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In: Accounting
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
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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
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SCOBIE COMPANY |
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Statement of Retained Earnings |
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For Year Ended December 31, 2016 |
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1 |
Retained Earnings, as Previously Reported, January 1, 2016 |
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Prior Period Adjustments: |
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Correction of Overstatement in 2015 Depreciation |
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Correction of Understatement in 2015 Interest |
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Adjusted Retained Earnings, January 1, 2016 |
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Add: Net income |
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Less: Cash Dividends |
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Retained Earnings, December 31, 2016 |
In: Accounting
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 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. 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 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. Louis Encephalitis, but it was later determined that it was actually ________.
In New York City, health officials discovered that the mosquitos were the _________, or delivery agent that helped spread the West Nile Virus
In epidemiology, there are three important questions that all epidemiologists will ask. What are they?
What was the notifiable disease mentioned in the class lecture?
The AIDS epidemic in the United States can be traced back to 1981 when what rare cancer was seen in homosexuals?
All of the following are examples of epidemiological studies except:
This condition was discovered in July 1976 at an American Legion 4-day convention held in Philadelphia.
In: Nursing
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 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 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