In 2006, there were 11,300 students at college A, with a projected enrollment increase of 800 students per year. In the same year, there were 30,900 students at college B, with a projected enrollment decline of 600 students per year. According to these projections, when will the colleges have the same enrollment? What will be the enrollment at that time?
In: Advanced Math
Between 2006 and 2008, Sony and Toshiba were in a format war in the market for
high-definition optical discs. Sony had developed Blu-ray discs whereas Toshiba
had developed the HD-DVD format. Both producers were manufacturing players
for their own format. However, unless Sony and Toshiba agreed on producing
only one particular format, consumers were holding off their purchases. They
feared, should they buy a player, that they risked having invested in the wrong
format, leaving them unable to play content on high-definition optical discs. Both
producers could choose either format in the production of players. Sony could
produce HD-DVD players; in that case, they would have to pay $20 Billion royalties
per year to Toshiba if they sell any players. Toshiba could produce Blu-ray players;
in that case, they would have to pay $20 Billion royalties per year to Sony if they
sell any players. Assume that, if Sony and Toshiba agree on one format, they
would have a profit of $100 Billion in players each per year before eventual royalty
payments.
(a) What are the components of a strategic game? Model the interaction be-
tween Sony and Toshiba as a strategic game, in which Sony's and Toshiba's
strategies are given by the format of the high-definition disc players they
produce and their preferences are given by their profits after paying for or
receiving royalties.
In: Economics
In January 2006, astronomers reported the discovery of a planet comparable in size to the earth orbiting another star and having a mass of about 5.5 times the earth's mass. It is believed to consist of a mixture of rock and ice, similar to Neptune. Take mearth=5.97×1024kg and rearth=6.38×106m.
1) If this planet has the same density as Neptune (1.76 g/cm3), what is its radius expressed in kilometers?
Express your answer in kilometers.
2)
What is its radius expressed as a multiple of earth's radius?
Express your answer in units of earth's radius.
In: Physics
The following accounts appear in the ledger of Sheldon Company on January 31, the end of this fiscal year.
| Cash | $16,400 |
| Accounts Receivable | 15,100 |
| Merchandise Inventory | 55,500 |
| Store Supplies | 1,603 |
| Prepaid Insurance | 3,080 |
| Store Equipment | 24,900 |
| Accumulated Depreciation, Store Equipment | 3,860 |
| Accounts Payable | 14,400 |
| M. E. Sheldon, Capital | 126,484 |
| M. E. Sheldon, Drawing | 36,000 |
| Sales | 227,000 |
| Sales Returns and Allowances | 2,000 |
| Purchases | 172,000 |
| Purchases Returns and Allowances | 2,375 |
| Purchases Discounts | 3,567 |
| Freight In | 7,491 |
| Wages Expense | 24,800 |
| Advertising Expense | 5,912 |
| Rent Expense | 12,900 |
The data needed for adjustments on January 31 are as follows:
a-b. Merchandise inventory, January 31, $55,750.
c. Insurance expired for the year, $1,285.
d. Depreciation for the year, $5,482.
e. Accrued wages on January 31, $1,556.
f. Supplies used during the year $1,503.
Required:
Prepare a work sheet for the fiscal year ended January 31. If an amount box does not require an entry, leave it blank. Enter all numbers as positive values.
| Sheldon Company | ||||||||||
| Work Sheet | ||||||||||
| For Year Ended January 31, 20-- | ||||||||||
| TRIAL BALANCE | ADJUSTMENTS | INCOME STATEMENT | BALANCE SHEET | |||||||
| ACCOUNT NAME | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | ||
| 1 | Cash | 1 | ||||||||
| 2 | Accounts Receivable | 2 | ||||||||
| 3 | Merchandise Inventory | 3 | ||||||||
| 4 | Store Supplies | 4 | ||||||||
| 5 | Prepaid Insurance | 5 | ||||||||
| 6 | Store Equipment | 6 | ||||||||
| 7 | Accumulated Depreciation, Store Equipment | 7 | ||||||||
| 8 | Accounts Payable | 8 | ||||||||
| 9 | M. E. Sheldon, Capital | 9 | ||||||||
| 10 | M. E. Sheldon, Drawing | 10 | ||||||||
| 11 | Sales | 11 | ||||||||
| 12 | Sales Returns and Allowances | 12 | ||||||||
| 13 | Purchases | 13 | ||||||||
| 14 | Purchases Returns and Allowances | 14 | ||||||||
| 15 | Purchases Discounts | 15 | ||||||||
| 16 | Freight In | 16 | ||||||||
| 17 | Wages Expense | 17 | ||||||||
| 18 | Advertising Expense | 18 | ||||||||
| 19 | Rent Expense | 19 | ||||||||
| 20 | 20 | |||||||||
| 21 | Income Summary | 21 | ||||||||
| 22 | Insurance Expense | 22 | ||||||||
| 23 | Depreciation Expense, Store Equipment | 23 | ||||||||
| 24 | Wages Payable | 24 | ||||||||
| 25 | Store Supplies Expense | 25 | ||||||||
| 26 | 26 | |||||||||
| 27 | Net Income (Loss) | 27 | ||||||||
| 28 | 28 | |||||||||
| 29 | 29 | |||||||||
Prepare an income statement.
| Sheldon Company | ||||
| Income Statement | ||||
| For Year Ended January 31, 20-- | ||||
| Revenue from Sales: | ||||
| $ | ||||
| Net Sales | $ | |||
| Cost of Goods Sold: | ||||
| $ | ||||
| $ | ||||
| Net Purchases | $ | |||
| $ | ||||
| $ | ||||
| Operating Expenses: | ||||
| $ | ||||
| Total Operating Expenses | ||||
| Net Loss | ||||
Prepare a statement of owner's equity. No additional investments were made during the year.
