Web Wizard, Inc., has provided information technology services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts receivable method. The company entered into the following selected transactions during the first quarter of 2017:

1. During January, the company provided services for $40,000 on credit.
2. On January 31, the company estimated bad debts using 1 percent of credit sales.
3. On February 4, the company collected $20,000 of accounts receivable.
4. On February 15, the company wrote off a $100 account receivable.
5. During February, the company provided services for $30,000 on credit.
6. On February 28, the company estimated bad debts using 1 percent of credit sales.
7. On March 1, the company loaned $2,400 to an employee who signed a 6 percent note, due in six months.
8. On March 15, the company collected $100 on the account written off one month earlier.
9. On March 31, the company adjusted for uncollectable accounts, based on the following aging analysis, which includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $1,200.
10. On March 31, the company accrued interest earned on the note.

1-a. For items (a) through (j), analyze the amount and effects on specific financial statement accounts and the overall accounting equation. (Enter any decreases to the account with a minus sign.)

1-b. Prepare the journal entries for the above items. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
2. Show how the receivables related to these transactions would be reported in the current assets section of a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)
3. Name the accounts related to Accounts Receivable and Note Receivable that would be reported on the income statement and indicate whether they would appear before or after Income from Operations.

PB8-4 Accounting for Accounts and Notes Receivable Transactions [LO 8-2, LO 8-3]

Two large countries, the US and China, produce only two goods, manufactured goods and Financial services, using two factors of production, skilled and unskilled labour. The production of Financial services is relatively skill-labour intensive and manufacturing is unskilledlabour intensive. The US is relatively well endowed with skilled labour, whereas China is relatively well endowed with unskilled labour. Assume that each society's preferences over the two goods are identical.

(a) Draw the production possibilities frontier (PPF) for the US. Carefully explain the shape of the PPF. How will the PPF of China differ?

(b) Suppose there is no trade between the two countries. Explain why, in a competitive equilibrium, the relative price of Financial services must be lower in the US than in China.

(c) Explain why the neoclassical (Hecksher-Ohlin) theory of trade implies there must be an increase in the goods available for consumption in both countries as a result of opening to free trade. Does this imply that all households in each economy will gain from trade? Explain.

(d) Provide a coherent economic argument to justify a protectionist policy in China that imposes a tariff on Financial services from the US. What problems may arise in following such a strategy in the long run?

Two large countries, the US and China, produce only two goods, manufactured goods and financial services, using two factors of production, skilled and unskilled labour. The production of financial services is relatively skill-labour intensive and manufacturing is unskilled-labour intensive. The US is relatively well endowed with skilled labour, whereas China is relatively
well endowed with unskilled labour. Assume that each society‘s preferences over the two goods are identical.
(a) Draw the production possibilities frontier (PPF) for the US. Carefully explain the shape of the PPF. How will the PPF of China differ?
(b) Suppose there is no trade between the two countries. Explain why, in a competitive equilibrium, the relative price of financial services must be lower in the US than in China.
(c) Explain why the neoclassical (HecksherOhlin) theory of trade implies there must be an increase in the goods available for consumption in both countries as a result of opening to free trade. Does this imply that all households in each economy will gain from trade? Explain.
(d) Provide a coherent economic argument to justify a protectionist policy in China that imposes a tariff on financial services from the US. What problems may arise in following such a strategy in the long run?

You want to retire 35 years from today with $2.5 million in your Individual Retirement Account (IRA). You currently have 100,000.00 saved in your IRA which is earning 9.00% annually. What amount would you need to save and deposit at the beginning of each quarter to achieve your retirement goal? Note that you are making the deposits quarterly, not annually.

he following observations are obtained from a random sample of 10 individuals: Individual x y 1 9.47 5.24 2 4.21 3.04 3 6.63 4.58 4 10.7 5.73 5 8.52 4.11 6 10.1 5.57 7 4.92 3.60 8 8.28 5.77 9 7.58 4.30 10 9.21 5.01 Run a t-linear regression test on this data. (HINT: make sure you copy the numbers correctly!) What are the appropriate null and alternative hypotheses? H0:ρ=0H1:ρ<0 H0:ρ=0H1:ρ>0 H0:r=0H1:r>0 H0:r=0H1:r<0 H0:r=0H1:r≠0 H0:ρ=0H1:ρ≠0 What is the correlation coefficient? Round to 4 decimals. Number What is the coefficient of determination? Round to 4 decimals. Number Calculate the value of the test statistic. Round your response to at least 2 decimal places. |t|= Number What is the corresponding P-value for the test statistic? Round your response to at least 6 decimal places. Number Make a decision (hint: when in doubt, use the α=.05 significance level) Since α P, we the null hypothesis Help write a summary of the results of this hypothesis test: enough evidence in this sample to conclude there is a between the variables X and Y at the α= significance level because P= Number . What is the equation of the Regression line? Round the values to 4 decimal places y^= Number ⋅x+ Number

1. stock Calculate the total return percentage achieved for each individual stock from the day you selected the to the present or most recent business day. Use the formula
   
   End Share Price – Beginning Share Price + Dividends Received (if any)/Beginning Share Price.

Husky energy: End-June 23-4.69                      Beginning -April 1-3.65

Canopy Growth: end- June 23- 17.24                 Brining- April 1– 13.58

2.Annualize the percentage return for each stock; that is, calculate what your return would be if you held the stock for one year. To do this, take your returns from above, divide by the number of days the share was held, and multiply by 365.

3. Calculate the annualized return for the Husky energy and Canopy Growth Company. (Use an equal weighting for each stock.) Was your return higher or lower than the rate of inflation?

Thanks!