The company wages expense is paid every 20. With a total of 20 casual employees, the daily wage expense is Rp.4,000,000. Wages for working days after the 20th, paid on the 20th of the following month. The remaining workdays after payment of wages on October 20 are 6 days.
Make adjusting entries to be made for the preparation of the monthly financial statements as of October 31, 2015 for the transaction!
In: Accounting
On October 31, 2017, Lexington Corp. declared and issued a 12% common stock dividend. Prior to this dividend, Lexington had 302,000 shares of $0.001 par value common stock issued and outstanding. The fair value of Lexington's common stock was $16.75 per share on October 31, 2017. As a result of this stock dividend, the company's total stockholders' equity please explain in details
In: Accounting
Connie Young, an architect, opened an office on October 1, 2019.
During the month, she completed the following transactions
connected with her professional practice:
Transferred cash from a personal bank account to an account to be
used for the business, $36,000.
Paid October rent for office and workroom, $2,400.
Purchased used automobile for $32,800, paying $7,800 cash and
giving a note payable for the remainder.
Purchased office and computer equipment on account, $9,000.
Paid cash for supplies, $2,150.
Paid cash for annual insurance policies, $4,000.
Received cash from client for plans delivered, $12,200.
Paid cash for miscellaneous expenses, $815.
Paid cash to creditors on account, $4,500.
Paid $5,000 on note payable.
Received invoice for blueprint service, due in November,
$2,890.
Recorded fees earned on plans delivered, payment to be received in
November, $18,300.
Paid salary of assistants, $6,450.
Paid gas, oil, and repairs on automobile for October, $1,020.
3. Prepare an unadjusted trial balance for Connie Young, Architect,
as of October 31, 2019. If an amount box does not require an entry,
leave it blank.
In: Accounting
In: Accounting
Balance Sheets, Net Income
Financial information related to Montana Interiors for October and November 20Y8 is as follows:
| October 31, 20Y8 | November 30, 20Y8 | ||||
| Accounts payable | $ 40,000 | $ 65,000 | |||
| Accounts receivable | 75,000 | 118,000 | |||
| Capital stock | 60,000 | 60,000 | |||
| Retained earnings | ? | ? | |||
| Cash | 110,000 | 140,000 | |||
| Supplies | 15,000 | 20,000 |
a. Prepare balance sheet for Montana Interiors as of October 31, 20Y8.
| Montana Interiors | ||
| Balance Sheet | ||
| October 31, 20Y8 | ||
| Assets | ||
| $ | ||
| Total assets | $ | |
| Liabilities | ||
| $ | ||
| Stockholders' Equity | ||
| $ | ||
| Total liabilities and stockholders' equity | $ | |
Prepare balance sheet for Montana Interiors as of November 30, 20Y8.
| Montana Interiors | ||
| Balance Sheet | ||
| November 30, 20Y8 | ||
| Assets | ||
| $ | ||
| Total assets | $ | |
| Liabilities | ||
| $ | ||
| Stockholders' Equity | ||
| $ | ||
| Total liabilities and stockholders' equity | $ | |
b. Determine the amount of net income for
November, assuming that no additional capital stock was issued and
no dividends were paid during the month.
$
c. Determine the amount of net income for
November, assuming that no additional capital stock was issued but
dividends of $20,000 were paid during the month.
$
In: Accounting
The treasurer of Pablitos wants to estimate the operating cash
flow of company for the next six months.
Using the following information, build a monthly cash flow budget
for pablitos from october to March 2018.
Do you think that the treasurer should be concerned about inversting the excess of cash for a bank loan ?
Sales (40% in cash, the rest on credit at 30 days)
2017 projected
October 550 000
November 670 000
December 280 000
2018 projected
January 340 000
February 450 000
March 470 000
Purchases (60% in cash, the rest to 60 days)
2017 projected
October 380 000
November 500 000
December 440 000
2018 projected
January 300 000
February 220 000
March 470 000
Collected interests in March 160 000
Payment of debt i January 90 000
Dividends to be paid in February 80 000
Taxes to be paid in March 100 000
Salaries are monthly paid 140 000
Cash balance as of October 1, 2017 480 000
In: Accounting
I just wrote Python code to solve this problem:
Write a generator that will return a sequence of month names. Thus
gen = next_month('October')
creates a generator that generates the strings 'November',
'December', 'January' and so on.
If the caller supplies an illegal month name, your function should
raise a ValueError exception with text explaining the problem.
Here is my code:
month_names = ['January', 'February', 'March', 'April', 'May',
'June',
'July', 'August', 'September', 'October', 'November',
'December']
def next_month(name: str) -> str:
"Return a stream of the following months"
global month_names
while True:
try:
yield name
except StopIteration:
break
When I run this unit test below, I fail because it is not accepting lowercase 'december'. How can I fix this?
def test_months():
gen = next_month('October')
lst = [next(gen) for i in range(15)]
assert(lst == ['November', 'December', 'January', 'February',
'March', 'April', 'May', 'June', 'July', 'August', 'September',
'October', 'November', 'December', 'January'])
gen = next_month('december')
assert next(gen) == 'January'
test_months()
In: Computer Science
You may need to use the appropriate appendix table or technology to answer this question.
Suppose taxpayers calling the IRS in 2017 waited 13 minutes on average for an IRS telephone assister to answer. Do callers who use the IRS help line early in the day have a shorter wait? Suppose a sample of 65 callers who placed their calls to the IRS in the first 30 minutes that the line is open during the day have a mean waiting time of 11 minutes before an IRS telephone assister answers. Based on data from past years, you decide that it is reasonable to assume that the standard deviation of waiting times is 8 minutes. Using these sample results, can you conclude that the waiting time for calls placed during the first 30 minutes the IRS help line is open each day is significantly less that the overall mean waiting time of 13 minutes? Use α = 0.05.
State the null and alternative hypotheses. (Enter != for ≠ as needed.)
H0:
Ha:
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to four decimal places.)
p-value =
State your conclusion.
Reject H0. We cannot conclude that callers who use the IRS help line early in the day have a shorter wait.Reject H0. We can conclude that callers who use the IRS help line early in the day have a shorter wait. Do not reject H0. We can conclude that callers who use the IRS help line early in the day have a shorter wait.Do not reject H0. We cannot conclude that callers who use the IRS help line early in the day have a shorter wait.
In: Statistics and Probability
Suppose that you visit the nursery at Cox South and discover that it contains 21 babies. If none of them are identical siblings, then what is the probability that these 21 babies consist of 11 boys and 10 girls? *Show complete solution using binomial distribution. Explain every part of the solution.
In: Statistics and Probability
A woman runs 50 meters at 54 degrees north of east. She then runs 40 meters at 47 degrees north of east. She then runs 34 meters south of east at 30 degrees. What would her displacement be? Draw, explain, and show your work.
In: Physics