Questions
Following are selected transactions of Danica Company for 2016 and 2017. 2016 Dec. 13 Accepted a...

Following are selected transactions of Danica Company for 2016 and 2017. 2016 Dec. 13 Accepted a $18,000, 45-day, 6% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. 2017 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $12,000, 6%, 90-day note dated March 3 in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $10,000, 30-day, 8% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note when presented for payment. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.)

In: Accounting

If the change in GDP in South Korea from 2016 Quarter 3 to 2016 Quarter 4...

  1. If the change in GDP in South Korea from 2016 Quarter 3 to 2016 Quarter 4 was 6%, then we may conclude that the s.a.a.r for GDP in the same period was
  1. 1.6%, because s.a.r. measures quarter-to-quarter growth
  2. 3.2%, because s.a.a.r. measures the upper limit of current GDP growth
  3. One-fourth of 1.6%, or 0.4%, because s.a.a.r. removes all annualized data
  4. Four times 1.6%, or 6.4%, because s.a.a.r. annualizes quarterly data
  1. The difference between an economic indicator being a flow variable rather than a stock variable is that
  1. A flow refers to measuring a variable over time, while a stock measures a variable at a point in time
  2. A flow refers to measuring a variable at a point in time while a stock measures a variable in non-monetary units
  3. A flow refers to measuring a variable over time while a stock measures a variable in monetary units only
  4. A stock is a measure of a variable over time while a flow measures a variable at a point in time
  1. The level of potential GDP used as the benchmark comparison in assessing the long-run prospects of an economy is computed as:
  1. The growth in labor force plus the growth in productivity plus the growth in hours worked
  2. The growth in productivity plus the growth rate of the population
  3. The growth rate of population plus the growth rate of current production
  4. The growth rate of current production plus the growth rate of productivity plus the growth rate in hours worked

In: Economics

Marigold Corporation began operations on December 1, 2016. The only inventory transaction in 2016 was the...

Marigold Corporation began operations on December 1, 2016. The only inventory transaction in 2016 was the purchase of inventory on December 10, 2016, at a cost of $20 per unit. None of this inventory was sold in 2016. Relevant information for fiscal 2017 is as follows:

Ending inventory units:
December 31, 2016 120
December 31, 2017, by purchase date
—Dec. 2, 2017 120
—July 20, 2017 31 151

During 2017, the following purchases and sales were made:
Purchases Sales
Mar. 15 350 units at $26 Apr. 10 220
July 20 350 units at $28 Aug. 20 310
Sept. 4 260 units at $30 Nov. 18 180
Dec. 2 120 units at $30 Dec. 12 339

The company uses the periodic inventory method.

Determine ending inventory under (1) specific identification, (2) FIFO, (3) LIFO, and (4) average-cost.

In: Accounting

Following are selected transaction of Danica Company for 2016 and 2017. 2016 December 13 Accepted a...

Following are selected transaction of Danica Company for 2016 and 2017.

2016

December 13 Accepted a $16,000, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable.

Dec 31 Prepaid an adjusting entry to record the accured interest on the Lee note

2017.

Jan 27 Received Lee's payment for principal and interest on the note dated December 13.

March 3 Accepted a $10,000, 6%, 90-day note dated March 3 in granting a time extension on the past-due account receivable of Tomas Company.

March 7 Accepted a $8,000, 30-day, 6% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable

April 16 H. Cheng dishonored his note when presented for payment

May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts.

June 1 Received the Tomas payment for principal and interest on the note dated March 3.

Complete the table to calculate the interests amounts and use those calculated values to prepare your journal entries

(Do not round intermediate calculations. use 360 days a year)

M Lee Note-Complete the table to calculate the interest amounts. (Total through maturity- Amount Accrued at December 31-Interest Recognized January 27)

Tomas Co Note and H. Cheng Note

Complete the table to calculate the interest amount on Both companies. (Principal, Rate %, Time, Total Interest) Then use the calculated values to prepare your journal entries. PLEASE SHOW YOUR WORK

In: Accounting

ollowing are selected transactions of Danica Company for 2016 and 2017. 2016 Dec. 13 Accepted a...

ollowing are selected transactions of Danica Company for 2016 and 2017. 2016 Dec. 13 Accepted a $26,000, 45-day, 6% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. 2017 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $20,000, 8%, 90-day note dated March 3 in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $18,000, 30-day, 8% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note when presented for payment. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.)

In: Accounting

If real GDP in 2016 using 2015 prices is higher than nominal GDP of 2016, then...

  1. If real GDP in 2016 using 2015 prices is higher than nominal GDP of 2016, then

O A. nominal GDP in 2016 equals nominal GDP in 2015.

O B. real GDP in 2016 is larger than real GDP in 2015.

O C. prices in 2016 are higher than prices in the base year.

O D. prices in 2016 are lower than prices in the base year.

