Using the Journal Entry form, prepare the journal entries for each of the source documents provided below

1. To: YOUR NAME Corporation Date: October 1, 2018 Various people paid YOUR NAME Corporation $10,000 cash in exchange for Common Shares

2.To: YOUR NAME Corporation Date: October 8, 2018 Hired four employees to begin work on Monday, October 15, 2018. Each employee will receive a weekly salary of $500 for a five-day work week (Monday - Friday), payable every two weeks, the first payment will be made Friday, October 26, 2018

3. To: YOUR NAME Corporation Date: October 26, 2018 Payroll was completed paying biweekly salaries to four employees for the period October 15 - 26

4. To: YOUR NAME Corporation Date: October 29, 2018 The Board of Directors declared a dividend to shareholders on record of $500

5. To: YOUR NAME Corporation Date: October 2, 2018 Receipt for monthly rent for the month of October 2018; amount is $900.00

6. FOCUS EQUIPMENT Invoice # INV728 1234-98 Avenue Date October 1, 2018 Edmonton, AB T2J 1B2 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Details: Purchase of equipment to be used in your daily operations which is estimated to have a 5-year life. $5,000.00 Payment received in full Thank you for your business

7. Aero Supply Company Invoice # 5544 72 Gladstone Way Date October 9, 2018 Calgary, AB T3B 4F6 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Details: Office supplies 2,500.00 Payment due in 30 days

8. Date: October 1, 2018 Re: Loan Dear Customer: We are pleased to provide you a $5,000 loan with an interest rate of 6% per annum. The terms of the loan are to be paid in full on or before January 1, 2019 (3 months) interest and principle. Sincerely, ScotiaBank

9. ABC Insurance Company Invoice # 1298 83 Sunset Blvd Date: October 5, 2018 Calgary, AB T2M 3M3 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Insurance Policy: Effective for the period October 1, 2018 to September 30, 2019 Total Payment required $ 600.00 Payment received in full

10. YOUR NAME Corporation Invoice # 0001 YOUR ADDRESS Date October 15, 2018 Calgary, AB T2X 1X1 TO: Copa Ltd 998 Simpson Way Calgary, AB T2K 4M9 Provided Advertising Services 20,000.00 Payment due in 30 days Thank you for your business.

11. YOUR NAME Corporation Scotiabank YOUR ADDRESS Calgary, AB Calgary, AB T2X 1X1 Cheque Number 1000 Date: October 22, 2018 Pay to the order Aero Supply Company $1,000.00 --------------------------One thousand ----------------------------------------- dollars Partial pmt for Inv 5544 your signature.

12. YOUR NAME Corporation Scotiabank YOUR ADDRESS Calgary, AB Calgary, AB T2X 1X1 Cheque Number 1001 Date: October 30, 2018 Pay to the order Canada Revenue Agency $1,800.00 ----------------One thousand eight hundred ----------------------------------------- dollars Income Tax Instalment payment your signature.

13. Copa Ltd Royal Bank 998 Simpson Way Calgary, AB Calgary, AB T2K 4M9 Cheque Number 2468 Date: October 30, 2018 Pay to the order YOUR NAME Corporation $9,000.00 -------------------------------------Nine thousand ----------------------------------------- dollars Partial pmt for Inv 0001 Copa Ltd signature.

14. Knox Ltd CIBC 43 Happy Lane Calgary, AB Calgary, AB T2K 4M9 Cheque Number 0001391 Date: October 19, 2018 Pay to the order YOUR NAME Corporation $1,200.00 -----------------------------One thousand two hundred------------------------------- dollars Advanced payment for work in November 2018 Knox Ltd signature.

