5. The wireless networking standard known as Wi-Fi encompasses several frequency bands in the microwave part of the electromagnetic spectrum. The two most common are the 2.4GHz and 5GHz bands.
a) Wi-Fi channels in the 2.4GHz band range from 2.401GHz to 2.473GHz in the US. What range of wavelengths correspond to these frequencies?
b) Wi-Fi channels in the 5GHz band range from 5.170GHz to 5.835GHz in the US. What range of wavelengths correspond to these frequencies?
In: Physics
No.1 Supermarkets Pty Ltd operates a corner store and provides you with the following detail to prepare their December 2020 Business Activity Statement. No.1 Supermarkets is registered for GST on a quarterly accrual basis. All amounts below are stated as GST inclusive where GST is applicable and No.1 Supermarkets Pty Ltd holds tax invoices where applicable. All invoices are dated during the period 1 October 2020 to 31 December 2020.
Receipts
$
440,000 Receipts from general grocery sales
300,000 Receipts from sales of fruit and vegetables
25,000 Receipt from rental of the residential apartment above the shop
5,000 Interest on Bank Deposits
110,000 Receipts from Sale of alcohol
6,000 Credit card fees for customers who used credit card
Payments
$
180,000 Purchase general groceries
5,500 Maintenance cost for the residential apartments
50,000 Salary paid to employees
66,000 Purchase of fridges
3,500 Rates on the shop building paid to the Council
1,400 Water expenses paid to Landlord as part of Rent
22,000 Rent paid on the shop
175,500 Purchase of fruit and vegetables from the growers
Discuss the GST implications of each of the above transactions. Advise No1. Supermarkets Pty Ltd of the Net GST payable/refundable for the December 2020 Business Activity Statement. Provide justification for your calculations using legislation, case law and rulings.`
In: Accounting
Renew Energy Ltd. (REL) manufactures and sells directly to
customers a special long-lasting rechargeable battery for use in
digital electronic equipment. Each battery sold comes with a
guarantee that the company will replace free of charge any battery
that is found to be defective within six months from the end of the
month in which the battery was sold. On June 30, 2020, the Warranty
Liability account had a balance of $45,000, but by December 31,
2020, this amount had been reduced to $5,000 by charges for
batteries returned.
REL has been in business for many years and has consistently
experienced an 7% return rate. However, effective October 1, 2020,
because of a change in the manufacturing process, the rate
increased to a total of 9%. Each battery is stamped with a date at
the time of sale so that REL has developed information on the
likely pattern of returns during the six-month period, starting
with the month following the sale. (Assume no batteries are
returned in the month of sale.)
| Month Following Sale |
% of Total Returns Expected in the Month |
|||
| 1st | 20% | |||
| 2nd | 30% | |||
| 3rd | 20% | |||
| 4th | 10% | |||
| 5th | 10% | |||
| 6th | 10% | |||
| 100% | ||||
For example, for January sales, 20% of the returns are expected in
February, 30% in March, and so on. Sales of these batteries for the
second half of 2020 were:
| Month | Sales Amount | ||
| July | $1,700,000 | ||
| August | 1,700,000 | ||
| September | 2,200,000 | ||
| October | 1,300,000 | ||
| November | 1,000,000 | ||
| December | 800,000 | ||
REL’s warranty also covers the payment of the freight cost on
defective batteries returned and on new batteries sent as
replacements. This freight cost is 10% of the sales price of the
batteries returned. The manufacturing cost of a battery is roughly
60% of its sales price, and the salvage value of the returned
batteries averages 14% of the sales price. Assume that REL follows
IFRS and that it uses the expense approach to account for
warranties.
Calculate the warranty expense that will be reported for the July 1 to December 31, 2020 period.
| Warranty Expense | $Enter your answer in accordance to the question statement |
eTextbook and Media
Calculate the amount of the accrual that you would expect in the Warranty Liability account as at December 31, 2020, based on the above likely pattern of returns.
| Provision in the Warranty Liability account | $Enter your answer in accordance to the question statement |
eTextbook and Media
Would your answer to any of the above situations change if REL
followed ASPE?
