Questions
A chemical reaction occurring in a cylinder equipped with a movable piston produces 0.621 mol of...

A chemical reaction occurring in a cylinder equipped with a movable piston produces 0.621 mol of a gaseous product. If the cylinder contained 0.120 mol of gas before the reaction and had an initial volume of 2.18 L, what was its volume after the reaction?

In: Chemistry

Describe Density Waves in traffic Imagine you are driving one such car. Describe what happens before...

Describe Density Waves in traffic

Imagine you are driving one such car. Describe what happens before you encounter the truck, as you wait behind it, and after you pass it. Address your speed, and the "density" of the traffic around you.

In: Physics

consider the rotation of 50.0mL of a 0.2M HNO3 with 0.10M NaOH calculate the pH of...

consider the rotation of 50.0mL of a 0.2M HNO3 with 0.10M NaOH calculate the pH of the solution

a) before any extra NaOH has been add
b) after 50mL of NaOH
c) add 100mL of NaOH
d) add 150mL of NaOH

In: Chemistry

Which is NOT a retrieving strategy? 1. Reconstruction 2. Searching 3. Rehearsing 4. Logical reasonin Which...

Which is NOT a retrieving strategy?

1.

Reconstruction

2.

Searching

3.

Rehearsing

4.

Logical reasonin

Which is not a possible cause of mental retardation?

1.

Chromosomal abnormalities

2.

Infections

3.

Teratogens

4.

Trauma before and after birth

In: Psychology

A buffer solution contains 0.444 M NH4Br and 0.365 M NH3 (ammonia). Determine the pH change...

A buffer solution contains 0.444 M NH4Br and 0.365 M NH3 (ammonia). Determine the pH change when 0.084 mol NaOH is added to 1.00 L of the buffer. pH after addition − pH before addition = pH change =

In: Chemistry

How does entropy drive solubility of proteins in water (or not)? Draw me a “system” of...

How does entropy drive solubility of proteins in water (or not)? Draw me a “system” of a beaker of water with and without 1) Polar solute and 2) Nonpolar solute. How does entropy change in each of the beakers before and after addition of solute?

In: Biology

Please answer all a,b,c,d!!! Assume calendar year-ends for all companies and that all errors are material....

Please answer all a,b,c,d!!!

Assume calendar year-ends for all companies and that all errors are material.

a. Quigley Down Under Co. bought a machine on January 1, 2017 for $1,400,000. The machine had an estimated residual value of $120,000 and a ten-year life. “Machine expense” was debited on the purchase date for $1,400,000. Quigley uses straight-line depreciation for all assets. The error was discovered on June 15, 2018 after the books had been closed for 2017.

What journal entry (if any) should Quigley record on 6/15/18 related to this error? (ignore taxes)

True or false:

Quigley should restate its income statements and balance sheets for all prior years affected by the error and reported in the 2018 annual report.

TRUE                                               FALSE

b. On October 1, 2017 Arrival Co. received $60,000 in advance for services the company would perform for its customers evenly over the next 12 months (beginning 10/1/17). That day, Arrival debited cash and credited revenue for $60,000, and no other entries were recorded related to this transaction. The error was not discovered until February 1, 2018 after the books had been closed for 2017. Arrival’s marginal tax rate is 30%.

What journal entry (if any) should Arrival record on 2/1/18 related to this error?

True or false : Arrival should restate its income statements and balance sheets for all prior years affected by this error and reported in the 2018 annual report.

TRUE                                               FALSE

c. On December 1, 2016 Breaking Good, Inc. paid $20,000 in advance for insurance services beginning 12/1/16 and lasting for 12 months. On that date, Breaking Good debited insurance expense for the full amount. This error is discovered on May 20, 2018 (after the books for 2017 were closed).

What journal entry (if any) should Breaking Good record on 5/20/18 related to this error? (ignore taxes)

True or false : Breaking Good should restate its income statements and balance sheets for all prior years affected by this error and reported in the 2018 annual report.

