1. A plane is initially 350 km away from Louisville in the direction 30.0◦ north of west traveling due south at a speed of 160 km/hr. Three hours later, the plane is 190 km due south of Louisville traveling at a speed of 150 km/hr in the direction 40.0◦ north of east.
(a) Draw the vector diagram you would use to calculate the average velocity. Make sure you label all your vectors and clearly indicate their direction.
(b) What is the average velocity (including magnitude and direction)?
(c) Draw the vector diagram you would use to calculate the average acceleration. Make sure you label all your vectors and clearly indicate their direction.
(d) What is the average acceleration (including magnitude and direction)?
In: Physics
ABC Co. lends DEF Co. $30,000 with 6% on October 1, 2019. The note is due on September 30, 2020. Both companies use December 31 as their fiscal year-end.
Please make all journal entries for ABC Co. assuming
a. The note is an interest bearing note
b. The note is a non-interest bearing note
Please make all journal entries for DEF Co. assuming
c. The note is an interest bearing note
d. The note is a non-interest bearing note
In: Accounting
ABC Co. lends DEF Co. $30,000 with 6% on October 1, 2019. The note is due on September 30, 2020. Both companies use December 31 as their fiscal year-end.
Please make all journal entries for ABC Co. assuming
a. The note is an interest bearing note
b. The note is a non-interest bearing note
Please make all journal entries for DEF Co. assuming
c. The note is an interest bearing note:
d. The note is a non-interest bearing note:
In: Accounting
Great Life Co. commence business on October 1 of the current year. The following data summarized the operation at 100% of capacity during October results of Great Life Co.
Production |
1,000 units |
Sales ($120 per unit) |
800 units |
Ending Inventory |
200 units |
Total Cost of goods manufactured |
$62,500 |
Fixed manufacturing costs |
$35,000 |
Total Selling and Administrative expenses |
$15,000 |
Fixed Selling and Administrative expenses |
$6,000 |
Required:
(a) |
Prepare an income statement using absorption costing. |
(b) |
Prepare an income statement using variable costing. |
(c) |
Explain which one will best suit for the management decision |
In: Accounting
The Twisty Tie Dye Co. was formed and began operations in September 2017. The company sells one product; a fabulous, ultra soft plush poncho handmade from French cotton terry. All of the Twisty Tie Dye Co. sales are on account. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 10% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data for the company for the first 4 months of operations:
September | October | November | December | |
Total Sales | $400,000 | $600,000 | $500,000 | $700,000 |
Cash receipts for the month of October and December are?
In: Accounting
Bank reconciliation and entries
Instructions
Chart of Accounts
Amount Descriptions
Bank Reconciliation
Journal
Final Question
X
Instructions
The cash account for American Medical Co. at April 30 indicated a balance of $97,456. The bank statement indicated a balance of $127,960 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:
A. | Checks outstanding totaled $30,050. |
B. | A deposit of $19,720, representing receipts of April 30, had been made too late to appear on the bank statement. |
C. | The bank collected $22,149 on a $20,700 note, including interest of $1,449. |
D. | A check for $1,450 returned with the statement had been incorrectly recorded by American Medical Co. as $145. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account. |
E. | A check drawn for $290 had been erroneously charged by the bank as $920. |
F. | Bank service charges for April amounted to $40. |
Instructions | |
1. | Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.“Deduct:” or “Add:” will automatically appear if it is required. |
2. | Journalize the necessary entries. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account titles. |
3. | If a balance sheet is prepared for American Medical Co. on April 30, what amount should be reported as cash? |
In: Accounting
In: Accounting
1. Garr Co. issued $6,000,000 of 12%, 5-year
convertible bonds on December 1, 2020 for $6,025,480 plus accrued
interest. The bonds were dated April 1, 2020 with interest
payable
April 1 and October 1. Bond premium is amortized each interest
period on a straight-line basis. Garr Co. has a fiscal year end of
September 30.
On October 1, 2021, $3,000,000 of these bonds were converted into 42,000 shares of $15 par common stock. Accrued interest was paid in cash at the time of conversion.
In: Accounting
Tiffany and Joe have just had a baby and are very
surprised to learn that their baby is albino with very pale skin
and hair color. Tiffany‘s sister has come to see the new baby, so
Joe goes out to talk with his sister Vicky. Joe is very angry. He
tells Vicky, "I think Tiffany had an affair with Frank! He’s the
only albino we know. Obviously, Tiffany and I aren't albino, so
Frank must be the father."
