A resistor of resistance R and a capacitor of capacitance C are connected in series to an EMF of voltage E. A switch is set to the open position and the capacitor is initially uncharged. The switch is then closed. Show that when the capacitor charges that half of the energy drawn from the EMF is dissipated in the resistor and that half of the energy is stored in the capacitor.
In: Physics
how do I write this function to check if it is close?
below is checking if the function is open. I want to write another if then statement to check when that function is closed and when the queue is empty. You can use any variables or declaration as a example to show me how it is done.
if (tx.isSenderStreamOpen())
{
}
In: Computer Science
Please write down your thoughts after reading the paragraphs ie. agree or disagree and why? (Min 5 sentences 150 words + )
At the rate of these currency transactions, I feel like our currencies and economic system will slowly gravitate towards these "cryptocurriencies" and "bitcoins." People are slowly distrusting banks and the government in handling their money. As we become more reliant on technology, these online systems are more convenient and efficient to use. There are even some places where you can only pay by card instead of both cash and card. As mentioned in the Tedtalk, these online economic systems are private and anonymous. People don't like interference and to trust the government in handling their money and rather do it themselves and to be aware of their transactions.
It is also why apps like Venmo, Circle, Quickpay, WeChat, and many more money apps are popular among society now. It is paperless, convenient, and can be used in a timely fashion. I feel like banks would go digital to accommodate to this change, as some banks are already doing now. I use Chase and I have the mobile app so it is easy for me to check my savings, deposit money, and pay for goods.
In: Finance
In August 2003, 56% of employed adults in the United States reported that basic mathematical skills were critical or very important to their job. The supervisor of the job placement office at a 4-year college thinks this percentage has increased due to increased use of technology in the workplace. He takes a random sample of 530 employed adults and finds that 324 of them feel that basic mathematical skills are critical or very important to their job. Is there sufficient evidence to conclude that the proportion of employed adults who feel basic mathematical skills are critical or very important to their job has increased at the α = 0.01 level of significance?
On a separate sheet of paper, write down the hypotheses (H0 and Ha) to be tested.
Conditions:
np0(1-p0) = _______ (Round to 3
decimal places.)
The normal approximation test for
proportions (is / is
not) appropriate for this data.
Rejection Region:
To test the given hypotheses, we will use a (left
/ right / two) -tailed
test.
The appropriate critical value(s) for this test is/are________
. (Report your answer exactly as it appears in Table
V. For two-tailed tests, report both critical values in the answer
blank separated by only a single space.)
On a separate sheet of paper, sketch the rejection region(s) for this test.
In: Statistics and Probability
1. Which statements about the short-run are true?
I. Marginal cost intersects the minimum of average variable
cost.
II. Average fixed cost is always declining as the quantity
increases.
III. Marginal cost intersects the average fixed cost at the maximum
of the average fixed cost.
a. only III is true
b. only I is true
c. None of the other answers is correct
d. only II and III are true
e. only I and II are true
2. Coffee and tea are two substitute products that are both sold
in competitive markets. Coffee beans are an essential ingredient in
the production of coffee; tea leaves are an input into making tea.
We observe a price increase in both the coffee and tea markets, and
that the amount of coffee traded in the market goes down while the
amount of tea traded in the market increases.
Which of the following scenarios is consistent with the observation
in the two markets outlined above?
a. Improvements in tea leaves picking technology allow for cheaper production of tea.
b. Drought conditions reduced the supply of coffee beans.
c. None of the other answers is correct.
d. Insects killed half of the tea plants.
e. New research revealed the benefits of consuming tea.
In: Economics
Sandhill Corp., which uses IFRS, signs non-renewable,
non-cancellable lease agreement to lease robotic equipment from Xiu
Inc. The following information concerns the lease
agreement.
| Inception date | January 1, 2020 | |
| Lease term | 5 years | |
| Fair value of equipment Jan. 1, 2020 | $140,000 | |
| Economic life of leased equipment | 7 years | |
| Annual rental payments starting Jan. 1, 2020 | $23,829 | |
| Option to purchase at the end of the term | none | |
| Depreciation method | Straight-line | |
| Residual value | none | |
| Sandhill’s incremental borrowing rate | 6% |
Using (1) factor tables, (2) a financial calculator, or (3) Excel functions, calculate the amount of the right-of-use asset and lease liability.
