Questions
Problem 10-42A (Part Level Submission) Kurian Industries' balance sheet at December 31, 2015, is presented below....

Problem 10-42A (Part Level Submission)

Kurian Industries' balance sheet at December 31, 2015, is presented below.
KURIAN INDUSTRIES
Balance Sheet
December 31, 2015
Assets
Current assets
    Cash $7,600
    Accounts receivable 82,000
    Finished goods inventory (2,200 units) 30,100
    Total current assets 119,700
Equipment $40,300
Less: Accumulated depreciation 10,700 29,600
        Total assets $149,300
Liabilities and Shareholders' Equity
Liabilities
    Notes payable $25,500
    Accounts payable 45,100
    Total liabilities 70,600
Shareholders’ equity
    Common stock $49,900
    Retained earnings 28,800
        Total shareholders’ equity 78,700
          Total liabilities and shareholders’ equity $149,300

Budgeted data for the year 2016 include the following.

Q4 of 2016

Year 2016 Total
Sales budget (8,500 units at $38) $96,900 $323,000
Direct materials used 17,400 69,600
Direct labor 12,900 55,500
Manufacturing overhead applied 10,800 72,300
Selling and administrative expenses 18,200 76,200

To meet sales requirements and to have 3,100 units of finished goods on hand at December 31, 2016, the production budget shows 9,400 required units of output. The total unit cost of production is expected to be $21. Kurian Industries uses the first-in, first-out (FIFO) inventory costing method. Selling and administrative expenses include $4,300 for depreciation on equipment. The company expects interest expense to be $3,800 for the year and income taxes to be 40% of income before income taxes.

All sales and purchases are on account. The company expects to collect 60% of the quarterly sales in cash within the quarter and the remainder in the following quarter. It pays direct materials purchased from suppliers 50% in the quarter incurred and the remainder in the following quarter. Purchases in the fourth quarter were the same as the materials used. In 2016, the company expects to purchase additional equipment costing $17,700. It expects to pay $8,100 on notes payable plus all interest due and payable to December 31 (included in interest expense $3,800, above). Accounts payable at December 31, 2016, includes amounts due to suppliers (see above) plus other accounts payable of $5,200. In 2016, the company expects to declare and pay a $5,300 cash dividend. Unpaid income taxes at December 31 will be $9,672. The company's cash budget shows an expected cash balance of $15,872 at December 31, 2016.

Prepare a budgeted income statement for 2016. In preparing the income statement, you will need to calculate the cost of goods manufactured (materials + labour + overhead) and finished goods inventory (December 31, 2016). (Round answers to 0 decimal places, e.g. 125.)

Prepare a budgeted cost of goods sold statement for 2016.

In: Accounting

Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its...

Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on December 31, 2016, Scobie found it had made the following material errors, for both financial reporting and income tax reporting, during 2015.

1. Depreciation expense of $15,000 inadvertently had been recorded twice for the same machine.
2. No accrual had been made at year-end for interest; therefore, interest expense had been understated by $4,000.

Scobie’s net income after taxes during 2016 was $60,000. The company has been subject to a 30% income tax rate for the past several years. It declared and paid dividends of $13,000 during 2016.

Required:

1. Prepare whatever journal entries in 2016 are necessary to correct Scobie’s books for its previous errors. Make your corrections directly to the Retained Earnings account.
2. Prepare the statement of retained earnings for 2016.

General Journal

Shaded cells have feedback.

Prepare whatever journal entries are necessary to correct Scobie’s books for its previous errors. Make your corrections directly to the Retained Earnings account on December 31. Additional Instructions

How does grading work?

PAGE 1

GENERAL JOURNAL

Score: 82/101

DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT

1

2

3

4

5

6

7

8

Points:

16.24 / 20

Feedback

Check My Work

To correct a prior period that has been closed, adjust the book values of the assets and liabilities so that their balances reflect the correct amounts. An offsetting adjustment is made to Retained Earnings for the cumulative effect of the adjustments for prior periods. In this problem you are instructed to record two entries rather than a compound entry so your journal should contain four entries for this problem.

Balance Sheet

Shaded cells have feedback.

