Sweet Air Filtration Products Company, a major supplier of air filters sold throughout the United States, employs one hundred workers at its principal manufacturing plant. The plant is located in Thunder Bay, which has a population that is 50 percent white and 25 percent African American, with the balance Hispanic American, Asian American, and others. Sweet Air requires a high school diploma as a condition of employment for its cleaning crew. Three-fourths of the white population completed high school, compared with only one-fourth of those in the minority groups. Sweet Air has an all-white cleaning crew.

Has Sweet Air violated the Civil Rights Act? Explain your answer.

1. Explain how each of the following transactions generates a credit and a debit in the American balance of payments accounts and described (BRIEFLY) how each entry would be classified:
   1. An American buys a share of German stock, paying by writing a check on an account with a Swiss bank.
   2. The Korean government carries out an official foreign exchange intervention in which it uses dollars held in an American bank to buy Korean currency from its citizens
   3. A tourist from Detroit buys a meal at a restaurant in Lyons, France, paying with a traveler’s check
   4. A California winemaker contributes a case of cabernet sauvignon for a London based win tasting.
   5. A US owned factory in Britain uses local earnings to buy additional machinery

Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process—Rolling on September 1 and debits to the account during September were as follows: Bal., 2,600 units, ¼ completed: Direct materials (2,600 x $15.50) $40,300 Conversion (2,600 x ¼ x $8.50) 5,525 $45,825 From Smelting Department, 28,900 units $462,400 Direct labor 158,920 Factory overhead 101,402 During September, 2,600 units in process on September 1 were completed, and of the 28,900 units entering the department, all were completed except 2,900 units that were 4/5 completed. Charges to Work in Process—Rolling for October were as follows: From Smelting Department, 31,000 units $511,500 Direct labor 162,850 Factory overhead 104,494 During October, the units in process at the beginning of the month were completed, and of the 31,000 units entering the department, all were completed except 2,000 units that were 2/5 completed. Required: 1. Enter the balance as of September 1 in a four-column account for Work in Process—Rolling. Record the debits and the credits in the account for September. Construct a cost of production report and present computations for determining (a) equivalent units of production for materials and conversion, (b) costs per equivalent unit, (c) cost of goods finished, differentiating between units started in the prior period and units started and finished in September, and (d) work in process inventory. If an amount box does not require an entry, leave it blank. ACCOUNT Work in Process-Rolling Department ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Sept. 1 Bal., 2,600 units, 1/4 completed 45,825 Sept. 30 Smelting Dept., 28,900 units at $16.00/unit 462,400 508,225 Sept. 30 Direct labor 158,920 667,145 Sept. 30 Factory overhead 101,402 768,547 Sept. 30 Finished goods 702,195 66,352 Sept. 30 Bal., 2,900 units, 4/5 completed 66,352 If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: Inventory in process, September 1 2,600 Received from Smelting Department 28,900 Total units accounted for by the Rolling Department 31,500 Units to be assigned costs: Inventory in process, September 1 2,600 1,950 Started and completed in September 26,000 26,000 26,000 Transferred to finished goods in September 28,600 26,000 27,950 Inventory in process, September 30 2,900 2,900 2,320 Total units to be assigned costs 31,500 28,900 30,270 Costs Costs Direct Materials Conversion Total Costs Cost per equivalent unit: Total costs for September in Rolling Department $ 462,400 $ 260,322 Total equivalent units 28,900 30,270 Cost per equivalent unit (b) $ 16.00 $ 8.60 Costs assigned to production: Inventory in process, September 1 $ 45,825 Costs incurred in September 722,722 Total costs accounted for by the Rolling Department $ 768,547 Costs allocated to completed and partially completed units: Inventory in process, September 1 balance (c) $ 45,825 To complete inventory in process, September 1 (c) $ $ 16,770 16,770 Cost of completed September 1 work in process $ 62,595 Started and completed in September (c) 416,000 223,600 639,600 Transferred to finished goods in September (c) $ 702,195 Inventory in process, September 30 (d) 46,400 19,952 66,352 Total costs assigned by the Rolling Department $ 768,547 2. Provide the same information for October by recording the October transactions in the four-column work in process account. Construct a cost of production report, and present the October computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank. ACCOUNT Work in Process-Rolling Department ACCOUNT NO. Balance DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Oct. 1 Balance Oct. 31 Smelting Dept., 31,000 units at $16.50/unit 511,500 577,852 Oct. 31 Direct labor 162,850 740,702 Oct. 31 Factory overhead 104,494 845,196 Oct. 31 Finished goods 805,156 40,040 Oct. 31 Bal., 2,000 units, 2/5 completed 40,040 If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended October 31 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: Inventory in process, October 1 2,900 Received from Smelting Department 31,000 Total units accounted for by the Rolling Department 33,900 Units to be assigned costs: Inventory in process, October 1 2,900 580 Started and completed in October 29,000 29,000 29,000 Transferred to finished goods in October 31,900 29,000 29,580 Inventory in process, October 31 2,000 2,000 800 Total units to be assigned costs 33,900 31,000 30,380 Costs Costs Direct Materials Conversion Total Costs Cost per equivalent unit: Total costs for October in Rolling Department $ 511,500 $ 267,344 Total equivalent units 31,000 30,380 Cost per equivalent unit (b) $ 16.50 $ 8.80 Costs assigned to production: Inventory in process, October 1 $ 66,352 Costs incurred in October 778,844 Total costs accounted for by the Rolling Department $ 845,196 Costs allocated to completed and partially completed units: Inventory in process, October 1 balance (c) $ 66,352 To complete inventory in process, October 1 (c) $ $ 5,104 5,104 Cost of completed October 1 work in process $ 71,456 Started and completed in October (c) 478,500 255,200 733,700 Transferred to finished goods in October (c) $ 805,156 Inventory in process, October 31 (d) 33,000 7,040 40,040 Total costs assigned by the Rolling Department $ 845,196 3. The cost per equivalent unit for direct materials increased from August to October. The cost per equivalent unit for conversion costs increased from August to October. These changes should be investigated for their underlying causes, and any necessary corrective actions should be taken.

