Using the following information, determine the debt-to-equity ratio for Montreal Computing Power Company:

On June 12, because management knew with near certainty that it had no chance of collection, Sheave Company wrote off a customer's account balance in the amount of $350. On November 3, the customer mailed a payment for $350 to Sheave. To record the receipt of this payment from the customer, the company would debit:

a. Bad Debt Expense and credit Cash

b. Accounts Receivable and credit Bad Debt Expense, then debit Cash and credit Allowance for Doubtful Accounts

c. Cash and credit Accounts Receivable

d. Accounts Receivable and credit Allowance for Doubtful Accounts, then debit Cash and credit Accounts Receivable

1. The equilibrium constant, K_p, for the following reaction is 10.5 at 350 K:

2CH₂Cl₂(g) <--->CH₄(g) + CCl₄(g)

Calculate the equilibrium partial pressures of all species when CH₂Cl₂(g) is introduced into an evacuated flask at a pressure of 0.865 atm at 350 K.

2. The equilibrium constant, K_p, for the following reaction is 0.215 at 673 K:

NH₄I(s) <----> NH₃(g) + HI(g)

Calculate the equilibrium partial pressure of HI when 0.413 moles of NH₄I(s) is introduced into a 1.00 L vessel at 673 K.

P_HI = ____atm

Radio Stack sells a particular digital cameras for $500 each. Forecasts indicate the future demand for these cameras to be fairly constant at an average rate of 250 cameras per year. Radio Stack purchases the cameras from the manufacturer who charges a delivery fee of $25 per order. Radio Stack calculates their inventory holding cost based on a 20 percent annual interest rate

. a) Use the following pricing schedule to determine the size of the standing order. For quantities of 25 cameras or less, the camera manufacturer charges $350 per camera; for quantities between 26 and 50, the manufacturer charges $350 for the first 25 cameras and $315 for each additional camera purchased beyond 25; for quantities over 50, the manufacturer charges $350 for the first 25 cameras, $315 for the next 25 cameras, and $285 each for additional quantity over 50.

b) Now use the following pricing schedule to determine the size of the standing order. For quantities of 25 cameras or less, the firm charges $350 per camera; for quantities between 26 and 50, it charges $315 per camera; and it charges $285 per camera for quantities over 50.

c) If the replenishment lead time for cameras is six months (i.e. time for manufacturer to deliver an order of cameras to Radio Stack is 6 months), determine the reorder point in terms of Radio Stack’s inventory level of cameras. Find the reorder point using the order size determined in part b.

Trade Barriers and Exchange Rates. This question is meant to illustrate how taris and trade costs can inuence exchange rates. Suppose there is a single good that's traded in both the United States and Europe. Let pDt denote the price, in dollars, of the good in the United States; let pFt denote the price, in euros, of the good in Europe. Let Et denote the exchange rate, in euros per dollar. American consumers can purchase goods from either a foreign supplier or a domestic supplier. There are two wrinkles, one related to policy, and one related to technology.

The U.S. government levies a tax on goods imported from Europe. To be precise, if an American brings X units of goods into the country from Europe, then the person needs to pay the U.S. government the market value of τ × X units of goods. American consumers do not have to pay taxes on goods purchased from American suppliers.

We consider the cost of moving goods across borders. Assume that an American importer loses a fraction ι of goods in transit. That is, if you load X units of goods onto your boat in Rotterdam, then i × X units fall on the boat, leaving you with (1 − i) × X units of goods by the time the boat arrives in New York. (That's a stylized story about transit costs, but it's equivalent to assuming that the cost of shipping is proportional to the market value of goods being shipped.) (a) How much does it cost, in euros, for an American to buy one unit of goods from a European supplier? This is the total cost, including taxes and transport costs, so your answer should include τ and i. (b) How much does it cost, in dollars, for an American to acquire the euros necessary to purchase one unit of goods from a European supplier? (c) What does the principle of no arbitrage imply about the relationship between the cost of goods from European suppliers and the cost of goods from American suppliers? Provide a brief (one sentence) answer in words, and provide an equation. (d) Does the dollar appreciate or depreciate if the U.S. government increases the tariff τ? Provide a brief (one or two sentence) explanation. (e) Does the dollar appreciate or depreciate if an improvement in shipping technology causes ι to fall? Provide a brief (one or two sentence) explanation.

High Star Pte. Ltd. (“HS”) is a company that is licensed to operate and offer classes for professional business, finance and accounting courses. Since incorporation, it operates from two buildings, Block A and Block B, in a campus sited on a parcel of freehold land. The two buildings comprise lecture halls, seminar and tutorial rooms, staff offices, a library and an administration office. The halls, rooms and offices are adequately equipped with the “pre-requisite” teaching equipment and furniture, comprising tables and chairs, and fittings as well as the current state-of-the-art electronic and electrical teaching equipment. To cater for the planned expansion of the school, HS began constructing a new building, Block C, two years ago and it was completed in August 2015 just before the new session began in October 2015. A similar “suite” of pre-requisite teaching equipment and furniture was acquired to equip the new building,

