Questions
Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed...

Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost of goods sold using FIFO for comparison purposes. 2017 2016 LIFO inventory $ 190 $ 140 LIFO cost of goods sold 770 710 FIFO inventory 260 165 FIFO cost of goods sold 725 — Current assets (using LIFO) 250 220 Current liabilities 170 150 1. Compute its current ratio, inventory turnover, and days' sales in inventory for 2017 using (a) LIFO numbers and (b) FIFO numbers. (Round your answers to 1 decimal place.)

In: Accounting

Create a simple python app that allows the user to create a roster of students and...

Create a simple python app that allows the user to create a roster of students and their grade on CUS-1166.

Moreover the app needs to calculate the average grade of students added to the roster.

1-To begin with, create a new file n the same working folder as part A (i.e. cus1166_lab1) and name it app.py. Moreover, create a subfolder and name it mymodules.

2-Within mymodules create the files __init__.py , models.py , math_utils.py .

3-In the models.py file define a Student class. A Student class need to have two attributes, the student_name and strudent_grade .

4-It also has three methods as follows: set_grade(grade) that sets the grade of the student. get_grade returns the grade of the student. print_student_info that print the name and grade of student in a formated string. In the math_utils.py file define a function called average_grade(roster) .

This method accepts as input a list of Student Objects and returns the average of the current roster. In the app.py file, create a main function, to create a roster of 10 students, print the list of students, and print the average score of the current roster. You can either populate the student roster interactively (i.e. by using the input method to prompt the user from the console) or hard-code the student information in your code. You app.py file must use the Student class, and the average_grade method you defined the mymodules module.

In: Computer Science

QS 16-7 Computing cash from asset sales LO P3 The following selected information is from Ellerby...

QS 16-7 Computing cash from asset sales LO P3

The following selected information is from Ellerby Company’s comparative balance sheets.

At December 31 2017 2016
Furniture $ 157,500 $ 218,500
Accumulated depreciation—Furniture (97,200 ) (119,200 )


The income statement reports depreciation expense for the year of $26,500. Also, furniture costing $61,000 was sold for its book value on December 31, 2017.

Complete the general ledger accounts to calculate the cash received from the sale of furniture.
  

Furniture
Beg. bal.
End. bal.
Accumulated Depreciation
Beg. bal.
End. bal.
Cost
Accumulated depreciation
Book value (Cash received)
Sale of short-term investments $ 3,000
Cash collections from customers 7,900
Purchase of used equipment 2,600
Depreciation expense 1,000

Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)
  

A comparative balance sheet and income statement is shown for Cruz, Inc.

CRUZ, INC.
Comparative Balance Sheets
December 31, 2017
2017 2016
Assets
Cash $ 75,900 $ 18,900
Accounts receivable, net 32,600 40,100
Inventory 68,300 75,300
Prepaid expenses 4,200 3,500
Total current assets 181,000 137,800
Furniture 84,600 99,200
Accum. depreciation—Furniture (13,100 ) (7,500 )
Total assets $ 252,500 $ 229,500
Liabilities and Equity
Accounts payable $ 11,900 $ 16,900
Wages payable 7,100 4,000
Income taxes payable 1,200 2,200
Total current liabilities 20,200 23,100
Notes payable (long-term) 24,800 58,400
Total liabilities 45,000 81,500
Equity
Common stock, $5 par value 177,300 141,500
Retained earnings 30,200 6,500
Total liabilities and equity $ 252,500 $ 229,500

   

CRUZ, INC.
Income Statement
For Year Ended December 31, 2017
Sales $ 392,900
Cost of goods sold 252,900
Gross profit 140,000
Operating expenses
Depreciation expense $ 30,200
Other expenses 71,600 101,800
Income before taxes 38,200
Income taxes expense 13,900
Net income $ 24,300

Furniture costing $67,600 is sold at its book value in 2017. Acquisitions of furniture total $53,000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale of furniture?
  

Furniture
Beg. bal.
End. bal. 0
Accumulated Depreciation
Beg. bal.
End. bal. 0
Cost
Accumulated depreciation
Book value (Cash received) $0

In: Accounting

QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company’s...

QS 16-9 Computing financing cash flows LO P3

The following selected information is from Princeton Company’s comparative balance sheets.

At December 31 2017 2016
Common stock, $10 par value $ 115,000 $ 112,000
Paid-in capital in excess of par 579,000 348,000
Retained earnings 325,500 299,500

  
The company’s net income for the year ended December 31, 2017, was $54,000.

1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017.
  

Common Stock, $10 Par
Beg. bal.
End. bal.
Paid-in Capital in Excess of Par
Beg. bal.
End. bal.
Cash received

2. Complete the T-account to calculate the cash paid for dividends during 2017.
  

Retained Earnings
Beg. bal.
End. bal.

A comparative balance sheet and income statement is shown for Cruz, Inc.

