Let A be a set of real numbers. We say that A is an open set if for every x0 ∈ A there is some δ > 0 (which might depend on x0) such that (x0 − δ, x0 + δ) ⊆ A. Show that a set B of real numbers is closed if and only if B is the complement of some open set A
In: Advanced Math
Create a un-order list that displays each day of the week with
corresponding office hours.
Set M-F for 9-5pm, Sat 10-2pm, Sun -closed. Use 3 spaces between
the day and time.
Example: Monday [3 spaces] 9am – 5pm
In: Computer Science
Spiders have what kind of circulation?
A. Closed circulation with blood vessels
B. Intermediate circulation with some vessels and some areas where the fluid moves directly around tissues
C. Open circulation with fluid bathing all organs and tissues
D. None of the above
In: Biology
On September 1, 2020, a consignor consigned 10,000 units of inventory which costs P12 per unit and sells for P15 per unit. Freight charges of P15,000 were paid by the consignee. The consignee was able to sell 6,000 units from September 1 to November 30, 2020, and incurred. On December 1, 2020, the products were marked to sell for P13 per unit to accommodate the Christmas rush. During December, the consignee was able to sell 3,000 more units. The discounted price lasted until February 28, 2021. The consignee is entitled to a commission of 10% of the selling price of the products. For the period ending December 31, 2020, the consignor will report a net loss from this consignment arrangement amounting to:
In: Accounting
Suppose you have purchased 1,000 BHP common stocks in Australia since August 2019. (students are required to get the relevant data by themselves)
Please list the monthly closing prices of BHP common stock in Australia from August 2019 to July 2020. Using the monthly closing prices to calculate:
The holding period rate of return from August 2019 to July 2020.
The holding period rate of return from August 2019 to July 2020, if you use a margin account with 40% of initial margin (ignore the interest paid on margin loans).
The holding period rate of return from August 2019 to July 2020 if you purchased only 500 BHP common stocks.
In: Finance
On January 1, 2020, the company signed on a lease contract which qualifies as finance lease. It calls for annual payments of $52,538 at 1/1/2020 for the first payments, and 12/31 of each year thereafter over a six-year lease term. The present value of total lease payment is $280,000 under 5% annual interest rate. Make journal entries for each of following dates, including any interest or amortization expenses.
January 1, 2020, signs the lease contract and makes the first payment of $52,538:
December 31, 2020, fiscal year-end, the second payment of $52,538:
December 31, 2021, fiscal year-end, the third payment of $52,538:
In: Accounting
The following is selected financial information for Qualmart, Inc. for its year ending January 31, 2021:
|
Retained earnings, January 31, 2020 …….. |
$153,790 |
|
Stock issuance ……………………………… |
1,235 |
|
Contributed capital, January 31, 2020 … |
9,470 |
|
Net income ……………………………………… |
32,560 |
|
Other stockholders’ equity changes…… |
(592) |
|
Dividends …………………………………………. |
14,930 |
|
Other stockholders’ equity, January 31, 2020 |
2,463 |
Prepare a statement of stockholders' equity for 2021 for Qualmart.
|
Qualmart, Inc. Statement of Stockholders' Equity For Year Ended January 31, 2021 |
||||||
|
Contributed Capital |
Retained Earnings |
Other |
Total |
|||
|
Balance, January 31, 2020 |
||||||
|
Stock issuance |
||||||
|
Net income |
||||||
|
Dividends |
||||||
|
Other stockholders’ equity changes |
||||||
|
Balance, January 31, 2021 |
||||||
In: Accounting
On March 1, 2020, Crane Company sold goods to Goosen Inc. for
$702,000 in exchange for a 5-year, zero-interest-bearing note in
the face amount of $1,182,911 (an inputed rate of 11%). The goods
have an inventory cost on Crane’s books of $395,000.
(a) Prepare the journal entries for Crane on March
1, 2020. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no
entry is required, select "No entry" for the account titles and
enter 0 for the amounts.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|
Mar. 1, 2020 |
|||
|
(To record sales) |
|||
|
(To record cost of goods sold) |
(b) Prepare the journal entries for Crane on
December 31, 2020.
In: Accounting
On January 1st 2020, B Ccompany Acquired 12,500 of the 50,000 shares (25%) of the common stock of C company for $30 per share. Per C company's annual report for the year ending 12/31/2020 they reported a net income of $210,000 and declared/paid total cash dividends of $100,000. C Company's stock price had a fair value of $31 per share on December 31, 2020.
After considering the impact of the above information, complete the table below assuming significant influence and no significant influence.
| Significant Influence | No Significant Influence | |
| Investment Amount reported on the B/S 12/31/20 | ||
| Impact on the Income Statement for Year ending 12/31/2020 |
In: Accounting
On January 1, 2020, Blue Animation sold a truck to Peete Finance
for $40,000 and immediately leased it back. The truck was carried
on Blue’s books at $35,000. The term of the lease is 5 years, there
is no bargain purchase option, and title does not transfer to Blue
at lease-end. The lease requires 5 equal rental payments of $9,239
at the end of each year (first payment on January 1, 2018). The
appropriate rate of interest is 5%, the truck has a useful life of
5 years, with no expected residual value at the end of the lease
term.
Prepare Blue’s 2020 journal entries.
| Date | Account Titles & Explanation | Debit | Credit |
| 01/01/2020 | Cash | 40,000 | |
| ???? | 40,000 | ||
| 12/31/2020 | ???? | ||
| ???? |
In: Accounting