4. Memos and other source documents been provided to you to help you prepare the monthly adjusting journal entries required. Prepare and post the adjusting journal entries using the forms provided. Please note, not all of the information to complete the adjusting journal entries is provided so you must review the accounts in the Unadjusted Trial Balance. 5. Using the Trial Balance form, prepare the Adjusted Trial Balance

15. To: YOUR NAME Corporation Date: October 31, 2018 A count of office supplies was conducted and it is determined $1,500 worth of supplies was used during the month

16. To: YOUR NAME Corporation Date: October 31, 2018 It was determined that $400 of the $1,200 received from Knox Ltd has been earned during the month

17. YOUR NAME Corporation Invoice # 0003 YOUR ADDRESS Date October 31, 2018 Calgary, AB T2X 1X1 TO: New Customer New Address Calgary, AB T1L 3H9 Provided Advertising Services during October 2018 200.00 Payment due in 30 days Thank you for your business

6. Using the Financial Statement forms, prepare the: a. Income Statement b. Statement of Changes in Equity c. Balance Sheet / Statement of Financial Position For the first month of operations for YOUR NAME Corporation. Prepare a T- account for the journal entries.

Using the Journal Entry form, prepare the journal entries for each of the source documents provided below

1. To: YOUR NAME Corporation Date: October 1, 2018 Various people paid YOUR NAME Corporation $10,000 cash in exchange for Common Shares

2.To: YOUR NAME Corporation Date: October 8, 2018 Hired four employees to begin work on Monday, October 15, 2018. Each employee will receive a weekly salary of $500 for a five-day work week (Monday - Friday), payable every two weeks, the first payment will be made Friday, October 26, 2018

3. To: YOUR NAME Corporation Date: October 26, 2018 Payroll was completed paying biweekly salaries to four employees for the period October 15 - 26

4. To: YOUR NAME Corporation Date: October 29, 2018 The Board of Directors declared a dividend to shareholders on record of $500

5. To: YOUR NAME Corporation Date: October 2, 2018 Receipt for monthly rent for the month of October 2018; amount is $900.00

6. FOCUS EQUIPMENT Invoice # INV728 1234-98 Avenue Date October 1, 2018 Edmonton, AB T2J 1B2 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Details: Purchase of equipment to be used in your daily operations which is estimated to have a 5-year life. $5,000.00 Payment received in full Thank you for your business

7. Aero Supply Company Invoice # 5544 72 Gladstone Way Date October 9, 2018 Calgary, AB T3B 4F6 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Details: Office supplies 2,500.00 Payment due in 30 days

8. Date: October 1, 2018 Re: Loan Dear Customer: We are pleased to provide you a $5,000 loan with an interest rate of 6% per annum. The terms of the loan are to be paid in full on or before January 1, 2019 (3 months) interest and principle. Sincerely, ScotiaBank

9. ABC Insurance Company Invoice # 1298 83 Sunset Blvd Date: October 5, 2018 Calgary, AB T2M 3M3 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Insurance Policy: Effective for the period October 1, 2018 to September 30, 2019 Total Payment required $ 600.00 Payment received in full

10. YOUR NAME Corporation Invoice # 0001 YOUR ADDRESS Date October 15, 2018 Calgary, AB T2X 1X1 TO: Copa Ltd 998 Simpson Way Calgary, AB T2K 4M9 Provided Advertising Services 20,000.00 Payment due in 30 days Thank you for your business.

11. YOUR NAME Corporation Scotiabank YOUR ADDRESS Calgary, AB Calgary, AB T2X 1X1 Cheque Number 1000 Date: October 22, 2018 Pay to the order Aero Supply Company $1,000.00 --------------------------One thousand ----------------------------------------- dollars Partial pmt for Inv 5544 your signature.

12. YOUR NAME Corporation Scotiabank YOUR ADDRESS Calgary, AB Calgary, AB T2X 1X1 Cheque Number 1001 Date: October 30, 2018 Pay to the order Canada Revenue Agency $1,800.00 ----------------One thousand eight hundred ----------------------------------------- dollars Income Tax Instalment payment your signature.

13. Copa Ltd Royal Bank 998 Simpson Way Calgary, AB Calgary, AB T2K 4M9 Cheque Number 2468 Date: October 30, 2018 Pay to the order YOUR NAME Corporation $9,000.00 -------------------------------------Nine thousand ----------------------------------------- dollars Partial pmt for Inv 0001 Copa Ltd signature.

