On October 1, 2018, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the business:

Enter the following transactions on Page 2 of the two-column journal:

Required:

1. Journalize and insert the posting references for each transaction in a two-column journal beginning on Page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited. For a compound transaction, if an amount box does not require an entry, leave it blank.

2. Post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references in the general journal as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted. If an amount box does not require an entry, leave it blank.

3. Prepare an unadjusted trial balance for Intrex Designs as of October 31, 2018. List all accounts in the order of Assets, Liabilities, Stockholders’ equity, Revenues, and Expenses.For those boxes in which no entry is required, leave the box blank. The first two account titles are filled in as an example.

4. Determine the excess of revenues over expenses for October.
$

5. Why the amount determined in above might not be the net income for October?

1. Because the dividends are declared but not paid
2. Because the cash balance is incorrect.
3. Because the closing inventory balance is missing
4. Because necessary adjustment to expenses, like depreciation has not been made.

Arctic Guide Service provides guided 1–5 day hiking tours throughout the Arctic Mountains. Jungle Tours hires Arctic to lead various tours that Jungle sells. Arctic receives $2,000 per tour day, and shortly after the end of each month Arctic learns whether it will receive a $200 bonus per tour day it guided during the previous month if its service during that month received an average evaluation of “excellent” by Jungle customers. The $2,000 per day and any bonus due are paid in one lump payment shortly after the end of each month.

• On July 1, based on prior experience, Arctic estimated that there is a 30% chance that it will earn the bonus for July tours. It guided a total of 8 days from July 1–July 15.
• On July 16, based on Arctic’s view that it had provided excellent service during the first part of the month, Arctic revised its estimate to an 80% chance it would earn the bonus for July tours. Arctic also guided customers for 12 days from July 16–July 31.
• On August 5 Arctic learned that it did not receive an average evaluation of “excellent” for its July tours, so it would not receive any bonus for July, and received all payment due for the July tours.

Arctic bases estimates of variable consideration on the most likely amount it expects to receive.

Required:

1. Prepare Arctic’s July 15 journal entry to record revenue for tours given from July 1–July 15.
2. Prepare Arctic’s July 31 journal entry to record revenue for tours given from July 16–July 31.
3. Prepare Arctic’s August 5 journal entry to record any necessary adjustments to revenue and receipt of payment from Jungle.

Trend Analysis - The following data pertain to Company A:

Common-Size Income Statements - Company A reported the following income statements:

Using the data above, answer the following: (provide formulas used to answer questions)

(1) Show the decomposition of return on equity for Company A for Years 1 and 2?

(2) Compute the return on assets for Company A for Years 1 and 2?

(3) Comment on Company A's use of debt?

Trend Analysis - The following data pertain to Company B:

Common-Size Income Statements - Company B reported the following income statements:

Using the data provided above, answer the following questions: (provide formulas used to answer questions)

(4) Show the decomposition of return on equity for Company B for Years 1 and 2?

(5) Compute the return on assets for Company B for Years 1 and 2?

(6) Comment on Company B's use of debt?

Sky-High, Inc. pays company management bonuses at the end of each year if net income is equal to or greater than a specific percentage of net sales. However, in the past five years, that metric has not been reached. During these past five years, Sky-High has been lowering the requirements for granting credit to customers so that more sales can be generated. However, making those credit changes has caused the company’s uncollectible accounts percentage to rise substantially; for last year, it was 8.5% of the year’s net sales.

Before the past five years, Sky-High had been estimating uncollectible accounts at 3% of net sales. That rate had been effective in that no material adjustments needed to be made at any year-end. The CEO has asked you (the company accountant) to return to using that 3% percentage. His rationale is that the economy is strengthening and so uncollectible accounts should begin to decrease. If the 3% is used, all company management will receive a small bonus for this first time in five years.

1. Provide three alternatives related to accounts receivable that might help improve the company’s profit performance.

The long Life Insurance Company receives applications to buy insurance from its salespeople, who are specially trained in selling insurance to new customers. After the applications are received, they are processed through a computer. The computer is programmed so that it prints messages whenever it runs through an item that is not consistent with company policies. The company is concerned with the accuracy of the training that its salespeople received, and it contemplates recalling them for more training if the quality of their performance is blow certain limits. Five samples of 20 applications received from specific market areas were collected and inspected with the following results:

(1) Find the sample size and average error rate.

