Problem 10-1A On January 1, 2017, the ledger of Crane Company contained these liability accounts. Accounts Payable $42,700 Sales Taxes Payable 6,700 Unearned Service Revenue 19,200 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 5 Sold merchandise for cash totaling $7,314, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $11,100. (Credit Service Revenue.) 14 Paid state treasurer’s department for sales taxes collected in December 2016, $6,700. 20 Sold 520 units of a new product on credit at $46 per unit, plus 6% sales tax. During January, the company’s employees earned wages of $79,400. Withholdings related to these wages were $6,074 for Social Security (FICA), $5,671 for federal income tax, and $1,701 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31.
a) Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount, e.g. 5,275.)
b) Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
c) Prepare the current liabilities section of the balance sheet at
January 31, 2017. Assume no change in Accounts Payable.
In: Accounting
You are the CEO of an industrial chemical plant named Johnson Chemicals. You manufacture the inert chemicals for more than 100 different manufacturers. They range from the military to paint companies. Fifty percent of your gross revenue comes from one company that manufactures fuel for military and commercial aircraft: this is 30 percent of your bottom line. Your second-largest customer manufactures fuel additives and it represents five percent of your bottom line. That company is also a wholly-owned subsidiary of your number one customer.
You have found out that your number one customer has been dumping millions of gallons of waste products into a local small river that feeds into the Mississippi River. If you “blow the whistle” you could be responsible for losing 30 to 50 percent of your bottom line revenue. This would result in the unemployment of nearly half of your 5,000 employee workforce. Also, there could be a backlash among your 98 remaining customers. Your reputation could be ruined if you are deemed to be a “whistleblower” or “rat.” Still, you know that people unaware of the dumping will use the water for fishing, drinking, etc. You also know that people will die from too much exposure to the kinds of chemicals being dumped.
In: Operations Management
Question 1 tests your understanding of demand curves.
Group of answer choices
A A demand curve slopes downward from left to right.
B As price falls, quantity demanded increases.
C The market demand curve is found by adding vertically the individual demand curves.
Question 2 tests your understanding of supply curves.
Group of answer choices
A A supply curve slopes downward from left to right.
B As price rises, quantity supplied increases.
C The market supply curve is found by adding horizontally the individual supply curves.
Question 3 tests your understanding of the concept of consumer surplus.
Group of answer choices
A increase the total consumer surplus received by buyers of the good
B not change the total consumer surplus received by buyers of the good
C reduce the total consumer surplus received by buyers of the good
Question 4 tests your understanding of the concept of producer surplus.
Group of answer choices
A increase the total producer surplus received by sellers of the good
B not change the total producer surplus received by sellers of the good
C reduce the total producer surplus received by sellers of the good
Questions 5-8 test your understanding of how changes in expectations about future prices can impact the market for the good today.
Group of answer choices
A The quantity traded would fall.
B The quantity traded would rise.
Group of answer choices
A The quantity traded would fall.
B The quantity traded would rise.
Group of answer choices
A The price would fall.
B The price would rise.
Group of answer choices
A The price would fall.
B The price would rise.
In: Economics
Calculus
The marketing department for a cell phone telephone company has
determined that the demand for their phone obeys the following
relationship: p= -0.02+200 , (0 ≤ p ≤10,000) , where p denotes the
phone’s unit price (in dollars) and x the quantity demanded. This
type of question is much easier when you use your calculator, I
just need to know what you did when you give me an answer using
it,
(a) Express the revenue as a function of x: Round all of the
following answers to the nearest penny when necessary.
(b) Find the rate of change in the revenue between the 2,000th and
4,000th phone.
(c) Find the rate in change of revenue from the sale of the 5,118th
phone.
(d) Find the exact revenue from the sale of the 815th
telephone.
(e) Use the marginal revenue function to estimate the revenue from
the sale of the 815th phone. (f) Find the average revenue from the
sale of 3000 phones.
In: Math
In: Accounting
The World Trade Organization (WTO):
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includes all of the same countries that signed the Uruguay Round |
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has emerged as the world's most powerful institution for reducing trade barriers and opening markets |
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does not yet have an effective dispute settlement procedure but will before the year 2005 |
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is controlled by the United States |
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includes China and Russia among its members |
In: Finance
Use the research described below to answer the questions that follow. Shargorodsky, Curhan, Curhan, and Eavey (2010) examined hearing loss data for participants from the National Health and Nutrition Examination Survey (NHANES), aged 12-19 years. (NHANES provides nationally representative cross-sectional data on the health status of the civilian, non-institutionalized U.S. population.) The researchers compared the more recent hearing loss rate among teens (12-19 years) in 2005 to previous levels in 1988. Their goal was to see whether teen hearing loss is increasing, possibly due to heavier use of ear buds. They examined data from 1771 participants in the NHANES 2005 study (333 with some level of hearing loss), as well as data on 2928 teens from the NHANES 1988 study, with 480 in this group showing some level of hearing loss.
