The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.
| MOTO
HOTEL Trial Balance May 31, 2017 |
||||||
|
Debit |
Credit |
|||||
| Cash | $ 2,333 | |||||
| Supplies | 2,600 | |||||
| Prepaid Insurance | 1,800 | |||||
| Land | 14,833 | |||||
| Buildings | 67,600 | |||||
| Equipment | 16,800 | |||||
| Accounts Payable | $ 4,533 | |||||
| Unearned Rent Revenue | 3,300 | |||||
| Mortgage Payable | 33,600 | |||||
| Common Stock | 59,833 | |||||
| Rent Revenue | 9,000 | |||||
| Salaries and Wages Expense | 3,000 | |||||
| Utilities Expense | 800 | |||||
| Advertising Expense |
500 |
|||||
|
$110,266 |
$110,266 |
|||||
Other data:
| 1. | Insurance expires at the rate of $450 per month. | |
| 2. | A count of supplies shows $1,070 of unused supplies on May 31. | |
| 3. | (a) Annual depreciation is $3,840 on the building. | |
| (b) Annual depreciation is $3,240 on equipment. | ||
| 4. | The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) | |
| 5. | Unearned rent of $2,630 has been earned. | |
| 6. | Salaries of $730 are accrued and unpaid at May 31. |
(a) Prepare a ledger using T-accounts. Enter the trial balance amounts and post the
adjusting entries.
(b) Prepare an adjusted trial balance on May 31.
(c) Prepare an income statement and a retained earnings statement for the month of May
and a classified balance sheet at May 31.
(d) Identify which accounts should be closed on May 31.
In: Accounting
Lodging in Europe
Q1. Write a program to make suggestions on lodging in Europe.
Note that to compare whether a String variable country equals "France", you cannot use country == "France". The correcr way to compare is country.equals("France").
Q2.
Days of a Month
Given the year and month number, return the number of days in the month.
A year is a leap year if the year number is a multiple of 4 but not a multiple of 100. However, if a year number is a multiple of 400, the year is a leap year.
In: Computer Science
For this portion of the lab, you will reuse the program you
wrote before.
That means you will open the lab you wrote in the previous
assignment and change it. You should NOT start from scratch. Also,
all the requirements/prohibitions from the previous lab MUST also
be included /omitted from this lab.
Redesign the solution in the following manner:
1. Create a menu and ask the user which of the following
conversions they wish to perform:
a. Miles to kilometers
b. Gallons to liters
c. Pounds to kilograms
d. Inches to centimeters
e. Fahrenheit to Celsius
2. Your program must raise an exception if the user chooses any
item not on the menu presented. Along with raising an exception,
write the code to handle this exception.
3. Once the user has chosen a menu item the program should:
a. Ask the user for a value to convert. Refer to the input validations in Lab 4. Your program must raise and exception, and handle the exception, if an input errors occurs.
b. Perform the conversion and write the original value, the original unit, the converted value, and the converted unit to an output file named conversions.txt.
c. Repeat steps a and b 10 times (in a loop).
I have written this code before. I already have added step number 1: the menu. Please add in the code the other requirements: step 2, and step 3 a. b. and c. Thank you!
#Conversions.py
def MilesToKm(Miles):
Km = Miles * 1.6
print(f"Miles: {format(Miles,'.2f')}, kilometers:
{format(Km,'.2f')}")
def FahToCel(Fahrenheit):
Celsius = (Fahrenheit - 32) * 5 / 9
print(f"farehnheit: {format(Fahrenheit,'.2f')}, celsius:
{format(Celsius,'.2f')}")
def GalToLit(Gallons):
Liters = Gallons * 3.9
print(f"gallons: {format(Gallons,'.2f')}, liters:
{format(Liters,'.2f')}")
def PoundsToKg(Pounds):
Kg = Pounds * 3.45
print(f"pounds: {format(Pounds,'.2f')}, kilograms:
{format(Kg,'.2f')}")
def InchesToCm(Inches):
Cm = Inches * 2.54
print(f"inches: {format(Inches,'.2f')}, centimeters:
{format(Cm,'.2f')}")
#Main.py
#Import the package
from Conversions import *
#Create main function to give choice of conversion
def main():
#Intialize the string
string = '''
1: Convert miles to km
2: Convert fahrenheit to celsius
3: Convert gallons to liters
4: Convert pounds to kg
5: Convert inches to cm'''
#Initialize the tupels
metric_name =
('miles','fahrenheit','gallons','pounds','inches')
convert_name = ('km','celsius','liters','kg','cm')
#Print the string
print(string)
#Get the input
choice = int(input('Which of the given conversions would you like
to perform? Enter your choice from 1 to 5: '))
#Set count as "3"
count = 3
#Initialize the boolean variable
flag = True
#Execte the "while" loop
while(flag):
#Get the input
input_value = float(input("Enter how much {0} would you like to
convert into {1}: "
.format(metric_name[choice-1] , convert_name[choice-1])))
#Check for the negative inputs
if input_value < 0:
#Decrement count by "1"
count -= 1
#Print the invalid message
print('Invalid input! You have',count,'chance(s) to enter a valid
input')
