Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
| Transactions | ||
| Oct. | 1 | Paid rent for the month, $2,100. |
| 3 | Paid advertising expense, $650. | |
| 5 | Paid cash for supplies, $1,350. | |
| 6 | Purchased office equipment on account, $9,300. | |
| 10 | Received cash from customers on account, $15,600. | |
| 15 | Paid creditors on account, $3,360. | |
| 27 | Paid cash for miscellaneous expenses, $500. | |
| 30 | Paid telephone bill (utility expense) for the month, $300. | |
| 31 | Fees earned and billed to customers for the month, $51,230. | |
| 31 | Paid electricity bill (utility expense) for the month, $840. | |
| 31 | Withdrew cash for personal use, $1,650. | |
Journalize the above selected transactions for October 2019 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles.
Journalize the above selected transactions for October 2019 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles.
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In: Accounting
Given the following timed data, convert mL 0.04 M NaOH to concentration of HCl, [HCl]t, in 10 mL aliquots of the reaction of t-butyl chloride in isopropanol/water. Then convert [HCl]t to concentration of t-butyl chloride, [RX]t. Using a program such as Microsoft Excel, plot (Scatter Chart) time versus natural log of concentration of t-butyl chloride at time zero over concentration of t-butyl chloride at each time, ln([RX]0/[RX]t). Determine the slope of your plot as instructed in this video. The slope is the rate constant of first order kinetics as given by equation 20.2 of your text. This is equivalent to Figure 20.1 of your text but we don't have to use the factor 2.303, ln(10), because we are using natural versus base 10 logs. Before the advent of calculators, people actually used tables to look up log10 values! Hint: [RX]0 = ? so that [RX]t = [RX]0 - [HCl]t which is the equation at the bottom of page 322 of your text?
| run | time (min) | mL 0.04 M NaOH | [HCl]t | [RX]t | ln([RX]0/[RX]t) | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 9 | 3 | ||||||||
| 2 | 22 | 4 | ||||||||
| 3 | 34 | 8 | ||||||||
| 4 | 49 | 13 | ||||||||
| 5 | 74 | 14 | ||||||||
| 6 | 104 | 17 | ||||||||
| 7 | infinity | 27 |
Give only 2 significant digits without units or any other symbol. Do not use scientific notation!
Answer:
In: Chemistry
The following is the post-closing trial balance for the Whitlow
Manufacturing Corporation as of December 31, 2020.
| Account Title | Debits | Credits | ||||
| Cash | 5,800 | |||||
| Accounts receivable | 2,800 | |||||
| Inventory | 5,800 | |||||
| Equipment | 11,800 | |||||
| Accumulated depreciation | 4,300 | |||||
| Accounts payable | 3,800 | |||||
| Accrued liabilities | 0 | |||||
| Common stock | 10,000 | |||||
| Retained earnings | 8,100 | |||||
| Sales revenue | 0 | |||||
| Cost of goods sold | 0 | |||||
| Salaries expense | 0 | |||||
| Rent expense | 0 | |||||
| Advertising expense | 0 | |||||
| Totals | 26,200 | 26,200 | ||||
The following transactions occurred during January 2021:
| Jan. | 1 | Sold merchandise for cash, $4,300. The cost of the merchandise was $2,800. The company uses the perpetual inventory system. | ||
| 2 | Purchased equipment on account for $6,300 from the Strong Company. | |||
| 4 | Received a $100 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. | |||
| 8 | Sold merchandise on account for $5,800. The cost of the merchandise was $3,600. | |||
| 10 | Purchased merchandise on account for $9,900. | |||
| 13 | Purchased equipment for cash, $700. | |||
| 16 | Paid the entire amount due to the Strong Company. | |||
| 18 | Received $5,600 from customers on account. | |||
| 20 | Paid $700 to the owner of the building for January’s rent. | |||
| 30 | Paid employees $3,800 for salaries for the month of January. | |||
| 31 |
Paid a cash dividend of $1,000 to shareholders. |
1. & 3. Enter the beginning balances as of January 1, 2021 and post the entries to T-accounts.
4. Prepare an unadjusted trial balance as of January 31, 2021.
In: Accounting
Please describe the financial requirements regarding stock and other finances of the acquisition of YouTube by Google in 2006.
Please answer with a 1000 word typed response. Please cite sources.
In: Finance
Market research has indicated that customers are likely to bypass Roma tomatoes that weigh less than 70 grams. A produce company produces Roma tomatoes that average 78.0 grams with a standard deviation of 5.2 grams.
Suppose there were 3 undersized tomatoes in the random sample of 20. What is the probability of getting at least 3 undersized tomatoes in a random sample of 20 if the company's claim is true? Do you believe the company's claim? Why or why not?