QUESTION 1: Calculate the p-value
QUESTION 2: Calculate an appropriate confidence interval for the change (if it exists) in hearing loss.
In: Statistics and Probability
I apologize but this is one question that has multible parts .
There are currently (as of July 2018) 411 parts per million of CO2 in our atmosphere. In July 2000 the concentration of CO2 was 365 ppm. a) calculate the average exponential growth rate in this period b) at this growth rate what will the concentration of CO2 in the year 2100. A reasonable approximation of the amount of surface temperature (in degrees C) increase as related to CO2concentration is given by: ΔT = 0.8 * ΔF where for CO2 ΔF = 5.35 * LN(Cnow/Cbefore); Cbefore = 280 ppm Note that LN stands for the natural logarithm; for instance ln(10) = 2.32 (just type ln 10 in to Google) ΔF (what we call climate forcing) represents the change in flux due to changing CO2 levels and that determines ΔT c) Using the result obtained in Part b, what is the predicted temperature change in the year 2100 and is this prediction above or still below the Paris accord agreement of no more than 2C before 2100 above the pre-industrialized temperature? Over the last few years, CO2 growth is occurring at a larger rate than long term average. The following list gives you the necessary values to compute the relevant growth rates for the question below. Jan 1970 325 ppm Jan 1990 353 ppm Jan 2005 378 ppm Jan 2019 411 ppm d) Using the same calibration as above, calculate the exponential growth rate and predicted 2100 temperature from that growth rate for the periods 1970-1990 1990-2005 2005-2019 please explain step by step how you came to this answer. I would like to beable to do this myself in the future. thank you
In: Advanced Math
Dell
In January 2006, Dell, the world’s largest computer maker, announced plans to setup its fourth call center in India. The company already employs over 10,000 people in its Indian call centers, which provided a telephone help desk service to its many thousands of customers around the world. Like many other Western companies, Dell was attracted to India by the abundance of low-cost English-speaking workers, many of whom are well qualified and highly IT literate. Locating call centers in India sounds like a good deal all round. Customers get access 24 hours a day, 7 days a week wherever they are in the world, companies are able to reduce costs, and workers in a developing country get jobs.
However, not everyone is happy. Niels Kjellerup, Publisher and Editor of The Call Centre Managers Forum, an online chat room for call center managers, argues that the rush to outsource customer contact operations to cheaper locations has resulted in the worst of management practices in US and UK call centers being exported as ‘World Class Call Centre Practice’ in countries like India. He says that too often what is seen in India is bad customer service delivered cheaply. He claims that many Indian call centers are run as sweatshops with intelligent people being treated like cattle. Call center managers with little or no previous experience adopt ‘idiotic vendor measures’ such as ‘how many calls’ and ‘how short’, which simply result in the delivery of poor levels of customer service.
Agents are required to work nine and a half hours a day, but typically work anywhere from 12 to 16 hours. Processing 28 calls an hour is mandatory. Another target is to ensure that no customer calls back within seven days. The informant claimed that there are few, if any allowances for time off, even for doctor visits, sick days or handling family emergencies.
Question 2 ( maximum 300 words)
A traditional view of globalization is that it involves rolling out the same offering across the globe using the same ingredients, brand name and marketing communications. However, organizations have realized that they need to adapt their offerings and communications to local preferences and conditions. Discuss what is the difference between globalization and customization in marketing segmentation and marketing mix in relation to Dell Computers.
In: Operations Management
Dell
In January 2006, Dell, the world’s largest computer maker, announced plans to setup its fourth call center in India. The company already employs over 10,000 people in its Indian call centers, which provided a telephone help desk service to its many thousands of customers around the world. Like many other Western companies, Dell was attracted to India by the abundance of low-cost English-speaking workers, many of whom are well qualified and highly IT literate. Locating call centers in India sounds like a good deal all round. Customers get access 24 hours a day, 7 days a week wherever they are in the world, companies are able to reduce costs, and workers in a developing country get jobs.
However, not everyone is happy. Niels Kjellerup, Publisher and Editor of The Call Centre Managers Forum, an online chat room for call center managers, argues that the rush to outsource customer contact operations to cheaper locations has resulted in the worst of management practices in US and UK call centers being exported as ‘World Class Call Centre Practice’ in countries like India. He says that too often what is seen in India is bad customer service delivered cheaply. He claims that many Indian call centers are run as sweatshops with intelligent people being treated like cattle. Call center managers with little or no previous experience adopt ‘idiotic vendor measures’ such as ‘how many calls’ and ‘how short’, which simply result in the delivery of poor levels of customer service.
Agents are required to work nine and a half hours a day, but typically work anywhere from 12 to 16 hours. Processing 28 calls an hour is mandatory. Another target is to ensure that no customer calls back within seven days. The informant claimed that there are few, if any allowances for time off, even for doctor visits, sick days or handling family emergencies.
Question 1 (, maximum 300 words)
When a business expands its operation into other countries, the impact of globalization on human resource development and management is significant.
In: Operations Management