Questions
he March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts...

he March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order.

Debit Credit
Accounts payable $ 31,000
Accounts receivable $ 48,000
Accumulated depreciation, equipment 9,000
Accumulated depreciation, truck 21,000
Cash 14,400
Depreciation expense 3,800
Equipment 19,000
Franchise 21,000
Gas and oil expense 7,500
Interest expense 450
Interest payable 750
Land not currently used in business operations 148,000
Long-term notes payable1 35,000
Notes payable, due February 1, 2021 7,000
Notes receivable2 6,000
Intangible asset 7,000
Prepaid rent 14,000
Rent expense 51,000
Repair revenue 266,000
Repair supplies 13,100
Repair supplies expense 29,000
Truck 26,000
Unearned repair revenue 12,600
Vic Sopik, capital 74,900
Vic Sopik, withdrawals 49,000
Totals $ 457,250 $ 457,250


1$5,000 of the long-term note payable is due during the year ended March 31, 2021.
2$2,000 of the notes receivable will be collected by March 31, 2021.

Calculate each of the following:

b)property plant and equipment

c)intangible assets

d)non-current liabilities

e) non current investment

f) current liabilities

g total assets

total liabilities

total liabilities and equity

In: Accounting

Donald smith is a 37 year old white , fair skinned, blue eyed park ranger who...

Donald smith is a 37 year old white , fair skinned, blue eyed park ranger who enjoys fishing and skiing. He comes to the clinic for evaluation of a changing mole.

subjective data
*History of a mole on his left cheek from birth that has become hard, scaly and lumpy over the last 3 months
* father and sister treated for malignant melanoma in the last 10 years
* Anxious that the mole might be cancer and require surgery

objective data

* Has a 6mm nevus blue black in color, scalloped with vaguely defined borders
* Two dysplastic nevi found on neck

diagnostic studies

1. what risk factors for malignant melanoma does this client have ?
2. what is the prognosis with this stage of malignant melanoma?
3. what would the nurse include in a patient teaching plan to address further sun exposure to this patient?
4. what is the priority of care for this client?

In: Nursing

The left-field wall at a baseball park is 320 feet down the third-base line from home​...

The left-field wall at a baseball park is 320 feet down the third-base line from home​ plate; the wall itself is 38 feet high. A batted ball must clear the wall to be a home run. Suppose a ball leaves the​ bat, 3 feet off the​ ground, at an angle of 45degrees. Use gequals32 ​ft/sec squared as the acceleration due to gravity and ignore any air resistance. Complete parts​ (a) through​ (d). (a) Find parametric equations that model the position of the ball as a function of time. (b) What is the maximum height of the ball if it leaves the bat with a speed of 120 miles per​ hour? Give your answer in feet. ​(c) What is the​ ball's horizontal distance from home plate at its maximum​ height? Give your answer in feet. ​(d) If the ball is hit straight down the third-base​ line, will it clear the​ wall? If it​ does, by how many feet does it clear the​ wall?

In: Physics

Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service...

Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57 and Job K52 involve 15 acres of landscaped terrain, which will require special-order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December.

Raw materials were requisitioned from the company’s inventory on December 2 for $5,058; on December 8 for $1,056; and on December 14 for $3,459. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52.

Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $17.5 per hour. The time tickets were dated December 3, December 9, and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for J57 and the rest for K52.

The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,110 hours, and the anticipated overhead costs are $844,000 for the year. The machines were used by workers on projects K52 and J57 on December 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for J57 and 100 sprinkler heads for K52.

