and the ship’s cargo capacity.
I need user input aka asking the user to input a ship name, the number of passengers, and the year.
In: Computer Science