Questions
The accounting records of Wall’s China Shop reflected the following balances as of January 1, Year...

The accounting records of Wall’s China Shop reflected the following balances as of January 1, Year 3:

Cash $

18,300

Beginning inventory 17,400 (200 @ $87)
Common stock 15,600
Retained earnings

20,100


The following five transactions occurred in Year 3:

  1. First purchase (cash): 120 units @ $89
  2. Second purchase (cash): 195 units @ $97
  3. Sales (all cash): 350 units @ $193
  4. Paid $13,800 cash for salaries expense
  5. Paid cash for income tax at the rate of 25 percent of income before taxes

Required
a. Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted-average cost flow. Compute the income tax expense for each method.
b. Use a vertical model to show the Year 3 income statement, balance sheet, and statement of cash flows under FIFO, LIFO, and weighted average. (Hint: Record the events under an accounting equation before preparing the statements.)

I need the Retained earnings for the FIFO LIFO AND WA? please it is not 20100

also I need in the cash flow statement I need the cash flows investing activity and plus; beginning cash balance ?

AND THIS QUESTION;;

At the end of the year, Randy’s Parts Co. had the following items in inventory:

Item Quantity Unit Cost Unit Market
Value
P1 60 $ 85 $ 90
P2 40 70 72
P3 80 130 120
P4 70 125 130


Required
a. Determine the amount of ending inventory using the lower-of-cost-or-market rule applied to each individual inventory item.
  



b. Provide the adjustment necessary to write down the inventory based on Requirement a. Assume that Randy’s Parts Co. uses the perpetual inventory system.
  



c. Determine the amount of ending inventory, assuming that the lower-of-cost-or-market rule is applied to the total inventory in aggregate.
  

d. Provide the adjustment necessary to write down the inventory based on Requirement c. Assume that Randy’s Parts Co. uses the perpetual inventory system.

In: Accounting

The annual wages of American farm laborers in 1926 were normally distributed with a mean of...

The annual wages of American farm laborers in 1926 were normally distributed with a mean of $586 and a standard deviation of $97. In 1926, a) What percentage of American farm laborers had an annual wage between $500 and $700? b) What percentage of American farm laborers had an annual wage above $400? c) Find the 75 th Percentile of the farm laborers’ annual wage

please be specific

In: Statistics and Probability

Assume Anderson’s General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $37,000....

Assume Anderson’s General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $37,000. If the company was charged $790 in transportation cost by National Trucking, immediately returned goods to American Wholesaling costing $2,600, and then took advantage of American Wholesaling’s 2/10, n/30 purchase discount.

Prepare journal entries to record the inventory transactions, assuming Anderson’s uses a perpetual inventory system

In: Accounting

Considering the effect that the pandemic may have on some businesses and larger companies, would your...

Considering the effect that the pandemic may have on some businesses and larger companies, would your decision to lend to American Airlines change when considering the current situation?

American Airlines' biggest liability in their operating income is its contributions to pension plans. It contributed (in millions) $286, $475, and $1,230 in 2017, 2018, and 2019 respectively. Even with these large sums contributed, American Airlines has stayed in the green in net cash earned from operating activities; earning inflows of cash of (in millions) $4,744, $3,533, $3,815 in 2017, 2018 and 2019 respectively.

American has not been as successful in its financing and investing activities. American has financed a lot of aircraft with long term debt. In 2018 they had a capital expenditure and aircraft purchase of $3,745 and $2,354 in the issuance of long-term debt. In 2019 they had capital expenditures and aircraft purchase of $4,268 and $3,960 in the issuance of long-term debt. American Airlines has seen outflows from financing activities of (in millions) $1,145, $1,672, $1,568 in 2017, 2018, and 2019 respectively. It also saw outflows from Investing activities of $3,636, $1,973, and $2,243.

In: Accounting

Pentacarbonyliron (Fe(CO)5) reacts with phosphorous trifluoride (PF3) and hydrogen, releasing carbon monoxide: Fe(CO)5 + PF3 +...