Prepare Scobie Company’s Statement of Retained Earnings for the year ended December 31, 2016. Additional Instructions

Score: 4/31

SCOBIE COMPANY

Statement of Retained Earnings

For Year Ended December 31, 2016

1

Retained Earnings, as Previously Reported, January 1, 2016

2

Prior Period Adjustments:

3

Correction of Overstatement in 2015 Depreciation

4

Correction of Understatement in 2015 Interest

5

Adjusted Retained Earnings, January 1, 2016

6

Add: Net income

7

8

Less: Cash Dividends

9

Retained Earnings, December 31, 2016

In: Accounting

This question concerns writing a Student class to model a student's name, composed of a first...

This question concerns writing a Student class to model a student's name, composed
of a first name, middle name and last name. The Student class should meet the
following specification:

Class Student
A Student object represents a student. A student has a first name, middle name and last
name.
Methods
public void setNames(String first, String middle, String last)
// Set the first, middle and last names of this Student object.
public String getFullName()
// Obtain the full name of this Student with the middle name converted to an initial only.


2
Thinking of the problem in terms of testing, there are three requirements that must be
met:
1. The setNames() method sets the names stored in the object i.e. the values of
firstName, middleName, lastName.
2. The getFullName() method obtains the name of the student with the middle name
converted to an initial only.
3. The getFullName() method does not change anything – i.e. it does not modify the
values of firstName, middleName, lastName
HINT: To start your Student class, we suggest using the following instance variables:
Instance variables
private String firstName;
private String middleName;
private String lastName;
In order to test the requirement above create a java class called StudentTest that allows
the user to enter the first name, middle name and last name. These values must be set
using the created set meothod and afterwards displays the information back to the
console, however the Middle name is an initial ONLY

In: Computer Science

1. The Scientific Method is a linear list of steps that begins with making observations and...

1. The Scientific Method is a linear list of steps that begins with making observations and developing a hypothesis and ends with either proving or rejecting one’s hypothesis based on experimental evidence.

True

False

2. Scientific discoveries are often the result of collaboration between several researchers.

True

False

3. Which of the following is a testable hypothesis?

- Flamingos stand on one.

-Does a sunflower grow taller when exposed to 6 hours of sunlight a day or 8 hours of sunlight a day?

- Children who get exercise 30 min./day, 5 days a week are 3x less likely to become obese than those children who receive no exercise over the same 5-day period.

- If chickens lay eggs, then do all birds lay eggs?

4. Consider the following experimental design:
Hypothesis: Increasing levels of nitrogen in the soil leads to retarded growth (i.e., shorter height) of Kentucky Bluegrass

Experiment:
1. Pure Kentucky Bluegrass grass seed will be planted and grown in a Greenhouse under identical conditions (e.g., same amount of water, same amount of sunlight, same temp., etc.).
2. Once the grass is one week old, nitrogen pellets will be added to the soil in varying quantities (as shown in the table below).
3. Plant height will be recorded over a 6-week period.
4. Average grass height will be calculated for each group.

Group #1 (20 pots) #2 (20 pots) #3 (20 pots) #4 (20 pots)
Treatment 5 nitrogen pellets 10 nitrogen pellets 15 nitrogen pellets 20 nitrogen pellets

What was the dependent variable in this experiment?

Group of answer choices

- Number of nitrogen pellets added in each group

- Number of groups

- Average height of Kentucky Bluegrass plants in each group

- There is no dependent variable in the above experiment

5. For the same experiment as the preceding question (Kentucky bluegrass), what was the independent variable?

Group of answer choices

- Identical conditions (e.g., same amount of water, same amount of sunlight…)

-Number of nitrogen pellets added in each group

-Average height of Kentucky Bluegrass plants in each group

- Six

For the same experiment as the preceding two questions (Kentucky Bluegrass), the researchers conclude that increased nitrogen pellets lead to taller Kentucky Bluegrass. Is this a well-supported conclusion?

Group of answer choices

- No, because the experiment lacked a control group

- No, because the experiment lacked a dependent variable

- Yes, because the data clearly shows that increasing the number of nitrogen pellets increases the height of the grass.

