how did the 2008-2010 recession impact the CIT group in the micro and macro economic levels? what were the managerial decisions taken after the recession in order to bounce back?
In: Economics
Think of an innovation in health that has either been successfully diffused or one that has not.
In: Nursing
Innovation activities differ between startups and IBM, or do they? Discuss innovation activities that are better suited for small firms and large firms. What innovation activity would allow a small firm to outperform a multinational firm?
In: Operations Management
The ledger of Pronghorn Corp at December 31, 2022, after the
books have been closed, contains the following stockholders’ equity
accounts.
| Preferred Stock (11,200 shares issued) | $1,153,600 | |
| Common Stock (302,000 shares issued) | 2,114,000 | |
| Paid-in Capital in Excess of Par Value—Preferred Stock | 165,000 | |
| Paid-in Capital in Excess of Stated Value—Common Stock | 1,620,000 | |
| Retained Earnings | 2,710,500 |
A review of the accounting records reveals this
information:
| 1. | Preferred stock is 9%, $103 par value, noncumulative. Since January 1, 2021, 11,200 shares have been outstanding; 22,400 shares are authorized. | |
| 2. | Common stock is no-par with a stated value of $7 per share; 604,000 shares are authorized. | |
| 3. | The January 1, 2022, balance in Retained Earnings was $2,282,000. | |
| 4. | On October 1, 69,000 shares of common stock were sold for cash at $10 per share. | |
| 5. | A cash dividend of $392,500 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to preferred stockholders in 2021. | |
| 6. | Net income for the year was $821,000. | |
| 7. | On December 31, 2022, the directors authorized disclosure of a $162,000 restriction of retained earnings for plant expansion. (Use Note A.) |
Prepare the stockholders’ equity section of the balance sheet at December 31.
In: Accounting
In: Nursing
The Ivanhoe Hotel opened for business on May 1, 2022. Here is
its trial balance before adjustment on May 31.
| IVANHOE
HOTEL Trial Balance May 31, 2022 |
||||||
|---|---|---|---|---|---|---|
|
Debit |
Credit |
|||||
|
Cash |
$ 2,613 | |||||
|
Supplies |
2,600 | |||||
|
Prepaid Insurance |
1,800 | |||||
|
Land |
15,113 | |||||
|
Buildings |
70,000 | |||||
|
Equipment |
16,800 | |||||
|
Accounts Payable |
$ 4,813 | |||||
|
Unearned Rent Revenue |
3,300 | |||||
|
Mortgage Payable |
36,000 | |||||
|
Common Stock |
60,113 | |||||
|
Rent Revenue |
9,000 | |||||
|
Salaries and Wages Expense |
3,000 | |||||
|
Utilities Expense |
800 | |||||
|
Advertising Expense |
500 |
|||||
|
$113,226 |
$113,226 |
|||||
Other data:
| 1. | Insurance expires at the rate of $360 per month. | |
| 2. | A count of supplies shows $1,180 of unused supplies on May 31. | |
| 3. | (a) Annual depreciation is $2,760 on the building. | |
| (b) Annual depreciation is $2,160 on equipment. | ||
| 4. | The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) | |
| 5. | Unearned rent of $2,670 has been earned. | |
| 6. | Salaries of $710 are accrued and unpaid at May 31. |
A. Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.)
B. Prepare an income statement for the month of May.
C. Prepare a retained earnings statement for the month of May.
D. Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment .)
E. Identify which accounts should be closed on May 31.
|
Cash |
select an option ClosedNot Closed | |
|---|---|---|
|
Supplies |
select an option ClosedNot Closed | |
|
Prepaid Insurance |
select an option ClosedNot Closed | |
|
Land |
select an option ClosedNot Closed | |
|
Buildings |
select an option ClosedNot Closed | |
|
Equipment |
select an option ClosedNot Closed | |
|
Accounts Payable |
select an option ClosedNot Closed | |
|
Unearned Rent Revenue |
select an option ClosedNot Closed | |
|
Mortgage Payable |
select an option ClosedNot Closed | |
|
Common Stock |
select an option ClosedNot Closed | |
|
Rent Revenue |
select an option ClosedNot Closed | |
|
Salaries and Wages Expense |
select an option ClosedNot Closed | |
|
Utilities Expense |
select an option ClosedNot Closed | |
|
Advertising Expense |
select an option ClosedNot Closed | |
|
Interest Expense |
select an option ClosedNot Closed | |
|
Insurance Expense |
select an option ClosedNot Closed | |
|
Supplies Expense |
select an option ClosedNot Closed | |
|
Depreciation Expense |
select an option ClosedNot Closed |
In: Accounting
Summarize the differences between architectural and detailed design. Discuss the importance of requirements specification in the detailed design to the programmer that will create code to the specification.
