Questions
This is a heat transfer problme. Prove that Nu=4.36 for fully-developed laminar flow in a tube...

This is a heat transfer problme.

Prove that Nu=4.36 for fully-developed laminar flow in a tube subject to a constant surface heat flux boundary condition.

This was posted before but it was a bit unclear, thanks!

In: Mechanical Engineering

What is a national interest? What kinds of national interests are there? What is a vital...

What is a national interest? What kinds of national interests are there? What is a vital interest, and why is the boundary between vital and less than vital interest contentious but critical to questions of national security/

In: Economics

Write a program to solve the boundary value problem ? ′′ = ? ′ + 2?...

Write a program to solve the boundary value problem ? ′′ = ? ′ + 2? + cos ? for ? ? [0, ?/2] with ?( 0) = 0.3, ?( ?/ 2) = 0.1. Check your numerical solution with actual using necessary plot.(MATLAB)

In: Advanced Math

Let f(x, y) =x^2+ 3y^2−2x−12y+ 13 on the domain A given by the triangular region with...

Let f(x, y) =x^2+ 3y^2−2x−12y+ 13 on the domain A given by the triangular region with vertices (0,0),(0,6), and (2,0).

Find the maximum of f on the boundary of A.

In: Math

Find the Green's function for each of the following problem, and determine the solution of each...

Find the Green's function for each of the following problem, and determine
the solution of each of the following boundary-value problem:
y" + 4y = e^x
y(0) = 0
y'(1) = 0

In: Advanced Math

Define the attributes listed below for a toaster, and provide a reasonable goal that would motivate...

  1. Define the attributes listed below for a toaster, and provide a reasonable goal that would motivate analyzing the systems.
    • System boundary
    • Inputs
    • Outputs
    • Sub-systems
    • Interconnections (in a graphical format)
    • System order

In: Computer Science

Osborn Reynolds discovered that the flow regime depends mainly on the ratio of the inertia forces...

Osborn Reynolds discovered that the flow regime depends mainly on the ratio of the inertia forces to viscous forces in the fluid. With your own understanding and justification, analyze the effects of frictional factor to the boundary layer.

In: Other

Discuss the major components of the Sarbanes-Oxley Act of 2002 and Corporate Governance?

Discuss the major components of the Sarbanes-Oxley Act of 2002 and Corporate Governance?

In: Finance

Describe the internal control principle of “Risk Assessment” as presented in COSO’s 2013 Framework, SOX 2002...

Describe the internal control principle of “Risk Assessment” as presented in COSO’s 2013 Framework, SOX 2002 Sections 404 & 302, and PCAOB’s AS 5.

Compare the internal control effectiveness of the Internal Control-Integrated Framework issued by COSO, the Sarbanes-Oxley Act of 2002, Section 404 “Internal Control over Financial Reporting Requirements”, and PCAOB’s AS 5 “an Audit of Internal Control over Financial Reporting that is integrating with an Audit of Financial Statements.”

In: Accounting

CAC 510 FINANCIAL ACCOUNTING Assignment 7 Questions Case: The 10 Beach Hut by Dana Gillett and...

CAC 510 FINANCIAL ACCOUNTING

Assignment 7 Questions

Case: The 10 Beach Hut by Dana Gillett and Julie Harvey, Richard Ivey School of Business

1. What was Mandy Arlington’s business?

2. What was Mandy Arlington’s brand name?

3. Explain what “sole proprietorship” is.

4. Would you say the idea of sole proprietorship was in line with the vision of the protagonist? Advise Mandy on this issue.

                5. Losses were incurred in the first few years. a. Comment about this.

                b. After how many years was a profit made?

                c. How do you explain the fact that the business made losses for all the years you have indicated and yet was able to survive?

6. In exhibit 2, there is an item “drawings”. Explain its meaning in regard to (1) sole proprietorship and (2) Company

7. Using Exhibit 3;

(a) Explain what is meant by “prepaids.”

(b) Compute the working capital of the business for 2003 and 2004. Explain what your figures mean.

THE 10 BEACH HUT

Upon graduation, a young business school student, Mandy Arlington, decided to follow her dream of becoming a clothing designer. After much thought, she decided to design her own line of beachwear to be sold in beach towns across the province of Ontario in Canada. Arlington would design the clothing and have it produced by a local manufacturer. After researching suppliers, manufacturers, vendors and office locations, Arlington’s clothing line, The 10 Beach Hut, was launched as a sole proprietorship in January of 2001, in time for the upcoming spring season. Operations started slowly and losses were incurred in the first few years; however, by 2004, sales resulted in a profit as demand grew for the 10 beach Hut wear. Selected financial statements for 2003 and 2004 are shown in Exhibits 1, 2 and 3.

Exhibit 1

STATEMENT OF EARNINGS

For the year ending December 31, 2004

Net Sales                                                                            $   296,475

Cost of goods sold                                                                    221,109

Gross profit                                                                                  75,366

Operating expenses

Selling and administration                     $   48,384

Amortization                                                  6,106

Interest                                                        14,115

                                                                                                    68,605

Net income                                                                              $    6,761

Additional note regarding 2004 operations:

The owner made an additional $5,580 capital in October 2004 (see Exhibit 2).

Exhibit 2

STATEMENT OF CAPITAL

For the year ending December 31, 2004

Beginning Capital (2003)                                      $ 45,627

Net income                                                                 6,761

Capital investment                                                      5,580

                                                                                 57,968

Less: drawings                                                           3,283                

Ending capital (2004)                                            $ 54,685

Exhibit 3

BALANCE SHEETS

For the years ending December 31, 2003 and 2004

ASSETS                                       2004                                       2003

Current assets:

Cash                                                   $ 3,939                                                      $ 1,970

Accounts receivable                             73,856                                                        60,726

Inventory                                               65,322                                                        58,100

Prepaids                                                  1,313                                                          1,641

Total current assets                                             $144,430                                                  $122,437                

Fixed assets¹:

Land                                                       16,084                                                       16,084

Building & fixtures                $ 79,764                                  $ 72,543

Less: accum.amortization        20,548     59,216                     14,442                       58,101

Total net fixed assets                                             75,300                                                        74,185

Total assets                                                    $    219,730                                                 $ 196,622

LIABILITIES & OWNER’S EQUITY

Current liabilities:

Bank indebtedness                                          $     32,760                                                  $   23,962

Accounts payable                                                    40,375                                                      31,840

Total current liabilities                                              73,135                                                      55,802

Long-term debt                                                         91,910                                                     95,193    

Total Liabilities                                                          91,910                                                    95,193

   

Owner’s equity:

Owner, capital                                                           54,685                                                   45,627

Total liabilities and owner’s equity                    $   219,730                                              $   196,622

  

¹ Several fixed assets worth $7,221 were purchased throughout the year, however, no fixed assets were sold during the year.

In: Accounting