TRUE                                               FALSE

d. Person Family, Inc. began operations on 1/1/15, and used the LIFO method for inventory accounting. During 2017, the company decided to switch from LIFO to FIFO. The following income statement information (LIFO and FIFO) is available for the years 2015–2017:

LIFO Inventory Method                FIFO Inventory Method

2015 2016 2017 2015 2016 2017

Pre-tax financial income          70,000 55,000 140,000             130,000 85,000 160,000

Income tax expense, 30%        (21,000)            (16,500)            (42,000) (39,000) (25,500) (48,000)

Net Income 49,000 38,500 98,000 91,000 59,500 112,000

What journal entry should Person Family record during 2017 for the change in accounting principle from LIFO to FIFO?

True or false: Person Family should restate its income statements and balance sheets for all prior years affected by this error and reported in the 2017 annual report.

TRUE                                               FALSE

In: Accounting

Workers are compensated by firms with “benefits” in addition to wages and salaries. The most prominent...

Workers are compensated by firms with “benefits” in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance. Suppose that in 2000, workers at one steel plant were paid $35 per hour and in addition received health benefits at the rate of $7 per hour. Also suppose that by 2010 workers at that plant were paid $36.75 per hour but received $31.5 in health insurance benefits.

a. By what percentage did total compensation (wages plus benefits) change at this plant from 2000 to 2010?

total compensation increased or decreased(choose one) by _______ percent

What was the approximate average annual percentage change in total compensation?

b. By what percentage did wages change at this plant from 2000 to 2010?

wages increased or decresed (choose one) by ________ percent

What was the approximate average annual percentage change in wages?

c. If workers value a dollar of health benefits as much as they value a dollar of wages, by what total percentage will they feel that their incomes have risen over this time period?

What if they only consider wages when calculating their incomes?

incomes increased or decreased (choose one) by _____ percent

d. Is it possible for workers to feel as though their wages are stagnating even if total compensation is rising?

In: Economics

Annual and Average Returns for Stocks, Bonds, and T-Bills, 1950 to 2015. Stocks Long-Term Treasury Bonds...

Annual and Average Returns for Stocks, Bonds, and T-Bills, 1950 to 2015.

Stocks Long-Term Treasury Bonds T-bills
1950 to 2015 Average 12.6 % 6.6 % 4.40 %
1950 to 1959 Average 20.9 0.0 2.00
1960 to 1969 Average 8.7 1.6 4.00
1970 to 1979 Average 7.5 5.7 6.30
1980 to 1989 Average 18.2 13.5 8.90
1990 to 1999 Average 19.0 9.5 4.90
2000 to 2009 Average 0.9 8.0 2.70
2010 Annual Return 15.1 9.4 0.01
2011 Annual Return 2.1 29.9 0.02
2012 Annual Return 16.0 3.6 0.02
2013 Annual Return 32.4 −12.7 0.07
2014 Annual Return 13.7 25.1 0.05
2015 Annual Return 1.4 −1.2 0.21
2010 to 2015 Average 13.4 9.0 0.06

You have a portfolio with an asset allocation of 50 percent stocks, 26 percent long-term Treasury bonds, and 24 percent T-bills. Use these weights and the returns given in the above table to compute the return of the portfolio in the year 2010 and each year since. Then compute the average annual return and standard deviation of the portfolio. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

In: Finance

Use the following equations to calculate aspects of the incidence of a tax on demand: Qd...

Use the following equations to calculate aspects of the incidence of a tax on demand:

Qd = 720 - 205P
Qs = -170 + 150P
Qs (with tax) = -220 + 150P

Find:

Q before tax =
Q after tax =
P before tax =
Pc =
Pp =
Tax rate (t) =
Tax revenue (TR) =
TR (coming from consumer surplus) =
TR (coming from producer surplus) =
Deadweight Loss (DW) =
DW (coming from consumer surplus) =
DW (coming from producer surplus) =

In: Economics