You are the accountant of Seton Enterprises Ltd. You have obtained the following data from the company’s accounting records for the year ended 30 June 2016:

Factory overhead is applied at the rate of 240% of direct labor cost.

Required:

1. Prepare the cost of goods manufactured statement for the year ended 30 June 2016.
2. Show the presentation of the cost of sales calculation as it would appear on the company’s income statement for the year ended 30 June 2016.
3. Calculate the company’s Gross profit for the year ended 30 June 2016.

Do not copy from Chegg, otherwise, I have to report the answer.

Here are the salaries for a sample of professors in a mathematics department at a large midwestern university for the academic years 2014–2015 and 2015–2016.

(a)

Construct a scatterplot with the 2015–2016 salaries on the vertical axis and the 2014–2015 salaries on the horizontal axis.

(b)

Comment on the form, direction, and strength of the relationship in your scatterplot.

The form of the scatterplot is  ---Select--- nonlinear linear , the direction is  ---Select--- negative positive , and the strength is  ---Select--- weak strong .

(c)

What proportion of the variation in 2015–2016 salaries is explained by 2014–2015 salaries? (Round your answer to four decimal places.)

Code is only reading the last line from the text files. How would I resolve? This is for the Name Search problem in Starting out with Python book. def main(): #open a file for reading infile = open('GirlNames.txt' , 'r') #Read the contents into a list Girls = infile.readlines() #open another file for reading infile = open('BoyNames.txt', 'r') #Read the contents into a lits Boys = infile.readlines() #Get a name to search for Name = input('Enter a name: ') #Determine if name is in list if Name in Girls or Name in Boys: print( Name, "is one of the popular names.") else: print(Name, "was not found in the list.") main()

Problems:

The Diamond Glitter Company is in the process of preparing its financial statements for 2016. Assume that no entries for depreciation have been recorded in 2016. The following information related to depreciation of fixed assets is provided to you.

1. The company purchased equipment on January 2, 2013, for $165000. At that time, the equipment had an estimated useful life of 7 years with a $25000 salvage value. The equipment is depreciated on a straight-line basis. On January 2, 2016, as a result of additional information, the company determined that the equipment has a remaining useful life of 3 years with a $15000 salvage value.

2. During 2016, the company changed from the double-declining-balance method for its building to the straight-line method. The building originally cost $625000. It had a useful life of 10 years and a salvage value of $50000. The following computations present depreciation on both bases for 2014 and 2015. 2015 2014 Straight-line $ 57,500 $ 57,500 Declining-balance $ 92,000 $ 115,000

3. The company purchased a machine on July 1, 2014, at a cost of $450000. The machine has a salvage value of $25000 and a useful life of 10 years. The company's bookkeeper recorded straight-line depreciation in 2014 and 2015 but failed to consider the salvage value. Ignore Tax effect.

4. The company has failed to accrue sales commissions payable at the end of each of the last 2 years, as follows. December 31, 2015 $ 5,400 December 31, 2016 $ 4,600

5. In reviewing the December 31, 2015, inventory, the company discovered errors in its inventory-taking procedures that have caused inventories for the last 3 years to be incorrect, as follows. The company has already made an entry that established the incorrect December 31, 2016, inventory amount.

December 31, 2014 Understated $ 32,000

December 31, 2015 Understated $ 51,000

December 31, 2016 Overstated $ 9,500

6. At December 31, 2016, the company decided to change to the straight-line depreciation method on its retail display equipment from double-declining-balance. The equipment had an original cost of $250000 when purchased on January 1, 2015. It has a salvage value of 0 and a 8-year useful life. Depreciation expense recorded prior to 2016 under the double-declining-balance method was $62,500. The company has already recorded 2016 depreciation expense of $46,875 using the double-declining-balance method.

7. Before the current year, the company accounted for its income from long-term construction contracts on the completed-contract basis. Early this year, the company changed to the percentage-of-completion basis for accounting purposes, but continues to use the completed-contract method for tax purposes. Income for the current year has been recorded using the new method. Prior year tax effects must be considered. The following information is available.

Pretax Income

              Percentage-of-Completion      Completed-Contract

Prior to 2016       $320,000                        $180,000

2016                     $140,000                       $120,000

Required:

Prepare the journal entries necessary at December 31, 2016 to record the corrections and changes made to date related to the information provided. The books are still open for 2016. The income tax rate is 35%. The company has not yet recorded its 2016 income tax expense and payable amounts so current-year tax effects may be ignored.

Let T∈ L(V), and let p ∈ P(F) be a polynomial. Show that if p(λ) is an eigenvalue of p(T), then λ is an eigenvalue of T. Under the additional assumption that V is a complex vector space, and conclude that {μ | λ an eigenvalue of p(T)} = {p(λ) | λan eigenvalue of T}.

Infrared absorption by CO gives rise to an R branch from v = 0. What is the wavenumber of the line originating from the rotational state with J = 2? Assume v = 0 to 1 transition. The rotational constant is 1.92252 cm^-1. Ignore centrifugal distortion. Please show all work.

Infrared absorption by CO gives rise to an R branch from v = 0. What is the wavenumber of the line originating from the rotational state with J = 2? Assume v = 0 to 1 transition. The rotational constant is 1.92252 cm^-1. Ignore centrifugal distortion. Please show all work.

ll B, moving in the positive direction of an x axis at speed v, collides with stationary ball A at the origin. A and B have different masses. After the collision, B moves in the negative direction of the y axis at speed v/3. In what direction does A move, as an angle with respect to the x axis?

3. Consider the Phillips curve: Π = EΠ - B(u - uⁿ) + v

   Π = inflation           EΠ =expected inflation        v=supply shock

      u=unemployment rate     u^N=natural unemployment rate

Explain the effect on the Phillips curve and the Phillips curve tradeoff due to the Covid 19 virus.