In: Biology

ANDS Bookstore is a bookstore that has been serving in Ankara Bookstore Bazaar for many years....

ANDS Bookstore is a bookstore that has been serving in Ankara Bookstore Bazaar for many years. A serious decrease has been observed in the sales of the bookstore especially in the last 5 years. When the bookstore owners investigated the reasons for this, it came to the conclusion that young readers, who make up the majority of their customers, now prefer to shop online. As a result, ANDS Bookstore decided to sell its books on the internet and created a shopping site for it. When the customer enters the website, s/he uses her/his username and password to log in to the system. If the incoming customer comes to the system for the first time, a new customer record is created by obtaining the necessary information. This information; name, surname, e-mail, username (created by the customer), password (created by the customer) date of birth, address, telephone, book types of interest. The book title, author, page number, type, price, publishing house, from which supplier the book was purchased and the amount of stock are kept. The book/s information that the customer wants to order is received and the customer order is recorded. A check is made on the stock status of the incoming order. For stock control, current book stock information comes and stock inquiry is done. As a result of the stock inquiry, if the ordered book/s are not in stock, purchases are made from the supplier. For this, product request information is sent to the supplier using the supplier information. After the sales information from the supplier, the new quantity and price information of the books are updated. If the ordered book/s are in stock, the order information and payment amount are calculated. The order is confirmed with the payment amount information and the payment information received from the customer. Payment information includes payment type (transfer / EFT, pay at the door, credit card, installments etc.) and prices. (The prices for each type of payment must be different.) Orders are prepared with this confirmation information and the cargo tracking number is also received from the contracted cargo company and sent to the customer. The information about the cargo company must include the company name, shipping fee (different prices should be given according to the cargo company), information about whether the cargo has been delivered and the date of delivery of the cargo if the cargo has been delivered. After the order is delivered to the customer, satisfaction information is received from the customer and the feedbacks are kept. ANDS Bookstore needs a database for following purposes: 1. Store information of customers, books, suppliers, cargo companies, payment and order. 2. Perform customer registration and track membership statuses. 3. The book information that the customer wants to order is received. Order is recorded according to the customer's username. 4. Inventory inquiry is made for the incoming order. 5. If the ordered book is out of stock, purchases are made from existing suppliers. 6. The prices and quantities of the books are updated along with the sales and quantity information from the supplier. 7. If the ordered book is available in stock, order information and payment amount are calculated. 8. The order is confirmed with the payment amount information and the payment information received from the customer. 9. With this confirmation information, orders are prepared and the cargo tracking number is also received from the contracted cargo company and sent to the customer. 10. All data should be entered manually with user forms. 11. Prepare queries for the following questions: (The results of the following queries should be presented in report format with a user interface). a) Display the total number of books ordered by customers b) List the name of books with stock quantity below 10 c) Create a status report showing whether cargoes have been delivered d) List orders with payment amounts over 100 liras with their customer names e) List the types of books types and how many books they contain f) List the names, surnames and emails of customers who have ordered 2 or more times. g) List the number of payment types preferred and the earnings from payments. h) List the percentage of books sold for each category in descending order

I. User interface design on paper. II. Use cases III. ER diagram IV. Tables (3NF) V. Queries

In: Computer Science

Create the logic for a program that stores 5 names in an array. Your program will...

Create the logic for a program that stores 5 names in an array.

Your program will then ask the user which name (s)he wants to search. The program receives the name to be searched as input and searches the array for the name entered.

If the name is one of the names in the array, display the message "Name found.". Otherwise, display the message "Name not found.".

in pseudocode please in python

In: Computer Science

An outbreak of this disease in New York City in 1999 was originally diagnosed as St....

  1. An outbreak of this disease in New York City in 1999 was originally diagnosed as St. Louis Encephalitis, but it was later determined that it was actually ________.

    • Lyme Disease
    • Legionnaires Disease
    • West Nile Virus
    • Western Equine Encephalitis
  2. In New York City, health officials discovered that the mosquitos were the _________, or delivery agent that helped spread the West Nile Virus

    • fomite
    • host
    • prion
    • vector
  3. In epidemiology, there are three important questions that all epidemiologists will ask. What are they?