14. Knox Ltd CIBC 43 Happy Lane Calgary, AB Calgary, AB T2K 4M9 Cheque Number 0001391 Date: October 19, 2018 Pay to the order YOUR NAME Corporation $1,200.00 -----------------------------One thousand two hundred------------------------------- dollars Advanced payment for work in November 2018 Knox Ltd signature.

4. Memos and other source documents been provided to you to help you prepare the monthly adjusting journal entries required. Prepare and post the adjusting journal entries using the forms provided. Please note, not all of the information to complete the adjusting journal entries is provided so you must review the accounts in the Unadjusted Trial Balance. 5. Using the Trial Balance form, prepare the Adjusted Trial Balance

15. To: YOUR NAME Corporation Date: October 31, 2018 A count of office supplies was conducted and it is determined $1,500 worth of supplies was used during the month

16. To: YOUR NAME Corporation Date: October 31, 2018 It was determined that $400 of the $1,200 received from Knox Ltd has been earned during the month

17. YOUR NAME Corporation Invoice # 0003 YOUR ADDRESS Date October 31, 2018 Calgary, AB T2X 1X1 TO: New Customer New Address Calgary, AB T1L 3H9 Provided Advertising Services during October 2018 200.00 Payment due in 30 days Thank you for your business

6. Using the Financial Statement forms, prepare the: a. Income Statement b. Statement of Changes in Equity c. Balance Sheet / Statement of Financial Position For the first month of operations for YOUR NAME Corporation

1/ On November 1, 2018, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2019. On December 31, 2018, the company's year-end, the following information relative to the discontinued division was accumulated:

In its income statement for the year ended December 31, 2018, Jamison would report a before-tax loss on discontinued operations of:

Multiple Choice

• $56 million.

• $148 million.

• $160 million.

• $68 million.

2/ During its 2018 fiscal year, Jacobsen Corporation reported before-tax income of $629,000. This amount does not include the following two items, both of which are considered to be material in amount:

The company's income tax rate is 20%.

Jacobsen Corporation prepares its financial statements applying U.S. GAAP. In its 2018 income statement, Jacobsen would report income from continuing operations of:

Multiple Choice

• $670,400.

• $503,200.

• $423,200.

• $629,000.

3 During its 2018 fiscal year, Jacobsen Corporation reported before-tax income of $639,000. This amount does not include the following two items, both of which are considered to be material in amount:

The company's income tax rate is 40%.

Jacobsen Corporation prepares its financial statement applying International Financial Reporting Standards (IFRS). In its 2018 income statement, Jacobsen would report income from continuing operations of:

Multiple Choice

• $383,400.

• $323,400.

• $639,000.

• $514,800.

No explanation needed.

Inc. makes and sells a single snowboard model, the Titan. Fullerton’s CEO expects to sell 3,910 snowboards at an estimated retail price of $1,320 per board during 2018. In the fall of 2017, Fullerton gathered the following data to prepare budgets for 2018:

​

CEO expects to sell 3,910 snowboards during 2018 at an estimated retail price of

$ 1,320 per board.​ Further, the CEO expects 2018 beginning inventory of 700 snowboards and would like to end 2018 with 900 snowboards in stock. The inventoriable unit cost for beginning finished goods inventory on January 1, 2018 ​is ​$230.00.

Data pertaining to the direct materials inventories are as follows:

Variable manufacturing overhead is $20 per direct labor-hour. There are also $28,770 in fixed manufacturing overhead cots budgeted for 2018. Both variable and fixed overhead costs are allocated based on direct manufacturing labor-hours.

Other data include the following:

1.What is the total direct manufacturing labor costs budget?

Group of answer choices

$1,006,950

$882,980

$908,950

$978,180

2.What are total manufacturing overhead costs?

Group of answer choices

$604,170

$548,170

$110,970

$102,970

3.What is the cost of target ending inventories of finished goods?

Group of answer choices

$965,200

$1,167,300

$978,300

$1,116,900

4.What is the budgeted cost of goods sold for 2018?