| The amount of the right-of-use asset | $ |
Prepare the initial entry to reflect the signing of the lease
agreement. (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 |
|
Jan. 1, 2020 |
|||
Prepare an amortization schedule for the term of the lease to be
used by Sandhill. Use Excel. (Round answers to 0
decimal places, e.g. 5,275.)
| Sandhill Corp. Lease Amortization Schedule (Lessee) |
||||||||
| Date | Annual Payment |
Interest on Unpaid Liability |
Reduction of Lease Liability |
Balance of Lease Liability |
||||
| $ | ||||||||
| January 1, 2020 | $ | $ | ||||||
| January 1, 2021 | $ | |||||||
| January 1, 2022 | ||||||||
| January 1, 2023 | ||||||||
| January 1, 2024 | ||||||||
Prepare the journal entries on Sandhill Corp.’s books to record
the payments related to this lease for the years 2020 and 2021 as
well as any adjusting journal entries at its fiscal year ends of
December 31, 2020 and 2021. (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 |
|
Dec. 31, 2020 Jan. 1, 2021 Dec. 31, 2021 |
|||
| (To record depreciation) | |||
|
Dec. 31, 2020 Jan. 1, 2021 Dec. 31, 2021 |
|||
| (To record interest) | |||
|
Dec. 31, 2020 Jan. 1, 2021 Dec. 31, 2021 |
|||
|
Dec. 31, 2020Jan. 1, 2021Dec. 31, 2021 |
|||
| (To record depreciation) | |||
|
Dec. 31, 2020Jan. 1, 2021Dec. 31, 2021 |
|||
| (To record interest) |
In: Accounting
The Shamrock Pub provides catering services to local businesses.
The following information was available for The Shamrock Pub for
the years ended December 31, 2019 and 2020.
| December 31, 2019 |
December 31, 2020 |
||||||||
| Cash | $ | 2,180 | $ | 1,680 | |||||
| Accounts receivable | 46,500 | ? | |||||||
| Allowance for doubtful accounts | 530 | ? | |||||||
| Other current assets | 8,230 | 7,930 | |||||||
| Current liabilities | 38,300 | 44,700 | |||||||
| Total credit sales | 201,000 | 257,000 | |||||||
| Collections on accounts receivable | 193,000 | 230,000 | |||||||
Shamrock management is preparing for a meeting with its bank concerning renewal of a loan and has collected the following information related to the above balances.
1.The cash reported at December 31, 2020, reflects the following items: petty cash $1,560 and postage stamps $120. The other current assets balance at December 31, 2020, includes the checking account balance of $3,900.
2.On November 30, 2020, Shamrock agreed to accept a 6-month, $4,940 note bearing 12% interest, payable at maturity, from a major client in settlement of a $4,940 bill. The above balances do not reflect this transaction.
3.Shamrock factored some accounts receivable at the end of 2020. It transferred accounts totaling $10,000 to Final Factor, Inc. with recourse. Final Factor will receive the collections from Shamrock's customers and will retain 2% of the balances. Final Factor assesses Shamrock a finance charge of 3% on this transfer. The fair value of the recourse liability is $360. However, management has determined that the amount due from the factor and the fair value of the resource obligation have not been recorded, and neither are included in the balances above.
4.Shamrock charged off uncollectible accounts with balances of $1,570. On the basis of the latest available information, the 2020 provision for bad debts is estimated to be 2.5% of accounts receivable.
Based on the above transactions, determine the balance for (1) Accounts Receivable and (2) Allowance for Doubtful Accounts at December 31, 2020. (Round answers to 0 decimal places, e.g. 125.)
Accounts receivable ending balance$
Allowance for doubtful ending balance$
Prepare the current assets section of The Shamrock Pub's balance sheet at December 31, 2020. (Round answers to 0 decimal places, e.g. 125.) and,
Compute Shamrock's current ratio and accounts receivable turnover for December 31, 2020. The accounts receivable turnover in 2019 was 4.37.
