Questions
In January 2006, astronomers reported the discovery of a planet comparable in size to the earth...

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...

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...

  1. 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...

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

Discuss stem cell research, addressing the following items: List the sources of stem cells (at least...

Discuss stem cell research, addressing the following items:

List the sources of stem cells (at least four).
Explain which sources have been used successfully.
Describe the scientific research related to the use of stem cells.
2. Define the following:

stem cell
pluripotent
embryonic stem cell
adult stem cell
3. Additionally, a new source of pluripotent stem cells was reported in the fall of 2006. This source is not given in the list above; if you are able to identify the source, please discuss this as well. Be sure to cite all sources (online and print) using a reference page.

In: Psychology

Required --------   Prepare the journal entries for the above transaction using the accounts in the Chart...

  1. Required --------   Prepare the journal entries for the above transaction using the accounts in the Chart of Accounts; Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accounts Payable, Notes Payable, Capital, Owners Withdrawal, Fees Earned, Insurance Expense, Rent Expense, Automobile Expense, Salary Expense. (Please show debits and credits)

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...

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....

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...

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 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%.

  1. What was the Current Yield (CY) of this bond?
  2. What was the Capital Gain Yield (CGY)?
  3. What was the Yield to Maturity (YTM)?

In: Finance