Group of answer choices

$4,369,470

$4,508,070

$4,319,070

$4,521,170

Financial information for Mario Ltd is presented here.

Additional information:

1. Inventory at the beginning of 2018 was $350,000.
2. Receivables at the beginning of 2018 were $80,000, net of an allowance for doubtful debts account of $3,000.
3. Total assets at the beginning of 2018 were $1,175,000.
4. No share capital transactions occurred during 2018 or 2019.
5. All sales were on account.

Required

1. Please calculate the following ratios, for 2019 and 2018, using the information from Mario Ltd:

• Liquidity: Current, Quick, Receivables Turnover, and Inventory Turnover.
• Profitability: Profit Margin, Asset Turnover, Return on Assets, and Earnings Per Share.

2. Based on your calculations, explain the changes in liquidity and profitability of Mario Ltd from 2018 to 2019. That is, has each ratio improved/declined, and what does this movement mean?
3. How can Mario Ltd improve their Receivables Turnover and their Inventory Turnover?

On January 1, 2018, Ivanhoe Corp. had 482,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

Part 1

Determine the weighted-average number of shares outstanding as of December 31, 2018.

Part 2

Assume that Ivanhoe Corp. earned net income of $3,395,000 during 2018. In addition, it had 105,000 shares of 10%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.)

Part 3

Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Part 4

Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $436,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Herbert, Inc., acquired all of Rambis Company’s outstanding stock on January 1, 2017, for $599,000 in cash. Annual excess amortization of $17,000 results from this transaction. On the date of the takeover, Herbert reported retained earnings of $486,000, and Rambis reported a $220,000 balance. Herbert reported internal net income of $41,000 in 2017 and $55,600 in 2018 and declared $10,000 in dividends each year. Rambis reported net income of $27,500 in 2017 and $42,100 in 2018 and declared $5,000 in dividends each year.

a. Assume that Herbert’s internal net income figures above do not include any income from the subsidiary.

If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2018?

What would be the amount of consolidated retained earnings on December 31, 2018, if the parent had applied either the initial value or partial equity method for internal accounting purposes?

b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert’s books on January 1, 2018?

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method.

c. Under each of the following situations, what is Entry *C on a 2018 consolidation worksheet?

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method.

Prepare entry *C if the parent used the equity method.

Prepare entry *C if the parent used the partial equity method.

Prepare entry *C if the parent used the initial value method.

QS 12-19 Indirect: Preparing statement of cash flows LO P1, P2, P3

Additional Information

No dividends are declared or paid in 2018.

Issued additional stock for $11,900 cash in 2018.

Purchased equipment for cash in 2018; no equipment was sold in 2018.

1. Use the above financial statements and additional information to prepare a statement of cash flows for the year ended December 31, 2018, using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
  

The weight of an organ in adult males has a bell-shaped distribution with a mean of 300 grams and a standard deviation of 45 grams. Use the empirical rule to determine the following.

(a) About 68% of organs will be between what weights?

(b) What percentage of organs weighs between 165 grams and 435 grams?

(c) What percentage of organs weighs less than 165 grams or more than 435 grams?

(d) What percentage of organs weighs between 255 grams and 435 grams?

(A) _ and _grams. (use ascending order.)

(B) _ % (type an integer or a decimal.)

(C) _ % (type an integer or a decimal.)

(D) _% (type an integer or decimal rounded to two decimal places as needed.)

A student is given 3 beakers:

Beaker 1- 50.0 ml of a solution produced by dissolving 6.00 grams of a weak 
monoprotic acid ,HX, in enough water to produce 1 liter of solution. 
The empirical formula of HX is CH
O. The solution contains 3 drops 
of phenolphthalein.

Beaker 2- A 0.07M solution of the salt NaX. It has a pH of 8.8

Beaker 3 - 50.0 ml of 0.250M KOH

The contents of beaker 3 is added drop-wise to beaker 1 until a pink color appears and remains for 30 seconds. This takes exactly 20.0 ml of the beaker 3 solution. Identify X and calculate the pH of beaker 1 after the addition of the 20 ml.