In: Accounting
On January 1, 2020, Blossom Inc. agrees to buy 3 kg of gold at
$32,000 per kilogram from Golden Corp on April 1, 2020, but does
not intend to take delivery of the gold. On the day that the
contract was entered into, the fair value of this futures contract
that trades on the Futures Exchange was zero. On January 1, 2020,
Blossom is required to deposit $66 with the stockbroker as a
margin. The fair value of the futures subsequently fluctuated as
follows:
| Date | Fair Value of Futures Contract | |
|---|---|---|
|
January 20, 2020 |
$455 | |
|
February 6, 2020 |
$130 | |
|
February 28, 2020 |
$362 | |
|
March 14, 2020 |
$750 |
On the settlement date, the spot price of gold is $33,000 per
kilogram. Assume that Blossom complies with IFRS.
QUESTION:
1) Prepare the journal entry for the day the futures contract was signed.
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
January 1, 2020 |
enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount |
2) Prepare the journal entries to recognize the changes in the fair value of the futures contract.
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
| transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount |
3) Prepare the journal entry that would be required if Blossom settled the contract on a net basis on April 1, 2020.
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
April 1, 2020 |
enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| enter an account title | enter a debit amount | enter a credit amount | |
| enter an account title | enter a debit amount | enter a credit amount |
In: Accounting
Superior Markets, Inc., operates three stores in a large metropolitan area. A segmented absorption costing income statement for the company for the last quarter is given below:
| Superior Markets, Inc. Income Statement For the Quarter Ended September 30 |
||||||||||||
| Total | North Store |
South Store |
East Store |
|||||||||
| Sales | $ | 3,300,000 | $ | 760,000 | $ | 1,320,000 | $ | 1,220,000 | ||||
| Cost of goods sold | 1,815,000 | 433,000 | 711,000 | 671,000 | ||||||||
| Gross margin | 1,485,000 | 327,000 | 609,000 | 549,000 | ||||||||
| Selling and administrative expenses: | ||||||||||||
| Selling expenses | 823,000 | 234,400 | 316,500 | 272,100 | ||||||||
| Administrative expenses | 398,000 | 109,000 | 155,400 | 133,600 | ||||||||
| Total expenses | 1,221,000 | 343,400 | 471,900 | 405,700 | ||||||||
| Net operating income (loss) | $ | 264,000 | $ | (16,400 | ) | $ | 137,100 | $ | 143,300 | |||
The North Store has consistently shown losses over the past two years. For this reason, management is giving consideration to closing the store. The company has asked you to make a recommendation as to whether the store should be closed or kept open. The following additional information is available for your use:
The breakdown of the selling and administrative expenses that are shown above is as follows:
| Total | North Store |
South Store |
East Store |
|||||
| Selling expenses: | ||||||||
| Sales salaries | $ | 227,200 | $ | 65,500 | $ | 81,800 | $ | 79,900 |
| Direct advertising | 182,000 | 54,000 | 75,000 | 53,000 | ||||
| General advertising* | 49,500 | 11,400 | 19,800 | 18,300 | ||||
| Store rent | 315,000 | 88,000 | 123,000 | 104,000 | ||||
| Depreciation of store fixtures | 17,500 | 4,900 | 6,300 | 6,300 | ||||
| Delivery salaries | 21,900 | 7,300 | 7,300 | 7,300 | ||||
| Depreciation of delivery equipment |
9,900 | 3,300 | 3,300 | 3,300 | ||||
| Total selling expenses | $ | 823,000 | $ | 234,400 | $ | 316,500 | $ | 272,100 |
*Allocated on the basis of sales dollars.
| Total | North Store |
South Store |
East Store |
|||||
| Administrative expenses: | ||||||||
| Store managers' salaries | $ | 74,500 | $ | 22,500 | $ | 31,500 | $ | 20,500 |
| General office salaries* | 49,500 | 11,400 | 19,800 | 18,300 | ||||
| Insurance on fixtures and inventory | 28,000 | 8,400 | 10,500 | 9,100 | ||||
| Utilities | 107,535 | 31,695 | 39,540 | 36,300 | ||||
| Employment taxes | 55,965 | 16,005 | 21,060 | 18,900 | ||||
| General office—other* | 82,500 | 19,000 | 33,000 | 30,500 | ||||
| Total administrative expenses | $ | 398,000 | $ | 109,000 | $ | 155,400 | $ | 133,600 |
*Allocated on the basis of sales dollars.
The lease on the building housing the North Store can be broken with no penalty.
The fixtures being used in the North Store would be transferred to the other two stores if the North Store were closed.
