The company is now beginning to realize their long-term dream:
selling costuming.
Johnny believes that “every artist is unique” and would like to
track the company’s inventory using a job costing technique. Moira,
on the other hand, believes that “all the world’s a stage” and that
a process costing technique should work fine. They’ve come to you
for help. They’d like to know what their inventory accounts and
cost of goods sold would look like under each method. They’ve done
their best to compile all of the cost information they believe
you’ll need; however, as they are not accountants, it may not be
organized ideally. You pick up their file and see the following
information:
|
Beginning of the year estimates: |
|||||
|
Direct Materials – Cotton |
$210,000 |
WIP Units: |
6,800 |
||
|
Direct Materials – Lace |
$350,000 |
BOY WIP Value: |
$42,860 |
||
|
Direct Labor |
$350,000 |
WIP Status: |
|||
|
MOH: |
$170,000 |
Input |
Completion |
Value |
|
|
Machine Hours: |
20,500 |
Direct Material – Cotton |
30% Complete |
$11,000 |
|
|
Direct Labor Hours |
80,000 |
Direct Material - Lace |
25% Complete |
$20,980 |
|
|
Cost Allocation Base |
Machine Hours |
Conversion Costs |
45% Complete |
$10,880 |
|
|
End of the year Actuals: |
|||||
|
Direct Materials – Cotton |
$200,000 |
WIP Units: |
4,420 |
||
|
Direct Materials – Lace |
$180,000 |
WIP Value: |
??? |
||
|
Direct Labor |
$320,000 |
WIP Status: |
|||
|
MOH: |
$164,000 |
Input |
Completion |
Value |
|
|
Machine Hours: |
21,242 |
Direct Material – Cotton |
65% Complete |
??? |
|
|
Direct Labor Hours |
79,870 |
Direct Material - Lace |
80% Complete |
??? |
|
|
Completed Units |
18,900 |
Conversion Costs |
90% Complete |
??? |
|
|
Direct Material Purchases (total) |
$425,000 |
||||
|
MOH Bills: |
|||||
|
Electric Payable |
$42,000 |
Rent Payable |
$36,000 |
||
|
Depreciation |
$21,000 |
Indirect Materials |
$12,000 |
||
|
Indirect Labor |
$14,000 |
Taxes Payable |
$39,000 |
||
|
Beginning of the year account balances |
|||||
|
Direct Materials – total |
$50,000 |
WIP |
$82,000 |
||
|
Finished Goods |
$17,000 |
||||
REQUIREMENTS:
In: Accounting
5. Amy, who is thirty seven years old, is a single mother with two children. Amy is employed as a
laboratory chemist with a national company. She is in good health. Her son Jimmy, age five, is
an active and healthy boy. Lane, her daughter, is an inquisitive and healthy eight-year-old girl.
Amy has come to you for advice about choosing the most appropriate health insurance plan for
her family, as well as preparing for future health insurance issues.
a. If Amy decides to join an HDHP at her work, what must she also contribute to at that time?
b. What factors should Amy consider when deciding to use an HDHP with an HSA?
c. Amy is wondering which of the following events will allow her to change her employersponsored
FSA election: (a) She gets married, (b) she adopts a baby, (c) her son is admitted
to a hospital for surgery, or if she is married and her spouse is fired from his job.
d. If Amy uses an HDHP plan, with an HSA, may she contribute to a health care FSA? May she
contribute to a dependent care FSA?
e. Although Amy is too young to purchase a Medigap or Medicare SELECT plan, she would
like to learn more about these policies for when she retires. If she were to purchase a
Medigap policy, she would want the policy to cover very large, unexpected, and catastrophic
expenses. She is also interested in a lower price plan. What plan would be appropriate for
Amy (select from one of the standard plans)?
f. When would it make sense for Amy to purchase a specified disease policy?
g. What health factors should be monitored as an element of the comprehensive financial
planning process?
h. At which age will Amy trigger a qualifying event under COBRA?
i. Health care coverage is a primary concern for many single mothers. The idea of being
without adequate insurance to cover health expenses for children is a worry for many. What
options are available to Amy should she accept a position at another firm and be without
coverage for a short period of time?
In: Economics
U2 is a famous band with studio albums that span the 1980’s, 1990’s, and 2000’s. Suppose you have a friend who has not heard of this band but wants to become familiar with their music. Here is a summary of their studio album recordings:
Year Released Album Name Number of Songs
1980 Boy 11
1981 October 11
1983 War 10
1984 Unforgettable Fire 10
1987 The Joshua Tree 11
1988 Rattle and Hum 17
1991 Achtung Baby 12
1993 Zooropa 10
1997 Pop 12
2000 All That You Can't Leave Behind 11
2004 How to Dismantle an Atomic Bomb 11
2009 No Line on the Horizon 11
2014 Songs of Innocence 11
TOTAL 148
Suppose your friend does not have time to listen to every track on their albums, and instead wants to take a sample of their songs to listen to in order to familiarize himself with the music.
