scholes shoes ltd is a retailer for kids school shoes and they have produced the following unadjusted trial balance:

Scholes shoes ltd

trial balance as at December 31, 2018

the following additional information was made available at December 31, 2018

a) insurance of $1,600,000 was paid on January 1, 2018 for the period January 2018 to April 2019

b) The company building has an estimated life of (10) years and is being depreciated on the straight-line method of depreciation, down to a residual value of $0

c) The fixtures and fittings are being depreciated over (10) years on the double-declining method of depreciation, down to a residue of $128,849

d) Wages earned by the company's employees and not paid at December 31, 2018 amounted to $130,000

e) A physical count of inventory at December 31, 2018, reveals $405,000 worth of inventory on hand

f) the aging of the accounts receivable schedule at December 31, 2018 indicated that the estimated uncollectible on accounts receivable is $120,000

Required:

1) Prepare the necessary adjusting entries on December 31, 2018

2) Prepare the company's Multiple-step Income Statement for the year ended December 31, 2018

3) Prepare the company's Statement of Owner's Equity for the year ended December 31, 2018

4) Prepare the company's classified Balance Sheet at December 31, 2018

In the following various property transactions in 2018, determine the basis of property sold, as wells as the amount and character of gain or loss recognized.

a) On December 15, 2017, Tom received 100 shares of Foster Corp. as compensation for services. The adjusted basis of the stock was $4,000, and its fair market value at the time of transfer was $5,000. Tom sold the stock of February 15, 2018 for $7,500. (Sale Price: $7,500)

b) On December 15, 2017, Tom received 100 shares of Foster Corp. as compensation for services. The adjusted basis of the stock was $4,000, and its fair market value at the time of transfer was $5,000. Tom sold the stock on February 15, 2018 for $4,800. (Sale Price: $4,800)

c) In April 2018, Tom received an acre of land as a gift from uncle. At the time of the gift, the land has a FMV of $50,000. The uncle purchased the land for $40,000 in July, 2016. Tom held the land as an investment and sold it for $55,000 in May, 2018. (Sale Price: $55,000)

d) In June 2018, Hall's mother gifted her 100 shares of a listed stock. The donor's basis for this stock, which she bought in 2011, was $4,000, and market value on the date of the gift was $3,000. The donor paid no gift tax. Hall sold the stock received from her mother for $2,500 in July 2018. (Sale Price: $2,500)

e) In June 2018, Hall's mother gifted her 100 shares of a listed stock. The donor's basis for this stock, which she bought in 2011, was $4,000, and market value on the date of the gift was $3,000. The donor paid no gift tax. Hall sold the stock received from her mother for $4,500 in July 2018. (Sale Price: $4,500)

f) During 2015, Tom purchased 100 shares of preferred stock of Boling Corp. for $5,500. In May 2018, Tom received a stock dividend of 10 additional shares of Boling Corp. preferred stock. On the date of distribution, it had a fair market value of $60 per share. In December 2018, Tom sold all of 110 shares of preferred stock for $100 per share. (Sale Price: $11,000)

g) On January 5, 2017, Tom purchased for $6,000, 100 shares of Campbell Corporation common stock. On July 8, 2018, he received a nontaxable stock dividend of 10 shares of Campbell Corporation $100 par value preferred stock. On that date, the market values per share of the common and preferred stock were $75 and $150, respectively. On August 8, 2018, Tom sold the 100 shares of common stock for $9,000 and 10 shares of preferred stock for $2,300. (Sale Price: CS $9,000 / PS $2,300)

Im having problems understanding how to start this.....

Troy Freight Service provides delivery of merchandise to retail grocery stores in northern Manitoba. At the beginning of 2018, the following account balances were available:

cash 92,100
A/R 361,500
supplies 24,600
prepaid advertising 2,000
building (warehouse) 2,190,000
Accumulated depreciation (warehouse) 280,000
equipment 795,000
accumulated depreciation (equipment) 580,000
land 304,975
a/p 17,600
wages payable 30,200
notes payable (due 2022) 1,000,000
common shares 1,400,000
retained earnings, 12/31/2017 462,375

During 2018 the following transactions occurred:

a. Troy performed deliveries for customers, all on credit, for $2,256,700. Troy also made cash deliveries for $686,838.

b. There remains $286,172 of accounts receivable to be collected at December 31, 2018.

c. Troy purchased advertising of $138,100 during 2018 and debited the amount to prepaid advertising.

d. Supplies of $27,200 were purchased on credit and debited to the supplies account.

e. Accounts payable at the beginning of 2018 were paid early in 2018. There remains $5,600 of accounts payable unpaid at year-end.

f. Wages payable at the beginning of 2018 were paid early in 2018. Wages were earned and paid during 2018 in the amount of $666,142.

g. During the year, Irene Hurd, a principal shareholder, purchased an automobile costing $42,000 for her personal use.

h. One-half year’s interest at 6% annual rate was paid on the note payable on July 1, 2018.

i. Property taxes were paid on the land and buildings in the amount of $170,000.

j. Dividends were declared and paid in the amount of $25,000.

The following data are available for adjusting entries:

● Supplies in the amount of $13,685 remained unused at year-end.

● Annual depreciation on the warehouse building is $70,000.

● Annual depreciation on the warehouse equipment is $145,000.

