Maintain inventory records Fire fox manufacturing has the following information in relation to commodity for July inventory ................July1...................20 units at birr 50

Sales

July 7.........10 units

July 18.......... 10 units

July 27...........10 units

Purchase

july 3..............20 units at birr 51

July 20 ................. 15 units at birr 52

Required Task 1: the company used perpetual inventory system and LIFO costing determine cost of goods sold and ending inventory

Task 2: if the company used periodic inventory system and FIFO costing method , determine costs of goods sold and ending inventory.

On January 2, SHB Company receives a 3-year, $10,000, noninterest bearing note, the present value of which is $7,722. The rate implicit on this transaction is 9%. You are completing SHB's note receivable account.

To prepare each required journal entry:

Enter the corresponding debit or credit amount in the associated column.

Round all amounts to the nearest whole number.

Not all rows in the table might be needed to complete each journal entry.

If no journal entry is needed, check the “No entry required” box at the top of the table as your response.

1. Prepare the entry to record the acquisition of the note.

No Entry Required

2. Prepare the adjusting entry necessary to record interest revenue at the end of the first year.

No Entry Required

3. Prepare the adjusting entry necessary to record interest revenue at the end of the second year.

No Entry Required

URGENT!

A stock currently has a market value of $10. The risk-free rate of return is 3%. In one year, the stock is expected to sell for either $14 or $9.

a) What is the value of a twelve-month call option with a strike price of $12? (6 points)

b) If the twelve-month call option is traded at $1.2, Recommend a riskless strategy by showing the positions in both shares and calls. (4 points).

Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system.

Required:

1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. The March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase.

2. Using FIFO, calculate ending inventory and cost of goods sold at March 31.

3. Using LIFO, calculate ending inventory and cost of goods sold at March 31.

4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.)

5. Calculate sales revenue and gross profit under each of the four methods.(Round weighted-average cost amounts to 2 decimal places.)

Using the Sud and Arthur dimensions for evaluating requirements management tools, conduct an assessment of five different commercial or open-source tools using publicly available information.

The age of a patient at the time of diagnosis of colon cancer was tracked—50 males and 50 females. The ages are:

M: 91 87 87 85 83 81 80 79 78 77 75 75 74 73 72 72 71 71
70 69 69 68 66 66 65 63 63 63 62 62 62 61 61 61 60 60
59 59 57 56 55 55 53 53 51 48 45 39 38 29
F: 94 93 92 90 89 88 87 86 86 85 85 83 81 79 79 78 77 77
76 76 76 76 75 74 74 73 72 72 71 70 68 68 67 66 66 65
65 6564 64 64 63 60 59 58 55 54 53 51 48

a. Calculate the range for males........... , females ............ , and combined ...............

b. Calculate the average age for men (compute to the second decimal) ............ .

c. Calculate the value for:
85th percentile for the combined ages...........
Percentile for an age of 60 for females............ th
Percentile for an age of 75 for males. .......... th

2-calculate the average age for men (compute to the second decimal)................

3- Calculate the value for:

(1) 85th percentile for the combined ages..........
(2) Percentile for an age of 60 for females........... th
(3) Percentile for an age of 75 for males............. th

Your company recently assigned you to a the City of Chesterton and provided you with the following information for the year ended June 30, 2008:

Expenses:

Revenues:

Required: From the information given above, prepare a Statement of Activities for the City of Chesterton for the year ended June 30, 2008. Chesterton has no component units.

1) A networking company in our country is facing losses of millions of Malaysian
Ringgit (MYR) due to the burden of their bad debts from customers who refused to settle
the payment of their bills. Several notices and summon letter had been sent yet the
customers are still ignoring them. Discuss to the company the way to solve this dilemma

2) Siraj company ventures in teakwood furniture business. It has an annual sales of
RM250,000 per year. All sales were made on credit and the credit terms is 2/15 net 30.
Based on previous experience, 60 per cent of the company’s customers will take the
discount and pay on the 15 th day. In the meantime, the other 40 per cent will make
payments on the 30 th day. Assuming that there are 360 days in a year, calculate the total
accounts receivable for Siraj Company.

Please comment on post

I believe Olin should consider to allow credit sales. An advantage would be is an increase in sales by offering to purchase on credit. It also show that you respect your customers by trusting them to pay for their purchases at a later time. Olin will gain the respect of his current customers while gaining new customers from other competitors and creating competition.

There are some disadvantages to allowing credit sales. Cash flow will be affected due to the delay in cash coming in according to the credit terms. The cash that used to be available before will not be there to pay bills. It's also just an overall huge risk to take. Customers credit history needs to be checked before taking the risk. Even if the customer does have a good credit history it can still lead to bad debts. If the collection agency isn't able to obtain the money then it is an expense to the business for their purchase. Accounts receivable will become a new account to fund. Accounts receivable will need to be calculated and updated frequently. If customers don't pay on time an invoice should be sent out which will create more work.

Olin should make an estimate on how much revenue he will actually gain with the huge risk he is taking by allowing credit sales.

Test a model that tries to explain differences in BMI based on parents' average BMI, a person's age, number of weekly hours of exercise, and the number of times a person eats outside.

Which independent variable (IV) does not explain variability in a person's BMI? Explain.