Choose the answer from the menu in accordance to the question
statement
YesNo
In: Accounting
please answer this
Salad Ltd acquired all the net assets of an existing business, Lettuce Ltd on 1 July 2020. The statements of financial position of the two companies immediately prior to the acquisition were as follows:
|
Salad Ltd |
Lettuce Ltd |
||
|
Cash |
$4,200 |
$2,000 |
|
|
Accounts receivable |
30,000 |
16,500 |
|
|
Freehold land |
265,000 |
100,000 |
|
|
Building (net) |
35,000 |
28,000 |
|
|
Cultivation equipment (net) |
69,000 |
46,000 |
|
|
Irrigation equipment |
18,000 |
21,000 |
|
|
Delivery trucks |
46,000 |
36,000 |
|
|
Motor vehicles |
30,000 |
32,000 |
|
|
497,200 |
281,500 |
||
|
Accounts payable |
29,000 |
24,500 |
|
|
Loan - Bank of NSW |
155,000 |
79,000 |
|
|
Loan - Bernard Bros |
35,000 |
34,000 |
|
|
Loan - Golds Corp. |
72,000 |
52,500 |
|
|
Share capital |
110,000 shares |
110,000 |
- |
|
60,000 shares |
- |
60,000 |
|
|
Reserves |
28,500 |
- |
|
|
Retained earnings |
67,700 |
31,500 |
|
|
497,200 |
281,500 |
||
All of the assets of Lettuce Ltd are recorded at fair value, with the exception of:
|
Fair value |
|
|
Freehold land* |
120,000 |
|
Buildings |
40,000 |
|
Cultivation equipment |
40,000 |
|
Motor vehicle |
34,000 |
*Fair value excluding Lettuce’s vacant land.
The terms of the acquisition are as follows:
vehicles and the delivery trucks. The land and vehicles had the following values at 1 July 2020:
|
Carrying amount |
Fair Value |
|
|
Freehold Land |
$50,000 |
$120,000 |
|
Delivery Trucks |
30,000 |
27,000 |
Required:
In: Accounting
How does composition (by final use) of crude oil demand in the US and Canada differ from many countries in the rest of the world that are less well developed and less motorized?
Given your answer to above, how does this affect the refining sector in the US and Canada relative to many countries in the rest of the world?
In: Economics
Throughout history empires have portrayed their power and governance of others as benevolent and just. The US characterizes itself as a champion of democracy, human rights, and free markets but on numerous occasions it has abandoned these values in the name of national interest. Is the US just another Empire indistinguishable from past empires, why or why not?
In: Operations Management
The following phrases are the six purposes of our Federal government found in the Preamble of the Constitution.
We the People of the United States, (1) in order to form a more perfect Union, (2) establish justice, (3) ensure domestic Tranquility, (4) provide for the common defense, (5) promote general Welfare, and (6) secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
The statements below describe actions that may be taken by the US government. Using the information above regarding the Preamble of the Constitution, match the statements below with the number associated (1,2,3,4,5, or 6) with the purpose of government that BEST fits the situation. Place your answer in the space beside the statement.