| Sheldon Company | ||
| Statement of Owner's Equity | ||
| For Year Ended January 31, 20-- | ||
| $ | ||
| $ | ||
| $ | ||
Prepare a balance sheet.
| Sheldon Company | ||
| Balance Sheet | ||
| January 31, 20-- | ||
| Assets | ||
| Current Assets: | ||
| $ | ||
| Total Current Assets | $ | |
| Property and Equipment: | ||
| $ | ||
| Total Assets | $ | |
| Liabilities | ||
| Current Liabilities: | ||
| $ | ||
| Total Liabilities | $ | |
| Owner's Equity | ||
| Total Liabilities and Owner's Equity | $ | |
In: Accounting
|
Price for Services Provided |
Customers are charged $91 per hour for services rendered |
|
Sales Price of Retail Product |
Customers are charged $65 for each unit purchased |
|
Cost of Inventory for Products Purchased |
Inventory can be purchased for $30 per unit |
Record the following transactions in the General Journal.
|
Trans. |
Date |
Description |
|
1 |
Dec. 1 |
Borrow $128,250 from the local bank and signed a five-year installment note with payments of $2,600 at the end of each month beginning December 31. The annual interest rate is 8%. Current portion of the note payable at year end after December payment = $21,875 |
|
2 |
Dec. 1 |
Purchase a vehicle necessary for business operations for $7,400 cash. The vehicle has a six-year life with a residual value of $200 |
|
3 |
Dec. 1 |
Issue 15,000 shares of no-par value common stock for $5 per share to obtain the funds necessary to start your business. |
|
4 |
Dec. 1 |
Paid $18,000 for one year of insurance in advance. |
|
5 |
Dec. 1 |
Purchased a building for $50,000. Paid $2,000 in back taxes; $2,000 in realty fees. It has a 25-year useful life with residual value of $6,000. |
|
6 |
Dec. 3 |
Purchase supplies on account, $5,000. |
|
7 |
Dec. 3 |
Purchase 300 units of inventory with terms 2/10 net 30. |
|
8 |
Dec. 6 |
Provide 28 hours of services to customers for cash (calculate using your hourly service rate) no terms specified. |
|
9 |
Dec. 10 |
Sell 150 units of inventory on account. (Perpetual method = 2 entries) |
|
10 |
Dec. 12 |
Company pays invoice for inventory purchased on December 3rd within discount terms. (perpetual method) |
|
11 |
Dec. 15 |
Sell 50 units of inventory to a customer on account with a sales discount of 4/10, n/30. (Perpetual method= 2 entries) |
|
12 |
Dec. 20 |
The customer who purchased product on December 15th pays the amount due (within discount period). |
|
13 |
Dec. 23 |
Receive cash in advance for 27 hours of services to be completed in the future. |
|
14 |
Dec. 25 |
Purchase an additional 250 units of inventory for cash. |
|
15 |
Dec. 31 |
Sell 200 units of inventory to a customer who signs a 6-month promissory note at 12% interest for the balance due. This note originated end of month so no interest would be accrued. (perpetual method = 2 entries) |
|
16 |
Dec. 31 |
Pay employee salaries, $5,000. |
|
17 |
Dec. 31 |
Pay cash dividends to shareholders of $0.05 per share. |
|
18 |
Dec. 31 |
Vehicle did not meet expectations sold back to dealership for $7,000. (Record depreciation at date of sale and then record sale). |
|
19 |
Dec. 31 |
Record the $2,600 installment payment on the $128,250 installment note borrowed on December 1st. The annual interest rate is 8%. |
In: Accounting
restaurant is planning to add a bar – the bar can have only six
barstools. Customers interested in having a drink at this bar
arrive at a rate of 6 per hour following a Poisson distribution. It
is expected that a customer stays 30 minutes, exponentially
distributed. There are only 3 spaces available for customers to
wait for a barstool to become available. Customers who want to come
in and find there is no room to wait, go to the restaurant next
door. Determine:
A. Probability that there are no customers at the bar.
B. The probability that an arriving customer has to wait for a
barstool.
C. The average number of customers at the bar.
D. The average number of customers waiting.
In: Statistics and Probability
In: Psychology
Point Value = Journal entries (26),
The Woody Shore Company opened their doors to the business on August 31, 2014. The company incurred the following transactions during August 2014.
August 1 The owners deposited $87,000 into the business
August 2 Purchased supplies on credit, total $800.
August 2 Company purchased a 12 month insurance policy for their business $3,600
August 3 Paid rent for their office $2,800
August 5 Purchased equipment for $15,000 paid cash of $3,000 and signed a note with the bank for the remaining balance.
August 9 Completed service for customers and issued invoices, $7,500
August 14 Automobile expense for the company was $825
August 15 Received cash from customer for services provided $2,800
August 18 Paid monthly salary for the employees $4,000
August 22 Paid first installment for note on August 5, 450
August 25 Paid $300 on amount due from August 2
August 30 Customers from August 9 sent you cash for $3,000
August 31 Owners withdrew $2,100 from the company
In: Accounting
Describe the research methods and results from Reiss & Havercamp (2006) and from Lyubomirsky et al. (2011).
Rogers developed his personality theory largely based on what type of experiences?
Define the key aspects of Rogers’ therapeutic approach.
In: Psychology
YouTube was purchased by Google in 2006. Please describe how YouTube handled their finances and the state of their stock before they were purchased. Also, please explain how the acquisition took place. Please provide a typed 1000 word response with sources.
In: Finance