Your friend decides he has time to listen to about 40 songs (give or take a few as needed) and wants those songs to be representative of the group’s music.
In: Statistics and Probability
You are a new graduate registered nurse working in the paediatric ward of your local hospital.
Sam Nicolaides is a nine-year-old boy who until recently has been in good health. Sam lives with his mother and father and two siblings. Following a respiratory virus a few weeks ago he has been slow to recover, lacking in his usual energy. He has been hungry and thirsty all the time, and has recently begun wetting the bed, which he has not done for many years.
Sam presented to the Accident and Emergency department two day ago with nausea, abdominal pain and feeling generally unwell. His observations taken on admission were:
Blood pressure 80/50mmHG, pulse 140, respiratory rate 28 deep and sighing with an unusual sweet smell to the breath, oxygen saturation 100%, temperature 37.2 degrees Celsius. Urinalysis SG1025, pH 5, sugar++++ ketones+++ no other abnormalities. BGL 28mmol/L.
A medical diagnosis of Diabetes type 1 with keto-acidosis was made.
Question 6. Maximum word limit 120 words (approximately 30 words per section)
Briefly explain the pathophysiology causing the following symptoms Sam was experiencing on admission:
Question 7. Maximum word limit 50 words.
List four (4) ongoing nursing assessments, other than vital signs, that will be required to monitor Sam’s fluid status and ensure safe fluid replacement therapy over the next 48 hours.
Question 8. Maximum word limit 150 words.
Explain the concept of family centred care and why this is important to the physical and psychological care for Sam.
Question 9. Maximum word limit 150.
For the ongoing management of type 1 diabetes, current best practice recommends an intensive insulin therapy regime called multiple dose insulin (MDI) or basal/bolus regime. Explain:
Question 10. Maximum word limit 150 words
Explain what the HbA1c test is and why it is important in the management of patients with diabetes.
In: Nursing
Question 1:
Part a) A game consists of drawing 1 card from a standard deck of 52 cards. If you draw an Ace you win $50. If you draw a Jack, Queen, or King you win $20. If you draw a 10, 9 or 8 you win $15. If you draw anything lower than an 8, you don’t win anything. If it costs $10 to play, what is your expected value?
Part b) It costs $180/yr to buy insurance for your bike. The probability that your bike will be stolen in your neighborhood 13% each year. If your bike is stolen, your insurance company will pay $1,000 to replace your bike. Based on expected value, should you buy insurance? Show work and support your answer.
Part c) You are a school nurse and you order band-aides from a local company. The band-aides are packaged in boxes of 50. Quality control studies have shown that 3% of the band-aides are defective. As a nurse, what is the maximum number of band-aides you should plan on throwing out of each box? Round your answer to 2 decimal places.
Part d) A recent study found that 76% of public school teachers are female. Eight teachers are randomly selected. Find the probability that at least 7 of them are women. Round your answer to 4 decimal places.
Question
Part a) A recent survey found that 55% of young adults claim it’s easy to text while driving. You take a random sample of 5 young adults and ask if they feel it is easy to text and drive. Set up the table for the binomial distribution. Round your answers to 4 decimal places.
Part b) A family is planning on having 5 children. A baby food company told the family that they would award them $10,000 if they have exactly 1 boy, exactly 1 girl, all boys or all girls. In all other cases the baby food company would award them $2,000. What is the expected value for the family?
Please answer all parts to the question, I will give thumbs up to anyone who answers them right away.
In: Statistics and Probability
1.Which is true about sickle-cell anemia? Choose all that are true.
The allele that causes the disease is recessive.
Natural selection favors the heterozygote in areas with malaria.
The mutation that causes it is a SNP.
People homozygous for the sickling allele experience episodes of severe pain that may permanently damage their vital organs.
2.What was probably a selective pressure against dark skin in the our earliest ancestors to leave Africa?
Spina bifida from excessive ultraviolet light.
Rickets from a Vitamin D deficiency.
Lactose intolerance.
A combination of sickle-cell anemia and malaria.
3.What must have been the original cause of lighter skin color in our ancestors?
Skin cancer
Mutation
Natural selection
Rickets
4.The major differences among human populations today are in
anatomy (such as facial structure).
culture (no consistent biological differences).
cephalic index (measurements of the skull).
skin color (measured as reflectance).
5.There are many ways to classify humans. Which of the following is WRONG?