In: Math
The company’s profit and loss is subject to many risk factors, such as the price change of oil and foreign exchange rate fluctuations. The company will benefit US$900 for each 1 cent increase in the price per bbl of oil. As the market price of oil is quite volatile, the company is considering using some strategies to manage its risk exposure. One way to hedge these exposures is to use futures contracts. There are futures contracts traded in the COMEX division of the Chicago Mercantile Exchange (CME) Group. In your consulting report, please address the following questions: 1) Outline the potential financial risks and operational risks faced by Gemoil and explain these risks in details.
In: Finance
1. The Pratt Corporation manufactures computer terminals. The following data give the number of computer terminals produced at the company for a sample of 30 days. 24 32 27 23 33 33 29 23 28 25 21 26 31 22 27 33 27 28 29 23 31 35 34 22 26 28 23 31 27 35 Make a frequency table showing class boundaries, class midpoints, frequencies, relative frequencies, and cumulative frequencies. What is the modal class?
2. The following date give the weight (in pounds) lost by 16 new members of a health club at the end of their first two months of membership. 5 10 8 7 25 12 6 14 11 10 21 9 8 11 18 11 Find a. Mean b. Median c. Mode
3. The following data give the weekly dinner expenditures for a sample of five students. $62 96 45 55 72 a. Find the range b. Find the sample mean. c. Find the sample variance d. Find the sample standard deviation. e. Find the CV
4. The following data give the hours worked last week by 30 employees of a company. 42 45 40 38 35 47 40 27 39 43 40 53 23 51 42 48 40 36 51 40 48 34 21 40 31 34 16 39 41 36 Give the five-number summary including the low value, Q , Median, Q and high value. Find the interquartile range and check for outliers.
5. The following are the scores of 30 college students on a statistics test. 75 52 80 96 65 79 71 87 93 95 69 72 81 61 76 86 79 68 50 92 83 84 77 64 71 87 72 92 57 98 Make a stem-and-leaf display of the data.
In: Statistics and Probability
Q1. Best Value Company has provided the following information:
Current Annual Sales (Credit Sales): P3,600,000
Terms: 45 Days
Interest Rate or Cost of Finance: 15% p.a.
Potential New Policy:
Analyst 1 has suggested to offer a discount to customers with this policy: 1/15 net 45. Analyst 1 expects that 50% of customers will take advantage of the discount. Analyst 2 however says that customers will not be enticed and for 50% of customers to take advantage of the discount, the policy should be 2/15 net 45. Should the company follow the recommendation of Analyst 2? Why or why not? Show your solutions.
Q2. Why do you think an increasing accounts receivables balance (without the corresponding increase in sales) is a cost to a business?
Q3. The company's end of month receivables is 70% of monthly sales. From January to April, sales amount to P100,000 each month. For the rest of the year (May to December), sales amount to P50,000 each month. The company extends credit terms to customers up to a maximum of 20 days. Assuming 360 days in a year and 30 days in a month, what can you say about the company's receivables management? Does the company need to improve its collections? Please show your solutions.
In: Accounting
A simple random sample of checks were categorized based on the number of cents on the written check and recorded below. Cents Category 0¢-24¢ 25¢-49¢ 50¢-74¢ 75¢-99¢ Frequency 58 37 28 17 Use the p-value method and a 5% significance level to test the claim that 50% of the check population falls into the 0¢-24¢ category, 20% of the check population falls into the 25¢-49¢ category, 16% of the check population falls into the 50¢-74¢ category, and 14% of the check population falls into the 75¢-99¢ category. Calculate the expected value for the 50¢-74¢ category (round to the nearest tenth).
In: Math
Business Strategy
Best Buy is the largest consumer electronics retailer in the United States with 2013 sales of almost $50 billion. The company competes aggressively on price with rivals such as Costco Wholesale, Sam’s Club, Walmart, and Target, but is also known by consumers for its first-rate customer service.
Best Buy customers have commented that the retailer’s sales staff is exceptionally knowledgeable about products and can direct the customer to the exact location of difficult to find items. Best Buy customers also appreciate that demonstration models of PC monitors, digital media players, and other electronics are fully powered and ready for in-store use. Best Buy’s Geek Squad tech support and installation services are additional customer service features valued by many customers.
1. How would you characterize Best Buy’s competitive strategy?
2. Should it be classified as a low-cost provider strategy? a differentiation strategy? a best-cost strategy?
3. Explain your answer.
4. Now think of your Glo-Bus (simulation) company: would you approach Best Buy to promote the distribution of your camera? How?
In: Finance