As audit senior at ACC LLP, you have been assigned to the audit of the financial statements of HS for the financial year ended 30 September 2015. In the early stages of the final audit, in October 2015, you made the following observations. The Accountant went on a 90-day maternity leave from 15 August 2015. The newly-hired Accounts Assistant, Jane, was tasked to close the books for the financial year ended 30 September 2015 before the commencement of the audit. The last batch of tables and chairs for the last two seminar rooms in the new building (Block C) arrived on 15 September 2015. They were ready for intended use immediately. The invoice for this last batch of tables and chairs amounting to $80,000 was received by HS on 15 October 2015. Jane was unaware of the delivery of the tables and chairs, and the invoice and payment were not accounted for in the closing of books for the year. As you toured Block C, you observed that all the halls, rooms and offices were fully equipped as planned. An invoice amounting to $50,000 for the routine servicing of the state-of-the-art electronic and electrical teaching equipment was received on 15 September 2015. In closing the books for the year, Jane capitalized the amount as cost of equipment. In a meeting of the Board of Directors on 15 September 2015, it was resolved that the tables and chairs for the tutorial rooms in Block A and Block B be replaced and scrapped by the first quarter of the next financial year. The tables and chairs have no scrap value. As at 1 October 2014, these tables and chairs had a remaining useful life of three years and the carrying amount of these tables and chairs as at 1 October 2014 was $45,000. In closing the books for the year, Jane charged $15,000 (i.e., $45,000 carrying amount as at 1 October 2014 divided by 3 years of remaining useful life) as depreciation expense in the profit or loss. The accounting policy of HS requires HS to account for freehold land (PPE) at revaluation less impairment, and revalue the land at regular intervals of five years. The five year cycle for the revaluation of the land was due for the financial year ended 30 September 2015. As the Accountant was on maternity leave, no arrangement was made to commission for the revaluation. Jane, on realising this, hastily contacted a personal friend, who had recently graduated and now runs a small valuation firm, Any How Valuers Pte Ltd (“AHV”), to provide valuation services on the freehold land. You noted that the fees paid to AHV was significantly higher than the normal range of fees for similar valuation services and that HS is AHV’s first and only client to-date. Based on the valuation report, the parcel of freehold land on which the buildings are located had a revalued amount of $3,500,000. As at 1 October 2014, the carrying amount and revaluation reserve were $3,300,000 and $20,000, respectively. In closing the books, Jane accounted for the revaluation surplus of $200,000 in the profit or loss account. The accounting policy requires HS to provide for a full year’s depreciation in the year of acquisition/disposal for assets which have been in use for more than six months in the year.

(c) For each accounting issue and error identified in Part (b), suggest one (1) audit procedure which would enable you to determine the extent of misstatement. (d) For the purposes of this part of the question, assume that the valuation report prepared by AHV is acceptable for audit purposes. Assuming that the overall materiality level for this audit engagement is set at $150,000, and the accounting issues and errors identified in part (b) were the only errors noted in the audit, determine the effect of the misstatements on your audit opinion (include quantifying the misstatements and assessing their effects on specific accounts)

Prepare general journal entries to record the following perpetual system merchandising transactions of Acme Company.

May     2   Purchased merchandise from Yeti Co. for $9,000 under credit terms of 1/15, n/30, FOB factory.

4   Sold merchandise to Flinstone Co. for $1,200 under credit terms of 2/10, n/60, FOB shipping point. The merchandise had cost $750.

4 Paid $150 for freight charges on the purchase of May 2.

             9 Sold merchandise that cost $1,800 for $2,400 cash.

10   Purchased merchandise from Richter Co. for $3,450 under credit terms of 2/15, n/60, FOB destination.

12   Received a $300 credit memorandum acknowledging the return of merchandise purchased on May 10.

14 Received the balance due from Flinstone Co. for the credit sale

    dated May 4.

15 Sold for cash a piece of office equipment at its original cost, $500.

17 Paid the balance due to Yeti Co.

18 Purchased $820 of cleaning supplies from A & Z Suppliers;

      terms n/1 5.

20   Sold merchandise that cost $1,350 to Caresalot Co. for $1,875 under credit terms of 2/15, n/60, FOB shipping point.

22   Issued a $300 credit memorandum to Caresalot Co. for an allowance on goods sold on May 20.

23   Received a debit memorandum from Caresalot Co. for an error that overstated the total invoice by $75.

25 Paid Richter Co. the balance due.

31 Received the balance due from Caresalot Co. for the credit sale dated

      May 20.

31   Sold merchandise that cost $4,800 to Flinstone Co. for $7,500 under credit terms of 2/10, n/60, FOB shipping point.

A magazine article reported that 13% of adults buy takeout food every day. A fast food restaurant manager surveyed 250 customers and found that 40 said that they purchased takeout food everyday. At 0.01 level of significance, is there sufficient evidence to believe the article’s claim? Express numerical answers in two decimals only.

Is the test one-tailed?
What is the sample proportion?
What is the null hypothesis?
What is the alternative hypothesis?
What is the critical value?
What is the computed value of the test statistic?
Decision and Conclusion?

A magazine includes a report on the energy costs per year for​ 32-inch liquid crystal display​ (LCD) televisions. The article states that 14 randomly selected​ 32-inch LCD televisions have a sample standard deviation of ​$3.61. Assume the sample is taken from a normally distributed population. Construct 90​% confidence intervals for​ (a) the population variance σ² and​ (b) the population standard deviation σ.

Interpret the results.

​(a) The confidence interval for the population variance is . ???

b) The confidence interval for population standard deviation is ???

Thanks!!!