As strepsirhines.
As catarrhines.
As primates.
As apes.
6.The differences between strepsirhines and haplorhines include nose structures.
False
True
7.Which of the following is true about non-human ape material culture?
They use tools, but they don't make them.
They make and use tools, but only in captivity.
They don't use tools.
Chimpanzees make and use tools, but not the other non-human apes.
All the Great Apes make and use tools in the wild.
8.Which of the following is true about non-human primate communication? Choose all that are right.
They don't communicate.
They have languages.
Some monkeys have specific alarm calls for different predators.
Haplorhines communicate with facial expressions.
Lemurs and lorises communicate with scent.
9.Using a relative dating technique, we could determine:
if a fossil qualified as a relative of the primates
the exact age of a given fossil relative
whether one fossil is younger or older than another fossil
10.What can you date with radiocarbon dating?
Fossil bones of Turkana Boy.
Anything that was once alive within the last 50,000 years.
Layers (strata) between 50 and 100 kya.
Volcanic materials older than 100,000 years.
In: Biology
B. E. is a 68-year-old man who presents to the outpatient office with continuing visual pain and joint pain in his left knee. As you begin taking his history, you notice he is wearing a hearing aid. You decide to do a functional assessment.
He states that he can bathe himself as long as he sits down to bathe but cannot climb into the bathtub. His wife has placed a chair in the bathroom for him to use during bathing. He has not difficulty with toileting, dressing, or eating but “gets tired and sore” if he walks more than a block. He dreads going to stores because he can’t “walk that much” and relies on his wife for grocery shopping, housekeeping, cooking, and doing the laundry. He hires a neighborhood boy to mow the lawn. He is able to drive without difficulty; his car has automatic transmission. He lives in a two-story house and says that once he is downstairs for the day, he tries not to go upstairs until bedtime. His home has one bathroom on the lower level. He is a retired postal worker and enjoys spending time with his wife in the flower garden. Lately the knee pain has kept him from doing his gardening chores. He is active in his church and local civic clubs. He and his wife have been looking forward to a seniors’ cruise that is scheduled in 2 months.
1) What are three additional questions you might ask regarding his history?
2) What is your assessment of B. E.’s self-care ability? Are there other questions that may be included in a functional assessment?
3) What can you do to enhance your communication with B. E. during the interview and examination?
4) When assessing his hearing, B. E. states he has worn his hearing aids for 2 years. He says that in the last few months it seems to be less effective although he replaced the battery. What could be causing this hearing loss?
5) On the basis of the above assessment, what are expected findings in the aging person?
In: Nursing
Assume that, on January 1, 2019, P Company acquired a 70% interest in its subsidiary, S Company. The aggregate fair value of the controlling and noncontrolling interest was $400,000 in excess of S Company’s Stockholders’ Equity on the acquisition date. The parent uses the equity method to account for its investment in S company. The parent assigned the acquisition accounting premium (AAP) as follows:
|
AAP Item |
Initial Fair Value |
Useful Life (years) |
|
PPE, net |
$220,000 |
10 |
|
Customer List |
120,000 |
10 |
|
Goodwill |
60,000 |
Indefinite |
|
$400,000 |
P Company and S Company report the following financial statements at December 31, 2023:
|
Income Statement |
||
|
Parent |
Subsidiary |
|
|
Sales |
$6,500,000 |
$600,000 |
|
Cost of goods sold |
-4,250,000 |
-350,000 |
|
Gross Profit |
2,250,000 |
250,000 |
|
Income (loss) from subsidiary |
74,000 |
|
|
Operating expenses |
-1,250,000 |
-142,000 |
|
Net income |
$1,074,000 |
$108,000 |
|
Statement of Retained Earnings |
||
|
Parent |
Subsidiary |
|
|
BOY Retained Earnings |
$7,900,000 |
$958,000 |
|
Net income |
1,074,000 |
108,000 |
|
Dividends |
-102,540 |
-18,750 |
|
EOY Retained Earnings |
$8,871,460 |
$1,047,250 |
|
Balance Sheet |
||
|
Parent |
Subsidiary |
|
|
Assets: |
||
|
Cash |
$500,000 |
$250,000 |
|
Accounts receivable |
2,045,000 |
425,000 |
|
Inventory |
657,000 |
624,500 |
|
Equity Investment |
1,331,475 |
|
|
PPE, net |
9,507,985 |
511,750 |
|
$14,041,460 |
$1,811,250 |
|
|
Liabilities and Stockholders’ Equity: |
||
|
Current Liabilities |
$900,000 |
$370,000 |
|
Long-term Liabilities |
1,570,000 |
0 |
|
Common Stock |
600,000 |
42,000 |
|
APIC |
2,100,000 |
352,000 |
|
Retained Earnings |
8,871,460 |
1,047,250 |
|
$14,041,460 |
$1,811,250 |
|
15. Based on the given financial statements, the computation of the pre-consolidation income (loss) from subsidiary of $74,000 reported by the parent includes a deduction for:
a. $25,000 for excess attributable to depreciation and amortization
b. $34,000 for excess attributable to depreciation and amortization
c. $13,125 for 70% of dividends declared and paid by S Company
d. $75,600 for 70% of the net income of subsidiary
16. The December 31, 2023 pre-consolidation balance of the equity investment accounting equals $1,331,475 (i.e., 5 years subsequent to the acquisition).