In: Computer Science
In 2018, internal auditors discovered that PKE Displays, Inc., had debited an expense account for the $360,000 cost of equipment purchased on January 1, 2015. The equipment’s life was expected to be five years with no residual value. Straight-line depreciation is used by PKE. Required: 1. Prepare the correcting entry assuming the error was discovered in 2018 before the adjusting and closing entries. (Ignore income taxes.) 2. Assume the error was discovered in 2020 after the 2019 financial statements are issued. Prepare the correcting entry.
In: Accounting
After the 2010 earthquake in Haiti, many charitable
organizations conducted fundraising campaigns to raise money for
emergency relief. Some of these campaigns allowed people to donate
by sending a text message using a cell phone to have the donated
amount added to their cell-phone bill. The report "Early Signals on
Mobile Philanthropy: Is Haiti the Tipping Point?" (Edge Research,
2010) describes the results of a national survey of 1526 people
that investigated the ways in which people made donations to the
Haiti relief effort.
The report states that 17% of Gen Y respondents (those born between
1980 and 1988) and 14% of Gen X respondents (those born between
1968 and 1979) said that they had made a donation to the Haiti
relief effort via text message. The percentage making a donation
via text message was much lower for older respondents. The report
did not say how many respondents were in the Gen Y and Gen X
samples, but for purposes of this exercise, suppose that both
sample sizes were 400 and that it is reasonable to regard the
samples as representative of the Gen Y and Gen X populations.
(a) Is there convincing evidence that the proportion of those in Gen Y who donated to Haiti relief via text message is greater than the proportion for Gen X? Use
α = 0.01.
(Use a statistical computer package to calculate the P-value. Use pY − pX. Round your test statistic to two decimal places and your P-value to three decimal places.)
| z | = |
| P-value | = |
State your conclusion.
We fail to reject H0. We have convincing evidence that the proportion of those in Gen Y who donated to Haiti relief via text message is greater than the proportion of those in Gen X.We reject H0. We don't have convincing evidence that the proportion of those in Gen Y who donated to Haiti relief via text message is greater than the proportion of those in Gen X. We fail to reject H0. We don't have convincing evidence that the proportion of those in Gen Y who donated to Haiti relief via text message is greater than the proportion of those in Gen X.We reject H0. We have convincing evidence that the proportion of those in Gen Y who donated to Haiti relief via text message is greater than the proportion of those in Gen X.
(b) Estimate the difference between the proportion of Gen Y and the
proportion of Gen X that made a donation via text message using a
99% confidence interval. (Round your answers to three decimal
places.)
( , )
Provide an interpretation of the interval.
We are 99% confident that the true difference between the proportion of Gen Y and the proportion of Gen X who made a donation via text message is between these two values.
We are 99% confident that the true difference between the proportion of Gen Y and the proportion of Gen X who made a donation via text message is directly in the middle of these two values.
We are 99% confident that the true proportion of Gen X is between these two values.
We are 99% confident that the true proportion of Gen Y is between these two values.
We are 99% confident that the true proportion of Gen Y is directly in the middle of these two values.
Provide an interpretation of the associated confidence level.
In repeated sampling with a sample size of 400, 99% of the resulting confidence intervals would contain the true proportion of Gen X who donated via text message.
In repeated sampling with any sample size, 99% of the resulting confidence intervals would contain the true difference in proportions who donated via text message.
In repeated sampling with a sample size of 400, 99% of the resulting confidence intervals would contain the true proportion of Gen Y who donated via text message.
In repeated sampling with a sample size of 400, 99% of the resulting confidence intervals would contain the true difference in proportions who donated via text message
In repeated sampling with any sample size, 99% of the resulting confidence intervals would contain the true proportion of Gen X who donated via text message.
In: Statistics and Probability
a) Draw and label your own circuit diagram using standard schematic symbols for a circuit with a 12 V battery, a 15 ohm resistor, a 400 mH inductor, and a switch, all in series.
b) Write a diffferential equation (in the form of a loop equation) describing the behavior of this circuit after the switch is closed.
c) The switch is first closed at time t = 0. Write down an equation for current in the circuit as a function of time.
d) Use integration to find the total amount of heat that has been dissipated in the resistor from t = 0, when the switch was closed, until t = 0.040 seconds
e) What is the energy stored in the inductor after 0.040 seconds have elapsed since closing the switch?
f) What is the total work done by the battery between t = 0 and t = 0.040 seconds?
In: Physics