    • who, what, and when
    • who, when, and where
    • what, when, and where
    • who, what, and where
  4. What was the notifiable disease mentioned in the class lecture?

    • diabetes
    • hepatitis A
    • heart disease
    • COPD
  5. The AIDS epidemic in the United States can be traced back to 1981 when what rare cancer was seen in homosexuals?

    • Ewing’s Sarcoma
    • Kaposi’s Sarcoma
    • Osteosarcoma
    • Fibrosarcoma
  6. All of the following are examples of epidemiological studies except:

    • cohort study
    • traditional study
    • case control study
    • intervention study
  7. This condition was discovered in July 1976 at an American Legion 4-day convention held in Philadelphia.

    • Lyme Disease
    • Legionnaires Disease
    • Leprosy
    • Leishmaniosis

In: Nursing

Explain the possible correclation where both perpetrators and victims of violent crimes are likely to have...

Explain the possible correclation where both perpetrators and victims of violent crimes are likely to have consumed alcohol prior to certain aggressive acts, such as rape, assault, domestic violence, and murder (Collins and Messerschmidt 1993; Arseneault et al.2000; Cunradi et al. 1999; Scott et al. 1999).

ARSENEAULT, L.; MOFFITT, T.E.; CASPI, A.; TAYLOR, P.J.; AND SILVA, P.A. Mental disorders and violence in a total birth cohort: Results from the Dunedin Study. Archives of General Psychiatry 57:979–986, 2000.

COLLINS, J.J., AND MESSERSCHMIDT, M.A. Epidemiology of alcohol-related violence. Alcohol Health & Research World 17:93–100, 1993.

CUNRADI, C.B.; CAETANO, R.; CLARK, C.L.; AND SCHAFER, J. Alcohol-related problems and inti mate partner violence among white, black, and Hispanic couples in the U.S. Alcoholism: Clinical and Experimental Research 23:1492–1501, 1999.

SCOTT, K.D.; SCHAFER, J.; AND GREENFIELD, T.K. The role of alcohol in physical assault perpetration and victimization. Journal of Studies on Alcohol 60:528–536, 1999.

In: Psychology

BOXPLOT & WHISKERS Student ID Score pre training Score post training Scenario: 102 50 75 You...

BOXPLOT & WHISKERS
Student ID Score pre training Score post training Scenario:
102 50 75 You work for the Medical Center's Corporate Education Department. You developed a new  
442 60 75 leadership program as part of the Center's succession plan. You had your first cohort of
325 65 85 managers successfully complete the training program. Each participant completed pre-
154 75 90 assessment before starting the classroom instruction and a post-assessment following the
114 80 95 completion of the program. You are expected to prepare a BOXPLOT & WHISKER diagram for
178 40 75 each group of data (score before training & score post training).
165 60 80
520 90 90 Please provide your interpretation of the results. For example, you might want to compare
220 80 85 the two diagrams and point out the similarties and differences. You may want to share some  
335 60 85 relevant descriptive statistics about the two groups of data.

In: Statistics and Probability

Several companies have done a poor monitoring of the social aspects of the external environment. This...

Several companies have done a poor monitoring of the social aspects of the external environment. This meant that their strategies did not fit the needs of the market, and hence they failed. This is most noticeable among firms who market to Generation Y. This target group consists of customers who range in age from 5 to 20. Dubbed Gen Y" this cohort presented a big challenge to marketers such as Levi Strauss, Nike and Pepsi because of their unique tastes and perceptions of product quality and advertising themes.

Companies that succeeded in reaching Generation Y customers accurately sensed the unique needs of this market. For example, Lee Apparel (a competitor of Levi Strauss) introduced a special line of oversized, multipocketed pants aimed at 10-14 year old boys. This unique product was marketed on the internet, outdoor posters, and skateboard magazines. By carefully customizing their marketing, successful companies (such as Coca-Cola, Tommy Hilfiger, and Motorola) penetrated a market which was seen as impregnable by others.

While it is difficult to accurately forecast social changes, how can firms best factor these changes into their strategies in order to be successful?

In: Operations Management