(2) Compute three-sigma control limits.

(3) Draw the control chart(s).

(4) There are two new samples were taken each with 20 applications. Four and five applications were found to have mistakes, respectively. Without re-computing the control limits, is the training process out of control?

(5) Is there a need for recalling the sales force? Explain.

Maggie bought a house which was quite a dump in 1989 for $75,000. She fixed it up with paint and wallpaper but in 1996 she did a major renovation which cost $50,000. In 1993, she bought a dump of a cottage for $35,000 because it was both on a lake and near some good cross-country ski trails. She winterized it immediately for $10,000. Over time, the dumpy cottage has become quite attractive with the addition of a new roof, siding, windows and doors all of which cost $15,000 in 1995. In addition, she is fond of landscaping and has created quite a beautiful garden. I might add that Maggie has only $40,000 in RRSPs since she prefers to sink her money into her living space.

In July 2006, Maggie lost her job and received $60,000 in severance pay. She put as much as she could into her RRSP (included in the $40,000 above) and put the rest in GICs to help finance her plan. Maggie had been taking courses for several years to become a Master Gardener.

When she lost her job, she decided to live out her dream of having a gardening business where she would design gardens for others with cottages near her and maintain them if they needed it because they mostly come to their cottages on the weekend to relax. In the winter, she will keep the lanes clear (with her snow blower) and check up on the cottages now and again. She gave her corporate clothes to her friend Kate with the proviso that she could stay with her when she comes to the City (which won’t be often because she is very fed up).

When she lost her job, she immediately started renting out the house for $1,600 a month plus utilities. She still has to pay the $2,400 a year taxes and maintenance but figures the house will be her retirement fund. When she started renting out the house, it immediately ceased to be her principal residence – her cottage is now her principal residence. In July 2006, her house was worth $300,000 and the cottage is worth $140,000.

Questions:

a.     Maggie’s house increases in value at about 3% a year from 2006 and she sells it in 2017. How much is her taxable capital gain on the house ignoring real estate commissions?

b.    Maggie’s cottage also increases 3% a year in value. If she also sells it in 2017 in order to buy a bed and breakfast, how much is her taxable capital gain?

The most common scheme type used in financial statement fraud involves manipulation of revenue figures. Schemes to manipulate revenue figures typically involve posting sales before they are made or prior to payment. Examples include recording product shipments to company-owned facilities as sales, re-invoicing past due accounts to improve the age of receivables, Pre-billing for future sales and duplicate billings.

How easy or hard is it to manipulate the revenue figures? Why? Anyone?

People are mixed up on the first day of orientation, when they should actually be seated according to their roll number. But they can only move to an empty seat either to their left, right, front or back. If given a starting configuration, will we manage to get everyone seated roll number wise(iterated with rows given a higher priority over columns)? For simplicity, the empty seat is always the (n,n)th element of a nxn matrix. The final configuration should also leave that seat empty

Input Format

The input will consist of n^2 values. The first input gives the value of n and the subsequent (n^2 - 1) inputs correspond to the students' roll number (and their current seated position as determined by the index[0,n^2-1]. Row has a higher priority than column). The maximum value of n in the test cases is 64

Constraints

The runtime of the code in python should be under 20s and in C/C++ should be under 4s

Output Format

You need to return a single digit. 0 if the configuration can not be solved. 1 if the configuration can be solved

Sample Input 0

8 10 13 23 22 56 24 26 12 8 42 32 16 49 35 21 33 36 1 15 51 27 62 61 31 55 29 18 2 45 6 58 14 54 48 38 19 59 52 41 47 57 37 46 4 28 34 7 53 44 3 30 5 11 43 9 60 50 17 40 39 25 20 63

Sample Output 0

1

Sample Input 1

9 28 79 48 16 74 65 24 39 4 56 61 6 77 40 19 49 8 20 54 1 72 11 34 30 18 67 29 73 78 3 69 43 51 36 47 44 63 10 37 68 2 14 38 70 23 26 27 5 25 59 32 62 17 53 76 15 58 64 66 55 41 45 7 52 60 9 42 80 13 35 21 46 12 22 50 57 71 31 33 75

Sample Output 1

1