You are working for The Wellington Company on temporary assignment while one of the accountants is on family leave. You have been asked to review the company’s investment

The balance sheet caption used to report long-term investments in stocks not intended as a source of cash in the normal operations of the business.

journal entries and provide necessary information to the accountant preparing the financial statements.

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JOURNAL

The accountant preparing the financial statements has asked you to provide the fair value as of the end of the year for the investments. Present the information as it would be shown on the financial statements. Last year, The Wellington Company reported costs of $68,000 in trading investments and $82,000 in available-for-sale investments. Refer to the journal entries shown on The Wellington Company panel. Assume that all investments sold during this year were trading investments and that purchases during the year were new investments.

Which of the following is a TRUE statement regarding the treatment of scrap by a​ firm?

A. Revenue received from the sale of scrap on a job lowers the total costs for that job.

B. Scrap is always allocated to a specific job.

C. Scrap is separated between normal and abnormal scrap.

D. There are costs assigned to scrap.

A firm is producing and selling some output at an average variable cost of $8 per unit and bringing in a total revenue of $400. If the firm is currently indifferent between shutting down and continuing to operate in the short run and has a total fixed cost of $600, what is the firms average total cost?

1.) Explain why the notes are an integral part of the financial statements

2.) Explain why the characteristics of comparability and consistency are important in financial reporting

3.) Explain the differences between accounts payable, short-term debt, current maturities of long-term debt, accrued liabilities and unearned revenue.

You opened an account and deposited X Dollars on January 1, 2002 in National City Bank. Any balance in the account will earn 5% per year. You withdrew $500 on January 1, 2006 and $500 on January 1, 2008. You closed out this account on January 1, 2011 and received $700. How much did you initially deposit (X) in National City at the time you opened the account?

What are the B-values?

What is self-actualization, and what are the criteria for self-actualization?

What 15 tentative qualities did Maslow find characterize self-actualizing people?

Describe the research methods and results from Reiss & Havercamp (2006) and from Lyubomirsky et al. (2011).

Rogers developed his personality theory largely based on what type of experiences?

Define the key aspects of Rogers’ therapeutic approach.

The following table shows the past annual returns for Stock A and Stock B, please find the expected return, standard deviation and coefficient of variation for Stock A, Stock B and a Portfolio that puts 40% weight on Stock A and 60% weight on Stock B.

Year Stock A Returns Stock B Returns

2005 10.30%    10.71%

2006 -0.10% 25.00%

2007 23.30% 0.38%

2008 2.20% 26.20%

2009 14.00% 11.52%

You are conducting a test of independence for the claim that there is an association between the row variable and the column variable.

What is the chi-square test-statistic for this data?
χ2=

Report all answers accurate to three decimal places.

You are conducting a test of the claim that the row variable and the column variable are dependent in the following contingency table.

Give all answers rounded to 3 places after the decimal point, if necessary.

(a) Enter the expected frequencies below:

(b) What is the chi-square test-statistic for this data?
      Test Statistic: χ2=

(c) What is the critical value for this test of independence when using a significance level of αα = 0.01?
      Critical Value: χ2=

(d) What is the correct conclusion of this hypothesis test at the 0.01 significance level?

• There is not sufficient evidence to support the claim that the row and column variables are dependent.
• There is not sufficient evidence to warrant rejection of the claim that the row and column variables are dependent.
• There is sufficient evidence to support the claim that the row and column variables are dependent.
• There is sufficient evidence to warrant rejection of the claim that the row and column variables are dependent.

Problem 15-27 Gubser Welding, Inc., operates a welding service for construction and automotive repair jobs. Assume that the arrival of jobs at the company's office can be described by a Poisson probability distribution with an arrival rate of two jobs per 8-hour day. The time required to complete the jobs follows a normal probability distribution, with a mean time of 3.2 hours and a standard deviation of 2 hours. Answer the following questions, assuming that Gubser uses one welder to complete all jobs:

What is the mean arrival rate in jobs per hour? If required, round your answer to two decimal places.

What is the mean service rate in jobs per hour? If required, round your answer to four decimal places.

What is the average number of jobs waiting for service? If required, round your answer to three decimal places.

What is the average time a job waits before the welder can begin working on it? If required, round your answer to one decimal place.

What is the average number of hours between when a job is received and when it is completed? If required, round your answer to one decimal place. hours

What percentage of the time is Gubser's welder busy?

1

Write a few sentences addressing each of these prompts.

1. In your own words, what is the difference between electric force, electric field, and electric charge? You may find it easier to describe how the three concepts are related.

2. If two charges are observed to repel one another, what can you say about the sign of each? What if the two attract one another? With only this information (whether they attract or repel) can you identify which charge is which type (positive or negative)? What does this mean about the assignment of “positive” or “negative” charge?

3. In a very contrived situation, two students are discussing the following problem.

   “A point charge of 2 μC is placed in an electric field and experiences a force of 27 N. Find the electric field. The 2 μC charge is removed and replaced with a 4 μC charge. What is the electric field now?”

   One student insists the field is 13.5 N/C in both cases and the other says it is 13.5 N/C in the first case and 6.75 N/C in the second case. Why might each student take their stated position and which one is correct? Provide an argument based on the physics that could help the incorrect student see their error.