#Otherwise
else:
#Check for the choice "1"
if choice == 1:
#Call the function
MilesToKm(input_value)
#Check for the choice "2"
if choice ==2:
#Check whether the input is greater than or equal to "1000"
if input_value >= 1000:
#Decrment the count "1"
count -= 1
#Print the message
print('Invalid input! You have',
count,'chance(s) to enter a valid input')
#Otherwise
else:
#Call the function
FahToCel(input_value)
#Check for the choice "3"
if choice == 3:
#Call the function
GalToLit(input_value)
#Check for the choice "4"
if choice == 4:
#Call the function
PoundsToKg(input_value)
#Check for the choice "5"
if choice == 5:
#Call the function
InchesToCm(input_value)
#Checck whether the count is "0"
if count == 0:
#Set boolean value as "False"
flag = False
#Call the function
main()
In: Computer Science
Please use exact data provided here in this question.. An amusement park studied methods for decreasing the waiting time (minutes) for rides by loading and unloading riders more efficiently. Two alternative loading/unloading methods have been proposed. To account for potential differences due to the type of ride and the possible interaction between the method of loading and unloading and the type of ride, a factorial experiment was designed. Use the following data to test for any significant effect due to the loading and unloading method, the type of ride, and interaction. Use = .05. Factor A is method of loading and unloading; Factor B is the type of ride. Type of Ride Roller Coaster Screaming Demon Long Flume Method 1 48 55 49 50 47 45 Method 2 48 45 50 50 41 46 Set up the ANOVA table (to 2 decimal, if necessary). Round p-value to four decimal places. Source of Variation Sum of Squares Degrees of Freedom Mean Square F p-value Factor A Factor B Interaction Error Total The p-value for Factor A is What is your conclusion with respect to Factor A? The p-value for Factor B is What is your conclusion with respect to Factor B? The p-value for the interaction of factors A and B is What is your conclusion with respect to the interaction of Factors A and B? What is your recommendation to the amusement park?
In: Statistics and Probability
The City of Little River had the following transactions related to the construction of a new courthouse:
Prepare the journal entries required in both the capital-projects fund and the debt-service fund using the template provided in this module.
In: Accounting
a. The standard deviation of a sample of data was 14. Find the variance.
B. Given the sample data 5, 0, 7, 5, 9, and 6, find its range
C.
A new weight-loss program claims that participants will lose an average of more than 10 pounds after completing it. The data table shows the weights of five individuals before and after the program.
|
1 |
2 |
3 |
4 |
5 |
|
|
weight before |
264 |
220 |
285 |
264 |
195 |
|
weight after |
240 |
223 |
267 |
250 |
175 |
We need to test the hypothesis that the population mean of differences exceed 10. That is,
H0:
H1: .
Use 5% level of significance.
Find the test statistic.
(Provide two significant digits to the right of the decimal point)
C.
A person can take either of two routes to work, through Matteson or Richton Park. Both take on average 35 minutes, and travel times are Normally distributed. But are the variances of the travel times different? A random sample with n = 8 using the Matteson route, and another random sample with n = 6 using the Richton Park route, showed a variance of 45 (units: square minutes) and 30 respectively. To test whether the variances are different, the following test of hypothesis should be done:
H0:
H1:
What is the value of the test statistic?
In: Statistics and Probability
Alternative Inventory Methods Park Company's perpetual inventory records indicate the following transactions in the month of June: Units Cost/Unit Inventory, June 1 200 $3.20 Purchases: June 3 200 3.50 June 17 250 3.60 June 24 300 3.65 Sales: June 6 300 June 21 200 June 27 150 Required: 1. Compute the cost of goods sold for June and the inventory at the end of June using each of the following cost flow assumptions: If required, round your answers to the nearest dollar. FIFO Cost of Goods Sold $ Ending Inventory $ LIFO (Round your intermediate calculations and final answers to the nearest cent.) Cost of Goods Sold $ Ending Inventory $ Average cost (In your computations, round new per unit costs to the nearest cent. Round your intermediate computations and final answers to the nearest dollar.) Cost of Goods Sold $ Ending Inventory $ 2. Why are the cost of goods sold and ending inventory amounts different for each of the three methods? 3. produces the most realistic amount for net income because it produces the most realistic amount for ending inventory because it 4. If Park uses IFRS, which of the previous alternatives would be acceptable and why? The input in the box below will not be graded, but may be reviewed and considered by your instructor.