On this date, the equity investment balance implicitly includes:
a. Dividends, $121,290
b. Goodwill, $60,000
c. Goodwill, $48,000
d. Unamortized AAP excluding Goodwill, $204,000
In: Accounting
18.The stem cells of the epidermis are found in the A. Dermis
B. Stratum basale
C. Stratum corneum
D. Stratum granulosum E. Stratum lucidum
19.The movement of the interphalangeal joints as a person makes a fist is known as A. Abduction
B. Adduction
C. Circumduction D. Extension
E. Flexion
20.Which of the following people is most likely to get
scoliosis? A. A person who falls on his head
B. A pregnant woman
C. A teenaged boy
D. A teenaged girl
E. An elderly woman
21.When you stand on your tiptoes, the movement at the ankle
joint is known as A. Dorsiflexion
B. Downward rotation
C. Extension
D. Lateral flexion E. Plantar flexion
22.Which of the following structures is found in the knee, but
not in the elbow? A. Annular ligament
B. Condyle
C. Joint capsule
D. Meniscus E. Tuberosity
23.Which of the following joints is made primarily of fibrous
cartilage? A. Atlantoaxial joint
B. Costal cartilage
C. Intervertebral disc
D. Sternoclavicular joint E. Zygapophyseal joint
24.Medial rotation of the radio-ulnar joint is also known as A.
Circumduction
B. Inversion
C. Left rotation
D. Pronation E. Supination
25.Which joint type contains a joint capsule? A. Gomphosis
B. Symphysis
C. Synchondrosis
D. Syndesmosis E. Synovial
26.Which of the following ribs is a floating rib? A. 1
B. 7 C. 8 D. 10 E. 12
27.This bone articulates directly with the radius A. Clavicle
B. First metacarpal C. Pisiform
D. Scaphoid
E. Trapezium
28.A difference between connective tissue and epithelial tissue
is A. Cells in connective tissue are held together by tight
junctions B. Cells in epithelial tissues are regularly found in
lacunae
C. Connective tissue normally contains more cells
D. Connective tissues may be involved in storage of fat E. Epithelial tissues often produce collagen fibers
29.A person with very dark skin will have more __________ than a person with very light skin
A. Blood
B. Carotene
C. Melanin
D. Stratum basale E. Stratum corneum
In: Anatomy and Physiology
Great Adventures Problem AP9-1 (GL) Tony’s favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, “I’ve always wanted to start a camp where families could get away and spend some quality time together. If we just had the money, I know this would be the perfect place.” On November 1, 2022, Great Adventures purchased the land by issuing a $780,000, 6%, 10-year installment note to the seller. Payments of $8,660 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $8,660 includes both interest expense and principal payments (i.e., reduction of the loan amount). Late that night Tony exclaimed, “We now have land for our new camp; this has to be the best news ever!” Suzie said, “There’s something else I need to tell you. I’m expecting!” They decided right then, if it was a boy, they would name him Venture.
1. Record each of the transactions listed above in the 'General
Journal' tab. Review the 'General Ledger' and the 'Trial Balance'
tabs to see the effect of the transactions on the account
balances.
2. Prepare an income statement for the period ended December 31,
2022, in the 'Income Statement' tab.
3. Prepare a classified balance sheet as of December 31, 2022 in
the 'Balance Sheet' tab.
4. Record the closing entries in the 'General Journal' tab.
1.) Record the issuance of the long-term note payable for the purchase of land on November 1, 2022.
Journal entry worksheet
2.) Record the first monthly payment on the long-term note payable, made on November 30, 2022.
3.) Record the second monthly payment on the long-term note payable, made on December 31, 2022.
4.) The 12 monthly payments in 2023 (following year) will reduce the note's balance by an additional $59,301. Record the reclassification of this amount from long-term notes payable to current notes payable.
5.) Prepare the closing entry for revenue accounts.
6.) Prepare the closing entry for expense and loss accounts.
In: Accounting