The following data are taken from the balance sheet at the end of the current year.

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Determine the working capital.

Explain if entrepreneurs believed on "entrepreneur is talented, success will happen in a year or two", would be most damaging in preventing entrepreneurs from being successful? Why? Explain. Your post must be 7-10 sentences, with proper spelling and grammar.

In a survey of​ four-year colleges and​ universities, it was found that 255 offered a liberal arts degree. 110 offered a computer engineering degree. 481 offered a nursing degree. 30 offered a liberal arts degree and a computer engineering degree. 211 offered a liberal arts degree and a nursing degree. 86 offered a computer engineering degree and a nursing degree. 25 offered a liberal arts​ degree, a computer engineering​ degree, and a nursing degree. 33 offered none of these degrees.

A.  How many​ four-year colleges and universities were​surveyed? There were ___​four-year colleges and universities surveyed. Of the​ four-year colleges and universities​ surveyed, how many offered

B.  a liberal arts degree and a nursing​ degree, but not a computer engineering ​degree? There are ____ ​four-year colleges and universities that offer a liberal arts degree and a nursing​degree, but not a computer engineering degree.

C.  a computer engineering ​degree, but neither a liberal arts degree nor a nursing​ degree? There are ____ ​four-year colleges and universities that offer a computer engineering ​degree, but neither a liberal arts degree nor a nursing degree.

D.  a liberal arts​ degree, a computer engineering​ degree, and a nursing​ degree? There are ____ ​four-year colleges and universities that offer a liberal arts​ degree, a computer engineering​ degree, and a nursing degree. Enter your answer in each of the answer boxes.

Stephen is admitted to the HHH Partnership on January 1 of the current year in return for his services managing the partnership’s business during the year.  The HHH partnership reports ordinary income of $200,000 for the current year.

What are the tax consequences to Stephen and to the HHH partnership if Stephen receives a 30% interest in the partnership with an $80,000 FMV.

What are the tax consequences if Stephen contributes qualifying property to the HHH partnership in addition to his professional services?

Question 5 Which of the following will result in the largest expense recorded for the year?

Select one:

A. $4,000 is paid in January for an asset with a useful life of five years.

B. $1,800 is paid in January for a two-year fire insurance policy.

C. $1,000 cash dividends are declared and paid.

D. $850 is paid to an attorney for legal services rendered during the current year.

Question 6 An asset purchased on January 1, 2015 for $60,000 that has an estimated life of 10 years will have a book value on December 31, 2020 of:

Select one:

A. $60,000.

B. $24,000.

C. $36,000.

D. $42,000.

Question 7 The United Shipping Co. borrowed $25,000 at 12% interest on March 1, 2018. The note is to be repaid, with interest, in six months. If United Shipping makes monthly adjusting entries, which of the following is included as part of the March 31 adjusting entry?

Select one:

A. Credit Interest Payable $250.

B. Credit Interest Expense $250.

C. Debit Prepaid Interest $250.

D. Debit Interest Receivable $250.

Question 8 As of January 31, Princess Company owes $500 to Butler Co. for equipment rented during January. If no adjustment is made for this item at January 31, how will Princess's financial statements be affected?

Select one:

A. Cash will be overstated at January 31.

B. Net income for January will be understated.

C. Owners' equity will be overstated.

D. The financial statements will be accurate since the $500 does not have to be paid yet.

Question 9 An engineering firm provided services on 12/31/2018. Payment is due in 30 days. An adjusting entry is required: Select one:

A. To record uncollected revenue.

B. To record unearned revenue.

C. To record accrued liability.

D. To record prepaid revenue.

Question 10 Which of the following accounting principles are applied to help achieve the goals of accrual accounting? Select one: A. Business entity concept and realization principle.

B. Realization principle and matching principle.

C. Matching principle and safety principle.

D. Cost principle and the accounting equation.

Ringmeup had a net income of 165200 for the year ended Dec31,2016At the beginning of the year 37000 sharesof common stockwere outstanding. On May1 an additional 15000 shares were issued. On Dec2. the Comp purchased 4900 shares of its own common stock and held them as treasury stock until the end of the year. During the year Ringmeup paid annual divedend of 8000 shares of 3.80% 100 per value preferred stock that were outstanding the entire year. Calculate basic earning per share of common stock that were outstanding the entire year

In a survey of​ four-year colleges and​ universities, it was found that 255 offered a liberal arts degree. 110 offered a computer engineering degree. 481 offered a nursing degree. 30 offered a liberal arts degree and a computer engineering degree. 211 offered a liberal arts degree and a nursing degree. 86 offered a computer engineering degree and a nursing degree. 25 offered a liberal arts​ degree, a computer engineering​ degree, and a nursing degree. 33 offered none of these degrees.

A.  How many​ four-year colleges and universities were​ surveyed? There were ___​four-year colleges and universities surveyed. Of the​ four-year colleges and universities​ surveyed, how many offered

B.  a liberal arts degree and a nursing​ degree, but not a computer engineering ​degree? There are ____ ​four-year colleges and universities that offer a liberal arts degree and a nursing​ degree, but not a computer engineering degree.

C.  a computer engineering ​degree, but neither a liberal arts degree nor a nursing​ degree? There are ____ ​four-year colleges and universities that offer a computer engineering ​degree, but neither a liberal arts degree nor a nursing degree.

D.  a liberal arts​ degree, a computer engineering​ degree, and a nursing​ degree? There are ____ ​four-year colleges and universities that offer a liberal arts​ degree, a computer engineering​ degree, and a nursing degree. Enter your answer in each of the answer boxes.

Prepare a contribution margin income statement (also called a variable-costing income statement) for the manufacturing company for the upcoming year. Key in proper headings.

Check figure: Operating profit (operating income) of $14,295,000.

Compute the company’s contribution margin per unit and contribution margin percentage for the upcoming year. The contribution margin percentage is calculated as contribution margin per unit / selling price per unit or as total contribution margin / total revenue. Make these calculations below your income statement. Clearly label these calculations.

Calculate the company’s breakeven point in units for the upcoming year. Make this calculation below your contribution margin calculations. Use Excel’s “round” function to round up to the nearest whole number. To do this, move your curser to the cell beside the decimal number and key in the following formula: =ROUNDUP(cell reference,0). The italicized cell reference means you need to key in the cell where the decimal number is located (e.g., F12). The number 0 means zero decimal places. Clearly label this calculation.

Calculate the company’s breakeven point in sales dollars for the upcoming year. Make this calculation below your breakeven calculation in units and use the company’s contribution margin percentage to make this calculation. Clearly label this calculation.