Scuttlebutt Publishers Corporation was incorporated on June 1, 2020. The company had the following transactions during June:

Part A

a. Issued common stock for $10,000 cash

b. Purchased equipment for $6,000 on credit

c. Purchased $750 of supplies on credit. These are expected to last three months (record as unused supplies)

d. Paid two months of newspaper advertising for $500 (record as prepaid advertising expense)

e. Collected $12,000 of three‐month subscription revenue for its ONLINE REVIEW magazine, effective June 1 (record as unearned subscription revenue)

f. Paid the following expenses in cash: telephone, $350; rent for

June, $500

g. Collected $5,000 revenue in cash from advertisers for the June edition of ONLINE REVIEW magazine

h. Paid half of the equipment purchased June 1

i. Paid $2,000 for supplies purchased

j. Paid the following expenses in cash: telephone, $250; salaries,

$3,000

k. Received a $200 bill for electricity used during the month

(recorded as Utilities Expense).

Required:

1. Create general ledger T‐accounts for the following: Cash, Prepaid Advertising, Unused Supplies, Equipment, Accounts Payable, Unearned Subscriptions Revenue, Common Stock, Other Revenue, Rent Expense, Salaries Expense, Supplies Expense, Telephone Expense, and Utilities Expense. General ledger account numbers are not needed. (These are created on the template already.)

2. Prepare journal entries to record the June transactions. Descriptions are not needed.

3. Post the entries to general ledger T‐accounts and calculate balances at June 30, 2020.

Part B

At June 30, the following additional information is available.

l. The June portion of advertising paid in transaction (c) has expired.

m. One month of the subscriptions revenue collected June 5 has been earned.

n. A physical count indicates that $100 of supplies is still on hand.

o. $200 of commission expense is owed on the June portion of the subscriptions revenue.

p. Two days of salary for June 29 and 30 are unpaid, amounting to $600.

q. The equipment purchased in transaction (b) has an estimated useful life of 5 years.

r. Income taxes payable at June 30 amount to $50.

Required:

4. Open additional general ledger T‐accounts for the following: Accumulated

Depreciation – Equipment, Salaries Payable, Income Taxes Payable,

Subscription Revenue, Advertising Expense, Commissions Expense,

Depreciation Expense – Equipment, and Income Taxes Expense. (These are already setup on the template.)

5. Prepare all necessary adjusting entries at June 30, 2020. General ledger account numbers and descriptions are not necessary, but show depreciation calculations.

6. Post the entries to the general ledger T‐accounts and calculate balances.

7. Prepare an adjusted trial balance at June 30.

8. Assume that the company’s year‐end is June 30. Prepare an income statement, statement of changes in equity, and balance sheet.

9. Prepare closing entries.

10. Prepare a post-closing trial balance.

In 250 words or more detail Why do you think the effort to reform business groups has now slowed as the South Korean economy has improved?

(Please type answer as i have trouble reading people's handwriting)

Two cars start moving from the same point. One travels south at 56 mi/h and the other travels west at 42 mi/h. At what rate is the distance between the cars increasing three hours later?b\

Assume that firms in South Africa experience an increase in the price of inputs and other factors of production. In terms of this scenario, discuss the type of inflation that thus could lead to. Use a digram to motivate you answer.

(Answer shoud be 2 pages long)

Social stratification ranks categories of people in a hierarchy. What are the ranking categories in India, South Africa, United Kingdom, Japan, The former Soviety Union, and China? (pages 276-283 in 15th edition or pages 244-251 in 16th edition)

Discuss the outlines of the Cuban embargo and the comprehensive sanctions against the Apartheid regime in South Africa. Why did one work while the other seems not to have? Can you generalize from these two cases about how sanctions work?

Write a report , investigating and reflecting theories , models and frameworks studiesin corporate finance and their applications to African Bank (ABIL) South Africa s challenges , issues and opportunities. Your report should cover the topic of financial risk management (50)