  1. When GDP is measured using "adjustments for price changes" it is known as the

O A. nominal GDP.

O B. real GNP,

O C. real GDP.

O D. nominal GNP.

  1. Between a trough and a peak, the economy goes through a(n)

O A. recession.

O B. expansion.

O C. bust

O D. hyperinflation.

  1. Classiiying discouraged workers as unemployed would

O A. have an indeterminate impact on the unemployment rate.

O B. increase the unemployment rate.

O C. not change the unemployment rate.

O D・ decrease the unemployment rate.

  1. In which of the following markets are funds demanded and supplied?

O A. the factor market

O B. the money market

O C. the goods and services market

O D. the labor market

  1. Which of the following is included in both the U.S. GDP and GNP?

O A. The value of cars produced by Nissan in Japan and the U.S.

O B. The value of all cars produced by Ford in Mexico.

O C. The value of all cars produced by General Motors in the U.S.

O D・ The value of all cars produced by Toyota in the U.S.

In: Economics

Following are selected transactions of Danica Company for 2016 and 2017. 2016 Dec. 13 Accepted a...

Following are selected transactions of Danica Company for 2016 and 2017.

2016

Dec. 13 Accepted a $14,000, 45-day, 10% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable.
31 Prepared an adjusting entry to record the accrued interest on the Lee note.


2017

Jan. 27 Received Lee's payment for principal and interest on the note dated December 13.
Mar. 3 Accepted a $8,000, 8%, 90-day note dated March 3 in granting a time extension on the past-due account receivable of Tomas Company.
17 Accepted a $6,000, 30-day, 8% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable.
Apr. 16 H. Cheng dishonored his note when presented for payment.
May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts.
June 1 Received the Tomas payment for principal and interest on the note dated March 3.


Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries

  • M Lee Note

Complete the table to calculate the interest amounts.

Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27
Principal
Rate (%)
Time
Total interest
  • Tomas Co Note

First, complete the table below to calculate the interest amounts.

Total Through
Maturity
Principal
Rate (%)
Time
Total interest
  • H Cheng Note

First, complete the table below to calculate the interest amounts.

Total Through
Maturity
Principal
Rate (%)
Time
Total interest
  • General Journal

Use those calculated values to prepare your journal entries.

Journal entry worksheet

  • Received Lee’s payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared.

Note: Enter debits before credits.

Date General Journal Debit Credit
Jan 27, 2017
  • Accepted a $8,000, 8%, 90-day note dated March 3 in granting a time extension on the past-due account receivable of Tomas Company.

Note: Enter debits before credits.

Date General Journal Debit Credit
Mar 03, 2017
  • Accepted a $6,000, 30-day, 8% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable.

Note: Enter debits before credits.

Date General Journal Debit Credit
Mar 17, 2017
  • H. Cheng dishonored his note when presented for payment.

Note: Enter debits before credits.

Date General Journal Debit Credit
Apr 16, 2017
  • Wrote off the H. Cheng account against the Allowance for Doubtful Accounts.

Note: Enter debits before credits.

Date General Journal Debit Credit
May 01, 2017
  • Received the Tomas payment for principal and interest on the note dated March 3.

Note: Enter debits before credits.

Date General Journal Debit Credit
Jun 01, 2017

In: Accounting

Table below shows the results from a transduction experiment. Calculate the number of transductants that has...

  1. Table below shows the results from a transduction experiment. Calculate the number of transductants that has resulted from this experiment (show your calculations).

List 3 reasons for the bacterial growth on the control plates.

Culture

Transduction Minimal Medium

E.coli control 1

5

E.coli control 2

3

E.coli + P-22 plate 1

37

E.coli + P-22 plate 2

41

In: Biology

“Table 4: Experiment Results” “Antibiotic” “Zone of Inhibition (mm)” “Relative Effectiveness” “Ampicillin” 10 mm yes “Kanamycin”...

“Table 4: Experiment Results”

“Antibiotic”

“Zone of Inhibition (mm)”

“Relative Effectiveness”

“Ampicillin”

10 mm

yes

“Kanamycin”

5 mm

minimal

“Penicillin”

15 mm

yes

“Control”

0 mm

no

1. What is the mechanism of action for each of the antibiotics used in this experiment?”

2. If a population of bacteria evolves resistance to penicillin, are these bacteria more likely to be also resistant to ampicillin or kanamycin? Explain your reasoning.”

In: Biology

1) During this distillation experiment, a student collects a 10.00 mL fraction consisting of 70% ethyl...

1) During this distillation experiment, a student collects a 10.00 mL fraction consisting of 70% ethyl acetate and 30% n-butyl acetate (by volume). What is the mole fraction of n-butyl acetate in this sample?

2) Suppose you used a shorter distilling column in this fractional distillation experiment. Would you expect to obtain a better or worse separation between the two esters explain your answer.

In: Chemistry