The general manager of the North Store would be retained and transferred to another position in the company if the North Store were closed. She would be filling a position that would otherwise be filled by hiring a new employee at a salary of $10,400 per quarter. The general manager of the North Store would continue to earn her normal salary of $11,400 per quarter. All other managers and employees in the North store would be discharged.
The company has one delivery crew that serves all three stores. One delivery person could be discharged if the North Store were closed. This person’s salary is $4,300 per quarter. The delivery equipment would be distributed to the other stores. The equipment does not wear out through use, but does eventually become obsolete.
The company pays employment taxes equal to 15% of their employees' salaries.
One-third of the insurance in the North Store is on the store’s fixtures.
The “General office salaries” and “General office—other” relate to the overall management of Superior Markets, Inc. If the North Store were closed, one person in the general office could be discharged because of the decrease in overall workload. This person’s compensation is $5,700 per quarter.
Required:
1. How much employee salaries will the company avoid if it closes the North Store?
2. How much employment taxes will the company avoid if it closes the North Store?
3. What is the financial advantage (disadvantage) of closing the North Store?
4. Assuming that the North Store's floor space can’t be subleased, would you recommend closing the North Store?
|
5. Assume that the North Store's floor space can’t be subleased.
However, let's introduce three more assumptions. First, assume that
if the North Store were closed, one-fourth of its sales would
transfer to the East Store, due to strong customer loyalty to
Superior Markets. Second, assume that the East Store has enough
capacity to handle the increased sales that would arise from
closing the North Store. Third, assume that the increased sales in
the East Store would yield the same gross margin as a percentage of
sales as present sales in the East store. Given these new
assumptions, what is the financial advantage (disadvantage) of
closing the North Store? (Enter any "disadvantages" as a negative
value.)
In: Accounting
Fostering Entrepreneurship in Unlikely Places
Vic Ahmed is no stranger to business start-ups; he’s been involved in at least 15 or 20. But his latest venture is a start-up … for start-ups. Ahmed founded Innovation Pavilion, a business incubator in Centennial, Colorado (Denver’s Tech Center), in 2011. A typical business incubator provides start-up companies with workspace, mentoring, training, and sometimes a path to funding, but Innovation Pavilion goes further.
Innovation Pavilion (IP) is an 80,000 square foot “entrepreneurial ecosystem,” housing dozens of start-ups and renting out desks, office space, and event space. But it also hosts meetups, educational workshops, and a Toastmasters group designed specifically for entrepreneurs. It contains a makerspace (a workspace providing shared tools and manufacturing equipment for prototyping products) and encourages the growth of niche entrepreneurial communities based on specific industries. For example, IP has a space for IoT (the Internet of Things), one for health care, and another for aerospace. These communities bring together people in an industry to learn from and collaborate with each other.
While IP has a traditional incubator program, with companies housed within the IP campus, it has a semi-virtual hypergrowth accelerator program for more mature firms, too, which is open to companies around the country. It also seeks out educational partnerships, working with the Highland’s Ranch STEM program, for instance, and has its own educational spin-off, Xuno Innovative Learning, designed to help companies train their staff and find new employees with the skills they need. IP operates its own streaming TV service, filming educational events and interviews with entrepreneurs.
Innovation Pavilion has national expansion plans—and several signed agreements with specific cities—targeting not the giant metropolitan areas but also second tier and “ring” cities across the country, such as Joliet, Illinois, and Olathe, Kansas, smaller cities that don’t get the attention of the larger cities yet have plenty of educated and creative people.
IP is in discussions with 20 cities around the nation, with the goal of building 200,000-square-foot campuses providing incubator services, office space, makerspace, education and training, outreach to young entrepreneurs, conference centers, retail space, and even housing. Entrepreneurs will be able to live and work in a space with everything they need, providing a complete entrepreneurial ecosystem in smaller cities across the nation.
Steve Case, the cofounder of America Online (AOL), shares Vic Ahmed’s vision for entrepreneurship in mid-America. His “Rise of the Rest” bus tour has traveled 8,000 miles over the last three years, investing in local start-ups in 33 cities across the country. Case hosts a pitch competition with the best start-ups in each city, and one lucky winner receives a $100,000 investment from Case.
Media attention has focused on the entrepreneurial engines of America’s coastal cities, but Ahmed and Case have a more expansive entrepreneurial vision, in which smaller cities throughout the nation rise up alongside larger, start-up hot spots.
Critical Thinking Questions
In: Finance