Additional job order activities during this period included:
Dec. 1 Purchased raw materials from Durbin Supply Company on account for $53,200.
Dec. 2 Issued $40,000 of direct materials from the company’s inventory to jobs other than K52 and J57 and $3,000 of indirect materials.
Dec. 12 Paid Waterways’ factory salaries and wages for $65,500.
Dec. 13 Paid the factory’s water bill of $8,900.
Dec. 18 Transferred $49,500 of costs from other completed jobs to finished goods.
Dec. 21 Paid the factory’s electric bill of $12,100 for Waterways’ factory.
Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12,000, prepaid insurance of $8,800, and accumulated depreciation of $16,100.
Set up the job cost sheets for Job No. J57 and Job No. K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, e.g. 12.25.)
Job No. J57 Job No. K52
Total Cost $ $
Unit Cost $ $
Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs that occurred during this period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.)

Date

Account Titles and Explanation

Debit

Credit

(To assign materials to jobs J57 & K52)

(To assign materials to jobs and overhead)

(To assign labor to jobs J57 & K52)

(To assign overhead to jobs J57 & K52)

(To assign labor to jobs J57 & K52)

(To assign overhead to jobs J57 & K52)

(To assign labor to jobs J57 & K52)

(To assign overhead to jobs J57 & K52)

(To record completion of jobs J57 & K52)
Assuming that Manufacturing Overhead has a debit balance of $3,600, determine whether overhead has been under/over applied and make the adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

In: Accounting

I often see many more women at the park exercising than I do men. Due to...

I often see many more women at the park exercising than I do men. Due to my observations, I believe that women exercise more often than men. In order to test my hypothesis, I asked 10 random men and 10 random women how many times they exercise a week. The men's answers were: 6, 2, 3, 1, 4, 3, 2, 7, 4, 2, and the women's were: 5, 4, 2, 4, 7, 6, 5, 6, 4, 3. Is there significant evidence to conclude that the average number of days exercised in a week for women is higher than that of men? Please calculate at a 95% Confidence Interval.

In: Statistics and Probability

Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service...

Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57 and Job K52 involve 15 acres of landscaped terrain, which will require special-order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December.

Raw materials were requisitioned from the company’s inventory on December 2 for $5,019; on December 8 for $1,059; and on December 14 for $3,459. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52.

Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $15.5 per hour. The time tickets were dated December 3, December 9, and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for J57 and the rest for K52.

The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,125 hours, and the anticipated overhead costs are $841,500 for the year. The machines were used by workers on projects K52 and J57 on December 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for J57 and 100 sprinkler heads for K52.

Additional job order activities during this period included:
Dec. 1 Purchased raw materials from Durbin Supply Company on account for $53,100.
Dec. 2 Issued $40,400 of direct materials from the company’s inventory to jobs other than K52 and J57 and $2,900 of indirect materials.
Dec. 12 Paid Waterways’ factory salaries and wages for $64,300.
Dec. 13 Paid the factory’s water bill of $9,000.
Dec. 18 Transferred $49,800 of costs from other completed jobs to finished goods.
Dec. 21 Paid the factory’s electric bill of $12,100 for Waterways’ factory.
Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,800, and accumulated depreciation of $16,000.

Set up the job cost sheets for Job No. J57 and Job No. K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, e.g. 12.25.)

Job No. J57 Job No. K52
Total Cost $ $
Unit Cost $ $

In: Accounting

You visit a national park with your friend one weekend. You encounter an old railroad tunnel...

You visit a national park with your friend one weekend. You encounter an old railroad tunnel which is very dark and you are not sure if the tunnel is blocked on the other end. You happen to have a frequency generator app on your cell phone frequency. You decide that to generate resonances in the tunnel with your app. You hear successive resonances at 55Hz, 57.5 Hz, 60Hz, 62.5 Hz …etc. (I) Can you use this information alone to determine if the tunnel opened or closed at the other end? (II) What is the length of the tunnel? (III) What is the maximum number of resonances you can produce in this tunnel between 50 Hz and 100 Hz?   Use 343.0 m/s for the speed of sound in air. (

In: Physics

Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service...

Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57 and Job K52 involve 15 acres of landscaped terrain, which will require special-order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December.

Raw materials were requisitioned from the company’s inventory on December 2 for $5,016; on December 8 for $1,050; and on December 14 for $3,444. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52.

Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $15.5 per hour. The time tickets were dated December 3, December 9, and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for J57 and the rest for K52.

The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,093 hours, and the anticipated overhead costs are $837,200 for the year. The machines were used by workers on projects K52 and J57 on December 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for J57 and 100 sprinkler heads for K52.

Additional job order activities during this period included:
Dec. 1 Purchased raw materials from Durbin Supply Company on account for $52,700.
Dec. 2 Issued $40,000 of direct materials from the company’s inventory to jobs other than K52 and J57 and $3,000 of indirect materials.
Dec. 12 Paid Waterways’ factory salaries and wages for $64,900.
Dec. 13 Paid the factory’s water bill of $8,900.
Dec. 18 Transferred $50,500 of costs from other completed jobs to finished goods.
Dec. 21 Paid the factory’s electric bill of $12,100 for Waterways’ factory.
Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12,100, prepaid insurance of $8,700, and accumulated depreciation of $16,000.

Set up the job cost sheets for Job No. J57 and Job No. K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, e.g. 12.25.)

Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs that occurred during this period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.)

Date

Account Titles and Explanation

Debit

Credit

Assuming that Manufacturing Overhead has a debit balance of $3,600, determine whether overhead has been under/over applied and make the adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

In: Accounting

41-Quay, the owner of RV Park, trusts Sara to manage the resort’s daily cash flow. One...

41-Quay, the owner of RV Park, trusts Sara to manage the resort’s daily cash flow. One night, without Quay’s knowledge or consent, Sara takes and keeps $1,000 from the receipts. This is most likely

a.

embezzlement.

b.

no crime.

c.

robbery.

d.

larceny.

42-Olinda, an employee of People’s Bank, deposits into her account checks entrusted to the bank through its ATM system by customers to deposit into their accounts. This is

a.

embezzlement.

b.

robbery.

c.

wire fraud.

d.

larceny.

43-Franny is charged with a crime. Almost all federal courts and some state courts would not hold Franny liable if, at the time of the offense, as a result of a mental disease or defect, she lacked substantial capacity to obey the law and to appreciate

a.

the wrongfulness of her conduct.

b.

the power of the police.

c.

the fruits of her crime.

d.

the authority of the court.

44-Quint, an employee of Reservations Inc. pays Sienna, an employee of Reservations’ competitor Travel Inc., for a list of Travel’s clients. This is most likely

a.

bribery of a public official.

b.

no crime.

c.

commercial bribery.

d.

bribery of a foreign official.

45-Lloyd is accused of a crime. Evidence of his allegedly criminal activities can be excluded from a trial

a.

if the evidence will be used to prosecute him.

b.

if the evidence is “fruit of the poisonous tree.”

c.

under no circumstances.

d.

if the police do not promise to keep the evidence confidential.

In: Accounting

Park Company reported the following in the statement of shareholders’ equity at 1/1/18: Common stock, $5...

Park Company reported the following in the statement of shareholders’ equity at 1/1/18:

Common stock, $5 par value, authorized 200,000 shares,

      issued 100,000                                                                              $   500,000

Additional paid-in capital 1,500,000

Retained earnings 516,000

                                                                                                            $2,516,000

Less:  treasury stock, at cost, 5,000 shares (40,000)

Total shareholders’ equity $2,476,000

The following events occurred in 2018:

       3/1       1,000 shares of treasury stock were sold for $10,000

6/15     A 30% stock dividend was declared when the market value of the stock was $11.  The shares will be distributed on 7/31 to holders of record on 7/1.

       9/9      9,000 of previously unissued common stock sold for $12 per share.

      10/1     A 2-for-1 stock split resulted in the common stock’s par value being halved.

12/15   A cash dividend of $.50 per share was declared.

12/31   Net income for 2018 was $473,500.

Required:  

Prepare the journal entries required for the 2018 events affecting equity.

Prepare the equity section of the balance sheet at 12/31/18.

Show all formulas explaining how you derived to your answer

In: Accounting