|
1. |
The President negotiates a nuclear arms deal with North Korea. |
|
|
2. |
The US government gives emergency aid to tornado victims in Charlotte, NC. |
|
|
3. |
The police catch and arrest three people suspected of robbing a bank. |
|
|
4. |
The President asks Congress for money to build 100 additional stealth bombers. |
|
|
5. |
The first amendment was added to the Constitution in 1791. It protects citizens’ rights to freedom of speech, religion, press, assembly, and petition. |
|
|
6. |
Congress passes a law saying that no state can stop a US citizen from freely traveling from one state to another. |
|
|
7. |
Congress passes a law providing universal healthcare to all citizens. |
|
|
8. |
Congress decides to provide more funds to the FBI’s “War on Crime” |
|
|
9. |
The president signs a measure providing for the first peacetime draft in US history shortly before the attack on Pearl Harbor. |
|
|
10. |
A federal court orders a chemical company to make payments to workers who were injured in a spill. |
|
|
11. |
The government pays unemployment benefits to workers who lose their jobs during a recession. |
In: Economics
Health insurance and privacy A 21 year-old Japanese woman who is a university student has been considering going to see a psychiatrist. Since she has national health insurance, she has to pay the hospital only 30% of the total medical cost, which she thinks she can afford. What makes her pause, however, is that if she uses the national health insurance her hospital visits will be reported to her father through the company he is working for, which she does not want to happen. Details of treatment or prescribed medicines are not reported but because the name of hospital/clinic she attends will be reported her family can guess her conditions. This means she cannot hide the fact that she sees a psychiatrist and that will make them worry. This is because she is a dependent family member of her father in the national health insurance system until she starts to work after graduating from the university. Another option is that she pays all the cost by herself without using the national health insurance but then this is too costly and she cannot go to see a psychiatrist. She has been wondering what to do but she really does not want to let her family know about this and be worried about her.
In this case, what ethical theory can be applied. Does she have any privacy or confidentiality ?
In: Psychology
Chapter 5: Customer and Sales
Additionally, please refer to Chapter 6 in your Cengage Accounting eText, accessible from the eText link in the Course Navigation Panel to the left of your screen.
Requirement 1:
Margie Johnson is a staff accountant at ToolEx Company, a manufacturer of tools and equipment. The company is under pressure from investors to increase earnings, and the president of the company expects the accounting department to “make this happen.” Margie's boss, who has been a mentor to her, is concerned that if earnings do not increase, he will be terminated.
Shortly after the end of the fiscal year, the company performs a physical count of the inventory. When Margie compares the physical count to the balance in the inventory account, she finds a significant amount of inventory shrinkage. The amount is so large that it will result in a significant drop in earnings this period. Margie's boss asks her not to make the adjusting entry for shrinkage this period. He assures her that they will get “caught up” on shrinkage in the next period, after the pressure is off to reach this period's earnings goal. Margie's boss asks her to do this as a personal favor to him.
What should Margie do in this situation? Why?
Requirement 2:
On April 18, 2020, Bontanica Company, a garden retailer, purchased $9,800 of seed, terms 2/10, n/30, from Whitetail Seed Co. Even though the discount period had expired, Shelby Davey subtracted the discount of $196 when he processed the documents for payment on May 1, 2020.
Discuss whether Shelby Davey behaved in a professional manner by subtracting the discount even though the discount period had expired.
Responses to Classmates:
Please let your classmates know if you agree or disagree with the information that they provided in Requirement 1 or Requirement 2 and explain why.
Response to Instructor:
Please check your thread for questions or comments from me and be sure to provide a comprehensive response, as requested.
Writing:
Please make sure that your initial post contains a properly cited reference. Please use APA style. You should cite your text as a minimum. Additionally, check your spelling and proofread your post before you hit the submit button.
In: Accounting
4. A U.S. company borrows HK$1,000,000 from a Hong Kong bank on November 1, 2019, when the spot rate is $0.127/HK$. The loan carries an interest rate of 3%, and principal and interest are due on April 1, 2020, in Hong Kong dollars. The spot rate on December 31, the company’s year-end, is $0.128/HK$. On April 1, the company pays principal and interest to close the loan. The spot rate on April 1 is $0.124/HK$. The average spot rate for the period November 1 – April 1 is $0.1272/HK$.
Using the attached T-account template, prepare all necessary journal entries to record the above events on the U.S. company's books, including year-end adjusting entries.
In: Accounting