In: Accounting
|
Newcastle Coal Co. (NCC) recently offered a bond issue in which the bonds can be surrendered prior to maturity in exchange for cash if the company undertakes certain specified actions or if specified events occur. This is an example of what type of bond?
|
In: Finance
PRACTICAL QUESTION
Tiger Construction Ltd signs a contract on 1 May 2018 to build a theme park. The construction is scheduled to commence on 1 July 2018 and the estimated date of completion is 30 June 2021. The total contract price is $5m and the cost of the park is initially estimated at $4.5m. The following data relates to the construction period:
|
For the year ended 30 June |
|||
|
2019 |
2020 |
2021 |
|
|
$ |
$ |
$ |
|
|
Costs to date |
1,700,000 |
3,000,000 |
4,800,000 |
|
Estimated costs to complete |
2,800,000 |
1,700,000 |
- |
|
Progress billings to date |
1,400,000 |
2,600,000 |
5,000,000 |
|
Cash received to date |
1,200,000 |
2,200,000 |
5,000,000 |
Assume that cost (an input measure) is used as the basis for assessing progress on the construction contract.
Required
Determine the percentage of completion for 2019, 2020 and 2021.
|
2019 |
2020 |
2021 |
|
|
$ |
$ |
$ |
|
|
Costs to date (A) |
|||
|
Estimated costs to complete (B) |
|||
|
Estimated total cost (A+B=C) |
|||
|
Percent of completion (POC=A/C) |
Calculate revenue and gross profit for 2019, 2020 and 2021.
|
2019 |
2020 |
2021 |
|||||
|
$ |
$ |
$ |
|||||
|
Contract Price |
|||||||
|
Contact Price x POC |
|||||||
|
Less Revenue recognised in previous years |
|||||||
|
= Revenue recognised for the year |
|||||||
|
Less Costs for the year |
|||||||
|
= Gross profit for the year |
|||||||
Using the percentage of completion method, provide the journal entries for 2019, 2020 and 2021.
|
2019 $m |
2020 $m |
2021 $m |
|||
|
(i) |
To record costs incurred: |
||||
|
(ii) |
To record billings to customers: |
||||
|
(iii) |
To record cash collections: |
||||
|
(iv) |
To record periodic income recognised: |
||||
In: Accounting
PRACTICAL QUESTION
Tiger Construction Ltd signs a contract on 1 May 2018 to build a theme park. The construction is scheduled to commence on 1 July 2018 and the estimated date of completion is 30 June 2021. The total contract price is $5m and the cost of the park is initially estimated at $4.5m. The following data relates to the construction period:
|
For the year ended 30 June |
|||
|
2019 |
2020 |
2021 |
|
|
$ |
$ |
$ |
|
|
Costs to date |
1,700,000 |
3,000,000 |
4,800,000 |
|
Estimated costs to complete |
2,800,000 |
1,700,000 |
- |
|
Progress billings to date |
1,400,000 |
2,600,000 |
5,000,000 |
|
Cash received to date |
1,200,000 |
2,200,000 |
5,000,000 |
Assume that cost (an input measure) is used as the basis for assessing progress on the construction contract.
Required
Determine the percentage of completion for 2019, 2020 and 2021.
|
2019 |
2020 |
2021 |
|
|
$ |
$ |
$ |
|
|
Costs to date (A) |
|||
|
Estimated costs to complete (B) |
|||
|
Estimated total cost (A+B=C) |
|||
|
Percent of completion (POC=A/C) |
Calculate revenue and gross profit for 2019, 2020 and 2021.
|
2019 |
2020 |
2021 |
|||||
|
$ |
$ |
$ |
|||||
|
Contract Price |
|||||||
|
Contact Price x POC |
|||||||
|
LessRevenue recognised in previous years |
|||||||
|
= Revenue recognised for the year |
|||||||
|
Less Costs for the year |
|||||||
|
= Gross profit for the year |
|||||||
Using the percentage of completion method, provide the journal entries for 2019, 2020 and 2021.
|
2019 $m |
2020 $m |
2021 $m |
|||
|
(i) |
To record costs incurred: |
||||
|
(ii) |
To record billings to customers: |
||||
|
(iii) |
To record cash collections: |
||||
|
(iv) |
To record periodic income recognised: |
||||
In: Accounting