Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review.

1. Received contributions from investors and issued $230,000 of common stock on April 1.
2. Acquired a barn for $180,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance.
3. Provided $18,000 in animal care services for customers on April 3, all on credit.
4. Rented stables to customers who cared for their own animals; received cash of $14,000 on April 4 for rent earned this month.
5. On April 5, received $3,350 cash from a customer to board her horse in May, June, and July (record as Deferred Revenue).
6. Purchased and received hay and feed supplies on account on April 6 for $3,800.
7. Paid $2,600 on accounts payable on April 7 for previous purchases.
8. Received $2,040 from customers on April 8 on accounts receivable.
9. On April 9, prepaid a two-year insurance policy for $4,800 for coverage starting in May.
10. On April 28, paid $1,140 in cash for water and utilities used this month.
11. Paid $14,800 in wages on April 29 for work done this month.
12. Received an electric utility bill on April 30 for $1,560 for usage in April; the bill will be paid next month.

Required:

1. 1. Prepare the journal entry for each of the above transactions.

2. 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations.

3. 3. Prepare an unadjusted trial balance as of April 30.

4. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin.

5. 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor.

Can you make t chart and trail balance sheet?

A developmental psychologist is studying cognitive functions in children. Three-, four-, and five-year-olds are asked to choose between one large cookie or three smaller cookies that add up to only about half the mass of the large cookie. The number of children choosing each alternative is shown for each age group below:

  
What is the p value that corresponds to the chi-square statistic for these data?

Suppose that the data for a chi-square test are as shown in the table below:

  
What is the p value that corresponds to the chi-square statistic for these data?

Case Development began operations in December 2018. When property is sold on an installment basis, Case recognizes installment income for financial reporting purposes in the year of the sale. For tax purposes, installment income is reported by the installment method. 2018 installment income was $880,000 and will be collected over the next three years. Scheduled collections and enacted tax rates for 2019–2021 are as follows:

Pretax accounting income for 2018 was $1,194,000, which includes interest revenue of $44,000 from municipal bonds. The enacted tax rate for 2018 is 30%.

Required:
1. Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Case’s 2018 income taxes.
2. What is Case’s 2018 net income?

Case Development began operations in December 2018. When property is sold on an installment basis, Case recognizes installment income for financial reporting purposes in the year of the sale. For tax purposes, installment income is reported by the installment method. 2018 installment income was $600,000 and will be collected over the next three years. Scheduled collections and enacted tax rates for 2019–2021 are as follows:

Pretax accounting income for 2018 was $780,000, which includes interest revenue of $30,000 from municipal bonds. The enacted tax rate for 2018 is 20%.

Required:
1. Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Case’s 2018 income taxes.

2. What is Case’s 2018 net income?
  

6. Which of the following is not an office in US Customs and Border Protection?

1. Office of Field Operations
2. Office of Supply Chain Management
3. Office of Border Patrol
4. Office of International Trade

7. The Customs Modernization or “Mod” Act introduced three important concepts into law.   Which one of the following is not one of those concepts?

1. Shared Responsibility
2. Informed Compliance
3. Reasonable Care
4. Focused Assessment Audits

8. Informed compliance is a shared responsibility between ______________ and the ________________.

1. US Customs, Customs Broker
2. US Customs, Importer
3. Customs Broker, Importer

9. Customs was the government’s primary source of revenue until the income tax was established.

1. True
2. False

10. Imported goods are not legally entered until after the shipment has arrived within the port of entry, delivery of the merchandise has been authorized by Customs and estimated duties have been paid.

1. True
2. False

Suppose you know that a company’s stock currently sells for $74 per share and the required return on the stock is 9.9 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. It's the company’s policy to maintain a constant growth rate in its dividends. What is the current dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Hint: First, compute the current dividend yield. Then, use that to compute the next dividend paid (in dollars per share). Then, using the constant dividend growth rate, compute the last dividend paid. The dividend is equal to the dividend yield multiplied by the stock price. Remember that the current stock price reflects future dividends, starting with D1, where D1 = D0(1 + g).

A person of mass 74 kg stands at the center of a rotating merry-go-round platform of radius 3.5 m and moment of inertia 880 kg⋅m2 . The platform rotates without friction with angular velocity 0.90 rad/s . The person walks radially to the edge of the platform.

Calculate the angular velocity when the person reaches the edge.

Calculate the rotational kinetic energy of the system of platform plus person before and after the person's walk.

Each "2p" electron deep inside a Tungsten atom is influenced mostly by 74 protons in the nucleus (treat as a point), and the 4 electrons (treat as shells around the nucleus) which are interior to it (2 in 1s and 2 in 2s). How fast does one of these "2p" electrons need to be moving, to travel around a circular orbit with radius 3.158[pico-meter]? {m_e=0.911E−30[kg]}