1. Luckily, Vicky remembers her high school biology, so she
explains, “Two parents with normal skin and hair color can have an
albino baby, if they are heterozygous and carry a recessive allele
for albinism.” She draws a Punnett Square to show this. Draw the
Punnett Square. Use A for the dominant allele that results
in normal skin and hair color and a for the recessive allele
that can result in very pale skin and hair color.
2. Joe is still mad and he doesn't understand Vicky's
explanation. He says "You aren't even speaking English! What does
heterozygous mean? What's a recessive allele? And what's the
connection between alleles and skin color?" Answer his
questions.
3. Joe says "Okay, I'm beginning to understand, but what are
zygotes? What's the connection between the zygotes in the Punnett
square and our baby?" Answer Joe's questions.
In: Biology
2. Summarizing interval data - Frequency distributions and histograms
The Dow Jones Industrial Average (DJIA) is a stock index of 30 of the leading companies in the main industries of the United States. It is the second-oldest continuing U.S. market index (after the Dow Jones Transportation Average).
Companies in the DJIA are classified into 10 industries according to the Industry Classification Benchmark (ICB), a classification system developed by Dow Jones & Company and the FTSE Group. Although the DJIA was originally meant to describe the industrial component of the U.S. market, today the modifier “Industrial” in its name is mainly historical. As Table 1 shows, many of its companies have little to do with heavy industry. Table 1, located in the following DJIA Table dropdown menu, shows the companies’ names, ICB classifications, and market capitalizations.
DJIA Table
Table 1
No. |
Company |
Industry |
Capitalization |
---|---|---|---|
(Billions of dollars) |
|||
1 | International Business Machines Corp. | Technology | 129.9 |
2 | Chevron Corp. | Oil and Gas | 86.1 |
3 | Exxon Mobil Corp. | Oil and Gas | 81.5 |
4 | Caterpillar Inc. | Industrials | 70.9 |
5 | 3M Co. | Industrials | 68.9 |
6 | Boeing Co. | Industrials | 68.1 |
7 | Johnson & Johnson | Health Care | 67.8 |
8 | United Technologies Corp. | Industrials | 64.1 |
9 | Procter & Gamble Co. | Consumer Goods | 63.7 |
10 | McDonald’s Corp. | Consumer Services | 60.4 |
11 | Wal-Mart Stores Inc. | Consumer Services | 57.9 |
12 | Coca-Cola Co. | Consumer Goods | 50.0 |
13 | E.I. DuPont de Nemours & Co. | Basic Material | 44.2 |
14 | Hewlett-Packard Co. | Technology | 43.4 |
15 | American Express Co. | Financials | 42.2 |
16 | JPMorgan Chase & Co. | Financials | 40.0 |
17 | Merck & Co. Inc. | Health Care | 37.7 |
18 | Verizon Communications Inc. | Telecommunications | 35.5 |
19 | Alcoa Inc. | Basic Material | 33.8 |
20 | AT&T Inc. | Telecommunications | 32.1 |
21 | Walt Disney Co. | Consumer Services | 30.9 |
22 | General Electric Co. | Industrials | 28.0 |
23 | Bank of America Corp. | Financials | 27.5 |
24 | Microsoft Corp. | Technology | 25.9 |
25 | American International Group Inc. | Financials | 25.1 |
26 | Home Depot Inc. | Consumer Services | 23.4 |
27 | Intel Corp. | Technology | 22.1 |
28 | Citigroup Inc. | Financials | 19.4 |
29 | Pfizer Inc. | Health Care | 18.3 |
30 | General Motors Corp. | Consumer Goods | 13.2 |
Total | 1,412.0 |
Table 2 divides the range of the market capitalization of the DJIA companies into six intervals and gives some of their frequencies and relative frequencies. Based on the information provided in Table 1, use the dropdown menus to fill in the rest of Table 2.
Table 2 |
||
---|---|---|
Market Capitalization |
Frequency |
Relative Frequency |
(Billions of dollars) |
||
110 to 130 | 1 | 0.03 |
90 to 110 | 0 | 0.00 |
70 to 90 | 3 | 0.10 |
50 to 70 | ||
30 to 50 | 10 | 0.33 |
10 to 30 | ||
Total | 30 | 1.0 |
On the following graph, create a relative frequency histogram of the companies’ market capitalizations based on the distribution in Table 1 by using the blue rectangles (drag the circle symbols to increase or decrease the size) to draw each individual bar of the histogram. (Hint: Do not place a rectangle when the frequency of the class is zero.)
10305070901101301.000.800.600.400.200RELATIVE FREQUENCYMARKET CAPITALIZATION (Billions of dollars)
The relative frequency distribution of the market capitalizations is .
In: Statistics and Probability