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
|
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
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
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
Multiple choice
1- ATM accepts a credit card payment for $4,000 for service
rendered. The credit card company changes a 5% fee for handling the
transaction. Based on this information , which of the following is
false
a) Accounts Receivable - Credit card company will be debited for
$3,800
b) Crdit Card Fee Expense will be debited for $200
c) Cash will be debited for $3,800
d) Service Revenue will be credited for $4,000.
2- An accounting practice that recognizes an estimated accout,
rather than actual amount, of uncollectible accounts expense in the
period when the sales are recoreded isthe :
a) Direct write-off method.
b) Dynamic method
c) Allwance Metod
d) Collateral method
3- Ross Company spent $500 repairing a long-term asset which kept
it in notmal working order. How should the $500 cost be trasted on
the financial statements?
a) Record as maintanance expense.
b) Record as an increase in the asst account.
c) Record an an icrease in accumlated depreciation
d) All above
4- Standford loaned $25000 to Harverd on NOvember 1, 2017 for one
year at 6% interst. On December 31, 2017. Stanford records an
interst receivable of:
a) $125.
b) $250
c) $ 1,250.
d) $ 1,500
5- The current retio measures a firm's
a) Profitability
b) Ability to pay long--term liability
c) Ability to pay shot-trem liability
d) a,b and c
6- Which of the follwoing woulf NOT be classified as long-term
asset?
a) Equipment
b) Accounts Payable
c) Automobiles
d) Building
7- What is the going concern assumption?
a) Assumes that a company will go thae distance for their
customers.
b) Assumes company will go out of business for ten years
c) Assumes that a company will follow proper accounting rules
d) Assumes that the compeny will continue to operate
indefinitely
8- A clssifed balance sheet
a) Does not balance
b) Shows depits and Credits
c) Arranges assets and liabilities by liquidity
d) Lists all revenues and expenses.
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
A bond having a $1,000 face amount had a price of $750.21 in 2006, and $752.50 a year later. The coupon rate is 5%.
In: Finance