Pentacarbonyliron (Fe(CO)5) reacts with phosphorous trifluoride (PF3) and hydrogen, releasing carbon
monoxide:

Fe(CO)5 + PF3 + H2 → Fe(CO)2(PF3)2(H)2 + CO (not balanced)

The reaction of 9.0 mol of Fe(CO)5, 11.0 mol of PF3 and 3.0 mol of H2 will release ________ mol of CO.

In: Chemistry

Question 1: On July 1, Maged Co. sold merchandise on account to Hani Co. for $30,000...

Question 1:

  • On July 1, Maged Co. sold merchandise on account to Hani Co. for $30,000 terms 2/10, n/30.
  • On July 5, Hani returns merchandise worth $5000 to Maged Co.
  • On July 10, Maged Co. receives payment from Hani Co. for the balance due.
  • On Sept, 5, Maged Co. sold merchandise on account to Samy for $20,000 terms 2/10, n/30.
  • On Sept. 20 Samy paid the amount due to Maged Co.
  • Maged Co. writes off Salem Co. $4000 balance as uncollectible on December 12.

Prepare the journal entry to record this transaction on the books of Maged Co. and prepare Accounts receivable account (T account).

Date

Dr

Cr

                                  Dr                                Accounts receivable                                   Cr

In: Accounting

Question 4. Draw a simple molecular orbital diagram for the carbon monoxide (CO) molecule and explain,...

Question 4.

  1. Draw a simple molecular orbital diagram for the carbon monoxide (CO) molecule and explain, using an accurate bonding description, how this molecule can act as a ligand within metal carbonyl compounds.
  2. Explain why CO possesses one infrared (IR) active vibrational mode u(CO), whereas, the di-nitrogen molecule, N2, does not?
  3. Using your bonding description from part (i.), together with the knowledge that CO ligands contain an IR active vibrational mode, explain the variations in u(CO) cm-1 values which arise for the following isoelectronic complexes:

Compound

u(CO) cm-1

[V(CO)6]-

1860

Cr(CO)6

2000

[Mn(CO)6]+

2095

CO (uncoordinated)

2143

In: Chemistry

) The following selected transactions were completed during July between All Ways Trading Co                   ...

) The following selected transactions were completed during July between All Ways Trading Co

                   and Supervalu Co

July 2.    All Ways company sold merchandise on account to Supervalu Company, $16,000, terms FOB

shipping point, 2/10, n/30 and paid freight of $375, which was added to the invoice.

The cost of goods sold was $11,000.

                     12.   Supervalu Co paid All Ways Co for purchase of July 2 invoice, less discount.

                     24.   All Ways Co sold merchandise on account to Supervalu Co, $13,200. Terms FOB shipping point,

                             n/eom. The cost of goods sold was $ 10,000.

                     26.   Supervalu Co paid freight of $ 190 on July 24 purchase from All Ways Co.

                     30.   Supervalu Co paid All Ways Co on account for July 24 purchase.

              Journalize transaction for the month of July for (1) All Ways Co, and (2) Supervalu Co, assuming both the

companies use perpetual inventory system.

In: Accounting

Q1. Suppose you have the following: Treatment = 3 Observations per each treatment = 10 Total...

Q1. Suppose you have the following:

Treatment = 3

Observations per each treatment = 10

Total SS = 350

SST = 250

(1) Complete the ANOVA table:

S.O.V

d.f

SS

MS

Cal. F

Treatments

250

Error

Total

350

(2) If tabulated (critical) F = 3.35, is there any significant difference based on calculated F?

-Show work please!-

In: Statistics and Probability

Many firm choose to enter the market early to get a number of advantages including the...

Many firm choose to enter the market early to get a number of advantages including the opportunity to do monopoly of the business. What are some benefits of entering market early? There are opportunities to enter the market late. Why a firm may choose to enter into a market late?q

In: Economics