1. What is the difference between Open and Closed Circulatory Systems?
2. What is the difference between atrioventricular and semilunar valves?

How would you track any changes to transactions within the closed period of a QuickBooks Online company?

Less complex organisms like tapeworms and insects possess a ____________ circulatory system.

intermediate

closed

open

hyper

What initial conditions would make it likely that a closed and open economy would fall into a deflation trap? .

Identify and discuss the strengths and weaknesses of each of the following:

            a.   open-ended questions

            b.   closed-ended questions

Draw a graph that shows how equilibrium is determined in a closed economy in the classical model. (label graph completely)

Provide two examples of closed-loop control and two examples of open-loop control in human movement

The following information is available for the McCain Manufacturing Company for 2020.
Accounts receivable, January 1, 2020 $120,000
Accounts payable, January 1, 2020 ?
Raw materials, January 1, 2020 10,000
Work in process, January 1, 2020 25,000
Finished goods, January 1, 2020 75,000
Accounts receivable, December 31, 2020 80,000
Accounts payable, December 31, 2020 200,000
Raw materials, December 31, 2020 ?
Work in process, December 31, 2020   60,000
Finished goods, December 31, 2020 50,000
Raw materials used in production   100,000
Raw materials purchased 130,000
Accounts receivable collections ?
Accounts payable payments 80,000
Sales ?
Total manufacturing costs ?
Cost of goods manufactured ?
Cost of goods sold 60% of Sales
Gross margin 400,000

Assume that all raw materials are purchased on credit and all sales are credit sales. Compute the missing amounts above.

On July 1, 2019, the first day of its 2020 fiscal year, the Town of Bear Creek issued at par $4,200,000 of 8 percent term bonds to renovate a historic wing of its main administrative building. The bonds mature in five years on July 1, 2024. Interest is payable semiannually on January 1 and July 1.

As illustrated in the table below, a sinking fund is to be established with equal semiannual additions made on June 30 and December 31. Cash for the sinking fund additions and the semiannual interest payments will be transferred from the General Fund shortly before the due dates. Investment earnings are added to the investment principal.

Required

1.      a-1. Prepare journal entries in the debt service fund for the following: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)

On July 1, 2019, record the budget for the fiscal year ended June 30, 2020. Include all inter-fund transfers to be received from the General Fund during the year. An appropriation should be provided only for the interest payment due on January 1, 2020.

A, Term Bond Debt Service Fund:

On December 28. 2019, the General Fund transferred $517,882 to the debt service fund. The addition to the sinking fund was immediately invested in 8 percent certificates of deposit.

B1. Tern Bond Debt Service Fund: Record the transfer fro the general fund to the debt service fund

B2. Record the investment in the certificates of deposit.

On December 28, 2019, the city issued checks to bondholders for the interest payment due on January 1, 2020.

C. Term Bond Debt Service Fund:

On June 27, 2020, the General Fund transferred $517, 822 to the debt service fund. The addition for the sinking fund was invested immediately in 8 percent certificates of deposit.

D1. Term Bond Service Fund: Record the transfer from the general fund to the debt service fund.

D2. Record the investment in the certificates of deposit

Actual interest earned on sinking fund investments at year end (june 30, 2020) was the same as the amount budgeted in the table. This interest adds to the sinking fund balance.

E. Term Bond Service Fund

Comparative balance sheets: 2019 and 2020, an income statement for 2020 are provided below for Dandelion’s shop.

Balance Sheet

As of December 31^st

Income Statement

During the Year Ended December 31^st

Additional Information from the 2020 accounting records:

1. Dandelion owns a 10% of Acorn Inc. which is labeled as a Trading Security that increased in market value during 2020. Acorn gave out $1,100 worth of dividends to all of its owners during 2020.

2. Machinery (part of the Plant Property and Equipment value) with an original cost of $1,000 was sold. Depreciation was calculated using the straight-line method and exactly 90% of its useful life was used up.

3. $1,600 worth of equipment was purchased by issuing a bond. All other Property, Plant, and Equipment purchases were made in cash.

4. Depreciation is included as part of Operating Expense.

5. 100% of Convertible bonds were exchanged for 100 shares of $1 par common stock.

Instructions:   Prepare the statement of cash flow under the indirect method. Your finished product should have all the information disclosed on a formal statement, including a list of noncash transactions.

***Please explain/show work how you got each amounts***