CRUZ, INC.
Comparative Balance Sheets
December 31, 2017
2017 2016
Assets
Cash $ 85,600 $ 21,300
Accounts receivable, net 36,800 45,200
Inventory 77,100 84,900
Prepaid expenses 4,700 3,900
Total current assets 204,200 155,300
Furniture 94,700 110,500
Accum. depreciation—Furniture (14,700 ) (8,400 )
Total assets $ 284,200 $ 257,400
Liabilities and Equity
Accounts payable $ 13,400 $ 19,000
Wages payable 8,000 4,500
Income taxes payable 1,400 2,500
Total current liabilities 22,800 26,000
Notes payable (long-term) 28,900 66,400
Total liabilities 51,700 92,400
Equity
Common stock, $5 par value 204,000 162,300
Retained earnings 28,500 2,700
Total liabilities and equity $ 284,200 $ 257,400

   

CRUZ, INC.
Income Statement
For Year Ended December 31, 2017
Sales $ 440,700
Cost of goods sold 283,700
Gross profit 157,000
Operating expenses
Depreciation expense $ 33,900
Other expenses 80,400 114,300
Income before taxes 42,700
Income taxes expense 15,500
Net income $ 27,200

QS 16-13 Computing financing cash outflows LO P3

1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2017?
2. Assume that no additional notes payable are issued in 2017. What cash amount is paid to reduce the notes payable balance in 2017?

Retained Earnings
Beg. bal.
End. bal.
Notes Payable
Beg. bal.
End. bal.

In: Accounting

Java Write a program to record the GPAs of a class and find the percentage of...

Java

Write a program to record the GPAs of a class and find the percentage of students in each GPA. The program first allows the user to enter the number of students enrolled in the class, and then to enter the GPA of all students one by one. For each student, the input must be between 1 and 4 inclusively. Otherwise, the software displays a message as “Invalid number!” and asks for a new GPA for the same student

Enter number of students: 8 Enter GPA for student #1 is: 1 Enter GPA for student #2 is: 5 Invalid number!

Enter GPA for student #2 is: 2 Enter GPA for student #3 is: 3 Enter GPA for student #4 is: 4 Enter GPA for student #5 is: 4Enter GPA for student #6 is: 2 Enter GPA for student #7 is: 3 Enter GPA for student #8 is: 4

                 

The total number of students is 8. *****************
GPA 1 --- 1 student(s)
GPA 2 --- 2 student(s)

GPA 3 --- 2 student(s)
GPA 4 --- 3 student(s)
******************
The percentage of students with GPA (1) is (12.5%). The percentage of students with GPA (2) is (25.0%). The percentage of students with GPA (3) is (25.0%). The percentage of students with GPA (4) is (37.5%).

Note: you should trace the GPA list just once. So, you should use an array GPAFreq with four elements; to store the frequencies of each GPA from 1 to 4.

In: Computer Science

Assume the government wants to increase GDP and income Y. It has $100 million to use....

Assume the government wants to increase GDP and income Y. It has $100 million to use. Explain why spending it on roads and bridges (government spending G) will increase Y more or less than if it used the money on transfer payments (R) such as welfare payments. You must refer to the multiplier and mathematically why one policy would be different from the other. Explain why one policy would work better than the other.

In: Economics

Marvin Bridges is a 25 percent partner in the Munson partnership. On November 23, 2017, Marvin...

Marvin Bridges is a 25 percent partner in the Munson partnership. On November 23, 2017, Marvin contributes property with an adjusted basis of $75,000 and a fair market value of $250,000 to the Munson partnership. On March 15, 2018, Marvin receives a $187,500 cash distribution from the partnership. a) Why would the IRS seek to classify the transactions as a disguised sale? b) . Assume that the IRS is successful in classifying the transactions as a disguised sale. Outline the income tax consequences to Marvin.

In: Accounting

Two separate capacitors, C1 and C2 C1 = 36 micro-Coulomb on 3 micro-Farad C2 = 72...

Two separate capacitors, C1 and C2

C1 = 36 micro-Coulomb on 3 micro-Farad

C2 = 72 uC on 5 uF

C2 had a gap of 0.2m maintained by a compressed plastic spring inside the gap, the natural spring length was 0.5m, the compressed spring length was 0.2 m. Spring constant = 8,000 micro-Newton/ meter Action: Connected the two capacitors in parallel

Part A Find Q2-new, C2-new, new gap,

Part B Find the initial total energy, the final total energy

-use the energy formulas

In: Physics

1) a car battery is rated at 90 amphour. How much charge is available in the...

1) a car battery is rated at 90 amphour. How much charge is available in the battery?

2) A +2.6 uc point charge is placed at the center of a cube with sides of length 7.5cm. What is the electric flux through two sides of the cube?

3) The amount of charge flowing though a circuit caries with time according to.. q(t)=(0.2t2-0.3t), with q in coulombs and t in seconds. Find the current through the circuit at t = 1.5 seconds.

4) Calculate the acceleration of an electron placed in a uniform electric field of magnitude 4.5*105 N/C.

In: Physics

Write a 200- to 400-word essay about the most important thing you learned while watching "Freedom...

Write a 200- to 400-word essay about the most important thing you learned while watching "Freedom of the Press." please answer based on the video- short video

watch this video by typing in youtube: Freedom of the Press: Crash Course Government and Politics #26

or link :https://www.youtube.com/watch?v=Vtpd0EbaFoQ&list=PL8dPuuaLjXtOfse2ncvffeelTrqvhrz8H&index=26

In: Economics