● Wages of $60,558 were unrecorded and unpaid at year-end.

● Interest for six months at 6% per year on the note is unpaid and unrecorded at year-end.

● Advertising of $14,874 remained unused at the end of 2018.

● Income taxes of $482,549 related to 2018 are unpaid at year-end.

Required: 1.Post the 2018 beginning balances to T-accounts. Prepare journal entries for transactions a through j and post the journal entries to T-accounts, adding any new T-accounts you need.

2.Prepare the adjustments and post the adjustments to the T-accounts, adding any new Taccounts you need.

3. Prepare a statement of earnings.
4. Prepare a statement of retained earnings.

5. Prepare a classified statement of financial position.

6. Prepare closing entries.

plz help

Suppose that on January ?6, 2018?, Westfall Motors paid $ 450 comma 000 comma 000 for its 30 % investment in Power Motors. Westfall has significant influence over Power after the purchase. Assume Power earned net income of $ 50 comma 000 comma 000 and paid cash dividends of $ 15 comma 000 comma 000 to all outstanding stockholders during 2018. ?(Assume all outstanding stock is voting? stock.) Read the requirements LOADING.... Requirement 1. What method should Westfall Motors use to account for the investment in Power ?Motors? Give your reasoning. Westfall Motors should use the ? available-for-sale consolidation equity held-to-maturity method to account for its investment in Power Motors because the investment ? creates a parent-subsidiary relationship between Westfall Motors and Power Motors. in Power is a debt security that Westfall Motors plans to hold to maturity. represents a 30% ownership of Power Motors and Westfall Motors has significant influence over Power Motors. Requirement 2. Journalize all required 2018 transactions related to Westfall ?Motors's Power investment. Include an explanation for each entry. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry table. If no entry is? required, select? "No entry? required" on the first line of the Accounts and Explanation column and leave the remaining cells? blank.) Westfall Motors paid $ 450 comma 000 comma 000 for its 30 % investment in Power Motors. Date Accounts and Explanation Debit Credit 2018 Jan. 6 Power paid cash dividends of $ 15 comma 000 comma 000 to all outstanding shareholders during 2018. Date Accounts and Explanation Debit Credit 2018 Power earned net income of $ 50 comma 000 comma 000 during 2018. Date Accounts and Explanation Debit Credit 2018 Requirement 3. Post all 2018 transactions to the investment? T-account. What is its balance after all the transactions are? posted? How would this balance be classified on the balance sheet dated December? 31, 2018?? Begin by selecting the investment account and posting the 2018 transactions to the investment? T-account. Calculate the balance after all the transactions are posted. How would this balance be classified on the balance sheet dated December? 31, 2018?? This balance would be classified as ? a current asset a current liability a long-term asset a long-term liability accumulated other comprehensive income on the balance sheet dated December? 31, 2018.

Stark Engineering Solutions Melbourneknew it had a problem with recruitment when it began to lose track of its job applicants’ Curriculum Vitae’s (CV’s or resume). It frequently called the same candidates for an interview twice and from time to time, sought to interview people it had already employed. HR staff would spend up to two hours looking for an individual CV’s for a given job.

The company had existed for around 4 years and had grown very rapidly. It had around 2000 employees but planned to expand this to 6000 over the next three years. The business, with 4 offices in major Australian cities, intended to take on approximately some extra 200 employees each quarter.

The Human Resources recruitment team had started with 2 members and had grown to 12 people across the four offices. The bigger it grew, the greater the chaos and confusion. The recruitment database was maintained in an MS Excel spreadsheet and was not coordinated between the 4 offices. They were receiving an average of1000 CV’s per month – via email or in the form of the hard copy sent by candidates or by recruitment firms – for an average of around 60 vacancies across all 4 offices at any given time.

An internal review demonstrated that the company had to standardise its recruitment processes and reduce duplication. The cost per hire needed to be cut and the overall quality of the talent hired by the business needed to rise.

The company felt that these improvements would help speed response times and promote a positive image. They could also help to improve the efficiency of the recruitment staff. Stark Engineering believed that the adoption of an online recruitment platform would improve the shortlisting process and boost candidate confidentiality. It could, in time, ensure a greater diversity of job applicants.

Source: Adapted from Instructor Resources-Nankervis, A., Compton, R., Baird, M. & Coffey, J. 2017. Human Resource Management, Strategy and Practice. (9th Ed.) Australia: Cengage Learning

Questions:

1. Explain and discuss how the new online system could improve talent management and encourage a greater diversity of job applicants?

Explain the differences and similarities between parametric and non-parametric inferential statistics. When (under what circumstances) would a parametric statistic be your preferred statistic? When would a non-parametric statistic be your preferred statistic?

5. Can risk assessment be used for both familial and non familial cases of cancer?

6. What are the tests used for early detection of non familial colon cancer?

7. Is cancer age dependent? Give reasons

Classify the following system with output current given (by the equation below) as linear/non linear

i0(t)= 5 i1(t) + 8 i2 (t-10) + 0.25 i3 (t+2)

Is this linear or non linear

1. When is a pressure operated valves used?

2. Sketch a non-compensated flow control valve.
   i) Differentiate the non-compensated and pressure compensated valve.
   ii) Name 2 example of flow control valve used in industry.